v e g a s i n c . c o m | J u n e 2 1 - j u n e 2 7, 2 0 1 5
White Castle opened in January at the Best Western Plus Casino Royale on the Strip. (mikayla whitmore/staff file)
Las Vegas’ chain invasion Tourist-driven economy ideal for variety of fast-food restaurants, which make visitors feel at home By Howard Riell | Special to VEGAS INC
White Castle opened its doors on the Strip at the end of January, then had to shut them less than 24 hours later because staff couldn’t keep up with the frantic demand of 4,000 burgers per hour. ¶ The recent arrivals of White Castle and Shake Shack — and others such as Chick-fil-A and possibly Cracker Barrel on their heels — could be a sign chain restaurants, Continued on page 15
$86M
Cost of MGM Resorts International’s annual NV Energy bill, according to Chairman and CEO Jim Murren. MGM Resorts is one of three gaming companies thinking of separating from NV Energy and purchasing its own power.
1, 15_VICover_20150621.indd 1
$1.87
Average cost of a dozen eggs anticipated for the fourth quarter of this year, as estimated by the U.S. Department of Agriculture.
6/19/15 3:55 PM
2
CONTENTS
VEGAS INC
JUNE 21- JUNE 27
PUBLISHER Donn Jersey (donn.jersey@gmgvegas.com)
EDITORIAL
NOTEWORTHY STORIES
05 06 18 Q&A WITH DANA DWIGGINS
The managing partner of Solomon Dwiggins & Freer discusses the growth of the law firm, the importance of trust and estate law in Nevada, and a nonprofit organization she is dedicated to helping fulfill its mission. THE NOTES People on the move, P4
MEET: I GOT MARRIED IN VEGAS! JUST KIDDING
Scott Jason sat on his idea for 10 years before finding a place to open up shop. Now, he encourages customers to use Las Vegas’ reputation to their advantage for elaborate pranks. TALKING POINTS Don’t believe the myths about SBA loans, 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: Highest-paid business executives, P22
EDITOR Delen Goldberg (delen.goldberg@gmgvegas.com) MANAGING EDITOR Dave Mondt (dave.mondt@gmgvegas.com) DIGITAL EDITOR Sarah Burns (sarah.burns@gmgvegas.com) BUSINESS EDITOR Brian Deka (brian.deka@gmgvegas.com) STAFF WRITERS Kailyn Brown, Andrea Domanick, Adwoa Fosu, Jesse Granger, Ana Ley, Megan Messerly, J.D. Morris, Kyle Roerink, Cy Ryan, Eli Segall, Conor Shine, Jackie Valley, Pashtana Usufzy, Katie Visconti, Ian Whitaker COPY DESK CHIEF John Taylor COPY EDITORS Jamie Gentner, Brian Sandford SPECIAL PUBLICATIONS EDITOR Craig Peterson DIGITAL COORDINATOR Adelaide Chen EDITORIAL CARTOONIST Mike Smith LIBRARY SERVICES SPECIALIST Rebecca Clifford-Cruz RESEARCHER Julie Ann Formoso OFFICE COORDINATOR Nadine Guy
ART ASSOCIATE CREATIVE DIRECTOR Liz Brown (liz.brown@gmgvegas.com) DESIGNER LeeAnn Elias PHOTO COORDINATOR Mikayla Whitmore PHOTOGRAPHERS L.E. Baskow, Christopher DeVargas, Steve Marcus
ADVERTISING ASSOCIATE PUBLISHER OF ONLINE MEDIA Katie Horton GROUP DIRECTOR OF SALES OPERATIONS Stephanie Reviea PUBLICATION COORDINATORS Karen Parisi ADVERTISING DIRECTOR Jeff Jacobs EXTERNAL CONTENT MANAGER Emma Cauthorn ACCOUNT MANAGERS Katie Harrison, Dawn Mangum, Breen Nolan, Sue Sran ADVERTISING MANAGERS Jim Braun, Brianna Eck, Frank Feder, Kelly Gajewski, Justin Gannon, Trasie Mason, Donna Roberts, Michelle Walden
MARKETING & EVENTS EVENT MANAGER Kristin Wilson EVENTS COORDINATOR Jordan Newsom DIGITAL MARKETING ASSOCIATE Jackie Apoyan
PRODUCTION VICE PRESIDENT OF MANUFACTURING Maria Blondeaux ASSISTANT PRODUCTION DIRECTOR Paul Huntsberry PRODUCTION MANAGER Blue Uyeda PRODUCTION ARTIST Marissa Maheras, Dara Ricci ART DIRECTOR Sean Rademacher GRAPHIC DESIGNERS Michele Hamrick, Carlos Herrera TRAFFIC SUPERVISOR Estee Wright TRAFFIC COORDINATORS Kim Smith, Meagan Hodson
VINTAGE VEGAS: MDA LABOR DAY TELETHON A THING OF THE PAST Over the past 60 years, the annual Muscular Dystrophy Association telethon, a yearly broadcast of comedians and entertainers, has raised billions of dollars to fight muscular dystrophy, amyotrophic lateral sclerosis and other neuromuscular diseases. The telethon was staged every Labor Day weekend and hosted by Jerry Lewis, a Las Vegas resident. Lewis was the national organization’s chairman, a voluntary position, from 1956 to 2011. Pictured here, he and Dean Martin, left, chat during the MDA telethon Sept. 7, 1976, in Las Vegas. It was one of the few times the two appeared together after their longtime show business partnership dissolved decades earlier. Last month, MDA officials announced they were pulling the plug on the annual broadcast and ending the event’s historic run, opting instead to look for “new, creative and organic ways to support our mission.”
CIRCULATION DIRECTOR OF CIRCULATION Ron Gannon ROUTE MANAGER Joel Segler
GREENSPUN MEDIA GROUP CEO, PUBLISHER & EDITOR Brian Greenspun CHIEF OPERATING OFFICER Robert Cauthorn GROUP PUBLISHER Travis Keys EXECUTIVE EDITOR Tom Gorman MANAGING EDITOR Ric Anderson CREATIVE DIRECTOR Erik Stein VOLUME 2, ISSUE 23 Vegas Inc (USPS publication no. 15540), 2360 Corporate Circle, Third Floor, Henderson, NV 89074 is published every Sunday except the last Sunday of the year by Greenspun Media Group. Periodicals Postage Paid at Henderson, NV and at additional mailing offices. POSTMASTER: SEND ADDRESS CHANGES TO: Vegas Inc Greenspun Media Group 2360 Corporate Circle, Third Floor Henderson, NV 89074 702.990.2545 For inquiries, write to: Vegas Inc 2360 Corporate Circle, Third Floor Henderson, NV 89074 For back copies: Doris Hollifield at 702.990.8993 or e-mail at doris.hollifield@gmgvegas.com For subscriptions: Call 800.254.2610, or visit vegasinc.com. For annual subscriptions, $50. For single copies, $3.99.
— REBECCA CLIFFORD-CRUZ STAFF FILE
2_VITOC_20150621.indd 2
6/19/15 3:55 PM
FOCUS ON YOUR BUSINESS KNOWING YOUR TECHNOLOGY IS COVERED.
COX BUSINESS INTERNETSM 25 AND VOICEMANAGERSM
$
85
/mo*
UPGRADES available for speed options up to 100 times faster than basic DSL 20+ PROFESSIONAL FEATURES including Caller ID, Call Forwarding & Three Way Calling UNLIMITED nationwide long distance calling included
For 6 months with a 3-year agreement*
CALL 702-939-1146 | VISIT COXBUSINESS.COM
*Offer ends 8/30/15. Available to new subscribers of Cox Business VoiceManager℠ Unlimited and Cox Business Internet℠ 25 (max. 25/5 Mbps). Offer requires 3-year service term. After 6 months, bundle rate increases to $115/month for months 7-36. Standard rates apply thereafter. Unlimited plan is limited to direct-dialed domestic calling and is not available for use with non-switched circuit calling, auto-dialers, call center applications and certain switching applications. Prices exclude equipment, installation, taxes, and fees, unless indicated. DOCSIS 3.0 modem required for optimal performance. Speeds not guaranteed; actual speed may vary. Rates and bandwidth options vary and are subject to change. Speed claim based on Cox Business Internet 150 Mbps service vs. basic 1.5 Mbps DSL. Phone modem provided by Cox, requires electricity, and has battery backup. Access to E911 may not be available during extended power outage or if modem is moved or inoperable. Discounts are not valid in combination with or in addition to other promotions, and cannot be applied to any other Cox account. Offer is non-transferable to a new service address. Services not available in all areas. Other restrictions may apply. ©2015 Cox Communications, Inc. All rights reserved.
0000118571-01.indd 1
4/24/15 2:00 PM
4
VEGAS INC
the notes
June 21- June 27
Send your business-related information to news@vegasinc.com
Olivia Brown is general manager at Bellagio. She previously worked as general manager of the RitzCarlton, Boston Common.
companies and executives with virtual assistants. Artist Michael Kalish has been commissioned to create a one-of-a-kind piece of art for the inaugural Fantasy Sports Combine scheduled for July.
brown
Arbor View High School students Dustin Leavitt and Ryan Howard-Miller, taught by instructor Thomas Garrett, took top honors at the Ford/AAA Student Auto Skills competition. Coronado High School students Alexander Herrmann and Andrew Howard Scott, taught by instructor Dawnne Smith, took second place. Third place went to Southeast Career Technical Academy students Nicolas Vitolo and JC Kevin Juarez, taught by Daniel Sylvester. The top teams receive scholarships from technical schools and other prizes. LP Insurance Services founder Joe Kulikowski is the first affiliate president of the Nevada Medical Group Management Association. Kulikowski is kulikowski the first nonmedical practice administrator elected by the board. The association is a membership group for medical practice administrators and executives. The International School of Hospitality’s director of academic affairs, Donnell Bayot, is a public member of the Convention Industry Council’s bayot 2015 Governance Commission for the Certified Meeting Professional Program. Bayot will serve a two-year term. Mariana Johnson is City National Bank’s Southern Nevada group manager in the core banking group. Johnson will oversee all City National johnson branches in Southern Nevada in addition to managing the bank’s Green Valley branch.
Nevada Attorney General Adam Laxalt and the Bureau of Consumer Protection, along with attorneys general nationwide, the Consumer Financial Protection Bureau and the Federal Communications Commission, reached settlements with Sprint Corporation and Cellco Partnership, doing business as Verizon Wireless, to resolve allegations that the companies placed charges for third-party services on customers’ mobile telephone bills without authorization from the customers. The settlements include $158 million in payments to consumers; Nevada will receive $353,008.22. MGM Resorts International won two Freddie Awards for its loyalty program, M life. The awards honor airline and hotel loyalty programs. MGM Resorts won for Best Customer Service and Up-and-Coming Program of the Year.
CenturyLink released an app for Prism TV customers that allows them access to TV programs on multiple platforms. The company also made available fiber speeds of 1 gigabit per second to more than 4,000 business locations in Southern Nevada. Soma, a lingerie, loungewear and beauty product boutique, opened at Fashion Show mall.
glau
landess
Bob Glau opened a Synergy Sotheby’s International Realty sales office in the MacDonald Highlands Country Club Community. Jill Landess is a real estate specialist there. Sunrise Health System, comprising Sunrise Hospital and Medical Center, MountainView Hospital, Southern Hills Hospital and Medical Center, and Sunrise Children’s Hospital, launched an emergency room text notification service, InformER, to provide patients, family members and friends with status updates about a patient’s visit to the ER. Texted information includes the name of the patient’s nurse, nurse practitioner or doctor, when lab work was ordered and discharge information. The service is secure, and all text messages are HIPAA-compliant. Lola’s Louisiana Kitchen opened at 1220 N. Town Center Drive, Las Vegas, its second location.
