v e g a s i n c . c o m | M ay 1 5 - 2 1, 2 0 1 6
The Lido apartments, formerly the Camden Legends Apartments were part of a sale of 15 properties, a retail center and undeveloped land in the Las Vegas Valley. (steve marcus/staff)
Las Vegas’ apartment bubble? Industry professionals weigh in on the increased development of the rental sector By Eli Segall | STAFF WRITER
Las Vegas’ apartment sector has heated up the past few years with rising rents, shrinking vacancies, increased construction and higher investment prices. ¶ But amid fresh memories of the rapid real estate buildup that took the valley over the cliff less than 10 years ago, is the market overheating? ¶ Industry insiders say no, but they figure business has to apartm ents, Continued on page 15
$1.35B 35,000 Price that German investment firm JAB Holding will pay to buy Krispy Kreme, which has more than 1,100 shops in more than 26 countries.
Number of drivers who will be part of the Independent Drivers Guild in New York, which Uber Technologies Inc. agreed to start. The group will negotiate with the ride-hailing company but have less power than a union.
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CONTENTS
VEGAS INC MAY 15-MAY 21
GROUP PUBLISHER Gordon Prouty ASSOCIATE PUBLISHER Breen Nolan
NOTEWORTHY STORIES
05 06 18 Q&A WITH JENNIFER BRASTER
The treasurer of the State Bar of Nevada’s Animal Law Section and a founding member of the law firm Maupin Naylor Braster talks about education, animal rights and balancing her professional and personal obligations. THE NOTES People on the move, P4
MEET: BREAKTHRU BEVERAGE
Wirtz Beverage and Charmer Sunbelt recently merged. Senior Vice President Scott Blazek talks about the company’s business philosophy and vision, and the importance of Nevada as a test market. TALKING POINTS Get up to speed with traffic law for the left lane, P7
DATA AND PUBLIC INFORMATION A listing of local bankruptcies, bid opportunities, brokered transactions, business licenses and building permits. MORE VEGAS INC BUSINESS NEWS Calendar: Happenings and events, P17 The List: PR firms and advertising agencies, P21-22
EDITORIAL MANAGING EDITOR Dave Mondt (dave.mondt@gmgvegas.com) ASSISTANT MANAGING EDITOR/SPORTS AND DIGITAL Ray Brewer (ray.brewer@gmgvegas.com) STAFF WRITERS Kailyn Brown, Jesse Granger, Chris Kudialis, Megan Messerly, J.D. Morris, Daniel Rothberg, Cy Ryan, Eli Segall, Ricardo Torres-Cortez, Jackie Valley, Ian Whitaker COPY DESK CHIEF John Taylor COPY EDITORS Jamie Gentner, Brian Sandford SPECIAL PUBLICATIONS EDITOR Craig Peterson EDITORIAL CARTOONIST Mike Smith LIBRARY SERVICES SPECIALIST Rebecca Clifford-Cruz OFFICE COORDINATOR Nadine Guy
ART ASSOCIATE CREATIVE DIRECTOR Liz Brown (liz.brown@gmgvegas.com) DESIGNER LeeAnn Elias PHOTO COORDINATOR Mikayla Whitmore PHOTOGRAPHERS L.E. Baskow, Christopher DeVargas, Steve Marcus
ADVERTISING ASSOCIATE PUBLISHER OF ONLINE MEDIA Katie Horton GROUP DIRECTOR OF SALES OPERATIONS Stephanie Reviea PUBLICATION COORDINATOR Denise Arancibia SENIOR ADVERTISING MANAGER Jeff Jacobs EXTERNAL CONTENT MANAGER Emma Cauthorn BUSINESS DEVELOPMENT SPECIALIST Sandra Segrest ACCOUNT MANAGERS Katie Harrison, Dawn Mangum, Sue Sran ADVERTISING MANAGERS Jim Braun, Brianna Eck, Frank Feder, Kelly Gajewski, Justin Gannon, Chelsea Smith, Chelsea Smith, Tara Stella GREENSPUN MEDIA GROUP SALES ASSISTANT Steph Poli
MARKETING & EVENTS
HOW LONG BEFORE STABLE BECOMES STAGNANT? Las Vegas home prices have been flat for almost a year, prompting industry observers to call the market stable. Eventually, however, the plateau in prices is bound to get people nervous, if it hasn’t already. The median sales price of previously owned single-family homes in Southern Nevada in April was $220,600, up 0.3 percent from March and 3.8 percent yearover-year, according to the Greater Las Vegas Association of Realtors. The median price of such homes — the bulk of Las Vegas’ market — has hovered around $220,000 since
June 2015. “I can’t remember a time when our housing market was so stable for so long,” said Scott Beaudry, owner of Universal Realty and president of the GLVAR. Prices are flattening after years of wild swings. In the past decade or so, they soared, crashed, shot up again, then downshifted. Stagnant prices are good for househunters but a headache for sellers. They also prevent upside-down borrowers from getting above water — a big issue in Las Vegas, still the underwater capital of America. Another few months of these prices, and the “stable” market might be called something else.
— ELI SEGALL
EVENT MANAGER Kristin Wilson DIGITAL MARKETING MANAGER Jackie Apoyan
PRODUCTION VICE PRESIDENT OF MANUFACTURING Maria Blondeaux ASSISTANT PRODUCTION DIRECTOR Paul Huntsberry PRODUCTION MANAGER Blue Uyeda PRODUCTION ARTIST Marissa Maheras, Dara Ricci ART DIRECTOR Sean Rademacher GRAPHIC DESIGNERS Michele Hamrick, Dany Haniff TRAFFIC SUPERVISOR Estee Wright TRAFFIC COORDINATORS Kim Smith, Meagan Hodson
CIRCULATION DIRECTOR OF CIRCULATION Ron Gannon ROUTE MANAGER Joel Segler
GREENSPUN MEDIA GROUP CEO, PUBLISHER & EDITOR Brian Greenspun CHIEF OPERATING OFFICER Robert Cauthorn EXECUTIVE EDITOR Tom Gorman MANAGING EDITOR Ric Anderson CREATIVE DIRECTOR Erik Stein VOLUME 3, ISSUE 19 Vegas Inc (USPS publication no. 15540), 2275 Corporate Circle, Suite 300, Henderson, NV 89074 is published every Sunday except the first Sunday of the year by Greenspun Media Group. Periodicals Postage Paid at Henderson, NV and at additional mailing offices. POSTMASTER: SEND ADDRESS CHANGES TO: Vegas Inc 2275 Corporate Circle Suite 300 Henderson, NV 89074 702.990.2545 For inquiries, write to: Vegas Inc 2275 Corporate Circle, Suite 300 Henderson, NV 89074 For back copies: Doris Hollifield at 702.990.8993 or e-mail at doris.hollifield@gmgvegas.com For subscriptions and customer service: Call 818-487-4538, or visit vegasinc.com. For annual subscriptions, $50. For single copies, $3.99.
THE LAKES
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the notes
may 15-May 21
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Sean Higgins is senior vice president of government affairs and business development for Golden Entertainment. Barron’s top 1,200 financial advisers in America included five from Southern Nevada. They are Randy Garcia, the s. higgins Investment Counsel Co.; Brian Buckley, Morgan Stanley Wealth Management; Deborah Danielson, Danielson Financial Group; and Nadine Faulis and Andy Ferguson, Merrill Lynch Wealth Management. Shaye Simkins and Sharwani Ram are member services representatives at Clark simkins County Credit Union.
ram
Julie Higgins is vice president and relationship manager of City National Bank’s Twain branch. Kimberly Joi McDonald, owner and CEO of Designing Joi, was elected 2016-17 national vice president of the National Interior Design Society. Designing j. higgins Joi won “Best Of Customer Service” on Houzz, a platform for home remodeling and design. The Board of Regents granted tenure and a promotion of associate professor to University of Nevada Cooperative Extension faculty member YaeBin Kim. Kim joined the extension’s children, youth and families team in 2010 as a specialist in parenting education and family literacy. kim Kim received a master’s degree in Seoul, South Korea, and a doctorate in child development and human studies from the University of Wisconsin. Lee Business School inducted Rossi Ralenkotter into the Nevada Business Hall of Fame. Ralenkotter is president and CEO of the Las Vegas Convention and Visitors Authority. Among previous inductees
are Bill Boyd, Hank Greenspun, William F. Harrah, Howard Hughes, Robert Lewis, Jerry Mack, Si Redd, Jim Rogers, Glen Schaeffer, Claudine Williams, Del Webb, Steve Wynn, Luther Mack Jr., Kitty Rodman, the Cashman family, Michael Saltman, Keith Schwer, Sam Boyd, Pat Mulroy, John Ascuaga, Barbara Greenspun, Phil Satre and Donald D. Snyder. Alejandra Ortiz is the news coanchor for Noticiero Telemundo Las Vegas. Ortiz earned her bachelor’s degree in journalism from Pontificia Universidad Javeriana in Bogota, Colombia, and joins Telemundo Las Vegas after working for CM& — the Colombian news network that was launched in the early 1990s.
ortiz
Oral and maxillofacial surgeon Dr. Brendan Johnson has been appointed to the Nevada State Board of Dental Examiners. Johnson is co-founder of Nevada Oral & Facial Surgery. Scott Aney is senior vice president and regional manager of City National Bank’s commercial banking services in Nevada. He will aney stowell serve as the company’s local market leader. Paul Stowell is the bank’s chief market strategist. Karen Kelly is manager of business development/ marketing for Nigro Construction. Francine Peterman is national director and dean of the teachers college at Western Governors University. Jennifer Svihus is executive director of development at the Cleveland Clinic Lou Ruvo Center for Brain Health. Terri Weisbord, founding partner of Las Vegasbased WG Communications Group, won a 2016 USF Fast 56 Award. The annual award recognizes the world’s 56 fastest-growing businesses owned or led by University of South Florida alumni. Weisbord founded WG Communications in 2000 with business partner Tammy Graham. The advertising agency has spearheaded campaigns for College of Southern Nevada, Southern Highlands Develop-
ment Corporation and Shepherd Eye Center. The Firm Public Relations & Marketing is handling public relations for AAA Nevada. The agency hired Alecia Westmorland as a public relations specialist. Gary Earl is CEO for the Teachers Health Trust, a self-funded health trust that provides medical, dental and vision benefits to licensed employees of the Clark County School District.
