v e g a s i n c . c o m | s e p t e m b e r 1 1 - s e p t e m b e r 1 7, 2 0 1 6
North Las Vegas Assistant City Manager Ryann Juden talks about the Faraday Future site Sept. 1. (L.E. Baskow/staff)
Grounds for industrial growth North Las Vegas’ Apex park has attracted some major tenants, and there’s a lot more potential to tap By Ric Anderson | Staff Writer
North Las Vegas Mayor John Lee says the sprawling Apex Industrial Park is poised to become the heart of Southern Nevada’s economic breadbasket, and a study by Brookings Mountain West suggests that’s not hyperbole. The nearly 20,000-acre site has the potential to support more than 100,000 direct, indirect and induced jobs, the study no rth l as vegas, Continued on page 14
800,000 7,000
Number of households that can be powered by Iowa’s new wind-energy plan. The Iowa Utilities Board approved a $3.6 billion wind-turbine operation to be ready by 2020. It will be the nation’s largest wind-energy project.
Number of back-office jobs Walmart is expected to cut in the coming months. The jobs will be automated and handled by a central office.
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SEPT. 11-SEPT. 17
CONTENTS GROUP PUBLISHER Gordon Prouty ASSOCIATE PUBLISHER Breen Nolan
NOTEWORTHY STORIES
06 08 20 Q&A WITH XAVIER WASIAK
The senior vice president of industrial real estate brokerage Jones Lang LaSalle talks about the importance of individuality in the industry, the rewards of his profession and the pitfalls of being a devotee of rock climbing. THE NOTES People on the Move, P4
MEET PERRY GUEST COS.
Jason Lesley and Bridget Richards are the Las Vegas principals for the Dallasbased real estate service and private equity firm that opened a Southern Nevada office in the 1990s. For them, retaining clients means being honest with them, even when the truth isn’t so rosy.
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, P19 The List: Commercial property owners, P22
TALKING POINTS Las Vegas office market primed for investment buyers, P9
EDITORIAL EDITOR Erin Ryan (erin.ryan@gmgvegas.com) 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, Daniel Rothberg, Cy Ryan, Ricardo TorresCortez, Jackie Valley, Ian Whitaker COPY DESK CHIEF John Taylor COPY EDITORS Jamie Gentner, Brian Sandford SPECIAL PUBLICATIONS EDITOR Craig Peterson RESEARCHER Clayt Keefer 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 Yasmina Chavez PHOTOGRAPHERS L.E. Baskow, Christopher DeVargas, Steve Marcus, Mikayla Whitmore
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, Kelly Gajewski, Chelsea Smith, Danielle Stone, Alex Teel GREENSPUN MEDIA GROUP SALES ASSISTANT Steph Poli
MARKETING & EVENTS 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 34 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 LAS VEGAS SUN ARCHIVES
VINTAGE VEGAS: A NOD TO CLASSIC VIDEO POKER MACHINES 3-D, game show, television, movie-themed slots and multigame video machines have taken over casino floors during the past decade. Rewind 30 years, and gaming machines making their debut were much more basic. Pictured here on Feb. 3, 1982, from left, are Howard Sheldon, sales director of
J&T Inc.; Kenney Epstein, co-owner of the Barbary Coast; and Dwayne Scott, service manager at J&T Inc., standing in front of the newly installed Hi/Lo and Showdown video poker machines at the Barbary Coast. The Barbary Coast was situated where the Cromwell now stands. — REBECCA CLIFFORD-CRUZ
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.
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commercial real estate quarterly: the notes
sept. 11-sept. 17
Send your business-related information to news@vegasinc.com
Multiple Berkshire Hathaway HomeServices teams and one individual real estate sales executive were recognized among the leading professionals in American real estate, according to Real Trends’ “The Thousand.” Real Trends, in conjunction with The Wall Street Journal, recently published “The Thousand” list of America’s top 1,000 real estate sales professionals and teams. Avi Dan-Goor was No. 21 on the “Individuals by Sides” list. Landing on the “Teams by Sides” list, which is ranked by number of transactions, were the Tonnesen Team, Shapiro & Sher Group, the Napoli Group, the Carver Team, the Brian Wedewer Team, the Mullin Group, Brown Blankfield Group, Gunning Team, Team Egbert and the Crampton Team. Landing on the “Teams by Volume” list, which is ranked by dollar amount, were Shapiro & Sher Group, the Tonnesen Team, the Napoli Group, the Mullin Group, the Carver Team, the Brian Wedewer Team and Brown Blankfield Group. Rob Schweizer is the general manager of Park Place Infiniti. Three Realtors — including the top agent for volume — and three agent teams at Coldwell Banker Premier Realty were named America’s most productive sales associates for 2015 as part of Real Trends America’s Best Real Estate Agents. No individual schweizer agent in Nevada sold more real estate than Diane Varney, who closed almost $65 million in transactions. Other Coldwell Banker honorees were Hanna Dam, No. 18 agent for transaction sides; Kameron Kildea, No. 25 for transaction sides; the Kiefer-Lester Team, No. 7 team for sales volume and No. 21 team for transaction sides; Kaori Guerra Team, No. 27 for transaction sides; and the Stan Hicks Team, No. 32 for transaction sides. Casey Floyd is vice president of integrated marketing at MassMedia. Dorian Stonebarger is program director after serving as program manager at Three Square Food Bank. Alice Gonzalez is benefit services outreach director. Maurice Johnson is the director of operations and Rob Santwer is the director of marketing and communications.
floyd
Las Vegas BikeFest, in partnership with performer and motorcycle enthusiast Branscombe Richmond, formed the Las Vegas Motorcycle Hall of Fame. The 2016 inductees are Keith Ball, Lorenzo Lamas, Evel Knievel and Robbie Knievel. Dr. Aaron Ritter is a neuropsychiatrist at the Cleveland Clinic Lou Ruvo Center for Brain Health. Ritter joins
the center after a two-year fellowship with the center’s neurology and neuropsychiatry programs and specializes in neurodegenerative disorders, including Alzheimer’s disease. Ritter will lead the center’s clinical trials program. Mike Yoder was promoted to CEO of WinTech. He co-founded the company in 2011 and served as chief technology officer. National Park Service Director Jonathan B. Jarvis presented the 2015 National Wildfire Coordinating Group Wildfire Emergency Medical yoder Service Award to the Grand Canyon Helitack Crew. The crew was recognized for consistently maintaining a high level of wildfire EMS support at the local, regional and national levels. During the 2015 wildfire season, the crew spent 149 days away from the station as the primary medical and short-haul helicopter for large wildfires. Latoya Bembry is the director of public relations for the Ferraro Group.
