Category Archive : Area Living

Nearly 6-Mile Multi-Year Repaving of Las Vegas Boulevard Expected to Cause Headaches for Motorists

LAS VEGAS – The famed Las Vegas Strip is about to get a major overhaul in the form of a massive repaving, and it’s one that’s sure to create a major headache for local area drivers throughout the course of the multi-year effort, which represents a joint effort of the Las Vegas Valley Water District and Clark County.

A 5.7 mile stretch of Las Vegas Boulevard, ranging from 215 Beltway to Sahara Avenue, is going to be experiencing ongoing work beginning in June of this year, with the project expected to be finished by July of 2022, according to the Clark County Public Works department.

While the roadway will be receiving a fresh start on life, the work also opens up the opportunity for the Las Vegas Valley Water District to install new water mains in place of old ones that were sorely in need of replacement; this includes dual lines in some regions. Also, further enhancements will be added to Las Vegas Boulevard throughout the construction process; multiple improvements and upgrades to the infrastructure are slated to include technology governing pedestrian safety, new roadway medians, and the installation of new, energy-efficient LED lighting.

In addition, there are plans to add a fourth lane to the Boulevard in order to alleviate traffic congestion in the area and enhance safety as it relates to foot traffic; local pavement, officials say, is currently in poor shape, and this project is aimed at addressing it.

Clark County officials have noted that they are taking great pains to conduct the repaving and renovation work on Las Vegas Boulevard as quickly as possible. While seeking to avoid impacting or worsening local traffic congestion – an estimated 36,000 to 60,000 vehicles utilize the Boulevard on a daily basis – work will be carried out at night, between 2 a.m. and 10 a.m. on Monday through Thursday.

County officials have noted that work has been coordinated convention hall and resort owners along the Las Vegas Strip to ensure that major meetings, entertainment conventions and expos are not impacted by the repaving and other rehab work being carried out. At least two lanes in either direction are slated to remain open at all times during all phases of the project, officials say.

The construction will be carried out in five phases throughout a three-year work schedule; Phase A is estimated to cost approximately $33 million and cover the region of the roadway from Sahara to Spring Mountain Road. The complete cost of the project, including all five phases, has yet to be estimated, officials say.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS – At a recent meeting of the Economic Club of Las Vegas, economic experts predicted that the already rapidly rising property prices on the famed Las Vegas Strip could continue their upward trend well into the next decade.

John Knott, head of the CBRE Global Gaming Group, noted that heavy demand for the limited parcels of land on the Strip could translate to a mammoth value of $50 million an acre once a mass series of construction and development projects slated to begin in 2020-21 begin. This is in heavy contrast to current values which are still far below the $30 million an acre level.

Land sales have recently begun to take off on the Las Vegas Strip; before, while much of the city was held in the grip of the housing crisis, plots of land often laid unused for years at a time. But with the recovery of the real estate market and subsequent housing boom taking Vegas by storm, prices have been on the rise at levels not seen in ages. As a result, Knott’s hefty prediction which are to come near the turn of the decade are not appearing to be too far-fetched, given current conditions.

Part of Knott logic, according to reports, is dependent upon the estimated 2020-21 completion of several high-profile construction projects, such as the expansion of the Las Vegas Convention Center, as well as the opening of Resorts World Las Vegas, the Las Vegas stadium, as well as other developments that will only serve to drive up the value of any surrounding undeveloped land. Anticipation of new transportation infrastructure in order to serve these new venues on the Las Vegas Strip will also add to the asking price of any remaining property, and as plots of land are snapped up, the value of any remaining plots will continue to escalate.

In addition, as the population of Vegas continues to increase as more out-of-state residents transplant themselves here to take advantage of the very healthy job market, reports indicate there exists a possibility that the Strip may be increased in length in order to accommodate growth which could also bring additional development to areas adjacent to the Strip as well.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Southwest Las Vegas to Be Home of Massive New “UnCommons” Mixed-Use Project; Mini-City Within City

LAS VEGAS – Southwest Las Vegas will be the home to a massive new mixed-use project, combining business, retail, entertainment, and food all in one package, dubbed the “UnCommons.”

Slated to be constructed off of Durango Drive and the 215, UnCommons – once completed – will essentially be a mini-city within a city, a space where the people working there will have all their needs and amenities right at their fingertips. The point of the project, reports say, is to attract businesses and their workers to the valley to provide support once they’re there.