westmorland
Lisa Chong was honored with the Distinguished President Award and was a recipient of the Kiwanis Cal-Nev-Ha Foundation scholarship at the California-Nevada-Hawaii Circle K International District Convention. Chris Andrews is the sports book director at South Point. ChiAm fast-casual Chinese and dim sum restaurant opened at 6300 W. Charleston Blvd., Suite 170, Las Vegas. The Outpatient Therapy Center at Spring Valley Hospital is open at 5380 S. Rainbow Blvd., Suite 100. UnitedHealthcare’s Health Plan of Nevada and Southwest Medical Associates, a part of OptumCare, launched “Medicine on the Move,” a portable doctor’s office that brings health care closer to people’s homes and workplaces. Wells Fargo & Co. completed the purchase of the North American portions of GE Capital’s Commercial Distribution Finance and Vendor Finance businesses, as well as a portion of its Corporate Finance business, totaling $27.4 billion in assets, including $2.9 billion in loans. The remaining international segment of the transaction is expected to close this year. The total acquisition includes assets of approximately $31 billion as well as businesses employing approximately 2,800 team members. Ondori Asian Kitchen, which offers a fusion of Chinese and Japanese cuisines, is open at the Orleans. Essence Vegas, a medical marijuana dispensary, opened at 2307 Las Vegas Blvd. South. Southern Hills Hospital opened a 46-bed orthopedic/spine unit on its fifth floor. The $14 million expansion replaces the existing orthopedic unit on the third floor, which will become an expanded intensive care unit and a new intermediate care unit.
BANKRUPTCY | COMMERCIAL LITIGATION | REAL ESTATE | CORPORATE
702.385.5544 | nvfirm.com | Located in Town Square
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Q&A with jennifer braster
Passions for work, family and pets can be balanced Animals are important to Jennifer Braster, founding partner of the law firm Maupin Naylor Braster. She is the treasurer of the State Bar of Nevada’s Animal Law Section, which was formed to enhance the skills of lawyers working in the field of animal law. She also serves on the board of directors for Hearts Alive Village, a local animal rescue. professional group, Women’s Business Council, with my partner, Laura Hess. I’d love to see WBC grow and thrive; I’ve gotten a lot out of the organization and I think other professional women would too.
Tell us about Hearts Alive Village. Hearts Alive Village is a great organization devoted to not only assisting animals in finding homes but keeping those homes — finding solutions when owners are struggling to keep their pets. What is the best business advice you’ve received? A client once told me not to work too hard and appreciate my time with my family. Receiving this advice, especially from a client, meant a lot; it is possible to have a strong work ethic and work diligently for your clients without sacrificing your personal life. For me, it means giving my all to my clients when I am working but Jennifer Braster, an attorney with Maupin Naylor Braster, is an animal lover who giving my all to my family when I’m co-founded the Animal Law Section in the Nevada State Bar Association and teaches with them. continuing-education classes on legislative updates to the law. (l.e. baskow/Staff) If you could change one thing about Southern Nevada, what would it be? The education system. I grew up in a suburb of Philadelphia and attended public schools from pre-K through high school. I received an excellent education. It is shocking to me that the Clark County School District consistently ranks as one of the worst in the country. The public school system needs to be fixed. What’s the biggest issue facing Southern Nevada? Besides the problems with our education system, I would say alternative energy sources and water consumption. Both of these issues need to be addressed for future generations. What has been your most exciting professional project to date? Going to trial. Every time, I experience the same nervousness and excitement. It is a similar feeling for me when I’m about to run a half-marathon; the excitement and high from accomplishing the feat cannot be surpassed. What inspired you to co-found the Animal Law Section in the State Bar of Nevada? I joke that my family has “sucker”
written on their heads for animals. We are all animal lovers and one of the goals in forming the Animal Law Section was to blend my personal passion with my legal experience and educate fellow attorneys on animal law. Since the section was formed, I have presented several continuingeducation classes on legislative updates. Talk about the organization No Kill Las Vegas that you worked with. What did the organization do in the community? No Kill Las Vegas has done a tremendous job at advocating to make Clark County a “no kill” community. No Kill Las Vegas has used its platform to educate the public as to exactly what is going on in Clark County relating to animal rescue and the community’s animal shelters. If we want to make a change in Clark County and make it “no kill,” then people need to be informed and take action. How has your legal background helped with your work at Hearts Alive Village? A lot of nonprofits, like Hearts Alive Village, do not have a lot of resources to pay for legal services. I have used my commercial law and animal law
background to help them with transactional issues as well as issues that may arise with the animals they have rescued or adopted out. What are you reading right now? I just finished reading “Pendulum: How Past Generations Shape Our Present and Predict Our Future,” by Roy H. Williams and Michael R. Drew, and “Little Beach Street Bakery,” by Jenny Colgan. I like to balance more thought-provoking books with good old-fashioned chick lit. What do you do after work? Either one of two paths: 1) Pick my son up and head to the gym, or (2) Pick my son up and have a glass of wine with my in-laws. It’s usually hard for me to pass up the glass of wine. Describe your management style. Evolving. I tend to micromanage but, fortunately, I have an amazing assistant who is allowing me to pull back. Where do you see yourself in 10 years? For me, it is hard to plan for the future when I am enjoying what I am doing now. So, continue building my business and enjoying my legal practice. I also have formed a women’s
What is your dream job, outside of your current field? Having a small bakery. I love to bake cookies, cakes, brownies, you name it. If you could live anywhere else in the world, where would it be? I’d split my time between Philadelphia and San Diego. It does not matter how long I live in Las Vegas and how much I enjoy living here, I will always be a Philadelphia native. And you cannot beat the beach in San Diego. Whom do you admire? My parents. Until I had a child, I did not understand how challenging it is to balance your family and work obligations, and what it really takes to be a good parent. What is your biggest pet peeve? Only one? Irresponsible pet owners. Spay and neuter your pets, and get them microchipped, collared and trained. It drives me crazy when people get rid of their pets because they don’t have time for them anymore or the pets are getting old. Where do you like to go for business lunches? Downtown Summerlin. Wolfgang Puck, California Pizza Kitchen and Lazy Dog are all great. If you could change one thing about yourself, what would it be? Patience. Before I had my son, I had zero patience. Over the years, I’ve gotten better but it’s still something I work on. What is something people might not know about you? For a one-year period, a good friend and I traveled the United States running in a half-marathon every month.
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may 15-May 21
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by the numbers
75
Percentage of the 1 billion jobs that have been created worldwide that have come from the service sector, according to Macquarie Research.
26
Number of days, on average, it takes to hire a worker. That’s up from 23 days in 2006, according to data compiled by Dice Holdings, Haver Analytics and DB Global Markets Research.
$1.93 billion
Net profits reported last week by Emirates airlines, a 56 percent increase over the previous year for the long-haul carrier based in Dubai.
1
Ranking for Las Vegas on TripAdvisor’s 2016 Summer Vacation Value Report, which ranks destinations for travel in June, July and August based on booking interest seen on TripAdvisor. Other U.S. destinations on the list include Destin, Fla. (8), New York (6), Myrtle Beach, S.C. (5), and Orlando, Fla. (3).
5
Number of islands that have disappeared in the Solomon Islands due to sea-level rise.
$2.2 million
Earnings reported for the first quarter by Golden Entertainment Inc., which owns the PT’s brand in Nevada, among other holdings. That compares with a loss of $1.7 million for the same period last year.
$45
Price of a barrel of oil. Amin Nasser, CEO of Saudi Aramco, the kingdom’s stateowned oil company, said he expects the price to rise by early 2017.
$730 million
Amount that Uber drivers in California and Massachusetts would be owed over the past seven years if they were to be considered employees rather than contractors, according to court documents.
Scott Blazek is senior vice president of Breakthru Beverage, which sells wine, spirits and beer brands in Nevada. (l.e. baskow/staff)
‘We intend to pave a new path’ Describe your business.
Breakthru Beverage Nevada
country’s leading distributors, both with a history of differentiating themselves in the market. Coming together was not about one company buying the other or just merging old ways of doing business. We were committed to being innovative, and to evolving the distributor model of old. We could have combined our names, but we are looking ahead, taking a new approach. Our industry is ripe for it. The name Breakthru Beverage embodies the vision of the company. We intend to pave a new path, and to establish a model that breaks the boundaries of the traditional distributor.
Address: 1849 W. Cheyenne Avenue, North Las Vegas; 100 Distribution Drive, Sparks Phone: 702-735-9141; 775-331-3400 Email: slazek@breakthrubev.com Website: breakthrubev.com/nevada Owned/operated by: Breakthru Beverage Group/Scott Blazek, senior vice president In business since: 1977
Breakthru Beverage Nevada distributes wine, spirits and beer brands, and employs over 500 associates statewide. The company is a member of Breakthru Beverage Group, which was formed through the merger of the Charmer Sunbelt Group and Wirtz Beverage Group. The company employs more than 7,000 associates and, with its affiliates, has operations across the U.S. and Canada. Who are your customers?
We work with a variety of accounts, from high-end nightclubs on the Strip to independent stores and restaurants in rural Nevada. In addition to providing great brands for these customers, we are focused on helping them grow their business — from developing beverage programs to educating staff on products, trends and consumer insights. The more insight they have into what their customer wants, the better positioned they will be to grow. What is your business philosophy?
I try to keep it very simple: My No. 1 job is to exceed the expectations of my employees and customers. If I do this well, we will attract and retain good people and be successful in delivering our business objectives. Words to live by: Stay hungry and humble. Life is 10 percent what happens to you and 90 percent how you react to it. Why was the company’s name changed?
Wirtz Beverage and Charmer Sunbelt are two of the
Why is Nevada an important market for Breakthru Beverage?
Nevada is one of the largest markets in the country for beverage distribution. People come to Vegas because they know bars, restaurants and nightclubs go above and beyond. In many ways, this market sets the bar for other Breakthru Beverage markets. Here in Nevada, we stay ahead of tastes, buying habits and trends to help our customers know what consumers want and how to get it. What is the best part about doing business in Las Vegas?
