Category: Trends

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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
CJ Jorgensen
1 Nov 2025

Southern Nevada Retail Market Remains Relatively Strong During Tumultuous Year

The Southern Nevada Retail market demonstrated an increase in vacancies and asking rates, while it absorbed less than in other recent periods. Q3 2025 saw...

Market graph of retail vacancy
Trends
NVBEX Staff
30 Oct 2025

Construction Workers Shifting Slightly Younger

According to the 2023 American Community Survey, the median age of construction labor force is 42 years old—one year older than a typical worker in...

Median Age of Construction Labor Force by State 2023 Map
Local News, Trends
NVBEX Staff
4 Oct 2025

Construction Jobs Fall Alongside Home Sales

The decline of construction jobs has coincided with the lack of home sales seen this year in Southern Nevada. The Department of Employment, Training and...

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...

Local News, Trends
CJ Jorgensen
25 Sep 2025

Construction Employment Plummets Statewide in August

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...

Local News, Trends
Rebekah Morris
23 Sep 2025

Providers Race to Meet Surge in Demand for Data Centers

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

NAIOP Panelists
Trends
NVBEX Staff
13 Sep 2025

Job Confidence Falls Nationally, Could Explain Las Vegas Tourism Decline

The tourism decline facing Las Vegas could be a result of a nationwide lack of confidence in the job market. A survey released by the...

Solar, Trends
NVBEX Staff
27 Aug 2025

Solar Projects Expected to Account for Half of 2025’s Added Energy Capacity

New solar projects are anticipated to make up around half of the new electricity added to the grid across the nation. The Energy Information Administration...

SOL TRN Solar Energy 2025 Prediction-01
Local News, Trends
CJ Jorgensen
21 Aug 2025

Construction Employment in Nevada Experiences Slight Growth After Months of Falling

Construction employment in Nevada experienced a small bump in growth after consecutive months of poor showings. In terms of seasonally adjusted data, Nevada gained 400...

Trends
NVBEX Staff
12 Aug 2025

Multifamily Developer Confidence Up in Q2

Confidence in the market for new multifamily housing increased year-over-year in the second quarter, according to the Multifamily Market Survey released today by the National...

National Association of Home Builders Logo
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
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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.