Developers of the UnCommons project have extensively studied similar set-ups in other states and will be one-of-a-kind in Southern Nevada, designed from the ground-up as a “Town Square” of sorts to cater to the needs of the tenants who live and work in this area. It will include various exercise studio and relaxation options, numerous food, shopping, and entertainment options, all within walking distance of both an employee’s place of work and their luxury apartment complex.

Initial plans for the project call for 150,000 square-feet of office space in conjunction with restaurants, shopping establishments, several parking garages, and 875 apartments. Developers have noted that they have had preliminary talks with several business tenants – both in Nevada and beyond – in regards to taking up space at the UnCommons facility.

Phase one of the UnCommons project – currently budgeted at approximately $400 million – is set to break ground in 2020, and as long as there are no unexpected issues, completion of construction is expected by the middle of 2021. Additional phases of the project are expected to be announced in the near future, but will likely consist of an expansion of phase one, with more apartments, retail, and business space added to the existing concept based on initial response.

The development is expected to be a boon for local area residents as well, who will be able to access the conveniently-located public retail and entertainment options built within rather than having to commute to farther areas such as Henderson for a afternoon or evening out. The project is also expected to have an impact on the cost of local homes for sale as well as traffic in the region – both which are expected to rise as a result – however, many see the positives of the UnCommons to outweigh the negatives.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS – “Livable Centers” are a recent phenomenon that ‘center’ around offering residents a variety of options which help promote and facilitate a healthy, active lifestyle; North Las Vegas’ Deer Springs district has decided that this may give their community a significant commercial boost, and to that end they are dedicating grant monies into a study to see if a Livable Center in their backyard is a good fit.

Livable Centers are vibrant, walk-able places where people can live, work, and play with less reliance on their cars. Livable Centers, with concentrations of residential and employment, support more trips by foot, bicycle, transit, or carpool. Funded via financial grants provided by the Regional Transportation Commission of Southern Nevada are intended to assist communities looking to spur local economic development; Deer Springs’ study will work with the local community to identify specific recommendations, such as pedestrian and bicycle facilities, that can help spark the potential creation of a Livable Center.

If approved, most of the construction going into the Livable Center will be new, especially considering the fact that a majority of the Deer Springs area is currently awaiting development. Local officials are hopeful that a progressive and environmentally friendly project, such as a fully-functioning Livable Center, will attract businesses, jobs, and entertainment options into the region enabling it to grow and expand and, ultimately, create an environment that will bring in more families wanting to live here.

Before the mid-2000’s recession, the Deer Springs district was home to several businesses however once the recession hit the area dried up and many businesses either closed up shop or moved elsewhere. With the recent economic boom in Southern Nevada, local developers believe there is opportunity capitalize on the upward trend exhibited in both the real estate and job markets.

The benefits of Livable Centers include:

• Less Time on the Road: By concentrating destinations, Livable Centers study areas reduce an estimated 416,541 single-occupancy vehicle trips daily.
• Employment Opportunities: From 2009-2013, Livable Centers study areas saw 17.5% job growth, outpacing the overall 8-county region’s job growth rate of 11.7%.
• Economic Impact: As of May 2015, a total of $197,041,186 in locally sponsored capital improvements had been made in Livable Centers study areas. An additional $272,146,008 are planned or programmed.

Deer Springs officials noted that they hope to complete their Livable Center study and present their findings to the North Las Vegas city council in June of this year; the report is slated to include strategies derived from the study that are intended to guide the development of the project – including transportation and other forms of access, should it be approved by officials.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – The Las Vegas Aviators, formerly known as the Las Vegas 51s and Las Vegas Stars, are a Minor League Baseball team in the Pacific Coast League (PCL) and the Triple-A affiliate of the Oakland Athletics. They are located in Summerlin, and from 1983 to 2018 they played at Cashman Field. However, beginning in 2019, the Aviators will play their home games at Las Vegas Ballpark, a new 10,000-seat facility that team representatives confirmed will indeed be ready for opening day on April 9. Well, mostly ready, anyway.

While there’s still plenty of work to be done on the facility, everything needed to play a good, old-fashioned game of baseball – namely, the field, lights, seats, and scoreboard – will be ready to go, Aviators officials said. Some fan amenities, such as a swimming pool and splash pad, might not make the cut by opening day, but are hoped to be completed soon afterward. 

