Attentus Advisors

Hear Rick Chichester talk about the state of the commercial real estate markets and the opportunities ahead.

Between the first Stimulus Bill and the Omnibus Bill, nearly $90 billion has been allocated for alternative energy initiatives. Based on some interesting facts we’ve uncovered, we are placing our bets that Nevada will get more than its fair share of the alternative energy dollars. Here’s why:

• The Power Grid for the Western U.S. is centralized in Nevada
• The Government owns over 84% of the State making it easy to provide affordable land for new energy installations.
• Nevada is rich in geothermal and wind resources and averages 300 days of sun per year, ideal for solar energy installations.
• Harry Reid, the Senate Majority leader, represents the State of Nevada. His hometown of Searchlight is adjacent to one of the most desirable solar fields in the State.
• Nevada has one of the highest unemployment rates (47th out of 50 states) in the Country.

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Many of the challenges we face in the real estate sector are merely a repeat of what we experienced in the late 80s. What no one is talking about is the tremendous opportunity we have to create over 360,000 new jobs in our
struggling economy over the next 12 to 18 months.

The domestic real estate industry represents $1.6 Trillion or 8.5% of the U.S.’s Gross Domestic Product. The global capital crisis is impacting all aspects of the real estate market including brokerage, development, asset management, lending, and the countless support industries to the real estate sector.

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