NVBEX https://nevbex.com Serving The A/E/C Industry Tue, 30 Sep 2025 00:02:10 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.3 https://nevbex.com/wp-content/uploads/2025/01/cropped-Website-Icon-01-1-32x32.png NVBEX https://nevbex.com 32 32 Industry Professionals 09-30-25 https://nevbex.com/2025/09/30/industry-professionals-09-30-25/ https://nevbex.com/2025/09/30/industry-professionals-09-30-25/#respond Tue, 30 Sep 2025 15:00:00 +0000 https://nevbex.com/?p=84904 Giving Back 1. Volunteers worked with the Bureau of Land Management on Sept. 20 to repair the main access road at Logandale Trails as part of National Public Lands Day. The effort addressed ruts, potholes and crumbling edges on the stretch between the first picnic area and the first wash. 2. MC Companies held its fourth annual Volunteer Day on Sept. 10, with employees across Ariz., Nev. and Texas supporting local food banks and nonprofits. Teams prepared and distributed thousands of meals and food boxes, including 1,021 kids’ meals in Las Vegas. The initiative is part of the company’s Sharing the Good Life Foundation. Boards & Commissions 3. Danielle Casey, President & CEO of the Las Vegas Global Economic Alliance, has been named Chair of the International Economic Development Council’s Board of Directors for 2026. Casey has worked in economic development for more than 20 years and will serve the board for two years before she is up for reelection. New Hires 4. Christy George has rejoined Dickson Realty, where she began her real estate career in 2005. George has more than 30 years of experience spanning escrow, title and residential sales. 5. Frame Architecture has hired: 6. Broadbent & Associates, Inc. announced the addition of Jeffrey Johnson as Associate Hydrogeologist. Johnson has more than three decades of expertise in hydrology, water resource planning and environmental compliance.

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Giving Back

1. Volunteers worked with the Bureau of Land Management on Sept. 20 to repair the main access road at Logandale Trails as part of National Public Lands Day. The effort addressed ruts, potholes and crumbling edges on the stretch between the first picnic area and the first wash.

2. MC Companies held its fourth annual Volunteer Day on Sept. 10, with employees across Ariz., Nev. and Texas supporting local food banks and nonprofits. Teams prepared and distributed thousands of meals and food boxes, including 1,021 kids’ meals in Las Vegas. The initiative is part of the company’s Sharing the Good Life Foundation.

Boards & Commissions

3. Danielle Casey, President & CEO of the Las Vegas Global Economic Alliance, has been named Chair of the International Economic Development Council’s Board of Directors for 2026. Casey has worked in economic development for more than 20 years and will serve the board for two years before she is up for reelection.

New Hires

4. Christy George has rejoined Dickson Realty, where she began her real estate career in 2005. George has more than 30 years of experience spanning escrow, title and residential sales.

5. Frame Architecture has hired:

  • Jake Henderson as Project Coordinator, with more than nine years of experience in public and private sector planning and architectural firms;
  • Stephen Stumpf as Senior Architect, who has more than 25 years of experience on public and private projects nationwide and
  • Paola Ramirez as Marketing/Admin Assistant, who will utilize her experience in content creation, social media and campaign development. She also serves as programs chair for Ad2 Reno.

6. Broadbent & Associates, Inc. announced the addition of Jeffrey Johnson as Associate Hydrogeologist. Johnson has more than three decades of expertise in hydrology, water resource planning and environmental compliance.

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Carson City Planning Commission Considers Abandonment for LCB Office Buildings https://nevbex.com/2025/09/29/carson-city-legislative-office-project/ https://nevbex.com/2025/09/29/carson-city-legislative-office-project/#respond Mon, 29 Sep 2025 15:00:00 +0000 https://nevbex.com/?p=84893 The Carson City Planning Commission recently considered recommending approval of the abandonment of 28.5KSF to make way for the Legislative Counsel Bureau’s proposed two-building office complex and garage. The development is currently labeled as the Carson City LCB Project. If fully approved, it will be constructed on a 3.1-acre site between East 5th and East 7th streets with Plaza Street frontage. US Geomatics is the applicant. The Legislative Counsel Bureau and the State of Nevada are listed as property owners. Tectonics Design Group is serving as the architect of record, with Ethos Three Architecture as the design architect. GCW completed a traffic study regarding the development. (NVBEX, Aug. 4) The development, according to the staff report, would consist of 89.3KSF of office space in a three-story building, a four-story parking garage fitted with 609 spaces, and a two-story, 13.3KSF facilities and operations building. The project was previously estimated to cost $138M. This consists of $116M for the office annex and $22M for the garage and operations building. Funding will be provided under Senate Bill 502. The abandonment will, if approved, abandon portions of East 6th Street and South Fall Street between 333 E. 5th St. and 201 E. 6th St. Additionally, the 10-foot-wide alley that bisects the parcel at 201 E. 6th St. would be abandoned. The abandonment seeks to combine the two parcels to properly serve the planned office buildings. Most recently, a Special Use Permit was approved for the development by the Carson City Planning Commissionon July 30. If the Planning Commission recommends approval, the abandonment will next appear before the Carson City Board of Supervisors. Project representatives said they will be moving forward with this project as quickly as possible. The development will likely break ground early 2026.

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The Carson City Planning Commission recently considered recommending approval of the abandonment of 28.5KSF to make way for the Legislative Counsel Bureau’s proposed two-building office complex and garage.

The development is currently labeled as the Carson City LCB Project. If fully approved, it will be constructed on a 3.1-acre site between East 5th and East 7th streets with Plaza Street frontage. US Geomatics is the applicant.

The Legislative Counsel Bureau and the State of Nevada are listed as property owners. Tectonics Design Group is serving as the architect of record, with Ethos Three Architecture as the design architect. GCW completed a traffic study regarding the development. (NVBEX, Aug. 4)

The development, according to the staff report, would consist of 89.3KSF of office space in a three-story building, a four-story parking garage fitted with 609 spaces, and a two-story, 13.3KSF facilities and operations building.

The project was previously estimated to cost $138M. This consists of $116M for the office annex and $22M for the garage and operations building. Funding will be provided under Senate Bill 502.

Credit: Tectonics Design Group/City of Carson City
Credit: Ethos Three Architecture/City of Carson City

The abandonment will, if approved, abandon portions of East 6th Street and South Fall Street between 333 E. 5th St. and 201 E. 6th St. Additionally, the 10-foot-wide alley that bisects the parcel at 201 E. 6th St. would be abandoned.