The stadium will be owned by the Howard Hughes Corporation, and is located near the intersection of South Town Center Drive and West Sahara Avenue. Construction of the $150 million stadium began in 2018 and is set to feature 10,000 seats, 22 suites, a center field pool, kids’ zone, and several bars.

Work crews are currently working around the clock in order to meet their April deadline, and according to reports they are on-track to achieve that goal. And to cement that fact, the Aviators recently announced that season tickets were selling at a brisk pace and are soon looking to sell out completely, showing the intense local interest in the team and their new, state-of-the-art home.

In addition, the LED video display board at Las Vegas Ballpark has earned a unique distinction- it’s currently being heralded as the largest such screen in Minor League Baseball, coming in at approximately 4,000 square feet and featuring a 13HD pixel layout courtesy of AECOM Hunt and PENTA Building Group. In addition, the screen ranks within the top 25 out of any baseball stadium in the United States, Minor or Major League, reports say. 

The new stadium is also bringing job opportunities to the Summerlin area; the facility has recently advertised a Job Fair to be held on February 23, where they are looking to fill positions including Professional Sports Catering, Event Security, and Cleaning Personnel.

The Aviators’ opening day game – the first ever played in the new stadium – will be against the Sacramento River Cats, with 70 home games stated for the 2019 season.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – Las Vegas is home to a great many eye-catching structures and oddities, but one of the most remarkable of them isn’t eye catching at all… mainly because it’s located 26 feet underground.

The infamous “Underground House,” originally constructed by Avon founder and subterranean living enthusiast Jerry Henderson in 1979, has been officially put on the Vegas real estate market for a whopping $18 million. That’s quite a mark-up from its previous selling price in 2015 of $1,150,000, but the current owners maintain that the novelty – combined with the sheer expense involved in attempting to replicate the house’s unique design elsewhere – make the inflated price tag well worth it.
Henderson allegedly built the Underground House owing to fears over nuclear war or other catastrophes, although modern reports indicate that it would likely provide inadequate protection from a serious nuclear attack.

The above-ground portion of the Underground House – located 2.5 miles from the Las Vegas Strip – looks plain enough upon first inspection, being a simple townhouse that Jerry Henderson’s widow lived her remaining years in upon her husband’s passing in 1983. But delve into the earth below and you’ll discover a vast complex boasting five bedrooms, six bathrooms, and numerous extravagant amenities, all designed with a flashy 1970’s flair that goes the proceedings a distinctively retro-look.

Visitors to the Underground House – with the 15,000 square-foot space accessible via stairs or elevator – will find themselves greeted by a faux “outdoor” yard populated with a grass-colored carpet, artificial trees, bushes, and rocks, as well as murals on the walls and ceilings depicting the sky, horizon, and various bits of country scenery. Lights can be adjusted to represent different times of the day, and twinkling lights in the ceiling represent a starry nighttime sky.

In the center of it all is the house itself, reflecting a 1970’s design sensibility and including an elaborate bar and a kitchen with a vibrant pink color scheme. Glass panel doors, as you would normally see on a typical above-ground house leading into the backyard, separate the interior of the house from the “outdoor” area.

Speaking of the outdoor area, it is replete with a number of perks, including a pool, two hot tubs, a sauna, a dance floor, a barbecue area (complete with a picnic table and chairs), and a four-hole putting green. In addition, there is a separate guest “house” on the “property” for when visitors come calling.
Despite the 70’s design aesthetic, prospective buyers of the Underground House will be happy to know that the current owners – the mysterious Society for the Preservation of Near Extinct Species – didn’t skimp on adding modern technological aspects. Climate control is provided by eight heavy-duty air conditioning units, cell phone service is accessible via underground repeaters, and cable TV and Internet are available as well. In addition, the property has a 1,000 fresh water tank as well.

It just goes to show you that just when you think you’ve seen it all in Las Vegas, you only have to direct your gaze downward to find that there’s even more going on beneath the surface. 

Looking for relocation information on the fast-growing Las Vegas market? New home recommendations? Las Vegas apartments, condos or rental info? Please feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – The news that the famed Oakland Raiders National Football League (NFL) team would be picking up their cleats and transplanting themselves to Las Vegas rocked the sports and business world. And to coincide with their arrival in Sin City – anticipated to be in time for the start of the 2020 season – work upon their new $2 billion, 65,000-seat stadium located on a 63-acre plot of land situated between Russell Road and Hacienda Avenue began in November of 2018, generating big headlines across the nation. And since the beginning of construction, work has progressed at a steady and rapid pace, with estimates putting the completion of the project on-time and within budget.

