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City Scoop: Las Vegas
Construction Starts Rich Data from McGraw-Hill Research & Analytics
TOTAL CONSTRUCTION Actual
2007
Actual
2008
Actual
2009
Forecast
2010
Forecast
2011
($ Millions)
$12,020 $6,720 $4,619
$2,163 $2,724
NON-RESIDENTIAL
Commercial & Manufacturing
Stores & Shopping Centers
Office & Bank Buildings
Hotels & Motels
Other Commercial Buildings
Manufacturing Buildings
$5,516 $2,987 $2,648
$3,335 $2,025 $1,583
$720 $354 $74
$284 $345 $95
$1,690 $1,007 $118
$602 $310 $1,296
$38 $10 $0
$503 $812
$133 $348
$44 $57
$24 $33
$13 $36
$50 $195
$2 $27
INSTITUTIONAL
Education Buildings
Health-care Facilities
Other Institutional Buildings
$2,181 $961 $1,065
$584 $342 $165
$62 $153 $383
$1,535 $466 $517
$371 $464
$41 $217
$15 $26
$315 $221
RESIDENTIAL
Single Family
Multifamily
$4,615 $1,186 $622
$2,046 $841 $560
$2,569 $345 $63
$696 $832
$676 $733
$19 $99
TOTAL NON-BUILDING
Highways & Bridges
Other Public Works
Environmental Public Works
Electric Utilities
$1,890 $2,548 $1,349
$334 $754 $225
$633 $434 $197
$259 $1,233 $224
$664 $127 $673
$964 $1,079
$588 $425
$86 $236
$205 $352
$86 $66

 

Total Picture  

 

Firms in Focus Burke Construction Group
3365 S. Wynn Rd., Las Vegas

CEO: Kevin Burke 2009 Revenue: $71.4 million Founded: 1984

What's New: Began building $12.7-million College Villas Senior Living Apartments in Henderson, plus the $5-million renovation of Western High School for Clark County School District in Las Vegas.

 

City Grill  

Ted Giza

Ted Giza Bus. Dev. Manager
New-Com Inc.
“The immediate funding of infrastructure projects, both new and upgrades, is critical to the overall vitality of the regional economy, particularly the construction sector.”


John Restrepo

John Restrepo Principal
RCG Economics
“It appears that we have reached a bottom regarding the Las Vegas economy. That said, we expect a relatively anemic recovery because of the lack of strong job creation. We see little, if any, speculative commercial construction for at least the next three years.”

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