vegasinc.com | september 10 - september 16, 2017
IncrediBear poses at the Twister ride in John’s Incredible Pizza at the Boulevard mall. The pizza chain caters to families with arcade games, bowling, bumper cars and laser tag. (Courtesy)
The new anchors In online shopping era, retail centers have increasingly turned to restaurants to boost traffic By Adam Candee | Staff Writer
Goodbye Dillard’s, hello IncrediBear. ¶ More than 200,000 square feet of space at the Boulevard mall sat empty for years after Dillard’s shuttered its massive store in 2008, leaving an enormous hole in the central valley’s grandfather of retail centers. ¶ Seven years later, California-based John’s Incredible Pizza — fronted by its IncrediBear mascot — New an chors, Continued on page 15
5.4%
Increase in sales at established Best Buy stores over the second quarter of 2017. CEO Hubert Joly said not to expect similar growth through the rest of the year.
$190B
Approximate cost of Hurricane Harvey, the costliest natural disaster in U.S. history — more than Hurricane Katrina and Superstorm Sandy combined, according to AccuWeather.
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VEGAS INC
SEPT. 10- SEPT. 16
CONTENTS GROUP PUBLISHER Gordon Prouty ASSOCIATE PUBLISHER Breen Nolan
NOTEWORTHY STORIES
05 06 18 Q&A WITH NAJLA KAYYEM
The senior vice president of marketing for Pacific Retail Capital Partners leads about 20 marketing executives in the U.S., and says communication is key. Having long worked in the commercial real estate space, she shared perspective on changes — and the vision for Tivoli Village. THE NOTES People on the Move, P4
MEET GATSKI COMMERCIAL
After 25 years in the industry, the firm is still growing and adding services to augment its expertise in commercial brokerage and property management. The CEO talked about team unity and Las Vegas’ shot in the arm from pro sports. TALKING POINTS Vacancy rates, 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: Commercial property owners, P22
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 Mick Akers, April Corbin, Yvonne Gonzalez, Jesse Granger, Chris Kudialis, Thomas Moore, Cy Ryan, Camalot Todd, Ricardo Torres-Cortez COPY DESK CHIEF John Taylor GENERAL EDITOR Paul Szydelko ASSISTANT GENERAL EDITOR Adam Candee COPY EDITOR Christian Bertolaccini SPECIAL PUBLICATIONS EDITOR Craig Peterson RESEARCHER Jamie Gentner 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 PUBLISHER OF DIGITAL 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 Kelly Decker, Brianna Eck, Richard Johnson, Mitch Keenan, Danielle Stone, Alex Teel
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PRODUCTION VICE PRESIDENT OF MANUFACTURING Maria Blondeaux 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
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VOLUME 4, ISSUE 36 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.
(LAS VEGAS SUN ARCHIVES)
VINTAGE VEGAS: A VIEW OF LAS VEGAS BOULEVARD IN THE ’80S Since the debut of El Rancho Vegas in 1941, Las Vegas Boulevard has displayed vastly different skylines with each passing decade. The city’s main tourist artery has evolved since this view of the Strip on Sept. 20, 1983, facing northeast from Caesars Palace. If the same aerial image were taken today, it would include the 550-foot High Roller Observation Wheel, the Linq,
Harrah’s, Casino Royale, Venetian, Palazzo, Wynn and Encore on the east side. The Colosseum at Caesars Palace, the Forum Shops at Caesars, the Mirage and Treasure Island (TI) would fill the west side. The Mirage, which Steve Wynn opened six years after this shot was taken, is generally credited with initiating the megaresort era of the tourist corridor. — REBECCA CLIFFORD-CRUZ
POSTMASTER: SEND ADDRESS CHANGES TO: Vegas Inc 2275 Corporate Circle Suite 300 Henderson, NV 89074 702.990.2545 For inquiries, write to: Vegas Inc 2275 Corporate Circle, Suite 300 Henderson, NV 89074 For back copies: Doris Hollifield at 702.990.8993 or e-mail at doris.hollifield@gmgvegas.com For subscriptions and customer service: Call 818.487.4538, or visit vegasinc.com. For annual subscriptions, $50. For single copies, $3.99.
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VEGAS INC
the notes
Sept. 10- sept. 16
Send your business-related information to news@vegasinc.com
CapRock Partners acquired two multi-tenant industrial parks, an acquisition that spans 203,134 square feet and comprises two properties, 4350 Arville and 3021 Valley View. Taylor Arnett is the acquisition manager focused on the Las Vegas market. WestCorp Management Group opened 2one5 Apartment Homes, owned by Nevada West Development, at 7960 Rafael Rivera Way. About 600 Rebuilding Together Southern Nevada volunteers revitalized 12 homes in honor of National Rebuilding Day. Volunteer teams included people from Aqua Plumbing LLC, Leadership Henderson 2017; Dignity Health St. Rose Dominican Hospital; NV Energy; Capital One; Chase Bank; Wells Fargo; National Title Co.; UNLV; Veterans Association of Real Estate Professionals; United States Air Force; Las Vegas Firefighters; Gensler; Southwest Gas; The Raymond Group; and SherwinWilliams.
Pat Warren and Project Administrator Robyne Ousman. Cook’s primary responsibility is managing current and future large projects. Plutchak heads project completion schedules, budgets, and oversees the scope of plans and specifications. Warren streamlines jobsite operations from schedule execution and subcontractor supervision to punch list coordination and project close-out. He also facilitates inspections, does logistics on materials and building layout, and conducts meetings with site owners and sub-contractors. Ousman’s duties involve insurance tracking, overseeing project budgets and closeout documents. Bruce Follmer is leading Cornerstone Company’s health care property team. Isaiah Henry is the CEO of Seabreeze Management Co..
follmer
Las Vegas Paving Corp. is the general contractor for a 4.5-mile-long, $5.3 million mill-and-pave overlay upgrade of Charleston Boulevard (State Route 159) between Town Center Drive and Rainbow Boulevard in Las Vegas.
Agora Realty and Management acquired an 84,208-square-foot retail center, located at 49004970 E. Tropicana Ave. The center was acquired by Agora for $7.1 million.
Tate Snyder Kimsey Architects’ offices, part of phase one of Southend on Water, are open at 314 S. Water St., Henderson. Southend on Water is a 20,000-square-foot redevelopment project that includes office space, retail and housing.
Jack Woodcock is the 91st recipient of the National Association of Realtors Distinguished Service Award.
DC Building Group is the general contractor remodeling Habit Burger Grill at Fashion Show Mall. The firm also is expanding and renovating the office of Naqvi Injury Law. DC Building is Cook plutchak redeveloping the site and facade of the Rampart Commons retail center at the northwest corner of Charleston and Rampart boulevards. Recent hires at DC Building Group include Project Director Mike Cook, Project Manager Ryan Plutchak, Superintendent
Liberty Mutual Insurance gave the Penta Building Group its Silver Award for Safety Performance.
public platform for exploring, visualizing and downloading location-based open data. The mapping portal analyzes data and allows users to find current location information such as street disruptions, zoning information, historic preservation sites and more. Reverence, a new Summerlin village, is open. It was built by Pulte Homes. Lance Ferguson is the chief operating officer of the Greater Las Vegas Association of Realtors.