Lost among all the hoopla of the stadium, however, is another Raiders-related construction announcement this week; one perhaps not as flashy but certainly equally as important when it comes to running the sports dynasty once it arrives in its new Las Vegas home. On January 14, ground was broken on the construction of the Raiders’ new headquarters, a cutting-edge facility located in Henderson to be built upon 55 acres of vacant land adjacent to the Executive Airport. 

The headquarters will offer 323,000 square feet consisting of advanced training and workout facilities – including three practice areas outside as well as an indoor football field as well – in addition to numerous corporate offices to house the team’s management, executives, and other personnel.

The area in Henderson surrounding the future Raiders headquarters is, according to reports, in the middle of a resurgence of development, with numerous construction projects branching out and taking shape as the region continues to benefit from the booming Vegas economy and real estate market that is attracting businesses far and wide. Rounders Grilling & Gaming, a tavern franchise offering bar food, drink specials and gaming options in a “no-nonsense setup” is in the process of creating a new location adjacent to Raiders’ headquarters, with a target date of September of this year set for their official Grand Opening; the hook for customers, they say, will be a place for Raiders fans to be able to easily and comfortably watch their new hometown team play. 

The hope, of course, is for these new businesses to latch onto the increased traffic that is sure to be attracted to the area by the arrival of both the legendary sports team’s new HQ and Raiders Stadium; this is expected to create a ripple effect that will be felt throughout many of Las Vegas’ many industries, including real estate, the job market, and the amount of tourism to the area. In fact, not only will the stadium be the new home of the Raiders, but also the University of Nevada’s football team as well, attracting professional and colligate football fans of all ages.

Indeed, 2020 is shaping up to be an exciting year for Las Vegas.

Looking for relocation information on the fast-growing Las Vegas market? New home recommendations? Las Vegas apartments, condos even area nightlife and entertainment expectations? Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – Downtown North Las Vegas, parts of which are still considered ‘depressed’ despite the economic boom taking place throughout the Southern Nevada region, is nonetheless experiencing a degree of growth in recent months that seems to be putting it on a course to intercept the reset of Las Vegas in due time. And one manner in which that growth is taking place is in the form of a new multi-million dollar entertainment complex that is sure to put the area on the map.

Maya Cinemas will be opening a new $75 million, 14-screen movie theater in front of the Silver Nugget Casino, an area of North Las Vegas that is considered economically depressed but that experts say is on the verge of a growth spurt, given the need for real estate in the area to satisfy the many new inhabitants that moving there. The opening of a new, state-of-the-art movie theater in the area, according to Maya Cinemas, is sure to serve as a catalyst for continued development in the under-served community, attracting more businesses and residents as its profile continues to improve.

In addition, local businesses are hoping that such an investment in their community will improve their fortunes as well, considering the increased foot traffic that a high-profile entertainment complex is sure to bring. Also, local residents, according to reports, are excited about finally getting a high-tech movie theater right in the heart of their very own neighborhood.

The theater, slated to open in late January of 2019, will feature luxury reclining leather seats situated in large-scale stadium seating, booming Dolby surround sound set-ups, a large arcade stocked with all the latest and greatest video games, snack counters stocked with a plethora of treats, and a cantina where grown-ups can unwind after taking in the latest blockbuster.

Maya Cinemas ownership noted that the impending opening of their theater in North Las Vegas has already attracted other merchants to the community; four restaurants and eleven retail establishments are already in the works in the immediate vicinity of the theater, all of which were drawn by the promise of new economic growth and development in the area, officials said.

Maya Cinemas is scheduled to open in North Las Vegas on Friday, January 18.

Looking for relocation information on the fast-growing Las Vegas market? New home recommendations? Las Vegas apartments, condos even area nightlife and entertainment expectations? Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – As always, the real estate market in the United States can be a highly competitive one, but when looking back at the year 2018 in review, one territory stands out clearly above all the rest as the hottest market in the county: Las Vegas, Nevada.

