VEGASINC.COM | JUNE 14 - 20, 2015
Brothers Spencer, left, and Thomas Typinski, center, talk with Fennemore Craig director Mark Hawkins about their business, Peak Physique. (STEVE MARCUS/STAFF)
Jump-starting new business Law firm’s program helps entrepreneurs avoid rookie mistakes and steer clear of pitfalls in startup process BY DANIELLE BIRKIN | SPECIAL TO VEGAS INC
When David Knight founded the data-trading platform Terbine last year in the Bay Area, he immediately recognized the saturation of startups in the Silicon Valley and the high cost of doing business there, and he set out to relocate. Âś The serial entrepreneur narrowed his search to two possibilities: Austin, Texas, and Las Vegas, with Southern Nevada VENTURE ACCELERATOR, CONTINUED ON PAGE 15
12
Number of consecutive months gaming revenue has been down in Macau, China. Las Vegas Sands, Wynn Resorts and MGM Resorts International operate resorts in the region.
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280K
Number of jobs employers added in May, according to the U.S. Labor Department. Most were in professional and business services, leisure and hospitality, and health care.
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2 VEGAS INC JUNE 14- JUNE 20
CONTENTS PUBLISHER Donn Jersey (donn.jersey@gmgvegas.com)
EDITORIAL
NOTEWORTHY STORIES
05 06 18 Q&A WITH JOSHUA SMITH
The executive chef at Bardot Brasserie at Aria talks about competitiveness in the restaurant industry, his favorite local restaurants (other than Bardot Brasserie) and the time he almost died but made it to work the next day. THE NOTES Giving, P4
MEET: HIGH DESERT FARMS
Doug and Leslie Ives have learned how to grow fruit, vegetables and microgreens in extreme desert conditions. They discuss the challenges of doing so and the benefits of buying local produce. TALKING POINTS Federal Reserve is walking a tightrope, 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: Accounting firms, P22
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 COORDINATORS Karen Parisi ADVERTISING DIRECTOR Jeff Jacobs EXTERNAL CONTENT MANAGER Emma Cauthorn ACCOUNT MANAGERS Katie Harrison, Dawn Mangum, Breen Nolan, Sue Sran ADVERTISING MANAGERS Jim Braun, Brianna Eck, Frank Feder, Kelly Gajewski, Justin Gannon, Trasie Mason, Donna Roberts, Michelle Walden
MARKETING & EVENTS EVENT MANAGER Kristin Wilson EVENTS COORDINATOR Jordan Newsom DIGITAL MARKETING ASSOCIATE Jackie Apoyan
GREAT RECESSION HAS A SEQUEL: ‘RETURN OF THE ZOMBIE HOMES’ Las Vegas’ housing market is a lot better than it was during the depths of the recession, when it seemed everyone was underwater, losing a home to foreclosure or both. But today, a hallmark of the housing bust not only remains, it seems to be getting worse: abandoned homes. Some 34 percent of Las Vegas Valley homes in the foreclosure process but not yet bank-owned have been vacated by their owners, according to RealtyTrac. That amounts to 1,942 “zombie” foreclosures, up 16 percent from 1,670 zombie homes a year ago. All together, 1 in every 435 homes valleywide is a zombie foreclosure,
EDITOR Delen Goldberg (delen.goldberg@gmgvegas.com) MANAGING EDITOR Dave Mondt (dave.mondt@gmgvegas.com) DIGITAL EDITOR Sarah Burns (sarah.burns@gmgvegas.com) BUSINESS EDITOR Brian Deka (brian.deka@gmgvegas.com) STAFF WRITERS Kailyn Brown, Andrea Domanick, Adwoa Fosu, Jesse Granger, Ana Ley, Megan Messerly, J.D. Morris, Kyle Roerink, Cy Ryan, Eli Segall, Conor Shine, Jackie Valley, Pashtana Usufzy, Katie Visconti, Ian Whitaker COPY DESK CHIEF John Taylor COPY EDITORS Jamie Gentner, Brian Sandford SPECIAL PUBLICATIONS EDITOR Craig Peterson DIGITAL COORDINATOR Adelaide Chen EDITORIAL CARTOONIST Mike Smith LIBRARY SERVICES SPECIALIST Rebecca Clifford-Cruz RESEARCHER Julie Ann Formoso OFFICE COORDINATOR Nadine Guy
compared with 1 in every 1,040 homes nationally, RealtyTrac reported. Such homes usually fall into disrepair and are prone to squatters. They blight neighborhoods and push down property values. Real estate agents, concerned about the number of abandoned homes locally, are “hopeful banks will finally address one of the last dark clouds on the horizon,” Greater Las Vegas Association of Realtors President Keith Lynam recently said. But this can’t be solved just by bankers. Las Vegas is a transient place, and the local economy, while improving, is far from robust. There always will be people, in good times and bad, who can’t afford their mortgage. And there will always be people who say, “Forget it, I’m outta here.” — ELI SEGALL
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, Carlos Herrera 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 GROUP PUBLISHER Travis Keys EXECUTIVE EDITOR Tom Gorman MANAGING EDITOR Ric Anderson CREATIVE DIRECTOR Erik Stein VOLUME 2, ISSUE 22 Vegas Inc (USPS publication no. 15540), 2360 Corporate Circle, Third Floor, Henderson, NV 89074 is published every Sunday except the last 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 Greenspun Media Group 2360 Corporate Circle, Third Floor Henderson, NV 89074 702.990.2545 For inquiries, write to: Vegas Inc 2360 Corporate Circle, Third Floor Henderson, NV 89074 For back copies: Doris Hollifield at 702.990.8993 or e-mail at doris.hollifield@gmgvegas.com For subscriptions: Call 800.254.2610, or visit vegasinc.com. For annual subscriptions, $50. For single copies, $3.99.
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JOIN US for the 2015 Women’s Leadership Conference
July 13 & 14 at MGM Grand Las Vegas
Join hundreds of motivated women, along with a dynamic lineup of engaging and inspirational speakers, for a two-day journey designed to enhance your career, build your professional network and maximize your leadership potential. For more information and to register now, please visit mgmresortsfoundation.org
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4 VEGAS INC JUNE 14- JUNE 20
GIVING Send your business-related information to news@vegasinc.com
Cox Communications opened a technology center at Desert Pines Boys & Girls Club in East Las Vegas. The company also redeployed Connect2Compete, a program that offers discounted high-speed Internet service to low-income families and targets nine Clark County schools near the club: Bracken, Edwards, Earl, Gragson, Hewetson, Ronnow, Cambeiro and Lunt elementary schools, as well as Robison Middle School. The Stratosphere donated $1,000 to the Nevada Society for the Prevention of Cruelty to Animals and the Juvenile Diabetes Research Foundation. The diabetes foundation donation was made on behalf of Old School 105.7 radio host Lynn Briggs, whose family is affected by the disease. The resort also donated $1,000 to the Children’s Heart Foundation and its Walk With the Heart of a Child event. The heart foundation supports families affected by pediatric cardiology conditions. Wynn and Encore committed $75,000 to the Meeting Planners International Foundation to launch a scholarship for professional meeting planners. The money will cover two scholarship recipients each month over the next three years. Blue Man Group is partnering with Autism Speaks, an autism science and advocacy organization. The Blue Man Group pledged $25,000 and is hosting sensory-friendly shows suitable for children with autism spectrum disorders. Slight modifications will be made, including reducing sound and light levels, making headphones available and creating calming environments in each theater’s lobby for families seeking a break from the excitement. Palms Pool and Dayclub is helping charities through Cabanas for a Cause, an annual initiative in which a $100 cabana rental fee is donated on select days to a featured charity of the week. This summer’s beneficiaries include the Epicurean Charitable Foundation, Aid for AIDS in Nevada, Three Square Food Bank and the Goodie Two Shoes Foundation. Rex Bell Elementary School received 450 backpacks filled with school supplies from HDI Global and World Vision. The Leadership Las Vegas Class of 2013 presented Cambeiro Elementery students with more than 800 books for classroom libraries, prizes for reading and nearly $15,000. Police officers raised more than $94,000 at Claim Jumper restaurants during the annual Tip-A-Cop fundraiser benefiting Special Olympics. Officers traded in their badges and handcuffs for aprons and served diners at Claim Jumper locations in Nevada, Arizona, California, New Mexico, Oregon and Washington.
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can enjoy an outdoor classroom and working, living garden. The Torino Foundation received $5,000 from Findlay Automotive Group to help fund the Camp I Am program, which sends children with autism to summer camp.
More than 225 Henderson residents and volunteers from CarMax, Boys & Girls Clubs of Southern Nevada and KaBOOM! built a new playground for children served by the John C. Kish Boys & Girls Clubs of Southern Nevada Clubhouse. Construction and painting took about four hours. The CarMax Foundation also donated $10,000 to Boys & Girls Clubs of Southern Nevada. Through a $4.1 million partnership, the CarMax Foundation and KaBOOM! plan to build 30 playgrounds across the United States by the end of 2015.
Nominations are due June 22 for the 2015 Angel Awards. VEGAS INC will honor people and businesses in Southern Nevada who make a difference in the charitable landscape of our community. The Angel Awards were established to acknowledge and encourage the accomplishments and contributions of our most outstanding community leaders and will be included in our special publication, the Giving Guide. Categories for individuals are Humanitarian of the Year, Volunteer of the Year and Cultural Advocate/Entertainer of the Year. Categories for companies are Nonprofit of the Year, Philanthropic Business of the Year — Public, Philanthropic Business of the Year — Private and Foundation of the Year. Send an email to craig.peterson@gmgvegas.com for more information.