The abandonment seeks to combine the two parcels to properly serve the planned office buildings. Most recently, a Special Use Permit was approved for the development by the Carson City Planning Commissionon July 30.

If the Planning Commission recommends approval, the abandonment will next appear before the Carson City Board of Supervisors. Project representatives said they will be moving forward with this project as quickly as possible. The development will likely break ground early 2026.

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City of Sparks Exploring Data Center Regulations https://nevbex.com/2025/09/27/sparks-data-center-regulations/ https://nevbex.com/2025/09/27/sparks-data-center-regulations/#respond Sat, 27 Sep 2025 19:00:00 +0000 https://nevbex.com/?p=84890 The Sparks City Council will likely approve a moratorium on data centers during its next meeting to explore new regulations to implement. Council unanimously voted to explore the addition of zoning, water, noise, lighting and other potential requirements during its Sept. 22 meeting. A moratorium on data centers has been added to the next meeting agenda. City representatives said Northern Nevada is quite popular for data centers due to the dry climate, lack of natural disasters, cheap land and tax incentives. Sparks officials are concerned that costs related to data centers will negatively impact locals. City code currently only requires data centers to undergo an administrative review. Data centers do not have to undergo public hearings or public reviews. Staff is exploring different zoning areas to apply to data centers, as well as what public review processes data centers should be subject to. Sparks officials also stated they will reach out to other jurisdictions to better grasp how data centers can affect a city. Councilmember Dian VanderWell said NV Energy promised that data center-related infrastructure costs would not be passed on to the consumers. City Council will hold its next meeting on Oct. 13. The City of Sparks is currently taking comments via email at cityclerk@cityofsparks.us. Comments are due 12:30 p.m. on the day of the meeting. (Source)

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The Sparks City Council will likely approve a moratorium on data centers during its next meeting to explore new regulations to implement.

Council unanimously voted to explore the addition of zoning, water, noise, lighting and other potential requirements during its Sept. 22 meeting. A moratorium on data centers has been added to the next meeting agenda.

City representatives said Northern Nevada is quite popular for data centers due to the dry climate, lack of natural disasters, cheap land and tax incentives.

Sparks officials are concerned that costs related to data centers will negatively impact locals. City code currently only requires data centers to undergo an administrative review. Data centers do not have to undergo public hearings or public reviews.

Staff is exploring different zoning areas to apply to data centers, as well as what public review processes data centers should be subject to. Sparks officials also stated they will reach out to other jurisdictions to better grasp how data centers can affect a city.

Councilmember Dian VanderWell said NV Energy promised that data center-related infrastructure costs would not be passed on to the consumers.

City Council will hold its next meeting on Oct. 13. The City of Sparks is currently taking comments via email at cityclerk@cityofsparks.us. Comments are due 12:30 p.m. on the day of the meeting. (Source)

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Las Vegas Construction Costs See 4.85% Q3 Annual Change https://nevbex.com/2025/09/27/las-vegas-construction-costs-q3-2025/ https://nevbex.com/2025/09/27/las-vegas-construction-costs-q3-2025/#respond Sat, 27 Sep 2025 15:00:00 +0000 https://nevbex.com/?p=84884 Construction costs and market fluctuations are combining to create a market picture of surface stability with uncertain undercurrents. According to the Rider Levett Bucknall Q3 2025 Quarterly Construction Cost Report, the U.S. Department of Commerce reported construction put in place in July was estimated at $2.14T. While healthy, that total was 0.1% less than the revised June estimate and 2.8% less than the July 2024 revised estimate of $2.20B. In terms of general market data, the U.S. Gross Domestic Product saw a percent change of 3% over the quarter, after having fallen 0.5% in Q2. The Consumer Price Index rose slightly to 322.6, having started the quarter at around 320. After a strong rebound in May, the Architectural Billings Index fell slightly in both June and July, settling at around 47. While national unemployment edged up slightly in Q2 to slightly more than 4%, construction unemployment dropped, falling from around 5.5% in Q1 down to roughly 3.8% in Q2. Las Vegas vs. Other Markets RLB tracks annual percent changes in construction costs on a quarterly basis for 17 markets around the U.S. For Q3, Las Vegas saw the third-largest gain, rising 4.85%. Chicago saw the greatest gain at 5.41, followed closely by Honolulu at 5.40. New York was near the bottom with a gain of 3.74%, with the bottom two reported as Minneapolis at 3.5% and Austin at 2.36%. Market Trends In his commentary introducing the report, RLB President for North America Paul Brussow said of the currently complex state of affairs, “While national averages point to moderation, local dynamics—from labor shortages to mega-project demand—are reshaping the landscape in ways owners can’t afford to ignore.” He noted expected rate cuts from the Federal Reserve should encourage lenders to put more money in the field, freeing momentum for stalled projects across the country. Brussow also expressed optimism because valuations have remained strong, indicating owners have kept their confidence in construction’s fundamentals. “For owners,” he said, “this is more than a headline; it’s a call to examine whether strategic partnerships, recapitalization, or joint ventures might unlock new avenues of growth, innovation, or resilience.” Brussow expressed caution regarding the ongoing labor shortage and current market and social conditions. He stressed owners need to invest in workforce development and targeted training to increase both the supply and quality of the workforce. He also highlighted the current uncertainty economic policy has introduced and expanded, focusing particularly on tariffs, supply chain disruptions and “shifting labor dynamics,” all of which “contribute to cost swings that static budgets cannot absorb.” Brussow cautioned, “Owners who continue to rely on fixed assumptions risk exposure. Instead, cost certainty comes from flexibility: rolling forecasts, scenario planning, and early procurement strategies.” His recommendations for future-proofing construction efforts included:

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Construction costs and market fluctuations are combining to create a market picture of surface stability with uncertain undercurrents.

According to the Rider Levett Bucknall Q3 2025 Quarterly Construction Cost Report, the U.S. Department of Commerce reported construction put in place in July was estimated at $2.14T. While healthy, that total was 0.1% less than the revised June estimate and 2.8% less than the July 2024 revised estimate of $2.20B.

In terms of general market data, the U.S. Gross Domestic Product saw a percent change of 3% over the quarter, after having fallen 0.5% in Q2. The Consumer Price Index rose slightly to 322.6, having started the quarter at around 320.

After a strong rebound in May, the Architectural Billings Index fell slightly in both June and July, settling at around 47.

While national unemployment edged up slightly in Q2 to slightly more than 4%, construction unemployment dropped, falling from around 5.5% in Q1 down to roughly 3.8% in Q2.

Las Vegas vs. Other Markets

RLB tracks annual percent changes in construction costs on a quarterly basis for 17 markets around the U.S.