Based on home price growth alone, Vegas reigns supreme as the biggest housing market of the past year, and part of that status can be directly attributed to its relatively low cost of living not only when compared to much of the country – Vegas remains one of the cheaper metropolitan areas in the country to live – but especially when directly compared to its immediate neighbor: California. California boasts some of the highest home prices and cost of living in the nation, and it’s that crucial fact about its housing market that makes Southern Nevada that much more attractive not only to tourists, but to people and families looking for a new place to live that is affordable.

However, it’s not just the affordability factor that made Vegas’ real estate market so hot in 2018; a number of other factors functioning in tandem helped with that. Major job creation, coupled with diversification in multiple industries in the region, is another contributing reason. After the recovery from the housing market crash of the mid-2000’s, Vegas saw a variety of companies and businesses settle down within its borders; companies and businesses that need qualified workers, and because of that the city quickly saw an influx of new transplants from across the country, effectively kick-starting the local real estate market that has been otherwise sitting dormant for nearly a decade. With that demand, housing prices started to quickly climb in the region, although nonetheless remaining at levels comparatively lower than the much of the rest of the country.

For example, let’s compare median single-family home prices in Las Vegas to California. In the third quarter of 2018, a home in Vegas came in at approximately $294,600; when compared to the same home type in Los Angeles – $628,900 – and San Diego – $650,000 – and Orange County-Anaheim – a whopping $830,000 – it’s easy to see why Las Vegas suddenly becomes a very attractive alternative, even with its own real estate market currently on the rise.

Vegas also overtook Seattle, Washington as the king of the fastest-growing home prices, with 13 percent jump in September 2018 over the same month one year before. Vegas’ real estate market had previously peaked back in 2006 before the burst of the housing bubble, and while prices locally have recovered and grown significantly since then, they are still 20 percent below 2006 levels. If ever there was a time to buy in a rapidly-growing marketplace, now is clearly the time and Las Vegas is clearly the place.

Thinking about relocating to Las Vegas? Need some ideas on what areas fit your family best? New home recommendations? Las Vegas apartments, condos even nightlife and entertainment? Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Summerlin Developer to Construct New 14-Story Hotel Next to Las Vegas Ballpark

LAS VEGAS, NV – Even though it is currently still in the works, the upcoming Las Vegas Ballpark is already seeing satellite businesses begin to pop up around it, and one of the most prominent is being constructed by Summerlin developer Howard Hughes Corp. in the form of a new, 14-story hotel.

Las Vegas Ballpark is a baseball stadium under construction in Summerlin, Nevada for the Las Vegas Aviators of the Triple-A Pacific Coast League. The stadium site is located near the intersection of South Town Center Drive and West Sahara Avenue. Construction of the $150 million stadium began in 2018 and is expected to be completed in time for the Aviators’ 2019 season. It will serve as a replacement for the team’s previous home at Cashman Field, where the team has resided since 1983.

Howard Hughes Corp. has recently submitted plans calling for a 267-room hotel to be built on a 4.3-acre lot south of the ballpark on Pavilion Center Drive, situated across from Summerlin Mall in Las Vegas’ downtown area. According to plans submitted to Clark County – whose commissioners still have to vote on the proposal – the hotel would include various amenities for guests, such as a restaurant bar and spa located on the roof.

The hotel, if approved and built, will allow residents and tourists accommodations that allow easy local access to places such as Downtown Summerlin, the City National Arena ice rink, Red Rock Resort – a 64-acre, 796-room hotel, which would be a competitor – and, of course, the Las Vegas Ballpark itself. 

The proposed hotel would not offer gambling on the premises and would strictly offer only rooms and spa/entertainment options for guests, which Howard Hughes Corp. representatives say there is a growing demand for in Las Vegas, especially in areas located near the suburbs. The smaller size and subsequent ease of access the hotel would provide when compared to competitors would also be appealing to families and those visiting relatives in Summerlin and other nearby communities, Howard Hughes Corp. reps said. In addition, those looking to stay in a quiet, non-gaming hotel, while having the option of being able to patronize gambling establishments nearby – such as the aforementioned Red Rock Resort – would also find the proposed hotel to be appealing.

Summerlin is a wealthy master-planned community in the Las Vegas Valley of Nevada, located near the Spring Mountains and Red Rock Canyon. It is part of Clark County, takes up approximately 22,500 acres of land, and boasts a current population of nearly 100,000 residents.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – There are currently two monorail stations in the planning stages in Las Vegas, and one of them is conformed to be servicing the upcoming MSG Sphere at The Venetian facility, an appropriate melding of a futuristic transportation mode and an equally-futuristic concert facility.

