V E G A S I N C . C O M | A P R I L 5 - 1 1, 2 0 1 5 Jan Jones Blackhurst, former mayor of Las Vegas, discusses the Internet, Caesars Entertainment’s bankruptcy and the importance of corporate giving. (STEVE MARCUS/STAFF FILE)
Former mayor on the future of gaming BY J.D. MORRIS | STAFF WRITER
When former Las Vegas mayor Jan Jones Blackhurst began working at Caesars Entertainment about 15 years ago, it was a very different company. ¶ Then known as Harrah’s Entertainment, the company had just moved its headquarters from Tennessee to Las Vegas, so it was, in many ways, the new kid on the block. Since then, Jones JAN JONES BLACKHURST, CONTINUED ON PAGE 15
5.2M
Estimated number of renters nationwide who said they planned to buy houses this year, up 25 percent from last year, according to the Zillow Housing Confi dence Index.
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13,000
Jobs added statewide in February in the leisure and hospitality industries, a 4.1 percent increase over February 2014, according to the state Department of Employment, Training and Rehabilitation.
4/3/15 9:28 AM
2 VEGAS INC APRIL 5 - APRIL 11
CONTENTS PUBLISHER Donn Jersey (donn.jersey@gmgvegas.com)
EDITORIAL
NOTEWORTHY STORIES
05 06 18 Q+A WITH DANIEL MATHIS
The president and CEO of the Nevada Health Care Association talks about what people can do to ensure quality nursing home care, what would improve health care in Nevada and why it’s important to treat people in the service industry and armed forces with respect. THE NOTES People on the move, P4
MEET: BARRE3
Offering a warm and welcoming atmosphere for people trying to get in or stay in shape is as important as the results of this gym’s fitness routines, which use elements of Pilates, yoga and ballet barre work. Taking the time to get to know customers has paid dividends for this business. TALKING POINTS Nevada’s tax system is failing. Here’s why, P7
DATA AND PUBLIC INFORMATION A listing of local bankruptcies, bid opportunities, brokered transactions, business licenses and building permits.
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INVITATION-ONLY CONFERENCE FEATURES HEAVY-HITTING SPEAKERS What do T. Boone Pickens, Andre Agassi, Sir Richard Branson and Ben Bernanke have in common? They are among the more than two dozen speakers scheduled to appear at the seventh annual SkyBridge Alternatives (SALT) Conference May 5-8 at the Bellagio. The conference focuses on global strategic investing, with the goal of navigating risk factors including volatile financial markets and increasing geopolitical pressures. Speakers and presenters will be “thought
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leaders,” public policy officials, business professionals and investors. They’ll represent 40 countries and six continents. Discussion topics will include investing trends in activism, credit and equities; the intersection of business and politics; innovation, science and technology; philanthropy; and cybersecurity. Conference attendance is by invitation only, but people can request one at saltconference.com. Tickets cost from $995 to — ELLEN FIORE $5,750.
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THE NOTES
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Lori Egan, Sherie Rodriguez and Jessica Spurlin are Clark County Credit Union EGAN member services representatives.
RODRIGUEZ
The Japan America Society of Nevada’s 2015 board of directors are chairwoman Kathleen Blakely of Clark County Parks & Recreation; president Sherry Hashimoto of Yesco; vice president Betty SPURLIN Atkins; treasurer Hiroko Godfrey of Kumon Las Vegas-Peccole Ranch; and secretary Eric Guideng of House Guideng. Directors include Mayumi Coffman, Lockheed Martin; Jodie Cohen, Chado Urasenke Las Vegas School; Richard Galin, Gordon Silver; Shizue Hill, Rape Crisis Center; Toko Lee, Nu-Skin Enterprises; and Gary Mamiya, Findlay Honda. Honorary directors include Gayle Anderson, Las Vegas Global Economic Alliance; immediate past president Gerri Schroder, Henderson councilwoman; and Yoshi Nakagawa, Watanabe and Nakagawa Tax Service. Ron Batula is director of human resources at Las Vegas Ski & Snowboard Resort. He previously worked in human resources at Maverick Aviation. Fafie Moore, president and broker/owner of Realty ExBATULA ecutives of Nevada, joined City National Bank’s Southern Nevada advisory board. Barbara Smith Campbell’s Consensus LLC merged with the Ferraro Group, a public relations firm. Campbell, a tax policy expert, will represent the firm’s clients before regulatory agencies. Don Hamrick, general manager of Chapman Dodge Chrysler Jeep Ram, is on the board of directors at Nevada Public Radio. Christopher Burns is an associate professor of biomedical sciences and A. Peter HAMRICK Eveland is associate dean of student affairs and admissions, and a professor of family medicine at the College of Medicine at Roseman University of Health Sciences. Burns helped develop medical and graduate education programs at Central Michigan University, University of Illinois, University of Virginia, Florida Atlantic University and Georgia School of Medicine. Eveland served as associate dean for student affairs, admissions and outreach, and professor of medical education, at California Northstate University. Patty Duffey is chief operating officer, Kesha Dirkson is chief fund development and marketing officer, and Melody Sherrill is chief financial officer of Girl Scouts of Southern Nevada. The Gaming Standards Association 2015 board of directors are returning chairman Adrian
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Marcu, vice president of global architecture and interactive research and development, International Game Technology; vice chairman Mark Pace, vice president of global technical operations, Scientific Games; secretary Klaus Peltsch, director of architecture and emerging technologies, Ontario Lottery Gaming Corp.; and treasurer Keith Wood, vice president of systems design and development, Aristocrat Technologies. Board members are Roman Czubak, Rachel Barber, Byron Bridger, Syed Hussain, David Oh, Shay Segev, Kevin Trombo and Jeanne-Marie Wilkins. Francis Carneiro and David Craig are general manager and assistant general manager, respectively, of Pot Liquor Contemporary American Smokehouse. Ricky White is director of marketing and catering events. The Women’s Council of Realtors Las Vegas honored its Top 25 Women in Real Estate. Honorees were Mary Baca, Dani Bald, Jillian Batchelor, Teri Brenkus, Julie Brown, Leslie Carver, Delinda Crampton, Ellen Fahr, Paige Gross, Laura Harbison, Valentina Herzog, Heidi Kasama, Olga McDowell, Fafie Moore, Linda Naw, Trish Nash, Ashley Oakes-Lazosky, Merri Perry, Joanna Piette, Mary Preheim, Joyce Reed, Iryna Sysenko, Diann Tonnesen, Diane Varney and Brandy White Elk. Loni Gray, national account manager of casinos at Brown-Forman; Heidi Hinkle, director of national accounts for hotels and casinos at Bacardi USA; and Chris Fava, CEO of the Culinary Academy of Las Vegas, joined the Las Vegas Business Academy board of directors. MRG Marketing & Management Inc., a franchise partner of Raising Cane’s Chicken Fingers, hired Dean Bennett as general counsel. Bennett previously served as an outside attorney for MRG. Nik Rytterstrom is general manager of the Luxor. Rytterstrom most recently worked as general manager of the Goldstrike in Tunica, Miss. He replaces Renee West, who will retire April 24. Las Vegas Black Image Magazine honored several people and businesses in the community. Recognized were: Ernest Fountain of New Ventures, Tony Gladney of MGM Resorts International, Fred Keeton of Caesars Entertainment, Larry Ruvo of the Cleveland Clinic Lou Ruvo Center for Brain Health, Yvette Williams of the Black Caucus, author Sonya Horsford, Tiffany Tyler of Nevada Partners Operations, Dr. Mulugeta Kassahun of Urology Specialists, Broadway in the Hood founder Torrey Russell, the Rev. Robert Fowler, Edmond Town Center owner John Edmonds, educator Patti Hester, filmmaker Stan Armstrong, Rainbow Dreams Academy owner Diane Pollard, philanthropists Bubba and Kathleen Turner Knight, Jim Koonce and Channel 13, author Brenda Williams, Mark Ficarra and the Las Vegas Review-Journal, UNLV archivist Claytee White, gaming and labor expert Terry Johnson, supporters of historically black colleges and universities Paul and Sue Lowden, activist Sheila Collins, McDonald’s owners and operators, Community Garden of Las Vegas founder Rosalind Brooks, Nicole Lise and Cory Enus of the Southern Nevada Water Authority, Jamaal McCoy of Findlay Chevrolet and community advocate Trisha Geran. Special entertainer honors went to Larry Blackmon of Cameo and original Temptations member Otis Williams. MGM Resorts International, the Cosmopoli-
tan and Zappos.com were included on the list of Achievers’ 50 Most Engaged Workplaces in North America. Companies were recognized for displaying leadership and innovation in engaging their workplaces in such areas as communication, culture, rewards and recognition, professional and personal growth, accountability and corporate social responsibility. A Mayo Clinic “telestroke” program is available at all three campuses of Dignity Health-St. Rose Dominican Hospitals. Telestroke robots enable stroke patients to be seen in real time by neurology specialists at the Mayo Clinic in Phoenix. The CareMeridian 4kids Inpatient Post Acute Nursing and Rehab Facility for Children opened at 7690 Carmen Blvd., Las Vegas. The facility includes a rehab gym, two hydrotubs, outside play areas and more. The 21,000 square-foot facility has 35 beds. Cream, a gourmet ice cream shop, opened its first outlet outside of California at Downtown Summerlin. The Las Vegas Global Economic Alliance formed the LVGEA Community and Economic Research Council to sponsor and expand community research. The council includes Applied Analysis, 8 News NOW, Wells Fargo, Nevada State Bank and Cox Communications. Phase 1 at Canyon View, a $7.8 million, 5-acre community with 36 single-family homes on Jones Boulevard just north of Windmill Road, is open. Maverick Helicopters re-signed a multiyear contract with Las Vegas Motor Speedway to continue to be the exclusive helicopter operator for events at the complex. Desert Radiologists earned a 2015 Employee Voice Award from Quantum Workplace. The firm was selected in the Raising Engagement category. Desert Radiologists was the only Nevada recipient of the national accolade this year. Southwest Medical Associates opened a health center at 10105 Banburry Cross Drive, Suite 150, Las Vegas. The center offers senior wellness exams, primary and preventive care, blood glucose tests, bone mineral-density tests, flu/pneumonia vaccines, urinalysis testing and radiology. MGM Resorts International was recognized by the U.S. Environmental Protection Agency for food recovery efforts. The company received two national Food Recovery Challenge awards for reducing food waste and was named a Top Corporation for Women’s Business Enterprises by the Women’s Business Enterprise National Council. Hospital Corporation of America, a health care provider with 166 hospitals and 113 surgery centers in 20 states and the United Kingdom, for the sixth consecutive year was named a World’s Most Ethical Company by the Ethisphere Institute. HCA has eight facilities in Nevada. FirstService Residential is providing HOA management services for Traverse Point Condominiums off of Stephanie Street and Wigwam Parkway in Henderson. Allegiant Air is offering discounts and incentives through PlayStudios’ MyVegas games, available for mobile devices and on Facebook. Batteries Plus Bulbs opened at 2546 E. Craig Road, North Las Vegas.
