Commercial real estate (CRE) has seen many interesting shifts in recent years. From reduced office usage to rising industrial rates, brokers have had to become quick to adapt to changing market conditions. Recently, brokerage executives met to discuss their industry and the outlook for CRE in Nevada. Shannon Scholten-Adams, vice president of Nevada Business Magazine, served … [Read more...] about Industry Focus
Aaron West
NVO Construction Hires Industry Veteran Aaron West as Chief Strategy Officer
Reno, Nev. – Reno-based NVO Construction (NVO), a disruptive startup revolutionizing the home construction industry, announced it has hired industry veteran Aaron West to serve as its first Chief Strategy Officer. West joins NVO after serving as CEO of the Nevada Builders Alliance (Nevada Builders) for nearly a decade; he will join the fast-growing start-up company to help … [Read more...] about NVO Construction Hires Industry Veteran Aaron West as Chief Strategy Officer
Industry FocusCommercial Brokers
Two years into the pandemic, the commercial real estate (CRE) industry has undergone several changes and leaders in the field are learning that flexibility is key. Although, each submarket was affected differently by COVID the outlook from leaders is positive. Recently, executives representing CRE in Nevada met virtually in a roundtable, sponsored by City National Bank, to … [Read more...] about Industry Focus
Industry FocusBuilders & Developers
As most industries recover from the impacts of the COVID pandemic, builders and developers are still facing challenges with the supply chain, workforce issues and market uncertainty. In spite of those challenges, industry leaders are forging ahead in shaping Nevada’s skylines. Recently, builders and developers met in a virtual roundtable, sponsored by City National Bank, to … [Read more...] about Industry Focus
Industry FocusSubcontractors
What happens in Nevada’s commercial development industry usually filters down to commercial subcontractors. And there has been a multitude of headaches for subcontractors in the last year and a half with supply inflation and labor shortages. Executives from this industry recently met in a virtual roundtable, sponsored by City National Bank, to discuss what comes next for … [Read more...] about Industry Focus
Colliers | U.S. Adds Respected Leader in Las Vegas
Las Vegas, Nevada – Colliers | U.S. today announced that Aaron West has joined the company as Managing Director and Market Leader in Las Vegas. “Colliers offers an unmatched entrepreneurial culture and world-class service for our clients,” West said. “The firm’s enterprising platform and nimble structure allow its professionals necessary latitude to deliver superior results … [Read more...] about Colliers | U.S. Adds Respected Leader in Las Vegas
Last WordWhat is Your Prediction on Nevada’s Housing Market?
Brad Spires 2021 PresidentNevada Realtors “The housing market has been a bright spot in an otherwise bleak economy. I think we’ll continue to see strong sales and increasing home prices in 2021, though maybe not at the surprisingly strong pace we saw during the second half of 2020.” Adrienne Allen Head of Real EstateHomie “For 2021, home prices will … [Read more...] about Last Word
Economic Forecast 2021Recovery vs. Recession
February 2020: Nevada’s economy was at a peak. Unemployment stood at 3.6 percent. The state led the nation in new job creation. March 2020: Governor Sisolak ordered all nonessential businesses to close and Nevada entered the worst recession since 2008. In two months, 280,000 Nevadans lost jobs. The COVID-19 recession was a faster, larger drop than the Great Recession, … [Read more...] about Economic Forecast 2021
Commercial Builders in NevadaWeathering the Storm
Nevada’s commercial builders — the companies that build about everything except single-family houses — weathered the first months of the COVID-19 pandemic in passably good shape. But, questions linger about how well the industry will fare if the state’s economy remains weak into the early days of next year. After some bumps during the worst of the pandemic’s early days, most … [Read more...] about Commercial Builders in Nevada
Building the FutureWhere Technology and Commercial Real Estate Meet
Design, build, use: that’s the life cycle of commercial real estate (CRE) buildings. Technological advances are changing the way things are done in every industry. For commercial real estate, the changes are apparent in every step, from surveying a site to leasing the building. Even the way tenants utilize the space once they’re in those buildings has changed. Technological … [Read more...] about Building the Future
Last WordWhat is your Biggest Fear and How do you Overcome it?
Scott Seastrand Vice PresidentWestern Elite“My cautions are to avoid panic by planning. The fear then is not being prepared enough for the certain changes in business or for the economic swings that naturally occur, or world events that impact all of us. I look ahead and around the corner and play out various changes in the business cycle so that I am able to plan for the … [Read more...] about Last Word
Industry FocusBuilders & Developers
In many ways the commercial real estate industry is thriving. While the industry isn’t facing the issues it was during the recession, builders and developers are facing and adapting to a new set of challenges. Recently, executives representing builders and developers in Nevada met at the Las Vegas office of City National Bank to discuss building and development … [Read more...] about Industry Focus
Pamela Duxbury Joins The Builders Alliance as Outreach Coordinator
Pamela Duxbury has joined The Builders Alliance as Outreach Coordinator. In this role, Duxbury will focus on Construction Workforce Development as well as coordinating activities with local non-profit organizations. A Reno native with a Bachelor’s Degree in Journalism from the University of Nevada-Reno, Duxbury has worked in the advertising/marketing field and is Past … [Read more...] about Pamela Duxbury Joins The Builders Alliance as Outreach Coordinator
Morgan Rubenacker Joins The Builders Alliance as Marketing Director
Morgan Rubenacker has joined The Builders Alliance as the Marketing Director. In this role, Rubenacker is in charge of the website content and blog, social media management, public relations, and event planning. Morgan is a recent Reno transplant from Illinois. She has a Bachelor’s Degree in Marketing from Western Illinois University, and prior to joining the Builders … [Read more...] about Morgan Rubenacker Joins The Builders Alliance as Marketing Director