It’s great to see the continual evolution and investment in Vegas, and despite it being a tourist-driven economy, there really is a great sense of community here. We are proud to be invested with organizations like Casa Foundation, Downtown Project and Life is Beautiful, which are making great strides in their work.
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On J.D. Morris’ vegasinc.com story “Lucky Dragon casino fully financed, will be finished this year, backers say”: “This will help SLS. ... Maybe things are looking up for the end of the Strip.” — WILDWEST44 On Ian Whitaker’s lasvegassun.com story “Heck presses for funding to boost career, technical education in Nevada”: “The boost in funds will help get many sorely needed additional programs underway.” — itzreality On Eli Segall’s vegasinc.com story “Tivoli Village expansion set to open in October”: “It will be a mistake if they go ‘high end’ with the majority of the space.’ ... Get a wide variety in there.” — Testigo_Tortuga On J.D. Morris’ vegasinc.com story “Resorts World construction to ramp up this year, finish in 2019”: “This end of the Strip will be the area to be in 2019. ... I remember many people crying about Circus Circus and the Cosmopolitan never happening. Both are now making money.” — MyEyeonVegas “This area needs more unique, impressive and energetic projects to impress the world to be on the leading edge...” — Cyrus Hojjaty
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vegas inc May 15-may 21
Get up to speed with traffic law for the left lane
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guest column: gers; most states have similar statutes. f the guy in your rearview mirror roger snow However, just as it’s illegal in Alaska to keeps flashing his lights like a Morse awaken a bear to take its picture (Google Code operator on Red Bull, you it), not all laws are meant to be enforced. might be a slowpoke. ... If you’ve ever Highway patrol officers have better been run off the road by an electric wheelthings to do than go around ticketing people for, uh, not chair, you might be a slowpoke. ... If you refer to second gear speeding. Pulling over Grandma for being a Sunday driver as overdrive, you might be a slowpoke. on a Thursday afternoon just isn’t atop the priority list. Everybody knows that save for the Autobahn or the BonnSo what’s a tailgater to do? How to get from Point A to eville Salt Flats, you can’t go as fast as you want. But did you Point Z when there’s some SOB in the middle? A few suggesknow that save for the driveway of Rain Man’s dad, you can’t tions: First, flash to pass. Remember “Close Encounters,” go as slowly as you want, either? It is indeed a citable offense when that “car” was behind Richard Dreyfus, its headlights in Nevada to travel in the left lane (aka the No. 1 Lane, aka beaming about a billion BTUs? That got his attention, not to the inner lane, aka the get-the-#$@%-out-of-my-way lane) mention burning off half his face. And hey, if a little illumiof the highway and hold up other motorists. nation doesn’t coax cooperation, simply levitate straight up NRS 484B.627 prohibits driving “at a speed so slow as to and make a beeline for Devils Tower. impede forward motion of traffic.” In other words, much Second, channel the Road Runner and give it a beep, beep. like a Republican candidate during primary season, when When slip-screening past a dilly-dallier, gently tap your pressed, always tack as far to the right as possible. It doesn’t horn twice to announce your intentions. Remember, the matter how fast you’re driving; if you’re in the way, you second tap is key. It’s unclear why, but it’s universally unmust — as they say in the Navy — make a hole. derstood that beeping once means you’re a jerk, but beeping It’s all about traffic flow and safety. During ordinary twice means you’re a gent. conditions, the passing lane is designed for passing. CampAnd finally, when the offending driver comes around and ing there like the lead float in the Macy’s Thanksgiving Day moves over, resist the urge for retribution. Forget the finger, Parade blocks other drivers from getting by. It also funnels eschew the evil eye. Most drivers are operating under the lots of cars into close and dangerous proximity. What if influence of ignorance, not malice. In the spirit of the seasomeone swerves? What if someone brakes? Well, you’ve son, forgive them, for they know not what they do. seen a demolition derby, haven’t you? Roger Snow is a senior vice president with Scientific Games. We are not alone in legislating against left-lane lollygag-
Smith’s world
Mike Smith is an award-winning editorial cartoonist who also draws for the Las Vegas Sun. His work is distributed nationally by King Features Syndicate. See archives of his work at lasvegassun.com/smithsworld.
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Station Casinos to pay $312.5M for Palms By j.D. morris Staff Writer
Station Casinos said last week it was buying the off-Strip Palms resort for $312.5 million, yet another recent example of a locals-oriented casino operator expanding in the valley. Red Rock Resorts Inc., Station’s new corporate name following its recent initial public offering, announced that a subsidiary of the company, Station Casinos LLC, had struck a deal to acquire the Palms. The deal follows multiple acquisition announcements from rival Boyd Gaming Corp., which also counts Las Vegas locals as a key customer base. “With the acquisition of the Palms we gain a leading gaming asset in Las Vegas with key strategic benefits in the Las Vegas locals market and close proximity to the Las Vegas Strip,” Marc Falcone, Red Rock’s chief financial officer, said in a statement. “With its appeal to both Las Vegas residents and tourists alike, the Palms is a hybrid gaming property that is uniquely positioned to benefit from the strong economic trends in Southern Nevada and record visitation levels in Las Vegas.” Boyd, meanwhile, announced in April that it was buying the Aliante in North Las Vegas — a former Station casino — and the two Cannery casinos in the valley. Red Rock said it expected the Palms transaction to close during the third quarter, pending approval from gam-
The Palms opened in 2001 and quickly positioned itself as a hot spot for locals and tourists, but fell into heavy debt. In 2011, the Maloof family, which developed the casino, saw its ownership stake drop to 2 percent. (steve marcus/staff file)
ing regulators and the expiration of a waiting period under federal antitrust law. The Palms, on Flamingo Road just west of Interstate 15, features a 95,000-square-foot casino, more than 700 hotel rooms in two towers, a race and sports book, 60,000 square feet of meeting and convention space, a spa and a range of restaurants, nightlife, entertainment and pool options. During the first full year of owning the Palms, Red Rock said it expected the resort to generate $35 million in earnings before interest, taxes, depreciation and amortization.
“It seems like a great acquisition for Station Casinos,” said broker Michael Parks of CBRE Group. “It just gives them an excellent property in an outstanding location.” The Palms opened in 2001 with a price tag of $265 million and developed a reputation for being a celebrity hangout. Parks said George Maloof, whose family developed the casino, made the “extremely smart” decision of positioning it to both tourists and locals. TPG Capital and Leonard Green & Partners became the Palms’ majority owners in 2011 as the resort sought
to restructure hundreds of millions of dollars in debt. Maloof’s stake dropped to about 2 percent. Station used to own a minority stake in the Palms, which it acquired not long after it bought another Maloof-owned business, the casino now known as Fiesta Rancho. Brian Greenspun, CEO, publisher and editor of Greenspun Media Group, used to have a minority stake in the Palms’ holding company, but he said he no longer had any interest. Palms CEO Todd Greenberg said in a statement announcing the sale that the resort was “very proud” of its employees and “extremely excited for all the great opportunities” they would have under the new ownership. The Palms deal introduces a new wrinkle for the Culinary Union, which has been trying to organize workers there and has long clashed with Station as it has unsuccessfully sought to organize workers at that company. Geoconda Arguello-Kline, the union’s secretary-treasurer, noted in a statement that the union had “seen many casinos and owners come and go” over the years, but “the union and workers who helped build this town will always be here.” “The workers at the Palms have made it clear that they want a fair process to choose whether to unionize,” Arguello-Kline said. “We will continue to work with the Palms employees until they achieve their goal.”
New database highlights Nevada’s connection to Panama Papers By daniel rothberg Staff Writer
One Nevada company was mentioned in a federal indictment of FIFA officials. At least 10 Nevada-registered firms were owned by one of Thailand’s wealthiest families, and dozens more have ties to a corruption probe in Brazil, a USA Today analysis revealed last month. They represent a sliver of the more than 1,000 companies created by M.F. Corporate Services, a Nevada entity that forms companies here and is linked to the Panamanian firm at the center of the largest data leak in history. That firm, Mossack Fonseca, reemerged in the news when a group of investigative journalists with access
to the documents, dubbed the Panama Papers, published a database of 200,000 offshore entities. The published database showed 1,260 entities active in Nevada from the Panama Papers and a previous leak, though only a portion of those companies remain active. For a variety of reasons — tax breaks, legal protection and assurances of secrecy — Nevada is a popular destination to incorporate a business. Wealthy individuals and executives, through agents like M.F. Corporate Services, can register a firm here without coming to the state. Published by the International Consortium of Investigative Journalists, the database shows the Nevada
firms connected to far-flung locations such as the Bahamas and the 2.6-square-mile territory of Gibraltar. Many have corporate addresses in the Seychelles, a 115-island nation in the Indian Ocean, according to the Nevada Secretary of State’s website. While setting up an offshore company is not in and of itself a violation of law, many argue that these entities are used by wealthy people or organizations to engage in evading taxation, laundering and bribery. In the wake of the Panama Papers leaks, these companies have come under increased scrutiny by leading economists and the Obama administration. Gov. Brian Sandoval has said
through a spokesperson that he was concerned “that state law may have been broken or circumvented to further illegal activities.” The Panama Papers, given first to a German newspaper, revealed the offshore holdings of world leaders and public figures. Revelations of offshore holdings led to the resignation of Iceland’s Prime Minister Sigmundur David Gunnlaugsson. They also tied offshore firms to Prime Minister David Cameron’s father and associates of Russian President Vladimir Putin. Nevada is one of 21 jurisdictions where Mossack Fonseca, through M.F. Corporate Services, set up companies. The Associated Press contributed to this report.