The Public Education Foundation honored Foothill High School Director of Bands Travis Pardee with the Myra Greenspun Teacher Excellence Award. The award — established in 2008 by Myra Greenspun, who is on the executive committee of the Public Education Foundation’s board of directors — recognizes an exemplary public school teacher who uses innovative teaching strategies and raises student achievement. Pardee was nominated by Sean Thueson, a parent and chair of the Falcon Band Boosters at Foothill High School. In his nominating letter, Thueson wrote Pardee’s “life work is dedication to teaching, not just about music, but about life and how to be a good person.” Greenspun is the wife of Brian Greenspun, CEO and publisher of Greenspun Media Group. Raymond Wilmer joined the board of directors of Make-A-Wish Southern Nevada. Wilmer is associate vice president of client sales and a service officer at U.S. Trust, Bank of America Private Wealth Management. He co-founded the Las Vegas chapter of Bank of America’s LGBT Pride Employee Network and served as board president of the Gay and Lesbian Community Center of Southern Nevada. More than 900 volunteers and corporate sponsors from across Southern Nevada repaired and renovated 20
homes during National Rebuilding Day. Southwest Gas teamed with Rebuilding Together Southern Nevada for the 21st year and repaired the home of a U.S. Navy veteran’s widow who adopted her three grandchildren, who require special medical attention. More than $65,000 worth of repairs were made to the home. Lowe’s Home Improvement provided $10,000 to replace the air conditioning unit and repair the home’s roof. Elsewhere, more than 15 Chase Bank employees and five Air Force members worked at a home, landscaping the back yard, painting the exterior, replacing a door, replacing locks and lights, and rewiring the patio area. Nevada State Bank donated $25,000 to Communities in Schools of Nevada to benefit the Splashdown for Kids event and support a hunger prevention program that provides meals to Elko County schoolchildren. The Association of Fundraising Professionals, Las Vegas Chapter, donated $2,000 to the Library District Foundation. The money will benefit the Library District’s Southern Nevada Nonprofit Information Center. Rotary Club of Las Vegas West donated $10,000 to Jack Dailey Elementary for a school garden. The money will pay for raised beds and landscape improvements so students
CenturyLink donated $35,000 to valley schools for technology projects. Dorothy Eisenberg Elementary School was awarded almost $5,000 to buy iPad Minis and pay for attendance to the 2015 National Association for the Education of Young Children Conference. The grant will help students with autism better communicate and learn through hands-on technology. Teacher Brenda McNair submitted the project. East Career and Technical Academy was awarded about $5,000 to buy iPod Touches for students to enhance science and technology learning. Teacher Bonny Warby submitted the project. Ed W. Clark High School was awarded more than $4,000 to buy dual-control starter kits for the robotics program. Teacher Jean Moran submitted the project. Helen Marie Smith Elementary School was awarded more than $2,500 to buy iPad Minis and iTunes gift cards for educational applications. Gifted Specialist Amie Blumenthal submitted the project. Jim Bridger Middle School was awarded approximately $5,000 to buy MacBooks and an Apple TV for collaborative learning. Teacher Amy White submitted the project. Legacy High School was awarded $5,000 to buy chemistry lab probe-ware for advanced placement chemistry students. Teacher Matthew Totaro submitted the project. Silvestri Junior High School was awarded more than $4,000 to buy 3-D engineering software and printing technology. Librarian Julie Curl submitted the project. Spring Mountain Youth Camp was awarded $4,500 to buy a MakerBot printer and 3-D modeling software for art students. Art Department Chairman Bradley Combs submitted the project. A $1 million gift from the Bennett Family Foundation will provide scholarships to more than 150 new and returning UNLV Honors College students over the next four years. Elsa Sabellano Jenstad received a $20,000 scholarship and Krista Burdick was awarded $5,000 to fund their culinary educations at Le Cordon Bleu College of Culinary Arts in Las Vegas, courtesy of Chase Sapphire Preferred. The aspiring chefs worked with chefs Emeril Lagasse and Michael Mina in a cooking competition at Vegas Uncork’d. Matt Smith Physical Therapy’s fourth annual food drive benefiting Three Square Food Bank collected 706 pounds of food, which will help create 588 meals. Since the food drive’s inception in 2012, Matt Smith Physical Therapy has collected 4,291 pounds of food.
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5
THE INTERVIEW
VEGAS INC
Send your business-related information to news@vegasinc.com
JUNE 14- JUNE 20
Q&A WITH JOSHUA SMITH
‘You have to always have the drive to be better’ Joshua Smith is executive chef at Bardot Brasserie at Aria. A Las Vegas native, Smith has more than a decade of experience in the restaurant business, including a stint at L20 in Chicago, which had two Michelin stars before it closed five months ago. Smith is responsible for developing the culinary program at Bardot Brasserie, which is Michael Mina’s first foray into traditional French cuisine on the Strip. You left Las Vegas for a while. What did you miss about the city? What didn’t you miss? I missed my family the most, the weather — I was in Chicago — and the 24-hour food-and-beverage options. I’m excited to be back home to hopefully make a very soulful contribution to the culinary offerings in my hometown. What’s the hardest part about working in the restaurant industry? What’s the most rewarding part? The hardest part has to be the hours. To be a contender, you have to put in lots of effort that the other guy isn’t willing to put in. You have to live, sleep, breath and eat 24/7 like a chef. If you aren’t working on your weaknesses, I can guarantee you the other guy is. You have to always have the drive to be better and offer more. It’s demanding but very rewarding. I guess the effort and invested time is both the hardest and the most rewarding part of being in this industry, all wrapped into one neat little package. What are your favorite local restaurants? My favorite local restaurants are Raku, Lotus of Siam, and I always really love Mary’s Hash House for breakfast. Every ounce of effort at those establishments shows consistently. What do you hate to cook? Subpar ingredients. I don’t enjoy cooking something if I feel challenged by its quality. Fishy fish, mushrooms that are wet and decomposing. If I were cooking at a friend’s house and was handed a bag of frozen vegetables, I’d respectfully agree to cook them, but I would definitely loathe every second. What is the best business advice you’ve received, and from whom did it come? Rich Melman told me to save my money. Being smart with your own money translates into an ability to
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Executive Chef Josh Smith prepares a Mediterranean seabass in the Bardot Brasserie kitchen. (STEVE MARCUS/STAFF)
carefully manage a business. He’s a genius and took me under his wing as a mentor years ago. If I’ll take advice from anyone, it’s him. What are you reading right now? “The French Kitchen,” by Michel Roux Jr. What do you do after work? I stay up two to four hours with my girlfriend doing what other couples do, just a little later at night. We watch TV, eat late dinners, have a few drinks, try new bars, etc. Blackberry, iPhone or Android? IPhone, always. Describe your management style. Consultative/situational leadership. I try to design training and management around my cooks’ abilities, level of motivation and knowledge.
Where do you see yourself in 10 years? I see myself owning and operating a few of my own restaurants — hopefully starting here in my hometown. Wherever I start, I’d like to stay. I don’t believe in spreading too thin. Rich Melman has most of his concepts in Chicago. He keeps the business close to home, and that makes it sincere. What is your dream job, outside of your current field? Motorcycle builder. Whom do you admire and why? My first and foremost role model is my mother. She always puts family first and is extremely responsible and organized. I’d be nowhere if it weren’t for her efforts. In the food kingdom, it has to be Danny Meyer and Daniel Humm, two people I admire for very different reasons.
What are your biggest pet peeves? Swooshes of sauce on a plate and foam sauces. What is something people might not know about you? I survived a motorcycle crash about two years ago. I was hit head-on by a car in my lane. He totaled my motorcycle and got away with a hit-and-run. I was lucky to have just a lot of crazy bruising and a fractured wrist that required surgery. In retrospect, that crash could have ended my life, or life as I know it. I was moving about 45 mph, and the car was doing at least 20 mph. It was a miracle I could walk. I was at L2O 24 hours later with my arm in a sling, using crutches to get around, but I still cooked on the line and carried my own weight.
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6
THE INTERVIEW
VEGAS INC
Send your business-related information to news@vegasinc.com
JUNE 14- JUNE 20
BY THE NUMBERS
569
Number of Las Vegas establishments licensed to sell package liquor, beer or wine. The Las Vegas City Council recently put a hold on new package liquor licenses as it studies whether parts of the city are oversaturated with alcohol retailers.
85
Size, in acres, of Speed Vegas, a proposed racetrack south of the M Resort that would allow customers to drive luxury vehicles. Plans for the attraction call for shops, restaurants and a lounge that serves alcohol.
Doug and Leslie Ives own High Desert Farms, which specializes in growing and selling microgreens, fruit and vegetables for local chefs and restaurants.
37.1 PERCENT
Drop in Macau’s gaming revenue from May 2014 to May 2015. Analysts attribute the decline to governmentled crackdowns on corruption, which they say scared off high rollers.
$2.7 BILLION
Cost of the Parisian Macao being built by Las Vegas Sands on Macau’s Cotai Strip. The casino, which will include about 3,000 rooms and a replica of the Eiffel Tower, is scheduled to open next year.
$4.1 BILLION
Cost of Wynn Palace, a Wynn Resorts casino, set to open next year on Macau’s Cotai Strip.
2.9 POUNDS
Weight of a drone that a real estate broker plans to use to take photos for home listings.
48
Nevada’s ranking for overall economic health, according to the nonprofit Corporation for Enterprise Development. The group said Nevada residents “lack the most basic tools to save and build a secure economic future.”
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(COURTESY)
Desert climate doesn’t stop local farm from growing, selling quality greens Describe your business. We are a local farm that sells products within 24 hours of cutting them, and we deliver our microgreens to Las Vegas each week. We welcome and encourage chefs to visit so they can see our products and how we take care of them.
HIGH DESERT FARMS Address: 1681 Pearl Lane, Pahrump Phone: 971-570-6462 Email: IdBo619@aol.com Website: facebook.com/HighDesertFarms Hours and days of operation: 8 a.m.-3 p.m. Monday-Wednesday and Friday-Sunday Owned/operated by: Doug and Leslie Ives In business since: 2010
What’s the most important part of your job? There is no one job more important than the other. Each job component has to work handin-hand for the business to work successfully. Doug worked in the greenhouse for a year before we started selling to restaurants.
What do you grow? We specialize in microgreens but also grow fruits and vegetables. Our special house blend of microgreens is called Mystical Mix, which enhances the taste buds. It’s one of our most popular products. All of the chefs whom we sell to ask for it. We also work with chefs to create special blends that only their restaurants will serve.
What is the hardest part about doing business in Las Vegas? Trying to get my foot in the door, meeting chefs and getting them to try our samples. It has been challenging encouraging restaurants to purchase products grown locally instead of reaching out to other states. Buying products that are locally-grown not only shows in the freshness and quality but shows the chefs are supporting local businesses.
