Construction Returns to Nevada’s Industrial Market Nevada’s industrial market, which was devastated by the recession, has now recovered to the point where developers have returned to the market with “spec” projects (those built in advance of a contract or buyer). Now that 2014 year-end numbers have been tallied and evaluated, commercial real estate experts agree that the … [Read more...] about If You Build It, Will They Come?
Doug Roberts
Panattoni Development Company Acquires Industrial Space in North Las Vegas
LAS VEGAS – Doug Roberts, partner for the Nevada division of Panattoni Development Company Inc., announced the company recently closed escrow on a 103,000-square-foot industrial space in North Las Vegas. The total value of the transaction was $5,250,000. The acquired property is located at 1841 E. Craig Road in North Las Vegas. Bryan Houser with Albright Callister & … [Read more...] about Panattoni Development Company Acquires Industrial Space in North Las Vegas
A Developing State: Growing Economy Encourages New Projects
As Nevada’s economy picks up the pace, businesses are returning to Nevada and Nevada is returning to business – mostly. In Southern Nevada there’s no real wage growth, gaming revenues are down, home sales are slowing. At the same time, industrial property vacancies are dropping, flex space rents are low but flex spaces themselves are filling, and big box industrial space is … [Read more...] about A Developing State: Growing Economy Encourages New Projects
What is your favorite charity?
“Candlelighters of Southern Nevada is special to me because of the support, education, hope and advocacy they provide families of children with cancer. It’s important for these families to know they are not alone and that someone cares.” Justin Brown | Vice President Regulatory Affairs, Southwest Gas “My most compassionate feelings go out to the single-parent homeless. Our … [Read more...] about What is your favorite charity?
Henderson: Built to Suit
Henderson, now in its 61st year, has evolved into a first-rate location for companies. Today, this progressive city delivers exceptional services and amenities for businesses, living up to its moniker: the Las Vegas Valley Address for Business Success. It’s home to many nationally and regionally known enterprises; others are in the process of making it so. More than 10,000 … [Read more...] about Henderson: Built to Suit
Finding our Niche: Distribution Centers in Nevada
In an effort to diversify Nevada’s economy away from over reliance on travel and tourism, hospitality and gaming, economic development authorities throughout the state continue to work to find the perfect industries for Nevada’s business-friendly tax climate, wide-open spaces, multi-modal transportation systems and easy access to the 11 western states. In 2011, the … [Read more...] about Finding our Niche: Distribution Centers in Nevada
Special Report: City of Henderson
Honoring Past Businesses, Recognizing Present Companies & Welcoming Industries of the Future Incorporated in 1953, Henderson, Nev. was born “in America’s defense” with the building of the Basic Magnesium Plant in 1943 during World War II. The plant supplied the U.S. War Department with magnesium for munitions and airplane parts that would eventually help the United States … [Read more...] about Special Report: City of Henderson
The Logistics of Economic Recovery: The Distribution Industry in Nevada
That big-box warehouse down the street may not be the prettiest feature of the Nevada landscape surrounding you, but next time you’re driving past it, consider this: It, and other facilities like it, might just save the state’s struggling economy. Nevada is poised to become a major distribution center in the West. According to a 2011 study commissioned by the State of … [Read more...] about The Logistics of Economic Recovery: The Distribution Industry in Nevada
Industry Focus: Commercial Real Estate
While many feel that most industries in Nevada are beginning to experience small rebounds, one industry that still has a long road ahead is the commercial real estate sector. With asking rents remaining low and the large quantities of available space on the market, brokers, builders and developers continue to feel the effects of the recession. Executives representing this … [Read more...] about Industry Focus: Commercial Real Estate