For Q3, Las Vegas saw the third-largest gain, rising 4.85%.

Chicago saw the greatest gain at 5.41, followed closely by Honolulu at 5.40. New York was near the bottom with a gain of 3.74%, with the bottom two reported as Minneapolis at 3.5% and Austin at 2.36%.

Market Trends

In his commentary introducing the report, RLB President for North America Paul Brussow said of the currently complex state of affairs, “While national averages point to moderation, local dynamics—from labor shortages to mega-project demand—are reshaping the landscape in ways owners can’t afford to ignore.”

He noted expected rate cuts from the Federal Reserve should encourage lenders to put more money in the field, freeing momentum for stalled projects across the country. Brussow also expressed optimism because valuations have remained strong, indicating owners have kept their confidence in construction’s fundamentals.

“For owners,” he said, “this is more than a headline; it’s a call to examine whether strategic partnerships, recapitalization, or joint ventures might unlock new avenues of growth, innovation, or resilience.”

Brussow expressed caution regarding the ongoing labor shortage and current market and social conditions. He stressed owners need to invest in workforce development and targeted training to increase both the supply and quality of the workforce.

He also highlighted the current uncertainty economic policy has introduced and expanded, focusing particularly on tariffs, supply chain disruptions and “shifting labor dynamics,” all of which “contribute to cost swings that static budgets cannot absorb.”

Brussow cautioned, “Owners who continue to rely on fixed assumptions risk exposure. Instead, cost certainty comes from flexibility: rolling forecasts, scenario planning, and early procurement strategies.” His recommendations for future-proofing construction efforts included:

  • Treating budgets as dynamic guiding instruments rather than static plans,
  • Applying consistent delivery standards across projects and
  • Linking sustainability and technology decisions to long-term returns.

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Boulder Hwy Group, LLC Bringing 213-Unit Multifamily Development to Winchester https://nevbex.com/2025/09/26/boulder-highway-multifamily-development/ https://nevbex.com/2025/09/26/boulder-highway-multifamily-development/#respond Fri, 26 Sep 2025 19:00:00 +0000 https://nevbex.com/?p=84878 Boulder Hwy Group, LLC recently received approval of a use permit for its 213-unit Multifamily at Boulder Hwy & Desert Inn apartment complex planned west of Boulder Highway and north of Desert Inn Road in Winchester. According to the application, Boulder Hwy Group, LLC is the project owner. I-Ting Lai is the applicant, and LAS Consulting is listed as the correspondent. Yihong Liu + Associates is the design firm and landscape architect. The general contractor has not been selected at this time. The two-building, four-story multifamily development is planned on a 5.2-acre site zoned Commercial Resort. Building One is the larger of the two buildings; it will be U-shaped and sit on the southern end of the site. Building Two will be immediately north of One and directly adjacent to Boulder Highway. Building One will be 143.6KSF, while Building Two will be 72.6KSF. The buildings will combine for 216.2KSF. Building One is slightly taller, with its planned height sitting at 55 feet. Building Two is proposed to be 53 feet tall. Each building will contain one- and two-bedroom units. In total, the apartment complex will feature 127 one-bedroom and 86 two-bedroom units. Residential units will range from 665SF to 1,105SF. The project is planned to have a density of 41.9 units/acre. There will be a clubhouse on the first and second floors of Building Two. The leasing office will be on the first floor of the same building. The building is also planned to contain six garages on its western side. According to LAS Consulting’s justification letter, additional amenities include pickleball courts, dog parks, a pool, open space areas and electric vehicle parking. Building One will be constructed around the pool deck. The buildings are described as having flat parapet roofs and stucco finishes on the exterior walls. Every unit will feature a balcony/patio with metal railings. The building will feature various pop-outs, recesses, roof heights and other visual enhancements to diversify the surfaces. Current plans feature two separate gated access points along Boulder Highway and Desert Inn Road. Vehicles will circulate through the site via 24-foot-wide drive aisles. Parking spaces will be located in garages and within a surface parking lot. A typical parking requirement for a development of this size consists of 320 parking spaces. Due to the proposal’s proximity to a fixed transit stop, regulations allow for a 10% reduction in parking spaces, which would bring the requirement down to 288 spaces. Developers requested to reduce parking by an additional four spaces, which brings the total to 284. Waivers of Development Standards and Other Requests Developers had requested two Waivers of Development Standards, a Use Permit and a Design Review. The Clark County Zoning Commission was ultimately supportive of the project and approved it during the routine action items portion of its meeting. The waivers of development standards were focused on alterations to landscape buffers on the northwestern end of the site. As the site is adjacent to an existing multifamily development, County staff were supportive and recommended its approval. The second waiver was to reduce the driveway throat depth to allow for a call box. County staff had no issues with this waiver and recommended its approval.

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Boulder Hwy Group, LLC recently received approval of a use permit for its 213-unit Multifamily at Boulder Hwy & Desert Inn apartment complex planned west of Boulder Highway and north of Desert Inn Road in Winchester.

According to the application, Boulder Hwy Group, LLC is the project owner. I-Ting Lai is the applicant, and LAS Consulting is listed as the correspondent. Yihong Liu + Associates is the design firm and landscape architect. The general contractor has not been selected at this time.

The two-building, four-story multifamily development is planned on a 5.2-acre site zoned Commercial Resort. Building One is the larger of the two buildings; it will be U-shaped and sit on the southern end of the site.

Building Two will be immediately north of One and directly adjacent to Boulder Highway. Building One will be 143.6KSF, while Building Two will be 72.6KSF. The buildings will combine for 216.2KSF.

Building One is slightly taller, with its planned height sitting at 55 feet. Building Two is proposed to be 53 feet tall.

Each building will contain one- and two-bedroom units. In total, the apartment complex will feature 127 one-bedroom and 86 two-bedroom units. Residential units will range from 665SF to 1,105SF. The project is planned to have a density of 41.9 units/acre.

Credit: Yihong Liu + Associates/Clark County

There will be a clubhouse on the first and second floors of Building Two. The leasing office will be on the first floor of the same building. The building is also planned to contain six garages on its western side.

According to LAS Consulting’s justification letter, additional amenities include pickleball courts, dog parks, a pool, open space areas and electric vehicle parking. Building One will be constructed around the pool deck.

The buildings are described as having flat parapet roofs and stucco finishes on the exterior walls. Every unit will feature a balcony/patio with metal railings.

The building will feature various pop-outs, recesses, roof heights and other visual enhancements to diversify the surfaces.

