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Las Vegas ranked in top 20 of secondary CRE markets

Watch out Los Angeles and San Francisco. Both may be top-tier real estate markets, but other cities, including Las Vegas and Henderson, are attracting investors looking to capitalize on secondary markets whose economies were slower to rebound from the recession.

Local loan consultant appointed to new HUD committee

Linda Ayres, a loan consultant at New American Funding’s Las Vegas office, was chosen earlier this year to sit on the newly formed Department of Housing and Urban Development’s Housing Counseling Federal Advisory Committee, created to help design HUDS’ future efforts on homebuyer education.

Las Vegas ranks low in industry job

A new report from the Brookings Institution, a Washington, D.C.-based think tank, said Las Vegas ranked No. 63 out of 100 metropolitan areas in number of advanced industry jobs with 32,967. That’s a cluster of high-paying jobs in manufacturing, technology, engineering and other sectors. While the number may seem disappointing to those wanting a more diverse economy, Las Vegas is making progress. Between 2013 and the end of 2015, it grew by 3.4 percent a year in adding those jobs. That’s ranked 32nd in the nation.

Bank takes a broader approach

The financial industry has learned from the Great Recession and downturn that resulted from the real estate collapse and is better for it today. That’s the message from Nevada State Bank CEO Dallas Haun, who said the 56-year-old institution took a broader approach when it was reorganized in 2010; and that model has served it well since.

Bank of America embracing technology

It’s no secret that people are turning to digital capabilities to stay connected to their daily lives, and banking is no different. We’re seeing more customers choose to manage many of their everyday banking transactions — such as depositing checks, checking balances and transferring money — through their mobile devices, online or at ATMs.

Millenials in business for long haul, study finds

A generational divide between millennial small business owners and their older counterparts exists in their long-term commitment and the financial risks those owners are willing to take, according to the recently released Wells Fargo Millennial Small Business Owner Study.

MGM’s Murren leads way in compensation

MGM Resorts International CEO Jim Murren tops the Business Press’ executive compensation list this year, up from ninth place last year. While his $2 million base pay and bonus ranked fourth, value realized from company stock made the difference.

Look inward before starting hunt for a loan

I am often asked by business owners how to generate additional cash, beyond what their own company’s cash requirements are, to make an acquisition, expand into new territories, hire additional staff or buy a new plant and equipment. All of these growth scenarios take significant cash. Since many companies have existing debt, their borrowing capacity is often limited. Therefore, generating additional cash strengthens a company’s balance sheet permitting the company to increase its credit facility.