LAS VEGAS – Despite recent reports to the contrary, construction on the upcoming Las Vegas NFL Raiders Stadium – while facing a series of hurdles in recent days – will nonetheless be opening on time for the team’s first pre-season game, slated to take place on August 6, 2020.

According to reports, the Raiders’ construction manager, Jones Lang LaSalle, recently and erroneously told the team’s board that the July 31, 2020 completion date for the stadium has been bumped back to August 4; right afterwards, most major media outlets reported the incorrect news, spreading headlines declaring that the finish of the project had been delayed.

Some of the issues attributed to this alleged delay include issues with the delivery of steel supplies to the construction zone; a real problem, according to officials, but not one that will have any significant impact upon work, they say.

Soon after the “news” got out, chief operating officer of the Raiders’ stadium company, Don Webb, set the record straight, assuring board members that the construction of Raiders Stadium will be finished on-time for the start of the team’s 2020 pre-season season.

The Raiders broke ground on the new $2 billion, 65,000-seat stadium on November 13, 2017 – a joint-use agreement with the football team of the University of Las Vegas – and the impending arrival of the world-famous footballers has already attracted new businesses and investors to Las Vegas who believe that a local professional sporting team will serve as a massive boon to their bottom lines.

Indeed, this has already been proven to be the case; hotel room tax proceeds for the city of Las Vegas related to Raiders-influenced tourism have exceeded original projections by 0.6 percent, for a total of nearly $94 million through January of 2020, according to reports.

In addition to Raiders Stadium, work is also underway on a $100 million training facility/team headquarters that is located in the vicinity of Henderson Executive Airport. The headquarters will offer 323,000 square feet consisting of advanced training and workout facilities – including three practice areas located outside as well as an indoor football field – in addition to numerous corporate offices to house the team’s management, executives, and other personnel.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS – With the recession over and done with and the real estate market on the mend in a major way, living expenses overall in Las Vegas – particularly rents – have been experiencing a steady climb over the course of the last few years as the improved economy is luring businesses and jobs into the region. Henderson is an especially poignant example of this phenomenon, having been currently ranked by ApartmentList.Com as the city with the fastest-growing rental prices in the United States.

Henderson is the second-largest city in Nevada, and according to reports, it has been experiencing growth in the cost of rental properties that outpaces any comparable city in the country over the course of the past year. The current 2019 monthly rent of an average two-bedroom apartment in Henderson comes in at $1,340, which represents a jump if 3.7 percent over the same period one year ago; the national average rental price, however, only increased 0.9 percent. This cements Henderson as a growing location in terms of demand, but it remains to be seen that, if rent continues to climb at its current rate, if the cost of living will eventually outstrip that demand.

A close contender in terms of rising rents is Las Vegas itself, which currently ranks fifth in the country; a two-bedroom apartment in Vegas will typically set you back $1,160 per month in 2019, which is an increase of 3.1 percent over the same period in 2018. Again, it remains to be seen if these increases will eventually become prohibitive to renters who are looking to get the most for their money in terms of living expenses.

Henderson and Las Vegas are standouts in the sense that, in much of the rest of the United States, rental costs – while also increasing overall – have nonetheless risen at a comparatively much slower rate throughout 2018.
Las Vegas’ rental scene has seriously ramped up in recent years, with the area seeing a large increase in development, especially in suburban areas. In addition, investors have been making numerous purchases of apartment buildings, rental complexes, and reduced vacancies – brought on by a large influx if new residents looking for jobs have produced a climate where rents have been rising to the point that some tenants are finding difficult to keep pace with. Work, however, is being undertaken by numerous developers in order to construct new and affordable housing options in order to bring more stability to Southern Nevada’s housing and rental market.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Matter Real Estate Group Looking to Develop $400M Las Vegas-Based Mixed-Use Project

LAS VEGAS – San Diego-based Matter Real Estate Group recently announced plans to create a $400 million project spanning 40 acres in Southwest Las Vegas. The project, dubbed UnCommons by Matter owner Jim Stuart, is to be a mixed-use development consisting of office, retail, and rental space.

The UnCommons office park, slated to be located at the corner of the 215 Beltway and Durango Drive, will consist of 500,000 square feet of office space, 100,000 square feet of retail space, and 875 apartments, Matter officials said. The development is planned to be designed with ease of access to foot traffic in mind, with early design renders illustrating a variety of walkways situated within a densely built series of buildings offering visitors access to a wide array of amenities, including coffee shops, a food hall, restaurants and live entertainment venues.