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Faraday Future’s financial strength in question for Nevada official By megan messerly Staff Writer
A sled is slowed by sand at the end of a test of the Hyperloop One propulsion system in North Las Vegas. The company opened its test site outside of Las Vegas for the first public demonstration of technology for a super-speed, tube-based transportation system. (l.e. baskow/staff)
Hyperloop One officials call test of technology a landmark moment By daniel rothberg Staff Writer
Hyperloop One, racing to build a transportation platform that propels high-speed pods through pneumatic tubes, completed a test of its propulsion technology last week in North Las Vegas. On a strip of land in the sleepy Apex Industrial Park where the Los Angeles-based company is developing its product, Hyperloop One created an electromagnetic field that propelled the structural frame for a pod down a track at about 105 miles per hour. The test, before shaded stands of company employees, Nevada officials and media, lasted just a few seconds, but executives called it a landmark moment. Despite some last-minute scrambling, the test went off without a hitch, said Brogan BamBrogan, the company’s co-founder. Hyperloop One’s design builds on an opensourced white paper published in 2013 by Tesla and SpaceX CEO Elon Musk. The company casts the near-frictionless, high-speed Hyperloop concept as an efficient and safe alternative to other forms of transportation. It sees Hyperloop as the next mode for hauling cargo and passengers. With officials predicting its final product could travel at 700 miles per hour, backers boast that it could shoot pods inside enclosed tubes from Los Angeles to San Francisco in about 30 minutes. Hyperloop One executives applauded Gov. Brian Sandoval, Clark County and North Las Vegas for helping to expedite the permitting and approvals processes. In March, a state economic development board approved tax incentives worth $9.2 million to build a 2-mile test track, an expansion of the current 57-meter track that it used last week. BamBrogan said the company also is building a manufacturing facility in North Las Vegas, out-
side of Apex, to provide parts. “This is where Hyperloop is getting invented,” BamBrogan said. The company will continue to use the small track, but in the coming months, it will break ground on the larger 2-mile test track on more than 10 acres it purchased at the industrial park. It hopes to conduct a full-scale demonstration in December. With that project, it is expected to invest more than $121 million in its Nevada test projects and create about 100 jobs. “I think it has brought a lot of recognition to Nevada,” said Steve Hill, the state’s chief economic development officer. The test was significant because it provided validation that Hyperloop One’s propulsion technology would be viable once the system is built. The test demonstrated that the frame for the pod, a small sled, could be propelled using electromagnetic energy. “The team has worked incredibly hard in record time to get to this milestone,” said Shervin Pishevar, a Hyperloop One co-founder. Apex has had difficulty attracting development because of limited access to utilities. For now, the company is getting its power from portable generators. But as the project progresses and it builds a full-scale Hyperloop platform, its infrastructure will be connected with a substation that NV Energy is planning to build at Apex. Hyperloop One said it plans to bring a product to market that can transport cargo by 2019 and one to transport people by 2021. The startup is not without competition, though. It is one of two companies racing to build the first Hyperloop platform. The other firm, Hyperloop Transportation Technologies, announced recently that it has a license for magnetic levitation technology first developed at Lawrence Livermore National Laboratory in California.
Nevada Treasurer Dan Schwartz continues to raise concerns about electric-car company Faraday Future’s financial viability after LeEco, one of Faraday Future’s investors, has not resumed trading shares. LeEco, a Chinese tech company that suspended trading in December, has set and missed several deadlines for when it would resume trading, including most recently on May 7, according to Business Insider. Schwartz said he is concerned over reports that LeEco CEO Jia Yueting, one of the investors in Faraday, has pledged a large portion of his LeEco shares to back his personal lines of credit. LeEco is Faraday Future’s strategic partner. Schwartz said in a statement that his office has not received documentation indicating the Faraday project remains on schedule for the bond’s scheduled issue date in September. The treasurer’s office is responsible for issuing the general obligation bonds needed to finance infrastructure improvements at Apex Industrial Park in North Las Vegas, where Faraday will build its first manufacturing plant. “Until Faraday Future publicly discloses additional details concerning the plant’s financing and production dates, we remain concerned about the viability of this undertaking,” Schwartz said. “Our office continues to monitor this project on multiple fronts and will provide further updates as appropriate.” Trading of LeEco shares has remained suspended while the company acquires an ownership stake in Le Vision Pictures, its film business, according to Business Insider. The South China Morning Post reported last week that LeEco will issue Le Vision shareholders LeEco stock at a 30 percent discount from its closing price in December. Faraday has previously said its funding “remains unchanged” by the suspension of trading of LeEco shares, as LeEco is a separate company. Other state officials have long insisted that adequate provisions were built into that December legislation to safeguard the state should Faraday run into financial trouble. State law, created by the Legislature during a special session, requires Faraday to secure the state’s investments in infrastructure projects at Apex, which it has promised to do in the form of a $75 million performance bond. The bond will be released back to the company only when it has built 1.5 million square feet on the site and generated revenue from electric cars built at its facility.
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Lucky Dragon carefully carving out its niche By brock radke
Does your specific target demographic explain why there hasn’t been a huge marketing push yet? We didn’t feel we needed to be out in front trying to get the attention of the residents of Las Vegas yet, because we are more geared to the Asian clientele. We had a few full-page ads in the Chinese newspapers in Las Vegas. But yes, we did that intentionally to be a little mysterious. Now, we’re on our way to being out in front a lot more.
Staff Writer
The Lucky Dragon resort on Sahara Avenue just west of the Strip has been one of the most mysterious Las Vegas developments in recent memory. It’s a rare thing for such as project on or near the Strip — even a boutique property like this — to keep quiet and stray from the traditional marketing hype once construction has begun. But the developers behind Lucky Dragon have kept a low profile all along, even after the building started to rise last summer. Late last week, after a fall financing slowdown, the organization behind Lucky Dragon, the Las Vegas Economic Impact Regional Center, announced the project was fully capitalized and on schedule for completion by the end of the year. VEGAS INC sister publication Las Vegas Weekly spoke with the center’s CEO, Andrew Fonfa, who also is developer of the adjacent Allure condominium tower, about the plans for Lucky Dragon, what makes the project unique and why it’s maintained the mystery. What came first: the idea to build a resort here, or the idea to focus on the Asian experience? A number of years ago, after I built the Allure high-rise, probably six years ago, I thought of doing a boutique lesbian and gay resort, the Q. But knowing the recession had just taken place and reviewing the type of customer that was, we didn’t believe gambling would be the first thing on their mind, that it would be more about the hotel property. So we came up with this idea to create an authentic, Macau-style casino. The best player in the world right now is the Chinese gambler. If you take a sample of 200,000 people, with Americans, probably 10 percent are gamblers, but probably 100 percent of Asians are gamblers. It just makes sense to go after this customer. Even if you look at the local casinos here, you see mostly Asian faces gambling. That’s our customer, and we think we’ve really hit on something. We’ll be multilingual, everyone in our hotel will speak Chinese languages. We’ll go after the local Asian community as well as heavy marketing in L.A., San Francisco and Vancouver. And of course, China just announced direct flights from Beijing to Las Vegas every three days.
Construction continues on the Lucky Dragon resort on Sahara Avenue, near Las Vegas Boulevard. (steve marcus/staff)
Backers say resort fully financed and will be finished this year By J.D. Morris Staff Writer
Backers of the Lucky Dragon resort say the project is fully financed and on track to open this year. The boutique Asian-themed casino project hit a roadblock last year when Las Vegas city officials declined to help it get tax increment financing. But the Lucky Dragon now says it has secured financial commitments that have guaranteed it will be finished late this year. A statement from the planned resort said the commitments would come from the Fonfa and Weidner families, members of whom have been affiliated with the project. Andrew Fonfa developed Allure, the condominium tower next to the Lucky Dragon site, and he’s the CEO of the Las Vegas Economic Impact Regional Center, which is backing the project. Former Las Vegas Sands Corp. President William Weidner is listed as the regional center’s president on its website. The Lucky Dragon will feature a 27,500-square-foot casino, Asian restaurants, a hotel with
204 rooms and a 4,500-squarefoot spa. The casino will emphasize games popular in Asia, such as baccarat and pai gow, and a 2,500-pound glass dragon sculpture will be suspended from the ceiling. Chief Operating Officer David Jacoby said the Lucky Dragon wanted to revive the idea of a “smaller, intimate, personalized, service-type environment” that “inherently gets lost” at Strip megaresorts. The Lucky Dragon’s future was unclear in November when Las Vegas City Council members declined to advance conversations about whether the project should receive tax increment financing. The city historically has not permitted such financing for casino projects, and the idea of potentially doing so was met with strong backlash from others in the industry. But Jacoby said the tax increment funds would not have been part of the Lucky Dragon’s development budget, so the project was able to move forward. He said construction was about 70 percent complete.
How do you think Lucky Dragon will fit into the recent and upcoming development along the north Strip? I believe the north Strip will become the Chinese tourist area of Las Vegas, and we intend to continue with additional investments near and around the Lucky Dragon to capitalize on that. I don’t think Genting’s Resorts World is truly our competition, I think what we are doing will enhance that development and others along the northern Strip. Genting is going to bring many more Asian customers and we’re really going after the West Coast regional market, in addition to people coming from China and Malaysia. I think both properties can be very successful, but I believe our property, per square foot, will be the most successful casino ever built in Las Vegas. Do you expect to cross over to other audiences? Our target audience is the Asian market but we do expect Americans to come to our property, but mostly to eat authentic Chinese food. You’re not going to get an eggroll in the Lucky Dragon. There will be Korean and Japanese but mostly Chinese with a Pan-Pacific angle, a wide variety of foods. The signage and the menus will be Chinese first, English second. We are specifically targeting something of an old-Vegas type, the gambler who uses gambling as the entertainment. This will be the only authentic high tea place in Las Vegas, and having features like that and everyone speaking the language will give us a shot at some of the big whales, although our legal limits won’t be that of the Wynn or Venetian. But those people will come visit our casino.
5th Annual
Spring High Tea Saturday, May 21, 2016
Mandarin Oriental Las Vegas 3752 Las Vegas Blvd South, Las Vegas, NV 89109
Silent Auction and Champagne Reception 1 pm
High Tea 2 pm
Christian Dior Make-up Artists EMCEE
Chet Buchanan
LIVE PERFORMANCE
Zowie Bowie
$75 per person for VIP limited seating
RSVP@safenest.org or 702-877-0133 ext. 238
Safe Nest: Temporary Assistance for Domestic Crisis, Inc. is a Nevada nonprofit founded in 1977 to address domestic violence issues by providing shelter, counseling, advocacy and prevention. The corporation retains IRS 501(c)(3) tax-exempt status. Donation to Safe Nest may be tax deductible pursuant to the provisions of section 170(c) of the Internal Revenue Code of 1986, 26 U.S.C.