4/3/15 9:26 AM
5
THE INTERVIEW
VEGAS INC
Send your business-related information to news@vegasinc.com
APRIL 5 - APRIL 11
Q&A WITH DANIEL MATHIS
When it comes to health care, Nevada needs more of just about everything In 2012, Daniel Mathis became president and CEO of the Nevada Health Care Association, a nonprofit organization that works to improve the quality of care in Nevada’s nursing homes. Among his duties: advocating for the organization’s member institutions to legislators in Carson City. The Nevada Health Care Association has grown significantly over the past year. What is the expected growth over the next few years? We expect to represent post-acute care providers in Nevada to help improve care in the state. With the passing of the IMPACT 14 legislation in Congress last fall, we are drawn together more than ever and will be measured by the quality of care we deliver. How has care in nursing facilities changed over the past year? Our quality measures have improved across the state. One reason has been the evidence-based education we’ve been able to provide, specifically targeting facilities that weren’t performing as well as others. One example is the improvement of the Minimum Data Set (MDS) accuracy rate for such facilities in Nevada from 74 percent to 82 percent. The MDS is part of the federally mandated process for clinical assessment of all residents in Medicare or Medicaidcertified nursing homes. This process provides a comprehensive assessment of each resident’s functional capabilities and helps nursing home staff identify health problems. We still have much work to do, but we’ve been making solid progress recently. What does the NVHCA Perry Foundation do? The Perry Foundation analyzes compliance and “Online Survey, Certification and Reporting” (OSCAR) data and then formulates specific education for providers. Sometimes education is engineered specifically for a single provider when asked. How can people advocate for better nursing home care? Consumers can affect care in a postacute setting by participating in the provider’s care plan programming and having open communication with the caregivers. People who want to advo-
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sion this year. What would improve health care in Nevada? Medicaid and Medicare rate increase for providers would be the biggest thing, as well as training and education for providers on how to improve the quality measures already in place. We need more clinicians, including nurses and therapists. What is the most challenging part of your job? Getting consensus with providers. Now that we represent more than just Nevada’s skilled nursing and assistedliving providers, getting folks to agree Daniel Mathis has little time for pleasure on how to implement the changes comreading these days, with the state legislative pelled by the Affordable Care Act is session in full swing. (COURTESY) troubling to all providers in different ways.
“In a health care facility, the people who work in the laundry and housekeeping departments are often forgotten until there is an issue. In a facility, the administrator or director of nursing can have a bad day without much impact. If the laundry goes down, the entire facility feels it immediately.”
cate for residents or patients in a postacute care setting such as local nursing homes should focus on outcomes or quality measures. In looking at the data and knowing the reimbursement history for Medicare and Medicaid, what needs to happen is obvious. We need to increase the reimbursement rate the state provides to such facilities, which is something we are encouraging state leaders to do during the legislative ses-
What has been the most rewarding part of your job? Success in improving how Nevada is ranked nationally in health care. I also enjoy meeting the providers and consumers, especially in educational forums, and seeing the “light” come on for them when we discuss quality of care and related issues. What are you reading right now? I have been reading mainly proposed legislation. I am looking for my next read. More than likely, it will be a biography or historical book. I also read some science fiction on summer vacation. What do you do after work? Work! I enjoy target practice, water sports, motorcycle riding and hunting, for the most part. With three kids in college and one in high school, most of my activities are in support of their activities. Blackberry, iPhone or Android? Android. Describe your management style. Chaotic mostly, with lots of inter-
ruptions. I will set an expectation for employees, and it is up to them to figure out how to get it done. My style has changed from when I ran skilled nursing facilities to what I do now. Trying to get consensus on an issue is different than directing care as a provider. I am more of a shepherd now than a dictator, when I was responsible for hundreds of souls, including employees and residents. Where do you see yourself and the association in 10 years? Doing exactly the same job, improving care here in Nevada. What is your dream job, outside of your current field? A hunting and fishing guide or motorcycle instructor. Whom do you admire and why? Gov. Brian Sandoval. His commitment to health care and behavioral health in Nevada is great. With his support, Nevada can raise its standing nationally. What is your biggest pet peeve? How some people treat service employees or members of the armed forces. It amazes me how poorly some people treat the ones who make our lives better. In a health care facility, the people who work in the laundry and housekeeping departments are often forgotten until there is an issue. In a facility, the administrator or director of nursing can have a bad day without much impact. If the laundry goes down, the entire facility feels it immediately. What is something people might not know about you? I surf on Lake Mead in the summer and consider myself a pretty good cook. Anything else you want to tell us? I like to say, “Everyone has two stories, a motorcycle story and a nursing home story, both ending poorly. I’m trying to change that.”
4/3/15 9:25 AM
6
GET TO KNOW A LOCAL BUSINESS
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APRIL 5 - APRIL 11
$7 MILLION
Net income reported by American Casino & Entertainment Properties LLC, parent company of Arizona Charlie’s and the Stratosphere, in 2014. In 2013, the company lost $15.1 million.
$500,000
Minimum amount that foreigners need to invest in U.S. business operations to obtain a U.S. visa as part of the U.S. Citizenship and Immigration Services’ EB-5 program.
$3.1 MILLION
Amount spent by Las Vegas during its five-year partnership with developer Cordish Cos. trying unsuccessfully to build a stadium or arena in Symphony Park.
4,000
Workers at MGM Grand covered by a tentative contract agreement between the company and the Culinary and Bartenders unions.
386,400
Southern Nevadans who work in the tourism industry, according to the Las Vegas Convention and Visitors Authority. That’s 43 percent of the region’s workforce.
20
Additional large conventions that the LVCVA says could come to Las Vegas if its proposed Global Business District comes to fruition.
3.2 MILLION
Passenger count at McCarran International Airport in February, a 2.9 percent increase over the same month last year and the fifth-best February on record.
26.4 PERCENT
Share of Southern Nevadans with underwater mortgages in the fourth quarter of 2014, down from 35.1 percent a year ago, according to Zillow.
474
New homes sold in Southern Nevada in February, according to Home Builders Research, up 9.5 percent from a year earlier.
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Jackie Edlund owns Barre3, a studio that offers group fitness classes that combine yoga, Pilates and ballet barre work. (STEVE MARCUS/STAFF)
Sense of community drives business Describe your business.
We are a boutique fitness studio offering group fitness classes. Our classes are a unique combination of yoga, Pilates and ballet barre work. What makes Barre3 classes different than most Pilates classes?
BARRE3 Address: 120 S. Green Valley Parkway, Suite 194, Henderson Phone: 702-754-0290 Email: henderson@barre3.com Website: barre3.com Hours of operation: 6 a.m.-7 p.m. Owned/operated by: Jackie Edlund and barre3 In business since: 2012
We use hand weights and limited props and apply a signature three-step sequence to every posture. This includes an isometric hold to really fire the muscles, one-inch movements that allow you to maintain the intensity of the hold for longer, and then large-range movements that flush out the muscles and rev the metabolism. Finally, we stretch to create long, lean muscles. How does this Barre3 location compare with other locations throughout the country?
All barre3 locations are unique, while still maintaining an aesthetic and ethos distinct to our brand. Henderson barre3 has a warm and welcoming feel and is a tight-knit community. The studio is bright and airy with lots of natural light. It’s a place where you feel good the moment you walk through the door. Who are your customers?
We pride ourselves on having all ages and fitness levels in class. You might see a daughter, mother and grandmother in the same class. Although most of our clients are women, we love having guys in class, too. We offer childcare at our studio, so we have a lot of moms. We love helping moms take 60 minutes out of their day for selfcare.
What makes your business unique?
We take the time to learn each client’s name and to connect with him or her before class. We help everyone in class feel successful whether they have an injury or are pregnant or just coming back from childbirth. What is your business philoso-
phy?
Work smarter, not harder. What is the best part about doing business here?
Las Vegas provides a large talent pool for hiring instructors. There are so many professional dancers and performers in this city. They move their bodies with such awareness that it elevates the quality of our classes. What obstacles has your business overcome?
We opened our doors in 2012 in a depressed economy. We had to fight to prove to our clients that we are worth the extra expense when many people were concerned about spending on nonessentials. How can Nevada improve its business climate?
I moved here from Washington state, where there were so many staple companies around — Microsoft, Amazon, Starbucks and Boeing. We need to encourage that kind of creativity and innovation here. What have you learned from the recession?
Recession is not permanent; it eventually lifts. If you just stick with it and do right by your clients, you will make it through.
4/3/15 9:24 AM
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TALKING POINTS Send your business-related information to news@vegasinc.com
READER COMMENTS We want to hear from you. Visit vegasinc.com to post your opinion.