n President: Heidi Sterner, Leavitt Group Benefits Services n President-elect and treasurer: Jeremy Shugarman, All Kinds of Insurance n Immediate past president
and communications chair: Deborah Makiri, Las Vegas Metro Chamber of Commerce n Secretary: Tara Jacquet,
Branch Benefits Consultants n Awards chair: Vickie May-
The TMG Entertainment Network’s 14th annual Silver State Awards recognize excellence and achievement in Clark County. Included in the ceremony were honorary awards: Excellence in Journalism was presented to Paula bembry Francis, the Jim Rogers - Spirit of Education Award was presented to Bart Patterson, the Humanitarian Award was presented to Chet Buchanan and the Entertainment Pioneer Award was presented to Jeff Kutash. Other award recipients included KLAS – CBS 8, which won three awards, including Best Evening/ Mid-Day News Anchors (team) and Best Local Television Station (shared with KTNV – ABC 13), the Best Jeweler was presented to MJ Christensen, the Best Real Estate Agent went to Mahsheed Barghisavar, the Best Casino and Best Hotel Pool went to the Cosmopolitan. Favian Perez is the corporate support manager at Nevada Public Radio. He develops and implements sales strategies, and manages a staff of seven handling corporate support, including advertising sales, underwriting, sponsorships and special events for News 88.9 KNPR-FM Classical 89.7 KCNV-FM and Desert Companion magazine.
The Clark County Association of Health Underwriters, an organization of health insurance agents, brokers and professionals, installed its 2016-17 board of directors:
ville, Mayville Inc. n Communications vice
chair: Grace Taylor, Capstone Brokerage n HUPAC chair: Ken Garner, Distinctive Insurance n Legislative chair: Susan
Bauman, Amnet n Legislative vice chair:
Kirstine Sorenson, the MultiCare Group n Media relations chair:
Brian McEvilly, GLB Insurance Group of Nevada n Media relations vice chair:
T’Sharra Wright-Conner, Comprehensive Insurance Solutions n Medicare chair: Len Bar-
end, The Barend Agency n Membership chair: Jo Ann
Vernon, Freshbenies n Membership vice chair: perez
Panattoni Development Co. and Hillwood Investment Properties broke ground on an approximately 482,000-square-foot speculative warehouse distribution facility as Phase II of the 150 acre South 15 Airport Center in Henderson.
Jaime Welding, Balsiger Insurance n Professional development
chair – Lydia Boske Heater, Distinctive Insurance n Public service chair – Luis Maceira, Rogers Benefits
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VEGAS INC
commercial real estate quarterly: the interview
sept. 11-sept. 17
Send your business-related information to news@vegasinc.com
Q&A with Xavier Wasiak
After each peak you reach, keep climbing Xavier Wasiak, senior vice president for industrial real estate brokerage Jones Lang LaSalle, represents clients who are interested in warehousing, distribution, manufacturing and e-commerce, facilitating acquisitions, sales and leases. His specialty is industrial services, including selection and acquisition, and built-to-suit development, and he has executed transactions up to $24 million. A longtime Las Vegas resident, Wasiak graduated from UNLV with a degree in mechanical engineering. What is the best business advice you’ve ever received? The obvious is to not take anything personally. There’s too much rejection in this industry to take failures to heart; just get up and keep going. The not-so-obvious is that despite the fact that your clients will demand and deserve much from you, and also that they will replace you if you do not perform, they will appreciate an individual. So be true to yourself. Be more of yourself. That’s how you stand out. If you could change one thing about Southern Nevada, what would it be? Summers are hot! Touring property with clients and meetings in unfinished warehouses can leave you tired and drenched after a long, hot day. What has been your most exciting professional project? There are too many to tell. One of the best rewards of what my colleagues and I do is the number of talented, fascinating and exceptional people we get to do business with and learn from. Whether it is helping Bed Bath & Beyond build a 525,000-square-foot fulfillment center in North Las Vegas, Levi Strauss & Co. a new depot, or an innovative rising company get started in the Las Vegas Valley, we are continually challenged to push the limits of how we’ve done our job in the past. What more can you ask for?
Xavier Wasiak is an avid rock climber, which helps him stay fit so he can keep up with a toddler at home. (mikayla whitmore/staff)
With the help of the entire board of directors, I try to help keep our fiscal responsibilities up to date and in line with the goals of our association and local membership.
Never-ending road trip! Barring that, we’re happy right here. We have community, family and friends, and great opportunities for travel. What more could you ask for?
We’re lucky to be able to take advantage of all the variety downtown, and walk there. It’s hard to pick just one. Some personal favorites are the Stuffed Pig and Le Thai.
What are you reading? “Unbroken,” by Laura Hillenbrand. And anything about how to make 3-year-olds bend to your will.
Where do you see yourself and your company in 10 years? I love what I do. JLL will continue to dominate tenant representation in Southern Nevada and grow into more agency work. Our office is small compared with other markets we’re in and we plan to grow.
What do you do after work? Spend time with my awesome 3-year old son, Parker, his beautiful mom, and try hard to stay in shape so as to not get myself in trouble in the mountains pursuing my hobby of rock climbing.
What is your dream job, outside of your current field? I love to teach. My mother was a teacher and I always admired her for that. She never hesitated to remind us how incredible and wondrous this world is.
Whom do you admire? Conrad Anker. He’s a climber, mountaineer and adventurer with over four decades of experience. He’s as tough as nails and is still dreaming of high places. With tempered optimism and intense drive, he’s managed to be one of the most successful professional climbers, ever, across a variety of specialties. He continues to inspire and teach.
If you could change one thing about yourself, what would it be? Well, I took a pretty good fall climbing two years ago that left me staring at the tail end of my tibia poking out of my leg for about 30 minutes until I was taken to surgery. Yes, I think I’d like to change that. Otherwise, I’m good.
What do you do as secretarytreasurer for your SIOR chapter?
If you could live anywhere else in the world, where would it be?