Current plans feature two separate gated access points along Boulder Highway and Desert Inn Road. Vehicles will circulate through the site via 24-foot-wide drive aisles.

Credit: Yihong Liu + Associates/Clark County

Parking spaces will be located in garages and within a surface parking lot. A typical parking requirement for a development of this size consists of 320 parking spaces.

Due to the proposal’s proximity to a fixed transit stop, regulations allow for a 10% reduction in parking spaces, which would bring the requirement down to 288 spaces. Developers requested to reduce parking by an additional four spaces, which brings the total to 284.

Waivers of Development Standards and Other Requests

Developers had requested two Waivers of Development Standards, a Use Permit and a Design Review. The Clark County Zoning Commission was ultimately supportive of the project and approved it during the routine action items portion of its meeting.

The waivers of development standards were focused on alterations to landscape buffers on the northwestern end of the site. As the site is adjacent to an existing multifamily development, County staff were supportive and recommended its approval.

The second waiver was to reduce the driveway throat depth to allow for a call box. County staff had no issues with this waiver and recommended its approval.

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Nevada Projects 09-26-25 https://nevbex.com/2025/09/26/nevada-construction-projects-09-26-25/ https://nevbex.com/2025/09/26/nevada-construction-projects-09-26-25/#respond Fri, 26 Sep 2025 15:00:00 +0000 https://nevbex.com/?p=84873 Groundbreakings 1. The NRP Group, with partner Haseko North America, broke ground on a four-story, 390-unit luxury apartment community near the Durango hotel-casino, just south of the 215 Beltway between Durango Drive and Cimarron Road, near UnCommons. The $133M project is scheduled to be completed in 2027. 2. Clark County and the Department of Public Works started construction on the $13.9M Sloan Lane improvements in east Las Vegas. The project will extend Sloan Lane with a new road and bridge over the Las Vegas Wash, connecting Ruby Creek Drive to Vegas Valley Drive. Completion is expected in winter 2026. Progress Reports 3. Clark County is advancing a $9.2M upgrade of the Desert Inn Road arterial tunnel between Las Vegas Blvd. and Paradise Road, with improvements to lighting, pavement and safety features. Repaving, the phase with the heaviest traffic impacts, began recently and will continue for two to three weeks. Work began in June and is scheduled to finish by the end of the year. Completions 4. The Nevada Department of Transportation, with Clark County and other public partners, completed the I-15/Tropicana Avenue Interchange in Las Vegas, a $382M program delivering mobility, safety and capacity upgrades at a gateway near the Strip. Work began in May 2022. Kiewit Infrastructure West served as the general contractor. 5. Grocery Outlet is opening its sixth Las Vegas Valley store at 3860 S. Maryland Pkwy.

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Groundbreakings

1. The NRP Group, with partner Haseko North America, broke ground on a four-story, 390-unit luxury apartment community near the Durango hotel-casino, just south of the 215 Beltway between Durango Drive and Cimarron Road, near UnCommons. The $133M project is scheduled to be completed in 2027.

2. Clark County and the Department of Public Works started construction on the $13.9M Sloan Lane improvements in east Las Vegas. The project will extend Sloan Lane with a new road and bridge over the Las Vegas Wash, connecting Ruby Creek Drive to Vegas Valley Drive. Completion is expected in winter 2026.

Progress Reports

3. Clark County is advancing a $9.2M upgrade of the Desert Inn Road arterial tunnel between Las Vegas Blvd. and Paradise Road, with improvements to lighting, pavement and safety features. Repaving, the phase with the heaviest traffic impacts, began recently and will continue for two to three weeks. Work began in June and is scheduled to finish by the end of the year.

Completions

4. The Nevada Department of Transportation, with Clark County and other public partners, completed the I-15/Tropicana Avenue Interchange in Las Vegas, a $382M program delivering mobility, safety and capacity upgrades at a gateway near the Strip. Work began in May 2022. Kiewit Infrastructure West served as the general contractor.