Christopher Ipsen, assistant vice president of information technology and chief information officer for Nevada’s Desert Research Institute, was named SC Magazine’s 2015 Chief Security Officer of the Year, the publication’s highest individual honor for information technology security industry professionals in the United States.
Saks Fifth Avenue Off 5th, Foreign Exchange, Galleria Arte Fino and Kona Ice opened at Town Square.
Ramon Icasiano is chief operating officer of Zirtual, which matches
Buffalo Wild Wings and Texas Land & Cattle opened at Miracle Mile Shops.
4_VINotes_20150621.indd 4
Dignity Health-St. Rose Dominican’s Rose de Lima hospital acquired an Indego exoskeleton, expected to be in use in early 2016. Indego is a powered lower-limb device that allows patients who cannot walk to stand up and walk again. It’s used in rehabilitation centers as a therapy tool and as a mobility assistive device for patients in their homes. (courtesy)
Aristocrat’s social and mobile gaming subsidiary Product Madness won the “Social Slots Operator of the Year” title at this year’s eGaming Review North America Awards.
The Las Vegas Convention and Visitors Authority received the Outstanding Agency Accreditation Achievement Award from the Institute for Public Procurement. The award recognizes excellence in public procurement. Walgreens opened at the corner of Las Vegas Boulevard and Sahara Avenue. Architectural firm Marmol Radziner completed its design for Ascaya’s first showcase home. The 7,373-squarefoot home south of Horizon Ridge Parkway off Roma Hills Drive will include four bedrooms, four baths and a powder room. Tide Dry Cleaners opened at 10010 W. Sahara Ave., Las Vegas. Litigation Services, which provides litigation support services to law firms and corporate legal departments across the country, launched a new website, litigationservices.com. Clif Bar CrossVegas selected Forté PR as its public relations agency of record. Forté will provide strategic planning and develop community relationships on behalf of CrossVegas, the largest cyclocross event in the United States. DB Labs, LLC, received state approval and certification to begin safety and potency testing of medical cannabis products. DB Labs is the first lab licensed to test medical cannabis in Southern Nevada.
RH (Restoration Hardware) is the Phase II anchor tenant of Tivoli Village. The store is set to open in 2016. Vista Cocktail Lounge opened at Caesars Palace. Haggen Inc. converted seven local Vons and Albertsons stores to Haggen Food & Pharmacy shops. The stores are at 1031 Nevada Highway, Boulder City; 2910 Bicentennial Parkway, Henderson; 190 N. Boulder Highway, Henderson; 7530 W. Lake Mead Blvd., Las Vegas; 575 College Drive, Henderson; 820 S. Rampart Blvd., Las Vegas; and 1940 Village Center Circle, Las Vegas. Advanced Technologies Academy was ranked the No. 1 high school in Nevada and was recognized with a Gold Medal Award by U.S. News & World Report. A-Tech also made the magazine’s top 100 Magnet School Ranking. A-Tech offers programs in architectural drafting and design, business management and administration, computer science, engineering, graphic design, legal studies, networking technology, and web design and development. The city of Las Vegas received a $600,000 solar energy rebate from NV Energy after completing four solar projects, including solar-covered parking at Durango Hills. Murray’s Cheese opened a shop in the Smith’s at 8180 Las Vegas Blvd. South, Las Vegas. The company plans to open three more valley locations in the coming months. Therapy, a restaurant, opened at 518 E. Fremont St., Las Vegas. Sempra U.S. Gas & Power’s Copper Mountain Solar 1 facility in Boulder City received Nevada OSHA’s Voluntary Protection Program Star award for exemplary safety performance. It’s the first solar plant to receive the honor.
6/19/15 3:54 PM
the interview Send your business-related information to news@vegasinc.com
5
VEGAS INC
June 21- June 27
Q&A with dana dwiggins
Law firm’s managing partner wears many hats Dana Dwiggins became managing partner at Solomon Dwiggins & Freer at age 32. In addition to practicing law — focusing on probate and trust litigation, small-business litigation, trust and estate administration, guardianships, and trust and wills — she oversees all financial aspects of the firm. How has your firm grown over the past 10 years? Our company has tripled in size, starting with only four attorneys and growing to 12. We have been able to remain a boutique law firm but compete in the market for high-end litigation in trust and estate law, representing clients throughout the state and across the nation. What is the importance of trust and estate law in Nevada? With many retirees living in Las Vegas, as well as wealthy individuals and people in second marriages, proper trust and estate planning is extremely important. Each individual’s estate planning is unique and should be tailored to the person’s needs and goals, whether to minimize taxes, assist children or other family members, provide for spouses, fulfill charitable purposes or avoid future litigation. Our firm is actively involved in legislation surrounding trust and estate and making sure the laws evolve with changes in society, such as the increased involvement of caregivers in elderly Attorney Dana Dwiggins, a partner at Solomon Dwiggins & Freer, strikes a balance between managing the people’s lives. Nevada is a friendly state for self- law firm and handling her own caseload, plus making time for family and devoting time and energy to Safe settled spendthrift trusts and other asset-protec- Nest, a nonprofit organization dedicated to ending domestic violence. (L.E. Baskow/staff) tion trusts. where it is generally very quiet and peaceful. Describe your management style. Although I consider myself a direct, take-charge What are some of the daily responsibilities Whom do you admire and why? person, I believe everyone at the firm is part of a of a managing partner? I admire my mother the most because she is the team. I have an open-door policy and believe comAs the managing partner, I oversee all financial most loving, caring and giving person I have ever munication is key to maintaining morale at the aspects of the firm and expenses and administramet. She never gets tired of helping others, and her firm. I am detail-oriented and involved in all astion of the firm, including licensing, benefits, ingreatest pleasure in life is simply putting a smile on pects of the firm’s administration and decisions surance. I also oversee all employment matters, others’ faces without ever expecting anything in affecting the company; however, I value people’s handle potential conflicts and manage all aspects return. participation and input in decisions that affect the of marketing. daily operations of the firm. I encourage people to What is your biggest pet peeve? continually challenge themselves and to produce a What is the most challenging part of your One of my biggest pet peeves in the law practice is work product that meets the highest standards, aljob? people who are not passionate about the law and the lowing them to develop the skills to be a respected I find it challenging to try to balance managing a services they provide. attorney, paralegal or legal assistant. successful law practice while building my own individual practice and dedicating a significant portion What is something that people might not Where do you see yourself and your comof my time to practicing law. know about you? pany in 10 years? Despite my reputation as being an aggressive litiOver the next 10 years, I plan to build on the What has been the most rewarding part of gator, I am actually a kind-hearted person who is firm’s achievements by continuing to litigate highly your job? very giving, and I enjoy bringing happiness to others. complex cases, which will further bolster the firm’s The success of the firm and its reputation as bereputation and shape trust and estate law across the ing Nevada’s largest trust and estate litigation firm Anything else you want to tell us? state. I plan to continue to manage the firm and ashas been the most rewarding to me. The firm’s Safe Nest, Nevada’s largest and most comprehensist in adding experienced, talented attorneys who reputation is well known and respected throughout sive nonprofit organization devoted to eradicating will contribute to the firm’s success and reputation. the legal community. domestic violence, offers services such as shelter, counseling, advocacy and prevention. It is my inWhat is your dream job, outside of your curWhat do you do after work? tention to raise awareness across the community rent field? After work, I generally spend time with my famabout the organization and its services, in addition If I were not a lawyer, I would consider being eiily cooking dinner, watching movies or doing differto applying my professional skill set to increase dother a personal trainer because of my love for physient activities with them. I am also an active board nations to Safe Nest. cal activities and health, or work in a bookstore, member of Safe Nest.
5_VI_Q&A_20150621.indd 5
6/19/15 3:53 PM
6
VEGAS INC
get to know a local business
June 21- June 27
Send your business-related information to news@vegasinc.com
by the numbers
1,700
Number of homes planned for the Cliffs, a new residential village under construction in Summerlin. The project is on 450 acres near Patrick Lane and Hualapai Way and is expected to be finished in about five years.
34 Percent
Share of Las Vegas homes in the foreclosure process but not yet bank-owned that have been abandoned by their owners. The national average is 24 percent.
4,000
Amount of power, in megawatts, that NV energy has procured in purchasing agreements over the past 15 years — enough electricity to power 7,000 Super WalMart stores for a year.
1,500
Number of employees Spirit Airlines hopes to hire this year. Eighty to 85 of those jobs will be in Las Vegas.
40,000
Number of customers Playa Solar LLC may supply energy to, according to the state Public Utilities Commission. Playa received preliminary approval to build a 200-megawatt solargenerating facility 15 miles northeast of Las Vegas.
3,363
Number of houses, condominiums and townhouses sold in May, down from 3,450 a year ago, according to the Greater Las Vegas Association of Realtors.
$211,250
Median price of homes sold in May through the GLVAR’s Multiple Listing Service — up 2.3 percent from a year ago.
52,000
Number of Nevadans who receive subsidies to help them afford health insurance. The U.S. Supreme Court is deciding whether people in states where the federal government runs health insurance marketplaces can keep their subsidies.
6-7_VI_MeetColumn_20150621.indd 6
Scott Jason owns and operates I Got Married in Vegas! Just Kidding, which creates elaborate pranks for customers to trick friends and family. (l.e. baskow/staff)
In Vegas, any day can be April Fool’s I Got Married in Vegas! able, and I think that is an amazjust kidding ing compliment. Being able to “I Got Married in Vegas! Just Address: 3623 Las Vegas Blvd. South, pull off a great prank means the Kidding” is a prankster experiSuite 213 images need to look as real as posence tourist attraction. We proPhone: 702-476-6515 sible and little details are covered. vide realistic images of different Email: info@igotmarriedinvegasjk.com I consider this very important. scenarios that customers supposWebsite: igotmarriedinvegasjk.com edly got into while visiting Las Hours and days of operation: 10 a.m.Vegas. They can get married, get What is the hardest part about 10 p.m. Sunday through Thursday; 10 a.m.-10 p.m. Friday and Saturday arrested, show off a baby bump or doing business in Las Vegas? Owned/operated by: Scott Jason win a casino jackpot without actuThe hardest part is that a lot of In business since: Feb. 26 ally doing any of those. the business is seasonal and deWe create an experience. For pendent on the amount of foot instance, with the fake wedding, traffic. we have an Elvis officiant conducting a ceremony, a ring exchange, a pronouncement and even a fake marriage What is the best part about doing business here? license with all of the couple’s information. A variety of People visiting Las Vegas are in a vacation state of photos are taken during and after the ceremony against mind. If a customer is willing to spend $40 on a guitara green screen, and customers receive prints as well as shaped sugary vodka drink, they most likely will be willelectronic images that can be uploaded instantly to Faceing to spend $35 on a joke experience of a lifetime. book to fool friends and family.
Describe your business.
What obstacles has your business overcome? What makes your business successful?
Las Vegas is the best place to have this type of business because a lot of times, tourists say their friends and family warn them not to get married or arrested while they are here. So we capitalize on that warning and create the best Vegas pranks you can think of. Who are your customers?
Mostly, prankster couples who want to get fake married, married couples who want a unique souvenir, and people who have a sense of humor and want a one-of-akind Vegas souvenir. What’s the most important part of your job?
Some people complain that our product is too believ-
I have had this idea for close to 10 years, and not until recently was I able to find a place that was suitable for the business. Getting our name and business out there and being recognized is a work in progress. How can Nevada improve its business climate?
Vegas the tourist attraction is a fun, adult playground; capitalize on this. Legalize, tax and control marijuana and prostitution. Use the tax money to better Las Vegas the city. Our school system could use some help. What have you learned from the recession?