What is your biggest pet peeve? Long, useless phone calls I can’t avoid. That, and mean people. There’s just no need. Where do you like to go for business lunches?
What is something that people might not know about you? Ever since I was a kid, I wanted a truck that was painted with zebra stripes. I have a 2002 Nissan Pathfinder with 190,000 miles on it that I use as my beater/adventure truck. I think this year it gets done.
from good to
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VEGAS INC
commercial real estate quarterly: get to know a local business
sept. 11-sept. 17
Send your business-related information to news@vegasinc.com
by the numbers
18
Number of months Nielsen under-reported YouTube ratings. The problem, which has been fixed, was not capturing data from newer browsers such as Chrome. The viewership numbers were under-reported between 5 and 45 percent.
150
Number of hours of commercials per year that children don’t see, due to online streaming services. According to research by “Exstreamist,” children between 2 and 18 spend an average of 1.8 hours a day using streaming services. And according to Nielsen, every hour of TV has over 14 minutes of advertising. Therefore, children avoid almost half an hour of commercials every day.
$449 million
Amount Uber has generated in the past two years from “safe rides” fees. The fee started at $1 per ride but has reached $2.50 per ride in some areas. In February, Uber agreed to pay a settlement for a classaction lawsuit regarding its advertised safety practices. However, a judge ruled the settlement was not enough considering the nearly $500 million Uber collected from these fees.
24.6%
Share of Nissan car sales that have dropped since last year. Fellow Japanese automakers Toyota and Honda also have seen declines in sales as gas prices drop and demand increases for bigger vehicles.
68,680,741
Number of Dropbox users whose account details were leaked from a 2012 hack. The passwords associated with these accounts are mostly still secure because they are hashed, meaning they appear as a random string of characters and symbols. This doesn’t mean they are 100 percent secure, and Dropbox is urging users to change their passwords.
Bridget Richards and Jason Lesley are principals at Perry Guest Cos., which has invested in, acquired, sold, leased, managed and developed properties since 1970. (STEVE MARCUS/staff)
Client relationships depend on honesty Describe your business. Perry Guest Cos. is a fully integrated real estate services and private equity firm. Who are your customers? Tenants, landlords, buyers, sellers, developers, and real estate investors.
Perry Guest Cos.
Las Vegas’ real estate market was thrashed by the recession. Do you think we’re experiencing a comeback? A tempered comeback. Our market has come a really long way since the bottom. As the Las Vegas demand fundamentals continue to grow, we see more demand starting to surface in the form of job and wage growth. Nevada ranks outside the top 10 in the nation for job growth from the end of the Great Recession to 2015, with construction seeing the biggest improvement. The industry is nowhere close to where it was before the economic crisis and a lot of that job growth is short term. Looking forward to 2017, potential growth appears to be dominated by transportation, construction, health care, public, government and education jobs. The local economy is more dependent on the hospitality sector than it used to be, not the result needed for economic growth and more of a reason for our economy to diversify.
Address: 1127 South Rancho Drive, Las Vegas Phone: 702-499-4661 and 702-290-8838 Email: jason@perryguestco.com and bridget@perryguestco.com Website: perryguestco.com Hours and days of operation: 24/7 Owned/operated by: Jason Lesley, CCIM, and Bridget Richards, CCIM In business since: 1970
What is your business philosophy? We’ve established a culture that encourages a team approach to finding solutions for our clients while maximizing value. The vision for Perry Guest is one of character, depth, handshake deals, the return of earnest money if called for, a non-negotiable code of honor, respect for history, traditional values, old charm mixed with up-tothe-minute technology and nimbleness that comes with a small firm. We tend to focus on the people in the deal, not just the real estate itself. Loyalty to our clients is the key to the whole thing. What is the most important part of your job? Client relations and retention. Our relationships have forged our business. The second-most-important part of the business is direct communication. We are never afraid to tell a client no. We do not take on listings or assignments that do not meet our underwriting guidelines. Too many times we see customers and clients take a property to market when it was not the right time or the right fit. This circles back to client retention; without honesty, there is no relationship. Without honesty, there is no client or potential revenue stream.
How can Nevada improve its business climate? We need to incentivize companies from throughout the country to move to the Las Vegas Valley. New York and Texas continue to attract businesses because they give them real, tangible assets, not just tax breaks. If we do not start bringing on more economic lines of business, we are going to continue to be dependent on hospitality more than ever. In order to incentivize, we need to improve our schools and community. If the people who live in Las Vegas are not willing to improve, how can we expect any new company to buy in?
