July 17, 2018 | Las Vegas Review-Journal | Bailey Schulz
If you build it, they will come.
Construction of the first innovation building of the Harry Reid Research and Technology Park at UNLV is officially underway. The university hopes the park will draw more tech-focused businesses to Las Vegas.
The four-story, 115,000-square-foot building is expected to be completed next spring and cost around $30 million. Developers said they are still finalizing when the entire park, which will have up to 12 buildings, will be completed.
July 10, 2018 | Las Vegas Review-Journal | Eli Segall
Applied Analysis hired a former Nevada economic development official to run its new Reno office.
The Las Vegas-based consulting firm announced Tuesday that Cory Hunt, former deputy director of the Governor’s Office of Economic Development and senior policy analyst for Gov. Brian Sandoval, would oversee its Northern Nevada outpost.
June 13, 2018 | Brisbane Times | Caden Helmers
Las Vegas: Finally, the Raiders are set to play in a brand new stadium in the heart of the city.
No, not the Canberra Raiders. The Oakland Raiders, who are set to relocate to Las Vegas for the 2020 NFL season and play out of a brand new, 65,000 seat, $1.84 billion stadium with a retractable roof a short walk away from the strip.
The franchise will become the Las Vegas Raiders and reap the rewards of having a state of the art venue a short walk from the centre of one of the busiest boulevards on the globe.
It is a concept the Canberra Raiders and ACT Brumbies have been dreaming of for years with crowds dropping at Canberra Stadium, which effectively sits in the middle of a ghost town and boasts no game day atmosphere.
The Brumbies are in danger of posting one of their worst season average attendance numbers in the Super Rugby club's history while Canberra's crowd figures have dropped off during the NRL season.
May 19, 2018 | Las Vegas Review-Journal | Bailey Schulz
One of the starkest differences California native Lydia High noticed when she moved to Las Vegas 15 years ago was in her hiring pool.
Back in Los Angeles, most candidates could easily check off all the required skill sets for her accounting business. Her biggest concern was finding someone who would fit in with the company’s environment.
“It was very difficult to find qualified employees.”
It still is, she said.
High and many other small-business owners in Nevada have hit a wall finding employees with the right skill sets. A 2018 survey by Nevada State Bank and Applied Analysis found more than two-thirds of businesses find it somewhat or very difficult to recruit qualified candidates. The state’s education system and a lack of economic diversification may be at fault, experts say.
May 17, 2018 | KNPR | Casey Morell
There is no question that California is an attractive place to live: beautiful weather, amazing coastline, glamorous jobs.
But because a lot of people want to live in the Golden State, the price of housing has skyrocketed -- pushing many people out. Those that were pushed out are ending up in Nevada, and in Las Vegas in particular.
A recent report by Applied Analysis found 4.9 people on average move to Las Vegas every hour, according to the Las Vegas Review-Journal; of those people, 34 percent are from California.
May 16, 2018 | KNPR | KNPR News Staff
Report: Nevada Population Boom 3X National Average
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May 16, 2018byKNPR News Staff
The population expansion in Nevada over the last year was nearly three times the national average and Las Vegas has the second fastest-growing population rate in any state.
That’s according to Jeremy Aguero with Applied Analysis, who spoke Tuesday at the Las Vegas Global Economic Alliance’s Perspective event.
Aguero said that 4.9 people on average move to Las Vegas every hour.
May 15, 2018 | 13 Action news | Yasmeen Hassan
LAS VEGAS (KTNV) - Over the next three to five years, the Las Vegas Convention and Visitors Authority is anticipating 15,000 new rooms on Las Vegas Boulevard. The Drew, Resorts World, and the MGM Sphere are already in the works. Before more tourists make their way here, Clark County is already preparing.
"In the very short term, we've got a couple things we've done. One, we implemented an increase in the sales tax for law enforcement which covers also The Strip. The money that's generated on The Strip will be spent on The Strip to add more law enforcement officers on The Strip," Clark County Commission Chair Steve Sisolak said.
May 09, 2018 | Las Vegas Review-Journal | Herb Jaffe
The short of it is that the supply of houses for sale in and around Summerlin has been nowhere near meeting the overwhelming demand. As a result, values of homes have been soaring through their roofs.
In a nutshell, property in Summerlin — which, ironically was labeled a desert wasteland as recently as the mid-1950s and which sold then for as little as $2 and $3 an acre — is now among the hottest real estate commodities in the nation. That was what Howard Hughes, the wealthy eccentric of yesteryear, paid the federal government for much of the nearly 25,000 acres we now know as Summerlin.
But according to SalesTraq, the real estate arm of Applied Analysis, the highest median sales prices for homes in the Las Vegas Valley are being recorded in Summerlin. Applied Analysis is a major Nevada economic research and analysis firm.
April 30, 2018 | Las Vegas Sun | Mick Akers
A major boxing match on the first weekend of May has become a tradition in Las Vegas, bringing excitement to Strip’s Cinco de Mayo festivities and helping provide a notable boost to the economy.
But a scheduled bout for May 5 between middleweights Gennady Golovkin and Saul “Canelo” Alvarez was canceled, meaning there won’t be a marquee fight in the boxing capital of the world on arguably the sport’s most important weekend. T-Mobile Arena has no plans to fill the date, according to Scott Ghertner, executive director of public relations for MGM Resorts.
Resorts could feel the effects because fans who booked stays for the fight weekend are likely to cancel their reservations. But because of Cinco de Mayo’s popularity there is some uncertainty to what extent the fight cancelation will affect hotel occupancy and other industry performance metrics, said Jeremy Aguero, lead principal at Applied Analysis.
April 23, 2018 | News 3 LV | Denise Rosch
LAS VEGAS (KSNV) — Renter Marlin Dart has lived in Southern Nevada since he was 6 years old, and he has seen it all.
Dart knows first-hand that the apartment rental business is red hot, but his Green Valley neighborhood, he believes, is worth it.
"Before they were going up about $50 every lease, but the last one jumped $200 on the last lease," says Dart.
According to Applied Analysis, apartment rental rates are up more than 23-percent in the past six years. The average one-bedroom unit is currently averaging $882, and a two-bedroom apartment is $1,066.