With little hope of significant job market improvement, the Las Vegas commercial real estate sector next year will look about the same as it did this year, Grubb & Ellis said. The commercial property recovery will get under way in 2011, but the nation won't get back the jobs lost in the recession until about 2014 or 2015, the firm said. "I don't think it [2010] will be worse," said Dave Dworkin, a research analyst for Grubb & Ellis in Las Vegas. "It will be more of the same."

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