Nevada is a hub state, with easy access and distribution from both ends of the state to the Western states. Northern Nevada offers access by roadways, railways and an international airport as well as additional airports in surrounding areas. Southern Nevada offers ground access to Los Angeles, Phoenix, Salt Lake City and points south. The state’s business friendly tax climate … [Read more...] about Getting There: Transportation in Nevada
Reno
Architects & Engineers: Creating Opportunities
Nevada’s architects and engineers particularly were hard hit when the state’s residential and commercial real estate activities abruptly stopped and the recession began. Numerous firms downsized their staffs and operations. Economic conditions forced many of these professionals to leave Nevada for available jobs in other states or remain in the Silver State and pursue a … [Read more...] about Architects & Engineers: Creating Opportunities
Mark Gunderson, MD: Age Management Institute
Medical Director Reno How did you first get into your profession? My lifelong interest in fitness, diet, nutrition, supplementation, the process of aging and disease management led me to this field. Previously as an ER physician, I would see these patients literally on their deathbed, and I recognized that there was a significant need for a more preventive approach to … [Read more...] about Mark Gunderson, MD: Age Management Institute
Industrial Summary: Fourth Quarter 2012
Las Vegas With no completions during the quarter, the industrial market witnessed some increased demand, reporting approximately 32,000 square feet of positive net absorption. However, for the year, absorption remained negative with 243,700 square feet of net move-outs. Average asking rates remained flat at $0.51 per square foot per month for the fourth consecutive quarter. … [Read more...] about Industrial Summary: Fourth Quarter 2012
Economic Development: Critical to Nevada
When it comes to Nevada’s future, economic development is critical. Over the last 12 months, The Silver State has made strides on this front. Among other accomplishments, the Governor’s Office of Economic Development (GOED) hired a leader in November 2011. This spring Gov. Brian Sandoval released “Moving Nevada Forward: A Plan for Excellence in Economic Development … [Read more...] about Economic Development: Critical to Nevada
John P. Desmond: Gordon Silver
Shareholder Reno What do you like most and least about your industry? My favorite part of our industry is being creative in trying to help solve problems for businesses that find themselves in a dispute. Litigation is very stressful and time consuming for businesses and getting problems resolved quickly is almost always in everyone’s best interest. My least favorite … [Read more...] about John P. Desmond: Gordon Silver
Retail Summary: Third Quarter 2012
Las Vegas While the vacancy rate in the Las Vegas retail sector remains elevated, it posted both consecutive-quarterly and annual declines during the third quarter of 2012. The market reported a vacancy rate of 10.2 percent during the third quarter, down 0.3 percentage points when compared to the prior quarter (Q2 2012). Compared to a year ago (Q3 2011), the vacancy rate … [Read more...] about Retail Summary: Third Quarter 2012
2013 Economic Forecast: Watch for the Wild Card
As the end of 2012 nears, Nevada’s economy continues its gradual recovery, but the unemployment rate remains in the double digits and job creation is slow. What’s in store for the Silver State’s economy in 2013? Experts weighed in on their predictions for the coming year, which primarily are based on the performance of certain indicators this year. However, they said none of … [Read more...] about 2013 Economic Forecast: Watch for the Wild Card
Filmmaking in Nevada: Lights, Camera, Action!
Level Playing Field isn’t the name of a new big-budget film -- but it is the dramatic ending that moviemakers are hoping for in order to bring their production companies to Nevada. And the economic payoff if the state provides that level playing field could well prove to be a blockbuster. While just about anyone can name off the top of his head a bunch of movies filmed … [Read more...] about Filmmaking in Nevada: Lights, Camera, Action!
Office Summary: Third Quarter 2012
Las Vegas The office sector witnessed a quarter-over-quarter decline in vacancy rates for the first time in two years. During the third quarter of 2012, the vacancy rate fell to 25.2 percent, down 0.4 percentage points compared to the prior quarter (Q2 2012). However, the rate remains 0.3-percentage points higher than a year ago (Q3 2011). The sector reported approximately … [Read more...] about Office Summary: Third Quarter 2012
Healthcare Check-Up: Meeting the New Challenges
There’s no shortage of uncertainty swirling around Nevada’s healthcare industry: from the challenges of the local and national economies to insurance regulations and the implications – even the contours and very existence -- of Obamacare. The outlook, however, is decidedly optimistic. And with good reason. “One of the advantages of healthcare is that it’s been projected … [Read more...] about Healthcare Check-Up: Meeting the New Challenges
Young Executives: Nevada’s Future
After finishing graduate school, Nevada resident, Adam Kramer, launched his own business, I Am America, which provided online video content for companies. Four years later, his wife landed an opportunity in Las Vegas, and the couple relocated to the city from Los Angeles. Kramer sold his business and found a job with the Las Vegas Chamber of Commerce as the director of its … [Read more...] about Young Executives: Nevada’s Future
Industrial Summary: Third Quarter 2012
Las Vegas The Las Vegas industrial market continues to face a slower pace of market contraction, contributing to increased stability in the overall vacancies. The sector reported a vacancy rate of 18.6 percent during the third quarter of 2012. In the past 12 months, the sector has witnessed 674,500 square feet of negative absorption, an improvement over the negative 1.5 … [Read more...] about Industrial Summary: Third Quarter 2012
See You Next Year in Nevada! Corporate Meetings and Conventions
In 2011, almost 40 million people visited Las Vegas. Of those visitors, nearly 5 million were attending conventions and corporate meetings. In 2011 alone there were 19,029 conventions held in Southern Nevada, according to the Las Vegas Convention and Visitors Authority (LVCVA). In total, Southern Nevada offers about 2.6 million-square-feet in convention and meeting space, and … [Read more...] about See You Next Year in Nevada! Corporate Meetings and Conventions
Northern Nevada: Hard Work Pays Off
Northern Nevada has earned its developing economic comeback the old-fashioned way: building on its strengths, looking to the future and taking common sense steps to coax and reward entrepreneurialism and innovation. It’s paying off. “There’s a lot going on,” says Rob Hooper, Executive Director of Northern Nevada Development Authority (NNDA), the Economic Development … [Read more...] about Northern Nevada: Hard Work Pays Off