How have you acclimated your garden to the desert? We have a high-quality cooling system in our greenhouse to keep our microgreens fresh and healthy. During winter months, we use a heating system to help them grow consistent with the temperature and climate they are used to.
What obstacles has your business overcome? Learning how to grow microgreens with extreme temperature changes that vary from 20 degrees to 120 degrees year-round. Also, always trying to keep ahead of the curve to ensure we have enough product but then struggling with a chef canceling part of their order or all of their order due to a slow week at the restaurant.
What makes your business unique? We truly are a mom-and-pop business. Everything we do is hands-on, including growing, watering, cutting, labeling, packing and delivering. We like to deliver our products freshly cut, because we sell to high-end restaurants that enjoy how the microgreens enhance the presentation of their dishes.
What have you learned from the recession? Never give up. Part of having a business is watching it successfully grow while you face hard times. Our business has become successful through the small steps we have made. Slow and steady has been our philosophy, and that is why we grow a quality product and why our customers keep coming back.
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TALKING POINTS Send your business-related information to news@vegasinc.com
READER COMMENTS We want to hear from you. Visit vegasinc.com to post your opinion.
On Eli Segall’s vegasinc.com story “Broker gets FAA approval to use drone to take real estate photos”: It means the end of privacy. Any time, any place ... boom, you can be caught in a picture. — todieforlv77 On Conor Shine’s lasvegassun.com story “Las Vegas puts moratorium on new package liquor stores”: Amazing how these “concerned officials” always play right into the hands of the people who are currently benefiting from the very same licensing, be it casinos or liquor stores or pawnshops. — tvegas
VEGAS INC JUNE 14- JUNE 20
Federal Reserve is walking a tightrope
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GUEST COLUMN: rates. Rather than withdrawing this excess he U.S. economic recovery STEPHEN M. MILLER liquidity, however, the Fed now plans to began accelerating this past keep the excess liquidity in the short run year, its sixth year of recovery. and the size of its current balance sheet Recently, the Federal Reserve by increasing the interest rate on bank stated it planned to slowly raise interest reserves and locking up the excess reserves. Then, in the rates in the second half of 2015 or sometime in 2016. The Fed long run, it will withdraw the excess liquidity at a more walks a tightrope as it considers altering monetary policy. measured, less frenetic pace. The Fed currently holds $4.5 trillion in assets, including Although this strategy apparently differs from the $2.5 trillion in treasuries and $1.7 trillion in mortgageconventional approach, the same dangers exist. Raising the backed securities. Before implementing the program of interest rate on bank reserves too little can release more quantitative easing, the Fed held just under $1 trillion in reserves than desired, financing too much money and credit assets. creation, overheating the economy and igniting inflation. Also, the banking system now holds $2.6 trillion in excess Raising the interest rate on bank reserves too much keeps reserves, a 1,300 percent increase from the $2 billion it held more reserves locked up than desired, financing too little before the Great Recession. This huge overhang in excess money and credit creation and possibly leading back into reserves constitutes the fuel that could ignite excessive recession. inflation. Using the interest rate on bank reserves to lock up excess The Fed’s decision to pay interest on bank reserves in liquidity in the short run and withdrawing the excess October 2008 of 0.25 percent, the fall in the federal funds liquidity in a sustained and systematic manner in the long rate to less than 0.25 percent and the Great Recession run provides the best policy choice. largely precipitate the accumulation of these enormous The Fed, however, embarks on an untested policy path. reserves and liquidity in the banking system. Let’s hope economic shocks — most likely European and/or How does the Fed plan to unwind its balance sheet and Chinese events — don’t topple the agency off its high-wire act. absorb the overhang of excess reserves? Stephen M. Miller is a professor of economics at the Lee Under ordinary conditions, the Fed withdraws excess Business School at UNLV and chairman of board of directors liquidity by selling government securities in the open of the Economic Club of Las Vegas. market, leading to lower asset prices and higher interest
SMITH’S WORLD
Mike Smith is an award-winning editorial cartoonist who also draws for the Las Vegas Sun. His work also is distributed nationally by King Features Syndicate. See archives of his work at lasvegassun.com/smithsworld.
On Ian Whitaker’s lasvegassun.com story “Las Vegas strip club invites recent grads to apply”: What vultures, and what a nice message for younger girls to read as they are passing by on I-15. Just try to imagine if you had daughters old enough to read or close to graduating. — ChristopherVeatersenior If they are 18, it is LEGAL, protected by the constitution, and a smart choice. Why make minimum wage when you can make a thousand dollars a night? There is nothing wrong with legal adult entertainment and nothing wrong with making money in that field. — ryanisawesome
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YOUR BUSINESS-TO-BUSINESS NEWS
VEGAS INC JUNE 14- JUNE 20
Send your business-related information to news@vegasinc.com
How skill-based slots, social media and more will shape casinos of the future BY J.D. MORRIS STAFF WRITER
A new future for slot machine-style gambling is taking shape in Nevada, one that should make casino floors feel more like arcades as casinos attempt to attract younger and more technologically savvy players. Senate Bill 9, which unanimously passed both chambers of the Legislature before Gov. Brian Sandoval signed it last month, allows for an element of skill in the traditionally chance-heavy realm of slot technology. It presents an opportunity for the casino industry to make slots more closely resemble the video games that millennials have grown up playing. But the bill is light on specifics, so regulators and game makers need to figure out exactly how the skill-based evolution will work. “The whiteboard of creativity is blank at the moment,” said Marcus Prater, executive director of the Association of Gaming Equipment Manufacturers, the law’s main advocate. “Once the rules and regulations are written, then the game designers will take over, and that’s who will really make this happen.” The bill directs regulators to adopt rules that promote “innovative, alternative and advanced technology” in casino equipment. That can include requirements for games of skill, which the bill defines as outcomes driven by a player’s ability rather than by chance. The bill also mentions “hybrid” games, in which a combination of chance and a player’s skill determines the outcome. The bill lets casinos create an expe-
An artist’s rendering depicts what a casino could look like with the addition of games allowed under Senate Bill 9. (COURTESY OF THE ASSOCIATION OF GAMING EQUIPMENT MANUFACTURERS)
rience that better reflects the variety of games people can play outside casinos. The key to accomplishing that, he said, is through variable payback percentages. Under that concept, skilled players could boost a game’s 88 percent payback to 98 percent if they excel at a bonus round or in a competition against friends, according to Prater’s group. Don’t expect the advent of skillbased slots to erase the house advantage. Accordingly, Tony Lucas, a professor at UNLV’s hotel college, cautioned against drawing too strong of a comparison between the new technology and actual video games. “You can get better at a video game than I’m sure they will allow you to get at a skill-based slot machine,” Lucas said. Nonetheless, the industry is poised
for substantial changes because of the possibilities afforded by the bill. The equipment association tried to demonstrate that in a rendering it commissioned that shows how a casino of the future might appear. Labels on the image point out a “skill zone midway,” slots with a “team play option,” “spin & win group play” and even “holographic slots.” Eric Meyerhofer, the CEO of Gamblit Gaming, said he’s already heard talk of special areas on casino floors where this kind of alternative gaming technology will be featured. “It’s as much about the modern-day, fun arcade experience as it is just a pure gambling experience,” he said. Meyerhofer’s company makes products that play like video games with a wagering element added. Gamblit wants its games inside Nevada casinos, and though Meyerhofer sees a way to
do that under current regulations, he’s also excited about what variable payback percentages make possible. “An example would be: You’re playing a game like ours and you’re doing well. As you’re moving up the levels into more complicated challenges, the pay tables get better and you can see better jackpots, or more frequent wins or just an overall better returnto-player number,” Meyerhofer said. But as the equipment association’s rendering makes clear, variable payback isn’t the only idea the industry is kicking around. The bill also mentions integrating social networking technology. “A lot of these guys want to be able to use their cellphone right at the slot machine to upload their photos to Instagram, or whatever it’s going to be,” casino consultant Eliot Jacobson Jacobson said. “That’s already happening, so why not make it seamless?” Before any of the bill’s ideas can be put in place, the regulatory framework needs to be established. The Gaming Control Board will develop a regulation draft, then receive input via public workshop before sending it to the Nevada Gaming Commission for approval. Board chairman A.G. Burnett said he would like to see the regulation approved in three months. “That would be a very, very timecompressed, hardworking sort of mandate, but I think that when industry and regulators come together on this one — which we will — we can move pretty fast,” Burnett said. Burnett said he could envision new technology allowed by the bill hitting casino floors by the end of the year.
Homebuyers in Las Vegas are making smaller down payments, report says BY ELI SEGALL STAFF WRITER
Las Vegas homebuyers are making smaller down payments for new purchases, says a new report, a possible sign of easier mortgage lending in what had been ground zero for America’s real estate bust. Southern Nevadans made an average down payment of 13.3 percent of the home’s purchase price in the first
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quarter this year. That’s down from 14.9 percent a year earlier, according to RealtyTrac. In dollars, the average down payment last quarter was $36,326, down from $43,712. Nationally, homebuyers made an average down payment of 14.8 percent in the three months ending March 31, down from 15.5 percent a year earlier, RealtyTrac reported.
Government-controlled mortgage-finance giants Fannie Mae and Freddie Mac recently introduced low down payment programs, and lower insurance premiums for government-insured Federal Housing Administration loans took effect at the end of January, according to RealtyTrac vice president Daren Blomquist. All that helps first-time buyers,
who “typically aren’t able to pony up large down payments” and “are finally starting to come out of the woodwork,” albeit gradually, Blomquist said in the report. In theory, stronger credit scores could result in smaller down payments. But that seems unlikely in Southern Nevada, as the state’s residents have some of the worst personal finances in the country.