On J.D. Morris’ vegasinc.com story “Gaming regulators scold Caesars, calling company’s bankruptcy an embarrassment”: The stockholders should have long ago removed the board of directors and senior management who drove this company into the ground. The worst thing going is the bonuses handed out to management while the company is teetering on bankruptcy. — MAR100A I wonder if Caesars has lowered the odds on their slots to make up revenue. Take a little here, a little there. — jmurph0936 On Eli Segall’s vegasinc.com story “Las Vegas home prices leave wage growth in the dust”: Las Vegans love to babble on about old Vegas. Well, history will repeat itself ... KA-BOOM. — GeoBushwacker
VEGAS INC APRIL 5 - APRIL 11
Nevada’s tax system is failing. Here’s why
G
tax requires the state to grow for revenue to ov. Brian Sandoval said it. The GUEST COLUMN: stay constant. Chamber of Commerce is sayBILL ROBINSON General fund revenue, therefore, tends ing it. Democrats are saying it. to fall behind growth in population and Republicans are saying it. incomes. That’s a structural problem. Saying what? The tax system in Nevada Taxes are out of sync with spending, even if you have no new needs reform. spending. Why now? My mentor, Reuben Zubrow, did a study in The second change was in the gaming industry. 1960 which the Nevada Legislature used to build a tax When Zubrow designed the system, the Las Vegas econsystem that was simple, stable and synchronized with the omy centered on casinos; gaming dominated. Over several budget. For two decades, it funded our state effectively on decades, however, the model has shifted to entertainment three legs: property, sales and gross gaming revenue taxes. companies with casinos attached. Gaming dollars per tourist It was designed to collect lots of taxes from folks who live continue to drop, weakening the gaming tax leg of our system. outside Nevada. To the two not-so-strong revenue legs, the Legislature Starting in the 1970s, however, things changed in two added over the years a cobbled-together third leg, a disways. jointed assortment of increased fees and specialized taxes, First, in 1978, California passed Proposition 13, which limincluding the modified business tax, live entertainment tax ited property taxes. Afraid of a similar tax revolt coming to and real property transfer tax. Nevada, the Legislature passed reforms in 1979 and 1981 that What legislators haven’t done is analyze who we are and significantly cut property taxes and raised sales taxes. The decide what we want to be as a state. Only then can we deterresult of this tax shift was a general fund largely dependent mine the best tax system. on two legs — sales and gross gaming taxes, with reduced Zubrow told us the system must be changed as the state property taxes shifted to schools, counties and cities. changes, but we’ve failed to listen and act for 55 years. Now In 1988, a study by Price Waterhouse outlined the conseseems to be the time. quences of the shift. Sales taxes are less stable than property Bill Robinson is an assistant professor of economics at Lee taxes, and Nevada’s sales tax is unusual in that its base is narBusiness School at UNLV. row because of numerous exemptions. The result: Our sales
SMITH’S WORLD
Mike Smith is an award-winning editorial cartoonist who also draws for the Las Vegas Sun. His work also is distributed nationally by King Features Syndicate. See archives of his work at lasvegassun.com/smithsworld.
Bubble 2.0 ... this should be interesting to see how this ends in a couple of years. You guys do realize there is endless space to build homes in Nevada. Just go to the tallest casino and look out the window. — FaWilliams On Adwoa Fosu’s vegasinc.com story “Skancke will resign as leader of Las Vegas Global Economic Alliance”: Lots of buzzwords, but what does this organization actually do? — Ned Day
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4/3/15 9:25 AM
8
YOUR BUSINESS-TO-BUSINESS NEWS
VEGAS INC APRIL 5 - APRIL 11
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A home at the Desert Garden condo complex, 1720 W. Bonanza Road, sold for $10,000 in 2014, the cheapest resale in the area last year. The estate at 99 Hawk Ridge Drive in Summerlin sold for $8 million, the most expensive resale in the area last year. (LEFT: ELI SEGALL/STAFF; RIGHT: COURTESY)
A tale of two ‘bargains’: BY ELI SEGALL STAFF WRITER
At the base of Las Vegas’ western mountain range, a mansion in the Ridges, one of the wealthiest and most exclusive areas of town, has a movie theater with a 15-foot screen, a fitness room, a 4,600-square-foot guest house and a sleek pool area fit for a boutique hotel. The compound sold for $8 million cash last year — the most expensive resale in the valley in 2014. “That’s the most expensive house I’ve ever sold,” listing broker Gavin Ernstone said. Across town, near of Martin Luther King Boulevard and Bonanza Road, the run-down Desert Garden condominium complex has boarded and barred windows, dirt courtyards and a dirt-filled swimming pool. Unit No. 116, a two-level, 776-square-foot home with two bedrooms and one bathroom, sold for $10,000 cash last year — the cheapest deal in the valley. Listing agent Dave Gill said it was probably the cheapest home he’s sold in his 20-year career. “That was an eyesore,” he said. In Southern Nevada, previously
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owned single-family homes sell for a median $200,000, and condos and townhouses for $105,000, according to the Greater Las Vegas Association of Realtors. But above and below these middle-grounds, buyers spend huge and minuscule amounts for properties in luxurious and hardscrabble communities. Here’s a look at the two extremes of last year’s sales range, as reported by the GLVAR. And in some ways, both deals were bargains. 99 HAWK RIDGE DRIVE, LAS VEGAS Built in 2008, this Summerlin estate boasts more than $1.5 million in electronics alone. The main house is almost 8,900 square feet, with eight bedrooms, 10 bathrooms and a sevencar garage. Amenities include outdoor lounges with fire pits; a fire-breathing iron dragon; an outdoor, oversized chess board; a two-level office; floor-toceiling windows; a refrigerated wine cellar with glass doors next to the dining room; and paintings and other art. “It is definitely a resort-like property,” Ernstone, owner of Simply Ve-
One Las Vegas home sold for $8M, the other for $10K
gas brokerage, said. The sellers spent $16 million building and furnishing the estate, Ernstone said, or twice what they sold it for last August. It was listed for just under $9 million in 2013, GLVAR records show, so the buyer — health care executive Eric Moskow — got an 11 percent discount off the price tag. The second-most expensive resale in the valley last year was a distant second — $4.35 million in Henderson’s MacDonald Highlands community, according to Ernstone. 1720 W. BONANZA ROAD #116, LAS VEGAS Desert Garden, a sprawling collection of two-story condos near the Spaghetti Bowl, has seen better days. The property is shabby and in disrepair, with chipped and discolored stucco and tiles, warped wood, boarded windows, dirt courtyards and an entry roadway laced with cracks. The homeowners association is basically broke and can’t afford to keep the place up, according to Gill, an agent with Realty One Group. The HOA filled the pool with dirt and scrapped
the on-site child care, he said. Many units are owned by investors who don’t bother paying HOA dues, Gill said. On top of that, more than a few tenants skip rent, sometimes abandoning their condos mid-lease. “They don’t care,” Gill said. “They walk out after three months.” Gill chuckled at the tiny sales price of unit No. 116 — “I’m probably embarrassed to put that on my record,” he said of the transaction. But what’s even more eye-opening than the small price tag is what it sold for during the bubble last decade. In a sign of just how bloated Las Vegas’ real estate market became, county records show that unit No. 116 sold for $62,500 in spring 2004 and then $82,000 in early 2007 — a 31 percent price jump in less than three years. The peak buyers, husband-andwife investors from California, sold the condo last January to other California investors at an 88 percent loss from their 2007 purchase price. And in true Vegas fashion, the new owners already flipped the home. The investors sold it for $17,043 — 70 percent above what they paid — last June to another buyer from California.
4/3/15 9:24 AM
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YOUR BUSINESS-TO-BUSINESS NEWS Send your business-related information to news@vegasinc.com
VEGAS INC APRIL 5 - APRIL 11
Wynn says she knew nothing about nephew’s land deal BY J.D. MORRIS STAFF WRITER
Elaine Wynn, maintaining her fight to stay on the board of Wynn Resorts, said the company’s latest accusations against her are a factually baseless ploy to instigate tension between her and stockholders. In an attempt to “set the record straight,” Elaine Wynn wrote a letter to stockholders in which she rejected recent claims from the company, including that she should have recused herself from certain discussions about acquiring land and that her personal foundation sold stock at an inappropriate time. Wynn Resorts told stockholders Elaine Wynn has launched a campaign with stockholders to retain her seat on the late last month that Elaine Wynn, the board of directors of Wynn Resorts. (STEVE MARCUS/STAFF FILE) ex-wife of CEO Steve Wynn, particishares.” She said the company was not only did I have no knowledge of pated in meetings “over the course “fully aware” that the foundation or involvement in this land deal, but of several years” that involved plans sells shares each year, with the proany such action to help my nephew’s to possibly acquire more land on ceeds going to philanthropy. group would actually have been dithe Strip. That land, where the New Wynn said the Wynn Las Vegas rectly contrary to my own financial Frontier once stood, eventually was general counsel knew the foundainterests since my net worth is linked acquired by a group that includes tion was selling shares during the to the success of Wynn Resorts,” she Elaine Wynn’s nephew, former Wynn blackout period “and in fact sent an said. Resorts executive Andrew Pascal. instruction letter to the company’s The company also accused Elaine While the company suggested transfer agent to help consummate Wynn of taking the view that “her Elaine Wynn should have recused such sale.” personal foundation is not subject to herself from those talks, she said she “The sudden suggestion that this the company’s insider trading policy” had no reason to do so because she sale is somehow improper is a basewhen the foundation sold $10 million didn’t know her nephew was involved less allegation to distract stockholdof stock during a blackout period just in a competing bid. ers from the important issues at before company earnings were anShe said she twice told independent hand,” she wrote in the letter. nounced. directors that she was unaware of the One of Wynn’s central arguments Elaine Wynn told stockholders that land purchase and that the board was against her removal has been that she the suggestion of a conflict of interest attempting to oust her over reasons is the only female board member, and there was “wholly without merit.” “made up out of the whole cloth.” thus provides a crucial perspective. She noted that her foundation is an “This allegation is just another Wynn Resorts tried to dismiss that independent organization run by its example of the reckless lengths to concern by promising stockholders own board and operating on a “longwhich the board is willing to go to exthat it would name “one or more distanding protocol” in which she is clude me as a director,” she wrote in verse directors” to the board by the recused from “all foundation matters the letter. end of the year. relating to its ownership of company “The absurdity is, of course, that
But Elaine Wynn essentially said that promise was too little, too late and that the board’s actions “belie this new-found commitment to diversity.” If the board really valued diversity, it would have added more women to its ranks in recent years, she said. Another main point of contention has revolved around a lawsuit Elaine Wynn filed against Steve Wynn over a stockholder’s agreement that limits her ability to sell shares. The company says the suit interferes with her work in the boardroom; she says it doesn’t. The company said that when a board committee was looking at restructuring Steve Wynn’s compensation, Elaine Wynn sought an amendment to the agreement to increase the amount of stock she can sell. But Elaine Wynn said she supported her ex-husband’s equity compensation package and noted that he couldn’t sell stock without her consent under the agreement. “All I did was reject a suggestion that Steve be given one-sided relief from the consent requirement while I remained fully bound; instead, I preferred to reach a mutual global resolution,” she wrote in the letter. A Wynn Resorts spokesman said the company stood by its communication with stockholders. The public feud between Elaine Wynn and Wynn Resorts has been playing out ever since the company revealed several weeks ago that it wouldn’t renominate her to the board. She then launched her own campaign to keep her seat. The fight will come to a head at an April 24 stockholders’ meeting.
