Billion Dollar Projects Dominate Las Vegas Real Estate in the New Year

Allegiant Stadium in the foreground under construction. Photo credit to Channel 13 News

The new year 2020 will ring in some of the most elaborate and spectacular construction projects in Southern Nevada's history. Over the course of several posts, I will highlight various projects both on the fabulous Las Vegas Strip - and off the strip, where a vibrant community of now over 2 million people call home.

To date, there is over $5 billion of new construction under way in our valley, just in entertainment and hospitality venues. With the $2B - 65,000 seat Allegiant Stadium (home of the now Las Vegas Raiders), the MSG Sphere Event Center, the $980 million - 1.4 million square foot Las Vegas Convention Center, millions of square feet of state-of-the-art distribution warehouse space, and new office buildings along the 215 Beltway, 2020 is going to be a spectacular year for the construction and commercial real estate industry!

I have been blessed to call Las Vegas home my entire life. In fact, my family settled here in the early 1940's. I recall asking my mother the population back in 1980 and the answer was only 200,000 people! We've come a long way, baby!

To you and your family, Kara and I wish you a fantastic year ahead filled with good health, happiness, time with family, and all the best success! We hope we have an opportunity to work with you in the coming year.