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YOUR BUSINESS-TO-BUSINESS NEWS
VEGAS INC
Send your business-related information to news@vegasinc.com
JUNE 14- JUNE 20
Report: Light rail under Strip, monorail extension are envisioned BY CONOR SHINE STAFF WRITER
Long the domain of cars and taxis, getting around the Las Vegas Strip could be a very different experience in 20 years — one that includes an underground light rail system, according to a draft transportation plan released by a coalition of business and government groups. The report gives a first glimpse of some of the proposed ideas to relieve congestion and modernize Las Vegas’ transportation system. The recommendations range from massive long-term projects — like the proposed light rail running beneath the Strip — to smaller, more easily achievable suggestions like adding more pedestrian bridges over Las Vegas Boulevard and increasing staging areas for taxis at the airport and casinos. Known formally as the Transportation Investment Business Plan, the draft report is missing a key component: how to pay for the billions of dollars worth of proposed improvements. That’s something the group of stakeholders working on the plan, which includes the Regional Transportation Commission, casinos, taxi and limousine companies, the Las Vegas Convention and Visitors Authority, and local governments, still is figuring out. The group plans to present possible funding mechanisms to the public this year. The planning process was launched more than a year ago with the goal of finding ways to build and pay for projects that will boost mobility along the Strip and the surrounding urban core, including McCarran International Airport, downtown, UNLV and the medical district. The process is being guided by North Carolina-based Michael Gallis & Associates under a $2.3 million contract. The recommendations in the draft plan are organized into near-, mediumand long-term improvements based on how long they’ll take to fund and complete. Here’s a look at specific suggestions for each category: n Short-term improvements. These are policy, technology and smaller-scale construction projects that could be completed in one to five years. The suggestions focus on such areas as building more bridges over Las Vegas Boulevard and widening sidewalks. For vehicular traffic, the plan recommends improving connections between streets surrounding the Strip, reconfiguring roadways and widening Koval Lane. The biggest recommended change is extending the Monorail to the Manda-
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Medium-term
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Region: US Language: English Notes: None
headliner is a light rail service that would run underneath Las Vegas Boulevard between Hacienda and Sahara tation hub at McCarran Airport. avenues, while also linking to downNOT TOrapid BE USEDtown FORLas COLOR This section also calls for a bus Vegas APPROVAL and the airport. transit or streetcar line down CW: J. Kistner AM: S. Balicki BM: D.MaryScampini P: The K. Greenother major change recomland Parkway connecting the airport, mended in this section is to extend and UNLV and downtown Las Vegas. connect East and West Russell Road underneath the airport. n Long-term improvements. The
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10 VEGAS INC JUNE 14- JUNE 20
YOUR BUSINESS-TO-BUSINESS NEWS Send your business-related information to news@vegasinc.com
Casino execs: Expect the unexpected in Macau BY J.D. MORRIS STAFF WRITER
Macau once was a reliable cash cow for Las Vegas casino companies. But for almost a year, the Chinese gambling hub has been a letdown. A government-led crackdown on corruption in China has curtailed the flow of high rollers responsible for much of Macau’s financial success, analysts say, and gaming revenues there have declined for 11 consecutive months as a result. No one knows if or when the situation will improve. The downturn is particularly harmful to Las Vegas Sands, Wynn Resorts and MGM Resorts International, which run big resorts in Macau. Still, all three are pressing full steam ahead with the construction of new resorts there. Each company is affected differently, and the circumstances generally are out of their control. But as the casino operators look to expand, the question remains: Will Macau return to its former financial glory? THE SITUATION Macau’s yearly gaming revenue is more than six times that of the Las Vegas Strip, and a much greater portion of it comes from baccarat. Last year, for example, revenue from VIP baccarat alone accounted for more than 60 percent of gaming revenue in Macau, according to the UNLV Center for Gaming Research. Other baccarat play was responsible for more than 30 percent of the revenue. In Las Vegas, baccarat constituted only about 23 percent of the Strip’s revenue in 2014. That means Macau is particularly vulnerable to changes in VIP play, which has been hit hard by the anti-corruption drive initiated by China’s President Xi Jinping. “Big players choose to lay low, and as the drive has continued and widened its scope, fear has spread, inducing more players to stay away, visit less often or go to other destinations where they believe they can better avoid scrutiny from mainland authorities,” a recent Forbes article said. Nonetheless, analysts from Union Gaming Group, which closely monitors Macau gaming, wrote in a recent report that “while much of the story feels very much like doom and gloom,” analysts remain positive about the city’s outlook. Union Gaming said it believed some of the VIP play would bounce back. “Namely, we believe that there exists a large pool of VIP customers who are patiently sitting on the sidelines waiting for the all-clear message to be sounded,” analysts wrote. “Although we do not believe the anti-corruption drive will cease, we do believe that at some point, it will begin to wane, and those who feel the least at risk will return to Macau.” LAS VEGAS SANDS Despite its name, Sheldon Adelson’s Las Vegas Sands Corp. gets most of its revenue from China, where it controls four properties: Venetian Macao, Sands Macao, Plaza Macao and Sands Cotai Central. Last year, nearly two-thirds of Las Vegas Sands’ net revenue came from Macau. n Financial performance. During the first quar-
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Dealers await hotel guests at baccarat tables on the opening day of Sheraton Macao Hotel at the Sands Cotai Central in Macau. (ASSOCIATED PRESS FILE)
ter of this year, Sands’ revenue dropped 24.9 percent from the previous year to $3 billion, while earnings declined 34 percent to $511.9 million. Revenue from the company’s Chinese subsidiary dropped 34.9 percent from 2014 to $1.8 billion. n Plans. Sands’ big project is the $2.7 billion Parisian Macao, set to open next year on Macau’s Cotai Strip. It is expected to include about 3,000 rooms and suites, as well as a replica of the Eiffel Tower. WYNN RESORTS Macau is vital to the business of Wynn Resorts. The company runs Wynn and Encore in Las Vegas, as well as Wynn Macau, which also has an Encore tower. But the revenue share is not divided equally. Macau far outpaces Las Vegas. n Financial performance. During the first quarter of this year, Wynn Resorts’ revenue dropped 27.8 percent from 2014 to $1.1 billion, and the company reported a $44.6 million loss. Net revenue from Macau operations dropped to $705.4 million from $1.13 billion during the first quarter of 2014. n Plans. Wynn Resorts is pressing ahead with its $4.1 billion Wynn Palace project, set to open next year on the Cotai Strip. Its amenities include a 1,700-room hotel and a “performance lake.” Steve Wynn has raised expectations for the new resort, telling analysts it will be the most stunning hotel on the planet. It is being built at the same time Wynn Resorts moves forward with plans to build a hotelcasino near Boston. MGM RESORTS Compared with the other two companies, MGM Resorts International is much less vulnerable to fluctuations in Macau. MGM Macau brings in a lot of revenue for the company, but the company’s domes-
tic resorts still accounted for about twice as much revenue last year. So Macau is a problem for MGM, just not to the level it is for other operators. n Financial performance. During the first quarter of this year, MGM Resorts’ net revenue dropped 11.3 percent from 2014 to $2.3 billion, while earnings rose 65 percent to $169.9 million. In the company’s Chinese division, revenue for the quarter declined 33 percent from last year to $630.1 million. n Plans. MGM Resorts is working on a $2.9 billion MGM Cotai project, which, like the competing projects, is expected to open next year. It is expected to include about 1,500 hotel rooms and a flashy “transformable” theater that will provide “a wide range of entertainment that will literally change before your eyes,” MGM China officials said. EFFECT ON LAS VEGAS Baccarat may be less important to Las Vegas than to Macau, but it’s still a significant factor in gaming revenue for the Strip and Nevada overall. It’s not that the game is wildly popular with most tourists; rather, it’s a relatively small group of high rollers at a handful of properties who play with a lot of money. “Let’s put it this way: It’s not played at every casino, and it’s not played by the masses,” said Michael Lawton, a senior research analyst for the state Gaming Control Board. “You’re looking at a very narrow view when you’re looking at the baccarat business.” Given baccarat’s popularity in China, then, is Las Vegas experiencing any spillover effect because of the slowdown abroad? Perhaps, but Lawton said the jury still is out. Nevada experienced six consecutive monthly declines in baccarat betting volume before it went up in March.
