Industry News

On June 14, 2018 City of Henderson planning commissioners unanimously approved our newest project Apex 582 located on the southeast corner of Boulder Highway and Galleria. This mixed-use site is situated on 19+/- acres and is slated for 336+/- multifamily units and 30,000+/- sq. ft. of retail. TRU Development has worked diligently alongside architect Ed […]

Los Angeles residential development is thriving with a record breaking 2,831 units new to the market located at 11 projects. There is a combined 40,000 more units in the pipeline identified as under construction and proposed. With so many units hitting the market it will skew the percentages, however, the market is showing that these […]

It’s been one week since our official ground-breaking ceremony and we are still riding the wave of excitement that was generated during our ceremony. The attendee list was a knock out with Commissioner Brager, Mike Shannon, Brad Marlon – Ownership, Whiting Turner, Gina Slater – Pinnacle, Allen Kaercher – Kaercher Insurance, John Sawdon – SH […]

On December 20, 2017, the Board of County Commissioners unanimously approved item 19 – ZC-0827-17-SPANISH TOWERS FUNDING, LLC: ZONE CHANGE to Urban Village – Mixed Use USE PERMITS 1) High Impact Project 2) Increase Density 3) Increase Height DESIGN REVIEW a proposed mixed-use development Kaktus Life III is located at 8030 W. Maule Ave, Las […]

On August 21,2017, Whiting Turner began laying the ground work with underground utilities, offsite improvements and grading for a 210 multifamily project with 21,600 square feet of boutique style space designed as tenant amenities.  The property is located at 10650 Dean Martin Drive minutes away from the new Las Vegas Raiders stadium, McCarran International Airport and […]

TRU Development closed on a $41.5MM construction loan with Goldman Sachs on November 8, 2017. The loan will fund our Kaktus Life I project located at 10650 Dean Martin Drive, Las Vegas. The project is designed for 210 multifamily residential apartment units and 21,600 square feet of retail, restaurants or professional space. Kaktus Life I […]

Grether and Grether, a registered historic landmark, was originally commissioned in 1921. It now boasts 13,856 square feet of retail and mezzanine space and 72 luxury lofts. The lofts are a mix of studio and one-bedroom units overlooking either Santee Court or Los Angeles Street. This historic restoration shows a pride of ownership with desirable […]

Las Vegas MSA grew 21,600 jobs Y-o-Y on a trailing 12-month basis. Employment at record highs and no signs of abating. Las Vegas lost 134,400 jobs during the recession, a decline of 14.4 percent. Since bottoming out, the region has added 183,900 jobs, an increase of 23.1 percent. Employment currently stands 49,500 higher than the […]