Southern Nevada and Las Vegas State of the Market

Wed Jun 10, 2026

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Southern Nevada and Las Vegas State of the Market

Exploring Investment, Operations, and Development Trends Dominating Sin City

Wednesday June 10 2026 @ 8:00 AM PDT

$110.00

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Speakers and Panels

Keynote

Shelley Berkley

Mayor, City of Las Vegas

Alison Burk

Partner & VP, Development, Fore Property

Armen Hadjimanoukian

Armen Hadjimanoukian, 32, was born and raised in Los Angeles, where his passion for the built environment and its role in fostering thriving communities was instilled early on. A graduate of the University of California at Los Angeles (UCLA), Armen majored in Economics with a minor in Urban and Regional Studies, combining his love for cities with a solid foundation in finance and planning. Hailing from a family dedicated to public service, Armen charted his own course in the private sector, seeking to make an impact by shaping communities and building places where people could live, work, and grow. He began his career in mortgage banking as an analyst, placing loans on a diverse range of asset classes, including retail, multifamily, and self-storage. While financing buildings was intellectually stimulating, Armen yearned to take a more active role in creating the spaces he envisioned. In 2016, Armen relocated to Las Vegas after receiving an offer from Ovation. Though new to the city, he quickly connected with its vibrant culture and community, making Las Vegas his home. At Ovation, Armen began in Construction Project Management, gaining firsthand experience in the complexities of constructing buildings, managing costs, mitigating risks, and delivering quality products in a challenging industry. This experience proved invaluable, giving him the foundation to step into the role of Director of Development at Ovation in early 2024. As Director of Development, Armen plays a pivotal role in driving Ovation’s mission to provide much-needed housing for Las Vegas residents. He oversees land procurement, entitlements, plan development, financing, construction oversight, and community integration as projects are completed. Ovation has become a cornerstone in addressing the region's housing challenges, including developing affordable housing for individuals earning under 60% of the area median income (AMI). This work is particularly critical as housing costs rise and more families face financial strain. Beyond his professional achievements, Armen is deeply committed to giving back to his community. He serves on the board of Moonridge Group’s Moonrise Initiative, an organization dedicated to fostering accessible volunteer opportunities for young people by partnering with local nonprofits. Armen is also actively involved with UNLV’s Real Estate & Business Society (REBS), mentoring students who are passionate about real estate. This year, Armen and Ovation are serving as development sponsors for a team of UNLV students competing in Bank of America’s 2025 Affordable Housing Challenge. This collaboration offers students practical knowledge and firsthand experience in affordable housing development, helping to cultivate the next generation of leaders in the industry. Additionally, Armen is a council member of the Nevada Clean Energy Fund, where he contributes to advancing a clean energy economy in Nevada by increasing investments in sustainable projects to combat climate change. In his free time, Armen embraces all that Las Vegas has to offer, from hiking in Red Rock’s Calico Basin to skiing at Lee Canyon and exploring the city’s burgeoning food scene. Armen’s dedication to his work and community embodies his belief that the places we build today create the foundation for a better tomorrow.

Ovation

Director of Development

Armen Hadjimanoukian

Director of Development, Ovation

Jay Tanjuan

Director, Development, Scannell Properties

Robert Schulman

Chairman, Schulman Properties

Tom Hanrahan

Director, Asset Management, MCA Realty

Why You Should Attend This Vegas State of the Market Event

What You'll Learn:

Which major projects are driving the Las Vegas pipeline, from retail and hospitality to data centers, multifamily, arenas, and hotel residences and what they mean for the region’s long term growth.
How are investors and developers adapting to a more selective market cycle? Hear strategies for navigating longer sales timelines, rising cancellation rates, construction costs, interest rate pressure, while maintaining profitability and project momentum.
What asset classes are commanding the most attention and why? Analyze the continued strength of industrial and data centers, the recalibration of hospitality amid tourism fluctuations, the evolution of retail, and the shifting dynamics within multifamily and condo development.
How are tourism trends influencing investment and development decisions? Discover how hospitality operators and retailers are responding to softer visitor volumes while positioning for long term growth in one of the world’s most experience driven markets.
How is infrastructure keeping up with growth? Explore how rising power demands from data center expansion, along with zoning constraints, land availability, and capital allocation strategies, are influencing what gets approved, financed, and built next in Las Vegas.
What challenges are top of mind for owners and developers? From inflation and shifting regulations to limited land supply and growing municipal pressures, hear how the industry is navigating its toughest obstacles in today’s market.

How You'll Do More Business: As Las Vegas remains one of the country’s most active commercial real estate markets, it is entering a more strategic phase of growth and recalibration. In Q4 2025, retail sales reached $91.5 million across more than 380,000 square feet, a 31.7% quarter over quarter increase that pushed annual volume to $543.5 million, up 54% year over year, while the office sector recorded 265,949 square feet of leasing across 110 deals, bringing year to date activity to just over 2 million square feet, an 11.2% pullback from last year. From new retail and hospitality projects adjusting to tourism shifts to multifamily strategies responding to slower home sales and major AI driven data center acquisitions, the market continues to evolve across asset classes. The Las Vegas State of the Market brings together leaders across hospitality, retail, industrial, multifamily, and commercial real estate to deliver a comprehensive and forward looking perspective on where the market is headed. This event goes beyond the headlines to examine the real constraints and opportunities shaping Las Vegas in 2026 and beyond, from tourism trends and buyer leverage to power infrastructure, construction costs, capital deployment, and deal structuring in a rapidly evolving CRE environment.

Why You Should Attend: Bisnow events convene the most influential leaders in commercial real estate and healthcare to identify opportunities, build meaningful connections, and drive business growth. With the largest audience of commercial real estate professionals in the world, Bisnow delivers unmatched access to the people, projects, and insights shaping the market. Join us for a focused look at the Las Vegas market and the strategies defining its next phase of growth.

Who You'll Network With At This Discussion: Owners, Developers, Investors, Financial Institutions, Government Officials, Architects, Construction, Designers, Brokers, & Lawyers.

For information on sponsorship, pricing and availability at this event, contact avery.warren@bisnow.com. For questions, recommendations, comments or press inquiries please email our event producer, Emily Cox at emily.cox@bisnow.com.

Agenda

Time	Activity
8:00 AM 9:00 AM	Networking, Breakfast & Coffee
9:00 AM 9:30 AM	Keynote: Mayor Shelley Berkley
9:30 AM 10:15 AM	Multifamily Momentum Demand, Development, and Delivering the Housing Solutions for A Growing Population
10:15 AM 10:45 AM	Quick Break!
10:45 AM 11:30 AM	Major Development Projects Reshaping the Urban Landscape Diving Deeper into Data Centers, Retail, Arenas, Hotel Residences, and Tourism-Driven Builds
11:30 AM 12:00 PM	More Networking!

Vegas News and Projects

Want to get a recap of everything covered at the event?

Purchase the post-event summary and get the highlights sent to you in a post-event summary. Purchase here.

Call:	202-684-2034
Email:	eventregistration@bisnow.com