6/12/15 2:43 PM
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YOUR BUSINESS-TO-BUSINESS NEWS Send your business-related information to news@vegasinc.com
VEGAS INC JUNE 14- JUNE 20
VENTURE ACCELERATOR, FROM PAGE 1
Fennemore Craig adopts Silicon Valley model emerging as the front-runner. “There is a growing technology community in Las Vegas and a lot of people who would like to see Southern Nevada become a technology hub,” Knight said. His company Terbine is a broker through which companies can buy and sell data collected from sensors. “We wanted to be one of the anchor companies in this vibrant market.” There was one possible deal-breaker. “We realized there’s not as much infrastructure and support systems in place here for tech startups, so we wondered if we would be able to find the services we needed,” Knight said. A colleague suggested Knight get in touch with law firm Fennemore Craig, which in late 2013 launched a venture accelerator program and emerging businesses and technologies department, designed to help entrepreneurs avoid common rookie mistakes and steer clear of pitfalls throughout the startup process. Run by attorneys who specialize in startups, the venture accelerator program offers legal advice and tailors its approach to need. Topics for which help is offered include raising capital; protecting branding, technology and other intellectual property; labor law considerations; engaging in the market; securing office space; and litigation. But there’s much more to the program than a little lawyerly handAttorneys Mary Bacon and Mark Hawkins work with the Fennemore Craig venture holding. In breaking with the tradi- accelerator program. (STEVE MARCUS/STAFF) tional legal mold, Fennemore Craig services to techas more complex matters specific to adopted an approach that’s comnology compatech companies or businesses taking mon in the Silicon Valley but new to nies worldwide, on venture capital. Those issues inSouthern Nevada. offers a similar clude stock-purchase and stockhold“One of the biggest issues facing initiative and has er agreements and employee stockstartups is lack of capital, so in this worked with a option plans. program, we can defer a small amount slew of big-name “We selected Fennemore Craig over of legal fees and also put up a small startups. some very prestigious Silicon Valley equity investment in the company FARROW “Roy is a really firms and realized they are the only through a separate fund,” said Mark sage technology industry attorney firm in the region that was speaking Hawkins, a director with Fennemore who comes from a prestigious Silicon our language,” Knight said. “It’s comCraig, which employs almost 200 atValley firm, and he brought that DNA plicated from a legal standpoint, so torneys and more than 400 employwith him when he came to Nevada,” having a group of people who really ees in offices in Las Vegas, Reno, DenKnight said. understand the law in Nevada, as well ver, Phoenix, Tucson, and Nogales, Serial entrepreneur Thomas Typas the world of federal legislation, is Ariz. “Silicon Valley firms often offer inski also applied and was accepted very important moving forward.” such programs, but we’re the only one to the venture accelerator program. Fennemore Craig recruited Roy in Nevada that I know of.” Typinski, an Army veteran and comFarrow, formerly with Palo Alto, CaFennemore Craig has helped clipetitive bodybuilder who launched lif., mega-firm Wilson Sonsini Goents with such basic legal tasks as getthree tech companies in the Bay Area, odrich & Rosati, to help develop the ting business licenses, issuing corporecently launched Peak Physique, a program. Wilson Sonsini Goodrich rate charters and establishing bylaws mobile iPhone application and fitness & Rosati, a leading provider of legal and articles of incorporation, as well
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progress tracker. “I did my first two companies through LegalZoom, but the third one was much bigger, so I used a company in California that was familiar with deferred payments,” Typinski said. “When I sold my shares in that company and started Peak Physique, I wanted to have the same type of structure here in Las Vegas, and I went with a local firm who immediately sent me a random bill for thousands of dollars.” Disgruntled, Typinski broke off that relationship and resigned himself to the fact he was on his own. A chance meeting with Fennemore Craig associate Mary Bacon changed his tune. “The program they have catering to the Vegas tech scene is really rare here, but the concept was familiar to me because of my experience with Silicon Valley law firms,” Typinski said. “This is my fourth company, so I kind of know what to look out for, but it’s great to have the team for support.” So what kind of companies are a good fit for the program? “We try to identify promising startups that have a significant opportunity for success,” said Farrow, who oversees the program for all six Fennemore Craig offices. “There’s an old adage that ideas are a dime a dozen, and there are a lot of great ideas out there. But having a really good idea is only a small step in building an enterprise. You also need a skilled and experienced legal team, a complementary management team and a viable business model to take that idea to a successful conclusion. Historically, most new companies fail.” In fact, according to a recent Harvard Business School study, more than 75 percent of startups go bellyup. Cash-flow problems are among the leading causes. Fennemore Craig has a fee-deferral component to the venture accelerator program to help ease that initial financial squeeze. Despite participating in startup seminars and workshops to raise awareness about the program locally, only four companies have qualified because the vetting process is so rigorous. “This is an ongoing program that we will continue to develop,” Hawkins said.
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YOUR BUSINESS-TO-BUSINESS NEWS
VEGAS INC
Send your business-related information to news@vegasinc.com
JUNE 14- JUNE 20
Calendar of events MONDAY, JUNE 15 PLuS Center Course: Casino Auditing I Time: 8:30 a.m.-5 p.m. (same time June 16) Cost: $895; $945 for late registration Location: UNLV Stan Fulton Building, 4505 S. Maryland Parkway, Las Vegas Information: Visit cvent.com/d/1rq2f0 Auditing personnel and gaming industry regulators can participate in discussions about internal control and fraud, and other gaming topics, online or in person.
TUESDAY, JUNE 16 Franchising: Debunking the Myths, or “It’s not all burgers and fries” Time: 8:30-9:45 a.m. Cost: Free Location: Microsoft Store, 3200 Las Vegas Blvd. South, Suite 1045, Las Vegas Information: Visit facebook.com/SCORELV Sarah Brown, a FranNet consultant and SCORE partner, will lead a workshop for people who work with small businesses and want to better understand the franchise model, explore smallbusiness ownership or be a franchise investor. Women’s Club of Summerlin “Dare to Dream” awards dinner Time: 6:30 p.m. Cost: $32 Location: TPC Summerlin, 1700 Village Center Circle, Las Vegas Information: Visit web.lvchamber.com/events Winners of the Women’s Club of Summerlin “Dare to Dream” grant will be announced. The award is given to women working to improve themselves and the community’s educational opportunities and business development.
Nevada and how the acquisition of the former Nevada Cancer Institute building will further its cause. PLuS Center Course: Casino Auditing II Time: 8:30 a.m.-3 p.m. through June 19 Cost: $1,245, $1,295 for late registration Location: UNLV Stan Fulton Building, 4505 S. Maryland Parkway, Las Vegas Information: Visit cvent.com/d/crqw1m/4W Auditing personnel and gaming industry regulators who participated in “PLuS Center Course: Casino Auditing I” can join in discussions about auditing credit, comps and slot clubs, and other auditing topics. Gaming employee registration training Time: 8:30 a.m.-noon Cost: $75 Location: UNLV Stan Fulton Building, 4505 S. Maryland Parkway, Las Vegas Information: Call Nakia Jackson-Hale at 702895-2008 or email nakia.jackson-hale@unlv.edu Learn about the Nevada Gaming Control Board’s online gaming employee registration system and how to access the board’s records. Rebel business network luncheon Time: 11:30 a.m.-1 p.m. Cost: $25 for members, $35 for nonmembers Location: UNLV Richard Tam Alumni Center, 4505 S. Maryland Parkway, Las Vegas Information: Visit connect2.unlv.edu/network Find out what changes are heading our way in the wake of the state legislative session.
THURSDAY, JUNE 18
Southern Nevada Nonprofit Information Center workshop Time: 2 p.m. Cost: Free Location: Clark County Library, 1401 E. Flamingo Road, Las Vegas Information: Call 702-507-3459 What’s the next step after becoming a nonprofit organization in Nevada? Co-sponsored by the Foundation Center, this workshop will teach nonprofit professionals how to obtain tax-exempt status from the IRS.
WEDNESDAY, JUNE 17 The College of Medicine at Roseman University of Health Sciences public meeting Time: 11:30 a.m.-12:30 p.m. Cost: Free Location: College of Medicine at Roseman University of Health Sciences Summerlin campus, 10530 Discovery Drive, Las Vegas Information: Email mediPENN cine@roseman.edu Dr. Mark Penn, dean of the college, will speak about the institution’s impact on Southern
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Time: All day Cost: $290, $230 for State Bar of Nevada Gaming Law Section members Location: Paris, 3655 Las Vegas Blvd. South, Las Vegas Information: Visit regonline.com/Register/ Checkin.aspx?EventID=1654257 Speakers from several industries will discuss best practices in the gaming profession and how to meet customer expectations.
FRIDAY, JUNE 19 “Direct Marketing for Farm and Food Products” Time: 8:30 a.m.-5 p.m. Cost: $30 (includes lunch) Location: University of Nevada Cooperative Extension’s Lifelong Learning Center, 8050 Paradise Road Information: Call 702-397-2604 This workshop is designed for growers and small food producers looking to expand or diversify their direct marketing. Topics will cover farm shop development and value-added product sales via tourism outlets.
MONDAY, JUNE 22 Vegas Young Professionals Toastmasters meeting Time: 6 p.m. Cost: Free Location: Las Vegas Metro Chamber of Commerce, 575 Symphony Park Ave., Suite 100, Las Vegas Information: Call Shavonnah Tiera at 702-7439358 or email info@vegasyp.com Network with local young professionals and trade tips on how to improve speaking, presentation and leadership skills.
THURSDAY, JUNE 25
John Entsminger will speak about water issues at the Orleans. (STEVE MARCUS/STAFF FILE)
“Meeting Tomorrow’s Challenges Today: A Reliable Water Supply for Southern Nevada” Time: Registration begins 11:30 a.m. Cost: $35 for NAIOP members, $50 for nonmembers Location: Orleans, 4500 W. Tropicana Road, Las Vegas Information: Visit naiopnv.org Southern Nevada water expert John Entsminger will speak about water issues facing the valley and the commercial real estate development industry. 2015 Bank Secrecy Act Conference
CBER’s 2015 Midyear Economic Update Time: 8-10:30 a.m. Cost: $80 per person, $75 for two or more people before June 17, $100 per person after June 17 Location: Venetian, 3325 Las Vegas Blvd. South, Las Vegas Information: Visit cber.unlv.edu/outlook.html Members of UNLV’s Center for Business and Economic Research will present the center’s economic outlook for Southern Nevada and the nation. Robert Lang, director of Brookings Mountain West, will discuss opportunities and obstacles for Southern Nevada’s long-term growth. Nevada Restaurant Association and Nevada Hotel and Lodging Association 2015 bowling tournament Time: 12-4 p.m. Cost: $39 Location: Orleans Bowling Center, 4500 W. Tropicana Ave., Las Vegas Information: Visit nvrestaurants.com Join local professionals and friends in a bowling tournament with cash prizes. Proceeds will fund hospitality scholarships.