Matter is currently in the process of purchasing the land needed for the UnCommons project; currently, the company owns approximately 8 acres, but plans on acquiring the remainder of the property by the start of summer this year, once project plans have been officially approved by Clark County officials.

The southwest valley of Las Vegas is considered a fast up-and-comer in terms of business growth and construction, and UnCommons stands to help that reputation continue to develop. Matter officials have noted that the design approach that their company is taking with the project – especially in terms of office construction – is catered to attract young professionals who expect a little something extra in terms of a modern, exciting, and interesting work environment.

In addition to UnCommons, Matter has unveiled plans to construct multiple warehouses in the Southern Nevada region. These include a 540,000 square foot industrial park adjacent to North Las Vegas Airport, a facility spanning 10 acres in the southwest valley, and a 300,000 square foot Henderson-based development located beside the practice facility of the Las Vegas Raiders NFL team.

Matter is currently in the process of working with borrowing institutions to provide capital for the UnCommons project, as well as courting various companies and retail businesses regarding leases at the office park. There is currently no official timetable for when the project is expected to commence or when the project is to be completed by, but Matter representatives indicated that they are keen to get the ball rolling on the project as soon as possible in order to take advantage of the rapid growth that the southwestern Las Vegas valley is currently experiencing.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – Las Vegas is home to a great many eye-catching structures and oddities, but one of the most remarkable of them isn’t eye catching at all… mainly because it’s located 26 feet underground.

The infamous “Underground House,” originally constructed by Avon founder and subterranean living enthusiast Jerry Henderson in 1979, has been officially put on the Vegas real estate market for a whopping $18 million. That’s quite a mark-up from its previous selling price in 2015 of $1,150,000, but the current owners maintain that the novelty – combined with the sheer expense involved in attempting to replicate the house’s unique design elsewhere – make the inflated price tag well worth it.
Henderson allegedly built the Underground House owing to fears over nuclear war or other catastrophes, although modern reports indicate that it would likely provide inadequate protection from a serious nuclear attack.

The above-ground portion of the Underground House – located 2.5 miles from the Las Vegas Strip – looks plain enough upon first inspection, being a simple townhouse that Jerry Henderson’s widow lived her remaining years in upon her husband’s passing in 1983. But delve into the earth below and you’ll discover a vast complex boasting five bedrooms, six bathrooms, and numerous extravagant amenities, all designed with a flashy 1970’s flair that goes the proceedings a distinctively retro-look.

Visitors to the Underground House – with the 15,000 square-foot space accessible via stairs or elevator – will find themselves greeted by a faux “outdoor” yard populated with a grass-colored carpet, artificial trees, bushes, and rocks, as well as murals on the walls and ceilings depicting the sky, horizon, and various bits of country scenery. Lights can be adjusted to represent different times of the day, and twinkling lights in the ceiling represent a starry nighttime sky.

In the center of it all is the house itself, reflecting a 1970’s design sensibility and including an elaborate bar and a kitchen with a vibrant pink color scheme. Glass panel doors, as you would normally see on a typical above-ground house leading into the backyard, separate the interior of the house from the “outdoor” area.

Speaking of the outdoor area, it is replete with a number of perks, including a pool, two hot tubs, a sauna, a dance floor, a barbecue area (complete with a picnic table and chairs), and a four-hole putting green. In addition, there is a separate guest “house” on the “property” for when visitors come calling.
Despite the 70’s design aesthetic, prospective buyers of the Underground House will be happy to know that the current owners – the mysterious Society for the Preservation of Near Extinct Species – didn’t skimp on adding modern technological aspects. Climate control is provided by eight heavy-duty air conditioning units, cell phone service is accessible via underground repeaters, and cable TV and Internet are available as well. In addition, the property has a 1,000 fresh water tank as well.

It just goes to show you that just when you think you’ve seen it all in Las Vegas, you only have to direct your gaze downward to find that there’s even more going on beneath the surface. 

Looking for relocation information on the fast-growing Las Vegas market? New home recommendations? Las Vegas apartments, condos or rental info? Please feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – Looking back at 2018, Las Vegas can boast of a great many things – a booming economy, a healthy job market, booming real estate, an influx of new residents and businesses – but one item that stands out just as impressively is the fact that employment in the local construction industry blew up at roughly twice the rate when compared to the rest of the United States.