5. Grocery Outlet is opening its sixth Las Vegas Valley store at 3860 S. Maryland Pkwy.

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Construction Employment Plummets Statewide in August https://nevbex.com/2025/09/25/nevada-construction-employment-decline-2/ https://nevbex.com/2025/09/25/nevada-construction-employment-decline-2/#respond Thu, 25 Sep 2025 19:00:00 +0000 https://nevbex.com/?p=84802 Construction employment experienced its steepest decline of the year in August after dwindling for months. In terms of seasonally adjusted data, Nevada lost 4,400 positions over the course of the month. This reflects a 4.1% overall decrease. The current total Construction employment is at 103,500. Notably, this means the employment count for July was not revised. The highest Construction employment total to end the year was 142,200 in 2005. In 2006, the total continued to rise to 146,600 before falling to 137,700 by the end of the year. With the heavy decline, the sector now makes up 6.6% of total nonfarm employment in the Silver State, according to nevadaworkforce.com. For reference, in July, Construction employment reflected 6.9% of total nonfarm employment. In terms of year-over-year data, Construction employment has fallen by 7,100 jobs. This reflects a decrease of 6.4%. Construction had the highest month-over-month and YoY decrease. Closely followed was Leisure and Hospitality, which lost 4,100 positions. As Leisure and Hospitality is the largest sector in the Silver State, this only reflects a decrease of 1.1%. EDITOR’S NOTE: We are including both seasonally and non-seasonally adjusted data. Seasonally adjusted data continues to change after it is originally posted, so the wider array of data is intended to provide a more accurate view of the market. Non-Seasonally Adjusted Construction Data Non-seasonally adjusted Construction data indicated there were 105,300 total positions by the end of August. The non-seasonally adjusted report found that the state only shed 3,700 positions MoM. This reflects an overall decrease of 3.4%. The sector lost slightly more positions YoY in non-seasonally adjusted data, with a decline of 7,400. This reflects a YoY decrease of 6.6%. Non-seasonally adjusted data splits Construction into two subcategories: Construction of Buildings and Specialty Trade Contractors. Construction of Buildings lost 500 positions MoM, which is an overall decrease of 2.8%. The subsector has seen a decline of 1,000 positions YoY, which reflects a 5.4% dip. The sector now has 17,400 positions. The subsector once peaked at 26,500 jobs. Currently, the subsector makes up 1.1% of total nonfarm employment. Specialty Trade Contractors, the largest of the two subsectors, lost 2,500 positions MoM. This is an overall decline of 3.1%. In terms of YoY data, the sector has shed 5,500 positions, which is a 6.6% decline. The subsector once had a maximum employment of 107,200 people. After the decline, the subsector makes up 5% of total nonfarm employment. Seasonally Adjusted Non-Construction Fields The closely related Manufacturing sector remains near its all-time high of 67,700 positions. In August, the sector had a total of 67,600 jobs. Notably, the sector, and its all-time high, were revised slightly downward after the July report. The sector benefited from the addition of 100 jobs, which is a 0.1% increase MoM. Over the course of the year, the sector has gained a total of 900 positions, which is a 1.3% growth rate. Manufacturing is split between two subsectors: Durable Goods and Nondurable Goods. Durable Goods, the larger of the two, was the only subsector to experience a monthly gain. The subsector gained 100 MoM positions, which is a 0.2% growth rate. Durable Goods has gained 1,600 positions over the year, which is a 3.6% growth rate. The subsector now boasts 45,800 positions, which is near its all-time high of 46,000. Nondurable Goods remained completely flat throughout August, maintaining its 21,800 positions. The subsector is still coming off its peak employment count of 23,000 jobs. YoY, the subsector has shed 700 positions, which is a shrinkage of 3.1% of jobs. Overall, private service-providing sectors experienced mixed results throughout August. Sharp declines were seen in Trade, Transportation and Utilities, as well as the aforementioned Leisure and Hospitality. Information and Financial Activities remained mostly flat. Professional and Business Services, Education and Health Services and Government experienced the highest gains. Trade, Transportation and Utilities has continued to shed positions throughout the second half of 2025, with the sector shedding 1,000 MoM jobs. The decline was driven by its Retail Trade and Transportation, Warehousing and Utilities subsectors. The sector remains Nevada’s second largest, making up 18.6% of total nonfarm employment. Government experienced the highest increase throughout August, gaining a total of 2,200 positions. The entirety of the gain was seen in the Local Government subsector, while the State Government and Federal subsectors experienced negligible increases and decreases that cancelled each other out. Unemployment Metropolitan Statistical Area Data According to a report by the Nevada Department of Employment, Training and Rehabilitation, unemployment throughout the state decreased by 0.1% MoM. Currently, unemployment sits at 5.3%. This is marked by a decrease in the labor force of 1,303. The Las Vegas Metropolitan Statistical Area lost 4,300 positions MoM and 5,000 jobs YoY. The Reno MSA lost 400 MoM positions but has gained 800 jobs YoY. The Carson City MSA had an increase of 300 jobs MoM and an increase of 100 YoY positions. DETR’s report indicated that the number of available positions has largely remained unchanged over the course of the year. It was reasoned that the cause of the dip in unemployment was due to the shrinkage of the labor market. Out of all 50 states and the District of Columbia, Nevada is ranked 49th in unemployment with 5.4%. California has a slightly higher unemployment rate at 5.5%, and the District of Columbia has the highest unemployment rate at 6.0%. The average unemployment rate in the United States is 4.5%. Despite Nevada’s poor ranking, the report found that it was tied for 39th in terms of highest YoY employment growth.

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Construction employment experienced its steepest decline of the year in August after dwindling for months.

In terms of seasonally adjusted data, Nevada lost 4,400 positions over the course of the month. This reflects a 4.1% overall decrease. The current total Construction employment is at 103,500. Notably, this means the employment count for July was not revised.

The highest Construction employment total to end the year was 142,200 in 2005. In 2006, the total continued to rise to 146,600 before falling to 137,700 by the end of the year.

With the heavy decline, the sector now makes up 6.6% of total nonfarm employment in the Silver State, according to nevadaworkforce.com. For reference, in July, Construction employment reflected 6.9% of total nonfarm employment.

In terms of year-over-year data, Construction employment has fallen by 7,100 jobs. This reflects a decrease of 6.4%.

Construction had the highest month-over-month and YoY decrease. Closely followed was Leisure and Hospitality, which lost 4,100 positions. As Leisure and Hospitality is the largest sector in the Silver State, this only reflects a decrease of 1.1%.

EDITOR’S NOTE: We are including both seasonally and non-seasonally adjusted data. Seasonally adjusted data continues to change after it is originally posted, so the wider array of data is intended to provide a more accurate view of the market.

Non-Seasonally Adjusted Construction Data

Non-seasonally adjusted Construction data indicated there were 105,300 total positions by the end of August.

The non-seasonally adjusted report found that the state only shed 3,700 positions MoM. This reflects an overall decrease of 3.4%.

The sector lost slightly more positions YoY in non-seasonally adjusted data, with a decline of 7,400. This reflects a YoY decrease of 6.6%.

Non-seasonally adjusted data splits Construction into two subcategories: Construction of Buildings and Specialty Trade Contractors.

Construction of Buildings lost 500 positions MoM, which is an overall decrease of 2.8%. The subsector has seen a decline of 1,000 positions YoY, which reflects a 5.4% dip.

The sector now has 17,400 positions. The subsector once peaked at 26,500 jobs. Currently, the subsector makes up 1.1% of total nonfarm employment.

Specialty Trade Contractors, the largest of the two subsectors, lost 2,500 positions MoM. This is an overall decline of 3.1%.

In terms of YoY data, the sector has shed 5,500 positions, which is a 6.6% decline. The subsector once had a maximum employment of 107,200 people. After the decline, the subsector makes up 5% of total nonfarm employment.

Seasonally Adjusted Non-Construction Fields

The closely related Manufacturing sector remains near its all-time high of 67,700 positions. In August, the sector had a total of 67,600 jobs. Notably, the sector, and its all-time high, were revised slightly downward after the July report.

The sector benefited from the addition of 100 jobs, which is a 0.1% increase MoM. Over the course of the year, the sector has gained a total of 900 positions, which is a 1.3% growth rate.

Credit: BEX Using nevadaworkforce.com Data Points

Manufacturing is split between two subsectors: Durable Goods and Nondurable Goods. Durable Goods, the larger of the two, was the only subsector to experience a monthly gain. The subsector gained 100 MoM positions, which is a 0.2% growth rate.

Durable Goods has gained 1,600 positions over the year, which is a 3.6% growth rate. The subsector now boasts 45,800 positions, which is near its all-time high of 46,000.

Nondurable Goods remained completely flat throughout August, maintaining its 21,800 positions. The subsector is still coming off its peak employment count of 23,000 jobs.

YoY, the subsector has shed 700 positions, which is a shrinkage of 3.1% of jobs.

Overall, private service-providing sectors experienced mixed results throughout August. Sharp declines were seen in Trade, Transportation and Utilities, as well as the aforementioned Leisure and Hospitality. Information and Financial Activities remained mostly flat. Professional and Business Services, Education and Health Services and Government experienced the highest gains.

