It's no secret: Nevada has been booming. With building and development, and a growing population. Residential construction can't keep up with population influx. Industrial real estate has gone through cycles of too much inventory to periods where development authorities are begging for spec buildings. Retail building is ramping up in the wake of COVID, shoppers … [Read more...] about Growing Forward
Nevada Builders Alliance
Industry FocusBuilders & Developers
Despite rumors of a looming recession, construction zones seem to be on every corner throughout Nevada. And while this surely signifies growth for the Silver State, builders and developers are facing serious challenges. They grapple with a scarcity in workforce, strict regulations and challenges in financing. And yet, despite these challenges, the experts are … [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
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
Around the State: August 2017
Southern Nevada Communities Rank Among Nation’s Top Ten According to a report by RCLCO Real Estate Advisors, Summerlin in Southern Nevada ranked 7th among the nation for the best selling master-planned communities. Sales have been strong for the community in the first half of the year, Summerlin topped last year’s numbers by 28 percent. Since the list debuted in 1994, … [Read more...] about Around the State: August 2017
Nevada Builders Alliance, Clark & Associates Partner to Provide Benefits, HR Services
RENO – The Nevada Builders Alliance has partnered with Clark & Associates and Solutions at Work to provide a full suite of cost-effective employee benefits and human-resources services to members of the Builders Alliance. “This innovative agreement allows builders of all sizes to cost effectively offer employee benefits that are competitive to those provided by large … [Read more...] about Nevada Builders Alliance, Clark & Associates Partner to Provide Benefits, HR Services