[Bisnow] What Recession? Construction In The San Fernando Valley Chugs Along

Learn More About Our Commercial Construction Focus!

[Bisnow] What Recession? Construction In The San Fernando Valley Chugs Along

By Alberto Mirabal | September 27, 2019

According to a recent article on Bisnow, construction in the San Fernando Valley keeps chugging along despite talks of an impending recession. The gross domestic product of the San Fernando Valley has increased by 4.3% annually between 2014 and 2018, dominating Ventura, Los Angeles and Orange County. That growth is supported by projects ranging across asset classes, from new hotels, office buildings and retail spaces to renovations at healthcare centers, schools and museums.

Additionally, the article states, “year-over-year job growth in the Valley hit 2.4% in 2018. But in construction, employment ballooned by 6.7%.”

Alberto Mirabal, AVP within Energy and Engineering specializing in commercial construction and development shares his thoughts on the construction boom in the San Fernando Valley.

“As big cities continue to become too expensive for young professionals and new families, people are fleeing into suburban areas such as the San Fernando Valley. This trend has created the need for new hotels, office buildings, healthcare centers and schools in the area. Additionally, the 2028 Summer Olympics that will be hosted in Los Angeles have driven the need for infrastructure updates and new commercial construction throughout LA County despite concerns of an upcoming economic downturn.”

To learn more about construction in the San Fernando Valley, read Bisnow’s original article.

 

READ THIS ORIGINAL ARTICLE ON BISNOW.

 

About the Author
Alberto Mirabal

Alberto is an Associate Vice President of Commercial Construction & Development in Los Angeles.

He works with General Contractors, Developers, and Construction Management & Consulting Firms in the West Coast. His network of renown national and regional firms gives him access to some of the largest construction projects in California.

Alberto recruits and builds out entire teams from executive level positions to project engineers. He has a deep understanding of the entire construction lifecycle from preconstruction and estimating to project delivery. His vast knowledge of new projects in development allows him to connect top talent with ENR-ranked firms.

He is fascinated by construction and loves having the opportunity to see projects his clients and candidates are working on rise from the ground up.

Alberto graduated from the University of New Mexico with a Bachelor of Business Administration with a concentration in Marketing. He was born in Guanajuato, Mexico and moved to the US at age 10 – being bilingual has been a huge asset when speaking to construction professionals.

Outside of the office, he loves to stay active and is obsessed with music. On any given weekend you can catch him on a hike or at a live music event.

 

Read More About the Author

Leave a Reply

Your email address will not be published. Required fields are marked *

Decode The Science Behind Motivation In The Workplace & How To Improve Its Quality

Unlock Your Motivation At Work!