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 Daniel Rothberg’s lasvegassun. com story “Federal officials rescind $5 billion contract for Nevada National Security Site”: If you don’t believe in the concept of the military industrial complex, follow the subsidiary — Boeing, Lockheed, Northrup, DynCorp, Motorola and a few others. They win the bid, farm it out to a contractor for less money and keep the balance. That’s our tax money. — Testigo_Tortuga On Ian Whitaker’s lasvegassun.com story “$750M for a stadium? Here’s how that could aid education”: School choice is the answer to quality education, not throwing money at the teachers union. True competition makes all schools better, including public schools. — BobRasmussen These funds would only go to creating more $100,000-ayear admin positions. How about giving teachers a decent wage and insurance so we would not have mass vacancies every year? — itzreality On Cy Ryan’s lasvegassun.com story “Las Vegas woman who was stabbed can continue suit against match.com”: If match.com knew of prior attacks with women, it should have banned him from site. — Moonfireangel
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sept. 11-sept. 17
LV office market primed for investment buyers
O
guest column: Class A buildings and large portfolios have ver the past two years, SouthRyan Martin gone to market, including the Summerlin ern Nevada has posted strong portfolio and the master-planned office commercial real estate growth, project in Henderson developed by Ameriand investors have responded can Nevada Company. As these investment by buying industrial and retail properties at properties become available, private investors with a longan ever-increasing rate. The industrial market has shown exterm real estate investment strategy will reap the benefits. traordinary growth and the retail market has recovered from the Great Recession, but investors seem not to have noticed n Money and finance: While Southern Nevada’s office that Southern Nevada’s office market has posted three solid market is in much better shape than it was a few years ago, years of occupancy growth, as well. We think this means office there still are office assets in the market that have loans properties are set to see the next surge in sales for five reasons. coming due in the near future. These loans will force dispositions within the market, and the Federal Reserve’s hinting at n Replacement costs: Office properties can still be increasing interest rates in 2017 will exacerbate this. Buyers purchased at below-replacement costs, meaning you can buy who track the commercial mortgage-backed securities loan an office property for less than it would cost to build it. Land pool and who leverage their relationships within Southern prices have reached a post-recession high, and with limited Nevada will find those bargain deals. large land assemblages available to developers, both the appetite and capacity to construct new office product are low. n Local growth: A decade after the Great Recession, This makes the existing office product a better investment. Southern Nevada has added thousands of jobs and seen a renaissance on the Strip, with resort operators adding arenas, n Low barriers to entry: Southern Nevada is a secondconcert venues and new hospitality concepts. In addition, tier office market. Tier One markets such as New York, Los Nevada continues to attract companies and employees from Angeles and San Francisco have higher rental rates, lower California. That means that ancillary services, including cap rates and a pool of more institutional and sophisticated those that occupy office space, will continue to grow. With buyers, creating opportunities for those who are willing to significant economic benefits for small business in Southern bet on Las Vegas’ continued growth. Nevada, a long-term office investor can be the beneficiary of n Local opportunity: In years past, local developers were job growth that is exceeding the national average. unwilling to sell due to a variety of complications, such as beRyan Martin is senior vice president of Colliers Internaing publicly traded entities, conservative strategies, money tional — Las Vegas. partners or corporate considerations. Lately, though, some
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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VEGAS INC
your Business-to-business news
sept. 11-sept. 17
Send your business-related information to news@vegasinc.com
$750M for a stadium? Here’s how that could aid education By ian whitaker Staff Writer
Debates about building stadiums in Las Vegas are nothing new, but the proposal to construct a domed one near the Strip with $750 million in public money is unprecedented. The proposal, put forth by the Oakland Raiders and Las Vegas Sands Corp., calls for that money to be raised through an increase in the room tax levied on guests of Las Vegas hotels. “It’s a win-win situation for everyone, in our view,” said Sands owner Sheldon Adelson’s right-hand man, Andy Abboud, in a KNPR interview. Adelson personally offered $650 million, while Raiders owner Mark Davis promised $500 million toward the $1.9 billion project. But $750 million isn’t much less than the $1.1 billion tax increase the Legislature enacted last session, much of which went to education. It was a feat that took years of poor academic performance and a lot of political capital to accomplish, yet it could be less than
a year between the initial proposal of the stadium in January and lawmakers holding a special session to vote on the scope of public support, possibly later this fall (with the aim of then getting approval to move forward from NFL owners at their January 2017 meeting). This has prompted many to wonder: Why all the rush for a stadium but not for education? “To me, it’s an issue of priorities,” said Sylvia Lazos, UNLV law professor and a longtime public school advocate. “I’m disappointed that we’re willing to do that first before we invest in kids.” If given to the Clark County School District, $750 million would amount to an extra $2,300 for every public school student. Here are a few other things it could fund: n Hiring 7,500 teachers with full benefits: Hundreds of full-time teacher positions go unfilled each year in Nevada, forcing school districts to hire often-underprepared long-term substitutes to fill the void. With $750 mil-
lion, 750 new teachers could be hired every year for a decade (assuming the combined individual salary and benefits didn’t exceed the current max of $100,000). The teacher shortage was about 900 empty positions at its height. n Repairing all broken school equipment, with enough extra to build at least six schools: Overcrowding and aging infrastructure have ravaged public schools in Clark County. In some parts of the valley, kids can go through entire grades in cramped portable classrooms. In the inner city, the oldest schools struggle every day with basic infrastructure, such as broken air conditioners. Repairing every piece of equipment in CCSD marked for replacement would cost about $550 million, leaving enough money to build six elementary schools to ease overcrowding (the most expensive new schools cost about $30 million). The remaining $15 million could be spent on other essentials (or maybe nine $5 servings of ice cream for all 320,000 kids in the district).
n Keeping Gov. Brian Sandoval’s key reforms in place at least three more years: Last year’s legislative session was crucial for K-12 education in Nevada. Among a host of other initiatives, Sandoval put more than $250 million toward specialized elementarylevel programs, so $750 million would pay for the continuation of those essentials — such as full-day kindergarten — for at least another three years. Or, it could create 250,000 more Teach Nevada scholarships (up to $3,000 per semester) supporting students studying to become teachers. n Giving $500 to every teacher every year for 83 years to spend on their classrooms: It’s a given that teachers buy materials for their classrooms — markers, paper, posters, books, binders, erasers and other fundamentals, which many argue should be covered by the state. One teacher at Ruby Thomas Elementary said new teachers may spend as much as $700, and an informal Facebook poll of CCSD teachers yielded numbers between $100 a year to $1,500.
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Dissolution leaves fate of water company, arsenic issue in limbo Staff Writer
On the day Shoshone Estates Water Co. dissolved in mid-July, the rural water utility sent out an ambiguous letter to its roughly 80 customers. Its board of directors wrote: “We are sorry that we do not know the fate of your water system. But please know that every alternative has been exhausted.” The board’s rare move to walk away from the Round Mountain nonprofit on July 15, after struggling to fulfill environmental mandates without raising rates, was swift. State agencies stepped in later that day, tapping into emergency funds to keep water flowing while regulators consider a long-term solution. As the Public Utilities Commission of Nevada considers asking a court to put the Round Mountain utility into receivership, its future remains uncertain, highlighting the difficulties of managing small water systems within the purview of tight regulations at the state and federal levels. “I don’t know (the future),” Ann Berg, a former Shoshone Estates director who relies on the system for her small business, said when asked to speculate on the fate of the water company. “I wish I did.” Shoshone Estates, a nonprofit cooperative, dissolved after the board exhausted several options to secure the funds necessary to bring arsenic levels in drinking water into compliance with federal standards, Berg said. Arsenic occurs naturally in groundwater that supplies the system. The system, out of compliance for years, was also facing an Aug. 1 deadline with state regulators. Although regulators for the utilities commission applauded the volunteer board of directors for leaving the system in a position to continue operating, they were concerned about the risks poised by dissolution. “If a pipe breaks, if a pump fails, or if any water-related operational expense occurs, at this time (the utilities commission) is unsure how any repairs would be financed in order to keep the water flowing and provide reliable water service,” staff for the utilities commission wrote in an August regulatory filing. “Further, the Shoshone Estates system still has outstanding arsenic issues which must be addressed.” The three-member utilities commission will consider whether to seek a court-appointed receiver to oversee the company’s management and operations, while guiding it toward a resolution with its arsenic issues. Should the commission sign off on the receivership action, staff counsel Tammy Cordova said the court would appoint a receiver to temporarily
run the utility. There are small water utilities throughout the state, and regulatory staff for the commission said many threatened dissolution but few followed through. Bankruptcy is more common. Compliance issues have plagued Shoshone Estates for years. Before
members of the board assumed their positions in 2010, a private owner ran into similar issues. The arsenic levels had become a problem for the system in 2001 when the Environmental Protection Agency adopted stricter rules for drinking water. The EPA replaced a standard of 50 parts per billion with a standard of 10
parts per billion. Since the arsenic level in Shoshone Estates’ supply was over 25 parts per billion, the system was forced to rein in the presence of the chemical, which over many years can cause health problems, including skin damage and an increase in cancer risk. But the operators had a problem: how to fund the cost of compliance.