When you have less of a cushion or fallback plan, you have more of a drive to be creative and find ways to succeed.
6/19/15 3:52 PM
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 Kyle Roerink’s lasvegassun.com story “Still buzzing: Why energy debates will be hot this summer in Nevada”: All of these negotiations should be conducted open door, open meeting and as transparent as humanly possible. Everyday Nevada residents should be provided the means to participate. ... Their voices are not being heard. — StarAliMistriel On the lasvegassun.com story “Gov. Sandoval signs major tax bill, vetoes 3 other measures”: Republicans raised taxes, and the Republican governor signed off on it. It will cost them politically. But it was the right thing to do. — NVBill
7
VEGAS INC
June 21- June 27
Don’t believe the myths about SBA loans
S
guest column: BA 504 loans are a great way to n SBA loans take too long. There Ann Santiago help small-business owners buy, is no need to panic if you need to get a build and improve commercial loan funded quickly. Loans typically can real estate. be prequalified within 24 hours. And The U.S. Small Business Administration’s because the same paperwork is used, 504 program offers below-market, fixed-interest rate once your bank approves the loan and the appraisal and financing that allows businesses to keep their working environmental reports are complete, SBA approval usually capital and use it to grow. The typical loan structure is complete within eight business days. includes a commercial lender providing up to 50 percent, n SBA 504 loans are for small projects. Unlike SBA an SBA loan for 40 percent and the business owner’s down 7(a) loans, there is no limit on the total project cost that payment as low as 10 percent. can be funded with an SBA 504 loan. Projects in excess of Every dollar not put into the ground can go toward $25 million have been financed. growth — new equipment, new hires, more marketing — n I already have an SBA loan, so I can’t get another. that drives revenue. Each SBA borrower can have any number of loans as long as Here are five common misconceptions about SBA loans: the SBA balance does not exceed $5 million or $5.5 million for manufacturers. Due to recent regulatory changes, the n SBA loans are for “small” businesses; my business limits are lifted for projects meeting energy reduction or is too big to qualify. “Small” is bigger than you think. alternative energy requirements. Under energy efficiency Many have annual revenues between $20 million and rules, there is no limit to the number of SBA loans a $100 million. It’s net worth and net profit that matter. Most business owner can have. privately owned, for-profit businesses qualify for SBA 504 If your business is expanding and you need to purchase loans. or build new space, an SBA 504 loan may be an attractive n Applying for an SBA 504 loan is complicated option. Don’t believe the myths. Take a few minutes to see and time-consuming. SBA 504 lenders use the same for yourself, and start working to achieve your business documentation as your bank. For most loans, there are just goals today. three additional forms the SBA needs to close escrow, and Ann Santiago is a senior vice president at TMC Financing. your SBA lender will help you with those.
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.
Shame on you, Gov. Sandoval! ... What happened to fair competition in business? — tnjsrch On Eli Segall’s vegasinc.com story “ ‘Zombie’ foreclosures in the Las Vegas Valley are up 16 percent this year”: Yet it’s build, build, build even more homes, further depressing the prices of neighborhoods with foreclosed homes. — NLVProg On the lasvegassun.com story “Why Americans are getting new credit cards”: It’s baffling why the United States is just now getting on board. — Hmm888
6-7_VI_MeetColumn_20150621.indd 7
6/19/15 3:53 PM
8
VEGAS INC
June 21- June 27
your Business-to-business news Send your business-related information to news@vegasinc.com
Switch’s application to leave NV Energy denied By kyle roerink Staff Writer
In a decision that could affect some of the state’s most influential businesses, the Public Utilities Commission of Nevada denied an application for a Las Vegas tech company to purchase and create power without NV Energy. The three-member commission denied the application on a 2-1 vote. Commission Chairwoman Alaina Burtenshaw and Commissioner David Noble voted down the application, citing concerns about potential rate increases for remaining NV Energy customers if Switch were to leave. Switch, a massive data center with customers such as eBay and Sony, is one of the utility’s biggest customers. Commissioner Rebecca Wagner was the dissenting vote. She suggested the commission conduct a new investigation into how much Switch should pay to leave NV Energy. She also suggested the PUC was disregarding the law that allows companies to create and purchase power Switch, the world’s largest data center, is one of NV Energy’s biggest without the utility if they consume more than 1 megawatt of power, pay customers — whether Switch likes it or not, the Public Utilities Commission recently ruled. (courtesy) an exit fee and receive PUC approval. Wagner said the order to deny the ments, meetings including lunch or exit was “almost a circumvention of “I don’t have enough information to dinner meetings, between you and the statute.” make an informed decision that staff’s Nevada Energy or Nevada Energy’s Despite the order, Switch does $27 million is reasonable,” Noble said. agents, lobbyists or representatives.” have a path to leaving the utility. The “The key is looking at the remaining PUC ordered that Switch and the customers and making sure there are utility take part in an “investigatory no harms or benefits. I don’t think ‘changing the workshop” to address the commisthere is enough information to do rules midstream’ sion’s remaining questions about how that.” Wagner supported Switch’s deparSwitch’s exit could affect the utility’s Wagner dismissed the notion, sayture as long as the company paid a $27 remaining customers. ing the commission “is changing the million exit fee. That figure was the Several days after the commission’s rules midstream. ... I can’t support product of the PUC’s regulatory opdecision, Switch signaled it would file that.” erations staff. a lawsuit against the PUC. The staff, which is independent of The company sent a “document the commission, determined Switch’s it started with enron destruction hold” to the PUC, the Buexit would not harm NV Energy’s reA new investigation will address reau of Consumer Protection, NV Enmaining customers if the tech comhow exit fees should be calculated and ergy and one of the power company’s pany paid the fee. a potential tariff on companies that lobbyists from R&R Partners, Pete All parties in the case calculated leave NV Energy. It may even suggest Ernaut. exit fees to determine an amount that changes to the 2001 law that allows The notice of the document hold, would allow rates to remain static for companies to leave the utility, which released by one of the parties in the other NV Energy customers. Switch was an effort to provide large-scale case and written by Switch’s legal proposed $18 million, while NV Enpower consumers with more options counsel, says Switch intends to “take ergy proposed nearly $60 million. for buying and creating power. additional actions” against the PUC They based their figures on threeLawmakers passed the law during and that “destruction of discoverable year forecasts — a formula the PUC the California energy crisis spurred by information is evidence of culpability has historically used for exit cases and Enron, the defunct energy company and misconduct. when the utility asks the commission that manipulated power markets in “This obligation extends to a duty to increase its rates. Western states to improperly control to preserve all emails, instant comBut Burtenshaw and Noble questhe price and availability of electricity. munications, SMS or text messages, tioned the accuracy of the three-year The investigation likely will involve phone call records, invoices, payforecast. some of the state’s premier casino
8_VI_IBLV_20150621.indd 8
companies — Wynn Resorts, Las Vegas Sands and MGM Resorts International, which also have applied to leave NV Energy. “I would hope that would be the direction the commission would go — to sit down and look at a global settlement for all this stuff,” said Randolph Townsend, a gaming commissioner and former state legislator who wrote the law that allows companies to exit the utility. protecting profits Together, the departures could mean a 10 percent reduction in the power company’s demand and the loss of some of its most profitable customers. NV Energy has invested hundreds of millions of dollars in infrastructure in the past 15 years, building generating capacity and procuring purchase agreements for more than 4,000 megawatts of power — the equivalent used by 7,000 Super Wal-Mart stores. The argument against large-customer exits hinges on utility expenditures for building new power infrastructure. Switch and the casinos argue that it’s unnecessary to build new power plants when demand is not growing and large-scale consumers are pushing to leave. NV Energy, which uses ratepayer money to expand its generation capacity and can earn a 9.8 percent return on investments, plans to spend at least $2 billion on new infrastructure in the next two years, according to a report from Berkshire Hathaway, NV Energy’s parent company based in Omaha, Neb. Matthew Maddox, president of Wynn Resorts, addressed the commission’s concerns about ratepayers by comparing earnings on the Strip to those of NV Energy. The utility earned $713 million in net operating income last year, a 27 percent increase from 2013. “Just to frame these numbers, Nevada Energy made more net income than the Las Vegas Strip last year,” he said. “You can’t have a 27 percent increase in operating profit with no break on ratepayers and then try to claim ratepayers will be harmed when your net operating income is more than the Las Vegas Strip.” That money, Maddox said, doesn’t stay in Nevada. “It goes to Omaha,” he said.
6/19/15 3:52 PM
your Business-to-business news Send your business-related information to news@vegasinc.com
9
VEGAS INC
June 21- June 27
Tax reform good for casinos, bad for EDC Streamlining of state’s live entertainment tax means festivals have new expense By J.D. morris Staff Writer
Upcoming changes to a Nevada tax on entertainment have casino representatives breathing a sigh of relief, but the organizers of two annual festivals that contribute millions of dollars to the state economy aren’t happy. Gov. Brian Sandoval signed a bill that aims to simplify the state’s live entertainment tax, which many big casinos and resorts have to pay. The bill replaces the current tiered system with a uniform levy on tickets and clarifies a complex set of qualifications and exemptions. Organizers of Burning Man and the Electric Daisy Carnival don’t like the bill because it means the tax will be imposed on them for the first time. Yet supporters say it will eliminate a lot of confusion for the casino industry about when the tax is applied. “The taxing authorities have had a difficult time trying to draw clear lines of what is live entertainment and what isn’t,” said state Sen. Mark Lipparelli, R-Las Vegas, one of the law’s sponsors. “That was partly just a result of the way entertainment has evolved in Nevada. It probably, at the time (the tax) was established, seemed more clear. But as entertainment options evolved in Nevada, it became much more difficult.” Currently, whether the tax is applied and how high the rate is depends on the size of a venue and a series of other considerations. Under the new law, the tax rate for everyone will be 9 percent of the admission charge. Nevada Resort Association President Virginia Valentine said her group, which lobbies on behalf of the casino industry, had pushed for reform of the tax for the past two legislative sessions. Like Lipparelli, Valentine said the current law created far too much ambiguity. “It wasn’t clear when something was entertainment and when it was happening in the background or in-
Fans pack the Circuit Grounds stage as Calvin Harris performs during the final night of the 2014 Electric Daisy Carnival at Las Vegas Motor Speedway. EDC will be subject to the revised live entertainment tax next year. Organizers called the tax “simply not a viable long-term strategy for any successful business.” (steve marcus)
cidental to something else,” Valentine said. “We very much supported the bill. We think it’s going to make it easier for both the regulators and the industry to interpret.” For example, the old law exempted entertainment in a restaurant, as long as there was no charge and it was incidental to other activities or part of the ambiance. That left room for interpretation — and disagreement — about what, exactly, qualified as incidental or ambient. The new law removes that exemption and renders it irrelevant with the clearer requirement that the tax kicks in when establishments charge for admission. Questions about when to apply the tax arose regularly, according to Gaming Control Board member Terry Johnson, who estimated the bill could resolve around 80 percent of such disputes. The control board is responsible for collecting the tax from all gaming establishments — think big resorts on the Strip — while the state Department of Taxation collects it from everyone else. According to Johnson, the control board collected nearly $140 million in live entertainment taxes in fiscal
year 2014, while the taxation department collected nearly $15 million. The bill removes exemptions for outdoor events and nonprofits, so Burning Man and EDC will be included in the second group of taxpayers. The only way for a nonprofit such as Burning Man to avoid taxation under the bill would be to sell fewer than 7,500 tickets; Burning Man draws more than 60,000 people. Naturally, the groups behind those desert festivals are not enthusiastic about what is for them a new expense, though neither will have to pay it until next year. Burning Man released a statement calling the tax reform “misguided” and emphasizing that its participants contribute upward of $40 million to the Nevada economy annually. Burning Man also doesn’t agree that it constitutes entertainment. Its statement said Black Rock City, the temporary desert gathering created by Burning Man patrons, is “a community of individuals who create their own experience.” “There is no entertainment provided,” Burning Man’s statement said. EDC organizer Insomniac, mean-
while, issued a thinly veiled threat to take its business elsewhere because of the tax, claiming the changes could cause the electronic dance music event to operate at a loss. “That’s simply not a viable longterm strategy for any successful business,” the Insomniac statement said. “One thing is certain, we never shy away from a challenge, and we hope we can find a way to produce Electric Daisy Carnival moving forward, while still maintaining the quality experience that our fans expect from us.” EDC has generated more than $1 billion in economic output for Clark County over the past five years, according to Insomniac. Lipparelli is sensitive to the concerns of the festivals but said he thinks they’re both socially conscious businesses that understand Nevada is an ideal place for their events. Fixing the tax also was about fairness for Lipparelli, a former chairman of the Gaming Control Board. “There’s a real imbalance to charging someone an admission tax when they’re inside a building and not charging someone a tax when they’re outside a building for the exact same activity,” he said. The major festivals aren’t the only new taxpayers under the bill. Disc jockey performances, which could be easily excluded before, will be subject to the tax, as will escorts. But exemptions persist. NASCAR, for instance, can avoid the tax if it conducts two or more races at a Nevada racetrack in the same calendar year. The bill also doesn’t consider go-go dancing to be live entertainment. Carole Vilardo, president of the Nevada Taxpayers Association, supported the changes to the tax, but she thinks lawmakers should go further. “I would like to see the rate lower than 9 percent, and to do that, you have to have the tax apply as broadly as possible,” Vilardo said. “While we’ve broadened the tax, we haven’t broadened it to the point that we could drop the rate even more.” The bill’s provisions will apply beginning Oct. 1.
