At the height of the pandemic, industrial real estate was at a premium. With everyone everywhere buying everything online, warehouses, distribution systems and logistics centers were in high demand. So was land zoned for industrial use and infill spaces that could be converted. Simultaneously, the demand for office space reduced as remote work replaced commuting to the office. … [Read more...] about Shifting Supply and Demand
Building Nevada
Utilities in NevadaCRE, Growth and Environmental Concerns
In the last year, Nevada’s population has steadily increased. The more people living and working in Nevada, the more buildings need reliable access to utilities. This is where Nevada utilities and commercial real estate (CRE) go hand in hand. Addressing these needs for locals and new Nevadans alike requires meticulous planning, teamwork and creativity. The Role of Utilities in … [Read more...] about Utilities in Nevada
Everybody Has to Live SomewhereMultifamily Properties in Nevada 2025
Between 2019 and 2024, Las Vegas grew by 105,000 new residents, and Reno by 88,000. Mortgages hit their highest level since 2000 as interest rates soared. Single-family home sales dropped 13 percent in northern Nevada between 2023 and 2024, and single-family home prices jumped 19 percent in southern Nevada. Inventory of homes grew as prices rose, but so did the population—there … [Read more...] about Everybody Has to Live Somewhere
Architects & EngineersA Dynamic Duo
Architects and engineers work together to design and implement their clients’ vision creating beautiful and structurally sound projects. But, who are they and what do they do? Architects have been around for a while. Paul Steelman of Steelman Partners shared, “Architects have always been responsible for creating various buildings and projects within the built … [Read more...] about Architects & Engineers
Back to the WorkplaceOffice Market Update
As Nevada companies move away from the work-from-home model and return to more traditional in-office work, will they find enough quality space to fill their needs? Commercial real estate experts in both major urban areas believe supply, especially in Class A product, will be increasingly tight in 2025, causing vacancy rates to decrease and rents to rise in response to the … [Read more...] about Back to the Workplace
Update on Master Planned Communities in Nevada
Master planned communities, frequently referred to as MPCs, have been popular since the 1960s, but they are constantly evolving to meet changing market conditions and homebuyer preferences. More than just a collection of neighborhoods, larger MPCs can have all the amenities of a small, self-contained town, often including parks, restaurants and shops, and even schools and fire … [Read more...] about Update on Master Planned Communities in Nevada
Investing in the FutureCommercial Real Estate Investment in Nevada
There are five types of commercial real estate investment properties: office, industrial, retail, multifamily, and the niche market of hotel or hospitality properties. There are a handful of other products, but those are the most common for investors to take interest in. There are also different types of commercial real estate (CRE) investors. "You have investors … [Read more...] about Investing in the Future
Everything’s Waiting for YouWandering Around Nevada’s Downtowns
A railroad. A river. A watering hole in the desert. The one place for commerce in a nascent city. The origin of Nevada downtowns is as varied as its cities that sprang up because of mining, or a railroad, or a river. Industries in downtowns build out from the core, expanding into new areas of city. Similar businesses follow, suppliers locate nearby, residents … [Read more...] about Everything’s Waiting for You
SubcontractingHands-on in the Trades
In the contracting world where a single project requires a team of workers across a variety of trades, subcontractors play the foundational role of hands-on creators transforming a plan from idea into the world of reality. A project’s overarching process helps clarify the roll of the subcontractor. Bret Loughridge, president of SR Construction, a Las Vegas-based general … [Read more...] about Subcontracting
Building NevadaRetail’s Recipe for Success Might Lie Within the Consumer
The retail landscape is growing in Nevada with new shopping centers under construction and existing ones adding fresh stores and restaurants to their tenant mix. As consumers’ needs and purchasing behaviors continue to evolve, developers and retailers are responding with environments conducive to today’s shopper. “To succeed, stores must look at shoppers as individuals … [Read more...] about Building Nevada
Industrial Projects Transforming Nevada
Industrial projects at both ends of the state, especially big-box warehouse and distribution facilities, are playing a pivotal role in diversifying Nevada’s tourism-dependent economy. Large tracts of empty land are being transformed into industrial parks and high-tech hubs that increasingly attract out-of-state companies seeking proximity to West Coast markets without high … [Read more...] about Industrial Projects Transforming Nevada
MultifamilyCommercial Real Estate
Multifamily dwellings can be found in high numbers throughout every major city in America and Nevada is no exception to this rule. Choosing to rent a home instead of purchasing a home can result from a variety of different circumstances. These reasons can be income driven, lifestyle preference or it could simply be a timing issue where an apartment is quicker to settle into for … [Read more...] about Multifamily
Transforming Nevada’s TransportationKeep on Truckin’
Nevada continues to grow year after year with more than 75,000 people becoming Nevadans since 2019. While these residents are a welcomed boost to the already thriving economy of Nevada, it is necessary to begin adjusting for what that size of an increase means. The additional annual surge of people means more cars are added to the highways, more flights in the air and more … [Read more...] about Transforming Nevada’s Transportation
Nevada UtilitiesPowering the Silver State
A compact fluorescent lightbulb, natural gas personified, and a lightning bolt introduce the Public Utility Commission of Nevada's (PUCN) children’s handbook full of activities and information for young students interested in learning “to be energy efficient and conserve energy.” This pamphlet full of coloring images, fast facts, and fun puzzles furthers the mission of PUCN to … [Read more...] about Nevada Utilities
Engineering in NevadaBuilding the Foundations
Nurses and teachers receive widespread approbation for their contributions to society. Rightly so. Another group, however, rarely receives such accolades while their work reaches to the very foundations of our society: engineers. “I think engineers are unsung heroes. They’re at least unknown heroes in our communities. Very few people realize that engineering touches every … [Read more...] about Engineering in Nevada