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nort h l as vegas, from page 1
Slimmer bureaucracy helped attract Faraday said, because of factors including the park’s proximity to Interstate 15 and rail lines, as well as its suitability for a huge array of businesses. Today the site remains mostly empty, but the potential is beginning to be tapped. Faraday Future, the Chinese electric-car manufacturer that chose North Las Vegas for its $1 billion, 3 million-square-foot production plant, has begun work on its site at Apex. And in May, Hyperloop One made international news with a successful test of its pneumatic-tube transportation technology at its facility in the park. A retention pond glistens in the sun as foundation work continues at the Faraday Meanwhile, city and regional of- Future site in North Las Vegas. (L.E. Baskow/staff) ficials have continued to work on inating at the park today? it absolutely has generated a ton of infrastructure upgrades. Those efforts There are about a dozen businessterest. In fact, the mayor and the city led to a recent breakthrough in which es operating out of Apex right now, manager just returned from a trip to the Southern Nevada Water Authorand they range from light logistics to China, where they had several meetity board unanimously agreed to turn now Faraday bringing a manufacturings with five businesses interested over maintenance and operation of ing component out there. Currently in locating here. One of them came the park’s water system to North Las where we’re at in the process is that to town for several meetings. These Vegas, which city officials said would infrastructure is being designed by businesses are in the manufacturing help speed up development by reducthe SNWA for water, wastewater segment, which is an exciting area ing a layer of governmental approvals. treatment is being designed by North for us to be diversifying our economy. Next, officials will work toward getLas Vegas, the Regional TransportaWe’re the only region of 2 million peoting legislative approval for the deal. tion Commission is designing rail and ple in the country that didn’t have a So what’s on the horizon for Apex? the Nevada Department of Transporlarge-scale industrial park that is sepRyann Juden, North Las Vegas assistation is doing a flyover on the roads arated from the population and can tant city manager, recently spent an out there (connecting Interstate 93 to support heavy industrial and manuhour with VEGAS INC discussing the the Faraday site). So with all of that, facturing uses. And that key thing is past, present and future of the powerwhat’s exciting is it opens up thouwhat we have now out at Apex. In fact, house of industrial development. sands of acres for development. there are other cities that have these There was a study by the Las Vegas assets, but they’re full. They’d love What’s the status of the FaraGlobal Economic Alliance that said at to have thousands and thousands of day Future project, and what the time — and this was done in 2015 acres of industrial dirt. will be the next steps? — in the previous 12 months, there They’re mass grading now. There’s have been 122 businesses representHow significant was the deal about 60 pieces of heavy equiping over 18,000 jobs expressing interthat gave North Las Vegas sole ment out there that are moving dirt est in Southern Nevada, but they had control over water to the park? around, preparing everything for the to look elsewhere because there was What do you see as some of the foundation. Permitting on Faraday’s not suitable industrial land for develpotential benefits? slab is moving forward. Very quickly, opment. That is a problem that’s beIt ensures that all of the efforts we things are coming together out there. ing solved right now out at Apex, and made in North Las Vegas to make it Faraday has submitted plans for the no longer will these companies have a one-stop shop for developers stay layout of its building, and after that, to look elsewhere. there. The unintended consequence there are really no next steps; it’s just of that bill was that we were no longer the natural progression of working The city has taken steps to able to do the water permitting. That through inspectors to construct the streamline permitting processprocess took away a lot of the streambuilding. es at Apex and elsewhere. Can lining we did, because we had to say, you elaborate on those steps? “Well, you’ll have to go to that other Has the publicity surrounding The mayor likes to talk about it entity to get a lot of your water stuff Faraday and the Hyperloop like the Truman White House. When done, and then come back to us.” You project helped generate more Harry Truman became president, it really want to be able to have a strong contacts from businesses interwas determined that the White House one-stop shop where you can really ested in the park? was crumbling from the inside. And a control the timeline on development, There is a large Faraday effect. lot of people don’t realize this, but because that’s what makes us so comTesla put the state on the map (with the White House was propped up and petitive (in attracting businesses). its massive battery factory under congutted. struction near Reno), and Faraday We did a complete overhaul of opHow many businesses are operput Southern Nevada on the map. So
erations in North Las Vegas. One of the comments that Tesla made was that Nevada was a place where you could get things done. But the reality was that Nevada wasn’t necessarily the place where you could get things done; Storey County was. So we decided we should create the kind of efficiencies you could have in Storey County (which has a population around 4,000), because (the government) is three county commissioners. It wasn’t nearly the layers of bureaucracy you get down here. It’s very small, very nimble, very quick. We had some processes that would take four to six months, and in North Las Vegas that would take nine months. Now, you can do them in two or three hours. We had processes that would take six weeks, and now you can do them over the counter. The decisions can be made by staff in those cases; they don’t have to move through the city (structure) anymore. We’ve advertised that, and that’s basically how we found Hyperloop. Because Hyperloop’s first question to us was, “Can you really get business done that fast?” So that was a major attraction for them. They’re a company that’s founded through a series of private-sector investments, and because of that, their timelines mean something to them. So their timeline for doing their open-air testing and their (development) loop were very time-sensitive. We were able to deliver on their timeframes. Looking five years out, how do you see the park taking shape? I think you’re going to have tens of thousands of employees out there, which is going to make us need to have very serious conversations where we put our valuable dollars in transportation. We’re going to need some kind of commuter train that goes out there. The reality is that you have to consider what’s going on at Apex when you’re making long-term decisions about transportation assets in Southern Nevada. You cannot look any longer about just what’s best for the taxicab industry on the Strip. So what you’ll see out there is enterprise that transforms the way we think in Southern Nevada. Southern California and Phoenix don’t have a comparable asset, and it puts us at a huge advantage for growth.