“There’s a real imbalance to charging someone an admission tax when they’re inside a building and not charging someone a tax when they’re outside a building for the exact same activity.” — State Sen. Mark Lipparelli, R-Las Vegas
9-10_VI_IBLV_20150621.indd 9
6/19/15 3:51 PM
10
VEGAS INC
June 21- June 27
your Business-to-business news Send your business-related information to news@vegasinc.com
Mansion for rent — for the price of a car each month By eli segall Staff Writer
Built on a hillside, the Henderson mansion has marble flooring, a movie theater, an elevator and a wine cellar, along with replica sections of the Sistine Chapel’s paintings on the walls. If it were for sale, the three-story estate would cost millions. But the owners aren’t hunting for buyers. They are, however, trying to rent it out — for $18,000 a month. The recently listed house at 1703 Tangiers Drive in MacDonald Highlands appears to be the most expensive rental on the market in Southern Nevada. There are plenty of luxury homes for sale here at eye-popping prices, but how many people are willing to pay the cost of a car each month just to rent a place? More than you may think.
“Oddly enough, it happens,” Re/Max Advantage agent Diane Hawley said. The pool of potential renters is small and certainly not typical. It includes corporate big shots in town for a months-long assignment or other pooh-bahs new to the valley who need a place to stay while their custom home is being built. Their landlords, meanwhile, hop between homes in different cities, if not different countries. There are at least six homes in the valley whose owners want $10,000 or more per month in rent, listings show. Five are stand-alone mansions and one is in Sky Las Vegas, a 45-story luxury condo tower on the north Strip. The seven-bedroom, 12,205-squarefoot home on Tangiers has been on the rental market for a few weeks, listing broker Cheryl Davis said. She got an
offer from someone who was willing to pay $25,000 a month if the house were furnished, but the owners may balk at that, as it may cost $100,000 to fill it with furniture. “It’s a pretty big house,” said Davis, of brokerage firm Engel & Völkers. So is 1581 Villa Rica Drive, in the Seven Hills area of Henderson. The 7,177-square-foot home, available for move-in no sooner than August at $12,500 per month, is currently being rented for that price by a couple who needed the house for two months. They’re building one from scratch nearby. They paid all the rent and a $12,500 security deposit upfront — $37,500 total. The furnished, six-bedroom mansion has a billiards room, sits on a golf course, and has laundry rooms upstairs
and down. “The laundry room downstairs is as big as some condos I’ve seen,” said Hawley, the listing agent. Davis rents out homes for at least $5,000 a month three to five times a year. Despite the big prices, Las Vegas megamansion rental rates are a steal compared with those in, say, Southern California, San Francisco or New York, she said. There are 59 homes in Beverly Hills, Calif., listed on Zillow for at least $10,000 a month in rent, including a 15,000-square-foot house for $120,000 per month. If the home on Tangiers were in California, Davis said, it would cost “$60,000 a month, I guarantee you.” “That’s how crazy it is over there,” she said of the Golden State. “So $18,000 a month is chump change.”
Roseman University buys more land for medical school
Prospect of school district breakup muddies construction financing
By jackie valley
By ian whitaker
Staff Writer
Staff Writer
Roseman University has picked up 3.5 acres of land in Summerlin, expanding its campus for a future medical school. The university bought the land at South Hualapai Way and Discovery Drive for $3.1 million from the Howard Hughes Corp., the developer of Summerlin, officials announced. The land purchase completes the first phase of Roseman’s master plan for the Summerlin campus, which includes an additional 9.25 acres of adjacent undeveloped land and two buildings: the Ralph & Betty Engelstad Cancer Research Building and the former Nevada Cancer Institute building. In April, Roseman announced it had purchased the former Nevada Cancer Institute building for $23 million from the University of California, San Diego. The Summerlin campus will house the university’s allopathic medical school, which is making its way through the accreditation process. The goal is to enroll a first class of 60 medical students in fall 2017 — the same timeline proposed for a UNLV medical school. The second phase of Roseman’s master plan might include building additional facilities for medical education, research and student services as the College of Medicine grows, officials said. “Bringing a medical school to Summerlin is a point of pride for all who live and work in the community,” Kevin Orrock, president of Summerlin for Howard Hughes Corp., said in a statement. “Roseman College of Medicine is well positioned to be a big part of the ongoing evolution and uplift of our entire city, attracting and retaining talent and expanding access to quality medical care,” Orrock said. Roseman, founded in 1999, also has campuses in Henderson and South Jordan, Utah, for its colleges of dental medicine, pharmacy and nursing, and an MBA program.
Financing for new schools is on shaky ground after Gov. Brian Sandoval signed a bill into law to break up the Clark County School District. The district has started site preparation work for 14 new schools it plans to build in the next two years. But Sandoval’s signature on the controversial bill has sparked uncertainty about who will decide where future bond money is spent if the district is split into five precincts. “The reality is at the end of the day, we don’t know what plan they are going to come up with,” district Chief Financial Officer Jim McIntosh said. There’s still a chance that plans to break up the district could be killed by a legislative commission next session. But the district is concerned about the impact even the threat of breakup will have on its bond rating and its position in the bond market. If investors think buying bonds from the school district is risky, it could end up paying more of its anticipated $4 billion in bond revenue toward interest, McIntosh said. After the bill was passed, the district got a call from an analyst at Moody’s Investors Service, a credit rating agency, wanting to talk about a potential breakup of the district, Mc-
9-10_VI_IBLV_20150621.indd 10
Intosh said. Superintendent Pat Skorkowsky noted: “Uncertainty in a bond market is never a good thing.” The process, however, is nowhere close to being settled. The committee that will be in charge of figuring out details — including how newly created precincts will share revenue and money for new construction with the Clark County School District — likely won’t be appointed until about September. After that, the district will have to wait for a feasibility study, a series of public meetings and a final vote before a legislative commission in 2017. The concerns are nothing new to Republican Assemblyman David Gardner, sponsor of the legislation. He has repeatedly said the issues would be worked out by the committee. For now, the district has been moving forward with about $500 million in bond sales already approved by the board of trustees, while disclosing to investors of the potential for change in the future. Bond sales won’t take place until late this year. The same goes for construction work on new schools, which takes about nine months to finish. “We were all ready to move forward,” Skorkowsky said. “It has given us pause as to how we will progress.”
6/19/15 3:51 PM
G RE AT WE ATH ER. G RE AT FO O D. G RE AT VI EW.
D E L I C I O U S PA T I O D I N I N G A T A W A R D - W I N N I N G R E S T A U R A N T S
D I N I N G R O O M & PAT I O S E AT I N G 7 0 2 . 7 9 7. 7 7 7 7 F O R R E S E R V A T I O N S
11011 West Charleston Boulevard / Las Vegas / 702.797.7777
• redrock.sclv.com • Like us on Facebook.com/RedRock
© 2015 STATION CASINOS, LLC. MANAGEMENT RESERVES ALL RIGHTS.
0000123429-01.indd 1
ROCK 113322 Frs RestaurantRow_VegasIncAD • AO> 10.5”x13.5” • 4/c – DUE to PUB: 5/1
5/1/15 10:40 AM
JOIN US for the 2015 Women’s Leadership Conference
July 13 & 14 at MGM Grand Las Vegas
Join hundreds of motivated women, along with a dynamic lineup of engaging and inspirational speakers, for a two-day journey designed to enhance your career, build your professional network and maximize your leadership potential. For more information and to register now, please visit mgmresortsfoundation.org
0000124187-01.indd 1
6/2/15 4:05 PM
Save the Date! Thursday, October 8, 2015 5:30 P.M. to 8:30 P.M. Village Hospitality 1214 South 3rd Street | Las Vegas, NV 89104
Benefitting Susan G. Komen of Southern Nevada
Visit www.komensouthernnevada.org or www.facebook.com/vipinklasvegas for more information
0000123992-01_VINC_SusanGKomen_Ad.indd 1 0000123992-01.indd 1
5/22/15 5/22/15 12:54 2:16 PM
ŠTHE ROGERS FOUNDATION
The Vision to Transform Lives Through Arts and Education At The Rogers Foundation, we are leaving a legacy of opportunity, achievement and success. Founded by James E. and Beverly Rogers, the Foundation was established to provide innovative and exciting opportunities in arts and education for children and students throughout Southern Nevada.