The Howard Hughes Corp. is building a campus for Aristocrat Technologies. Located in Summerlin, the 180,000-square-foot campus is on the corner of Hualapai Way and the 215 Beltway and includes two three-story, tilt-up concrete structures of approximately 90,000 square feet each. The project architect is Ed Vance & Associates Architects; interior architect is HOK; and the general contractor is Martin-Harris Construction. David Jewkes is Avison Young’s managing director, brokerage operations, in Las Vegas.
Woodcock
Colliers’ 23rd annual Links for Life Charity Golf Tournament raised more than $115,000 for children’s charities in Southern Nevada. Sponsors for the tournament included: Majestic Realty, Panattoni, Remington Nevada, Swenson, First American Title Co., Fidelity National Title Group, Integrated Landscape Management, Nevada Title Co., Gaudin Porsche of Las Vegas, Findlay Automotive Group, MCA Realty, The Industrial Team of De Lew & Pancirov, Meadows Bank, Vegas Inc, Burke Construction Group, Nevada General Construction, Ethos Three Architecture, Denali Builders, Prologis, the Liquor Outlet, Burnett Haase Construction, Centra, Saber Security, Brandise Construction Co., The OGDEN Foundation, SIGNCO Digital Color Imaging, Worthe Hanson & Worthe and Tradewinds Construction. The city of Las Vegas launched GeoCommons, a
warren
Ferguson
jewkes
The Siegel Group Nevada acquired a 168-unit apartment complex previously operated as the Paradise Park Apartments for $8.2 million. The twostory, 14 building complex totals about 130,000 square feet and is on a 5.08-acre parcel. The property will be renamed Siegel Suites Twain IV. Kimberly Noack-Summers is a director specializing in industrial sales, leasing, development and investment sales noack-summers with Cushman & Wakefield Commerce. She joined the family team of Warren and Travis Noack. Hard Rock Hotel partnered with Hudson Group, a wholly owned subsidiary of Dufry AG, to unveil six shops totaling 14,500 square feet. Designwork Studios is the architectural firm behind Chill, Hootenanny and Dunkin’ Donuts. Big Red Rooster, a design firm, is working with Bezel, Day + Night and Shine. Chill, Hootenanny, Dunkin’ Donuts, Bezel, Day + Night and Shine are now open.
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VEGAS INC
the interview
Sept. 10- sept. 16
Send your business-related information to news@vegasinc.com
Q&A with Najla Kayyem
Exec: Story of America is the evolution of retail By Rebecca Clifford-Cruz | Staff Writer
Najla Kayyem is senior vice president of marketing for Pacific Retail Capital Partners, an operator of large open-air centers and enclosed malls throughout the nation, with more than $1.2 billion in retail assets under management, including Tivoli Village. Are there any recent developments at Tivoli Village? Tivoli Village is a gathering place for the community and boasts a collection of carefully curated retailers, restaurants and entertainment options. Pacific Retail Capital Partners has been brought in for active management and leadership to shift focus, evolve the offerings, drive new business and better position the asset for growth. Opening this fall: Hamptons, a restaurant serving modern American cuisine; Canter’s, a world-famous delicatessen; and a highly acclaimed Mexican restaurant. We are pursuing opportunities with developers for multifamily, hospitality and entertainment uses. How many people are on your team, and what is your management style? I manage about 20 marketing executives throughout the country under the PRCP umbrella. My management style is direct, authentic and relentless. I am a pacesetter. I set high performance standards for myself and the team and epitomize the behavior sought from others. The term “lead by example” comes to mind. Communication is key. I employ a zero-excuse policy. I expect my team to ask questions if they don’t know and meet the deadlines they set for themselves. Before joining PRCP, you were CEO of SICFIT, a lifestyle fitness brand and social network. How did that experience shape you? Leading a progressive startup taught me to get comfortable with the unknown, and that growth and innovation happen when you take risks. I learned to fail fast and move on from temporary defeat. Being nimble and agile allowed me to pivot and redirect my energy and resources as new opportunities came to play. The biggest takeaway was that complacency is a disease. Even when things are good, it’s important to motivate yourself to constantly evolve and change. It’s the only way to get ahead. That same principle pertains to the ever-changing retail landscape. You have to innovate or you risk not being relevant. Tell us about your previous background in commercial real estate, and how the market has changed over time. I’ve been in the commercial real estate space as a marketing executive for close to 20 years, working for firms such as The Related Companies, Caruso Affiliated and Westfield. I was responsible for launching and marketing some of the largest mixed-use developments and landmark projects in the nation, including Westfield Century City, The Grove, The Americana at Brand and The Grand in Los Angeles, Westfield San Francisco Centre in Northern California and CityNorth in Phoenix. Over the years, I have had my hands on more than
Najla Kayyem has launched notable mixed-use developments around the country. (Christopher DeVargas/Staff)
50 shopping centers or mixed-use entities across the country. I have seen it all from the days of the development boom to the financial crash. The story of America is the history and evolution of retail. It’s the recycling of thoughts, experiences, programs and collections that have surfaced throughout the years. What works today might not work tomorrow, but might work again next year. The current shift is with digital — specifically mobile. We need to be where the customer’s attention is, and that is predominately within their mobile activity. Mobile devices become engagement tools on property and facilitate a transaction or interaction. We’ve also seen a resurgence of customer service. Those who invest in human capital will have an edge. A good salesman knows how to sell, and a better one motivates customers to return. What is the best advice you’ve received? Cross-train and learn it all to become more valuable; know numbers — metrics don’t lie; you don’t ask, you don’t dance — don’t be afraid to ask for what you want; your network is your net worth; and insert yourself — don’t be afraid to speak up in a meeting. What has been your most exciting professional project? The redevelopment of Westfield San Francisco Centre. The award-winning, half-billion-dollar historical preservation project is a landmark. A recent execution was a series of carefully curated murals featuring world-renowned artists prominently
displayed on the façade of Eastridge in San Jose, Calif. The energy and excitement around the shopping center changed immediately, and we were reminded how art can transform perceptions, fuel urban revitalization and become an economic stimulus. What is the future of American malls? Retail is evolving, but good real estate never goes out of style. ... Humans are social online and in person. We need to give people something they can’t have online — a place and a platform to connect, spend time together, engage in eureka moments and be entertained. People will always buy stuff. Shopping is America’s No. 1 hobby, but the ways in which purchases are being made are evolving. Retailers need to stay relevant, or they should go away. Where do you see yourself in 10 years? I like mentoring and connecting people. Passion breeds passion in others, and it will amaze you how as you begin to let your energy shine, others truly will feel liberated to do the same around you. I want to be engaged in opportunities to develop my skills, take on interesting challenges, work with people I can really learn from and be surrounded with some of the most revolutionizing thinkers in the industry. What are some things that people might not know about you? I was a semifinalist on “The Apprentice.” I read at least two books a month. I make shoe contact before eye contact.
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VEGAS INC
get to know a local business
Sept. 10- sept. 16
Send your business-related information to news@vegasinc.com
by the numbers
Gatski Commercial head Frank Gatski thinks pro sports could carry Southern Nevada through a possible market correction.
$65 million
Total amount made at movie box offices during the last weekend of August — the worst weekend for movies since Sept. 21, 2011. Contributing factors to this slump were the Conor McGregor-Floyd Mayweather fight and the lack of new major releases.
(STEVE
$20
MARCUS/ staff)
Cost per gallon of gasoline at one convenience store in Houston. The state has received more than 500 complaints of price gouging from businesses trying to make extra money from people desperate for supplies in the aftermath of Hurricane Harvey. Stores caught price gouging during a natural disaster face a $20,000-$25,000 fine.