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Living in Southern Nevada is about more than taxes
S
ometime in the first few years of moving to Las Vegas, we’re all confronted with the lure of what we left behind: the ocean, the green, etc. There is an adjustment period, and sometimes a culture shock. Whether it’s the East Coast, Southern California or anywhere else, there comes a period in the life of those who live here in which the idea of living somewhere else enters their mind. I have had the opportunity to work with many of the wealthier people in Las Vegas as they transition into or out of the area. And what I’ve found is that there is a mental dance that happens that looks like this: “Las Vegas Guest column is different,” “I hope it can ivan sher work for us,” “I think I can get this to work,” “I miss home,” “It’s time to leave.” I watch all of this play out in real time. But nearly every time I help transplants move out of Las Vegas or Henderson, they either move back within a few years or say they would if they still had the option of doing so.
“It’s easy to say people only move to Las Vegas or Henderson for the great weather, the Strip, no state income tax and less traffic than what they are used to. It’s also pretty much true. People move here for the perks, but what I’ve found is the reason they stay or choose to come back is because our community makes this big city feel like a small town.” From these observations, I can draw either of two equally likely conclusions: n My clients miss me and want to come back to me (probably not). n Something about Las Vegas consistently brings people back. It’s easy to say people only move to Las Vegas or Henderson for the great weather, the Strip, no state income tax and less traffic than what they are used to. It’s also pretty much true. People move here for the perks, but what I’ve found is the reason they stay or choose to come back is because our community makes this big city feel like a small town. As many readers may know, this summer I lost my partner, Florence Shapiro — my mentor, a staple of our community, and a dear friend. Watching the city come together, both to mourn the loss of an
incredible woman and to console those of us who loved her, genuinely affected me and represented our community in a beautiful way. A key part of what holds this city together is a strong philanthropic pull. There are wonderful organizations doing something to help those who need it. Whether it’s Opportunity Village, The Shade Tree, Nathan Adelson Hospice or Cleveland Clinic Lou Ruvo Center for Brain Health, there are truly selfless groups of people with a passion and a cause. In 16 years of living in this city, my wife and I have definitely gone through the “should I stay” mental dance. But like so many others, I found that Las Vegas and Henderson are as family-friendly as you make them, just like any other city. Neighborhoods near schools, churches and temples are great for raising children, and there is no community I would rather have had my children be a part of than ours. The true irony is that when people leave Las Vegas to find community, community is what ends up bringing them back. Ivan Sher is managing partner of Shapiro & Sher Group, Nevada’s top-selling luxury real estate team with $242 million sold in 2015. In July, Shapiro & Sher Group listed the most expensive home on the market in Southern Nevada at $30 million. For more information, visit www.lasvegasfinehomes.com.
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UNIVERSITY OF NEVADA, LAS VEGAS
sept. 11-sept. 17
Calendar of events TUESDAY, SEPTEMBER 13
THURSDAY, SEPTEMBER 15
Networking breakfast Time: 7-9 a.m. Cost: $30 for Henderson Chamber members; $50 for nonmembers; $10 additional for walk-ins Location: Revere Golf Club, 2600 Hampton Road, Henderson Information: Call 702-565-8951 Oren Young, general manager at Mars Inc., will discuss investment plans for Ethel M Chocolates and the need for promotions and partnerships with Henderson attractions.
Roadmap to Success Time: 7:30-9:30 p.m. Cost: Free for Henderson Chamber members; $25 for nonmembers; $10 additional for walk-ins Location: Henderson Business Resource Center, 112 S. Water St., Henderson Information: Call 702-209-3967 Learn about the pitfalls of human capital management, the advantages of co-employment and access to economies of scale.
Society for Marketing Professional Services annual public works roundtable Time: 11:30 a.m.-1 p.m. Cost: $35 for SMPS members; $75 for nonmembers Location: Lawry’s the Prime Rib, 4043 Howard Hughes Parkway, Las Vegas Information: Visit smpslasvegas.com Representatives include a Las Vegas city engineer, a Henderson city architect and the director of engineering at the Regional Transportation Commission of Southern Nevada.
Las Vegas Sales & Management Career Fair Time: 9 a.m.-12:30 p.m. Cost: Free Location: Suncoast, 9090 Alta Drive, Las Vegas Information: Visit eventbrite.com This career fair will focus on employment for sales, retail and management positions.
Biz 2 Biz networking event Time: 5 p.m. Cost: Free Location: Davidoff of Geneva Cigar Bar, 3200 Las Vegas Blvd. South, Suite 1245, Las Vegas Information: Email andrew@davidoffbar.com Expand your professional network and discover career opportunities. Real Meal Meetup Time: 11:30 a.m.-1 p.m. Cost: Free Location: Violette’s Vegan Organic Eatery, 8560 W. Desert Inn Road, Las Vegas Information: Visit eventbrite.com Cultivate business partnerships within the organic and whole-foods community.
UNLV’s annual series featuring nationally and internationally known guest lecturers
Captain Scott Kelly
Vegas Young Professionals Fusion mixer Time: 6-8 p.m. Cost: $10-$15 for VYP members; $15-$20 for nonmembers Location: Salute Trattoria Italiana, Red Rock Resort, 11011 W. Charleston Blvd., Las Vegas Information: Call 702-586-3843 Network with VYP members. Join for free at vegasyp.com.
SATURDAY, SEPTEMBER 17 How to Write a Successful Business Plan Time: 9 a.m.-11:30 a.m. Cost: $30 Location: Urban Chamber of Commerce, 1951 Stella Lake St., Sutie 30, Las Vegas Information: Call 702-388-6104 SCORE Las Vegas presents this seminar that will provide tools to develop a detailed action plan for your business.