Trade, Transportation and Utilities has continued to shed positions throughout the second half of 2025, with the sector shedding 1,000 MoM jobs. The decline was driven by its Retail Trade and Transportation, Warehousing and Utilities subsectors. The sector remains Nevada’s second largest, making up 18.6% of total nonfarm employment.

Government experienced the highest increase throughout August, gaining a total of 2,200 positions. The entirety of the gain was seen in the Local Government subsector, while the State Government and Federal subsectors experienced negligible increases and decreases that cancelled each other out.

Unemployment Metropolitan Statistical Area Data

According to a report by the Nevada Department of Employment, Training and Rehabilitation, unemployment throughout the state decreased by 0.1% MoM. Currently, unemployment sits at 5.3%. This is marked by a decrease in the labor force of 1,303.

The Las Vegas Metropolitan Statistical Area lost 4,300 positions MoM and 5,000 jobs YoY. The Reno MSA lost 400 MoM positions but has gained 800 jobs YoY. The Carson City MSA had an increase of 300 jobs MoM and an increase of 100 YoY positions.

DETR’s report indicated that the number of available positions has largely remained unchanged over the course of the year. It was reasoned that the cause of the dip in unemployment was due to the shrinkage of the labor market.

Out of all 50 states and the District of Columbia, Nevada is ranked 49th in unemployment with 5.4%. California has a slightly higher unemployment rate at 5.5%, and the District of Columbia has the highest unemployment rate at 6.0%. The average unemployment rate in the United States is 4.5%.

Despite Nevada’s poor ranking, the report found that it was tied for 39th in terms of highest YoY employment growth.

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Spring Mountain & Polaris Commercial Center Approved in Paradise https://nevbex.com/2025/09/24/chinatown-spring-mountain-polaris-center/ https://nevbex.com/2025/09/24/chinatown-spring-mountain-polaris-center/#respond Wed, 24 Sep 2025 19:00:00 +0000 https://nevbex.com/?p=84793 The Clark County Zoning Commission approved a proposed 116KSF retail complex in the Chinatown area on Spring Mountain Road between Polaris Avenue and Procyon Street in Paradise. The application indicates that Spring Mountain Procyon LLC is the property owner. According to a project representative, an entity tracing back to Windfall Group is the developer. The architect and landscape architect is sca design. The overall development, currently called the Spring Mountain & Polaris Center, will be 116KSF. This consists of 56KSF of restaurant space, 47.8KSF of retail space, 12KSF of entertainment space and a 200SF welcome center. The shopping center will be anchored by a three-story building. Additionally, developers are planning a 161.3KSF parking garage. The three-story building will be situated toward the northwest end of the site. The parking garage will be constructed toward the southeastern end of the site. Retail and restaurant areas will be implemented on each of the three floors of the structure. According to the Zoning Commission’s agenda sheet, the first floor will have an overall area of 36KSF. The second floor will be 41.4KSF and the third floor will be 38.4KSF While a development of this size would typically call for 275 parking spaces, the garage and additional on-site parking will create 492 spaces. Of those spaces, 427 will be located within the six-story garage. Access is to be provided via three separate driveways. One will be installed off Procyon Street, one will come from Spring Mountain Road, and the third will come from Polaris Avenue. Waivers of Development Standards The application requested five separate waivers of development standards. The first waiver is to increase the maximum height of the development to 93 feet and one inch. Commercial General zoning typically allows a maximum height of 50 feet. Another waiver was requested to reduce the front and side street setbacks. Two additional waivers were requested to reduce the approach distance on Procyon Street and the departure distance on Polaris Avenue. The final waiver was requested to reduce the driveway throat depth along each of the three accessways. Prior to the meeting, staff recommended approval of each of the waivers except for the throat depth reductions. The proposal was also recommended for approval by the Paradise Town Advisory Board.

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The Clark County Zoning Commission approved a proposed 116KSF retail complex in the Chinatown area on Spring Mountain Road between Polaris Avenue and Procyon Street in Paradise.

The application indicates that Spring Mountain Procyon LLC is the property owner. According to a project representative, an entity tracing back to Windfall Group is the developer. The architect and landscape architect is sca design.

The overall development, currently called the Spring Mountain & Polaris Center, will be 116KSF. This consists of 56KSF of restaurant space, 47.8KSF of retail space, 12KSF of entertainment space and a 200SF welcome center. The shopping center will be anchored by a three-story building. Additionally, developers are planning a 161.3KSF parking garage.

The three-story building will be situated toward the northwest end of the site. The parking garage will be constructed toward the southeastern end of the site.

Retail and restaurant areas will be implemented on each of the three floors of the structure. According to the Zoning Commission’s agenda sheet, the first floor will have an overall area of 36KSF. The second floor will be 41.4KSF and the third floor will be 38.4KSF

Credit: sca design/Clark County

While a development of this size would typically call for 275 parking spaces, the garage and additional on-site parking will create 492 spaces. Of those spaces, 427 will be located within the six-story garage.

Access is to be provided via three separate driveways. One will be installed off Procyon Street, one will come from Spring Mountain Road, and the third will come from Polaris Avenue.

Waivers of Development Standards

The application requested five separate waivers of development standards. The first waiver is to increase the maximum height of the development to 93 feet and one inch. Commercial General zoning typically allows a maximum height of 50 feet.

Another waiver was requested to reduce the front and side street setbacks. Two additional waivers were requested to reduce the approach distance on Procyon Street and the departure distance on Polaris Avenue.

Credit: sca design/Clark County

The final waiver was requested to reduce the driveway throat depth along each of the three accessways. Prior to the meeting, staff recommended approval of each of the waivers except for the throat depth reductions.

The proposal was also recommended for approval by the Paradise Town Advisory Board.

