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Las Vegas has seen more than $5 billion in new construction and development activity, and a new city is emerging as a result. The progress includes the expansion of the Las Vegas Convention Center, the new T-Mobile Arena and an NFL Stadium, which is currently under development. The activity has helped to expand capital interest in the market and pushed Las Vegas onto the national stage.

“Las Vegas is becoming less of a transient city and more of an established municipality,” Mark Mikelson, owner, principal and Las Vegas retail studio director at Nadel Architects, tells GlobeSt.com. “To transition this new energy and capture more residents, we are seeing a variety of civic and municipal projects to include the Arts District, the Las Vegas Convention expansion, the new T-Mobile Arena—home of the Vegas Knights—and a future NFL Stadium. These projects are creating a new dynamic for the local community and also helping to shape Las Vegas’ national presence.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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