NFL, NHL ‘great shot in the arm’ By Rebecca Clifford-Cruz Staff Writer
465,000
Do you have any recent news?
We have just recently surpassed our 25th year in business. We continue to grow and hire. We have new value-added services to complement our commercial brokerage and property management departments, such as in-house engineering, tax appeals, insurance and landscape building and maintenance services.
Number of pacemakers being recalled by the U.S. Food and Drug Administration because of their susceptibility to being hacked. There has never been a reported case of a hacked pacemaker, but the FDA and pacemaker companies will install firmware updates to address the possible cyber-vulnerabilities.
Gatski Commercial Address: 4755 Dean Martin Drive, Las Vegas Phone: 702-221-8226 Email: frank@gatskicommercial.com Website: gatskicommercial.com Hours of operation: 8 a.m. to 5 p.m. Monday through Friday Owned/operated by: President and CEO Frank Gatski In business since: 1993
How have your clients changed through the years?
In recent years, a lot of our business was unfortunately related to the Great Recession — working with receiverships and bank foreclosures. With a vibrant local economy today, however, our clients consist mainly of commercial real estate investors and businesses from all industries from all over the world looking to purchase or lease property in Southern Nevada.
$10,000
Amount a lesbian couple in West Virginia will receive in compensation for being called an “abomination” by a deputy clerk who was processing their marriage license.
ly arrived in Las Vegas! This will be a great shot in the arm for our economy that could carry us through a possible upcoming market correction or downturn. What obstacles has your business overcome?
It’s always about the people. You’re only as good as your weakest link. Being in a service business, it’s always about the strength and unity of your team of people. Top talent and strong leadership is difficult to find and keep around these days. What is your business philosophy?
I wake up every morning thinking of just two things: How do I better serve my clients? How do I better provide opportunity for my employees? If I can focus on those two things each day, the rest will take care of itself. What’s the best business advice you’ve received?
What’s trending right now?
Can you say NFL or NHL? Major league sports have final-
“Train people well enough so they can leave. Treat them well enough so they don’t want to.”
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On Mick Akers’ story “Ceremony for UNLV medical school’s inaugural class marks progress”: With the need for doctors in Nevada, I hope they all stay here to practice. I hope that future classes will be even larger. — Nancy Pirsig On April Corbin’s story “Who gets to decide when the golf course can shut down?”: Badlands golf course is private property; homeowners knew there was never a guarantee of a lifetime golf course. It’s in their sales agreement. (Former Las Vegas Councilman) Bob Beers pointed this out to the homeowners and was defeated, but that still doesn’t change the facts. Private property is private property. For government to control, that makes it government property. Is that what we want? — MAR100Z On Jesse Granger’s story “Local Whole Foods shoppers welcome the fruits of an Amazon-run grocery store”: I always figured there was a reason for its higher prices, such as better quality or being organic. But then I found the exact same jar of curry sauce was a dollar or two cheaper elsewhere. I don’t mind paying extra for superior products, but not for the same ones. — 360dunk
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Sept. 10- sept. 16
Commercial real estate markets: A new normal?
T
guest column: market vacancy rate peaked at about 17 he Great Recession caused many stephen m. miller percent in early 2011 and fell to just below 7 changes in the U.S. economy. percent in the second quarter this year. The Employment growth, after a retail market vacancy rate peaked at about slow start, recovered nicely and 11.5 percent in the third quarter of 2010 and continues today. The lack of labor produchas fallen to about 8 percent now. Finally, the office market tivity growth, however, led to slower-than-usual growth in vacancy rate peaked at nearly 25 percent at the end of 2011 real gross domestic product during the recovery. This caused and has fallen to slightly above 19 percent. many analysts to refer to the post-Great Recession as a “new The industrial market vacancy rate has returned to a level normal.” The Southern Nevada commercial real estate marexperienced in the pre-Great Recession period. Both the kets also experienced a pronounced jump in vacancy rates. retail and office market vacancy rates, though, remain at An unanswered question for these markets is whether they double their typical vacancy rates. will recover to the typical vacancy rates enjoyed before the Interestingly, there is a link between the recovery of the recession or to some “new normal” as a result of the severe vacancy rates and the asking rents on the office, retail and downturn. This is an important issue for developers who are industrial real estate. That is, the asking rents fell from their planning to add to the stock of commercial real estate here. peaks to the current rates by about 19, 26 and 43 percent for The five years prior to the recession, vacancy rates in the office, retail and industrial markets, respectively. Southern Nevada commercial real estate markets averaged What are the takeaways? First, developers, when penciling over about 6.75, 3.5, and 9 percent in the industrial, retail out plans for a new piece of commercial real estate, should and office markets, respectively. These averages hide moveconsider some sensitivity analysis to different vacancy rates ments. The industrial market vacancy rate rose from about in the project under consideration. Second, further reduc5.25 percent in the beginning of 2001 to about 10.25 percent tions in vacancy rates in retail and office markets probably at the end of 2002 and then fell to 3.5 percent by the end of will occur when the asking rents match the fall in rates 2006. The retail market vacancy rate moved between 3 and experienced in the industrial market. 4 percent. Finally, the office market vacancy rate moved Stephen M. Miller is an economics professor and director between 8 and 10 percent. of the Center for Business and Economic Research at UNLV’s Since the recession, vacancy rates have averaged about Lee Business School. 11.5, 10 and 23 percent in those markets. The industrial
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
Sept. 10- sept. 16
your Business-to-business news Send your business-related information to news@vegasinc.com
Automated screening lanes being tested By Mick Akers Staff Writer
McCarran International Airport is the midst of a 90-day trial of automated screening lanes in Terminal 3. Three state-of-the-art scanners were installed in the terminal, which houses all international carriers. The goal of placing the new scanners is to increase security while speeding up the screening process for travelers, transportation officials said. “This is the next generation,” Transportation Security Administration spokeswoman Lorie Dankers said. “We’re innovating and automating the passenger-screening process.” TSA employees still assist passengers through the screening area. PasTravelers use new automated screening lanes at the security checkpoint in sengers are scanned and supervised as Terminal 3 at McCarran International Airport on Aug. 31. (Mikayla Whitmore/staff) their luggage goes through the system. TSA employees received an 8-hour the front of the line. to each bin. The tags provide additiontraining course as well as on-the-job al accountability of a traveler’s carryn Automatic diversion of any carrytraining for the new screeners. on property as they move throughout on bags that may contain a prohibited The new units include: the screening process. item. The diversion sends the item to a separate conveyer belt. That allows n Stainless-steel countertops den Cameras that capture images other bins containing other travelers’ signed specifically to allow several of the contents of each bin and are belongings to continue through the passengers to place their items in bins linked next to the X-ray image of a screening process uninterrupted. simultaneously. carry-on bag’s contents. The new security scanners are a byn Automated conveyor belts that n Bins that are 25 percent larger product of the TSA’s Innovation Task transport bins into the X-ray machine than bins in place at other screening Force, which began 18 months ago. Its tunnel and return the bins to the front areas in the airport. The larger bins goal is to re-envision the entire transof the security checkpoint. That elimcan accommodate roll-aboard bags. portation security system and to betinates the labor of stacking and movn Unique Radio Frequency Identiter integrate all of its components. ing the bins from the end of the line to fication (RFID) tags that are attached
“This will increase security effectiveness, while reducing friction to the traveler,” said Steve Karoly, TSA acting assistant administrator for the Office of Requirements and Capabilities analysis. “By automating some of the manual processes carried out by the TSA office and the passenger, TSA can focus on security and the passenger can move swiftly through the checkpoint.” The scanners are 65 feet long and hold 40 trays per unit. Before the end of the trial, McCarran officials will extend the units to 75 feet and will decide which length they prefer before they make the decision to purchase them, according to Chris Jones, chief marketing officer for the airport. After the trial, McCarran will likely move to replace the security scanners in Terminal 1 with the automated version. “Safety and security is always our top priority for our customers here,” Jones said. “Closely behind safety and security is customer service. That’s why we’re so excited about these automated screening lanes.” McCarran is the sixth airport in the country to use the lanes, joining Hartsfield-Jackson Atlanta International Airport, O’Hare International Airport in Chicago, John F. Kennedy International Airport in New York, Newark (N.J.) Liberty International Airport and Los Angeles International Airport.