Las Vegas home prices leave wage growth in the dust BY ELI SEGALL STAFF WRITER
Las Vegas’ soaring home prices outpaced wage growth at one of the fastest rates in the nation the past few years, a report shows. The average weekly wage in Southern Nevada in the second quarter last year was $825, up just 2.2 percent from two years earlier. But the median sales price of homes shot up 30 percent in the two years ending December 2014, to $165,500, according to RealtyTrac.
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Housing prices outpaced earnings here at the 17th-fastest rate in the country, by a ratio of roughly 14 to 1, the company found. The fastest pace was in Merced, Calif., where weekly wages rose by just $2 in two years, to $669 — an increase of 0.3 percent — but home prices jumped 42 percent, to a median $177,000. Nationally, wages rose 1.3 percent to $782 per week, and home prices climbed 17 percent to $183,000. The findings highlight the uneven economic recovery in Las Vegas and
around the country after the worst recession in decades: After the economy collapsed, home prices eventually rose again amid rock-bottom interest rates and insatiable demand from bargainhunting investors, all while workers’ wages have largely stayed flat. RealtyTrac, based in Irvine, Calif., analyzed 184 metro areas for the report using U.S. Bureau of Labor Statistics data and local property records. The company looked at housing prices in a different time gap than wages because, it said, changes in pay
might take at least six months to affect home prices. In Las Vegas, investors pulled the once-battered housing market from the depths of the recession by picking up cheap homes in bulk to turn into rentals. Sales prices rose at one of the fastest rates nationally, raising fears of another possible bubble. But investors have been pulling back amid rising prices they helped create and a crowded rental market, triggering a slowdown in sales and price-growth valleywide.
4/3/15 9:23 AM
10 VEGAS INC APRIL 5 - APRIL 11
YOUR BUSINESS-TO-BUSINESS NEWS Send your business-related information to news@vegasinc.com
Gaming regulators scold Caesars Entertainment, calling company’s bankruptcy an embarrassment BY J.D. MORRIS STAFF WRITER
To get a sense of just how complicated the bankruptcy of Caesars Entertainment’s main operating division is, picture a Chicago courtroom filled with 200 lawyers, all working on the case. That’s a real situation Caesars faced recently, general counsel Tim Donovan told gaming regulators. Donovan said Caesars was paying for many of those lawyers, who represent the company and creditors. Since the operating division sought bankruptcy protection in midJanuary, hoping to eliminate about $10 billion in debt, the case has mostly played out in Chicago, where it was filed. The High Roller was a point of contention recently when Caesars Entertainment But Caesars executives had to ap- executives came before the Nevada Gaming Commission. (STEVE MARCUS/STAFF FILE) pear before the Nevada Gaming bankruptcy. would not get off easy in future reguCommission for approval of some According to Donovan, “almost latory meetings. routine matters in late March, and nobody is happy” in the bankruptcy Hession said the 2008 levercommissioners used it as an opporproceedings. aged buyout that the company went tunity to get a detailed look into the “It’s not at all a pleasant experithrough, which saddled it with bilbankruptcy. ence,” he said. lions of dollars in debt, was “spectacSo for around two hours, DonoDozens of Caesars’ retired emularly poorly timed.” Caesars could van and his colleague, Caesars Chief ployees have been made particularly have been able to pay off the debt, Financial Officer Eric Hession, preunhappy. As revealed in recent mewere it not for the financial downsented information and answered dia reports, 63 former employees turn that plagued the country shortly questions related to the financial restopped receiving payments because afterward. structuring of the operating division, their retirement plans are considered As the recession battered the caCaesars Entertainment Operating unsecured debt. sino industry, Hession said the comCo. Donovan told the commission that, pany tried a number of financial The picture painted by Hession while the overwhelming majority maneuvers to keep itself sustainable and Donovan was one of a struggling of its retirement plans were not afbut eventually realized it could not company, victimized by the recesfected by the bankruptcy case, some proceed without restructuring the sion, fighting through Byzantine supplemental plans from past acquioperating division. legal proceedings with the hope of sitions had fallen into a different catThat restructuring is highly ineventually emerging as a stronger egory. They’re not benefits offered to volved on its own, but it’s further entity. And although commissioners the general employee population and complicated by a group of lawsuits were somewhat receptive to the comnot benefits offered to unionized emchallenging some of Caesars’ busipany’s woes, they had harsh words for ployees, he said, but are rather “unseness transactions leading to the the executives, suggesting Caesars
cured contractual obligations.” The company can’t legally continue making payments under those plans, and it won’t be able to get a judge to change that, so its hands are tied, according to Donovan. Commission Chairman Tony Alamo called the bankruptcy case an embarrassment to Caesars and the state of Nevada. He was especially concerned about the retirement plans, and expressed a desire to do something about it, but he acknowledged that the commission itself couldn’t get in the way of the bankruptcy case. Similarly, Commissioner John Moran, who was skeptical that Caesars continued to pay bonuses to executives while heading toward bankruptcy, was not pleased about the restructuring. “It’s one of those kinds of sandwiches that nobody wants to take a bite out of,” he said. “It’s very distasteful, and it’s very embarrassing for the corporation to have to go through this.” Commissioner Randolph Townsend also was frustrated by Caesars’ business choices. “Some of the decisions this company has made over time are completely perplexing. Can we not build any more Ferris wheels for a while?” he said, referring to the company’s High Roller observation wheel on the Las Vegas Strip. Despite the commissioners’ criticism, there was little they could do other than weigh in verbally. However, Alamo noted that they would get “a second bite of this apple” later, when elements of the restructuring will likely require regulatory approval.
Official: State failing to meet cash reserve requirement BY CY RYAN STAFF WRITER
Gov. Brian Sandoval’s administration might be in danger of not meeting a requirement that the state have a cash reserve in the treasury of a 5 percent balance at the end of this fiscal year. Jim Wells, interim director of the state Department of Administration, told the Senate Finance Committee that the reserve rate would be 4 per-
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cent, or $34.5 million short of the required reserve as of June 30. Sen. Ben Kieckhefer, chairman of the committee, said there is no penalty for failing to meet the 5 percent mark. But he’s worried this could affect the bond rating of the state. And it means Nevada would start in the hole next fiscal year. Sen. Pete Goicoechea, R-Eureka, said the picture for this fiscal year was “not good.”
One bill being debated in the Legislature that could help fill the gap, Senate Bill 505, would suspend for two months the state’s payments into the medical insurance program for state workers. That would save $17 million this fiscal year but would not affect medical coverage for workers and their families, Wells said. In Senate Bill 506, $9.4 million would be taken from the reserve of the home retention fund in the De-
partment of Business and Industry to help supplement the reserve. The Sandoval administration intends to strip $7 million from the Catalyst Fund used to spur economic development. Wells said, however, that money was being included in the new budget that begins July 1. Other agencies are being stripped of expected extra money in an attempt to meet the 5 percent cash reserve required by law.
4/3/15 9:23 AM
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YOUR BUSINESS-TO-BUSINESS NEWS
VEGAS INC
Send your business-related information to news@vegasinc.com
APRIL 5 - APRIL 11
JAN JONES BLACKHURST, FROM PAGE 1
‘If you don’t have that Internet channel, you’re going to begin to impede your growth’ Blackhurst has seen Caesars expand dramatically. It’s now a corporate giant on the Strip and in the broader global casino industry. As executive vice president of communications, government relations and corporate responsibility, Jones Blackhurst is responsible for growing the company’s corporate philanthropy work. Her achievements recently earned her a 2015 CSR (Corporate Social Responsibility) Professional of the Year award from PR News. Jones Blackhurst recently spoke with VEGAS INC about Caesars’ corporate social responsibility and other gaming industry issues, including the bankruptcy restructuring of Caesars’ largest operating division. Why is corporate philanthropy and social responsibility important? When you really make philanthropy a business principle and not a niceto-have but a must-have core to your business strategy, it changes the way you approach citizenship. Our employees are a big part of our corporate responsibility, as well. Our employees give back tens of thousands of hours every year in philanthropic work and volunteerism in the community. So it becomes something that every tier of the organization embraces, from the executive suite all the way down through the entire company. I think that’s what really differentiates us — that this is core to our culture. It’s who we are, it’s how we think about our world and our communities. Right now, we’re going through the one division that’s restructuring, and it still hasn’t changed who we are and how we give. Online gaming hasn’t done so well in Nevada and New Jersey. What do you think is missing that would make it a success? In Nevada, only poker is legal. And with a population of 3 million, you just don’t have the liquidity to make that a particularly viable game. People like lots of players; that’s what makes playing poker fun. In New Jersey — and I think this is a really important distinction —
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It’s time. So you support the governor’s tax proposal? Yes, I do. Strongly. The beauty of the governor’s tax proposal is it’s a broad-based tax. So everybody, all businesses in Nevada, share in the cost of education. For a long period of time, the biggest funder of all of the general fund has been the gaming industry. We’re happy to pay, because we’re a big corporate citizen, but we think everyone should care about education. The governor’s tax proposal is very fair. We’re happy to pay our fair share of that. An attendee at last year’s Global Gaming Expo tries the Ozone slot machine last year. (L.E. BASKOW/STAFF FILE)
the regulators there really wanted to make sure that consumer protections worked, that they could control geolocation and that they could keep players outside of New Jersey off the Internet. So they dialed the degree of difficulty of getting online very high, because they wanted to make sure that when they really did go live in a broader way, when they said they regulated it, that in fact that was the case. And that is the case. So I think you’ll now see that market start to grow. Also, you had to get the banks and the credit card companies and others to feel comfortable supplying credit for the games. So I think it’s a process, but I truly believe that the gaming industry, like any other retail entertainment industry, if you don’t have that Internet channel, you’re going to begin to impede your growth. Is Caesars doing anything to push back against the latest Congressional effort to ban online gaming? Yes, we’re watching that. We think it would be a huge mistake and a disservice to the industry. It does nothing to impede illegal play, which is rampant in the United States today. More than $2 billion or $3 billion worth of illegal play takes place all the time, it’s just there’s no benefit to the United States and there’s no protections for American consumers.