6/12/15 2:42 PM
18 VEGAS INC JUNE 14- JUNE 20
THE DATA Send your business-related information to news@vegasinc.com
Records and Transactions BANKRUPTCIES CHAPTER 7 Hallier Aviation LLC 2510 E. Sunset Road, Suite 5-400 Las Vegas, NV 89120 Attorney: Victoria L. Nelson at vnelson@nelsonhoumand.com Panorama Towers II Mezz LLC 2510 E. Sunset Road, Suite 5-400 Las Vegas, NV 89120 Attorney: Jacob L. Houmand at jhoumand@nelsonhoumand.com Hallier Group Holdings Inc. 2510 E. Sunset Road, Suite 5-400 Las Vegas, NV 89120 Attorney: Victoria L. Nelson at vnelson@nelsonhoumand.com Hallier Panorama Holdings LLC 2510 E. Sunset Road, Suite 5-400 Las Vegas, NV 89120 Attorney: Victoria L. Nelson at vnelson@nelsonhoumand.com Panorama Towers II LLC 2510 E. Sunset Road, Suite 5-400 Las Vegas, NV 89120 Attorney: Jacob L. Houmand at jhoumand@nelsonhoumand.com Hallier Properties LLC 2510 E. Sunset Road, Suite 5-400 Las Vegas, NV 89120 Attorney: Victoria L. Nelson at vnelson@nelsonhoumand.com Panorama Towers III LLC 2510 E. Sunset Road, Suite 5-400 Las Vegas, NV 89120 Attorney: Jacob L. Houmand at jhoumand@nelsonhoumand.com
CHAPTER 11 Power & Environment International Inc. P.O. Box 2890 Minden, NV 89423 Attorney: Kevin A. Darby at kevin@darbylawpractice.com
BROKERED TRANSACTIONS SALES $12,000,000 for 138 units, residential 7400 Pirates Cove Road, Las Vegas 89145 Seller: 7400 Pirates Cove LP Seller agent: Patrick Sauter and Art Carll of NAI Vegas’ Sauter Multifamily Group Buyer: RAAMCO LV LLC Buyer agent: Patrick Sauter and Art Carll of NAI Vegas’ Sauter Multifamily Group $6,500,000 for 144 units, residential 711 E. Nelson Ave., Las Vegas 89030 Seller: Did not disclose
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Seller agent: Patrick Sauter, Art Carll and Devin Lee of NAI Vegas Sauter Multifamily Group Buyer: Did not disclose Buyer agent: Patrick Sauter, Art Carll and Devin Lee of NAI Vegas Sauter Multifamily Group $4,000,000 for 153.32 acres, golf course 901 Olivia Parkway, Henderson 89011 Seller: Century Tuscany GC LLC Seller agent: Keith Cubba of Colliers International Buyer: Chimera Golf Club LLC Buyer agent: Did not disclose $3,177,735 for 45,000 square feet, hotel 1000 N. Main St., Las Vegas 89101 Seller: Spinsig Enterprises LLC Seller agent: Al Twainy of Colliers International Buyer: CMA Industries Buyer agent: Did not disclose $2,200,000 for 28,000 square feet, industrial 6335 Sunset Corporate Drive, Las Vegas 89120 Seller: Southwest Linen Seller agent: Dean Willmore, Dan Doherty, Susan Borst, Chris Lane and Jerry Doty of Colliers International Buyer: MCA Realty Buyer agent: Did not disclose $1,630,000 for 7.5 acres, land APN: 176-19-801-014 near South Fort Apache Road and West Gomer Road Las Vegas Seller: BLM Seller agent: Did not disclose Buyer: Mosaic Four LLC Buyer agent: Vince Schettler of Colliers International $1,185,000 for 5 acres, land APN: 176-19-801-018 near South Fort Apache Road and West Gomer Road, Las Vegas Seller: BLM Seller agent: Did not disclose Buyer: Mosaic Land Fund Two LLC Buyer agent: Vince Schettler of Colliers International $775,000 for 5 acres, land APN: 176-19-701-019 near South Fort Apache Road and West Gomer Road Las Vegas Seller: BLM Seller agent: Did not disclose Buyer: Mosaic Land Fund Two LLC Buyer agent: Vince Schettler of Colliers International $490,000 for 4,023 square feet, office 1661 Horizon Ridge Parkway, Suites 211 and 291, Las Vegas 89012 Seller: Sunstone Horizon LLC Seller agent: Bridget Richards and Jason Lesley of Colliers Interna-
tional Buyer: Weiss Family Trust Buyer agent: Andrew Kilduff and Sam Newman of Colliers International $280,000 for 2,554 square feet, office 3674 E. Sunset Road, Las Vegas 89120 Seller: Sunset Pecos II LLC Seller agent: Bridget Richards and Jason Lesley of Colliers International Buyer: Sedum LLC Buyer agent: Did not disclose $561,475 for 3,444 square feet, retail for 72 months, NNN Investment 1124 W. Sunset Road, Henderson 89014 Seller: Sun Life Assurance Company of Canada Seller agent: Nelson Tressler and Mike Zobrist of Newmark Grubb Knight Frank Buyer: Select Comfort Retail Corporation Buyer agent: Did not disclose $381,031 for 6,289 square feet, office for 50 months 9041 S. Pecos Road, Suites 3900 and 4100, Henderson 89074 Seller: 9005-9089 S. Pecos Road LLC Seller agent: Nicholas Barber and Jeremy Foley of Cushman & Wakefield Commerce Buyer: Udeed LLC Buyer agent: Did not disclose $322,770 for 15,261 square feet, office for nine months 7450 Arroyo Crossing Parkway, Building 1, Las Vegas 89113 Seller: EJM Corporate Center 1 & 2 Properties LLC Seller agent: Brad Peterson of CBRE Buyer: SolarCity Corporation Buyer agent: Dan Palmeri of Cushman & Wakefield Commerce $208,367 for 1657 square feet, retail for 65 month 1750 N. Buffalo Drive, Suite 103, Las Vegas 89128 Seller: New Deal-Seabreeze LLC Seller agent: Robert S. Hatrak II of Virtus Commercial Buyer: Salon Broadway LLC Buyer agent: Robert S. Hatrak II of Virtus Commercial $189,000 for 100 square feet, retail for 120 months, base rent 1995 N. Nellis Blvd., Las Vegas 89115 Seller: 1995 Nellis LLC Seller agent: Eric Berggren of Newmark Grubb Knight Frank Buyer: Bank of America, National Association Buyer agent: N/A
Re $89,802 for 1,551 square feet, retail for 36 months 10845 E. Eastern Ave., Las Vegas 89147 Seller: Eastern Hills Center Phase L2015 LLC Seller agent: Deanna Marcelo of the Equity Group Buyer: Stacy & John O’Leary dba Penelope Wildberry Buyer agent: Lauren Tabeek of Voit Real Estate Services
Business type: Restaurant Address: 5990 Centennial Center Blvd., Las Vegas Owner: Firerock Steakhouse Centennial LLC
$84,250 for 1,000 square feet, retail for 60 months, NNN Investment 5415 S. Rainbow Blvd., Suite B-1, Las Vegas 89118 Seller: Levian Flamrain Las Vegas LLC and Favan Flamrain Las Vegas LLV Seller agent: Nelson Tressler and Mike Zobrist of Newmark Grubb Knight Frank Buyer: Silk Skin Laser Spa LLC dba Silk Skin Laser Spa Buyer agent: Rudy Romano of Urban Nest Realty
Fitness By M! Business type: Instruction services Address: Did not disclose, Las Vegas Owner: Fitness By M! LLC
$70,128 for 1,206 square feet, retail for 36 months 7595 W. Washington Ave., Suite A120, Las Vegas 89128 Seller: PWREO Buffalo & Washington LLC and AG Brookfield LLC Seller agent: Bill Dunbar of Dunbar Commercial Buyer: Alpha Female LLC dba Kaia Fit Las Vegas Buyer agent: Jeff Mitchell and Preston Abell of Virtus Commercial
First Choice Green Solutions LLC Business type: Business support service Address: 3161 E. Warm Springs Road, Suite 200, Las Vegas Owner: Eugene Cimorelli
Frank Ruffa Business type: Business consultant Address: 5124 Conway St., North Las Vegas Owner: Frank Ruffa Friendly Computer Repair LLC Business type: Interactive entertainment center Address: 2562 S. Valley View Blvd., Las Vegas Owner: Maria Torres Full Steam Ahead LLC Business type: Residential property maintenance Address: 11555 W. Wigwam Ave., Las Vegas Owner: Kent Bosworth Gabriel Camacho Business type: Rental property Address: 2501 Crawford St., North Las Vegas Owner: Gabriel Camacho
BID OPPORTUNITIES TUESDAY, JUNE 16 2 p.m. One-year open-term contract for highway solid chemical de-icer State of Nevada, 8344 Marti Marsh at mmarsh@admin. nv.gov
FRIDAY, JUNE 19 2:15 p.m. Convention Center Drive, Las Vegas Boulevard to Paradise Road Clark County, 603674 Tom Boldt at tboldt@ClarkCountyNV.gov
BUSINESS LICENSES Family Property MGMT LLC Business type: Real estate sales Address: 7324 W. Cheyenne Ave., Suite 2, Las Vegas Owner: Eric Roth Fancy Nails Business type: Beauty parlor Address: 3960 W. Craig Road, North Las Vegas Owner: Cindy Chau Firerock Steakhouse
Genesis Car Wash Business type: Automobile detailing Address: 5494 Jacobs Field St., Las Vegas Owner: Carlos C. Pretell Golden Gate Chinese Restaurant Business type: Restaurant Address: 1654 W. Warm Springs Road, Henderson Owner: Tsai & Kuan LLC Great Clips Business type: General retail sales Address: 877 S. Rainbow Blvd., Las Vegas Owner: Vguru LLC Haggen Business type: Package Address: 1940 Village Center Circle and 820 S. Rampart Blvd., Las Vegas Owner: Haggen Opco South LLC Hansen Network Solutions & Services LLC Business type: Trucking - service vehicle Address: 4255 S. Dean Martin Drive, Suite C, Las Vegas Owner: Hansen Network Solutions
