The construction industry is bouncing back in Clark County, but the shortage of skilled labor could pose a problem in completing projects in the future. This is when speculative home building becomes a real challenge. Fortunately, we haven’t seen an impact on our trades for repairs and our building rehab is nearly completed.
Developers proposing a 65,000-seat, $1.9 billion domed football stadium have said they want to move the process along quickly, now that they’ve agreed on prospective sites. The Adelson family has pledged to donate $650 million for the stadium and the Raiders would submit $500 million to build it. The site will be on 62 acres west of Interstate 15 between Russell Road and Hacienda Avenue, and on the current Bali Hai Golf Club.
Top Commercial Pick
Strip Center Las Vegas, NV Community Strip Center, 51 parking spaces, Upside potential,All leases mon to mon, Seller may carry.
Property Management Software Change – We have selected Appfolio as the software management platform we will implement over the winter. Data will be ported over starting in October and November we will start operating with a few properties. Our goal is to have 100% of the properties operating under the new system by December 1st. December is the slowest part of the season so we will have time to educate our clients, tenants and staff.
Building Rehab In Progress
Our humble office building that we have owned for 3 years is finally getting a make over. Framing is completed and stucco is being applied. Painting and new asphalt should be completed within 4 weeks.