Where do you see Caesars casinos in a decade? One of the most important changes the industry is going to have to make is the type of games offered on slot machines. The slot machines we have today just are of no interest to a younger demographic. You’re going to see continued evolution of hospitality offerings. And younger customers care about the standards corporations set for themselves. We already do it, but I think everyone’s going to have to see that’s really important to attracting the customers of the future. What will slot machines look like in the future? I don’t think they’re solitary. I think they’re games players can play in groups, the same way they play games in groups now. I think it’s entirely different icons. I think it’s much more game-oriented than necessarily just watching numbers spin. It’s more interactive, it’s less solitary, it’s more social. What is happening during the legislative session in Carson City this session that you have your eye on? Money for education. If we don’t fix our education, if the Legislature doesn’t see that the future of the industry is in the quality of our workforce and invest in education, then the industry is going to have an issue.
How does Caesars plan to grow, and does the bankruptcy muddy that up? Oh, I don’t think it muddies it up at all. I think it just slows it down. We’re still looking at different projects and legalization in Asia. There’s still Internet poker legislation in other states. So I see growth opportunities for both the industry and for Caesars as a company. How is your work affected by the restructuring of Caesars Entertainment Operating Company? From a broad communications perspective, it’s very important that customers know we’re open for business and there will be no impact whatsoever on the level of service or the entertainment they receive while we’re in the restructuring. It’s also very important that our employees feel confident that the same applies to them, working with vendors and others, so there’s a high level of comfort and people know what’s going on so they can continue to provide the service or come to us for entertainment in a very normal manner. If I’m an employee at one of the casinos that’s part of the bankruptcy, should I worry the casino might not be owned by Caesars at the end of the bankruptcy? It might not be owned by Caesars, but I think very likely it would be managed by Caesars.
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YOUR BUSINESS-TO-BUSINESS NEWS
VEGAS INC
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APRIL 5 - APRIL 11
Calendar of events MONDAY, APRIL 6 Nevada Republican Men’s Club luncheon with Attorney General Adam Laxalt Time: 11:30 a.m.-1 p.m. Cost: $30 for members, $35 for nonmembers Location: Cili at Bali Hai Golf Club, 5160 Las Vegas Blvd. South, Las Vegas Information: Visit republicanmensclub.com Nevada Attorney General Adam Laxalt will be the guest speaker.
Pace, senior partner at Stewart Archibald & Barney; and Joe Wyatt, founder and chief operating officer at L/P Insurance Services Inc., will discuss how to buy and sell a business.
Representatives of U.S. Green Building Council Nevada Chapter, Green Our Planet, Desert Research Institute, Green Alliance and other sustainability organizations will outline their plans.
Institute of Real Estate Management meeting Time: 11:30 a.m.-1 p.m. Cost: $35 for members, $45 for nonmembers, $45 at the door Location: Panevino Restaurant, 246 Via Antonio Ave., Las Vegas Information: Visit lasvegasirem.org
Clark County Association of Health Underwriters meeting Time: 11:30 a.m. Cost: $30 for members with RSVP, $35 for members at the door; $40 for nonmembers with RSVP, $45 for nonmembers at the door Location: Sierra Gold, 6515 S. Jones Blvd., Las Vegas Information: Visit clarkcountyahu.org
Don Giancursio, CEO of United Healthcare’s Nevada operations, will be the presenter.
Marketing experts Bob and Cheryl Thode will discuss engagement marketing using social media.
TUESDAY, APRIL 7 Society for Marketing Professional Services luncheon Time: 11:15 a.m.-1 p.m. Cost: $35 for members, $50 for nonmembers Location: Maggiano’s Little Italy, 3200 Las Vegas Blvd. South, Las Vegas Information: Email Heather Brown at hbrown@ innovanv.com Anita Ross of National Security Technologies will explain the procurement process at the Nevada National Security Site.
April Showers of Business Growth expo Time: 6-9 p.m. Cost: Free, tickets available at Suncoast Location: Suncoast, 9090 Alta Drive, Las Vegas Information: Email Paula or Sylvester Jackson at lvbnmlasvegas@aol.com Agents, consultants, distributors and sales representatives will be available to answer questions for people interested in startup businesses.
WEDNESDAY, APRIL 8 Air and Waste Management Association monthly luncheon Time: Check-in begins 11:15 a.m. Cost: $25 for members, $30 for nonmembers, $35 at the door, $10 for fulltime students Location: Cili at Bali Hai Golf Club, 5160 Las Vegas Blvd. South, Las Vegas Information: Visit nvawma. org
“Nevada’s Clean Energy Economy: How Clean Energy is Creating Jobs in Nevada” Time: 11:30 a.m.-1 p.m. Cost: $50 for early bird tickets, $60 at the door Location: MGM Conference Center, 3799 Las Vegas Blvd. South, Las Vegas Information: Visit lvgea.org Speakers and panelists include U.S. Sen. Harry Reid; Tom Skancke, CEO of the Las Vegas Global Economic Alliance; Stacey Kusters, vice president of renewable energy and origination at NV Energy; James Hughes, CEO of First Solar; and Cindy Ortega, chief sustainability officer at MGM Resorts International.
FRIESMUTH
Business First breakfast series: Buying and Selling a Business Time: 7:30-9 a.m. Cost: $18 Location: Orleans, 4500 W. Tropicana Ave., Las Vegas Information: Visit nevadabusiness.com A panel featuring Gian Brown, of counsel at Holland & Hart; Katrina Loftin Winkel, managing director at BTI Group Mergers & Acquisitions; Leland
WEDNESDAY, APRIL 15 American Institute of Architects meeting: Designing Healthy Communities Time: 5:30-8:30 p.m. Cost: Free for members, $30 for nonmembers, $50 at the door Location: Historic 5th Street School auditorium, 401 S. Fourth St., Las Vegas Information: Visit aialasvegas.org Dr. Richard J. Jackson, a pediatrician and chairman of environmental health sciences at the School of Public Health at UCLA, will be the guest speaker.
THURSDAY, APRIL 16 FRIDAY-SUNDAY, APRIL 10-12 Las Vegas/UNLV Startup Weekend Time: Varies Cost: $99 for educators, designers, developers and nontechnical workers; $49 for students Location: UNLV Beam Hall, 4505 S. Maryland Parkway, Las Vegas Information: Visit lasvegas.startupweekend.org Attendees can pitch startup ideas, receive feedback from peers and form teams. Top ideas will be presented to venture capitalists.
Skyworks Aerial Systems CEO Greg Friesmuth and Chief Operating Officer Jinger Zeng ZENG will discuss using drones for remote sensing and indoor mapping.
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FRIDAY, APRIL 10
TUESDAY, APRIL 14 Henderson Chamber of Commerce networking breakfast Time: 7-9 a.m. Cost: $25 for members, $45 for nonmembers, additional $10 for walk-ins Location: Cancun Room, Fiesta Henderson, 777 W. Lake Mead Parkway, Henderson Information: Visit hendersonchamber.com/ events Len Christopher, Republic Services general manager, will discuss the company’s recycling efforts.
Collaboration & Community: USGBC Nevada and Sustainability Partners Time: 7-9 a.m. Cost: $20 for members of the U.S. Green Building Council and sustainability partners, $35 for nonmembers Location: InNEVation Center, 6795 S. Edmond St., Suite 331, Las Vegas Information: Visit usgbcnv.org
Building Owners and Managers Association mixer Time: 5:30-7:30 p.m. Cost: $35, RSVP by April 10 Location: Neon Museum, 770 Las Vegas Blvd. North, Las Vegas Information: Visit bomanevada.org. Appetizers and drinks will be served as guests network and tour the museum.
FRIDAY, APRIL 17 Latin Chamber of Commerce meeting Time: 11 a.m.-1 p.m. Cost: $40 for members with RSVP, $45 for nonmembers with RSVP, $50 at the door Location: Culinary Academy of Las Vegas, 710 W. Lake Mead Boulevard, North Las Vegas Information: Visit lvlcc.com Fred Keeton, vice president of external affairs and chief diversity officer at Caesars Entertainment, will be the guest speaker.
SATURDAY, APRIL 18 Las Vegas India Chamber of Commerce installation of officers and reception Time: 6-9 p.m. Cost: $75 for members, $85 for nonmembers, $100 for VIPs and at the door Location: Nevada Ballroom at Gold Coast, 400 W. Flamingo Road, Las Vegas Consul General of India Venkatesan Ashok, Rep. Joe Heck, R-Nev., and Rep. Dina Titus, D-Nev., are scheduled to attend the event, which will include dancing, a fashion show and a program on doing business in India.
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THE DATA
VEGAS INC
Send your business-related information to news@vegasinc.com
APRIL 5 - APRIL 11
Records and Transactions BANKRUPTCIES CHAPTER 7 Audiocom LLC 8635 W. Sahara Ave. Las Vegas, NV 89117 Attorney: Thomas E. Crowe at tcrowe@thomascrowelaw.com Teams LLC 2360 Corporate Circle, Suite 400 Henderson, NV 89074 Attorney: Teams LLC Pro Se
Henderson 89052 Seller: 5802 & Acquisitions LLC Seller agent: Michael Stuart of Colliers International Buyer: Chabad of Green Valley Buyer agent: Michael T. Brazill of Sun Commercial Real Estate Inc. $350,000 for 5,200 square feet, multifamily 4640 Koval Lane, Las Vegas 89109 Seller: Did not disclose Seller agent: Did not disclose Buyer: William Somana LLC Buyer agent: Al Twainy of Colliers International
BID OPPORTUNITIES MONDAY, APRIL 6 2:15 p.m. Government Center sanitary sewer improvements Clark County, 603632 Sandy Moody-Upton at scm@ clarkcountynv.gov
WEDNESDAY, APRIL 8 2 p.m. Video and telephonic interpreters and document translation services Clark County, Bid 2015-01 Kristine Sy at kristine.sy@umcsn. com
THURSDAY, APRIL 9 3 p.m. Auction office trailer Clark County, 603635 Tom Boldt at tboldt@clarkcountynv. gov 3 p.m. Current production model type III ambulance Clark County, 603642 Sandra Mendoza at sda@clarkcountynv.gov
FRIDAY, APRIL 10 3 p.m. Annual requirements contract for fire alarm systems monitoring Clark County, 603619 Adriane Garcia at akgarcia@clarkcountynv.gov
BROKERED TRANSACTIONS SALES $1,100,000 for 11,818 square feet, medical office 1431 S. Rainbow Blvd., Las Vegas 89146 Seller: Lure LLC Seller agent: Dave Sundaram of Odyssey Realty Buyer: Dr. Rainer Vogel Buyer agent: Alexia Crowley and Aaron Goldberg of Avison Young $690,000 for 2 acres, land Near Carnegie Street and Kenneth Avenue, APN 178-30-202-014,
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$320,000 for 4,086 square feet, industrial 1991 Whitney Mesa Drive, Henderson 89014 Seller: TCWM LLC Seller agent: Cathy Jones, Paul Miachika, Jessica Cegavske, Roy Fritz and Riley Foley of Sun Commercial Real Estate Inc. Buyer: Mark A. Panasewicz Buyer agent: Shawn Barashy of Lee & Associates
LEASES $1,022,000 for 4,759 square feet, retail for 126 months 8020 S. Rainbow Blvd., Suite G, Las Vegas 89139 Landlord: Southwest Marketplace Station Landlord agent: N/A Tenant: Sherwin-Williams Company Tenant agent: Jackie Young and Liz Clare of Avison Young $530,064 for 10,800 square feet, retail for 60 months 320 N. Nellis Blvd., Suites 7-8, Las Vegas 89110 Landlord: Regency Developments LLC Landlord agent: Robert S. Hatrak II of Virtus Commercial Tenant: Roberto Cortez Nos. 7 and 8 Tenant agent: Robert S. Hatrak II of Virtus Commercial $423,039 for 32,722 square feet, industrial for 36 months 4980 Statz St., Suite 120, North Las Vegas 89081 Landlord: 4980 Statz St., Suite 120 Landlord agent: Donna Alderson of CBRE Tenant: Columbia River Logistics Inc. Tenant agent: Art Farmanali of Cushman & Wakefield Commerce $410,773 for 9,870 square feet, industrial for 62 months 7350 Dean Martin Dr., Suite 310, Las Vegas 89139 Landlord: KTR Capital Partners Landlord agent: Jeremy Green of CBRE Tenant: Lone Mountain Excavation Tenant agent: Cathy Jones, Paul Miachika, Jessica Cegavske, Roy
Re
Fritz and Riley Foley of Sun Commercial Real Estate Inc.