With a plethora of ongoing high-profile building projects – including the Las Vegas Raiders NFL stadium, a new baseball stadium, numerous single-family homes, apartment buildings, and condos, retail buildings, warehouses and more –  nearly 68,000 people were employed by the Las Vegas construction industry last year, representing a jump of nearly 9 percent from the same period in 2017, as per reports. In contrast, construction jobs only grew on an average of 4 percent elsewhere in the country.

With demand for quality – and affordable – housing spiking in Las Vegas within the last few years, the only thing standing between prospective homeowners and their desire to move into new dwellings has been a shortage of workers, and in an attempt to offset the difficulty in attracting laborers, construction companies have been offering extra incentives in order to draw them in, including higher salaries and benefits. 

Slowly, but surely, the approach has been working, and output from the region’s contractors has been steadily increasing to meet demand; however, according to reports, the workforce is still under-populated and companies are still looking for qualified workers.

The housing job market in Las Vegas currently, while very impressive by national standards, still pales in comparison to how it was in the “good old days.” Previously, before the housing market crash of the mid-2000’s, construction companies in Las Vegas employed approximately 112,000 workers; following the burst of the housing bubble, however, the market could only sustain fewer than 35,000 workers. Needless to say, the modern market is clearly in the rise once again.

Real Estate professionals in Las Vegas in 2018 reported record numbers of sales, with the marker hitting highs not seen in the Southern Nevada Region in over a decade. Scarcity has resulted in elevated pricing, but as more workers are brought in by home-builders in the area, a greater output of dwellings will result in prices stabilizing and, eventually, dropping to more affordable levels, although it is worth noting that Vegas’ cost of living, even now, is lower than much of the country, especially when compared to neighboring states such as California.

Looking for relocation information on the fast-growing Las Vegas market? New home recommendations? Las Vegas apartments, condos or rental info? Please feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – The news that the famed Oakland Raiders National Football League (NFL) team would be picking up their cleats and transplanting themselves to Las Vegas rocked the sports and business world. And to coincide with their arrival in Sin City – anticipated to be in time for the start of the 2020 season – work upon their new $2 billion, 65,000-seat stadium located on a 63-acre plot of land situated between Russell Road and Hacienda Avenue began in November of 2018, generating big headlines across the nation. And since the beginning of construction, work has progressed at a steady and rapid pace, with estimates putting the completion of the project on-time and within budget.

Lost among all the hoopla of the stadium, however, is another Raiders-related construction announcement this week; one perhaps not as flashy but certainly equally as important when it comes to running the sports dynasty once it arrives in its new Las Vegas home. On January 14, ground was broken on the construction of the Raiders’ new headquarters, a cutting-edge facility located in Henderson to be built upon 55 acres of vacant land adjacent to the Executive Airport. 

The headquarters will offer 323,000 square feet consisting of advanced training and workout facilities – including three practice areas outside as well as an indoor football field as well – in addition to numerous corporate offices to house the team’s management, executives, and other personnel.

The area in Henderson surrounding the future Raiders headquarters is, according to reports, in the middle of a resurgence of development, with numerous construction projects branching out and taking shape as the region continues to benefit from the booming Vegas economy and real estate market that is attracting businesses far and wide. Rounders Grilling & Gaming, a tavern franchise offering bar food, drink specials and gaming options in a “no-nonsense setup” is in the process of creating a new location adjacent to Raiders’ headquarters, with a target date of September of this year set for their official Grand Opening; the hook for customers, they say, will be a place for Raiders fans to be able to easily and comfortably watch their new hometown team play. 

The hope, of course, is for these new businesses to latch onto the increased traffic that is sure to be attracted to the area by the arrival of both the legendary sports team’s new HQ and Raiders Stadium; this is expected to create a ripple effect that will be felt throughout many of Las Vegas’ many industries, including real estate, the job market, and the amount of tourism to the area. In fact, not only will the stadium be the new home of the Raiders, but also the University of Nevada’s football team as well, attracting professional and colligate football fans of all ages.

Indeed, 2020 is shaping up to be an exciting year for Las Vegas.

Looking for relocation information on the fast-growing Las Vegas market? New home recommendations? Las Vegas apartments, condos even area nightlife and entertainment expectations? Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – As always, the real estate market in the United States can be a highly competitive one, but when looking back at the year 2018 in review, one territory stands out clearly above all the rest as the hottest market in the county: Las Vegas, Nevada.

