Developers plot latest projects for Apex in North Las Vegas

After finishing once-abandoned projects in Las Vegas and amassing a big portfolio of office space, real estate investor Ofir Hagay has taken on a new venture: developing warehouses.

And for his first project, he picked an area of Southern Nevada that is gaining momentum after years of not seeing much: Apex Industrial Park.

Hagay, founder of Moonwater Capital, and Weston Adams, CEO of Western States Contracting, told me they teamed up to develop an industrial park in Apex that would consist of multiple buildings on roughly 300 acres.

They are doing infrastructure work and hope to break ground on the first building, which would span more than 900,000 square feet, in the fourth quarter this year, Hagay said.