Tenant: Thuy Huynh Tenant agent: Did not disclose
$410,087 for 12,657 square feet, office for 38 months 8020 W. Sahara Ave., Suite 100, Las Vegas 89117 Landlord: WCCP I & II Sahara LLC Landlord agent: Nicholas Barber and Jeremy Foley of Cushman & Wakefield Commerce Tenant: Best Rate Referrals Tenant agent: Did not disclose
$115,159 for 3,452 square feet, office for 48 months 7310 Smoke Ranch Road, Suite K and L, Las Vegas 89128 Landlord: KP Brookhollow LLC Landlord agent: Bob Hawkins and Dan Palmeri of Cushman & Wakefield Commerce Tenant: American Door Service Inc. Tenant agent: Did not disclose
$372,904 for 5,267 square feet, office for 60 months 5765 S. Rainbow Blvd., Suites 101 and 102, Las Vegas 89118 Landlord: NAKP Investments LLC Landlord agent: Cathy Jones, Paul Miachika, Jessica Cegavske, Roy Fritz and Riley Foley of Sun Commercial Real Estate Inc. Tenant: Walker Engineering LLC Tenant agent: N/A
$101,710 for 2,056 square feet, retail for 63 months 320 N. Nellis Blvd., Suite 5, Las Vegas 89110 Landlord: Regency Developments LLC Landlord agent: Robert S. Hatrak II of Virtus Commercial Tenant: Roberto Cortez #5 Tenant agent: Robert S. Hatrak II of Virtus Commercial
$214,540 for 1,700 square feet, retail for 63 months 200 Hoover Ave., Suite 150, Las Vegas 89101 Landlord: Andandolindo LLC Landlord agent: Matt Feustel of Virtus Commercial and Grant Garcia of Prescott Companies Tenant: Melissa Tomsik Tenant agent: Melissa Tomsik of Urban Nest Realty $212,787 for 1,350 square feet, retail for 78 months 1750 N. Buffalo Drive, Suite 104, Las Vegas 89128 Landlord: New Deal-Seabreeze LLC Landlord agent: Robert S. Hatrak II of Virtus Commercial Tenant: Shuan Yang (Golden China LLC) Tenant agent: Robert S. Hatrak II of Virtus Commercial $209,820 for 4,160 square feet, industrial for 62 months 3200 Polaris Ave., Las Vegas 89102 Landlord: Did not disclose Landlord agent: Sean Simon and Gabe Telles of Gatski Commercial Tenant: ServMax LLC Tenant agent: Did not disclose $154,791 for 1,911 square feet, retail for 62 months 175 N. Stephanie St., Suite 120, Henderson 89074 Landlord: Lady Luck LLC Landlord agent: C. Roger Jeffries III of Sun Commercial Real Estate Inc. Tenant: Freeway Insurance Tenant agent: N/A $115,668 for 1,408 square feet, retail for 65 months 4983 W. Flamingo Road, Suite C, Las Vegas 89103 Landlord: Lorenz Rothbucher and Thea Rothbucher Trust Landlord agent: Dan Hubbard and Todd Manning of Cushman & Wakefield Commerce
BUSINESS LICENSES Hair ADK Business type: Hair product sales Address: 8751 W. Charleston Blvd., Suite 190, Las Vegas Owner: HairADK LLC Hair by Honii Business type: Hair product sales Address: 9975 S. Eastern Ave., Suite 130, Henderson Owner: Honii Buonsante Hairadk LLC Business type: General retail sales Address: 8751 W. Charleston Blvd., Suite 190, Las Vegas Owner: Michele Jazwinski Hardkore Parkour LLC Business type: Instruction services Address: 3680 N. 5th St., Suite 130, Las Vegas Owner: Jeffrey T. Jay Heroes and Villains Collectables Business type: General retail sales Address: 1717 S. Decatur Blvd., Suite E12, Las Vegas Owner: Linda Velasco Saldano Holiday Gift Shop Events Business type: Craft show organizer Address: 62 Page St., Las Vegas Owner: Maureen Alcorn Hooters on Eastern Business type: Restaurant/food service Address: 10430 S. Eastern Ave., Henderson Owner: Tyler Eastern LLC Houston Entertainment Inc. Business type: Professional promoter Address: 400 S. 4th St., Suite 500, Las Vegas Owner: Brittany Jones
Identity Sign Solutions Business type: Sign consultants Address: 326 Teal Ridge Hills Drive, Henderson Owner: CDW Holdings Inc. Ignacio Martinez Business type: Real estate sales Address: 10000 W. Charleston Blvd., Suite 130, Las Vegas Owner: Ignacio Martinez Ilovekickboxing.com Business type: Instruction services Address: 8670 W. Cheyenne Ave., Suite 120, Las Vegas Owner: Emmerson LLC Insane Power Business type: Performance race engine builder Address: 250 Sunpac Ave., Suite 120, Henderson Owner: Hottie Racing LLC ISS Facility Services Inc. Business type: Professional services Address: 4155 N. Rancho Drive, Suite 150, Las Vegas Owner: Fergus O’Connell Itsy Bitsy Business type: Nightclub Address: 150 Las Vegas Blvd. North, Suite 100, Las Vegas Owner: Slice LV LLC J.P. Park Business type: Real estate sales Address: 7942 W. Sahara Ave., Las Vegas Owner: J.P. Park LLC Jamie Rice Business type: Real estate sales Address: 9325 W. Sahara Ave., Las Vegas Owner: Jamie Rice Jazmin’s Boutique Business type: General retail sales Address: 4530 E. Charleston Blvd., Las Vegas Owner: Jazmin’s Boutique Inc. JCJ Maintenance Services Business type: Construction cleanup Address: 4306 Cottontail Lane, Las Vegas Owner: JCJ Maintenance Services LLC Jewels and More Business type: General retail sales Address: 1717 S. Decatur Blvd., Suite H34, Las Vegas Owner: Atif M. Cheema John Cherian Business type: Real estate sales Address: 3160 W. Sahara Ave., Suite A13, Las Vegas Owner: John Cherian Jolie’s Services Business type: Safety equipment sales
4/3/15 11:32 AM
Address Owner: M
Joshua M Business Address Parkway Owner: J
Kabobal Business Address Vegas Owner: K
Khaki Pu Business grams an Address derson Owner: R
Kitty V. L Business Address Vegas Owner: K
KMT Bus Business Address 253, Hen Owner: K
Las Vega Business Address Vegas Owner: C
Las Vega Business sage the Address Vegas Owner: J
Latonya Business sage the Address Suite 316 Owner: L
Latte Co Business (counter Address Vegas Owner: R
Law Offi Business Address Suite 26 Owner: H
LC Servi Business service Address Vegas Owner: L
Le Mar Business Address Vegas
19
THE DATA
VEGAS INC
Send your business-related information to news@vegasinc.com
APRIL 5 - APRIL 11
Records and Transactions Address: 260 Lilium St., Henderson Owner: Maricela Gonzalez-Patino
Owner: Leslie M. Camacho
Joshua M. Ignatowicz DMD P.C. Business type: Dental office Address: 1070 W. Horizon Ridge Parkway, Suite 120, Henderson Owner: Joshua M. Ignatowicz
Lifetrans Inc. Business type: Miscellaneous sales/ service Address: 3280 Coleman St., North Las Vegas Owner: Lifetrans Inc.
