On the Rise: Commercial Building Rebounds

Commercial building in Nevada has also had to adapt to a shortage of skilled labor as a result of the recession, according to Grein.

For the first time since 2007, when the recession decimated their industry, commercial builders in Nevada believe the industry is finally snapping back. “The recovery is slower than anybody wanted it to be, but the good news is that it is recovering,” says Ray Sedey, executive vice president of McCarthy Building Companies in Las Vegas. “Construction is recovering, but we’re … [Read more...]

Builders and Developers: Bullish on Nevada

Commercial real estate, which saw many projects stalled mid-recession, is finally moving in Nevada: contractors are hiring and builders are returning.

Nevada’s skyline is once again changing. Commercial real estate, which saw many projects stalled mid-recession, is finally moving: contractors are hiring and builders are returning. But is there activity across the board in all industry sectors – industrial, office, retail, mixed-use – or are some moving faster than others? Does it spell recovery? Or another boom and bust … [Read more...]