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apartments, fr om page 1
Las Vegas area’s average asking rent in the first quarter up 13 percent from 2010 slow at some point. Amid a national apartment boom, Southern Nevada’s multifamily market has bounced back from the recession faster than other segments of the real estate industry. Property pros, however, expect rentgrowth to slow and vacancies to tick higher amid questions over the depth of Las Vegas’ renter pool and whether investors are building too many higher-end projects. Slower rent growth would help tenants save money and let them better afford certain properties — especially if landlords have trouble filling buildings amid the rising number of competing projects, which could send rental prices down. But it would cause heartburn for investors, who are betting on and fueling Southern Nevada’s expanded apartment market with new construction and more-expensive purchases. “I don’t know if our demand (for rentals) will keep up with our supply,” said broker Garry Cuff, a vice president with Colliers International. Still, few expect the market to crash. Las Vegas’ economy isn’t as healthy as other cities’ but it is on the mend. The population is growing, the rent increases and construction are relatively low, and developers have built more apartments here in years past than they are today, executives say. The Las Vegas area’s average asking rent in the first quarter was $918, up 13 percent from 2010. Nationally, the average asking rent was $1,239 last quarter, up 21 percent from 2009, according to New York-based Reis Inc., a real estate research firm. About 3,000 new apartments hit the local market last year, and 4,500 are expected this year. That’s up from a low of about 370 in 2013, but well below a peak of roughly 7,750 in 1999, according to Las Vegas broker Spencer Ballif, a senior vice president with CBRE Group. According to Reis, in the first quarter alone, U.S. developers brought to market more than 42,000 units, the highest first-quarter tally since at least 1999. Real estate is prone to cycles, perhaps more so than other industries, said John Restrepo, founder of Las Vegas-based RCG Economics. If de-
mand for apartments goes up, for instance, rents climb and developers build properties — then other investors might pile in and overbuild, pushing vacancies up and rents down. Demand for rentals has been fueled in large part by younger adults who show no interest in buying a home anytime soon and by people who can’t afford to buy a house because the recession wrecked their finances, Restrepo noted. He said he didn’t see signs of “major overbuilding” akin to the housing bubble of a decade ago and wasn’t expecting the rental market to collapse. Still, vacancy rates won’t stay at 4 or 5 percent forever, he noted. “At some point, there will be a cooling-off,” he said. Ryan Severino, senior economist and director of research at Reis, said construction nationally was “starting to become” overheated — with more units being developed than rented, vacancies rising and rent-growth slowing. “It’s not like there’s this impending doom, necessarily,” he said, but the market was undergoing “some fallout” from the current development craze. Las Vegas’ vacancy rate fell to 4.2 percent last quarter, down from 11.2 percent in 2009. The U.S. vacancy rate last quarter, 4.5 percent, was down from 8 percent in 2009 but up from 4.3 percent in both 2013 and 2014, Reis found. Locally, developers are building a lot of higher-end projects “all at once,” and vacancy rates might rise a bit, said John Stater, Las Vegas research manager for Colliers. But the rising population — Clark County grew 8.4 percent from 2010 to 2015, to 2.1 million people, Census data show — would help keep the market from overheating “at least at the moment,” he said. Las Vegas has long had a big apartment sector, he said, and the oftentransient population, with its base of lower-paid casino-resort workers, creates a pool of potential renters. “Right now, things look like they’re going pretty well,” Stater said. Today, most apartment construction is along the 215 Beltway in Henderson and southwest Las Vegas. Many new properties offer amenities
that often cater to younger adults — poolside cabanas, bike rentals, game rooms — and charge above-average rents. One new project in the pipeline — one of the few that’s not in the suburbs — is a 295-unit complex off Spring Mountain Road a mile west of the Strip. Developer Jonathan Fore has laid out plans for a poolside DJ booth, a rooftop deck, a massage room, two swimming pools, granite and quartz countertops and keyless-entry doors. Fore has said the average unit would be 860 square feet and charge $1.60 per square foot. That’s around $1,375 per month, about $450 above the valley’s average rental rate. Ballif noted that Las Vegas’ workforce has grown faster than other metro areas but said the depth of the higher-end rental market “will be tested,” adding: “We’re probably overcooking it a little bit.” Broker Patrick Sauter, managing partner of NAI Vegas, said nearly all developers were “building basically the same product,” going after the same customer base and targeting the valley’s same two submarkets. He figures there “might be a little bit of a glut” of new projects and that rentgrowth could slow. But he doesn’t expect prices to tumble, and if landlords keep packing higher-end properties with tenants, “you won’t see too much else being built.” Investors, meanwhile, are paying top dollar for these and other rental properties. In January, for instance, real estate powerhouse Hines bought Domain, a 308-unit Henderson complex, for $58.2 million, or about $189,000 per unit. By comparison, investors paid an average of about $72,000 per unit for Southern Nevada rental properties last year, according to Colliers. It was Houston-based Hines’ first acquisition of an existing apartment complex in its nearly 60-year history. Around the time of the sale, Domain was 95 percent occupied and monthly rent for available units ranged from $970 to $1,399. Last month, in an apartment sale that might be the most lucrative ever in Las Vegas, Houston-based Camden Property Trust announced that it
sold 15 complexes — comprising 4,918 units — as well as a commercial center and about 20 acres of land for $630 million combined. The buyers were the Bascom Group and Oaktree Capital Management, both of Southern California. It was Camden’s second local portfolio sale in three years, but the prices varied greatly. In spring 2013, Camden and New York’s DRA Advisors sold 14 Las Vegas-area complexes, comprising some 3,100 units, for $200 million. Last month’s deal marked Camden’s exit from the valley. Severino, for one, says investment prices in general might be approaching their peak or have already reached it. The 15 complexes were an average 95 percent occupied in the fourth quarter of 2015, on par with Camden’s other U.S. properties. But the complexes’ combined average rental rate, 92 cents per square foot, was the lowest among Camden’s state portfolios, a securities filing shows. Camden President Keith Oden said the 15 properties generated about $500 per unit less in monthly revenue than the company’s other holdings, and that they were an average 23 years old, well above the typical range it aims for, 12 to 14 years old. He also noted that most of Camden’s other markets had recovered “more rapidly” from the recession than Las Vegas, which has continued to suffer some of the highest rates of foreclosures, underwater borrowers and unemployment among large metro areas. But overall, Oden said the valley’s apartment market was “doing great.” Camden’s rents were up 7 percent year-over-year in Las Vegas in the first quarter, compared with 4.5 percent in its other markets combined, he said. Construction also had been “very modest” here compared with other big cities, and if there were more development, rents wouldn’t be growing as fast as they are, he said. Camden typically wants to own at least 2,500 to 3,000 units in markets where it operates. At least for now, however, it has no plans to be a local landlord again. “Never say never,” Oden said, “but not anytime soon.”
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Calendar of events TUESDAY, MAY 17 Samuel Adams Brewing the American Dream Speed Coaching Time: 6-8:30 p.m. Cost: Free Location: Zappos headquarters, 400 Stewart Ave., Las Vegas Information: Visit btad.samueladams.com Food, beverage and craft-brewing small-business owners will receive counsel on marketing, packaging, legalities, financing, sales and distribution. TIBCO Software’s Customer Appreciation Cigar Bar Time: 5:30-7:30 p.m. Cost: Free Location: Andre’s Cigar Bar, 3770 Las Vegas Blvd. South, Las Vegas Information: Call Rima at 703-599-0284 Network with technology industry professionals while enjoying drinks and cigars. How to Use Goals as a Leadership Tool Time: 6-8 p.m. Cost: $21 Location: Leadership Excursion Co. Headquarters, 418 W. Mesquite Ave., Las Vegas Information: Visit leadershipexcursion.co This workshop is presented by Leadership Excursion Co., which specializes in leadership training and development programs. ZLOCAL at Knowledge 16 Time: 7-10 p.m. Cost: Free Location: House of Blues Foundation Room, 3950 Las Vegas Blvd. South, Las Vegas Information: Visit zenoss.com Hear industry leaders and Zenoss customers lead discussions on how monitoring can be used as a strategic asset to drive automation and inter- and intra-process efficiencies.
WEDNESDAY, MAY 18 Business Expo exhibitor workshop Time: 2:30-5:30 p.m. Cost: Free Location: Las Vegas Metro Chamber of Commerce, 575 Symphony Park Ave., Suite 100, Las Vegas Information: Call Jackie at 702-586-3843
Learn about the Business Expo’s planning, marketing and promotion; the Cashman Center rules and regulations; the expo’s booth layout, staffing considerations, logistics and more.
THURSDAY, MAY 19 PROST May luncheon Time: 11:30 a.m. Cost: $22 PROST members; $27 nonmembers Location: Maza Mediterranean and Turkish Halal Grill, 2550 S. Rainbow Blvd., Las Vegas Information: Visit prostlasvegas.com Network with executives in the travel and transportation industries over a Turkish lunch. Water Street District Business Association Time: 6 p.m. Cost: Free Location: Henderson Convention Center, 200 S. Water St., Henderson Information: Visit wsdba.org The monthly meeting will be followed by the Spring Mixer at Sunset Downtown. There will be raffles throughout the evening, with prizes including jewelry, dinner and spa packages. URGENT Steps to Take in Pre-Planning Your Financial Affairs Time: 7:30-9:30 a.m. Cost: Free for Henderson Chamber members; $25 for nonmembers; $10 additional for walk-ins Location: Henderson Business Resource Center Seminar Room, 112 S. Water St., Henderson Information: Call Bill at 702-565-8951 This Henderson Chamber workshop will be presented by Jasen Cassady and Ralph Goudy, who founded Advocate Estate & Fiduciary LLC. They will discuss legal and practical practices that come into play when someone dies. Boulder City Republican Women’s meeting Time: 11:30 a.m.-1 p.m. Cost: $21 Location: Railroad Pass, banquet room, 2800 S. Boulder Highway, Henderson Information: Call Maraya at 702-393-1228 Hear from two candidates for Assembly District 23: Swadeep Nigam and Melissa Woodbury.
