The Revitalization of Las Vegas Commercial Real Estate

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This episode of The Crexi Podcast deep dives into the Las Vegas market with Adam Malan and Deana Marcello of LOGIC Commercial Real Estate.

The Crexi Podcast explores various aspects of commercial real estate in conversation with top CRE professionals in the industry. In each episode, we feature different guests, tapping into their wealth of expertise and exploring the latest trends in the world of commercial real estate. 

In this episode, Crexi’s Yannis Papadakis and Bob Drury chat with Adam and Deana about all things Las Vegas commercial real estate, including how COVID-19 did (or didn’t) impact the region and what makes Las Vegas an attractive investment option for buyers and tenants. 

Their wide-ranging conversation covers:

  • How Las Vegas proved its resilience during the pandemic and what fundamentals set the market up for success.
  • The top-performing submarkets in Las Vegas MSA and where demand is at its highest.
  • The surprising boom of retail and consumer spending in post-COVID Las Vegas, demographic gains, and the diversification of Las Vegas’ economy.
  • Advice for new investors seeking to enter Las Vegas commercial real estate and take advantage of the region’s business-friendly tax policies.
  • And much more!

Listen to the episode here:

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About Adam Malan:

Adam Malan and his partners founded LOGIC Commercial Real Estate in August 2015, a company of over 75 CRE professionals specializing in brokerage, property management, and capital markets. Adam offers clients more than 17 years of commercial real estate experience with career transactions totaling over $1B. He specializes in commercial REO, tenant and landlord representation, investment and owner/user sales, land acquisition, and development. In 2020, Adam was named NAIOP Southern Nevada’s Retail Broker of the Year.

Adam has resided in Las Vegas, NV, since 1988 and developed deep local connections within the real estate/business community and the region’s various political municipalities. Adam is an active member of the International Council of Shopping Centers (ICSC) and has previously served on the board of directors for NAIOP’s Southern Nevada chapter.

About Deana Marcello:

Deana started her career in the commercial real estate industry 11 years ago as a Brokerage Associate and has earned her way to serving as an Executive Vice President at LOGIC Commercial Real Estate. Deana specializes in retail assets and is well-respected by a prestigious client roster of institutional owners/investors, national credit retailers, and special servicers such as LNR Partners, Starwood, CW Capital, Greystone, Brixton, Midland, Starbucks Coffee Company, Chili’s Grill & Bar, Maggiano’s, Raising Cane’s, and Noodles & Company, along with private high net worth investors. 

Deana is a partner of the Malan Marcello Retail & Investment Advisors, the top-performing team at LOGIC Commercial Real Estate. She has been recognized as NAIOP Southern Nevada’s Retail Broker of the Year for 2015, 2016, 2017, 2019, and 2020 and has set several local and national records for retail investment sale prices and cap rates. Most recently, Deana was recognized as Connect Media’s “Next Generation” award winner. 

Deana is a graduate of NAIOP Southern Nevada’s Developing Leaders Institute, and she continues to give back. She takes pride in serving on committees, boards, and panels because it helps grow the NAIOP youth and prepares them to be lifelong, active members. Deana’s most recent volunteering accomplishment is helping unveil Las Vegas’ newest non-profit charity: Project Marilyn. She’s also helped raise funds for the Suicide Prevention Hotline and American Cancer Society. 

About Crexi:

Crexi is CRE’s fastest-growing marketplace, advanced technology and data platform dedicated to supporting the CRE industry and its stakeholders. From searching for properties to Intelligence, our easy-to-use platform is designed to help buyers, tenants and brokers close deals faster than ever imagined. With millions of users and trillions in property value, Crexi is your solution for CRE success.

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