6/12/15 2:41 PM
& Servic
Hectors Business Address Las Veg Owner: H
Hipolito Business ing Address Suite 108 Owner: H
Home D Business nursery Address way, Las Owner: H
Hunt & G Business caterer Address Suite 145 Owner: P
Icollisio Business Address Blvd., Su Owner: A
Iconn Co Business Address Henders Owner: I Consulti
Ifloat Th Business Address Road, Su Owner: A
Integrit Business services Address Vegas Owner: D LLC
Intellige Business service Address Road, Su Owner: D
J&M App Business erty mai Address Las Veg Owner: J
James J Business Address Las Veg Owner: M tioning A
Jan Row
19
THE DATA
VEGAS INC
Send your business-related information to news@vegasinc.com
JUNE 14- JUNE 20
Records and Transactions & Services Hectors Construction LLC Business type: Drywall contract Address: 2624 Westwood Drive, Las Vegas Owner: Hector Torres Revilla Hipolito Lozoya Business type: Automobile detailing Address: 3630 E. Owens Ave., Suite 1082, Las Vegas Owner: Hipolito Lozoya Home Depot Business type: Building, plant nursery and hardware supplies Address: 7881 W. Tropical Parkway, Las Vegas Owner: Home Depot USA Inc. Hunt & Gather Cafe Business type: Alcoholic beverage caterer Address: 7240 W. Azure Drive, Suite 145, Las Vegas Owner: Pura Vida Amigas LLC Icollision LLC Business type: Automotive garage Address: 6905 W. Charleston Blvd., Suite 170, Las Vegas Owner: Akop Giandjian Iconn Consultants Business type: Consulting Address: 333 Laguna Glen Drive, Henderson Owner: Intimate Connections Consulting LLC Ifloat Therapy LLC Business type: General services Address: 2291 S. Fort Apache Road, Suite 106, Las Vegas Owner: Anushavan Yeranosyan Integrity Global Security Business type: Professional services Address: Did not disclose, Las Vegas Owner: Dragon Master Security LLC Intelligent Office Business type: Business support service Address: 5550 Painted Mirage Road, Suite 320, Las Vegas Owner: Daly Double Inc. J&M Appliance Repair Business type: Residential property maintenance Address: 6730 Prairie Dusk Drive, Las Vegas Owner: Joseph Bayne
Business type: Psychic arts Address: 4760 S. Pecos Road, Las Vegas Owner: Jan Rowe Jessie Sorani Business type: Real estate sales Address: 6628 Sky Pointe Drive, Suite 200, Las Vegas Owner: Jessie Sorani LLC Jose Barron Business type: Rental property Address: 2120 Statz St., North Las Vegas Owner: Jose Barron and Gloria Ruelas Joseph Memolo Business type: Real estate sales Address: 10750 W. Charleston Blvd., Suite 180, Las Vegas Owner: Joseph Memolo Just Smooth You Business type: Cosmetological establishment Address: 3400 W. Desert Inn Road, Suite 2, Las Vegas Owner: Just Smooth You LLC K. Kruz Bounce House & Inflatables Business type: Trucking - service vehicle Address: 1244 Appaloosa Hills Ave., North Las Vegas Owner: Brittany L. Haney Kelly Camacho Business type: Real estate sales Address: 10220 W. Charleston Blvd., Suite 3, Las Vegas Owner: Kelly Camacho Kelly Humphries Business type: Real estate sales Address: 1120 N. Town Center Drive, Suite 130, Las Vegas Owner: Kelly Humphries Kent’s Glass & Mirror Inc. Business type: Handbill and oral solicitation Address: 1717 S. Decatur Blvd., Suite J21, Las Vegas Owner: Kent L. Crawford Khepri Solar Energy LLC Business type: Commercial - solar energy Address: 2808 Willow Wind Court, Las Vegas Owner: Justin Parr Khepri Solar Energy LLC Business type: Contractor Address: Did not disclose, Las Vegas Owner: Justin Parr
James J. Montgomery Business type: HVAC service Address: 893 Coldwater Falls Way, Las Vegas Owner: Montgomery Air Conditioning And Heating LLC
Kojak Chiu Business type: Solicitor Address: 831 Coronado Center Drive, Suite 2209, Henderson Owner: Kojak Chiu
Jan Rowe
KS Cool LLC
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Business type: Food specialty store Address: 1201 Searles Ave., Las Vegas Owner: Kevin Stevenson Lalio LLC Business type: Clothing Address: 6308 Sereno Springs St., North Las Vegas Owner: Lalio LLC Las Vegas Larry’s Business type: General retail sales Address: 1717 S. Decatur Blvd., Suites G47, H48 and H49, Las Vegas Owner: Michael Seigel Las Vegas Voice and Piano Business type: Instruction services Address: Did not disclose, Las Vegas Owner: Marta Pistiner Menendez Latino Air LLC Business type: HVAC contractor Address: 1737 Del Mira St., Las Vegas Owner: Juan C. Vera Leftbank Art Business type: Art gallery/retail Address: 495 S. Grand Central Parkway, Suite 254, Las Vegas Owner: Outlook Resources Inc. Let There Be Light Electrical Services Business type: Electrical repairs Address: 6364 W. Sahara Ave., Las Vegas Owner: Brigido Valdez Lola Jewels Business type: General retail sales Address: 855 S. Grand Central Parkway, Kiosk 14A, Las Vegas Owner: Ta Accessories LLC M&J Partners In Grime Business type: Property maintenance Address: 1809 Allen Ave., Henderson Owner: Marcia Sobalvarro and Lujane Sobalvarro
BUILDING PERMITS $12,940,760, commercial - new 4660 Berg St., North Las Vegas Martin-Harris Construction LLC $2,300,000, office - medical 2450 W. Charleston Blvd., Las Vegas Affordable Concepts Inc. $1,999,940, commercial - remodel 10575 S. Eastern Ave., Henderson PV Eastern Commons LLC $1,489,591, casino/banquet hall 35 W. Owens Ave., Las Vegas LF Harris and Company Inc.
$1,000,000, office 430 S. Rampart Blvd., Suite 150, Las Vegas Christopher Homes Renovations $731,788, electrical 651 McKnight St., Las Vegas Bombard Electric LLC $700,000, casino/banquet hall 200 Fremont St., Las Vegas Austin General Contracting $482,190, pool and/or spa 4204 Topsider St., Las Vegas Anthony & Sylvan Pools Corporation $463,236, commercial - new 300 E. Gowan Road, North Las Vegas The Penta Building Group LLC $400,000, retail 555 S. Grand Central Parkway, Suite 3405, Las Vegas James M. Barb Construction Inc. $350,646, commercial 1366 W. Cheyenne Ave., North Las Vegas Burke Construction Group Inc. $317,174, residential 1111 Christian Road, Henderson Jeffrey Hague and Felicia Hague $279,222, wall/fence 397 Antelope Ridge Drive, Las Vegas Cedco Inc. $243,700, commercial - remodel 2300 Paseo Verde Parkway, Henderson Station GVR Acquistion LLC $236,823, single-family residential 11946 Girasole Ave., Las Vegas Toll South LV LLC $227,663, residential - new 6524 Claystone Creek Court, North Las Vegas Pardee Homes of Nevada $225,958, residential 1101 Dufort Hills Court, Henderson DR Horton Inc. $225,000 commercial - remodel 100 S. Green Valley Parkway, Henderson District Green Valley PH II LLC $223,125, solar 6236 Double Oak St., North Las Vegas Vision solar Contractor Inc. $222,289, single-family residential 356 Rellegra St., Las Vegas Toll South LV LLC $218,195, residential 391 Cactus River Court, Henderson
Bors Gleu $218,097, single-family residential 12105 Cabo Rojo Ave., Las Vegas Woodside Homes of Nevada LLC $214,757, residential 1084 Via Della Cosstrella, Henderson Greystone Nevada LLC $213,443, single-family residential 350 Rellegra St., Las Vegas Toll South LV LLC $206,897, residential - new 6508 Claystone Creek Court, North Las Vegas Pardee Homes of Nevada $205,197, residential - new 6516 Claystone Creek Court, North Las Vegas Pardee Homes of Nevada $195,388, single-family residential 9947 Coyote Echo Court, Las Vegas Woodside Homes of Nevada LLC $186,518, single-family residential 10735 Hammett Park Ave., Las Vegas Toll North LV LLC $184,137, residential - new 6512 Claystone Creek Court, North Las Vegas Pardee Homes of Nevada $184,137, residential - new 6517 Claystone Creek Court, North Las Vegas Pardee Homes of Nevada $179,768, residential 1100 Via Alloro, Henderson Greystone Nevada LLC $179,768, residential 1088 Via Della Constrella, Henderson Greystone Nevada LLC $179,768, residential 1089 Via Della Costrella, Henderson Greystone Nevada LLC $176,532, single-family residential 267 Castellari Drive, Las Vegas Woodside Homes of Nevada LLC $175,399, residential - new 4341 Shady River Ave. , North Las Vegas KB Home Nevada Inc. $175,399, residential - new 6204 Stratford Bay St., North Las Vegas KB Home Nevada Inc.