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Development Agreement Hearing Scheduled for A’s Stadium https://nevbex.com/2025/09/24/athletics-stadium-development-agreement-2/ https://nevbex.com/2025/09/24/athletics-stadium-development-agreement-2/#respond Wed, 24 Sep 2025 15:00:00 +0000 https://nevbex.com/?p=84783 The Clark County Zoning Commission initiated an ordinance to accept the development agreement with the Athletics for the planned nearly $2B stadium. Bjarke Ingels Group is the design architect, while HNTB is the architect of record. A joint venture between Mortenson and McCarthy Building Companies is serving as the general contractor. Mechanical/Electrical/Plumbing engineering is being conducted by Henderson Engineers. Lochsa Engineering is the civil engineer, and Thornton Tomasetti is the structural engineer. (NVBEX, Jan. 3; Feb. 8; March 8; March 20; April 9; May 24; June 6; Sept. 6) The Zoning Commission will address the development agreement and hold a public comment period during its Oct. 8 meeting. Commissioners will be eligible to vote on the agreement during the meeting. The agreement consists of a series of guidelines and regulations the A’s must follow throughout the construction and operation of the stadium. Additionally, the A’s will have to fund and build a Clark County Fire Department post and a Metropolitan Police Department holding area at the stadium. Once Clark County authorizes the development agreement, the A’s will be one step closer to using up to $380M in public funding for construction of the facility. The funding will become eligible for use once the A’s set a guaranteed maximum price for the stadium and finalize additional financial requirements. As the A’s proceed with the hearings, construction remains ongoing. Construction is expected to be completed prior to the opening of the Major League Baseball season in spring of 2028.

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The Clark County Zoning Commission initiated an ordinance to accept the development agreement with the Athletics for the planned nearly $2B stadium.

Bjarke Ingels Group is the design architect, while HNTB is the architect of record. A joint venture between Mortenson and McCarthy Building Companies is serving as the general contractor.

Credit: Bjarke Ingels Group/Major League Baseball

Mechanical/Electrical/Plumbing engineering is being conducted by Henderson Engineers. Lochsa Engineering is the civil engineer, and Thornton Tomasetti is the structural engineer. (NVBEX, Jan. 3; Feb. 8; March 8; March 20; April 9; May 24; June 6; Sept. 6)

The Zoning Commission will address the development agreement and hold a public comment period during its Oct. 8 meeting. Commissioners will be eligible to vote on the agreement during the meeting.

Credit: Bjarke Ingels Group/Major League Baseball

The agreement consists of a series of guidelines and regulations the A’s must follow throughout the construction and operation of the stadium.

Additionally, the A’s will have to fund and build a Clark County Fire Department post and a Metropolitan Police Department holding area at the stadium.

Once Clark County authorizes the development agreement, the A’s will be one step closer to using up to $380M in public funding for construction of the facility.

The funding will become eligible for use once the A’s set a guaranteed maximum price for the stadium and finalize additional financial requirements.

As the A’s proceed with the hearings, construction remains ongoing. Construction is expected to be completed prior to the opening of the Major League Baseball season in spring of 2028.

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Providers Race to Meet Surge in Demand for Data Centers https://nevbex.com/2025/09/23/naiop-panel-nevada-data-center-development/ https://nevbex.com/2025/09/23/naiop-panel-nevada-data-center-development/#respond Tue, 23 Sep 2025 20:00:00 +0000 https://nevbex.com/?p=84776 On Sept. 18, NAIOP hosted a sold out breakfast at The Orleans on the topic of Data Centers & Utilities – The Path Forward. Panelists were: The discussion began with Nasset describing the outsized impact of data center investment at a national level, going so far as to say without growth in the data center market, the national economy would dip into negative territory. In Nevada, as in the rest of the country, data centers have seen exponential growth. This growth is not without its challenges however, as data centers require up to 100 times more energy investment than a traditional building project. Why Nevada? Roberts described some of the high-level benefits of bringing data centers to Southern Nevada, which include: great soils, a reliable grid, low latency, a tax friendly business environment, and close proximity to customers in California. Boyce also highlighted some of the more notable constraints with data center development, namely heat, water and power supply. Boyce also explained that Nevada has plenty of land, but it needs to be unlocked from the Bureau of Land Management. Trends in Data Center Development: More Energy Consumption, Flexibility Responding to both the market demand combined with technological and supply-side constraints in data center development, Boyce and Roberts identified a highly flexible mindset they use while bringing new spaces to market. Boyce described how his team often changes substantial portions of the project while under development, and how “you guys in the room hate it,” but that is what it takes. Both developers use closed loop water systems and air-cooled technology to minimize their consumption of water, but those come with a higher power load requirement. Both identified significant density increases in racks, saying a rack used to consume 15kW, now a rack could consume 150kW or even up to 2MW/cabinet. They are both innovating rapidly to meet market demand. Projected Gap: Demand is Outpacing Supply of Power Brigger noted that the requests for power supply are growing. NV Energy is a fully integrated utility, which includes generation, transmission and distribution systems across the Silver State. Currently, the entire system sits at about 9KMW (peak). Brigger noted that another 4.5 – 5KMW have already been signed and power committed to those projects. Astoundingly, another 21 – 22KMW of requested load has been identified. Accordingly, NV Energy needs to double or triple the size of the current system to meet projected demand. Brigger said the utility has been planning for increased power needs for some time. One of the most notable transmission projects, Green Link, is set to deliver the first phase of new lines next year, with additional phases to the west and north currently going through permitting and siting. The panel briefly touched on the concepts of nuclear power generation and self-generated power or micro-grid technology as a potential solution to supplying more power. Brigger described the nuclear power generation technology as at least eight years away from being a real option. Roberts agreed, adding that a micro-grid was not what their customers are looking for: they want the reliability of a utility-scale grid. Boyce has one project in Utah that includes self-generation, but he also pointed out that was a unique circumstance. Water Supply is Thoughtful, Measured Pellegrino also identified long-range planning efforts that are paying off for the region. Already a national leader in water reclamation, reuse and recycling, Southern Nevada Water Authority is responsible for maintaining levels of water service to existing residents and businesses while providing for the area’s growth. She credited a highly concerted effort to providing a level of consistency across municipalities in water regulation. Pellegrino noted that while Nevada only has rights to 1.8% of the Colorado River allocations, the federal government may cut that by more than a third, which is why ongoing negotiations over water rights are so crucial to the state. When asked about the potential for desalination plants in California that could be piped into Nevada to supply more water, Pellegrino replied that the cost required to do that would be astronomical. An alternate to desalination that is being considered is reclaiming and recycling water that is currently being piped into the Pacific Ocean from Southern California and piped into Nevada for use here. Data Centers Will Go Where Power is Available The outlook on future data center development in Clark County is bright, with optimism clearly running through the discussion. Power supply will be the leading constraint in new data center development but thankfully there are very smart people who have been planning for this for a long time already.

The post Providers Race to Meet Surge in Demand for Data Centers appeared first on NVBEX.

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On Sept. 18, NAIOP hosted a sold out breakfast at The Orleans on the topic of Data Centers & Utilities – The Path Forward. Panelists were:

  • Steve Boyce, VP Mission Critical, Novva Data Centers;
  • Jeff Brigger, director of business development & major accounts, NV Energy;
  • Colby Pellegrino, deputy GM for resources, Southern Nevada Water Authority;
  • Steven Roberts, VP construction development, Switch, and
  • Moderator Brent Nasset, site development consultant, Kimley-Horn & Associates.