Conventions Show, Location, Dates, expected attendance
n SANS Institute — Network Security 2016, Caesars Palace, Sept. 11-18, 1,200 n American Society for Clinical Pathology annual meeting, Mandalay Bay, Sept. 11-17, 1,500 n Solar Energy Trade Show, Las Vegas Convention Center, Sept. 13-15, 15,000 n ISPA Conference and Expo, Venetian, Sept. 13-15, 5,000 n Electronic Retailing Association D2C Convention, Wynn Las Vegas, Sept. 13-15, 3,000 n Specialty Graphics Annual National Convention, Las Vegas Convention Center, Sept. 14-16, 23,000
History-Making U.S. Astronaut Wednesday, September 21, 2016 7:30 p.m. Artemus W. Ham Concert Hall The public is invited to this FREE annual series. Admission is by ticket only on a first-come, first-served basis. Tickets are limited to two (2) per customer. Tickets ONLY available at the UNLV Performing Arts Center Box Office: Saturday, 10 a.m.–4 p.m.; Monday-Friday, 10 a.m.–6 p.m. For information, call (702) 895-ARTS, but tickets cannot be reserved by phone. UNLV faculty, staff and students may obtain tickets beginning at 10 a.m., Wednesday, September 7, 2016. The general public may obtain tickets beginning at 10 a.m., Saturday, September 10, 2016.
THE EDWARD BARRICK Endowment Fund was established at UNLV in 1980 and makes possible the Lecture Series and the Barrick Graduate Fellowships, Barrick Faculty Development and Travel Fund, and the Barrick Research Scholars Fund. AA/EEO
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the data Send your business-related information to news@vegasinc.com
Records and Transactions BANKRUPTCIES CHAPTER 7 Domingo One LLC 212 Fogg St. Las Vegas, NV 89110 Attorney: Marilyn A. Caston at mckinneylaw3@gmail.com
Commerial Real Estate Tenant: Desert State Day Treatment Center Tenant agent: Key Realty
Sunlight Properties LLC 11008 Desert Dove Ave. Las Vegas, NV 89144 Attorney: James D. Greene at jgreene@greeneinfusolaw.com
$159,188 for 3,419 square feet, office 8072 W. Sahara Ave., Suites D-F, Las Vegas 89117 Landlord: Sahara Plaza Landlord agent: Cassie CataniaHsu, Jodi Gilbert and Dylan Weber of Sun Commercial Real Estate Tenant: Stillpoint Center for Spiritual Development Tenant agent: Kevin Buckely
Bid Opportunities
BUSINESS LICENSES
SEPTEMBER 23
Xpress DMV Services License type: Mobile DMV registration Address: 79 Westheimer Road, Henderson Owner: Jorge M. Rosal
CHAPTER 11
2:15 p.m. Las Vegas Boulevard from St. Rose Parkway to Silverado Ranch Boulevard Clark County, 604083 Tom Boldt at tboldt@clarkcountynv.gov
Brokered transactions SALES $155,000 for 0.54 acres, land 7000 W. Post Road, Las Vegas 89113 Landlord: Post Road Land 8 Landlord agent: Cathy Jones, Paul Miachika, Roy Fritz, Jessica Cegavske and David Livingston of Sun Commercial Real Estate Tenant: Hengband Expo Tenant agent: Caroline Lee of PMI Realty
LEASES $308,000 for 2,302 square feet, retail, for 64 months 9420 W. Sahara Ave., Suite 102, Las Vegas 89117 Landlord: G&I VIII Village Square LLC Landlord agent: Liz Clare, CCIM, and Jackie Young of Avison Young Tenant: Artsy Nannies Tenant agent: None $316,725 for 6,049 square feet, office 8845 W. Flamingo Road, Suite 210, Las Vegas 89147 Landlord: 8845 Flamingo Associates Landlord agent: Cassie CataniaHsu and Linda Gonzales of Sun Commercial Real Estate Tenant: Lark Management Tenant agent: Vegas Group Realty $186,803 for 3,318 square feet, office 8515 Edna Ave., Suite 110, Las Vegas 89117 Landlord: Edna Enterprises Landlord agent: Cassie CataniaHsu and Linda Gonzales of Sun
Yard Masters of America License type: Contractor Address: 375 Pirate Ave., Logandale Owner: Quintin Durham Ying Luo License type: Travel and ticket agency Address: 607 S. Decatur Blvd., Las Vegas Owner: Ying Luo Yorgho Triantaphyllou License type: Real estate sales Address: 7251 W. Lake Mead Blvd., Suite 300, Las Vegas Owner: Yorgho Triantaphyllou Zs Enterprises License type: General retail sales Address: 425 Fremont St., Las Vegas Owner: Yitzchak Kravetz A Wireless License type: General retail sales Address: 7175 W. Lake Mead Blvd., Suite 114, Las Vegas Owner: ABC Phones of North Carolina AB Quicksilver Court Services License type: Civil process service Address: 1489 W. Warm Springs Road, Suite 110, Henderson Owner: AB Quicksilver Court Services
Airgas Dry Ice License type: General retail sales Address: 2620 Highland Drive, Las Vegas Owner: Airgas Carbonic
Bluefin Aquatics License type: Gross revenue Address: 1165 Sandy Ridge Ave., Henderson Owner: Robert Hommel
Alese Morrow License type: Real estate sales Address: 1215 S. Fort Apache Road, Suite 210, Las Vegas Owner: Alese Morrow
Blue Sky Travel License type: Travel agency Address: 26 Via Vasari, Suite 104, Henderson Owner: Luke Fincham
Allcare Foot & Ankle Clinic License type: Professional services - medical Address: 2380 N. Buffalo Drive, Suite 120, Las Vegas Owner: Allcare Foot and Ankle Clinic By Eunah Hong
Boost Development License type: Management or consulting service Address: Did not disclose Owner: Debbie Rinaldi
Alta Care Hospice and Palliative Care License type: Residential home care provider Address: 3305 Spring Mountain Road, Las Vegas Owner: Erica Estacio Always Covered Consulting License type: Consulting Address: 1743 Saddleback Court, Henderson Owner: Always Covered Consulting Amy Turner License type: Social work, behavioral therapy business Address: 184 Azalea Springs Ave., Henderson Owner: Amy Turner Angeles Fabrizio License type: Instruction Services Address: Did not disclose, Las Vegas Owner: Angeles Fabrizio Aquarius Landscape & Sprinkler License type: Contractor Address: 1070 W. Horizon Ridge Parkway, Suite 200, Henderson Owner: Aquarius Landscape & Sprinkler Ashley Long License type: General retail sales Address: Did not disclose Owner: Ashley Long and Jeffery Long Austin Sherwood License type: Real estate sales Address: 1215 S. Fort Apache Road, Suite 210, Las Vegas Owner: Austin Sherwood