6/12/15 2:41 PM
20
YOUR BUSINESS-TO-BUSINESS NEWS
VEGAS INC
Send your business-related information to news@vegasinc.com
JUNE 14- JUNE 20
Records and Transactions $175,399, residential - new 4329 Shady River Ave., North Las Vegas KB Home Nevada Inc. $169,621, residential 3126 Istria Ave., Henderson KB Home Inspirada LLC $168,956, residential 3073 Venaria Ave., Henderson Pardee Homes of Nevada $167,751, single-family residential 279 Castellari Drive, Las Vegas Woodside Homes of Nevada LLC
Las Vegas Pardee Homes of Nevada $140,580, residential - new 6521 Claystone Creek Court, North Las Vegas Pardee Homes of Nevada $140,291, residential - new 6520 Claystone Creek Court, North Las Vegas Pardee Homes of Nevada $139,401, residential 3069 Venaria Ave., Henderson Pardee Homes of Nevada
$167,751, single-family residential 279 Castellari Drive, Las Vegas Woodside Homes of Nevada LLC
$134,909, residential 2513 Bankhurst St., Henderson Pardee Homes of Nevada
$161,659, commercial 6050 N. Decatur Blvd. , North Las Vegas Ellis Construction Company
$134,909, residential 2505 Bankhurst St., Henderson Pardee Homes of Nevada
$156,881, single-family residential 9950 Coyote Echo Court, Las Vegas Woodside Homes of Nevada LLC $153,058, single-family residential 9944 Coyoto Echo Court, Las Vegas Woodside Homes of Nevada LLC $149,881, residential 3217 Porto Vittoria Ave., Henderson Toll Henderson LLC $148,699, single-family residential 474 Port Reggio St., Las Vegas KB Home Nevada Inc. $146,944, single-family residential 12254 Argent Bay Ave., Las Vegas KB Home Nevada Inc. $143,005, residential 1125 Echo Pass St., Henderson KB Home LV Portola Hills LLC $142,950, residential 3122 Istria Ave., Henderson KB Home Inspirada LLC $141,657, single-family residential 9951 Coyote Echo Court, Las Vegas Woodside Homes of Nevada LLC $141,017, single-family residential 448 Trevinca St., Las Vegas Ryland Homes $140,924, single-family residential 201 Castellari Drive, Las Vegas Pulte Homes of Nevada $140,580, residential - new 6513 Claystone Creek Court, North
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$134,909, residential 2508 Bankhurst St., Henderson Pardee Homes of Nevada $134,798, residential 716 Gulf Pearl Drive, Henderson KB Home LV Pearl Creek LLC $132,996, single-family residential 10822 Faulkner Run Ave., Las Vegas Ryland Homes $132,796, single-family residential 139 Berneri Drive, Las Vegas Pulte Homes of Nevada $132,055, residential - new 3517 Starlight Ranch Ave., North Las Vegas J.F. Shea Co. Inc. $130,743, single-family residential 205 Castellari Drive, Las Vegas Pulte Homes of Nevada $129,640, single-family residential 7122 Orion Bands St., Las Vegas Ryland Homes $129,143, residential 1085 Via Della Costrella, Henderson Greystone Nevada LLC $128,644, residential 936 Miller Canyon Ave., Henderson Ryland Homes Nevada LLC $126,054, single-family residential 6687 Conquistador St., Las Vegas Ryland Homes $125,868, single-family residential 7619 Phoenix Peak St., Las Vegas Adaven Homes LLC
$125,868, single-family residential 7619 Phoenix Peak St., Las Vegas Adaven Homes LLC $125,705, residential 2509 Bankhurst St., Henderson Pardee Homes of Nevada $125,705, residential 2512 Bankhurst St., Henderson Pardee Homes of Nevada $125,705, residential 2504 Bankhurst St., Henderson Pardee Homes of Nevada $123,422, single-family residential 7634 Phoenix Peak St., Las Vegas Adaven Homes LLC $123,422, single-family residential 7626 Phoenix Peak St., Las Vegas Adaven Homes LLC $123,422, single-family residential 7627 Phoenix Peak St., Las Vegas Adaven Homes LLC $123,422, single-family residential 7615 Phoenix Peak St., Las Vegas Adaven Homes LLC $123,422, single-family residential 7611 Phoenix Peak St., Las Vegas Adaven Homes LLC $122,821, residential 245 Cadence View Way, Henderson Ryland Homes Nevada LLC $122,187, single-family residential 6717 Bristle Falls St., Las Vegas Ryland Homes $122,156, residential 940 Miller Canyon Ave., Henderson Ryland Homes Nevada LLC $121,934, residential 249 Cadence View Way, Henderson Ryland Homes Nevada LLC
Frank Iovino & Sons Masonry Inc. $118,437, single-family residential 263 Castellari Drive, Las Vegas Woodside Homes of Nevada LLC $118,437, single-family residential 273 Castellari Drive, Las Vegas Woodside Homes of Nevada LLC $117,276, residential 965 Harbor Ave., Henderson KB Home LV Pearl Creek LLC $117,055, residential - new 5641 Pleasant Palms St., North Las Vegas J.F. Shea Co. Inc. $116,927, single-family residential 143 Berneri Drive, Las Vegas Pulte Homes of Nevada $114,337, residential 1342 Quiet Fox Way, Henderson Ryland Homes Nevada LLC $114,337, residential 1336 Quiet Fox Way, Henderson Ryland Homes Nevada LLC $114,337, residential 1348 Quiet Fox Way, Henderson Ryland Homes Nevada LLC $114,228, single-family residential 7630 Phoenix Peak St., Las Vegas Adaven Homes LLC $114,228, single-family residential 7623 Phoenix Peak St., Las Vegas Adaven Homes LLC $110,567, residential 1346 Quiet Fox Way, Henderson Ryland Homes Nevada LLC $110,567, residential 1338 Quiet Fox Way, Henderson Ryland Homes Nevada LLC $110,290, residential 1344 Quiet Fox Way, Henderson Ryland Homes Nevada LLC $110,290, residential 1340 Quiet Fox Way, Henderson Ryland Homes Nevada LLC $108,959, single-family residential 7927 Blue Lake Peak St., Las Vegas Adaven Homes LLC
$106,774, single-family residential 7931 Blue Lake Peak St., Las Vegas Adaven Homes LLC $103,442, single-family residential 9029 Good Humored Court, Las Vegas Greystone Nevada LLC $102,527, residential 3136 Biccari Ave., Henderson KB Home Inspirada LLC $102,527, residential 722 Gulf Pearl Drive, Henderson KB Home LV Pearl Creek LLC $100,000, commercial 831 W. Bonanza Road, Las Vegas Tradewinds Construction $95,630, commercial - addition 4900 Engineers Way, North Las Vegas Thomas Reuters Golden Triangle Industrial Park $90,495, residential - new 3821 Citrus Heights Ave., North Las Vegas J.F. Shea Co. Inc. $87,610, wall/fence 831 W. Bonanza Road, Las Vegas Tradewinds Construction $86,391, residential 1097 Via Della Curia, Henderson Century Communities Nevada LLC
CONVENTIONS Western States Roofing Contractors Association 2015 Convention & Tradeshow Location: Paris Las Vegas Dates: June 14-17 Expected attendance: 4,000 International Quality & Productivity Center (IQPC) - 16th Annual Call Center Week Location: Mirage Dates: June 15-19 Expected attendance: 1,000 Amazing Las Vegas Comic Con - 2015 Location: South Point Dates: June 19-21 Expected attendance: 4,000
$120,015, commercial - remodel 10251 S. Eastern Ave., Henderson Siena II Holding LP
$108,959, single-family residential 7923 Blue Lake Peak St., Las Vegas Adaven Homes LLC
International Esthetics, Cosmetic and Spa Conference (IECS) - 2015 Location: Las Vegas Convention Center Dates: June 20-22 Expected attendance: 25,000
$119,130, wall/fence 7700 N. Fort Apache Road, Las Vegas
$108,865, single-family residential 6990 Ebbets Field St., Las Vegas Ryland Homes
To receive a complete copy of Data Plus every week in Excel, please visit vegasinc.com/subscribe.
6/12/15 2:41 PM
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22
YOUR BUSINESS-TO-BUSINESS NEWS
VEGAS INC
Send your business-related information to news@vegasinc.com
JUNE 14- JUNE 20
The List 1 2a 2b 4 5 6 7 8 9 10a 10b 12a 12b 14a 14b 14c
CATEGORY: ACCOUNTING FIRMS (RANKED BY NUMBER OF PROFESSIONAL STAFF AS OF APRIL 30) Year est.
Professional staff
CPAs
Services
Top executive
Deloitte & Touche LLP 3883 Howard Hughes Parkway, Suite 400 Las Vegas, NV 89169 702-893-3100 • deloitte.com
1968
160
71
Audit and Enterprise Risk Services (AERS), tax and consulting
Christopher Griffin, office managing partner
Ernst & Young LLP 3800 Howard Hughes Parkway, Suite 1450 Las Vegas, NV 89169 702-267-9000 • ey.com
2004
63
23
gaming, real estate, hospitality
Tom Roche, managing partner
McGladrey - Assurance, Tax and Consulting 300 S. Fourth St., Suite 1200 Las Vegas, NV 89101 702-759-4000 • mcgladrey.com
1953
63
31
tax preparation, auditing, business consulting
Bill Wells, office managing partner
Piercy, Bowler, Taylor & Kern 6100 Elton Ave., Suite 1000 Las Vegas, NV 89107 702-384-1120 • pbtk.com
1990
60
23
audit, tax, forensics
L. Ralph Piercy, president
L.L. Bradford & Company 8880 W. Sunset Road, 3rd Floor Las Vegas, NV 89148 702-735-5030 • llbradford.com
1992
57
17
audit, tax, consulting
Lance Bradford, managing partner
BDO 6671 Las Vegas Blvd. South, Suite 200 Las Vegas, NV 89119 702-784-0000 • bdo.com
2008
50
12
tax, audit, consulting
Bill Powell, managing assurance partner
PricewaterhouseCoopers LLP 3800 Howard Hughes Parkway, Suite 650 Las Vegas, NV 89169 702-691-5400 • pwc.com
1990
45
15
assurance, advisory, tax
Frederick Hipwell, office managing partner
Stewart, Archibald & Barney LLP 7881 W. Charleston Blvd., Suite 250 Las Vegas, NV 89117 702-579-7000 • sabcpa.com
1972
42
19
tax auditing, exit planning/value enhancement consulting
Robert Worthen, CEO
Ovist & Howard 7 Commerce Center Drive Henderson, NV 89014 702-456-1300 • ohcpas.net
1981
25
10
taxation, small business, homeowners
Francis Howard, managing partner
Bradshaw, Smith & Co. LLP 5851 W. Charleston Blvd. Las Vegas, NV 89146 702-878-9788 • bradshawsmith.com
1976
16
14
audit, tax, litigation support
Douglas Winters, managing partner
Wallace Neumann & Verville 8930 Spanish Ridge Ave. Las Vegas, NV 89148 702-387-0999 • wnvcpa.com
1990
16
9
real estate, health care, small and midsize businesses
Jason Neumann, partner
Eide Bailly LLP 8485 W. Sunset Road, Suite 204 Las Vegas, NV 89113 702-384-7717 • eidebailly.com
1972
12
6
accounting services, audit and assurance, cost segregation
Tamara Miramontes, lead partner
Kondler & Associates CPAs 6460 Medical Center St., Suite 230 Las Vegas, NV 89148 702-433-7075 • kondlercpa.com
1995
12
3
audits, tax return preparation, AICPA peer reviews
Ray Kondler, managing shareholder
Houldsworth, Russo & Co. 8675 S. Eastern Ave. Las Vegas, NV 89123 702-269-9992 • trusthrc.com
1996
11
7
audit, tax, bookkeeping
Dianna Russo, managing principal
JW Advisors 9139 W. Russell Road, Suite 200 Las Vegas, NV 89148 702-304-0405 • jwacpas.com
2015
11
8
business transitions/consulting, litigation support, tax and assurance
Kirk Jacobson, managing partner
Swarts & Swarts 10091 Park Run Drive, Suite 200 Las Vegas, NV 89145 702-312-8111 • swartscpas.com
1995
11
5
CPAs, business advisors and litigation support
George and Curtis Swarts, partners
Firm
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 lists, omissions sometimes occur. Please send corrections or additions on company letterhead to Pashtana Usufzy, researcher, VEGAS INC, 2360 Corporate Circle, Third Floor, Henderson, NV 89074.
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6/12/15 2:40 PM
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