Kabobalicious Business type: Mobile food vendor Address: 4181 Pioneer Ave., Las Vegas Owner: Kabobalicious LLC
Little Tony’s Business type: Restaurant Address: 2411 W. Sahara Ave., Las Vegas Owner: Pizza Rock II LV LLC
Khaki Publishing Business type: Commissioning programs and refinement posters Address: 2902 Ardoch Ave., Henderson Owner: Robert Baggett
Lobsterman’s Restaurant Business type: Restaurant/food service Address: 40 Costa Di Lago, Henderson Owner: Shawn Elliott
Kitty V. Lepnis Business type: Real estate sales Address: 7854 W. Sahara Ave., Las Vegas Owner: Kitty V. Lepnis
Love Cloud LLC Business type: Miscellaneous sales/ service Address: 2634 Airport Drive, North Las Vegas Owner: Love Cloud LLC
KMT Business Services LLC Business type: Bookkeeping Address: 9550 S. Eastern Ave., Suite 253, Henderson Owner: KMT Business Services LLC Las Vegas Party Rentals Business type: Rental and leasing Address: 4214 Bertsos Drive, Las Vegas Owner: Casino Party Creations LLC Las Vegas Wellness Massage Inc. Business type: Independent massage therapist Address: 7404 Corcoran St., Las Vegas Owner: Janae Freeman Latonya Dykes Business type: Independent massage therapist Address: 6530 Annie Oakley Drive, Suite 316 Henderson Owner: Latonya Dykes Latte Communications LLC Business type: General services (counter/office) Address: 6385 Montessouri St., Las Vegas Owner: Robert N. Wiviott Law Offices of Neal Hyman Business type: Law firm Address: 9480 S. Eastern Ave., Suite 260, Henderson Owner: Hyman Ltd. LC Services Business type: Business support service Address: 1540 E. Sahara Ave., Las Vegas Owner: Luis A. Cabanillas Le Mar Business type: Open-air vending Address: 7790 W. Sahara Ave., Las Vegas
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Mantra Masala Business type: Food services or cafe Address: 7785 N. Durango Drive, Suite 105, Las Vegas Owner: The East India Company Marie Sepian Business type: Real estate sales Address: 9525 Hillwood Drive, Suite 120, Las Vegas Owner: Marie Sepian Marilyn Joyce Bartoli - H2O Aquatics Business type: Aquatic fitness training Address: 3472 Victory Ave., Las Vegas Owner: Marilyn Joyce Bartoli Martin Reyna Business type: Real estate sales Address: 614 N. Rainbow Blvd., Las Vegas Owner: Martin Reyna Martin-Harris Construction Inc. Business type: Contractor Address: 3030 S. Highland Drive, Las Vegas Owner: Did not disclose Matthew Eddins Business type: Real estate sales Address: 9420 W. Sahara Ave., Suite 100, Las Vegas Owner: Matthew G. Eddins McKnight Senior Village LP Business type: Apartment house Address: 651 McKnight St., Las Vegas Owner: McKnight Street Investments LLC Medlife Transportation Business type: Nonmedical supervised patient transfer service
Address: 3111 S. Valley View Blvd., Las Vegas Owner: Medlife Transportation LLC Memra Business type: Nonprofit community services Address: 6808 W. Cheyenne Ave., Las Vegas Owner: Medtyme Menchie’s Business type: Food services or cafe Address: 111 N. Nellis Blvd., Suite 140, Las Vegas Owner: Ruckleville Frozen Yogurt Store 1 LLC Michael Kenny Business type: Real estate sales Address: 777 N. Rainbow Blvd., Suite 120, Las Vegas Owner: Michael Kenny Midas Business type: Automotive/general service Address: 2620 Windmill Parkway, Henderson Owner: Sheets LLC Miwok Construction LLC Business type: Contractor Address: 9960 W. Cheyenne Ave., Suite 190, Las Vegas Owner: Miwok Global Inc. Mojave Insurance Business type: Insurance sales Address: 1700 Western Ave., Suite B, Las Vegas Owner: Mojave Insurance LLC Moreno Clean Up Business type: Trucking Address: 3836 Capsule Drive, Las Vegas Owner: David Moreno Movement Mortgage LLC Business type: Professional services Address: 9420 W. Sahara Ave., Suite 100, Las Vegas Owner: William Harris Mr. Bill’s Pipe & Tobacco Co. Business type: Tobacco sales/ lounge Address: 7460 W. Cheyenne Ave., Suite 140, Las Vegas Owner: JTR Inc. Nerd Farm Business type: Etsy shop Address: 3034 Paseo Hills Way, Henderson Owner: Jennifer Lant Nevada Health Co-Op Business type: Nonprofit community services Address: Multiple locations, Las Vegas Owner: Bobbette A. Bond
Nextgen Gaming USA LLC Business type: General retail sales Address: 8691 W. Sahara Ave., Suite 200, Las Vegas Owner: Matthew Davey Niswonger Psychological Health Business type: Professional services/medical Address: 7445 W. Azure Drive, Suite 130, Las Vegas Owner: Niswonger Psychological Health LLC Nufinish of Las Vegas Business type: Automobile detailing Address: 3510 Oreana Ave., Las Vegas Owner: Front Line Ready of Las Vegas LLC NV Eye Surgery Business type: Professional services/medical Address: 7190 Smoke Ranch Road, Suite 110, Las Vegas Owner: Jackson Ophthalmology Group
$265,251, commercial-alteration 3645 Losee Road, North Las Vegas Kalb Industries of Nevada Ltd. $238,032, residential-new 7350 Orchard Harvest Ave., Las Vegas DR Horton Inc. $238,032, residential-new 7320 Orchard Harvest Ave., Las Vegas DR Horton Inc. $237,301, tenant improvement 7151 Cascade Valley Court, Suite 210, Las Vegas The Korte Company $214,758, residential-new 1100 Via Della Costrella, Henderson Greystone Nevada $214,758, residential-new 1097 Via Della Costrella, Henderson Greystone Nevada $198,622, residential-new 1105 Via Della Costrella, Henderson Greystone Nevada
BUILDING PERMITS $464,750, commercial-remodel 55 S. Valle Verde Drive, Henderson Smiths Food and Drug Center $409,210, tenant improvement 8885 W. Charleston Blvd., Suite 140, Las Vegas Yack Construction Inc. $350,000, tenant improvement 6211 N. Decatur Blvd., Suite 110, Las Vegas CM Builders $335,161, commercial-alteration 5406 E. El Campo Grande Ave., North Las Vegas Burke Construction Group Inc. $332,810, roof-mounted photovoltaic system 8080 Desert Cloud Ave., Las Vegas U.S. Renewable Energy Development $320,000, mechanical 2411 W. Sahara Ave., Las Vegas Liberty Heating & Air Conditioning $320,000, wall and/or fence 12225 Los Mares Lane, Las Vegas Desert Plastering LLC $306,330, disaster 700 Rivenbark Court, Las Vegas Belfor USA Group Inc. $286,000, commercial-addition 4030 Industrial Center Drive, North Las Vegas Southwest Material Handling $282,795, residential-new 1085 College Heights Court, Henderson DR Horton Inc.
$192,467, residential-new 253 Hull St., Henderson Beazer Homes Holding Corp. $192,329, sign 875 S. Grand Central Parkway, Las Vegas Las Vegas Sign $185,647, residential-new 12229 Nasino Ave., Las Vegas Pulte Homes of Nevada $185,000, tenant improvement 505 S. Grand Central Parkway, Suite 3245, Las Vegas Pearson & Pearson Inc. $175,400, residential-new 6233 Silver Bank St., North Las Vegas KB Home Nevada Inc. $173,871, residential-new 7241 Orchard Harvest Ave., Las Vegas DR Horton Inc. $173,871, residential-new 7321 Orchard Harvest Ave., Las Vegas DR Horton Inc. $173,871, residential-new 7341 Orchard Harvest Ave., Las Vegas DR Horton Inc. $173,871, residential-new 7330 Orchard Harvest Ave., Las Vegas DR Horton Inc. $170,342, residential-new 334 Via Dante, Henderson Greystone Nevada
4/3/15 11:32 AM
20
YOUR BUSINESS-TO-BUSINESS NEWS
VEGAS INC
Send your business-related information to news@vegasinc.com
APRIL 5 - APRIL 11
Records and Transactions $170,342, residential-new 331 Via Dante, Henderson Greystone Nevada $169,732, residential-new 335 Via Dante, Henderson Greystone Nevada $168,721, residential-new 382 Calabria Ridge St., Las Vegas Ryland Homes $168,721, residential-new 362 Calabria Ridge St., Las Vegas Ryland Homes $168,721, residential-new 366 Calabria Ridge St., Las Vegas Ryland Homes $167,685, residential-new 12205 Nasino Ave., Las Vegas Pulte Homes of Nevada $164,845, residential-new 399 Calabria Ridge St., Las Vegas Ryland Homes $164,465, residential-new 2886 Shining Sun Way, Henderson Greystone Nevada $163,189, residential-new 184 Cow Cove Ave., Henderson Beazer Homes Holding Corp. $163,189, residential-new 1156 Buckhorn Cove St., Henderson Beazer Homes Holding Corp. $161,249, residential-new 330 Via Dante, Henderson Greystone Nevada $160,472, residential-new 2894 Shining Sun Way, Henderson Greystone Nevada $160,472, residential-new 2890 Shining Sun Way, Henderson Greystone Nevada $160,266, residential-new 261 Lindura Court, Las Vegas Toll South LV LLC $159,973, residential-new 249 Hull St., Henderson Beazer Homes Holding Corp. $159,197, residential-new 257 Hull St., Henderson Beazer Homes Holding Corp. $159,142, residential-new 1096 Day Marks Lane, Henderson Greystone Nevada $158,933, pool and/or spa 3609 Kobie Creek Court, Las Vegas Blue Haven Pools $157,019, residential-new 338 Evante St., Las Vegas Pulte Homes of Nevada $157,019, residential-new 12224 Olivetta Court, Las Vegas
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Pulte Homes of Nevada
DR Horton Inc.
$156,060, electrical 8206 Silver Sky Drive, Las Vegas Bombard Electric LLC
$138,815, residential-new 9514 Desert Dog Court, Las Vegas Richmond American Homes of Nevada
$150,000, commercial-lighting 700 N. Rancho Drive, Las Vegas American Pavement Preservation $146,944, residential-new 12225 Regal Springs Court, Las Vegas KB Home Nevada Inc. $146,518, residential-new 7331 Orchard Harvest Ave., Las Vegas DR Horton Inc. $145,834, residential-new 1093 Aubrey Springs Ave., Henderson DR Horton Inc. $144,669, residential-new 1144 Buckhorn Cove St., Henderson Beazer Homes Holding Corp. $143,616, residential-new 193 Leaf Tree Ave., Henderson Beazer Homes Holding Corp. $143,616, residential-new 1148 Bear Head St., Henderson Beazer Homes Holding Corp. $143,616, residential-new 1160 Buckhorn Cove St., Henderson Beazer Homes Holding Corp.
$138,815, residential-new 5618 Mackenzie Park Court, Las Vegas Richmond American Homes of Nevada $138,626, residential-new 6733 Carol Steam St., Las Vegas Desert Wind Homes $138,626, residential-new 6741 Carol Steam St., Las Vegas Desert Wind Homes $138,626, residential-new 6758 Barrington Hills St., Las Vegas Desert Wind Homes $134,744, residential-new 1089 Aubrey Springs Ave., Henderson DR Horton Inc. $134,744, residential-new 1088 Aubrey Springs Ave., Henderson DR Horton Inc. $134,249, residential-new 5440 Emerald Basin St., North Las Vegas Pardee Homes of Nevada
8132 Turquoise Tide Drive, Las Vegas DR Horton Inc.
$114,671, residential-new 2891 Shining Sun Way, Henderson Greystone Nevada
$123,598, residential-new 1113 Strada Pecei, Henderson Century Communities of Nevada LLC
$113,173, residential-new 2380 Valissa St., Henderson KB Home Nevada Inc.