Abiding Home Care Services License type: Residential home care provider Address: 1951 Stella Lake St., Suite 36, Las Vegas Owner: Ed Brown
Bella Solara License type: Apartment house Address: 7101 Smoke Ranch Road, Las Vegas Owner: 7101 Smoke Ranch Road Apartments
ACG Design License type: Architectural firm Address: 7730 Mustang St., Las Vegas Owner: Architectural Civil Group
Best Little Hairhouse in Vegas License type: General retail sales Address: 450 S. Buffalo Drive, Suite 105, Las Vegas Owner: Jennifer Bonura
Borun America License type: General retail sales Address: 4500 W. Charleston Blvd., Las Vegas Owner: Carley Cheng Inc. Brand Nutrition License type: Warehouse/storage facility Address: 2645 W. Cheyenne Ave., North Las Vegas Owner: Brand Nutrition
BUILDING PERMITS $4,347,102, commercial - new 5835 E. Ann Road, North Las Vegas TWC Construction $4,185,120, tenant improvement 1551 Hillshire Drive, Las Vegas Nevada General Construction $3,200,000, tenant improvement 12 E. Ogden Ave., Las Vegas Logic
$265,745, commercial 480 W. Bonanza Road, Las Vegas Bombard Electric $254,405, residential - production 1141 Sparta Crest St., Henderson Greystone Nevada $229,563, residential - production 1547 Point Vista Ave., Henderson Greystone Nevada $218,307, residential - production 1136 Apollo Gardens St., Henderson Greystone Nevada $214,758, residential - production x3 245, 248 and 249 Punto Di Vista, Henderson Greystone Nevada $194,186, single-family dwelling 5527 Bruin Lakes Ave., Las Vegas Richmond American Homes of Nevada $192,301, residential - production 1550 Point Vista Ave., Henderson Greystone Nevada $183,096, residential - production 1548 Point Vista Ave., Henderson Greystone Nevada $179,693, single-family dwelling 8811 Pauley Hills St., Las Vegas Richmond American Homes of Nevada $176,485, single-family dwelling Tract 9722 Yellow Shadow Ave., Las Vegas Richmond American Homes of Nevada
$2,691,360, commercial - addition 4490 Nexus Way, North Las Vegas Martin-Harris Construction
$174,645, commercial - remodel 121 Corporate Park Drive, Henderson CP 121
$1,000,000, residential - custom 667 Palisade Rim Drive, Henderson Five Star Properties Collection
$169,622, residential - production 728 Bollons Island St., Henderson KB Home LV Pearl Creek
$900,000, tenant improvement 221 N. Rampart Blvd., Las Vegas PJ Becker & Sons Construction
$161,914, residential - production 136 Fulgora St., Henderson KB Home Nevada
$487,000, sign 1701 Bearden Drive, Suite 202, Las Vegas Korte Co.
$161,914, residential - production 1477 Overseer Ave., Henderson KB Home Nevada
$325,000, tenant improvement 2250 S. Rancho Drive, Suite 165, Las Vegas Lewis K. Construction & Development $320,000, tenant improvement 304 E. Carson Ave., Las Vegas Fong Construction $292,936, single-family dwelling 6824 Velvet Snow St., Las Vegas Richmond American Homes of Nevada
$158,479, residential - new 2520 Gala Haven Court, North Las Vegas Richmond American Homes of Nevada $157,277, single-family dwelling 9611 Ramon Valley Ave., Las Vegas Greystone Nevada
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your Business-to-business news
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Send your business-related information to news@vegasinc.com
The List
Category: commercial property owners (Ranked by total square footage as of sept. 1) Total commercial property square Total local Year properties established feet
Percentage Percentage of office of retail
Percentage Top local of industrial executive
Harsch Investment Properties 3111 S. Valley View Blvd., Suite K-101 Las Vegas, NV 89102 702-362-1400 • harsch.com
1995
8,500,000
32
9
6
85
John Ramous, senior vice president, regional manager, Las Vegas
2
Prologis 3800 Howard Hughes Parkway, Suite 1250 Las Vegas, NV 89169 702-891-9516 • prologis.com
1998
7,813,088
55
0
0
100
Jeff Foster, vice president - market officer
3
Majestic Realty Co. 4050 W. Sunset Road, Suite H Las Vegas, NV 89118 702-896-5564 • majesticrealty.com
1994
5,000,000-plus
41
27
66
7
Rod Martin, senior vice president
4
EJM Development Co. 7140 Dean Martin Drive, Suite 1200 Las Vegas, NV 89118 702-597-1852 • ejmdevelopment.com
1994
3,300,000
23
8
1
91
Susan Wincn, vice president, Nevada Properties
5
Weingarten Realty 860 S. Rancho Drive Suite 10 Las Vegas, NV 89106 702-259-7900 • weingarten.com
1995
2,100,000
12
0
100
0
Carina L. Roper, senior leasing director
6
Juliet Companies 8375 W. Flamingo Road, Suite 200 Las Vegas, NV 89147 702-368-5800 • julietcompanies.com
1986
1,340,238
10
6
74
20
John Stewart, principal
7
American Nevada Company 2360 Corporate Circle, Suite 330 Henderson, NV 89074 702-458-8855 • americannevada.com
1972
1,033,560
22
79.7
20.3
0
Phil Ralston, president
8
Impact Development 3275 S. Jones Blvd., Suite 105 Las Vegas, NV 89146 702-363-4788 • impactlv.com
1986
468,926
7
37
63
0
Jeff Susa, broker/ owner
9
TNP-NV 302 E. Carson Ave., Suite 330 Las Vegas, NV 89101 702-951-9900 • tnpre.com
2011
450,000
4
53
47
0
Mala Zheleznyak, vice president
Firm
1
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. Visit vegasinc.com for more. 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 Clayt Keefer, research associate, VEGAS INC, 2275 Corporate Circle, Third floor, Henderson, NV 89074.
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