Golden Gate in downtown Las Vegas debuts expansion By Thomas Moore Staff Writer
The Golden Gate opened its latest addition on Sept. 1, a 5,000-square-foot expansion to replace a gritty downtown alley previously separating the casino from the gift shops to the east of the property on Fremont Street. Local dignitaries and executives from other downtown casinos attended the traditional ribbon-cutting ceremony. The expansion also lengthened Golden Gate’s outdoor bar on Fremont Street along the front of the property. Derek Stevens, the Golden Gate CEO, said the idea to take over the alley and expand the casino came after he and his brother/partner, Greg Stevens, had finished purchasing several properties across the street from the Golden Gate. “We saw this alley here and it was
a dirty alley and we thought, ‘OK, we could do something better,’” he said. “And we were able to work with the city and get that done and as soon as we knew we could get that done we started the design process and got that going.” The expansion adds 91 slot machines to the casino floor to give the property 400 machines. The upgrades also include opening the wall between an older section of the casino and the new area for an employee dining area. The expansion is not the only project the Stevens brothers are working on. They are also in midst of demolishing those structures they purchased across the street from the Golden Gate to clear the way for a new downtown resort. Stevens said he is still determining the theme and motif for the new A look at the new expansion of the Golden Gate Hotel & Casino in downtown property. Las Vegas. (Chris De Vargas/staff)
Brady Linen Services President Eric Brady
For Eric Brady, every day is laundry day. Brady Linen Services processes a million pounds of laundry every day at its North Las Vegas facility. But thanks to President Eric Brady and his company’s new Pulse-Flow Tunnel Washing System, they clean hotel and restaurant linens with 72% less water than before. To date, they’ve saved 6.7 billion gallons of water, and counting. Learn how your business can save water without being hung out to dry. Go to snwa.com or call our conservation specialists at 702.862.3736.
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15
VEGAS INC
Sept. 10- sept. 16
ne w Anchor s , fr om page 1
Chains’ draw ‘exceptionally strong here’ leased more than a quarter of that space for the first local location of its brand of arcade and pizza entertainment. As major bricks-and-mortar retailers struggle in the e-commerce era, restaurants serve as new anchors for shopping centers searching for ways to lure customers inclined to let Amazon do the walking. Most will not occupy the large space in a major center like John’s, but reliable quick-service and fast-casual restaurants still provide a reason for cars to stop. “I do think you’re hitting on a trend,” said Adam Malan, director of brokerage with Logic Commercial Real Estate. “The fundamentals of prior cycles in real estate would have the anchors and junior anchors as the main draw to bring in customers, and then you’d have restaurants and supporting shop space and retailers that would occur around those anchors. That’s what drove traffic. “With the struggles we’re seeing in anchors and junior anchors, often it’s a hot sexy new restaurant that comes to the pad that brings more people in. Restaurants are extremely active, probably the most active user group in retail.” That activity follows customer demand: in 2015, the U.S. Census Bureau reported that restaurant sales surpassed grocery store sales for the first time in American history. Industry experts anticipate that gap will widen in future years, according to a 2016 report from real estate brokerage CBRE. “We’re finding that a lot of our interest that we have in our retail properties really does stem from food and beverage,” said Jennifer Ott, executive vice president for retail with ROI Commercial Real Estate. “We’re seeing a lot of service, experiential and entertainment as well.” A prime restaurant location can fetch rent significantly above the local market average, Ott said. “If I get a really nice 2,500-squarefoot end cap that you can put a patio on, my first call will be to a restaurant tenant,” Ott said. “Odds are, I’ll be able to get $2.50 or $2.75 (per square foot.)”
“Landing a user like (Starbucks), that draw and the customer following they bring will probably do as much as any for our efforts in leasing junior big box and anchor vacancies ... Flat out — I have an email from a broker of another national tenant restaurant, ‘Is Starbucks there for sure? Because if they are, we’re interested.’ ” — Adam Malan, Logic Commercial Real Estate
Colliers International reported that for the second quarter of 2017 in Southern Nevada, the average asking rate for retail leasing was $1.36 per square foot. The strength of the restaurant segment shows no sign of weakening either. CBRE reports that in 2015, food and beverage service sales bested their pre-recession peak by 37 percent. Restaurants have outperformed every other retail category since 2008, and represented a sector-leading 15 percent of core retail sales in 2015, narrowly outpacing grocery stores (14 percent) and department stores (12 percent). National Restaurant Association research predicts restaurant spending to climb to $799 billion in 2017. That would be a 4.3 percent jump from 2016 for an industry that employs one out of every 10 employees in the U.S. “There are a lot of the smaller centers going toward restaurants,” said Jay Heller, principal of Heller Companies, a local real estate development firm. “I think it drives the traffic there more, and I think the rents too.” Established brands such as Starbucks, Raising Cane’s, Cafe Rio, Five Guys and In-N-Out offer stability and a likelihood of paying higher rents for brokers, with tested appeal and significant corporate backing that minimizes the risk of failure. Beyond their gravity, the familiarity of those names plays particularly well in Southern Nevada. “I don’t think that draw toward chains is unique, but it’s exceptionally strong here as it relates to other
markets,” Ott said. In particular, the Frappuccino shines brightly — Starbucks guarantees steady traffic through a shopping center seven days a week, particularly during the operating hours of most retailers. Malan represents Starbucks in Southern Nevada, where the coffee chain has added a dozen stores in the past two years and has another two dozen in various stages of leasing and development. “Landing a user like that, that draw and the customer following they bring will probably do as much as any for our efforts in leasing junior big box and anchor vacancies,” Malan said. “Flat out — I have an email from a broker of another national tenant restaurant, ‘Is Starbucks there for sure? Because if they are, we’re interested.’ ” Beyond coffee and burgers, Heller sees retail centers prioritizing experiences over goods, including the social aspect of dining that e-commerce cannot replace. “Certainly there’s been a trend with restaurants being more of a lure for traffic to centers where they’re replacing the bricks-andmortar traditional anchor stores,” Heller said. “In a broader sense, it’s more of a cause from internet and ecommerce. We’re even seeing a generation shift from millennials and the one-click ordering, from oneclick to knock on the door. Retail centers are looking for that draw. Those are certain things that you can’t really get over the internet. If it’s an experience or a value — some type of experience: dining, entertainment or some type of a value
store as an anchor or an attraction.” Millennials eat out more frequently than previous generations, but spend less than their parents when they do. CBRE reports people from 25-34 years old spent an average of $2,921 per year on food outside the home as of 2016. That lags behind the 35-54 demographic, which shells out about 14 percent more on average because of increased disposable income. As all age groups extend their spending on restaurants, some in the retail industry offer words of caution about riding the trend too far away from established fundamentals in growth. A recent report by the International Council of Shopping Centers titled “The Successful Integration of Food & Beverage Within Retail Real Estate” offers a moment of pause in heated restaurant expansion. “More restaurants and bars do not necessarily equate to success for shopping centers, as this huge expansion in space allocation comes with opportunities (e.g., increased shopper traffic and sales) but also risks (e.g., oversupply),” the report reads. “But overall, F&B can now act as an anchor.” That goes not just for centers attempting to backfill for departed K-Mart and Sports Authority stores, but for new developments as well. Heller points to smarter retail growth tied to nearby residential development, emphasizing that pre-leasing spaces often is needed to secure construction loans in the post-recession environment. Quick-service or fast-food restaurants like Malan’s clients fit that need. “A lot of your pre-leasing right now is coming from restaurants,” Malan said. “Those are the ones that are aggressive right now, that are willing to commit.” The CBRE report concludes “for landlords, the key to success in widening restaurant offerings involves curating a unique and diverse offer that caters specifically to the intended customer base, while mitigating the risk of lower-credit and independent tenants through careful selection and openness to innovative lease structures.”
