|New labor rules to go into effect in December|
The U.S. Department of Labor’s final rule that broadens the pool of salaried employees eligible for overtime will go into effect at the beginning of December, and planning ahead could make the transition smoother for local businesses.
MGM Resorts International prioritizes sustainability
Chris Magee and Yalmaz Siddiqui are helping to sustain the environment at MGM Resorts International, working energy efficiency. Magee, a 25-year veteran of the company, has been promoted to vice president of sustainable facilities, while Siddiqui recently joined MGM Resorts as vice president of corporate sustainability.
Entrepreneur shares experiences of building PIRCH
It was a journey Jim Stuart never planned or expected to begin. The businessman, now 49, had just retired from business after successfully co-founding Colliers International Nevada. In 2008, as he turned toward purchasing appliances for his family’s new San Diego home, he experienced frustration, followed by an epiphany.
Couple plans to bring 10 ice cream stores to valley
A pair of area developers for a Provo, Utah-based franchisor of ice cream retail stores are looking to put Las Vegas in a deep freeze.
New Cybersecurity association formed
The newly launched Southern Nevada Cybersecurity Alliance (SNCA) is on a mission to help fill the supply gap of local experts in the cybersecurity field. One of the organization’s foremost goals is to educate the current and future cybersecurity workforce. According to SNCA founder Jonathan Davies, workforce studies show that by 2020 there will be a global shortage of 1.5 million cybersecurity experts.
ABC Kids Expo comes to the Las Vegas Convention Center on Oct. 18-21. The international juvenile products trade show sprawls over 1 million square feet of exhibit space.
Market demands graphic designers have skills for digital and print
Perhaps no other city in the world relies more on imagery to promote its brand than Las Vegas. Some of the people who design those images met Oct. 17-19 at the American Institute of Graphic Arts Design Conference at The Mirage.
GlassBuild America Expo held at Convention Center
In any given day on the Las Vegas Strip you can see as much glass as any building material, yet it’s an industry that is invisible to most of the U.S.. On Oct. 19-21 the industry knocked down the door of Las Vegas as Glass Build America: The Glass Window & Door Expo, which was held at the Las Vegas Convention Center.
Skill-based slot machine designer expands its Las Vegas presence
New York-based GameCo Inc., designer of a skill-based slot machine, is expanding its presence in Las Vegas with the opening of a second office and new additions to its management team in the local office, the company announced in mid-October.
Major sports merchandiser comes to North Las Vegas
Fanatics will be hiring 150 full-time employees to help with more than 300 online and offline stores, including the e-commerce business for all major professional sports leagues and three major media brands — CBS Sports, FOX Sports and NBC Sports.
Lenders cautious on new construction loans
Technology has impacted the number of bank branches. Customers can access accounts and services online, and a growing number are using their mobile phones for that purpose. This is decreasing branch demand and putting pressure on banks to reduce their number.
Local commercial real estate market posts strong gains
Demand for retail and industrial is up, flat for office
SALES OF SIGNIFICANCE Griffin Capital Corp. purchased 222,268 square feet of office space in the Southwest Corporate Campus at 6355 S. Buffalo Drive for $66.5 million. Susan Borst, Dan Doherty, Taber Thill, Ryan Martin, Chris Lane, Jerry Doty and Patti Dillon of Colliers International represented the seller, Southwest Corporate Campus LLC .
Multifamily sector sees increase in rents, occupancy rates
Las Vegas’ multifamily sector is expected to experience growth in average rents and occupancy rates through the end 2016 due to growing employment numbers and an increasing population in the valley pushing demand higher, according to a third-quarter report from Marcus &Millichap, a commercial real estate investment services firm.
Industry Q & A Dr. Jeffrey L. Cummings, director of Cleveland Clinic Lou Ruvo Center of Brain Health
Jeffrey L. Cummings, MD, ScD, is director of the Cleveland Clinic Lou Ruvo Center for Brain Health in Las Vegas, Nevada and Cleveland, Ohio. He is the Camille and Larry Ruvo Chair of the Neurological Institute of Cleveland Clinic and Professor of Medicine (Neurology), Cleveland Clinic Lerner College of Medicine of Case Western Reserve University.
ON THE MOVE
Mike Nigro on basketball, football and Spago
Q: What you reading? A: “When Breath Becomes Air” by Paul Kalanithi