Monthly Archives: May 2014

Taxable Sales Are Up

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Taxable sales jumped across Nevada in March as spending rose among restaurants and car dealers, as reported by Jennifer Robison at the Las Vegas Review-Journal: The state Department of Taxation reported Thursday that statewide sales of tangible goods totaled $4.43 billion in the month, up 7.9 percent compared with March 2013. Spending in Clark County… Read more »

McCarran Traffic Up for Eighth Straight Month

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Passenger traffic at McCarran International Airport climbed for the eighth straight month in April as 3.6 million people passed through the Las Vegas airport’s gates, according to a story by Rick Velotta at the Las Vegas Review-Journal: The Clark County Aviation Department reported Wednesday that passenger counts were 1.7 percent ahead of the number recorded… Read more »

The State of Real Money Internet Gaming in NV

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Which NV casino companies are sitting out real money Internet gambling for the time being and which are forging ahead? A few highlights from Howard Stutz’s story in the RJ yesterday: MGM Resorts is taking a “wait-and-see approach” when it comes to real money Internet gaming. MGM’s internet presence is devoted to a free-to-play casino site… Read more »

State Revenues from Gaming Win Up Over Last Year

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According to the latest report from the Gaming Control Board, Nevada’s nonrestricted gaming licensees reported a total gaming win of $852,005,476 for the month of April. For the current fiscal year (July 1, 2013 through April 30, 2014) gaming win has so far increased 1.45%. The State collected $47,894,166 in percentage fees during the month… Read more »

Dickey’s BBQ Signs $400,477 Lease

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Dickey’s BBQ signed a 7-year $400,477 lease for 2,074 square feet of retail space inside the 7-year-old Crossroads Towne Center at 6584 N. Decatur Blvd., Suite 100, in Las Vegas. Colliers International’s Chris Connell represented the lessee; Virtus Commercial’s Jeff Mitchell and Preston Abell represented the lessor, Eagle Crossroads Center LLC. The reported average rent… Read more »

Jenny Craig Signs $292,740 Lease Renewal

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Jenny Craig signed a 5-year $292,740 lease renewal for 2,380 square feet of retail space inside Whole Foods Marketplace at 7210 W. Lake Mead Blvd., Suites 4-5, in Las Vegas. Virtus Commercial’s Chris Emanuel and Sharyn Briese represented the lessee and lessor, KH Venture 3 LP, WO Marketplace LLC. The reported average rent equals $2.05… Read more »

One Summerlin Office Building to Open in October

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The Howard Hughes Corp. is constructing a nine-story Class-A office building at 1980 Festival Plaza Drive in Las Vegas. The steel-framed, glass-sheathed “One Summerlin” is anticipated to achieve LEED Silver certification from the U.S. Green Building Council. The 197,080-square-foot building will feature high-efficiency air conditioning, waste management, low-water landscaping and recycling programs. One Summerlin will… Read more »

Proposed Margin Tax Effect on an Engineering Firm

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In prior posts, we looked at the effect the proposed margin tax would have on a variety of actual Nevada businesses. Today we will look at a small engineering firm. Information is based on actual client data provided to RCG Economics by Las Vegas-based CPA firm Houldsworth, Russo & Company. Engineering Firm ……………………………………………………………………………………………………………………………………… Revenues as defined… Read more »

Clinical Pathology Laboratories Signs 5-Year Lease

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Clinical Pathology Laboratories signed a 5-year $343,584 lease for 2,386 square feet of office space inside the three-story Parkway Medical Plaza at 100 N. Green Valley Parkway, Suite 315, in Henderson. Avison Young’s Brandon McCool, Barton Hyde, and Aaron Goldberg represented the lessor, Parkway Medical LLC. The reported average rent equals $2.40 per square foot.

MVP REIT Named Roland Quast SVP

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MVP REIT Inc. named Roland Quast senior executive vice president. He will develop and support retail distribution opportunities for the company. Quast previously served as vice president of national accounts for Behringer Securities L.P.