To learn more about The Rogers Foundation and our legacy project, visit: TheRogers.Foundation
0000123979-01.indd 1
5/21/15 4:55 PM
your Business-to-business news Send your business-related information to news@vegasinc.com
15
VEGAS INC
June 21- June 27
chain restaurants, from page 1
‘Over 43 million mouths to feed, if we add the locals’ that restaurant chains from other U.S. regions are more willing to gamble on Las Vegas. “In general, I can tell you that Las Vegas is a great place to do business and that the tax structure is favorable,” said Jace Radke, a spokesman for the city of Las Vegas. “Many national chains have long called Las Vegas home, and there are always more looking to locate to our city because of the growth of the community and the world-famous Las Vegas brand.” Until recently, there were valid reasons for chains to stay away. “In its heyday years, it was probably too expensive,” said Ryan Mathews, founder and CEO of Detroitbased Black Monk Consulting. “Also, it’s a bit counterintuitive: Gamblers had access to essentially free or heavily discounted food every time they turned around, and conventioneers had planned meals at events. As for the pure tourists, most folks don’t leave home to discover things that remind them of home. And during the building boom, labor was at a premium. So on paper, it wasn’t an idea that made much sense.” Another reason was logistics. “Distribution for chain restaurants is very important,” said Katherine Jacobi, president and CEO of the Nevada Restaurant Association. “It costs a lot of money to rail or truck things across country, and a lot of them are based back East. You can’t fly food or goods anywhere; it’s just too expensive, so it didn’t make any sense for them.” In years past, too, Nevada’s highways were less able to handle the necessary truck traffic, Jacobi said, and only one rail line comes to Las Vegas. Also different is the city’s vibe. “Vegas was primarily a gambling town,” said Jeffrey Bank, CEO of Alicart Restaurant Group, which brought Carmine’s to the Forum Shops at Caesars in July 2013. “Now, it is a vacation town.” Why now? Restaurant chains are coming now because of all the factors that make Las Vegas Las Vegas. “Chains are like water — they follow the path of least resistance and seek their own level,” Mathews said. “Many urban and suburban markets are simply hyper-saturated with food chains, so growth will follow concentrations of populations deemed underserved.” Indeed, Mathews calls Las Vegas “perfect” for chains such as Shake Shack and White Castle. “The population is fixed and transient, made up of service workers seeking fast, convenient, inexpensive meals; heavy gamers who may be down on their luck; tourists looking for a familiar touch of home, especially for the kids; and conventioneers who need to eat but may not be interested in fighting the food lines in the casinos,” Mathews said. “It’s amazing it took them this long to see the potential.” “Vegas delivers traffic,” said John Andrews-Anagnostaras, president of Las Vegas- and Shanghai-based food service consultancy Landmark Design Inc. and managing principal of International Fabrication Specialists, which builds advanced-technology food
1, 15_VICover_20150621.indd 15
their locals. I say, when are they bringing Roy Rogers’ chicken here?” Until recently, many chain executives were afraid to come to Las Vegas, “thinking that when people come here they just want to dine at their hotel,” said Joy Rosen, a veteran Las Vegas restaurateur and caterer who now works as a public relations representative. “But they want to try new things. I think the tone of Vegas now is changing, bringing a lot more families, and that’s what these chains cater to.” Beyond that, Rosen said, “There is no state tax, so chains have to realize they’re going to get one of the biggest tax breaks of any state. To me, that’s the key — and that the amount of people who come through this city is more than probably any other.”
Shake Shack opened in January at New York-New York. (mikayla whitmore/staff file)
trucks and trailers. “In 2014, there were 41,126,512 visitors here. This is in a city of just over 2.1 million inhabitants. Not many other cities in the nation can match these statistics. Over 43 million mouths to feed, if we add the locals. That is a lot of traffic.” Beyond that, setting up a business in Las Vegas “is probably the easiest in the nation,” said AndrewsAnagnostaras, “and there is no personal tax. Also, Las Vegas has a labor force accustomed to hospitality, and one that is easy to train. Housing costs are still low, and there is housing available.” But what Andrews-Anagnostaras calls the key factor is “the Great Recession is just about over, and (chains) are looking at areas with high people concentrations, which makes Las Vegas an obvious target.” “Las Vegas is a very strong market, and while gaming revenues may be down, dining is up,” Bank said. “The Shake Shacks and White Castles of the world are feeding the masses, who are looking for cheap food fast, and there are millions passing through Vegas each year.” “The real answer to ‘Why would chains start coming here?’ is: Why not?” said Steve Nachwalter, principal of the global Nachwalter Consulting Group in Las Vegas. “I think the real allure of familiar chains branching out is the diversity of the people here. I’m from the East Coast, so I think White Castle is a great idea. I’m sure there are people from the South who can’t believe there is no Waffle House here. My wife, who happens to be Egyptian, still can’t believe we have a glass pyramid with the brightest light that shines into space but no Egyptian restaurant.” Nachwalter said tourists and locals alike “will agree that only good can come from a familiar chain serving comfort foods. It’s nice to have a meal that reminds us of where we came from, the times we shared with friends, and the good memories of spending time with people we like. Vegas is the perfect place to welcome its visitors and reminisce with
Assuring success So what should the city do to make sure the new arrivals are successful? “They have already done it,” Andrews-Anagnostaras said. “There are plenty of world-class architectural and engineering firms, at reasonable costs. Getting plans through the planning folks, including the Southern Nevada Health District, is easy, with plenty of experienced contractors to build anything.” “Keep the room rates low, as that is the White Castle/Shake Shack customer base,” Bank said. Not everyone is optimistic. Barry Minkin, a futurist and global management consultant, believes restaurant chains — and other businesses in Las Vegas — are about to take it on the chin because of economic factors. “Las Vegas will suffer a downturn due to a poor economy, more competition from other gambling venues and a severe water crisis that will limit building,” Minkin said. Most national chains will not be able to thrive here, he said. “The best locations within a mile of mid-Strip are already taken,” Minkin said. “There will be opportunities in the many mall foods courts, however. Fast food will continue to take a larger share of the eatout budget as both in-state and visiting retirees and lower-income people try to stretch their shrinking discretionary dollars.” Short of economic paralysis, however, the picture looks good. “You can’t guarantee success in a free market,” Mathews said. “That said, there are the usual tricks municipalities play to spur development: tax abatements; recruiting businesses to come to Vegas; fasttracking building applications; simplifying the regulatory and inspection processes; developing ‘turnkey’ solutions to dealing with local, county and state government; and designating urban renewal zones.” Nachwalter is confident the chains will thrive. “If you are successful in your market, then you should be in any market,” Nachwalter said. “Delicious is delicious. Fun is fun. If you give a kid a Lego in any part of the world, whether he speaks English or not, he will know how to use it. Some things don’t have to be taught or voted on. If you have a great product, the world will figure it out.”
6/19/15 3:56 PM
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
0000120388-01.indd 1
3/24/15 12:47 PM
17
VEGAS INC
your Business-to-business news
June 21- June 27
Send your business-related information to news@vegasinc.com
Calendar of events Monday, June 22 VYP Toastmasters meeting Time: 6:30-8 p.m. Cost: Free Location: Las Vegas Metro Chamber of Commerce, 575 Symphony Park Ave., Suite 100, Las Vegas Information: Email info@vegasyp.com Just starting your professional career? The Vegas Young Professionals will teach you speaking, presentation and leadership skills.
Tuesday, June 23 Office Depot breakfast Time: Registration begins 7:30 a.m. Cost: Free Location: Office Max, 8720 W. Charleston Blvd., Las Vegas Information: Visit web.lvchamber.com/events Network with local professionals and learn about the perks of becoming a Metro Chamber member. This event is in honor of Office Depot’s merger with OfficeMax.
Wednesday, June 24 “Office - What’s the Deal?” Time: Registration begins 11:15 a.m. Cost: $60 Location: Palms, 4321 W. Flamingo Road, Las Vegas Information: snccim.org A panel discussion with experts from the commercial and investment real estate industries. “Managing Litigation for Nonlitigators” Time: 11:45 a.m-1:15 p.m. Cost: Free for Association of Corporate Counsel members, $20 for nonmembers Location: Cili at Bali Hai Golf Club, 5160 Las Vegas Blvd. South, Las Vegas Information: Email ACCnevada@gmail.com Learn litigation management techniques, break down an employment discrimination lawsuit and gain insight on how to manage the costs of litigation. Munch and Mingle for nonprofits Time: 11:45 a.m-1:15 p.m. Cost: Free Location: Clark County Library, 1401 E. Flamingo Road Information: Call 702-507-3459 Meet new people or reconnect with friends and colleagues from the local nonprofit community at this networking lunch. Coffee and water will be supplied; bring your own lunch and information about your organization.
Thursday, June 25 CBER’s 2015 Midyear Economic Update Time: 8-10:30 a.m. Cost: $100 Location: Venetian, 3325 Las Vegas Blvd. South, Las Vegas
17_VI_calendar20150621.indd 17
Information: Visit cber.unlv.edu/outlook.html Members of UNLV’s Center for Business and Economic Research will present the center’s economic outlook for the United States and Southern Nevada. Robert Lang, director of Brookings Mountain West, will discuss opportunities and obstacles for Southern Nevada’s long-term growth. Henderson Chamber of Commerce networking mixer Time: 5-8 p.m. Cost: $15 for members, $25 for nonmembers, additional $10 for walk-ins Location: Fleming’s Prime Steakhouse and Wine Bar, 6515 Las Vegas Blvd. South, Las Vegas Information: Email disraelson@hendersonchamber.com Swap business cards and share contacts, referrals and ideas with local business professionals. Business After Hours at Carmine’s Time: 5:30-7:30 p.m. Cost: Free for members and guests Location: Carmine’s NYC inside Forum Shops at Caesars, 3500 Las Vegas Blvd. South, Las Vegas Information: Email jfisher@lvchamber.com Enjoy Italian food in a private dining area while expanding your business network. Nevada Restaurant Association and Nevada Hotel & Lodging Association’s 2015 bowling tournament Time: 12-4 p.m. Cost: $39 Location: Orleans Bowling Center, 4500 W. Tropicana Ave., Las Vegas Information: Visit nvrestaurants.com Enjoy a fun day of bowling and a chance to win cash prizes. All proceeds will fund hospitality scholarships. The Social Register’s business networking mixer Time: 6-8 p.m. Cost: Free for members and guests, $20 for nonmembers Location: Emerald at Queensridge, 891 S. Rampart Blvd., Las Vegas Information: Email srlv@socialregister.com Get to know local doctors, attorneys and smallbusiness owners, and expand your business network. Business 101: Debunking the Myth of Franchising Time: 6 p.m. Cost: Free Location: Clark County Library, 1401 E. Flamingo Road Information: Call 702-507-3459 Sarah Brown discusses the franchise business model to those who want to explore small business ownership as a full-time career change.
Friday, June 26 2015 Celebration of Civil Liberties Time: 5:30-7:30 p.m. Cost: $125 Location: Panevino Ristorante, 246 Via Antonio Ave., Las Vegas Information: Visit aclunv. Shelley Berkley (staff file) org/event/2015 Former Congresswoman Shelley Berkley will be honored with the 2015 Emilie Wanderer Civil Libertarian Award.
Saturday, June 27 Clark County Medical Society Presidential Installation Dinner Time: Reception begins 6 p.m. Cost: $90 Location: Worldview at World Market Center, 495 S. Grand Central Parkway, Suite #2203, Las Vegas Information: Visit clarkcountymedical.org The Clark County Medical Society will honor incoming president Dr. Andrew Eisen and recognize several professionals in the medical field.
Tuesday, June 30 The Social Register’s business workshop Time: 11:30 a.m.-1 p.m. Cost: Free for members and guests, $20 for nonmembers Location: Spanish Trails Country Club, 5050 Spanish Trail Lane, Las Vegas Information: Email srlv@socialregister.com Matthew Hutchings, of Dolomite Technology, will discuss ways to keep your business’s information technology safe and secure. TMA webinar: “Utilizing and Preparing Valuation Experts in Bankruptcy Litigation” Time: 4-5:30 p.m. Cost: $29 for Turnaround Management Association members, $119 for nonmembers Location: Visit turnaround.org Information: Email emenet@turnaround.org Richard Costello, of Principal Finances and Capital Markets, will moderate a discussion about bankruptcy litigation. Cocktails and Conversations Time: 5:30-7:30 p.m. Cost: $100 Location: Orleans, 4500 W. Tropicana Ave., Las Vegas Information: Email mrodolico@lvchamber.com Mix and mingle with Nevada’s elected leaders as they share their thoughts on issues affecting the state and its business community. Contributions will support BizPAC, the chamber’s political action committee.
