Grill of the city
Pete Tuffo
President, Las Vegas Office
Suffolk
Tuffo expects the Las Vegas market to remain active, particularly in gaming, hospitality and experience projects.
“While the pace of new starts has begun to slow, demand remains strong for renovations, extensions and service improvements that keep properties competitive,” he says. “Landlords are more selective, but a significant amount of work is moving forward as they invest in projects that improve guest experience and long-term value.”
Tuffo says one of the city’s greatest strengths is its resilience and ability to reinvent itself. “Tourism and entertainment remain powerful economic drivers, so owners are continually reinvesting in their properties to stay ahead of evolving guest expectations,” he says. As construction costs remain high, “projects will require more upfront planning, stronger cost controls and realistic expectations around budgets.”
Suffolk is currently overseeing the construction of the Four Seasons Private Residences, the Durango Casino & Resort North Expansion and the Campus for Hope, a large-scale community-focused development.
