With the improving economy, now is a good time to get into commercial real estate in Henderson, Nevada. Once your commercial project is completed, look up and you will see the latest and greatest in fire sprinkler systems and know that you and your business are safe. Technical advances in fire sprinkler technology are making all of us safer. It is not just technology that is changing, but also the building codes and enforcement that determine where fire systems are required, especially, in commercial construction. As we go about our day to day business there are thousands of things we take for granted. Shopping for groceries, going to the hardware store, picking up a package at the post office and often in our own homes all we have to do is look up, look closely and there they are. Protecting us twenty four hours a day, seven days a week. Hopefully, they will never be used. Are fire sprinkler systems a recent technology developed to protect us? Actually no, the concept has been around for centuries.
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Southern Nevada - seems an unlikely place to draw over 2 million residents. The area gets on average 4 inches of rain per year making it one of the driest places on Earth. The summers are well over 100 degrees and the winters tend to be cold and windy. It is a harsh environment. Regardless, here are 10 factors which have influenced development making the area not just livable, but a goldmine for investment and a place people are happy to call home. 1: Las Vegas is Spanish for “The Meadows”. The valley had natural springs and abundant wild grasses that attracted the first settlers over 10,000 years ago; the Anasazi and Paiute Indian tribes. In the mid 1800’s the natural springs attracted the LDS Church from Salt Lake City as a midpoint between Los Angeles and Salt Lake City. Residents of the Las Vegas Valley over the past dozen years have been on a housing rollercoaster. It all started around the beginning of the new millennium. In the 1980’s and 1990’s the valley experienced modest, but consistent single digit increases in the price of housing. Then the roller coaster began. Fueled by unregulated speculation, housing prices climbed and climbed and climbed. For approximately six years everyone bought houses if they could afford them or not. Finally, the housing market collapsed giving back years of appreciation. For several more years the value of homes remained at low levels as ramped foreclosures kept a dark cloud over the market; until now. 85 percent of Nevada is owned by the Bureau of Land Management. What does this mean to the average Nevada resident? It takes a full day to drive from Southern Nevada to Northern Nevada and all there is to see is wide open desert. All that land is controlled by the Federal Government and is not for private ownership. Well… not exactly. For example look at Southern Nevada, specifically the Las Vegas Valley. This part of Nevada is home to numerous large master planned communities. Communities like Southern Highlands and Sun City Anthem are home to thousands of residents along with commercial property to support the neighborhoods. Where did the developers get the land for these large communities? The land came from the Bureau of Land Management (BLM) through public auctions or land swaps for environmentally sensitive private land. For those in Las Vegas construction, and related fields the past 6 years have taken their toll. Financially and emotionally, it has been a rough ride. Prior to 2008 our economy was the strongest in the country year after year. The Vegas Valley led in development projects spawned by the highest population growth in the nation. Then it all came to an end. In a blink of an eye the statistics changed and the Las Vegas Real Estate market took the lead in unemployment and foreclosures. Today, in 2014 we feel the worst is behind us. The sensation of excitement in the construction industry is back. The steel skeletons that have dotted our skyline are getting completed and houses are being built again. Vegas is back baby! Maybe not as robust as before, but good enough to lift our heads again. Here are a few of the Developments that are boosting the Vegas economy: |