Ron Cadman: Downtown Las Vegas Is Building Up

Las Vegas may be called Sin City, but what’s happening there on the real estate front is anything but sinful in the eyes of many real estate investors and professionals in Alberta, Canada, and the United States. Key construction projects are bringing a wealth of jobs to the downtown areas of Las Vegas these days, and the benefits are plentiful, according to Ron Cadman of Investar USA. Let’s take a look at how Las Vegas’s real estate projects are being viewed as a boon to the local economy.

A city councilman in Las Vegas, Cedric Crear, this past spring hosted a fair for people seeking jobs due to the large amount of construction taking place in the city’s downtown area. The goal of the fair was to help people to learn how they could take full advantage of these construction industry job opportunities during a job fair this past summer.

One company that helped with the event is Martin-Harris Construction, which was working on a brand-new municipal courthouse in the downtown area. Crear also received help from Penta Building, which was completing work on a center project that was valued at $100 million and was expected to bring a whopping 500 job positions to the area.

So, what types of job positions need to be filled in the midst of Las Vegas’s construction bonanza? According to contractors, just about any type of skill set is needed, including those of skilled tradesmen and laborers.

The growing number of construction projects taking place in Vegas is great news for people looking for work, and it’s also good news for real estate investors, as it demonstrates that promise of the Las Vegas commercial real estate market in 2019. As long as the momentum remains strong, both current real estate investors and aspiring investors have a lot to look forward to in this dynamic industry in 2020 and beyond.

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