Preview: Building Abundance

General contractors in the Valley region are riding high these days on a wave of construction hitting the greater L.A. area – and there’s no end in sight. Apartments, hotels, university buildings, detention centers, schools, sports stadiums and commercial renovations are boosting project volume and revenue, delivering record years to large and small contractors alike. The plentiful activity, however, has aroused concerns about labor shortages, rising material costs, land availability, project flipping and the greater presence of foreign investors that has prompted some firms to turn down certain projects because they can afford to be more selective. Read the full story in the Feb. 6 issue of the San Fernando Valley Business Journal.