LAS VEGAS, March 1, 2019 /PRNewswire/ — Lance Bradford is the President of Stable Development, a Las Vegas-based commercial real estate development firm who recently announced the acquisition of a mixed-use planned development from the City of Henderson that will house a mix of retail, office and medical space with approximately 300,000 square feet available for lease close the new Las Vegas Raiders corporate facility.
Lance is an expert in the industry and a key player in the commercial real estate market in Nevada and will tell you that in many ways the commercial real estate industry is thriving. Recently, executives representing builders and developers in Nevada met at the Las Vegas office of City National Bank to discuss building and development industries. At this event, Lance Bradford was asked his opinion on the future of financing and interest rates, where he stated "We just have to see where it goes. We’ve had quite a few good years here. There was good financing from a development standpoint to get things built. With these increases this past year and the unsettling of the tariffs, economy and the change in the government, it’ll be interesting. That could slow things down. On the good side of financing, I’m seeing more institutional capital start to come back. That’s positive. Through the recession, that really stopped to ground zero. So, from the capitalization standpoint, not so much the lenders, we’re starting to see institutional believers again and we’re seeing a lot of that. I hope that continues going because that helps offset uncertainty."
Lance Bradford has helped lead Stable Development in experiencing substantial growth over the last eight years even though the Las Vegas real estate market was enduring one of the worst economic downturns in its history. Other developments in Southern Nevada include: The Parkway in Summerlin, Corporate Center in the southwest region across from IKEA, Seven Hills Business Plaza and Coronado Medical and Surgery Center. To learn more visit https://lancebradford.info/.
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