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DISTRESS SIGNAL: The buzzword in commercial real estate for the last two years has been “distressed,” which is often put before “assets” to describe the state of the struggling local industry. But several reports suggest that the worst of the commercial real estate debt crisis may have passed.
North Las Vegas is known for its gritty resilience. Sure, the recession has hurt business and job growth. But the city continues to thrive with developments under way that signal a future economic comeback. The city issued more than 1,500 business licenses and welcomed 35 new companies during the last year. Twelve other businesses underwent significant expansion, including Southwest Gas Corp., Home Depot, Staples and Target.