6/19/15 3:50 PM
18
VEGAS INC
the data
June 21- June 27
Send your business-related information to news@vegasinc.com
Records and Transactions BID OPPORTUNITIES WEDNESDAY, JUNE 24 2:15 p.m. Desert Breeze Recreation Center exterior and interior painting Clark County, 603613 Sandy Moody-Upton at scm@ ClarkCountyNV.gov
La Bar and Michael Shaffner of Avison Young Buyer: Michael Kaplan Buyer agent: Jay Mitterlehner of American Realty Properties
3 p.m. Current production model 3/4-ton pickups Clark County, 603726 Sandra Mendoza at sda@ClarkCountyNV.gov
$400,000 for 2.94 acre, land North Jones Boulevard and La Madre Way, Las Vegas Seller: Hood River Management Services LLC Seller agent: Did not disclose Buyer: Mosaic Five LLC and The Khusrow Family Trust Buyer agent: Vince Schettler of Colliers International
FRIDAY, JUNE 26
leases
2:15 p.m. Flamingo diversion Rainbow branch and Rainbow Boulevard, Sunset Road to Russell Road Clark County, 603657 Tom Boldt at tboldt@ClarkCountyNV.gov 2:15 p.m. Gomer Road, Fort Apache Road to Buffalo Drive signing and striping modifications Clark County, 603713 Tom Boldt at tboldt@ClarkCountyNV.gov
BROKERED TRANSACTIONS Sales $24,250,000 for 115,000 square feet, retail 4955 S. Fort Apache Road, Las Vegas 89148 Seller: Birkeland Family LLC Seller agent: Did not disclose Buyer: Crossroads Plaza LV LLC Buyer agent: Al Twainy of Colliers International $3,000,000 for 27,285 square feet, retail 5752 S. Fort Apache Road, Las Vegas 89148 Seller: SNR Holdings Seller agent: Jacqueline Young and Liz Clare of Avison Young Buyer: RPM Investments Buyer agent: Did not disclose $800,000 for 7,824 square feet, industrial 4045 E. Post Road, Las Vegas 89120 Seller: Post Pacific LLC Seller agent: Amy Ogden and Danielle Steffen of Cushman & Wakefield Commerce Buyer: RRFT Combines Asset LLC Town Center Series Buyer agent: Did not disclose $560,000 for 7,695 square feet, multifamily 1114 E. Clark Ave., Las Vegas 89101 Seller: Lu and Dale Siewert Seller agent: James Slack, Michael
18-20_VIData_20150621.indd 18
$809,000 for 12,647 square feet, office for 84 months 2625 S. Rainbow Blvd., Building A, Suite 100 and Building B, Suite 100, Las Vegas 89146 Landlord: Rainbow 2625 LLC Landlord agent: Barton Hyde of Avison Young Tenant: Professional Institute of Technology and Accounting Tenant agent: Did not disclose $669,674 for 6,538 square feet, retail for 78 months 6181 S. Rainbow Blvd., Suite 101, Las Vegas 89118 Landlord: Mayflower Properties LP Landlord agent: Robert S. Hatrak II of Virtus Commercial Tenant: Blaine R. Hansen Tenant agent: Mike Abel of Lee & Associates $333,408 for 2,750 square feet, retail for 60 months 9340 E. Sahara Ave., Suite 100-101, Las Vegas 89117 Landlord: 9940 West Sahara Holdings LLC Landlord agent: Dan Hubbard and Todd Manning of Cushman & Wakefield Commerce Tenant: THS LV LLC Tenant agent: Did not disclose $263,820 for 19,958 square feet, industrial 5440 S. Procyon St., Las Vegas 89118 Landlord: Procyon East LLC Landlord agent: Jennifer Levine of Voit Real Estate Services Tenant: General Supply & Services dba Gexpro Tenant agent: Kris Knapstein of DTZ $198,362 for 1,469 square feet, retail for 60 months 6584 N. Decatur Blvd., Suite 120, Las Vegas 89131 Landlord: Eagle Crossroads Center 2 LLC Landlord agent: Preston Abell and Jeff Mitchell of Virtus Commercial Tenant: Sweets Nation LLC Tenant agent: Cait Messina of Coldwell Banker
$197,499 for 372 square feet, retail for 60 months 725 Las Vegas Blvd. South, Suite 270, Las Vegas 89101 Landlord: Harrison Properties LTD Landlord agent: Dan Hubbard and Todd Manning of Cushman & Wakefield Commerce Tenant: So-Cal Speed Shop Hot Rod Apparel Inc. Tenant agent: Did not disclose $159,274 for 288 square feet, retail for 60 months 725 Las Vegas Blvd. South, Suite 260, Las Vegas 89101 Landlord: Harrison Properties LTD Landlord agent: Dan Hubbard and Todd Manning of Cushman & Wakefield Commerce Tenant: MLT Trading Tenant agent: Did not disclose $103,623 for 1,985 square feet, office for 36 months 8020 W. Sahara Ave., Suite 235, Las Vegas 89117 Landlord: CCP I & II Sahara LLC Landlord agent: Nicholas Barber and Jeremy Foley of Cushman & Wakefield Commerce Tenant: CQES and LTC Continuum Tenant agent: Did not disclose $90,259 for 1,200 square feet, retail for 63 months 235 N. Eastern Ave., Suite 130, Las Vegas 89101 Landlord: Partch-Lebovitz Family Trust Landlord agent: Matt Feustel of Virtus Commercial Tenant: Daisy and Sonia Aguilar Tenant agent: Matt Feustel of Virtus Commercial $85,219 for 2,520 square feet, office for 24 months 7391 W. Charleston Blvd., Suite 140, Las Vegas 89117 Landlord: Hospitalists of Nevada Landlord agent: Nicholas Barber and Jeremy Foley of Cushman & Wakefield Commerce Tenant: Hospitals of Nevada Tenant agent: Did not disclose $60,000 for 1,300 square feet, office for 36 months 2298 Horizon Ridge Parkway, Suite 204, Henderson 89052 Landlord: Cedarwood Holdings Landlord agent: Kris Watier and Brian Seibold of Avison Young Tenant: Fleetlogix Inc. Tenant agent: Did not disclose $54,000 for 1,034 square feet, office for 69 months 6787 W. Tropicana Ave., Suite 105, Las Vegas 89118 Landlord: 6787 Tropicana LLC Landlord agent: Barton Hyde of Avison Young Tenant: Apex Properties and Management Tenant agent: Did not disclose
Re BUSINESS LICENSES Nevada Malco Services Business type: General contractor Address: 5985 McLeod Drive, Las Vegas Owner: Malco Services Nevada Inc. Nevada School Of Professional Studies Business type: School Address: 6820 W. Cheyenne Ave., Las Vegas Owner: M Staff Solutions LLC Nevada State Title LLC Business type: Title insurance company Address: 777 N. Rainbow Blvd., Suite 140, Las Vegas Owner: Jeff L. Sommers Nicholas (Nick) Maio Business type: Real estate sales Address: 1925 Village Center Circle, Suite 150 , Las Vegas Owner: Maio Enterprises LLC Nina’s Hair and Nails and Barber Shop Business type: General retail sales Address: 9330 Sun City Blvd., Suite 101 and 102, Las Vegas Owner: Nina A. Fernandez Nu-Way Security Business type: Private investigators Address: 7251 W. Lake Mead Blvd., Las Vegas Owner: Nu-Way Security And Investigative Services Inc. Orenda Therapeutic Services PLLC Business type: Professional services Address: 1334 S. Maryland Parkway, Las Vegas Owner: Felisa Huene Os Construction Services Inc. Business type: General contractor Address: 6465 W. Sahara Ave, Suite 101, Las Vegas Owner: William Sharp Osvaldys Cleaning Services Business type: Residential property maintenance Address: Did not disclose, Las Vegas Owner: Neyra Peinado Page Industrial Supply Inc. Business type: Building, plant nursery and hardware supplies Address: 2901 Highland Drive, Suite 4G, Las Vegas Owner: Kent Osborne Parading Irises Fine Art Gallery Business type: Sales/services Address: 2645 Cheer Pheasant Ave., North Las Vegas Owner: Debra Seney Parti Pak Productions Business type: Alcohol beverage
caterer Address: 2800 W. Sahara Ave., Suite 2C and Suite 3C, Las Vegas Owner: Parti Pak Productions Inc. Patty’s Closet Business type: Retail Address: 4780 W. Ann Road, Suite 2, North Las Vegas Owner: Just 4 Love LLC Perfume Outlet Business type: Retail Address: 875 S. Grand Central Parkway, Suite K-3b, Las Vegas Owner: BH Retailing Inc. Ping Du Business type: Reflexology practitioner Address: 6340 W. Charleston Blvd., Suite 130, Las Vegas Owner: Ping Du Pizza Hut Business type: Food services Address: 10420 W. Cheyenne Ave., Suite 110, Las Vegas Owner: Las Vegas Pizza LLC Premium Car Sales Business type: Automotive sales Address: 1501 N. Eastern Ave., Las Vegas Owner: Premium Auto Sales LLC Pro Customs Of Henderson Business type: Body shop Address: 680 Middlegate Road, Henderson Owner: Pro Customs Of Henderson LLC Professional Document Products Business type: General services Address: 3371 W. Oquendo Road, Las Vegas Owner: Professional Document Products LLC Pulse Link Corp. Business type: Public utility telephone Address: 5041 N. Rainbow Blvd., Las Vegas Owner: Aaron Hunsaker Purrfect Auto Service #14 Business type: Service station Address: 2005 S. Decatur Blvd., Las Vegas Owner: Maxum Moe Investments Inc. R. Directional Drilling & Underground Technology Business type: General contractor Address: 4590 Copper Sage St., Las Vegas Owner: Jose Ruiz-Luna Ragtime Cleaning Service LLC Business type: Residential property maintenance Address: 9935 Shadow Grove Ave., Las Vegas Owner: Christine Hohman
6/19/15 3:45 PM
Rancho Business Address Suite Q, Owner: R
Randy M Business Address Circle, S Owner: R
Red Moo Business tenance Address Vegas Owner: R
Reiki Fo Business Address Suite 101 Owner: M
Richard Business Address Suite 105 Owner: R
Roof Env Business Address Henders Owner: R
RSVP Business consultin Address Vegas Owner: R
San Plum Business nursery Address Suite 100 Owner: V Inc.