Based on home price growth alone, Vegas reigns supreme as the biggest housing market of the past year, and part of that status can be directly attributed to its relatively low cost of living not only when compared to much of the country – Vegas remains one of the cheaper metropolitan areas in the country to live – but especially when directly compared to its immediate neighbor: California. California boasts some of the highest home prices and cost of living in the nation, and it’s that crucial fact about its housing market that makes Southern Nevada that much more attractive not only to tourists, but to people and families looking for a new place to live that is affordable.

However, it’s not just the affordability factor that made Vegas’ real estate market so hot in 2018; a number of other factors functioning in tandem helped with that. Major job creation, coupled with diversification in multiple industries in the region, is another contributing reason. After the recovery from the housing market crash of the mid-2000’s, Vegas saw a variety of companies and businesses settle down within its borders; companies and businesses that need qualified workers, and because of that the city quickly saw an influx of new transplants from across the country, effectively kick-starting the local real estate market that has been otherwise sitting dormant for nearly a decade. With that demand, housing prices started to quickly climb in the region, although nonetheless remaining at levels comparatively lower than the much of the rest of the country.

For example, let’s compare median single-family home prices in Las Vegas to California. In the third quarter of 2018, a home in Vegas came in at approximately $294,600; when compared to the same home type in Los Angeles – $628,900 – and San Diego – $650,000 – and Orange County-Anaheim – a whopping $830,000 – it’s easy to see why Las Vegas suddenly becomes a very attractive alternative, even with its own real estate market currently on the rise.

Vegas also overtook Seattle, Washington as the king of the fastest-growing home prices, with 13 percent jump in September 2018 over the same month one year before. Vegas’ real estate market had previously peaked back in 2006 before the burst of the housing bubble, and while prices locally have recovered and grown significantly since then, they are still 20 percent below 2006 levels. If ever there was a time to buy in a rapidly-growing marketplace, now is clearly the time and Las Vegas is clearly the place.

Thinking about relocating to Las Vegas? Need some ideas on what areas fit your family best? New home recommendations? Las Vegas apartments, condos even nightlife and entertainment? Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

LAS VEGAS, NV – Construction projects in Las Vegas have been ramping up in recent months through an effort to satisfy the growing demand for both housing units and new space for the city’s business sector, and developers in the region – especially when it comes to the in-progress Las Vegas Stadium – have been turning to U.S. military veterans in order to get the job done.

When asked why vets were figuring so heavily into the expansion of Las Vegas’ housing and industrial communities, developers cited several aspects that military training typically instills into its members – most notably, a soldier’s intense sense of leadership and teamwork, reports say. There are no specific laws or requirements governing the hiring of those who have engaged in military service, but nonetheless employers in the construction field have been actively seeking them out in large numbers to assist in completing their many projects…especially the Las Vegas Stadium, future $2 billion home of the Las Vegas Raiders NFL team.

The contractor behind the stadium – Mortenson Construction Company – noted that three percent of man hours of work put in by subcontractors on the site by the end of September 2018 were by veterans and as time goes by and more veterans are hired, that number is expected to rise significantly. After all, the strict discipline and structure that military men and women was taught while serving their country can be a big part of achieving success once they rotate back to their civilian lives.

A-1 Concrete Cutting and Demolition, a Las Vegas-based firm that is involved with work on the stadium, currently boasts of a team made up of approximately 30 percent ex-military members; the company’s owner, Joe Monteiro, notes that it’s one of the main things he looks for when it comes to potential hires, citing the innate toughness displayed by many vets and how it translates into the quality of their work.

“In construction work, you need team players. You don’t need a guy that thinks he knows it all and can do it all, because you can’t,” he said. “If you don’t have your co-workers working alongside of you, they’ll bury you, and how they bury you is by not performing or making you look bad.”

The Caesars Forum convention center, a $375 million project, is currently in the midst of construction; PENTA Building Group, the general contractor responsible for it, features a workforce made up of over 15 percent of military vets, and is on the lookout for more at any given time, according to PENTA’s marketing manager Tim Putnam.

“We understand there’s great talent in the military,” he said. “It’s great being able to say we’ll help them transition to civilian life, and hopefully we gain a great employee in the process.”

If you are considering relocating in or around the Las Vegas area, which clearly is experiencing huge growth and a booming job market,  give us a call at 702.376.7379 so we can answer any real estate and home relocation questions you may have.