FRIDAY, MAY 20 Latin Chamber business and networking luncheon Time: 11 a.m.-1 p.m. Cost: $45 for Latin Chamber members; $50 for nonmembers Location: Las Vegas Convention Center, North Hall, Room N252, 3150 Paradise Road, Las Vegas Information: Visit lvlcc.com Rossi Ralenkotter, president and CEO of the Las Vegas Convention and Visitors Authority, and Jeremy Aguero, principal at Applied Analysis, will be the featured speakers. Las Vegas Women in Technology Awards Time: 6 p.m. Cost: $25 Location: Fresh Wata, 3905 W. Diablo Drive, Las Vegas Information: Visit vegaswomentechawards.net Recognize the top women working in and changing the face of the technology community in Las Vegas. Iranian-American Chamber of Commerce: Meet the Candidates Time: 6-8 p.m. Cost: Free Location: Hyde Bellagio, 3600 Las Vegas Blvd. South, Las Vegas Information: Email Roya at Roya@bhhsnv.com Meet candidates for federal, state and local offices. Business owners and professionals can have an open discussion with candidates on issues that affect the business community.
TUESDAY, MAY 24 Network After Work Time: 6 p.m. Cost: $15; $20 at the door with RSVP; $25 at the door without RSVP Location: Hard Rock Café, 4475 Paradise Road, Las Vegas Information: Visit networkafterwork.com Unwind and socialize with local professionals and entrepreneurs from a diverse mix of industries.
Conventions
expected Show Location Dates attendance
Clinicians Report Foundation - Dentistry Update/Office Manager Meetings
Caesars Palace
May 20-21
400
Public Housing Authorities Directors Association - Annual Convention and Exhibition
Planet Hollywood
May 22-31
700
RECon 2016
Las Vegas Convention Center
May 23-25
36,000
Bick International - Coin, Currency, Jewelry and Stamp Expo
Orleans
May 27-29
1,000
Institute of Electrical and Electronics Engineers - 66th Electronic Components & Technology Conference Association Annual Conference
Cosmopolitan
May 28 - June 5
600
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Records and Transactions Bankruptcies Chapter 7 Builder’s Capital Inc. 221 Positive Point St. Henderson, NV 89012 Matthew L. Johnson at annabelle@ mjohnsonlaw.com
Chapter 11 Pedro Vazquez Chona 3800 S. Decatur Blvd., Space 191 Las Vegas, NV 89013 Michael J. Harker at notices@ harkerlawfirm.com
Bid Opportunities May 19 2:15 p.m. Russell campus: fuel island installation Clark County, 604072 Sandy Moody-Upton at scm@ clarkcountynv.gov Noon Silver Bowl Park: restroom installation Clark County, 603993 Sandy Moody-Upton at scm@ clarkcountynv.gov
Brokered transactions Sales $560,000 for 0.63 acre, land Address: 1845 Village Center Circle, Las Vegas, NV 89134 Seller: 1845 Village Center LLC Seller agent: Brian Fike of Colliers Buyer: V Center, LLC
Lease $975,003 for 2,000 square feet for 125 months, retail Address: 7680 Las Vegas Blvd. South, Suite 203, Las Vegas, NV 89123 Landlord: LB-UBS 2007-C6 Annex REO, LLC Landlord agent: Liz Clare of Avison Young Tenant: Las Pupusas Restaurants Tenant agent: Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank $107,834.82 for 1,400 square feet for 60 months, retail Address: 205 W. Centennial Parkway, Suite 150 North Las Vegas, NV 89084 Landlord: Centennial Commerce Landlord agent: Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank Tenant: GoAuto Management Services
BUSINESS LICENSES Guilan Xiang License type: Reflexologist Address: 9480 S. Eastern Ave., Henderson 89123 Owner: Guilan Xiang Tyler L V License type: Apartment house Address: 105 N. 14th St., Las Vegas 89101 Owner: Shahram Moalemzadeh Uanon, Duangduan License type: Independent massage therapist Address: 9550 S. Eastern Ave., Henderson 89074 Owner: Duangduan Uanon United Road Vehicle Management Solutions License type: Towing Address: 2024 Losee Road, North Las Vegas 89030 Owner: United Road Towing Inc. University of Phoenix License type: School Address: 300 S. Fourth St., Las Vegas 89101 Owner: Timothy Slottow UNKS Construction License type: Contractor Address: 9960 W. Cheyenne Ave., Suite 290, Las Vegas 89129 Owner: Charles Maddox US Medical Professionals License type: Professional services - medical Address: Did not disclose Owner: Ionel Cornea Welleaf License type: Medical marijuana cultivation facility Address: 3840 E. Craig Road, Las Vegas 89081 Owner: THC Nevada Wet Zone LV Auto Spa License type: Automobile detailing Address: Did not disclose Owner: Jose Martinez William Johnson License type: Real estate sales Address: 9525 Hillwood Drive 120, Las Vegas 89134 Owner: William Johnson Women’s Health Associates of Southern Nevada License type: Professional services - medical Address: 653 N. Town Center Drive 214, Las Vegas 89144 Owner: Sheldon Paul, Donna Miller, Brent Bartholomew, John Martin, Joseph Rojas and Anita Gondy XcessorizeUs License type: General retail sales Address: 1717 S. Decatur Blvd., Suite F11, Las Vegas 89102
Owner: Adrianne Lubich and Richard Lubich Yan Wang License type: Reflexologist Address: 9480 S. Eastern Ave., Henderson 89074 Owner: Yan Wang Yellow Pants Project License type: Nonprofit community services Address: Did not disclose Owner: Pamela Koopman-White 2 Amigos Tacos License type: Restaurant Address: 640 N. Eastern Ave., Las Vegas 89101 Owner: Jesus Alvarez and Lito Carbajal 7-Eleven Store #22416G License type: Convenience store Address: 901 N. Rancho Drive, Las Vegas 89108 Owner: Babas A & Serjs Oil License type: Automotive parts / service Address: 3433 Losee Road, North Las Vegas 89030 Owner: Aren Ohanian A Better Pool Service Plus License type: Residential property maintenance Address: Did not disclose Owner: Ronald Edelstein A Home 4 Spot Animal Rescue Adoption Center License type: Animal adoption Address: 723 S. First St., Las Vegas 89101 Owner: Diana England A1 Design Stone License type: Contractor Address: 3111 S. Valley View Blvd., Las Vegas 89102 Owner: Did not disclose AAA Parking Lot Care License type: Contractor Address: 4430 E. Alexander Road, Las Vegas 89115 Owner: Did not disclose Affairs to Remember Catering License type: Catering Address: 818 S. Main St., Las Vegas 89106 Owner: Michael Whitesides
All American Landscape License type: Residential property maintenance Address: 3640 W. Robindale Road, Las Vegas 89139 Owner: All American Landscape Anchor Chiropractic License type: General services (counter / office) Address: 5135 S. Fort Apache Road, Las Vegas 89148 Owner: Anchor Chiropractic Aneta Ivanova License type: Real estate sales Address: 10220 W. Charleston Blvd., Las Vegas 89145 Owner: Aneta Ivanova Arlandus Rene White License type: Real estate sales Address: 1810 E. Sahara Ave., Las Vegas 89107 Owner: Arlandus Rene White Artistic Business Services License type: Management or consulting service Address: 7320 Smoke Ranch Road, Las Vegas 89104 Owner: Ronnie Lee Auto Helper Auto Parts License type: Automotive parts / service Address: 4230 N. Pecos Road, North Las Vegas 89115 Owner: Auto Helper Auto Parts Avisight License type: General services (counter / office) Address: 8260 W. Charleston Blvd., Las Vegas 89128 Owner: James Fleitz Basic Human Needs License type: Independent massage therapist Address: Did not disclose Owner: Kyla Stevens Beaver Tree Service of Las Vegas License type: Residential property maintenance Address: 3651 Lindell Road, Las Vegas 89103 Owner: Dawson McGinnis and Steve McGinnis Bella T License type: Property maintenance Address: 429 Max Court, Henderson 89011 Owner: Bella T Inc.
Affiliated Physical Therapy License type: Professional services - medical Address: 9050 W. Cheyenne Ave., Las Vegas 89129 Owner: Affiliated Physical Therapy
Best Desert Cleaning Services License type: Repair and maintenance Address: Did not disclose Owner: Juan Godoy
Alcohol Awareness Training License type: Instruction services Address: 276 S. Decatur Blvd., Las Vegas 89107 Owner: Stephen Easley
Bob’s Market License type: Convenience store Address: 150 E. Centennial Parkway, North Las Vegas 89084 Owner: Platinum Management
Group 3 Bodega Furniture License type: General retail sales Address: 81 N. Nellis Blvd., Las Vegas 89110 Owner: Bodega Furniture Bolmer Restoration License type: Property maintenance Address: 5 Cactus Garden Drive, Henderson 89014 Owner: Cat Detailing LLC Brand2Fit License type: General retail sales Address: Did not disclose Owner: Simone Wciorka Bratalian Neapolitan Cantina License type: Restaurant Address: 10740 S. Eastern Ave., Henderson 89052 Owner: Bianco Restaurant Group BRC License type: General retail sales Address: Did not disclose Owner: Buddy Ro Customs BSR Plumbing License type: Contractor Address: 7577 Mission Palm St., Las Vegas 89139 Owner: Did not disclose Capita Sync License type: Gross revenue Address: 2187 Handel Ave., Henderson 89052 Owner: Capita Sync Capital Tint License type: Trucking Address: 149 N. Gibson Road, Henderson 89014 Owner: Capital Tint Audrey Carrizzo License type: General services (counter / office) Address: Did not disclose Owner: Audrey Carrizzo Centennial Hills Barber Shop License type: General retail sales Address: 6420 Sky Pointe Drive, Las Vegas 89131 Owner: Joanna Wang Champion Martial Arts License type: General retail sales Address: 7800 W. Ann Road, Las Vegas 89149 Owner: Victory Martial Arts Champion Martial Arts License type: Martial arts instruction Address: 7800 W. Ann Road, Las Vegas 89149 Owner: Victory Martial Arts Chase the Sun Travel License type: Travel and ticket agency Address: Did not disclose Owner: Elizabeth Demeter and Joseph Demeter
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May 15-may 21
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Records and Transactions Clean & Clear License type: Janitorial service Address: 2215 Costa Palma Ave., North Las Vegas 89031 Owner: Ana Gutierrez College Hunks Hauling Junk and Moving License type: Residential property maintenance Address: 3977 W. Oquendo Road, Las Vegas 89118 Owner: Saraphine Inc. D.E.Adams Construction License type: Contractor Address: 2831 St. Rose Parkway, Henderson 89052 Owner: David Adams Dadscaps.Com License type: General retail sales Address: Did not disclose Owner: Donna Lane Dami Pham License type: Real estate sales Address: 1820 E. Sahara Ave., Las Vegas 89104 Owner: Dami Pham Dandy Handyman Service License type: Handyman/maintenance services Address: 2708 Fern Forest Court, North Las Vegas 89030 Owner: Matthew Lanoue Danielle Marie Jorgensen License type: Photography Address: Did not disclose Owner: Danielle Jorgensen Deep Cleaning License type: Residential property maintenance Address: Did not disclose Owner: Sandra Savalza
Address: 6935 Aliante Parkway, North Las Vegas 89084 Owner: Chow & Tran Partnership Eab Short Term Rental License type: Short term residential rental Address: 712 Harper Circle, Las Vegas 89107 Owner: Eab Short Term Rental El Herradero License types: Miscellaneous and restaurant Address: 3402 E. Lake Mead Blvd., North Las Vegas 89030 Owner: El Herradero Night Club Eleganzza Nails License type: Beauty parlor Address: 2442 Las Vegas Blvd. North, North Las Vegas 89030 Owner: Sonia Santana Elodia Lugo Campos License type: Rental property Address: 2427 Mccarran St., North Las Vegas 89030 Owner: Elodio Lugo Campos European Music Market License type: Management or consulting service Address: 7320 Smoke Ranch Road, Las Vegas 89128 Owner: Ronnie Lee
BUILDING PERMITS $8,499,855, medical office shell 1050 W. Galleria Drive, Henderson Fernando Andrade Architect $754,885, church 639 W. Carey Ave., North Las Vegas Great Lakes Construction Inc.
