Bizuayehu Tesfaye/Las Vegas Review-Journal

Ever since things went dead during the recession, developments are starting to return in Las Vegas, reports Jamie Munks of the Las Vegas Review-Journal:

While the recession ravaged the Las Vegas housing market, development efforts in recent years are pushing the city’s core into revival mode.

“To have a thriving downtown, we need to have people living downtown,” Economic Development Director Bill Arent said.

Condos are also returning to Sin City:

The downtown vacancy rate is hovering at about 5 percent, and some of the rental apartments downtown are converting to for-sale units, subtracting from the existing number of rentals.

Read more >