LAS VEGAS, NV – The expansion of the Las Vegas Convention Center – an ongoing project that is estimated to carry final costs upwards of $1.4 billion – continued last week when the Las Vegas Convention Center District Committee recommended the approval of a contract for builder representative to take charge of the final phase of work, with the Las Vegas Convention and Visitors Authority (LVCVA) board of directors set to vote on the matter on November 13.

Cordell Corp. is slated to oversee the final phase of the expansion and renovation of the Las Vegas Convention Center, a project that will take the form of a three-story building with the first floor encompassing exhibition halls, a main lobby, a food court, kitchen, office space, and storage; the remaining two floors will house meeting and conference rooms, support spaces, and roof-based 25,000-square-foot outdoor terrace that can host a number of different events. The expansion is slated to add 1.44 million square feet of space to the convention center.

Cordell’s bid for the work is the form of a $13.5 million contract that the LVCVA is expected to approve.

The ongoing labor has seen the relocation of power lines to better serve the needs of the venue, and the excavation of the previous parking lot area in order to produce a suitable space for the construction of an adequate foundation for the building, consisting of columns of concrete reinforced with rebar. Two smaller buildings – a visitor center and restrooms – were demolished to make way for the project, and the Paradise Road pedestrian bridge adjacent to the property will be connected to the new building once construction is complete.

Project officials currently contend that construction is on-schedule for completion by January 2021, with the hopes that the new exhibition hall will have the ability to host that year’s International Consumer Electronics Show.

The expansion was started, according to LVCVA officials, due to the fact that the existing Convention Center has simply outgrown its current configuration, inhibiting its ability to evolve and grow. The new construction and renovation to the property is expected to allow the facility to better host the many trade shows, conventions, and special events that take place in Las Vegas on a regular basis. With the growing economy and job market in the region over recent years, there’s more of a need than ever to accommodate the influx of new businesses and organizations which need a venue for their events.

Once the new building is completed, work will shift over to the Convention Center’s four pre-existing exhibition halls, with a two-year large-scale renovation plan slated to enhance and improve every aspect of these facilities. Expected additions are food carts, restaurant and bar facilities, retail sales, and live entertainment venues.

If you are considering relocating to the Las Vegas area which is experiencing huge growth and a booming job market,  give us a call at 702.376.7379 so we can answer any real estate and tenant related questions you may have.

LAS VEGAS, NV – While the nation is keeping their eyes on the ever-evolving and expanding housing market of Las Vegas, Nevada, a directly-related market that often gets overlooked – the rental market – is also experiencing a massive period of growth. Much like homesteads in the region, rental units, such as apartments and condominiums, are in big demand, short on supply, and growing in price.

Las Vegas rental prices are increasing at one of the fastest rates in the United States, according to reports, while vacancy is at an all-time low; essentially, this means that there aren’t enough rentals to go around, and that’s driving prices up to significant levels. Developers are in the midst of efforts to create more apartment buildings and condos to satisfy demand, but at the moment they’re falling short of necessary construction goals.

Currently, the typical Las-Vegas-based apartment in the third quarter of 2018 is pulling in an average rent of $1,020, which represents a jump of 5.8 percent from the same period in 2017. While this amount is far below the average price of an apartment in other, more expensive regions of the county – which lies in the $1,300+ range, currently – it still is an increase of 5.8 percent from one year ago, which means that prices in Vegas, while still more affordable than the national average, are still going up at record speed. The availability of rental units in Vegas is a large contributor to the rental hikes as of late, reports show- currently, the vacancy rate for apartments and condos in Southern Nevada stands at 3.6 percent.

However, homes rentals are also feeling the squeeze, with prices increasing at similar rates as they are for apartments; as of press time, rent for a single-family home in Vegas for June has jumped 5.7 percent over the same period in 2017, and while it has been surpassed in recent months by other cities, in early 2018 Vegas had the fastest-climbing rental rates in the United States. Southern Nevada boasts a large number of rental homes on the market, due to the fact that investors bought numerous houses on the cheap during the recession and have since retained the majority of them (as opposed to selling) rental properties.

As the region’s economy recovered and bounced back after the recession ended, the influx of new businesses and jobs greatly increased, along with the number of newly-transplanted residents; as a result, housing demand grew…along with rental prices. As mentioned before, developers are struggling with producing new housing options for residents hungry for shelter, but until they catch up, demand – and, correspondingly, prices – is sure to continue its upward ascent.

If you are considering investing in or around the Las Vegas area give us a call at 702.376.7379 so we can answer any questions you may have.