Clark County has recently received plans from the developer of the project, calling for a 60-foot tall, 11,119 square-foot monorail station that will feature platforms on both sides – north and south – of the existing monorail track that passes through the 19-acre MSG Sphere site. The monorail station will provide access via a 1,100 foot-long pedestrian bridge that is also in the works, slated to connect the MSG Sphere with the Sands Convention Center.

The MSG Sphere, a joint venture between Sands Corp. and Madison Square Garden, will be a 400,000-square-foot, 18,000-seat, 360-foot-tall globe-shaped arena slated to be constructed on 63 acres of property located behind the Venetian Resort Hotel Casino on the Las Vegas Strip. A futuristic music and event venue, the MSG Sphere will feature an exterior with 36 miles of variable intensity LED lighting, enabling the structure to allow outside spectators to peer through a transparent façade to watch the concert within; at higher lighting intensities, outside vision will be obscured. Ground was broken on the project in September of 2018, with construction expected to be compete in 2021.

The construction of the monorail station is expected to incorporate painted steel, metal panels, metal guardrails, glass doors, and metal roofing, with support columns made from concrete. The current estimated price of the station is not publicly known.

A second monorail station for Las Vegas is also in the works, with a station and track extension planned to connect the MGM Grand and Mandalay Bay with the upcoming 65,000-seat Las Vegas Raiders stadium, a $1.8 billion project that is currently under construction. The price tag of this aspect of the monorail expansion is purportedly in the neighborhood of $23.6 million, and is expected to take approximately 18 months to complete once started.

Upon completion of the new stations and extensions, the Las Vegas monorail system’s track will span five miles comprised of nine stations, offering both local residents and visitors an easy and effective means of transportation to a variety of locations throughout the city, including hotels, casinos, dining, retail, and entertainment venues, in addition to all of its major convention centers and, of course, the MSG Sphere once it is completed.

Looking for relocation information on the fast-growing Las Vegas market? New home recommendations? Las Vegas apartments, condos even area nightlife and entertainment expectations? Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – In the midst of a booming economy that is drawing in both businesses and tourists at a rate not seen in years, the famed city of Las Vegas has been experiencing sweeping changes in the form of rampant construction and renovation projects that seek to expand the scope of the city’s offerings – from business to pleasure and everything in-between – to an unprecedented degree.

A number of venues related to industry event hosting have sprung up recently, with business travelers soon to be able to take advantage of the amenities of the state-of-the-art, luxury MGM Grand and Park MGM conference centers. The all-new, $130 million MGM Grand is due to open up by the end of 2018, and will feature 850,000 square feet of space spread among three stories; the remodeled Park MGM opened this past July, and boasts a number of high-tech meeting spaces.

Meanwhile, the heavy-hitter of the online world – Google – is making a major investment in Vegas, with plans to open a new data center in Henderson, scheduled to open in 2020. The facility, which would support Google services in North America such as YouTube, Gmail, and more, will potentially create 50 jobs or more; Google plans on investing $600 million into the facility over the next two decades.

Meanwhile, those visiting Las Vegas for pleasure as opposed to business have some new options for their stay as well; the Waldorf Astoria Las Vegas Hotel and Residences recently underwent a series of renovations and an overhaul to its design, and now features almost 400 guest rooms, 200 residences, and in contrast to many hotels in Vegas, does not offer gambling on the premises.

The Palms is another property that is experiencing a complete makeover to all of their luxury suites, and MGM Resorts recently announced that they will be conducting regular and ongoing renovations and redesigns to all of their properties in Southern Nevada, both on the Las Vegas Strip and off in an effort to remain competitive in a very busy and congested marketplace.

This degree of activity in Las Vegas is nothing new, but the overall scope and amount have reached a fever pitch in the last year due to the rebounding economy and real estate market in the region, following the housing bubble burst of the mid-2000’s that left the city in a financial slump for nearly a decade. But the recently-reinvigorated marketplace has proven to be attractive for big business as well as tourism, and local developers are taking notice…and sinking millions of dollars into modernizing the landscape of Vegas.

If you are considering relocating to the Las Vegas area which is experiencing huge growth and a booming job market,  give us a call at 702.376.7379 so we can answer any real estate and tenant related questions you may have.