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VEGAS INC
your Business-to-business news
Sept. 10- sept. 16
Send your business-related information to news@vegasinc.com
Calendar of events MONDAY, SEPT. 11
Third annual Nevada Economic Development Conference Time: 8:30 a.m.-4:30 p.m. Cost: $35-$175 Location: Student Union at UNLV, 4505 S. Maryland Parkway, Las Vegas Information: Call 775-883-7333, ext. 2000; email sgonzales@wndd.org; or visit nvedc.com Hear from a cross-section of business professionals, policy leaders and economic experts who will share what is happening in a dynamic, changing Nevada economy. *Also: 7 a.m.-6:30 p.m. Tuesday, Sept. 12, and 7 a.m.-3:15 p.m. Wednesday, Sept. 13
TUESDAY, SEPT. 12 Henderson Chamber of Commerce Networking Breakfast Time: 7-9 a.m. Cost: $35 for Chamber members and $65 for walk-ins Location: Wildhorse Golf Club, 2100 W. Warm Springs Road, Henderson Information: Contact Donna Israelson at 702-5658951 or disraelson@hendersonchamber.com At this event, themed “Refresh Your Marketing Plan,” industry experts will discuss three different topics and then offer a Q&A session to assist owners in looking at current marketing plans with a new perspective and updated tools.
Time: 7:30 a.m.-12:30 p.m. Cost: $350 for series Location: United Way of Southern Nevada, 5830 W. Flamingo Road, Las Vegas Information: This three-part workshop series presented by Professionals in Philanthropy and the United Way of Southern Nevada is designed to generate a positive perspective on the shared leadership relationship with a board chair while identifying some of the pitfalls in that relationship. Nonprofit business mixer Time: 6:30-8:30 p.m. Cost: Free Location: ReBAR, 1225 S. Main St., Las Vegas Information: Call or text Rebecca at 702-7864155 or visit facebook.com/redrockrotarylv Calling all nonprofits and those looking to get involved in service projects in the Las Vegas community. The Rotary Club of Las Vegas Red Rock is hosting a nonprofit business mixer with the goal of matching organizations with potential volunteers and also exchanging contacts.
WEDNESDAY, SEPT. 13
Society for Marketing Professional Services Las Vegas 10th annual Public Works Roundtable Time: 11:30 a.m.-1 p.m. Cost: $35 for members; $75 for nonmembers Location: Maggiano’s Little Italy, 3200 Las Vegas Blvd. South, Las Vegas Information: Visit smpslasvegas.com Hear from multiple municipalities on upcoming opportunities for architecture, engineering and construction firms.
CSN Fall 2017 Career Fair Time: 10 a.m. to 1 p.m. Cost: Free Location: June Whitley Student Lounge, CSN’s North Las Vegas campus. Information: Call 702-651-4700. The open forum gives job applicants the opportunity to meet recruiters, learn about job openings and gather detailed employment information. Applicants should dress in interview attire, bring résumés and be prepared for immediate interviews. Organizations planning to attend include Allegiant Air, Ameriprise Financial, Apple, Boyd Gaming Corp., CCSD, FedEx Ground, Lowe’s, MGM Resorts International, Sinclair Broadcasting Group, Station Casinos and Wolfgang Puck.
Leading Together: Strengthening the Executive Director and Board Chair Relationship
Strategic Analytics Summit 2017 Time: 9 a.m.
Cost: $599.95 Location: Las Vegas Market, 475 S. Grand Central Parkway, Las Vegas Information: Visit strategicanalyticssummit.com This conference emphasizes the importance of data and its potential impact on a business’ bottom line and profitability. *Also: Thursday, Sept. 14
THURSDAY, SEPT. 14 Healthcare Happy Hour Time: 6-8 p.m. Cost: Free for physicians; $25 for Las Vegas HEALS members in advance; $30 for members at the door; $50 for nonmembers Location: Dignity Health Medical Pavilion, 800 N. Gibson Drive, Henderson Information: Call 702-952-2477, visit lasvegasheals.org or email events@lasvegasheals.org Presented by Dignity Health, Steinberg Diagnostic Medical Imaging and Quest Diagnostics, this month’s event is in honor of the grand opening of the Dignity Pavilion. Come dressed in a touch of glam to connect and socialize with decision makers and celebrate the health care community. Business Power Luncheon — Leading the Way in Education Time: 11:15 a.m.-1 p.m. Cost: $55 for elected officials and Las Vegas Metro Chamber of Commerce members; $70 for nonmembers Location: Strip View Pavilion at Thomas & Mack Center, 4505 S. Maryland Parkway, Las Vegas Information: ContactNicole Neal at 702-5863851 or nneal@lvchamber.com The Metro Chamber of Commerce welcomes Thom Reilly, the new chancellor of the Nevada System of Higher Education, and Clark County School District Superintendent Pat Skorkowsky for insights into K-12 and higher education in Southern Nevada, including priorities for the next few years and their vision for the future of education and workforce development in Southern Nevada.