The discussion began with Nasset describing the outsized impact of data center investment at a national level, going so far as to say without growth in the data center market, the national economy would dip into negative territory. In Nevada, as in the rest of the country, data centers have seen exponential growth. This growth is not without its challenges however, as data centers require up to 100 times more energy investment than a traditional building project.

Why Nevada?

Roberts described some of the high-level benefits of bringing data centers to Southern Nevada, which include: great soils, a reliable grid, low latency, a tax friendly business environment, and close proximity to customers in California. Boyce also highlighted some of the more notable constraints with data center development, namely heat, water and power supply. Boyce also explained that Nevada has plenty of land, but it needs to be unlocked from the Bureau of Land Management.

Trends in Data Center Development: More Energy Consumption, Flexibility

Responding to both the market demand combined with technological and supply-side constraints in data center development, Boyce and Roberts identified a highly flexible mindset they use while bringing new spaces to market. Boyce described how his team often changes substantial portions of the project while under development, and how “you guys in the room hate it,” but that is what it takes.

Both developers use closed loop water systems and air-cooled technology to minimize their consumption of water, but those come with a higher power load requirement. Both identified significant density increases in racks, saying a rack used to consume 15kW, now a rack could consume 150kW or even up to 2MW/cabinet. They are both innovating rapidly to meet market demand.

Projected Gap: Demand is Outpacing Supply of Power

Brigger noted that the requests for power supply are growing. NV Energy is a fully integrated utility, which includes generation, transmission and distribution systems across the Silver State. Currently, the entire system sits at about 9KMW (peak). Brigger noted that another 4.5 – 5KMW have already been signed and power committed to those projects. Astoundingly, another 21 – 22KMW of requested load has been identified. Accordingly, NV Energy needs to double or triple the size of the current system to meet projected demand.

Brigger said the utility has been planning for increased power needs for some time. One of the most notable transmission projects, Green Link, is set to deliver the first phase of new lines next year, with additional phases to the west and north currently going through permitting and siting.

The panel briefly touched on the concepts of nuclear power generation and self-generated power or micro-grid technology as a potential solution to supplying more power. Brigger described the nuclear power generation technology as at least eight years away from being a real option. Roberts agreed, adding that a micro-grid was not what their customers are looking for: they want the reliability of a utility-scale grid. Boyce has one project in Utah that includes self-generation, but he also pointed out that was a unique circumstance.

Water Supply is Thoughtful, Measured

Pellegrino also identified long-range planning efforts that are paying off for the region. Already a national leader in water reclamation, reuse and recycling, Southern Nevada Water Authority is responsible for maintaining levels of water service to existing residents and businesses while providing for the area’s growth. She credited a highly concerted effort to providing a level of consistency across municipalities in water regulation.

Pellegrino noted that while Nevada only has rights to 1.8% of the Colorado River allocations, the federal government may cut that by more than a third, which is why ongoing negotiations over water rights are so crucial to the state. When asked about the potential for desalination plants in California that could be piped into Nevada to supply more water, Pellegrino replied that the cost required to do that would be astronomical. An alternate to desalination that is being considered is reclaiming and recycling water that is currently being piped into the Pacific Ocean from Southern California and piped into Nevada for use here.

Data Centers Will Go Where Power is Available

The outlook on future data center development in Clark County is bright, with optimism clearly running through the discussion. Power supply will be the leading constraint in new data center development but thankfully there are very smart people who have been planning for this for a long time already.

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Industry Professionals 09-23-25 https://nevbex.com/2025/09/23/industry-professionals-09-23-25/ https://nevbex.com/2025/09/23/industry-professionals-09-23-25/#respond Tue, 23 Sep 2025 19:00:00 +0000 https://nevbex.com/?p=84765 Company News 1. Basin Street Properties announced a restructuring to improve operations and growth. The company will now operate under two divisions: Property Management—overseeing leasing, marketing, tenant relations, construction and facilities—and Asset Management—focused on financial performance, acquisitions, development and portfolio management. New Hires 2. Kara Van Valkenburg has joined Tectonics Design Group as part of its structural engineering team. She has more than 20 years of experience and has worked on projects including the UNR Seismic Lab, Mt. Rose Water Treatment Plant and the GSR Theatre remodel. 3. Danielle Snow has been named Office Manager of Dickson Realty’s Sparks office. She will also support the firm’s Relocation Services. Snow has more than 20 years of real estate experience in Northern Nevada and a background in finance and business, with expertise in operations, onboarding, training and team development.

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Company News

1. Basin Street Properties announced a restructuring to improve operations and growth. The company will now operate under two divisions: Property Management—overseeing leasing, marketing, tenant relations, construction and facilities—and Asset Management—focused on financial performance, acquisitions, development and portfolio management.

New Hires

2. Kara Van Valkenburg has joined Tectonics Design Group as part of its structural engineering team. She has more than 20 years of experience and has worked on projects including the UNR Seismic Lab, Mt. Rose Water Treatment Plant and the GSR Theatre remodel.

3. Danielle Snow has been named Office Manager of Dickson Realty’s Sparks office. She will also support the firm’s Relocation Services. Snow has more than 20 years of real estate experience in Northern Nevada and a background in finance and business, with expertise in operations, onboarding, training and team development.

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Commercial Real Estate 09-23-25 https://nevbex.com/2025/09/23/commercial-real-estate-09-23-25/ https://nevbex.com/2025/09/23/commercial-real-estate-09-23-25/#respond Tue, 23 Sep 2025 15:00:00 +0000 https://nevbex.com/?p=84761 Sales Transactions 1. Sunroad Enterprises, with Fairfield, completed a $1.1B national portfolio venture that included the 213-unit Colton Apartments in Henderson. JLL represented Sunroad and arranged financing. 2. The Pearl at St. Rose, a 270-unit multifamily community in Las Vegas, sold for $64M. MG Properties acquired the property from an affiliate of The CONAM Group. Berkadia represented the seller and arranged financing.

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Sales Transactions

1. Sunroad Enterprises, with Fairfield, completed a $1.1B national portfolio venture that included the 213-unit Colton Apartments in Henderson. JLL represented Sunroad and arranged financing.

2. The Pearl at St. Rose, a 270-unit multifamily community in Las Vegas, sold for $64M. MG Properties acquired the property from an affiliate of The CONAM Group. Berkadia represented the seller and arranged financing.

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