Scope C Business ments Address Suite B, Owner: A
Shawn H Business Address Road, Su Owner: S
Sigma A Business Address Suite 130 Owner: A
Silver St Business Address Las Veg Owner: S Sin City
19
VEGAS INC
the data
June 21- June 27
Send your business-related information to news@vegasinc.com
Records and Transactions Rancho Circle Laundromat Business type: Tobacco dealer Address: 2401 W. Bonanza Road, Suite Q, Las Vegas Owner: RCL Services Randy Milmeister Business type: Real estate sales Address: 1925 Village Center Circle, Suite 150 , Las Vegas Owner: Randy H. Milmeister LLC Red Moon Business type: Repair and maintenance Address: Did not disclose, Las Vegas Owner: Roberto Wences Reiki For Stress Relief Business type: Instruction services Address: 2400 N. Tenaya Way, Suite 101, Las Vegas Owner: Michele Ficano Richard V. Querney Business type: Real estate sales Address: 2310 Paseo Del Prado, Suite 105, Las Vegas Owner: Richard V. Querney Roof Envy Inc. Business type: General contractor Address: 405 Woodridge Drive, Henderson Owner: Roof Envy Inc. RSVP Business type: Management or consulting service Address: Did not disclose, Las Vegas Owner: RSVP Elite LLC San Plumbing Supply Business type: Building, plant nursery and hardware supplies Address: 3700 E. Charleston Blvd., Suite 100, Las Vegas Owner: Van Marcke Trade Supply Inc. Scope Contracting Business type: Tenant improvements Address: 3170 E. Sunset Road, Suite B, Las Vegas Owner: A&R Group LLC Shawn Hong Business type: Real estate sales Address: 5550 Painted Mirage Road, Suite 140, Las Vegas Owner: Shawn Hong Sigma Auto Business type: Automotive sales Address: 2410 N. Decatur Blvd., Suite 130, Las Vegas Owner: Apex Hills LLC Silver State Gaming Business type: Restricted gaming Address: 3103 N. Rancho Drive, Las Vegas Owner: Silver State Gaming Inc. Sin City Modz
18-20_VIData_20150621.indd 19
Business type: Sales/services Address: 2205 Keller Court, North Las Vegas Owner: Christopher Beers Sir Smoke A Lot Hookah Lounge Business type: Sales/services Address: 3960 W. Craig Road, North Las Vegas Owner: Brenda Mejia SolarCity Corp. Business type: Nonfarm product vendor Address: 302 S. Rampart Blvd., Las Vegas Owner: Seth Weissman Solstice Sunglass Boutique Outlet Business type: General retail sales Address: 785 S. Grand Central Parkway, Suite 2109, Las Vegas Owner: Solstice Marketing Concepts LLC Southern Nevada Desert Mermaids Business type: Community services Address: 11700 W. Charleston Blvd., Suite 170-378, Las Vegas Owner: Carrie Stanton Space City Assembly Business type: Sales/services Address: 6520 Butterfly Sky St., North Las Vegas Owner: Vincent Mendez Specialists Real Estate Business type: Real estate sales Address: 9350 Sun City Blvd., Suite 100 and Suite 150, Las Vegas Owner: Justine Lynn Ries Star Custom Signs Business type: General retail sales Address: 875 S. Grand Central Parkway, Kiosk 2427, Las Vegas Owner: Laura Pamplona Stephanie Dibbs Business type: Real estate sales Address: 7448 W. Sahara Ave., Suite 106, Las Vegas Owner: Stephanie Dibbs Street Dogs Venezuelan Style LLC Business type: Non-farm product vendor Address: 1600 N. Rampart Blvd., Las Vegas Owner: Luis Fernandez Systems Performance Partners Business type: Computer consulting services Address: 1036 Aspen Daisy Ave., Henderson Owner: Randal Hartwig and Theresa Hartwig T’s Kitchen Business type: Nonfarm product vendor Address: 1600 N. Rampart Blvd., Las Vegas Owner: Tmira Elimlich
Taylor Atwell Business type: Real estate sales Address: 1215 S. Fort Apache Road, Suite 210, Las Vegas Owner: Taylor Atwell Terramind LLC Business type: Instruction services Address: 2400 N. Tenaya Way, Suite 101, Las Vegas Owner: Anita Babinszki-Saldana Tetra Tech Inc. Business type: Contractor Address: 1489 W. Warm Springs Road, Suite 110, Henderson Owner: Tetra Tech Inc. Thai Kitchen Express Business type: Food services Address: 332 W. Sahara Ave., Las Vegas Owner: Thai Kitchen LLC The Downtowner Business type: Residence hotel Address: 218 N. Eighth St., 120 N. Eighth St. and 116 N. Eighth St., Las Vegas Owner: DT Lodging LLC The Wet Seal Business type: Clothing Address: 1300 W. Sunset Road, Suite 1241, Henderson Owner: The Wet Seal Total Vegas Events Business type: General services Address: 9490 W. Diablo Drive, Las Vegas Owner: Lisa C. Chapman Trinity Land Surveying Inc. Business type: Surveying firm Address: 3650 N. 5th St., Suite 140, North Las Vegas Owner: Trinity Land Surveying Inc. Underground Skateboard Shop Stratosphere Business type: Sporting goods Address: 2000 Las Vegas Blvd. South, Suite D06, Las Vegas Owner: Silver Nevada Royce West LLC Up In Smoke 2 Electronic Cigarettes & E-Juice Business type: Vapes and electronic cigarettes Address: 875 S. Grand Central Parkway, Suite K111, Las Vegas Owner: Vapor Rage LLC Vazquez Insurance And Multiservices Business type: Business support service Address: 1839 E. Charleston Blvd., Las Vegas Owner: Cortes Vazquez LLC Vegas Valley Demolition LLC Business type: General contractor Address: 8565 S. Eastern Ave., Suite 150, Las Vegas Owner: Vegas Valley Demolition LLC
Vegas Valley Sports Management Business type: Food services Address: 240 W. Fairway Road, Las Vegas Owner: Vegas Valley Sports Management LLC Vernessa Johnson Business type: Real estate sales Address: 9525 Hillwood Drive, Suite 120, Las Vegas Owner: Vernessa Johnson Wasted Americana Business type: General retail sales Address: 5710 W. Charleston Blvd., Las Vegas Owner: Georgina Garcia Anaya Water FX LLC Business type: Contractor Address: 740 N. Valle Verde Drive, Las Vegas Owner: Did not disclose Wireless Express Business type: General retail sales Address: 4252 E. Charleston Blvd., Las Vegas Owner: Mr. Fy LLC World Of Watches Business type: General retail sales Address: 875 S. Grand Central Parkway, Suites 35 and 79, Las Vegas Owner: BH Retailing Inc. Yoga For Everybody Business type: Instruction services Address: 2400 N. Tenaya Way, Suite 101, Las Vegas Owner: Emmerson LLC Z Mart Business type: Tobacco dealer Address: 1451 W. Owens Ave., Las Vegas Owner: Platinum Management Group 2 LLC Zimmerman Law Firm Pc Business type: Professional services Address: 7670 W. Lake Mead Blvd., Suite 140, Las Vegas Owner: Brian F. Zimmerman Zzyzx Construction LLC Business type: Residental improvement Address: 2470 Chandler Ave., Las Vegas Owner: Zzyzx Construction LLC
BUILDING PERMITS $5,461,664, hospital institution 10625 Jeffreys St., Henderson Seven Hills Hospital B $1,977,031, medical office 10615 Jeffreys St., Henderson Seven Hills Hospital B $986,750, commercial - remodel 519 N. Stephanie St., Henderson
Ulta Beauty $750,000, tenant improvement 4131 E. Bonanza Road, Las Vegas Developers Choice Inc. $432,793, disaster 5921 Smoke Ranch Blvd., Las Vegas Kalb Industries of Nevada Ltd. $321,930, mounted photovoltaic system 8304 Fawn Meadow Ave., Las Vegas SolarCity Corporation $254,404, residential - production 2774 Sacred Court, Henderson Greystone Nevada LLC $254,404, residential - production 2782 Sacred Court, Henderson Greystone Nevada LLC $250,190, residential - custom 1794 Anelli Court, Henderson Tyler Christopher & Marta Revoca $226,487, single-family 328 Calgrove St., Las Vegas Greystone Nevada LLC $221,910, residential - production 2816 Josephine Drive, Henderson Richmond American Homes Of Nevada $221,910, residential - production 2864 Josephine Drive, Henderson Richmond American Homes Of Nevada $217,086, residential - production 2540 Pont Marie Drive, Henderson Richmond American Homes Of Nevada $211,982, single-family 323 Calgrove St., Las Vegas Greystone Nevada LLC $211,982, single-family 338 Calgrove St., Las Vegas Greystone Nevada LLC $211,007, single-family 331 Calgrove St., Las Vegas Greystone Nevada LLC $200,340, residential - production 1164 Apollo Gardens St., Henderson Greystone Nevada LLC $196,197, single-family 339 Calgrove St., Las Vegas Greystone Nevada LLC $194,962, residential - production 1168 Apollo Gardens St., Henderson Greystone Nevada LLC $192,465, commercial - remodel 1410 Jet Stream Drive, Suite 170, Henderson Pacific Dental Services
6/19/15 3:45 PM
20
VEGAS INC
your Business-to-business news
June 21- June 27
Send your business-related information to news@vegasinc.com
Records and Transactions $191,302, residential - custom 1141 Dufort Hills Court, Henderson DR Horton Inc. $186,256, residential - production 2778 Sacred Court, Henderson Greystone Nevada LLC $178,992, residential - production 2175 Maderno St., Henderson Pardee Homes Of Nevada $178,992, residential - production 2182 Maderno St., Henderson Pardee Homes Of Nevada $178,900, office - tenant improvement 3185 W. St. Rose Parkway, Suite 311, Henderson Titanium Building Group LLC $173,871, single-family 7261 Orchard Harvest Ave., Las Vegas DR Horton Inc. $173,871, single-family 7301 Orchard Harvest Ave., Las Vegas DR Horton Inc. $173,447, residential - production 1092 Day Marks Lane, Henderson Greystone Nevada LLC $171,562, residential - production 2170 Maderno St., Henderson Pardee Homes Of Nevada $171,070, single-family 9095 Mastodon Ave., Las Vegas DR Horton Inc. $171,070, single-family 9102 Mastodon Ave., Las Vegas DR Horton Inc. $169,954, residential - production 2183 Maderno St., Henderson Pardee Homes Of Nevada $169,954, residential - production 2178 Maderno St., Henderson Pardee Homes Of Nevada $164,464, residential - production 2859 Shining Sun Way, Henderson Greystone Nevada LLC $160,949, single-family 9101 Mastodon Ave., Las Vegas DR Horton Inc. $160,949, single-family 9096 Mastodon Ave., Las Vegas DR Horton Inc. $160,638, residential - production 2561 Prairie Pine St., Henderson Pardee Homes Of Nevada $160,472, residential - production 2855 Shining Sun Way, Henderson Greystone Nevada LLC $160,472, residential - production 2863 Shining Sun Way, Henderson
18-20_VIData_20150621.indd 20
Greystone Nevada LLC $160,266, single-family 245 Besame Court, Las Vegas Toll South LV LCC $157,810, residential - production 717 Gulf Pearl Drive, Henderson KB Home Nevada Inc. $155,537, residential - production 2174 Maderno St., Henderson Pardee Homes Of Nevada $154,317, residential - production 2179 Maderno St., Henderson Pardee Homes Of Nevada $150,016, commercial - remodel 140 S. Green Valley Parkway, Suite 122, Henderson Kamus & Keller $150,000, single-family 8905 Tavistock Court, Las Vegas Crisci Builders $150,000, wall/fence 9711 Eagle Canyon Ave., Las Vegas Integrity Masonry Inc. $146,497, single-family 7410 Old Compton St., Las Vegas Greystone Nevada LLC $143,775, residential - new 4364 Shady River Ave., North Las Vegas KB Home Nevada Inc. $143,006, residential - production 694 Bollons Island St., Henderson KB Home Nevada Inc.
$136,699, single-family 12210 Tempestad Ave., Las Vegas Toll South LV LCC $135,531, single-family 7417 Old Compton St., Las Vegas Greystone Nevada LLC $135,531, single-family 7414 Old Compton St., Las Vegas Greystone Nevada LLC $135,177, single-family 6945 Lakota Summit Court, Las Vegas DR Horton Inc. $135,000, commercial - addition 4975 N. Pecos Road, North Las Vegas Southwest Material Handling $134,434, single-family 7935 Torreys Peak St., Las Vegas Ryland Homes $133,118, single-family 444 Trevinca St., Las Vegas Ryland Homes $132,764, residential - new 3509 Starlight Ranch Ave., North Las Vegas J.F. Shea Co. Inc. $130,584, residential - production 3163 Fortunati Walk, Henderson KB Home Nevada Inc. $128,699, residential 279 Inflection St., Henderson Richmond American Homes Of Nevada
$142,395, residential - production 715 Gulf Pearl Drive, Henderson KB Home Nevada Inc.
$126,054, single-family 10439 Prairie Mountain Ave., Las Vegas Ryland Homes
$142,395, residential - production 724 Gulf Pearl Drive, Henderson KB Home Nevada Inc.
$125,193, single-family 440 Trevinca St., Las Vegas Ryland Homes
$140,498, single-family 6942 Lakota Summit Court, Las Vegas DR Horton Inc.
$125,000, commercial - remodel 871 Coronado Center Drive, Suite 200, Henderson Denali Builders
$140,327, single-family 7221 Orchard Harvest Ave., Las Vegas DR Horton Inc.
$123,813, single-family 7853 Saber Tooth St., Las Vegas DR Horton Inc.