Conventions expected Show Location Dates attendance
Sans Institute — Network Security 2017
Caesars Palace
Sept. 10-17
1,200
ISSA / Interclean North America 2017
Las Vegas Convention Center
Sept. 12-14
16,000
Las Vegas Souvenir & Resort Show — 2017
Las Vegas Convention Center
Sept. 12-15
6,000
International Vision Expo West 2017
Sands Expo and Convention Center
Sept. 14-16
23,000
Interbike Expo 2017
Mandalay Bay
Sept. 20-22
25,000
18
VEGAS INC
Sept. 10- sept. 16
the data Send your business-related information to news@vegasinc.com
Records and Transactions BANKRUPTCIES None to report
BID OPPORTUNITIES Sept. 12 2:15 p.m. Mountain’s Edge Park: adult ballfields and site improvements Clark County, 604549 Sandy Moody-Upton at scm@ clarkcountynv.gov
Sept. 15 3 p.m. Annual requirements contract for janitorial services at Cora Coleman Senior Center & Robert “Bob” Price Recreation Center Clark County, 604589 Deon Ford at deonf@clarkcountynv.gov
Sept. 21 2:15 p.m. Roof replacement for Fire Station No. 31 and Fire Station 65 Clark County, 604580 Sandy Moody-Upton at scm@ clarkcountynv.gov 2:15 p.m. Winchester Cultural Center expansion Clark County, 604534 Sandy Moody-Upton at scm@ clarkcountynv.gov
Brokered transactions Sales $16,650,000 for 64,698 square feet, retail 4115, 4145, 4165, 4175 and 4195 S. Grand Canyon Drive, Las Vegas 89147 Seller: Grand Flam Shops Capital Management Seller agent: Rob Ippolito and Michael Zobrist of Newmark Knight Frank Buyer: Grand Canyon Center Buyer agent: Did not disclose $16,000,000 for 232 units, multifamily residential 4485 Pennwood Ave., Las Vegas 89102 Seller: Pennwood Partners Seller agent: Thomas Olivetti of Colliers International Tenant: Tablerock Capital Tenant agent: Thomas Olivetti of Colliers International $8,950,000 for 51,834 square feet, office 4955 S. Durango Drive, Las Vegas 89113 Seller: Did not disclose Seller agent: Chris Emanuel of Virtus Commercial
Buyer: WJA Properties and Gold Pac Capital Buyer agent: Tina Taylor and Ryan McCullough of Marcus & Millichap $5,097,000 for 16,126 square feet, retail 7591-7595 W. Washington Ave., Las Vegas 89128 Seller: PWREO Buffalo and Washington Seller agent: Joe Bonifatto of Colliers International Buyer: Steven Mutnick Buyer agent: Did not disclose $2,750,000 for 25,952 square feet, office 1750 E. Sahara Ave., Las Vegas 89104 Seller: Greater Las Vegas Association of Realtors Seller agent: David Scherer and Michael Hsu of Newmark Knight Frank Buyer: Laborers’ International Union North America, Local 872 (LIUNA, Inc.) Buyer agent: Did not disclose $2,237,625 for 19,125 square feet, industrial 4480 Calimesa St., Las Vegas 89115 Seller: NLV Sagebrush Seller agent: Sean Zaher of CBRE Buyer: 777 Corporate Relocation Buyer agent: Dan Doherty, Chris Lane and Jerry Doty of Colliers International $1,625,000 for 7,620 square feet, retail 3930 W. Craig Road, North Las Vegas 89032 Seller: Did not disclose Seller agent: Chris Cunning of Marcus & Millichap Buyer: Did not disclose Buyer agent: Did not disclose $1,000,000 for 12,694 square feet, industrial 2765 and 2769 N. Lamb Blvd., Las Vegas 89115 Seller: MCA Lamb Seller agent: Sean Zaher of CBRE Buyer: Dillard 170 Buyer agent: Did not disclose $750,000 for 1.01 acres, land South Decatur Boulevard and West Teco Avenue, Las Vegas 89118 Seller: Decatur and Sunset Investments and Kenneth Yvonne Gragson Family Trust Seller agent: Scott Gragson and Robert Torres of Colliers International Buyer: Vandrey Properties Buyer agent: Mike DeLew and Greg Pancirov of Colliers International $507,760 for 6,347 square feet, industrial 2737 N. Lamb Blvd., Las Vegas
89115 Seller: NLMCA Lamb Seller agent: Sean Zaher of CBRE Buyer: D. Peacock Enterprises Buyer agent: Michael Levin of Signature Real Estate Leases $1,742,400 for 71,083 square feet, industrial 4490 Nexus Way, Las Vegas 89115 Landlord: PHI Northgate Buildings 1 & 2 LLC Landlord agent: Did not disclose Tenant: Southern Nevada Teamsters Local 631 Tenant agent: The Larkin Group and NAI Vegas $1,558,934 for 13,126 square feet, office 1210 Valley View Blvd., Suite 104, Las Vegas 89102 Landlord: Valley View 4 Landlord agent: Laramie Bracken of Gatski Commercial Real Estate Services Tenant: State of Nevada Department of Administration, Public Works Division Tenant agent: Did not disclose $911,545 for 30,000 square feet, industrial 4700 Mitchell St., North Las Vegas 89081 Landlord: GSC Industries Landlord agent: Bryan Houser of Albright Callister & Associates Tenant: Gist Specialties Tenant agent: The Larkin Group and NAI Vegas $737,000 for 4,883 square feet, office 4670 S. Fort Apache Road, Suite 100, Las Vegas 89147 Landlord: Colonial Plaza Office Center Landlord agent: Tanner Peterson of CBRE Tenant: Bensym Tenant agent: Barton Hyde of Avison Young $662,099 for 7,975 square feet, retail 1010 Stephanie Street, Suite B, Henderson 89014 Landlord: Cooga LLC Landlord agent: Laramie Bracken and Brenda Olson of Gatski Commercial Real Estate Services Tenant: GSCP Holdings Nevada Tenant agent: Did not disclose $260,604 for 1,800 square feet, retail 7425 S. Durango Drive, Suite 103, Las Vegas 89113 Landlord: DM Rhodes Ranch Landlord agent: Michael Zobrist and Nelson Tressler of Newmark Knight Frank Tenant: CLJ LLC dba Me Gusta Tacos Tenant agent: Did not disclose
$175,354 for 6,000 square feet, industrial 3955 W. Mesa Vista Ave., Suite A4, Las Vegas 89118 Landlord: Mesa Vista Business Center Landlord agent: Spencer Pinter of Colliers International Tenant: Silver Lining Advertising Tenant agent: The Larkin Group and NAI Vegas $54,742 for 1,200 square feet, retail 3711 S. Valley View Blvd., Suite G, Las Vegas 89103 Landlord: Valley View 4 Landlord agent: Bob Miller of Gatski Commercial Real Estate Services Tenant: Fernando Ortega, Marco Munoz and Emma Montoya Tenant agent: Did not disclose $44,700 for 2,470 square feet, industrial 3230 Polaris Ave., Suites 21 and 33, Las Vegas 89102 Landlord: Equus Business Center Landlord agent: Sean Simon, Tom Wagener and Joe Muvuna of Gatski Commercial Real Estate Services Tenant: 3D Laser Art Tenant agent: Did not disclose $41,580 for 3,850 square feet, retail 9175 Las Vegas Blvd. South, Suite 178, Las Vegas 89123 Landlord: Real Equities Landlord agent: Did not disclose Tenant: Gina Lynn Sferra and Mike Tarantino Tenant agent: Stacy Debie of Gatski Commercial Real Estate Services $20,220 for 1,080 square feet, industrial 3401 W. Sirius Ave., Suite 34, Las Vegas 89102 Landlord: Equus Business Center Landlord agent: Sean Simon, Tom Wagener and Joe Muvuna of Gatski Commercial Real Estate Services Tenant: Joseph Muvuna Tenant agent: Did not disclose $20,220 for 1,080 square feet, industrial 3110 Polaris Ave., Suite 12, Las Vegas 89102 Landlord: Equus Business Center Landlord agent: Sean Simon, Tom Wagener and Joe Muvuna of Gatski Commercial Real Estate Services Tenant: J & K Home Improvements Tenant agent: Did not disclose
Address: 4430 E. Alexander Road, Suite A, Las Vegas Owner: Bailey and Son Enterprises Balance Your Life Concierge Services License type: Personal services Address: 2333 Cordelia St., Henderson Owner: Valerie Buchanan Bally Technologies License type: Interjurisdictional business Address: 6650 El Camino Road, Las Vegas Owner: Bally Gaming Bangkok 9 License type: Beer/wine/spiritbased producy on-sale Address: 663 N. Stephanie St., Henderson Owner: Bangkok 9 Bangkok 9 License type: Restaurant Address: 663 N. Stephanie St., Henderson Owner: Bangkok 9 Barnum Maintenance License type: Property maintenance Address: 101 W. Chaparral Drive, Henderson Owner: Dennis Barnum Barry & Son License type: Property maintenance Address: 5004 Dancing Lights Ave., Las Vegas Owner: Barry & Son Batteries + Bulbs License type: Miscellaneous Address: 1381 W. Sunset Road, Suite 110, Henderson Owner: HND Battery & Bulb Battle Born K9 License type: Miscellaneous Address: 1031 Secluded Acres Court, Henderson Owner: Battle Born K9 BCFWC License type: General retail sales Address: 10000 W. Sahara Ave., Suite 130, Las Vegas Owner: Burlington Coat Factory Warehouse Beautiful Bones Orthopaedics License type: Medical office Address: 944 Everest Peak Ave., Henderson Owner: Laura Bruse, M.D.