$121,154, residential-new 5428 Emerald Basin St., North Las Vegas Pardee Homes of Nevada $121,154, residential-new 5436 Emerald Basin St., North Las Vegas Pardee Homes of Nevada $121,154, residential-new 5444 Emerald Basin St., North Las Vegas Pardee Homes of Nevada $121,154, residential-new 1428 Miller Ridge Ave., North Las Vegas Pardee Homes of Nevada $121,154, residential-new 1425 Miller Ridge Ave., North Las Vegas Pardee Homes of Nevada $120,185, residential-new 7949 Point Powell Court, Las Vegas Ryland Homes $120,185, residential-new 10430 White Princess Ave., Las Vegas Ryland Homes
$112,020, electrical 212 Fox Hill Drive, Las Vegas Tejas Underground LLC $108,865, residential-new 6973 Ebbets Field St., Las Vegas Ryland Homes $108,017, residential-new 1096 Aubrey Springs Ave., Henderson DR Horton Inc. $107,296, residential-new 1140 Buckhorn Cove St., Henderson Beazer Homes Holding Corp. $107,296, residential-new 1148 Buckhorn Cove St., Henderson Beazer Homes Holding Corp. $106,649, residential-new 8933 Hull Bay Ave., Las Vegas DR Horton Inc. $103,442, residential-new 9033 Silken Crests Court, Las Vegas Greystone Nevada $103,442, residential-new 9032 Cordial Cloth Court, Las Vegas Greystone Nevada
$142,483, residential-new 6773 Conquistador St., Las Vegas Ryland Homes
$132,055, residential-new 3621 Corte Bella Hills Ave., North Las Vegas J.F. Shea Co. Inc.
$142,483, residential-new 7937 Reed Peak St., Las Vegas Ryland Homes
$129,143, residential-new 1101 Via Della Costrella, Henderson Greystone Nevada
$142,396, residential-new 2652 Soda Butte Court, Henderson KB Home Nevada Inc.
$128,644, residential-new 37 Arista Port St., Henderson Ryland Homes
$119,107, residential-new 1092 Aubrey Springs Ave., Henderson DR Horton Inc.
$142,396, residential-new 2385 Valissa St., Henderson KB Home Nevada Inc.
$128,644, residential-new 928 Estes Cove Ave., Henderson Ryland Homes
$117,500, pool and/or spa 1700 Village Center Circle, Las Vegas Water FX Custom Pools
$96,868, residential-new 8929 Hull Bay Ave., Las Vegas DR Horton Inc.
$141,564, residential-new 969 McKinley View Ave., Henderson Ryland Homes
$125,540, residential-new 5432 Emerald Basin St., North Las Vegas Pardee Homes of Nevada
$117,065, residential-new 8937 Hull Bay Ave., Las Vegas DR Horton Inc.
$94,297, residential-new 9041 Silken Crests Court, Las Vegas Greystone Nevada
$116,413, tenant improvement 653 N. Town Center Drive, Suite 114, Las Vegas Yack Construction Inc.
$94,297, residential-new 9040 Cordial Cloth Court, Las Vegas Greystone Nevada
$141,198, residential-new 10719 Hammett Park Ave., Las Vegas Toll North LV LLC $141,198, residential-new 7298 Durand Park St., Las Vegas Toll North LV LLC $140,327, residential-new 7340 Orchard Harvest Ave., Las Vegas DR Horton Inc. $140,289, residential-new 1097 Aubrey Springs Ave., Henderson
$125,540, residential-new 1429 Miller Ridge Ave., North Las Vegas Pardee Homes of Nevada $125,404, residential-new 5448 Emerald Basin St., North Las Vegas Pardee Homes of Nevada $125,404, residential-new 1424 Miller Ridge Ave., North Las Vegas Pardee Homes of Nevada $123,813, residential-new
$120,000, tenant improvement 555 S. Grand Central Parkway, Suite 3451, Las Vegas Shrader & Martinez Construction
$115,303, residential-new 139 Chastain Park Drive, North Las Vegas Woodside Homes of Nevada LLC $114,785, residential-new 6725 Carol Steam St., Las Vegas Desert Wind Homes $114,785, residential-new 6750 Barrington Hills St., Las Vegas Desert Wind Homes
$102,527, residential-new 2664 Soda Butte Court, Henderson KB Home Nevada Inc. $100,475, residential-new 2382 Valissa St., Henderson KB Home Nevada Inc. $100,475, residential-new 2381 Via Firenze, Henderson KB Home Nevada Inc.
CONVENTIONS International Sign Association International Sign Expo 2015 Location: Mandalay Bay Dates: April 9-11 Expected attendance: 19,500 To receive a complete copy of Data Plus every week in Excel, please visit vegasinc.com/subscribe.
4/3/15 11:32 AM
MCDONALD CARANO WILSON LLP WELCOMES
ERIN R. BARNETT ASSOCIATE LAS VEGAS OFFICE
In Ms. Barnett’s capacity as a Real Estate Associate, she advises on a wide variety of contract and business operating agreements and facilitates commercial real estate transactions, business acquisitions and asset purchases. Ms. Barnett brings more than a decade of experience in commercial and real estate transactions.
Las Vegas: (702) 873-4100 | Reno: (775) 788-2000 mcwlaw.com ©2015 MCW
a co perative for Nevada.
At Valley Electric we put people first.
As one of our neighbors, you know us as the co-op that brings power to its members – in more ways than one. Since we’re a nonprofit we deliver value to the people we serve. And through new initiatives and renewable energy projects, we’re also delivering more opportunities and jobs. It all adds up to better service, a growing workforce, and a brighter future for the community we all call home.
Together, we’re doing powerful things. I LEA RN M ORE AT V EA .COOP I
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22
YOUR BUSINESS-TO-BUSINESS NEWS
VEGAS INC
Send your business-related information to news@vegasinc.com
APRIL 5 - APRIL 11
The List
CATEGORY: HOME BUILDERS (RANKED BY 2014 NEW HOME SALES VOLUME) Total sales volume
Total Average homes sold closing price
Year established
Lennar Homes 2490 Paseo Verde Parkway, Suite 120 Henderson, NV 89074 702-736-9100 • lennar.com
$288,226,181
868
$332,058
1994
Jeremy Parness, division president
2
D.R. Horton Homes 1081 Whitney Ranch Drive Henderson, NV 89014 702-635-3600 • drhorton.com/lasvegas
$271,175,430
829
$327,111
1995
Brad Burns, division president
3
Richmond American Homes 7770 S. Dean Martin Drive, Suite 308 Las Vegas, NV 89139 702-617-8400 • richmondamerican.com
$180,839,659
567
$318,941
1987
Brian Kunec, division president
4
Ryland Homes 8925 W. Russell Road, Suite 200 Las Vegas, NV 89148 702-360-7500 • ryland.com
$144,772,416
531
$272,641
2004
Dana Rogers, division president
5
American West Homes 250 Pilot Road, Suite 140 Las Vegas, NV 89119 702-736-6434 • americanwesthomes.com
$137,079,263
400
$342,698
1984
Larry Canarelli, president
6
KB Home Las Vegas 5655 Badura Ave. Las Vegas, NV 89118 702-266-8400 • kbhome.com
$129,701,616
461
$281,348
1993
Robert McGibney, president
7
William Lyon Homes 500 Pilot Road, Suite G Las Vegas, NV 89119 702-263-8200 • lyonhomes.com
$114,916,608
197
$583,333
1995
Mary Connelly, division president
8
Pulte Homes 8345 W. Sunset Road Las Vegas, NV 89113 702-256-7900 • pulte.com
$108,307,702
303
$357,451
1992
Ryan Breen, division president
9
Pardee Homes 4675 W. Teco Ave., Suite 115 Las Vegas, NV 89118 702-614-1400 • pardeehomes.com
$102,231,311
280
$365,112
1952
Klif Andrews, division president
Century Communities (formerly Dunhill Homes) 6345 S. Jones Blvd., Suite 400 Las Vegas, NV 89118 702-873-5338 • centurycommunities.com
$79,996,222
258
$310,063
2014
Don Boettcher, division president
11
Toll Brothers 1140 N. Town Center Drive, Suite 250 Las Vegas, NV 89144 702-243-9800 • tollbrothers.com
$70,491,059
169
$417,107
Did not disclose
Did not disclose
12
Harmony Homes 8912 Spanish Ridge Ave., Suite 200 Las Vegas, NV 89148 702-489-9685 • harmonyhomes.com
$63,555,803
230
$276,330
2008
Robert Beville, president
13
Woodside Homes Nevada 4670 S. Fort Apache Road, Suite 200 Las Vegas, NV 89147 702-889-7800 • woodside-homes.com
$62,721,802
167
$375,580
1988
Kent Lay, division president
14
Beazer Homes Nevada 2470 Paseo Verde Parkway, Suite 135 Henderson, NV 89074 702-837-2100 • beazer.com
$58,012,787
268
$216,466
Did not disclose
Did not disclose
15
Shea Homes 5840 Summit Greens St. North Las Vegas, NV 89081 800-685-6494 • shea.com
$30,286,159
106
$285,718
Did not disclose
Rick Andreen, president of Trilogy
Company
1
10
Top executive
Source: Salestraq and VEGAS INC research. It is not the intent of this list to endorse the participants or to imply that the listing of a company indicates its quality. Although every attempt is made to ensure the accuracy and thoroughness of VEGAS INC lists, omissions sometimes occur. Please send corrections or additions on company letterhead to Pashtana Usufzy, researcher, VEGAS INC, 2360 Corporate Circle, Third Floor, Henderson, NV 89074.
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4/3/15 9:21 AM
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A COMPREHENSIVE CIVIL PR ACTICE SERVING CLIENTS SINCE 1977. Business Law | Real Estate | Civil Litigation Nevada’s Law Firm
Alverson Taylor Mortensen & Sanders (702) 384-7000 alversontaylor.com 7401 W Charleston Blvd, Las Vegas, NV 89117
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3/24/15 12:47 PM