SOUTHERN NEVADA—After five yearsof no speculative development, the Southern Nevada region now has more than4.6 million square feet of planned industrial buildings, according to ColliersInternational. The first tobreak ground was a 464,000-square-foot project in North Las Vegasby Prologis,with several others due to break ground in the next fewmonths.
Dan Doherty, EVP of Doherty IndustrialGroup at Colliers International in LasVegas, tells GlobeSt.com, “Our industrial market has made a majorturnaround over the last 12 months.” We spoke with Doherty aboutthe recovery and where he sees the market heading.
GlobeSt.com: What has led to the recovery of theindustrial development market in Southern Nevada?
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
