Southern Nevada & Las Vegas Commercial Real Estate State of the Market

Wed Sep 25, 2024

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Southern Nevada & Las Vegas Commercial Real Estate State of the Market

Analyzing CRE Trends, Market Outlook, Asset Class Performance & Development Pipeline

Wednesday September 25 2024 @ 8:00 AM PDT

$109.00

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Speakers and Panels

Lorenzo Doumani

Lorenzo Doumani has always been a bit of a “rebel”—and not just because he’s a native Las Vegan. The son of Las Vegas pioneer Edward Doumani, Lorenzo was immersed in the hospitality and development business from an early age, working every conceivable job at his family’s iconic El Morocco and La Concha Motels (designed by legendary architect Paul Revere Williams) —as well as getting to observe the development process from conception to completion on the Tropicana and Golden Nugget Hotels—carefully studying and learning from such visionaries as Jay Sarno (Caesar’s Palace, Circus Circus) and Steve Wynn (his father’s former business partner). In 2000, he formed Majestic Resorts to redevelop the Las Vegas strip property on which the La Concha & El Morocco sat. As CEO of Majestic, he completed plans, entitlements and funding on the proposed $650 million Waldorf Astoria condominium hotel. In October 2007, he sold the fully entitled project to developer Triple 5 for $180 million. In 2009, Lorenzo decided to go back to school, attending UCLA and obtaining his MBA in 2011. In 2013, Doumani purchased the historic Hollywood “Park Hill” estate from pop star Katy Perry in 2013. The property, which was in shambles, provided Doumani the opportunity not only to restore the estate to its 1920’s glory, but to reinvent it as a new LA icon in his own signature style; timeless contemporary elegance. The “Park Hill” restoration & redevelopment project was completed in 2016 (www. ParkHillEstate.com). In 2014, Lorenzo purchased a 6.1 acre site on Convention Center Drive—less than two blocks from the Strip and across the street from the new Las Vegas Convention Center. He imploded the former Clarion Hotel (which occupied the site) in early 2015, then began developing the Majestic Las Vegas—A throw-back to the 1960’s—drawing inspiration from Paul Williams’ iconic La Concha design.

Majestic Resorts

Partner

Lorenzo Doumani

Partner, Majestic Resorts

Gary Scott

Principal, Ridgeline Hospitality Group

John Orsak

Senior Vice President, Lincoln Property Company

Phillip Dunning

Senior Development Manager, Panattoni Development Company

Judy Chen

VP, Development, Dream - Hyatt Hotels

Joe Fitzpatrick

EVP, Architype

Candra Mathis

Co-Studio Director & Hospitality Principal, Gensler

Ross Edwards

SVP, McCarthy Building Company

Remarks From The Podium

Heidi Henderson

EVP, Engineered Tax Services

Why You Won't Want To Miss This CRE Conference:

What You’ll Learn:

What major developments are we seeing in the Southern Nevada and Las Vegas pipeline?
Which commercial projects will have the greatest impact on residents, employers and tourists of Las Vegas, Henderson and Summerlin?
What areas within Las Vegas and the surrounding areas are developers, owners and industry leaders finding the most opportunity to deploy capital in today’s market?
How are industry leaders getting creative in providing an experience to those living, working, playing and visiting the area?
Which asset classes are investors most bullish on?
How is the demand for both business and leisure travel shaping the region's development and investment plans?
What are the main pain points the local CRE industry is facing, and how are owners and developers overcoming these hurdles?
With the recent emergence of popular sports teams calling Las Vegas home, how is this impacting commercial real estate throughout the region?
How have recent sporting events such as Formula 1’s Grand Prix and the 2024 Super Bowl affected CRE in the Las Vegas market?

Who You'll Network With At This Discussion: Owners, developers, investors, architects, construction, designers, brokers, leasing agents, lawyers, financial institutions and government officials.

How You'll Do More Business From Attending This CRE Event: As Southern Nevada and Las Vegas climb the ranks to be among America’s major CRE powerhouse cities, the commercial real estate market has seen several opportunities. Join industry leaders as they discuss the demand for CRE and how it impacts the development and construction pipeline throughout Las Vegas, Henderson, Summerlin and surrounding cities. Gain insight on best practices, where opportunities lie, and how industry leaders are adapting to meet the ever-growing demand for CRE in Southern Nevada.

Why You Should Attend This Session: Bisnow events bring together the biggest power players in the industry to identify opportunities, build your network and expand your business. With the largest audience of commercial real estate professionals in the world, no one knows how to help your business more than us.

For questions, recommendations, comments or press inquiries please email our event producer, Samantha D'Angelo at samantha.dangelo@bisnow.com. To request disability-related accommodations, please contact rachel.sundin@bisnow.com no later than seven business days prior to the event.

Agenda

Time	Activity
8:00 AM 9:00 AM	Breakfast, Coffee And Networking
9:00 AM 9:45 AM	Enhancing Luxury Hospitality Assets Maximizing Property Values, Optimizing Operational Strategies, Elevating the Guest Experience & Curating Cutting-Edge Concepts
9:45 AM 10:00 AM	Networking Break
10:00 AM 10:45 AM	Southern Nevada State of the Market Trends Impacting CRE Decision Making, Analyzing Investment Opportunities Across All Asset Types, Acquisition Activity & The Development Pipeline
10:45 AM 11:30 AM	More Networking!