The “advance” estimate of U.S. real gross domestic product (GDP) for the fourth quarter of 2020 increased 4.0 percent at an annual rate, after a best-ever gain of 33.4 percent in the third quarter. Personal consumption expenditure and business investment, including private inventory, contributed positively to the real GDP growth, while net exports and government spending … [Read more...] about Business Indicators
University of Nevada Las Vegas
Business IndicatorsFebruary 2021
The “third” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2020 increased 33.4 percent at an annual rate, revised up by 0.3 percent from the previous estimate. The upward revision mainly reflected larger-than-expected consumer spending and business investment. Overall, a best-ever gain in real GDP exhibited strong recovery in both consumer spending … [Read more...] about Business Indicators
Daunting ChallengesMedical Education in Nevada
Learning that their state continues to provide far too few doctors, nurses and other medical professionals to serve its fast-growing population, Nevadans sometimes ask Debera Thomas why she doesn’t simply add more classes at the Orvis School of Nursing at the University of Nevada, Reno. If only it were so easy. Thomas, dean of the Orvis School, and her peers in medical … [Read more...] about Daunting Challenges
Uncertain TimesMultifamily in Nevada
April was set to be yet another busy month for sales of apartment complexes in Nevada, one of the hottest multifamily markets in the country. And then, all of sudden, it wasn’t. After state and local governments mandated business closures — with resulting job losses — to battle the COVID-19 pandemic, multifamily investors, developers and managers stepped back … [Read more...] about Uncertain Times
Office ProjectsFor a New Generation
The signals to office developers to develop are typically simple. Economic growth creates demand for office space, existing buildings begin to fill, rents rise and developers can make new projects pencil out. That’s happening, sort of, across Nevada these days. Vacancy rates in office buildings have fallen to about 12 percent in Las Vegas and about 11 percent in Reno, and … [Read more...] about Office Projects
Business IndicatorsFebruary 2020
The “third” estimate of U.S. real gross domestic product (GDP) for the third quarter of 2019 grew at an annual rate of 2.1 percent. Overall, strong consumer spending primarily drove real GDP growth in the third quarter, and weaker business investment and imports slowed real GDP growth. U.S. nonfarm employment added a less-than-expected 145,000 jobs in December. The employment … [Read more...] about Business Indicators
Educating for What Will BeMeeting Nevada’s Future Needs
It’s evident that education cannot remain static and neither can it exist as separate from the real world. Rather, experts agree it needs to be made up of a series of interconnected, flexible institutions that reflect the change of Nevada industries and the demands and opportunities of technology. “You can’t educate kids in a vacuum. We always have to be looking at the … [Read more...] about Educating for What Will Be
Las Vegas Reinventing a Strong Future: Open for Business
As one of the fastest growing metropolitan areas in the country, it’s no surprise Las Vegas has a strong economic engine. A creatively strong economy, Las Vegas is blending new technology with existing infrastructure, from the downtown Innovation District to the Smart Cities Initiative. Historically, the city has been a strong economic engine but, “The recession was a … [Read more...] about Las Vegas Reinventing a Strong Future: Open for Business
Around the State: August 2017
Southern Nevada Communities Rank Among Nation’s Top Ten According to a report by RCLCO Real Estate Advisors, Summerlin in Southern Nevada ranked 7th among the nation for the best selling master-planned communities. Sales have been strong for the community in the first half of the year, Summerlin topped last year’s numbers by 28 percent. Since the list debuted in 1994, … [Read more...] about Around the State: August 2017
Colliers International – Las Vegas Names Kara Walker, CCIM Associate Vice President
Mike Mixer, the Executive Managing Director of Colliers International – Las Vegas is proud to announce Kara Walker, CCIM has been named Associate Vice President. “Kara is completely deserving of this promotion,” Mixer said. “Kara works hard and always makes sure to provide superior service to her clients and to represent Colliers with integrity. In her short time with … [Read more...] about Colliers International – Las Vegas Names Kara Walker, CCIM Associate Vice President
June 2017: Business Indicators
The “advance” estimate for U.S. real gross domestic product (GDP) for the first quarter of 2017 grew at a weaker-than-expected 0.7 percent annualized rate. The biggest positive contribution came from private domestic investment, while consumer spending posted the slowest growth since the end of the Great Recession based on incomplete data. Weak consumer spending, in spite of … [Read more...] about June 2017: Business Indicators
PROJECT 150 Expands Advisory Board
LAS VEGAS – Project 150, a local charity serving homeless, displaced and disadvantaged high school students, is pleased to welcome new members to its advisory board. “We are honored to have each of these highly qualified people bring their talent and expertise to Project 150,” said Patrick Spargur, president of the board of directors. “Their deep desire to help the … [Read more...] about PROJECT 150 Expands Advisory Board
April 2017: Business Indicators
The “second” estimate for U.S. real gross domestic product (GDP) for the fourth quarter of 2017 grew at a 1.9 percent annualized rate, remaining unchanged from the “advance” estimate. According to more complete source data, consumer spending increased more strongly than previously thought, but increases in state and local government spending and nonresidential fixed investment … [Read more...] about April 2017: Business Indicators
Craft Beers, Jazz and More at Montelago Village Beerfest on April 29 — Lakeside Event Benefits Nonprofit KUNV 91.5 Fm
Beer, jazz, lakeside fun and more await attendees of the MonteLago Village Beerfest on Saturday, April 29 from 2 p.m. to 7 p.m. Festivities will include 30 local, regional and national breweries with more than 100 craft beers; five local jazz bands; specialty vendors; and a variety of special menu options from MonteLago Village restaurants, which will be open for lunch and … [Read more...] about Craft Beers, Jazz and More at Montelago Village Beerfest on April 29 — Lakeside Event Benefits Nonprofit KUNV 91.5 Fm
Nevada State Bank Names Steven Anderson Vice President And Corporate Banking Relationship Manager
LAS VEGAS – Nevada State Bank has named Steven Anderson Vice President and corporate banking relationship manager. Anderson has been working in the banking and finance industry for 25 years, holding senior-level positions for Nevada banks in commercial loans and client management, in addition to working as chief financial officer for Astoria Homes and Cedco, Inc. His most … [Read more...] about Nevada State Bank Names Steven Anderson Vice President And Corporate Banking Relationship Manager