Business licenses
Beaver Interiors License type: Miscellaneous Address: 7836 Silver Plateau Ave., Las Vegas Owner: Beaver Interiors
Bailey’s Sweeper Service License type: Property maintenance
Beck Burner Service License type: Property mainte-
the data Send your business-related information to news@vegasinc.com
19
VEGAS INC
Sept. 10- sept. 16
Records and Transactions nance Address: 2003 Darla St., Henderson Owner: Beck Burner Service Ben Bridge Jeweler License type: Drug/department/ variety store Address: 1300 W. Sunset Road, Suite 2621, Henderson Owner: Ben Bridge Jeweler Berg’s Beads License type: General retail sales Address: Did not disclose, Las Vegas Owner: Gail Berg Bertie’s Blooms License type: General retail sales Address: Did not disclose, Las Vegas Owner: Bertie Hill Best Beauty Nail & Salon License type: General retail sales Address: 8800 W. Charleston Blvd., Suite 21, Las Vegas Owner: Best Beauty Best Buy Mobile #2933 License type: Electronics sales Address: 1300 W. Sunset Road, Suite 2417, Henderson Owner: Best Buy Stores Best Mattress License type: General retail sales Address: 1211 W. Warm Springs Road, Suite 150, Henderson Owner: Best Mattress Best Nails & Spa License type: Barbershop and cosmetology establishment Address: 2505 Anthem Village Drive, Suite F, Henderson Owner: Best Nails & Spa II Bevco License type: Miscellaneous sales/ service Address: 1959 Whitney Mesa Drive, Henderson Owner: Bevco Bevi Beverages License type: Liquor wholesale/ import Address: 901 American Pacific Drive, Suite 130, Henderson Owner: Bevi Beverages Bies Diet License type: Internet sales Address: 2850 W. Horizon Ridge Parkway, Suite 200, Henderson Owner: Karsten Bie Jensen
Address: 4200 W. Russell Road, Suite 112, Las Vegas Owner: Dean Duchene Bikini Bail Bonds License type: Bail bond broker Address: 4755 W. Nevso Drive, Suite 16A, Las Vegas Owner: Bailbonds.com Inc. Bio-One Henderson License type: Property maintenance Address: 388 Via Sonador, Henderson Owner: Crime Scene and Hoarding Clean-Up of Southern Nevada Bio-One Las Vegas License type: Residential property maintenance Address: Did not disclose, Las Vegas Owner: James Herold Biodermis License type: Miscellaneous sales/ service Address: 1820 Whitney Mesa Drive, Suite 100, Henderson Owner: NV Biomedical Bistro Pizza License type: Restaurant Address: 55 S. Gibson Road, Suite 112, Henderson Owner: TYKB LLC BJ’s Restaurant & Brewhouse License type: Restaurant with bar Address: 9520 S. Eastern Ave., Henderson Owner: Chicago America Holding Black Mountain Research License type: Miscellaneous sales/ service Address: 1869 Desert Forest Way, Henderson Owner: Fred C. Dilger III Black Sheep Ink License type: Miscellaneous sales/ service Address: 18 Colleton River Drive, Henderson Owner: James Hanson Blue Sky Enterprise License type: Instruction services Address: 1791 Valenzano Way, Henderson Owner: Blue Sky Enterprise Blue Sun Office Suites License type: Executive suites Address: 701 N. Green Valley Parkway, Suite 200, Henderson Owner: Blue Sun Office Suites
nance Address: 519 Scenic Terra Drive, Henderson Owner: Mike Runyon
Address: 1720 W. Horizon Ridge Parkway, Suite 100, Henderson Owner: Nicole Kim
Bobs Transmission & Auto License type: Automotive repair Address: 253 Elliott Road, Suite 15, Henderson Owner: Robert Salamone
Brody Enterprises License type: Miscellaneous sales/ service Address: 37 Daisy Meadow Terrace, Henderson Owner: Brody Enterprises
Bonnie’s Floral Boutique License type: Miscellaneous sales/ service Address: 117 W. Atlantic Ave., Henderson Owner: Bonnie Williams
Brookside Senior Home Care License type: Group care facility Address: 1134 Galangate Ave., Henderson Owner: Brookside Senior Care Homes
Bordelove & Associates License type: Accounting firm Address: 3005 W. Horizon Ridge Parkway, Suite 140, Henderson Owner: Scott Bordelove
BTB Products License type: Automotive repair Address: 121 Corporate Park Drive, Henderson Owner: JSL Group
Born and Raised Henderson License type: Tavern — liquor Address: 10050 S. Eastern Ave., Suite 170, Henderson Owner: Town Lounge Henderson
Bug Eye Pest Control License type: Property maintenance Address: 2510 E. Sunset Road, Suites 5-11, Las Vegas Owner: Bug Eye Pest Control
Born and Raised Henderson License type: Restaurant Address: 10050 S. Eastern Ave., Suite 170, Henderson Owner: Town Lounge Henderson Bowlology License type: Restaurant Address: 5635 Centennial Center Blvd., Suite 110, Las Vegas Owner: Healthy Kitchen NV 4 Brandon Tresik License type: Real estate sales Address: 10000 W. Charleston Blvd., Suite 130, Las Vegas Owner: Brandon Tresik Brenda Bisgard License type: Real estate sales Address: 10750 W. Charleston Blvd., Suite 180, Las Vegas Owner: BB Got Homes LLC Brenda Moreno Ramirez License type: Residential property maintenance Address: Did not disclose, Las Vegas Owner: Brenda Ramirez Brendon Walker Insurance Agency License type: Insurance agency or adjusting firm Address: 4027 E. Sunset Road, Henderson Owner: Brendon Walker Insurance Agency
Big Ern’s Essentials License type: Interjurisdictional business Address: 300 W. Promenade Blvd., Suite 1147, Las Vegas Owner: Big Ern’s Essentials
Bluefin Aquatics License type: Instruction services Address: 1165 Sandy Ridge Ave., Henderson Owner: Robert Hommel
Brent Bornemeier License type: Independent massage therapist Address: 1485 W. Warm Springs Road, Suite 109, Henderson Owner: Bold Bodywork
Bigfoot Garage Cabinets License type: General retail sales
BLZ Services License type: Property mainte-
Brighton Laboratory License type: Laboratory
Build-A-Bear Workshop License type: Miscellaneous sales/ service Address: 1300 W. Sunset Road, Suite 1621, Henderson Owner: Build-A-Bear Workshop Buon Gusto Ristorante License type: Restaurant Address: 2642 W. Horizon Ridge Parkway, Suite A2, Henderson Owner: KME dba Buon Gusto Ristorante Buon Gusto Ristorante License type: Beer/wine/spiritbased producy on-sale Address: 2643 W. Horizon Ridge Parkway, Suite A2, Henderson Owner: KME dba Buon Gusto Ristorante Buzy Bee Cleaning Service Llc License type: Property maintenance Address: 1122 Casady Hollow Ave., Henderson Owner: Buzy Bee Cleaning Service By Design, Marlene Friedmutter & Associates License type: Designer or decorator Address: 109 Royal Troon Court, Henderson Owner: Marlene Friedmutter C & M Cleaning License type: Repair and maintenance Address: Did not disclose, Las Vegas Owner: Miguel Carranza C Cigarettes Cheaper License type: Product sales including tobacco