Desert Monkey Dojo License type: Instruction services Address: Did not disclose Owner: The Dynamic Group
$750,398, multifamily x2 2652 and 2672 N. Buffalo Drive, Las Vegas Ovation Development
Dewey Dwight Goering License type: Management or consulting service Address: 7993 Kentshire Drive, Las Vegas 89117 Owner: Dewey Goering
$700,000, disaster 125 S. 13th St., Las Vegas Belfor Usa Group
Direct Insurance License type: Insurance agency Address: 3050 E. Bonanza Road, Las Vegas 89101 Owner: Cesar Rodriguez
$669,870, tenant improvement 1707 Village Center Circle, Suite 290, Las Vegas Beacon Southwest $656,500, commercial 6241 N. Decatur Blvd., Las Vegas Kittrell Jensen Contractors
$392,000, fence 6528 Towerstone St., Lots: 1, 5-35, 40-60, 62-63, 68-76, 83-84, 88, 97-98, 219-222 (retaining walls) and Lots: 1-20, 23-24, 27, 33-34, 46-47, 60-61, 74-75, 85, 87, 98, 214-222 (screen walls), North Las Vegas Hirschi Masonry LLC $296,105, commercial-alteration 2225 E. Centennial Parkway, Suites 106, 107 and 108, North Las Vegas M S Whittington Construction $292,936, single-family residential production 6926 Summer Sky St., Las Vegas Richmond American Homes of Nevada $250,020, commercial - remodel 874 American Pacific Drive, Henderson Touro University Nevada $239,412, commercial-addition 4527 Losee Road, North Las Vegas Relyon Technologies $238,827, residential - new x3 908, 913 and 1004 Bluebird Ridge Court, North Las Vegas Pardee Homes of Nevada $227,099, tenant improvement 5785 Centennial Center Blvd., Suite 210, Las Vegas Copperstone Construction
TWC Construction Inc. $196,197, single-family residential production x5 218, 224, 230, 236 and 242 Elder View Drive, Las Vegas Greystone Nevada $194,186, single-family residential production 5519 Bruin Lakes Ave., Las Vegas Richmond American Homes of Nevada $186,273, single-family residential production 8842 Pauley Hills St., Las Vegas Richmond American Homes of Nevada $186,273, single-family residential production x2 5523 and 5535 Bruin Lakes Ave., Las Vegas Richmond American Homes of Nevada $186,273, single-family residential production 9020 Chopper Prairie St., Las Vegas Richmond American Homes of Nevada $180,562, single-family residential production 9934 Celestial Cliffs Ave., Las Vegas Pulte Homes of Nevada
$220,827, residential - new 909 Bluebird Ridge Court, North Las Vegas Pardee Homes of Nevada
$180,562, single-family residential production 9992 Shadow Landing Ave., Las Vegas Pulte Homes of Nevada
$211,711, single-family residential production 269 Elder View Drive, Las Vegas Greystone Nevada
$177,522, single-family residential production 11837 Bragno Court, Las Vegas Woodside Homes of Nevada
$210,000, wall 6432 N. Shaumber Road, Las Vegas Hirschi Masonry
$176,485, single-family residential production 9730 Yellow Shadow Ave., Las Vegas Richmond American Homes of Nevada
$208,264, single-family residential production 9928 Peaceful Peaks Ave., Las Vegas Pulte Homes of Nevada $203,466, single-family residential production 9603 Ramon Valley Ave., Las Vegas Greystone Nevada $199,546, single-family residential production 8351 Agave Bloom St., Las Vegas William Lyon Homes Inc.
Diversified Human Services License type: Management or consulting service Address: 6148 W. Sahara Ave., Las Vegas 89146 Owner: A & R Diversified Human Services
$450,000, commercial - remodel 517 N. Stephanie St., Henderson TWC Construction $450,000, commercial 3303 W. Sahara Ave., Las Vegas Radix Construction
$198,944, residential - new x3 912, 921 and 1005 Bluebird Ridge Court, North Las Vegas Pardee Homes of Nevada
Dynamic Eye Care License type: Miscellaneous sales/ service
$440,000, commercial - remodel 1050 W. Galleria Drive, Henderson Fernando Andrade Architect
$198,512, commercial-alteration 1815 E. Lake Mead Blvd., Suite 103, North Las Vegas
$175,400, residential - new 4441 Hatch Bend Ave., North Las Vegas KB Home Nevada Inc.. $174,675, residential - new 3940 Carol Bailey Ave., North Las Vegas DR Horton Inc. $174,675, residential - new 5249 Golden Melody Lane, North Las Vegas DR Horton Inc.
2404 Gala Haven Court, North Las Vegas Richmond American Homes of Nevada $171,070, single-family residential production x3 7823, 7835 and 7847 Saber Tooth St., Las Vegas DR Horton Inc. $170,509, residential - new 3941 Carol Bailey Ave., North Las Vegas DR Horton Inc. $170,509, residential - new 5308 Mountain Garland Lane, North Las Vegas DR Horton Inc. $170,509, residential - new 3917 Eagle Glacier Ave., North Las Vegas Beazer Homes Holdings Corp. $168,731, residential - new 920 Bluebird Ridge Court, North Las Vegas Pardee Homes of Nevada $168,303, Single-family residential production 9725 Blistering Sun Ave., Las Vegas Richmond American Homes of Nevada $167,685, single-family residential production 313 Rezzo St., Las Vegas Pulte Homes of Nevada $167,685, single-family residential production 12228 Lorenzo Ave., Las Vegas Pulte Homes of Nevada $166,793, residential - production 1052 E. Sunset Road, Henderson Woodside Homes of Nevada $160,949, single-family residential production 7811 and 7829 Saber Tooth St., Las Vegas DR Horton Inc. $157,499, commercial-alteration 3901 Donna St., North Las Vegas Burke Construction Group Inc. $157,019, single-family residential production x2 327 and 335 Rezzo St., Las Vegas Pulte Homes of Nevada $157,019, single-family residential production 12255 Lorenzo Ave., Las Vegas Pulte Homes of Nevada
$174,675, residential - new 3921 Eagle Glacier Ave., North Las Vegas DR Horton Inc.
$154,092, single-family residential production 10561 Pelican Island Ave., Las Vegas Richmond American Homes of Nevada
$173,935, residential - new
$153,186, wall
20
vegas inc may 15-May 21
your Business-to-business news Send your business-related information to news@vegasinc.com
Records and Transactions 5902 Horse Drive, Las Vegas Hirschi Masonry $153,031, single-family residential production 9922 Celestial Cliffs Ave., Las Vegas Pulte Homes of Nevada $152,040, single-family residential production 7841 Saber Tooth St., Las Vegas DR Horton Inc. $151,404, residential - new 3944 Carol Bailey Ave., North Las Vegas DR Horton Inc. $151,404, residential - new 5312 Mountain Garland Lane, North Las Vegas DR Horton Inc. $151,404, residential - new 3925 Eagle Glacier Ave., North Las Vegas DR Horton Inc. $150,380, residential - production 1056 E. Sunset Road, Henderson Woodside Homes of Nevada $150,000, commercial 7941 N. Jones Blvd., Las Vegas King Communications $150,000, single-family addition 1609 Bayonne Drive, Las Vegas Nevada American Construction $146,998, sesidential - new 6244 Silver Bank St., North Las Vegas KB Home Nevada Inc. $144,671, single-family residential production 391 Pollino Peaks St., Las Vegas Ryland Homes $143,776, residential - new 6209 Stratford Bay St., North Las Vegas KB Home Nevada Inc. $143,568, residential - new 3945 Carol Bailey Ave., North Las Vegas DR Horton Inc. $143,568, Residential - new 5245 Golden Melody Lane, North Las Vegas DR Horton Inc. $141,017, Single-family residential production 416 Vigo Port St., Las Vegas Ryland Homes $140,996, residential - new 4828 Skyraider St., North Las Vegas William Lyon Homes Inc. $140,170, single-family residential production 8402 Canyon Crevasse St., Las
Vegas Pulte Homes of Nevada $140,000, commercial 2201 Spanish Oaks Drive, Las Vegas MK House Consulting $139,839, single-family residential production 7817 Saber Tooth St., Las Vegas DR Horton Inc. $139,234, residential - production 531 Possibilities, Henderson Woodside Homes of Nevada $138,815, single-family residential production 9729 Yellow Shadow Ave., Las Vegas Richmond American Homes of Nevada $137,294, residential - production 710 Tidal Flats, Henderson KB Home Nevada $134,335, commercial-alteration 4705 Vandenberg Drive, North Las Vegas Titanium Building Group LLC
158 Littlestone St., Henderson KB Home Nevada $129,458, residential - new 1216 Becket Hollow Court, North Las Vegas Pardee Homes of Nevada $129,039, residential - new 2505 Gala Haven Court, North Las Vegas Richmond American Homes of Nevada $129,039, residential - new 2412 Charmed Oasis Court, North Las Vegas Richmond American Homes of Nevada $128,778, residential - new x2 1217 and 1225 Becket Hollow Court, North Las Vegas Pardee Homes of Nevada $128,644, residential - production 53 Arista Port St., Henderson Ryland Homes
$133,118, single-family residential production 11907 Montanesa Ave., Las Vegas Ryland Homes
$125,728, single-family residential production 10562 Pelican Island Ave., Las Vegas Richmond American Homes of Nevada
$132,788, residential - new x2 1220 and 1221 Becket Hollow Court, North Las Vegas Pardee Homes of Nevada
$125,535, residential - new x3 5670, 5682 and 5690 Colbert St., North Las Vegas Harmony Homes Inc.
