LAS VEGAS - Southern Nevada’s commercial real estate extended its recovery and expansion in the first quarter of 2017. The industrial market began what by year’s end should be one of its largest expansions ever, the office market saw its recovery continue apace and the medical office market also saw conditions improve. Only the retail market suffered a set-back, and this … [Read more...] about Southern Nevada Gets a Strong Start in 2017
Southern Nevada
Grand Opening of New Goodwill Retail Store & Drive Thru Donation Center in Henderson
Goodwill of Southern Nevada announces the grand opening of the nonprofit’s second Henderson location at 1451 S. Boulder Highway, Henderson, NV 89015 at E. Horizon Drive on Friday, February 3, 2017 at 9 a.m. A brief ribbon cutting ceremony and presentation featuring a Goodwill team member who has overcome incredible odds will be held inside the store at 8:30 a.m. Media are … [Read more...] about Grand Opening of New Goodwill Retail Store & Drive Thru Donation Center in Henderson
Commercial Real Estate Market In Southern Nevada Making Progress, With Lagging Office Market Starting To Bounce Back
LAS VEGAS – A report released by Xceligent and the Commercial Alliance Las Vegas (CALV) shows the commercial real estate market in Southern Nevada making steady progress during the third quarter of 2016. “As we’ve been saying for some time, the local commercial real estate market continues to make slow and steady progress, although we still have sectors that haven’t fully … [Read more...] about Commercial Real Estate Market In Southern Nevada Making Progress, With Lagging Office Market Starting To Bounce Back
Bank of Nevada Collecting School Supplies for Hundreds of Students in Need
The public is invited to help provide school supplies for hundreds of Southern Nevada students whose parents may have difficulty providing the basic supplies their child will need. The 2015 Bank of Nevada School Supply Drive, happening August 10, 2015 through August 28, 2015, is a chance for Bank of Nevada employees, customers as well as the general public to … [Read more...] about Bank of Nevada Collecting School Supplies for Hundreds of Students in Need
Recovery Transitioning into Expansion and Reinvention
Las Vegas – While some sectors of Southern Nevada’s commercial real estate market are still recovering from the Great Recession, others have thrived. The warehouse/distribution sector has shown such strong demand over the past three years that vacancy in that sector is now just 3.2 percent. This has stimulated new speculative construction on a level not seen in Southern Nevada … [Read more...] about Recovery Transitioning into Expansion and Reinvention
Retail Summary: Fourth Quarter 2012
Las Vegas By the end of 2012, vacancies in the retail sector reached their lowest level since the first quarter of 2009. The vacancy rate ended the year at 9.9 percent, down 0.3 percentage points when compared to last quarter (Q3 2012). Compared to a year ago (Q4 2011) the rate is down an even greater 0.7 percentage points. The latest market activity suggests the retail sector … [Read more...] about Retail Summary: Fourth Quarter 2012
Nevada Executives Speak Out: Power Poll 2013
As the Silver State struggles to pull itself out of the worst recession many Nevadans have seen in their lifetime, executives are beginning to see a light at the end of the tunnel. This year marks the eleventh annual Power Poll wherein Nevada Business Magazine asked executives throughout the state to speak up on issues that affect their businesses. This year’s poll illustrates … [Read more...] about Nevada Executives Speak Out: Power Poll 2013
Housing Market: Honing in on Homes
With increasing sales and home values, Nevada’s housing market shows signs of recovery and strength not seen in recent years. “We’re on a good path right now,” said Patti Kelley, president of the Nevada Association of Realtors (NAR), a group that provides services to its members and advocates for private property rights. “We’re pulling out of the worst of it and finally … [Read more...] about Housing Market: Honing in on Homes
Office Summary: Fourth Quarter 2012
Las Vegas During the fourth quarter of 2012, the office sector witnessed a quarter-over-quarter increase in vacancy rate. The market-wide vacancy rate for the fourth quarter of 2012 was 25.3 percent, up 0.3 percentage points when compared to the prior quarter (Q3 2012). Over one-fourth of existing office space has now been vacant for five consecutive quarters. For the year, … [Read more...] about Office Summary: Fourth Quarter 2012
Getting There: Transportation in Nevada
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
February 2013: Around the State
Southern Nevada Businesses Expect a Better 2013 According to the Southern Nevada Business Confidence Index, compiled by UNLV’s Center for Business and Economic Research, Southern Nevada businesses’ expectations are improving. The report found that, after two quarters of declining expectations, the index rose from 101.5 to 106.1 for the first quarter of 2013. The index is based … [Read more...] about February 2013: Around the State
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
January 2013: Around the State
Home Prices Rising in Las Vegas According to recent statistics from the Greater Las Vegas Association of Realtors (GLVAR), Southern Nevada home prices increased again in November. The median price of single-family homes sold was $146,000, up 4.3 percent from the $140,000 in October and up 16.8 percent from the same period last year. Alternatively, in November, home sales went … [Read more...] about January 2013: Around the State
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
Playing Politics with Education: Teachers Union Throws Students under the Bus
Nevadans will find out this month whether the Clark County School District (CCSD) qualifies for a $40 million grant from the federal government’s “Race to the Top” program. The money would provide high-tech tools and programs at 63 schools to help 41,000 students with limited English skills. It would fund 46 new jobs for teachers and support staff, as well as expanded teacher … [Read more...] about Playing Politics with Education: Teachers Union Throws Students under the Bus