Address: 732 S. Boulder Highway, Henderson Owner: Marwan George and Gomana Kheraiaa Cadence Pest Control License type: Property maintenance Address: 122 Pettswood Drive, Henderson Owner: Gilbert Medina Cafe Katan License type: Restaurant Address: 874 American Pacific Drive, Henderson Owner: Shoshana Segelstein Cakes and Caviar License type: Miscellaneous sales/ service Address: 322 Abbington St., Henderson Owner: Kenya McCampbell Cakes on the Move License type: Restaurant Address: 2100 W. Warm Springs Road, Henderson Owner: Darlene Davidson Callister Law License type: Professional services Address: 330 E. Charleston Blvd., Suites 100-101, Las Vegas Owner: Callister Law Camco License type: Real estate sales Address: 2260 Corporate Circle, Suite 410, Henderson Owner: Complete Association Management Company Camilla Rose Soap Shop License type: Interjurisdictional business Address: 8157 Stassen St., Las Vegas Owner: Raquel Rose Cannapunch of Nevada License type: Interjurisdictional business Address: 2917 E. Alexander Road, North Las Vegas Owner: Green Cross Nevada Capital Tint License type: Automotive accessories Address: 149 N. Gibson Road, Suite A, Henderson Owner: Capital Tint The most recent building permits for the cities of Henderson and Las Vegas were not available by the publication deadline. Regarding business licenses, only a portion appear in the print edition of VEGAS INC, and only those that are printed in the magazine appear on our website. To receive a complete copy of Data Plus every week in Excel, please visit vegasinc.com/ subscribe.
Since 1984 , Burke has been building client visions in our traditions of shared passion and enduring relationships across Southern Nevada. Providing comprehensive preconstruction, construction management, LEED and sustainable building services through customized solutions and support to our clients and partners.
BUILDING YOUR VISION
We incorporate a system of interrelated key services, from early conceptual planning to construction management, our construction professionals focus on creating value and eliminating waste at every step saving our clients money and time. Offering strategic planning, budget and schedule development, portfolio analysis, project team selection and management, site-work and utility coordination and coordination with various public and private agencies, we provide our partners expertise and assistance in conducting the due diligence necessary to support new construction and repositioning projects. Building in both public and private sectors, Burke’s diverse expertise covers various market sectors. Visit BURKECGI.COM to experience our comprehensive portfolio of work.
CONNECT WITH US 345 E. PILOT RD. STE D LAS VEGAS, NV 89119 702.367.1040
GENERAL CONTRACTING • DESIGN-BUILD • CONSTRUCTION MANAGEMENT • CONSULTING
Building Community. The philosophy of Gardner Company is to build great relationships. We achieve this by partnering with people and companies with the highest of standards to benefit our clients, our communities, and the environment. Our ability to deliver quality projects is the key reason for our success. This is done by providing professional service through every aspect of the development process. That’s office, retail, industrial and medical building development done right for more than 38 years. For more information about our ongoing developments, please visit GardnerCompany.net.
HENDERSON OFFICE 2600 Paseo Verde Parkway, Suite 150 Henderson, NV 89074
OFFICES IN UTAH, IDAHO & NEVADA
22
VEGAS INC
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The List
Category: Commercial property owners (Ranked by total commercial square footage as of Aug. 1)
Year est.
Total commercial property sq. ft.
Total local properties
Percentage of office
Percentage of retail
Percentage of industrial
Prologis 3800 Howard Hughes Parkway, Suite 1250 Las Vegas, NV 89169 702-891-9504 • prologis.com
1998
9,100,816
62
0
0
100
Jeff Foster, vice president/market officer
2
Harsch Investment Properties 3111 S. Valley View Blvd., Suite K101 Las Vegas, NV 89102 702-362-1400 • harsch.com
1995
9,100,000
33
9
6
85
John Ramous, senior vice president/regional manager for Las Vegas
3
Majestic Realty 4050 W. Sunset Road, Suite H Las Vegas, NV 89118 702-896-5564 • majesticrealty.com
1994
5,000,000
44
25
7
68
Rod Martin, senior vice president
4
EJM Development 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 of 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
1,669,303
12
5
59
36
John Stewart, principal
7
American Nevada Company 2360 Corporate Circle, Suite 330 Henderson, NV 89074 702-896-6353 • americannevada.com
1972
1,478,196
23
81
16
3
Phillip 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
Top local executive
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 to Jamie Gentner, research associate, jamie.gentner@lasvegassun.com. Send mail care of VEGAS INC, 2275 Corporate Circle, Third floor, Henderson, NV 89074.
Growing team? Outdated equipment? Need to be more efficient?
Congratulations to Bruce Johnson on becoming a Partner at Ballard Spahr. Bruce F. Johnson Partner Real Estate, Energy and Project Finance 702.868.7546 johnsonbf@ballardspahr.com
TIME FOR A
COPIER UPGRADE! 702-932-7431 | lesolson.com/upgradenow
GET A QUOTE TODAY!
www.ballardspahr.com
For More Information Contact Blaine Sutton 702.637.2891 BVSutton@DRHorton.com
Aurora’s Edge
297 Crimson Edge Street, Henderson, Nevada 89012
Aurora’s Edge is an exclusive gallery of modern, contemporary style homes desirably nestled upon Black Mountain in Henderson. The fusion of indoor/outdoor living and contemporary style bring new definition to luxury living. EmeraldHomes.com/LasVegas Photos representational only.
City NationalÂŽ is proud to support Nevada businesses. Fine Dining
Marketing Company
Medical Industry Supplier
$2,000,000
$750,000
$738,500
Real Estate Loan & Line of Credit
Revolving Line of Credit
SBA Real Estate Loan
Office Building
Office Building
Manufacturer
Aerospace Defense Electronics
Retailer
$1,240,000
$20,000,000
$1,400,000
Term Loan for Equipment
Line of Credit
Working Capital Line of Credit
Participation
Manufacturing & Fabrication
Computer Services
Automotive Services
$6,000,000
$500,000
$755,000
Line of Credit
Lease
Real Estate Loan
Industrial/Office Building
For more information, please contact: Bruce Ford | SVP/Regional Banking Manager | (702) 952-4428 | Bruce.Ford@cnb.com Scott Aney | Nevada Regional Executive | (702) 952-4440 | Scott.Aney@cnb.com City National is the bank built on client referrals. CNB MEMBER FDIC
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