$132,764, residential - new 3549 Starlight Ranch Ave., North Las Vegas SHALC GC Inc.
$125,339, residential - new 6212 Stratford Bay St., North Las Vegas KB Home Nevada Inc.
$131,315, single-family residential production 10564 Pelican Island Ave., Las Vegas Richmond American Homes of Nevada
$125,000, single-family custom 1116 Darmak Drive, Las Vegas Spike Construction
$131,315, single-family residential production 6527 Dunns River St., Las Vegas Richmond American Homes of Nevada $131,250, residential - production 332 Values Circle, Henderson Woodside Homes of Nevada $130,700, residential - new x2 5666 and 5678 Colbert St., North Las Vegas Harmony Homes Inc. $130,000, commercial 3303 W. Sahara Ave., Las Vegas Radix Construction $130,000, mechanical 6900 W. Sahara Ave., Las Vegas Behade Builders $129,475, residential - production
$124,605, single-family residential production 10557 Kennedy Peak Lane, Las Vegas Ryland Homes $124,020, residential - new 4841 Commander St., North Las Vegas William Lyon Homes Inc. $124,020, residential - new 4832 Skyraider St., North Las Vegas William Lyon Homes Inc.
$121,496, residential - new 107 Heathrow Lake Ave., North Las Vegas Woodside Homes Of Nevada, LLC $121,327, residential - new 3656 Fuselier Drive, North Las Vegas Richmond American Homes of Nevada $120,185, single-family residential production 10424 Turtle Mountain Ave., Las Vegas Ryland Homes $118,417, commercial-alteration 3950 N. Bruce St., North Las Vegas Kittrell Jensen Contractors LLC $118,103, residential - new 111 Heathrow Lake Ave., North Las Vegas Woodside Homes of Nevada LLC $117,368, residential - new 4837 Commander St., North Las Vegas William Lyon Homes Inc. $117,368, residential - new 4840 Skyraider St., North Las Vegas William Lyon Homes Inc. $116,927, single-family residential production x2 11861 and 11865 Corenzio Ave., Las Vegas Pulte Homes of Nevada $115,298, single-family residential production x2 10550 and 10555 Forum Peak Lane, Las Vegas Ryland Homes $115,203, residential - new 320 Point Loma Ave., North Las Vegas Century Communities of Nevada $115,203, residential - new 4312 Brazil Palm Court, North Las Vegas Century Communities of Nevada $113,501, residential - new 1212, 1213 and 1224 Becket Hollow Court, North Las Vegas Pardee Homes of Nevada $113,173, residential - production 3153 Dromara Way, Henderson KB Home Nevada
$110,634, commercial-alteration 6355 Shatz St., North Las Vegas Did not disclose $110,000, tenant improvement 1121 S. Decatur Blvd., Suite 140, Las Vegas W & W Custom Builders $109,584, single-family residential production 5806 Brilliant Blue Court, Las Vegas Richmond American Homes of Nevada $107,731, residential - new 4836 Skyraider St., North Las Vegas William Lyon Homes Inc. $107,585, single-family residential production 7137 Flora Lam St., Las Vegas Richmond American Homes of Nevada $107,510, single-family residential production 10549 Kennedy Peak Lane, Las Vegas Ryland Homes $107,510, single-family residential production x3 10551, 10629 and 10648 Forum Peak Lane, Las Vegas Ryland Homes $103,232, single-family residential production 12310 Terrace Ve Roade Ave., Las Vegas K B Home Nevada $102,859, residential - production 965 Spiracle Ave., Henderson KB Home Nevada $102,527, residential - production x2 889 and 901 Spiracle Ave., Henderson KB Home Nevada $100,742, residential - new 5641 Sagamore Canyon St., North Las Vegas Shalc Gc, Inc. $100,742, residential - new 5717 Keystone Crest St., North Las Vegas Shalc Gc, Inc.
$123,154, residential - production x3 524, 528 and 532 Possibilities St., Henderson Woodside Homes of Nevada
$110,769, Residential - new 5504 Stone Lagoon St., North Las Vegas Century Communities of Nevada
$100,000, tenant improvement 1130 S. Casino Center Blvd., Suite 130, Las Vegas E-Tech Construction and Development
$123,091, single-family residential production 54 Silvati St., Las Vegas Pulte Homes of Nevada
$110,769, residential - new 820 Vegas Palm Ave., North Las Vegas Century Communities of Nevada
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vegas inc
your Business-to-business news
may 15-May 21
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The List
Category: advertising agencies (Ranked by 2015 capitalized billing) Year established locally
2015 capitalized billings
Employees
Sample clients
Top executive
R&R Partners 900 S. Pavilion Center Drive Las Vegas, NV 89144 702-228-022 • www.rrpartners.com
1974
$400.4 million
180
Las Vegas Convention and Visitors Authority, NV Energy, American Medical Response
Billy Vassiliadis, CEO
2
SK+G 8912 Spanish Ridge Avenue, 3rd Floor Las Vegas, NV 89148 702-478-4000 • skg.global
1999
$80 million
85
SLS Las Vegas, Borgata, Boyd Gaming
John Schadler, managing partner
3
Penna Powers 2470 St. Rose Parkway, Suite. 208 Las Vegas, NV 89074 702-901-7233 • pennapowers.com
2012
$50 million
4
Did not disclose
Chuck Penna, CEO
4
BrainTrust 8948 Spanish Ridge Ave. Las Vegas, NV 89148 702-862-4242 • www.braintrustlv.com
2006
$41.3 million
36
Ethel M Chocolates, Interstate Hotels and Resorts, Richard Petty Driving Experience
Michael Coldwell and Kurt Ouchida, managing partners
5
B&P Advertising, Media & Public Relations 900 S. Pavilion Center Drive, Suite 170 Las Vegas, NV 89144 702-967-2222 • bpadlv.com
2001
$36 million
40
Cosmopolitan, Nevada State Bank, Southwest Medical Associates
Chuck Johnston, president
6a
The Glenn Group & Wide Awake 241 W. Charleston Blvd., Suite 111 Las Vegas, NV 89102 702-256-0065 • theglenngroup.com & wideawakenv.com
1982
$21 million
30
Stratosphere, Smith Center for the Performing Arts, MGM Resorts International
Valerie Glenn, CEO and principal
6b
Virgen Digital. Brand. Marketing 2470 St. Rose Parkway, Suite 308 Henderson, NV, 89074 702-616-0624 • virgenlv.com
1999
$21 million
20
Miracle Mile Shops, Hofbrauhaus America/ Las Vegas, Southern Nevada Health District
Merrell Virgen, digital marketing consultant
8
Kirvin Doak 5230 W. Patrick Lane Las Vegas, NV 89118 702-737-3100 • kirvindoak.com
1999
$16 million
54
MGM Resorts International, Cleveland Clinic Lou Ruvo Center for Brain Health, Electric Daisy Carnival
Bill Doak, partner
9
Geary Company Advertising 3136 E. Russell Road Las Vegas, NV 89120 702-382-9610 • www.gearycompany.com
1969
$14 million
28
Rampart Casino, Team Ford Lincoln, Neon Museum
Jim McKusick and John Dalrymple, managing partners
Robertson + Partners 6061 S. Fort Apache Road, Suite 100 Las Vegas, NV 89148 702-947-7777 • Robertson.partners
1979
$12 million
18
McDonald’s, Howard Hughes Corp., Clark County
Scott Robertson, CEO
MassMedia 3333 E. Serene Ave., Suite 100 Henderson, NV 89074 702-433-4331 • massmediacc.com
1997
$9 million
43
HealthCare Partners; Southwest Gas; McDonald’s
Kassi Belz, president
12
Swan Advertising 9121 W. Russell Road, Suite 116 Las Vegas, NV 89148 702-876-1559 • swanad.com
1991
$6.5 million
5
Did not disclose
Steve Swan, president
13
Allied Integrated Marketing / 87AM 3340 W. Sahara Avenue, Suite 100 Las Vegas, NV 89102 702-832-3274 • alliedim.com/vegas/
2013
$6 million
13
Venetian/Palazzo; Palms; Wolfgang Puck Worldwide
Arlene Wszalek, vice president, strategic marketing
14
Quillin Advertising, PR & Social Media 8080 W. Sahara Ave., Suite A Las Vegas, NV 89117 702-256-5511 • www.quillinlv.com
2002
$4.75 million
15
America First Credit Union, Best Mattress, Chapman Automotive
Tim Quillin, president and CEO
15
CIM Marketing Partners 8367 W. Flamingo Road, Suite 200 Las Vegas, NV 89147 702-944-2470 • cimmp.com
1996
$4.5 million
10
Hutchison & Steffen, Xtreme Green Electric Vehicles
Darcy Neighbors, Founder/CEO
Company
1
10 11
Source: VEGAS INC research. It is not the intent of this list to endorse the participants or to imply that the listing of a company indicates its quality. Although every attempt is made to ensure the accuracy and thoroughness of VEGAS INC charts, omissions sometimes occur and some businesses do not respond. Please send corrections or additions on company letterhead to Craig Peterson, editor of special publications, VEGAS INC, 2275 Corporate Circle, Suite 300, Henderson, NV 89074.
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