NEVADA – The Las Vegas real estate market has seen massive growth in the last several years on a slow and inexorable path back to its pre-recession levels. This growth, in turn, goes hand-in-hand with the huge growth of the local economy, with people and businesses moving en masse to the region in hopes of a more prosperous future. And among these new transplants are an ever-greater amount of Californians looking to leave their highly-taxed state for the far more affordable Southern Nevada area.

Real estate experts are reporting that a growing number of wealthy California residents are engaging their services for luxury properties, lured by facets of the area’s low cost of living when compared to their homes state. An especially big draw for Californians is Nevada’s lack of state tax, as well as a great deal more in the way of elbow room when compared to many densely-populated areas of California.

However, it’s not only elite Californians who are flocking to Las Vegas in search of a better deal; experts say that even the middle classes are doing so as well in record numbers, and when you look at home prices in California and Nevada, it’s easy to see why. In Los Angeles, for example, the median home price is currently in the neighborhood of a whopping $630,000, compared to only $262,000 for a similar property in Las Vegas. Who can blame a hard-working family for wanting more for much, much less?

But the downside to this phenomenon is that the constant influx of new arrivals from California is serving to drive up the prices of homes on the Vegas market, which in turn can make things more difficult for a family just starting out to find a new home of their own. However, with a far greater emphasis on construction efforts in the region in order to meet the ever-growing demands of new arrivals, experts are anticipating that the real estate market will eventually stabilize and retain its affordability.

Previously, due to shortages of workers, contractors were having difficulty keeping up with demand, and any available property on the market would often go for vast sums of money. With this issue seemingly resolved – builders have resorted to offering impressive incentives to attract help, with great success – more homes and apartments are appearing on the market, which should allow Las Vegas to retain its low cost of living amid its record-breaking growth spurt.

The increasing number of new homes being constructed, however, will now take away from the value of properties on the Las Vegas real estate market, however, with experts giving assurances that the region is – and will remain – very much a “sellers market,” albeit a slightly more reasonably-priced one.

If you are considering relocating in or around the Las Vegas area, which clearly is experiencing huge growth and a booming job market,  give us a call at 702.376.7379 so we can answer any real estate and home relocation questions you may have.

Officials Report Las Vegas Raiders Stadium Construction On-Time, On-Budget

LAS VEGAS, NV – Construction on the Las Vegas Raiders Stadium is going along as planned, according to team officials, with the project currently at the 15 percent finished mark and proceeding both on-time and on-budget since its Nov. 15, 2017 groundbreaking. At this rate, without any surprises or mishaps, the stadium is well on its way of meeting its stated goal of hosting the start of the newly-transplanted NFL team’s 2020 season.

The $2 billion, 65,000 seat project – funded in-part by a bump in the existing Las Vegas hotel room tax to the tune of $750 million – is currently in the process of excavating a million cubic yards of earth for the construction of the stadium, although developers are unable to rule out the possibility of unearthing something that could create an unexpected snag in their timeline. While unforeseen issues are common when involved in project of this scale, but for the time being, things are proceeding smoothly, according to Minneapolis-based general contractor Mortenson Construction; almost 500 workers are now engaged on a daily basis in concrete work on walls and columns that will form the main support structures for the upper levels of the stadium.

August will see the arrival of prefabricated steel from suppliers in Wisconsin, with which developers will begin working on the vertical component of the construction phase; concerns that tariffs ordered by President Donald Trump on steel and aluminium would inflate projected costs of the project which are largely unfounded, developers said, as the majority of the raw materials were already ordered before said tariffs were implemented. There could be some minor price variations in cost when it comes to materials used by subcontractors, it was noted, but nothing that will affect the overall budget of the project.

The arrival of two cranes – each able to lift in excess of 2,000 tons – are anticipated soon, and will be utilized in raising the translucent polymer roof into position once it has been assembled at the construction site; once placed, the structure supported via a crisscrossing network of Swiss steel cables. In addition to the Raiders Stadium, work is also underway on a $100 million training facility and team headquarters located in the vicinity of Henderson Executive Airport, although according to reports that work is not proceeding at the same pace at on the stadium.

Meanwhile, little news has been made public by Raiders representatives as to the pricing of ticket packages, personal seat licenses, or general game admission; despite this, many individuals and organizations have already put money down in anticipation of when ticket information is finally announced, signifying the intense excitement that is being generated by the impending arrival of the Raiders to their new home in Las Vegas.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.