Archive for November 7th, 2012

Nevada Commercial Real Estate Market Hits Even Keel

Wednesday, November 7th, 2012

A ray of hope has risen on the horizon for the commercial real estate market at both ends of Nevada. Commercial property analysts are saying that market stabilization is ongoing, or at the very least, there’s some market improvement. Notably though, there are no major gains in the number of new locator companies. However, business owners are taking advantage of the shifts in rent values to transfer to better locations and properties.

The improving commercial real estate market outlook looks promising, especially the recent deals in Las Vegas and Reno. The recent announcement of Apple Inc. that it will open a business office and a data center in Sparks and Reno has further improved the tech company portfolio of Northern Nevada. With more e-retailers such as BizChair also moving in, a robust health for the retail market could also be just around the corner, despite the struggles at big box stores like Best Buy. Meanwhile, news is abuzz in Las Vegas that construction will restart at the long-stalled development of the retail district ballyhooed as the Shops at Summerlin Centre. Then there’s some excitement generated by talks that Zappos CEO Tony Hsieh is embarking on a multimillion-dollar project to revitalize downtown.

Doug Roberts, a partner at Pannattoni Development Co. Inc., observed that ownership stabilization has been achieved, saying that the property transfers in the past three to four years are pretty much done. The managing director of Voit Real Estate Services, Mike Montandon, likewise feel that the commercial real estate market may have reached bottom and is bouncing off a bit. Nonetheless, he can’t be certain how far up the market have gone or if a recovery is indeed going on a full swing. These prognostications mostly jibe with a Chase JP Morgan assessment this August that the commercial real estate market’s office vacancies, which soared with the slumping economy, may be stabilizing.

An Introduction to Las Vegas Print Media

Wednesday, November 7th, 2012

Newspapers are part of everyday life, and indeed for many people they are a necessity that will always grace their breakfast table or desk during the first hours of the day.

There’s good reason for wanting to keep up with the news in Las Vegas, where everything that happens seems to have headline potential. So what to read to keep up with the news? There’s four newspapers in Las Vegas that are generally considered to be the best bet – Las Vegas Review Journal and Las Vegas Sun are the two most popular daily newspapers, while weekly newspapers like Las Vegas Weekly and Las Vegas City Life are also available.

The Rival Dailies

The Las Vegas Review Journal

The Las Vegas Review Journal is the longest running and the largest daily newspaper in Nevada. One of its more popular sections is the gossip and celebrity column written by well known gossip guru Norm Clarke. The Las Vegas Review Journal boasts of almost 200,000 in daily circulation. It has made its mark for its Libertarian leanings and its strong political views and opinions. The Journal’s followers consist of those who are quite conservative and with Libertarian leanings as well, and those who love to keep themselves with the who’s who and what’s new in Vegas.

The Las Vegas Sun

The Las Vegas Sun has long been seen as the antithesis of the Las Vegas Review Journal. You can be sure that whatever comes out of the Journal, the Sun will always have the other side of the story. It’s almost like everyone who ones to get a clearer story of every controversy must buy both to have a balanced view. While the Journal is more conservative, the Sun is much more liberal in their ideas. That is why, much to the surprise of its readers, the Sun forged a partnership with the Journal for the distribution of their newspaper. This hasn’t affected the independence of its writers and editors however, who until today, continue to write with much passion and liberalism. The Sun’s followings are mostly the politically inclined liberals.