$139,839, single-family 9090 Mastodon Ave., Las Vegas DR Horton Inc.
$120,465, single-family 6952 Lakota Summit Court, Las Vegas DR Horton Inc.
$137,294, residential - production 920 Lynne Harbor Ave., Henderson KB Home Nevada Inc. $137,294, residential - production 3128 Dalmazia Ave., Henderson KB Home Nevada Inc. $136,906, residential - production 928 Harbor Ave., Henderson KB Home Nevada Inc.
$115,100, commercial - alteration 1815 E. Lake Mead Blvd., North Las Vegas Alan Jeskey Builders Inc. $114,670, residential - production 2847 Shining Sun Way, Henderson Greystone Nevada LLC $114,670, residential - production 2851 Shining Sun Way, Henderson
Greystone Nevada LLC $114,171, residential 275 Inflection St., Henderson Richmond American Homes Of Nevada $113,227, single-family 7859 Saber Tooth St., Las Vegas DR Horton Inc. $108,959, single-family 7935 Blue Lake Peak St., Las Vegas Adaven Homes LLC $107,887, single-family 7856 Saber Tooth St., Las Vegas DR Horton Inc. $107,510, single-family 10617 Kennedy Peak Lane, Las Vegas Ryland Homes $106,774, single-family 7939 Blue Lake Peak St., Las Vegas Adaven Homes LLC $104,986, commercial 777 S. Grand Central Parkway, Las Vegas Whiting Turner Contracting $104,272, single-family 7919 Mineral Peak St., Las Vegas Adaven Homes LLC $103,549, single-family 7871 Saber Tooth St., Las Vegas DR Horton Inc. $103,549, single-family 9321 Bright Blue Sky Ave., Las Vegas DR Horton Inc. $103,549, single-family 9325 Bright Blue Sky Ave., Las Vegas DR Horton Inc. $103,442, single-family 9028 Good Humored Court, Las Vegas Greystone Nevada LLC $103,192, residential 271 Inflection St., Henderson Richmond American Homes Of Nevada $102,527, residential - production 713 Gulf Pearl Drive, Henderson KB Home Nevada Inc. $100,742, residential - new 3505 Starlight Ranch Ave., North Las Vegas J.F. Shea Co. Inc. $100,475, residential - production 3159 Fortunati Walk, Henderson KB Home Nevada Inc. $100,475, residential - production 3161 Fortunati Walk, Henderson KB Home Nevada Inc.
$100,419, residential - production 395 Ambitious St., Henderson Ryland Homes $100,419, residential - production 265 Persistence Court, Henderson Ryland Homes $100,335, single-family 7938 Blue Lake Peak St., Las Vegas Adaven Homes LLC $100,335, single-family 7934 Blue Lake Peak St., Las Vegas Adaven Homes LLC $100,000, commercial 4131 E. Bonanza Road, Las Vegas Developers Choice Inc. $100,000, tenant improvement 4131 E. Bonanza Road, Las Vegas Developers Choice Inc. $95,587, single-family 9121 Blue Crystal Court, Las Vegas TNP Construction Company
CONVENTIONS Society for Human Resource Management (SHRM) - Annual Conference & Exposition 2015 Location: Las Vegas Convention Center Dates: June 28-30 Expected attendance: 18,000 Institute of Transportation Engineers - Technical Conferences & Exhibits 2015 Location: Planet Hollywood Dates: July 8-14 Expected attendance: 500 Freedom Fest 2015 Location: Planet Hollywood Dates: July 8-12 Expected attendance: 700 USA/BMX Las Vegas Grand Nationals - 2015 Location: Equestrian Events Center at the South Point Dates: July 10-12 Expected attendance: 900 UFC Fan Expo 2015 Location: Sands Expo & Convention Center Dates: July 10-11 Expected attendance: 12,000 Cosmoprof North America 2015 Location: Mandalay Bay Dates: July 12-14 Expected attendance: 23,000 To receive a complete copy of Data Plus every week in Excel, please visit vegasinc.com/subscribe.
6/19/15 3:45 PM
Experience Extraordinary Visit Any Of Our 33 Las Vegas Locations
In Remembrance of
Monty Montierth
BOW CHICA
With sadness in our hearts we say goodbye to a wonderful individual, colleague, and friend. Monty passed away peacefully at his home. He will be remembered for his many contributions, but mostly his insatiable curiosity, love for the arts, great sense of humor and unforgettable personality.
low-cost spay and neuter clinic now open procedures starting at just $65
animalfoundation.com 702-384-3333 x137
— New customers only —
L I C E N S E D F O R F U L L B A R & L I Q U O R C AT E R I N G | 7 0 2 . 8 7 6 . 1 1 0 6 | T O P D O G C AT E R I N G. C O M
TAILORED MENUS
059_tsd_062115.indd 1
FULL SERVICE CATERING
CORPORATE EVENTS
6/19/15 3:41 PM
22
VEGAS INC
your Business-to-business news
June 21- June 27
Send your business-related information to news@vegasinc.com
The List 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Category: Highest-paid executives (Ranked by total compensation based on most recent available sec filing*) Total compensation
Salary
Bonus
Stock awards
Option awards
Non-equity incentive
All other compensation
Robert G. Goldstein President, COO Las Vegas Sands Corp.
$48,652,290
$1,500,000
—
—
$45,045,000
$1,450,500
$656,790
Gary Loveman President, CEO Caesars Entertainment Corp.
$32,650,741
$1,900,000
—
$20,799,680
$6,025,403
$2,437,500
$1,488,158
Steve Wynn Chairman, CEO Wynn Resorts Ltd.
$25,322,854
$4,000,000
—
$10,000,000
—
$10,000,000
$1,322,854
Sheldon Adelson Chairman, CEO, treasurer Las Vegas Sands Corp.
$11,991,724
$1,000,000
—
$1,825,000
$1,825,000
$3,712,026
$3,629,698
Ram V. Chary President, CEO Global Cash Access Holdings Inc.
$11,654,669
$632,692
—
$1,424,000
$9,438,033
—
$159,944
James J. Murren Chairman, CEO MGM Resorts International
$10,183,159
$2,000,000
—
$3,499,993
—
$4,081,536
$601,630
Anthony M. Sanfilippo CEO Pinnacle Entertainment Inc.
$7,845,234
$1,200,000
—
$4,475,908
$1,424,426
$741,000
$3,900
Keith E. Smith President, CEO Boyd Gaming Corp.
$5,926,590
$1,250,000
—
$2,488,674
$545,802
$1,593,750
$48,364
Robert H. Baldwin Chief design and construction officer, director MGM Resorts International
$5,536,516
$1,650,000
—
$1,100,018
—
$2,736,585
$49,913
Linda Chen President of Wynn International Marketing Wynn Resorts Ltd.
$5,386,249
$1,500,000
—
$1,500,000
—
$1,500,000
$886,249
Stephen Cootey Senior vice president, CFO, treasurer Wynn Resorts Ltd.
$5,296,853
$587,307
$625,000
$3,958,800
—
—
$125,746
Rajesh C. Shrotriya Chairman, CEO Spectrum Pharmaceuticals Inc.
$4,828,563
$900,000
$900,000
$723,000
$2,011,423
—
$294,140
Matt Maddox President Wynn Resorts Ltd.
$4,814,400
$1,500,000
—
$1,500,000
—
$1,500,000
$314,400
William J. Hornbuckle IV President MGM Resorts International
$4,623,680
$1,250,000
—
$1,400,005
—
$1,913,220
$60,455
Thomas Jenkin Global president of destination markets Caesars Entertainment Corp.
$4,373,820
$1,200,000
—
$1,712,480
$903,742
$525,000
$32,598
Kim Sinatra Executive vice president, general counsel, secretary Wynn Resorts Ltd.
$4,325,954
$840,769
—
$2,474,875
—
$850,000
$160,310
Carlos A. Ruisanchez President, CFO Pinnacle Entertainment Inc.
$4,280,205
$800,000
—
$2,595,877
$367,428
$513,000
$3,900
Name
*Total compensation = Salary + bonus + value realized on exercise of stock options + value realized on sale of restricted stock + non-equity incentive plan compensation+ All other compensation Source: The companies’ filings with the Securities and Exchange Commission 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 charts, omissions sometimes occur and some businesses do not respond. Please send corrections or additions on company letterhead to Julie Ann Formoso, research associate, VEGAS INC, 2360 Corporate Circle, Third floor, Henderson, NV 89074.
22_VI_List_20150621.indd 22
6/19/15 3:44 PM
ONE STUDENT. ONE TEACHER. NO LIMITS.
Premier Accredited 1:1 Private School Looking to Open in Las Vegas Join us for an introductory meeting where you can meet key staff and learn more.
TUESDAY, JUNE 30 Henderson Meeting 5:00 - 7:00PM
Greenspun Media Group 2360 Corporate Circle, Henderson, NV
Summerlin Meeting 7:00 - 9:00PM
6787 West Tropicana Ave, Las Vegas, NV (Tropicana and Rainbow)
1:1 Instruction • Flexible Scheduling • Grades 6-12 • Technology Enriched Classrooms Founded in 1985, Halstrom Academy has 15 Campuses located throughout San Francisco, Los Angeles, Orange County and San Diego. Full-Time | Part-Time | Courses for Credit | College Prep | AP | Tutoring WASC Accredited | UC/CSU Certified | NCAA Approved | Open Enrollment
LVSUNADLV0615
0000124774-01.indd 1
Halstrom Academy
Learn More and RSVP Today
HalstromEvent.com 6/19/15 2:58 PM
KUDOS FOR QUALITY. 2015 Hyundai
GENESIS
275
LEASE FOR
$
PER MONTH
36 MONTH CLOSED END LEASE ON APPROVED CREDIT.
$6970 DUE AT LEASE SIGNING ($3375 CASH OUT OF POCKET OR TRADE EQUITY AND $595 ACQUISITION FEE. AMOUNT DUE IS AFTER $3000 HMF LEASE CASH.) $0 SECURITY DEPOSIT REQUIRED.TAX, TITLE, AND LICENSE FEES EXTRA. MUST FINANCE THROUGH HMF. TERMINATION FEE $400 AT LEASE END. PURCHASE OPTION AT LEASE END $23,089.65. 10K MILES PER YEAR WITH $.15 PER MILE THEREAFTER
2014 Hyundai Genesis. “Highest Ranked Midsize Premium Car in Initial Quality, Two Years in a Row.”
2015 Hyundai
EQUUS
498
LEASE FOR
$
PER MONTH
36 MONTH CLOSED END LEASE ON APPROVED CREDIT.
$12,244 DUE AT LEASE SIGNING ($5899 CASH OUT OF POCKET OR TRADE EQUITY AND $595 ACQUISITION FEE. AMOUNT DUE IS AFTER $5750 HMF LEASE CASH.) $0 SECURITY DEPOSIT REQUIRED.TAX, TITLE, AND LICENSE FEES EXTRA. MUST FINANCE THROUGH HMF. TERMINATION FEE $400 AT LEASE END. PURCHASE OPTION AT LEASE END $33,723. 10K MILES PER YEAR WITH $.15 PER MILE THEREAFTER
• • • • • • •
ENJOY DESIRABLE PREMIUM FEATURES WITHOUT EXTRA CHARGES
BLIND SPOT
LANE DEPARTURE
HEATED STEERING
DETECTION WARNING WHEEL PLANET HYUNDAI (702) 605-6864
PLANETHYUNDAISAHARA.COM
SMART CRUISE
19-INCH ALLOY
CONTROL WHEELS 7150 W. SAHARA JUST WEST OF RAINBOW
95
215 15
215
ALL OFFERS EXPIRE 6/30/15.
0000124127-01.indd 1
6/5/15 11:10 AM