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
Andrew Ciarrocchi
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
Nevada’s Office MarketFlight to Quality
Although the office market in Nevada has been battered by rising construction costs and a high interest-rate environment, experts agree that Class A properties offering the right combination of lifestyle amenities and desirable locations can be successful in this challenging market. Defying the odds by adjusting to market conditions is what successful office developers have … [Read more...] about Nevada’s Office Market
The Rise of Experiential-Based Retail in NevadaChallenges and Opportunities
It’s no secret that the face of retail has changed significantly over the past 10-plus years. Gone are the days of cluttered clothing racks, the pandemic made online shopping boom. But don’t discount brick-and-mortar businesses just yet. In-store shoppers want something more than traditional retail, and developers are thinking creatively about how to get people on their … [Read more...] about The Rise of Experiential-Based Retail in Nevada
A Tale of Two CitiesRetail Commercial Real Estate in Nevada
“Retail commercial real estate (CRE) in Nevada is a tale of two cities, really,” said Chris Richardson, CCIM, director, Logic Commercial Real Estate. “On the one hand, I have never seen such demand for new drive-through restaurants in good areas. It seems like everyone is expanding and some quick serve restaurants that never incorporated drive-through before are starting to … [Read more...] about A Tale of Two Cities
Transformers: Retailers Change Tactics
To attract a new generation of shoppers and keep up with competition from online retailers, Nevada shopping malls are transforming into “mixed-use lifestyle centers” and encouraging their tenants to profit from online shopping instead of fighting it. Their tactics seem to be working, as mall owners report record numbers of shoppers and few vacancies. Malls’ success … [Read more...] about Transformers: Retailers Change Tactics
Derek Wedgeworth and Monique Clements Join the Howard Hughes Corporation Leadership Team at Downtown Summerlin
Retail Destination Hires Top Industry Professionals LAS VEGAS – The Howard Hughes Corporation (NYSE: HHC) announced the hiring of Derek Wedgeworth and Monique Clements as Assistant General Manager and Marketing Director for Downtown Summerlin, respectively. The new leadership team will be responsible for the continued growth of the 106-acre, 1.6 million-square-foot property, … [Read more...] about Derek Wedgeworth and Monique Clements Join the Howard Hughes Corporation Leadership Team at Downtown Summerlin
Find Out What’s Hot in Back-to-School Fashion as Downtown Summerlin Presents “Geek Chic”
July 25 Event to Include Fashion Shows, Entertainment, Giveaways and More LAS VEGAS – Enjoy a day of fun, fashion and back-to-school savings at “Geek Chic,” the first back-to-school event to be held by the The Howard Hughes Corporation at Downtown Summerlin, scheduled for Saturday, July 25, from noon to 7 p.m. Camouflage prints, grunge, flannel, biker inspired leather and … [Read more...] about Find Out What’s Hot in Back-to-School Fashion as Downtown Summerlin Presents “Geek Chic”
The Retail Market: Recovering with Measured Expectations
With a New Year upon us, real estate brokers and developers are dampening their expectations for the retail market in Nevada over the next couple of months and for the rest of 2015. Nevertheless, all of them see positive trends for the market and some reason to remain optimistic. “We are clearly in a recovery,” said Brendan Keating, principal with The Equity Group in Las … [Read more...] about The Retail Market: Recovering with Measured Expectations