A Union to Celebrate
The appointment of a top management Guru with outstanding domain expertise, to head a real estate company with superb resources, is always an occasion to celebrate for realtors such as I. One of the hidden secrets of the Las Vegas success story has been the careful blend of human and physical resources for optimal results. Many of us see Las Vegas for its glitter and glamour, and tend to forget the hard work and scientific management that goes on beyond the scenes.
While Las Vegas projects are living testimony to the advantages of free enterprise, the area still faces important challenges to retain its vanguard position as one of the top realty investment destinations of the world. I am really concerned at the run away inflation in both land and construction costs. Sure, investment appreciation has always been a prime selling point for getting people to put money in to new Las Vegas projects, and my clients know that I never lose an opportunity to make the point that you can make money by booking early. However, Las Vegas may be approaching a zone of diminishing returns in terms of value escalation, and we need to see the forest of staying competitive instead of merely exulting over the stratospheric prices at which celebrities make some isolated transactions.
I have noticed a trend of folk from the middle-class category moving in to Las Vegas in increasing numbers. They form the backbone of demand, which is how it should be. Nevada’s decades of sanguine planning has begun to show results, with job-hungry industries moving their manufacturing and support operations to the greater Las Vegas area. We have healthy demand now for people such as nurses, technicians and teachers, but where should such people stay? What will I do if I cannot afford to put a million dollars on the table for even a modest home? Move elsewhere obviously! Housing costs are beginning to play an increasing role in decisions that young professionals make about their careers, so Las Vegas better watch out.
I have always admired the American Nevada Company for its long term outlook. Their entire approach to the realty business is beyond approach, and I have watched them set high standards for others to follow. The Alliante projects of this modern and highly professional group, are my favorites. You can simply not admire the thought and creativity that must have gone in to the planning and design of the market, hospital and other major civic areas, as you stroll through the neighborhood. I love it when a client call takes me to Alliante, for American Nevada’s constructions here are truly works of art as far as I am concerned!
I am delighted to read that Bruce Deifik has come on board as President and CEO of American Nevada. This is great news for all of the State, but for Las Vegas in particular. I am sure that the new Chief will blend his incomparable knowledge with the skills sets with which his new ward is so well endowed, and we will have a champion team to add new zest to the fun of rooting for Las Vegas against every other realty investment destination in the United States!
While Las Vegas projects are living testimony to the advantages of free enterprise, the area still faces important challenges to retain its vanguard position as one of the top realty investment destinations of the world. I am really concerned at the run away inflation in both land and construction costs. Sure, investment appreciation has always been a prime selling point for getting people to put money in to new Las Vegas projects, and my clients know that I never lose an opportunity to make the point that you can make money by booking early. However, Las Vegas may be approaching a zone of diminishing returns in terms of value escalation, and we need to see the forest of staying competitive instead of merely exulting over the stratospheric prices at which celebrities make some isolated transactions.
I have noticed a trend of folk from the middle-class category moving in to Las Vegas in increasing numbers. They form the backbone of demand, which is how it should be. Nevada’s decades of sanguine planning has begun to show results, with job-hungry industries moving their manufacturing and support operations to the greater Las Vegas area. We have healthy demand now for people such as nurses, technicians and teachers, but where should such people stay? What will I do if I cannot afford to put a million dollars on the table for even a modest home? Move elsewhere obviously! Housing costs are beginning to play an increasing role in decisions that young professionals make about their careers, so Las Vegas better watch out.
I have always admired the American Nevada Company for its long term outlook. Their entire approach to the realty business is beyond approach, and I have watched them set high standards for others to follow. The Alliante projects of this modern and highly professional group, are my favorites. You can simply not admire the thought and creativity that must have gone in to the planning and design of the market, hospital and other major civic areas, as you stroll through the neighborhood. I love it when a client call takes me to Alliante, for American Nevada’s constructions here are truly works of art as far as I am concerned!
I am delighted to read that Bruce Deifik has come on board as President and CEO of American Nevada. This is great news for all of the State, but for Las Vegas in particular. I am sure that the new Chief will blend his incomparable knowledge with the skills sets with which his new ward is so well endowed, and we will have a champion team to add new zest to the fun of rooting for Las Vegas against every other realty investment destination in the United States!
posted by realestatevegas | 8:58 PM
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