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Roland Murphy
10 Jul 2026

Las Vegas Q2 Construction Cost Percent Change Mirrors National Average

With a Q2 2026 construction cost percent change of 4.45%, the Las Vegas market almost perfectly mirrors the national average of 4.43% in Rider Levett...

Trends
CJ Jorgensen
2 Jun 2026

Multifamily ‘Rebalancing’ Nationally; Nevada Pipeline at 4,500 Units

After years of wild vacillation, the cumulative U.S. Multifamily market is showing signs of moving toward stabilization. Individual markets, however, all have their own stories...

Trends
NVBEX Staff
11 May 2026

New National Data Hints at Possible Multifamily Momentum Pickup

Recent federal data is giving mild indications the multifamily construction market may be inching toward a modest bounceback. Discussing recently released data from the U.S....

Local News, Trends
CJ Jorgensen
23 Apr 2026

Northern Nevada Industrial Market Continues to Chew Away at Recent Deliveries

The Northern Nevada Industrial market saw a slight uptick in vacancies as the region continues to adapt to 2025’s deliveries. Colliers recently released a report...

Trends
Roland Murphy
16 Apr 2026

CBRE Industrial Survey Shows No Slowdown in U.S. Industrial Demand

CBRE has released the results of its 2026 U.S. Industrial & Logistics Occupier Survey, which shows industrial space in the U.S. is not experiencing a...

Local News, Trends
CJ Jorgensen
2 Apr 2026

Reno Retail Construction Lull Continues in Q1 2026

The Retail market in Reno has seen its contraction in overall construction activity continue into the year. Kidder Mathews recently released its Q1 Reno Retail...

Construction and absorption trends over years
Trends
NVBEX Staff
15 Jan 2026

Reno Office Construction Pipeline Slowing in Q4 2025

Office construction activity in Reno saw a steep decline in momentum during Q4 2025. Kidder Mathews recently released its Q4 2025 Reno Office Market Report....

Reno market data summary and analysis by Kidder Mathews
Local News, Trends
CJ Jorgensen
9 Dec 2025

Seasonally Adjusted Construction Employment Rebounds in September

Statewide Construction employment reflected very different performances across seasonally adjusted and non-seasonally adjusted data for September. In terms of seasonally adjusted data, Nevada gained 1,000...

Construction Employment Trends graph
Local News, Trends
CJ Jorgensen
10 Nov 2025

Northern Nevada Retail Market Boasts Largest Sales Volume in Five Years

The Northern Nevada Retail sector hit its highest quarterly sales volume in more than five years during Q3 2025. Colliers recently released its Q3 Northern...

Colliers Reno Retail Market Research Report Q3 2025
Local News, Trends
Roland Murphy
27 Sep 2025

Las Vegas Construction Costs See 4.85% Q3 Annual Change

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...

Trends
NVBEX Staff
6 Aug 2025

Construction Employment Growth Weak in July

The construction industry added 2,000 jobs on net in July, according to an Associated Builders and Contractors analysis of data released by the U.S. Bureau...

July Construction Employment Growth Graph
Trends
NVBEX Staff
6 Aug 2025

Nonresidential Construction Spending Down 0.1% in June

National nonresidential construction spending decreased 0.1% in June, according to an Associated Builders and Contractors analysis of data published by the U.S. Census Bureau. On...

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Mark Hobaica

Mark Hobaica

Executive Vice President

Core Construction

Since 2019, as CORE Construction’s Executive Vice President for Nevada, Mark ensures every client CORE serves receives the highest level of personalized care for every project. Mark’s passion is client Trust. He cares deeply about CORE’s reputation, partnerships and providing the highest quality and services, as well as most honest and best value possible. He has worked in the Las Vegas Valley and for the Public Works sector for nearly 35 years. He began as an owner in a local architectural firm designing and overseeing projects for Public Works clients for nearly 12 years. He clearly understands the expectations of the public sector, as he then directed numerous projects for over 16 years as the City Architect for the City of Henderson. His focus has always been delivering projects using CMAR or Construction Manager at Risk as he has implemented dozens of projects with his trusted approach, while always involving every stakeholder to ensure each individual receives the highest level of services expected.