vegasinc.com | November 8-14, 2015
Attendees flood the Las Vegas Convention Center as the trade show floor opens during the 2014 International Consumer Electronics Show. (steve marcus/staff file)
If we build it, will even more come? LVCVA aims to expand valley’s convention business with Riviera lot and upgrades, but some object to plan By J.D. Morris | STAFF WRITER
Las Vegas tourism officials have a clear goal: They want to expand and renovate their convention facilities to meet demand for more space from trade shows, capture new business and fend off competition from other cities. ¶ But accomplishing their objective isn’t so simple. ¶ The Las Vegas Convention and Visitors Authority has yet to secure the riviera, Continue d on page 15
$25
Starting price of memorabilia that decorated the recently shuttered Las Vegas Club and now is for sale at the Plaza.
$40M
Asking price for 57 acres of undeveloped land on the far end of the Strip that Station Casinos is trying to sell. One of the sales requirements is that the land not be used for gaming.
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CONTENTS
VEGAS INC NOV. 8 - NOV. 14
PUBLISHER Donn Jersey (donn.jersey@gmgvegas.com)
EDITORIAL
NOTEWORTHY STORIES
05 06 18 Q&A WITH DEBBIE LANDRY
The CEO of Redhead Enterprises is fulfilling a lifelong dream by launching a fashion show in Las Vegas, and making it accessible to the masses. She talks about what kind of label she would like to produce, her biggest pet peeve in fashion and her favorite lunch spots. THE NOTES People on the move, P4
MEET: ARCPOINT LABS
For Jimmy Platt, keeping up with technological advancements is not just a good business philosophy, it’s a survival strategy. Being able to adapt to the changing needs of his industry keeps his company healthy. TALKING POINTS Health news shocker: Don’t overdose on bacon, 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: General contractors, P22
EDITOR Delen Goldberg (delen.goldberg@gmgvegas.com) MANAGING EDITOR Dave Mondt (dave.mondt@gmgvegas.com) ASSISTANT MANAGING EDITOR/SPORTS AND DIGITAL Ray Brewer (ray.brewer@gmgvegas.com) ASSISTANT MANAGING EDITOR/POLITICS Scott Lucas (scott.lucas@gmgvegas.com) STAFF WRITERS Kailyn Brown, Julie Ann Formoso, Adwoa Fosu, Megan Messerly, J.D. Morris, Kyle Roerink, Daniel Rothberg, Cy Ryan, Eli Segall, Jackie Valley, Pashtana Usufzy, Ian Whitaker COPY DESK CHIEF John Taylor COPY EDITORS Jamie Gentner, Brian Sandford SPECIAL PUBLICATIONS EDITOR Craig Peterson 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 COORDINATOR Denise Arancibia ADVERTISING DIRECTOR Jeff Jacobs EXTERNAL CONTENT MANAGER Emma Cauthorn BUSINESS DEVELOPMENT SPECIALIST Sandra Segrest ACCOUNT MANAGERS Katie Harrison, Dawn Mangum, Breen Nolan, Sue Sran ADVERTISING MANAGERS Jim Braun, Brianna Eck, Frank Feder, Kelly Gajewski, Justin Gannon, Chelsea Smith, Tara Stella GREENSPUN MEDIA GROUP SALES ASSISTANT Steph Poli
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, Dany Haniff TRAFFIC SUPERVISOR Estee Wright TRAFFIC COORDINATORS Kim Smith, Meagan Hodson
CIRCULATION DIRECTOR OF CIRCULATION Ron Gannon ROUTE MANAGER Joel Segler
GREENSPUN MEDIA GROUP CEO, PUBLISHER & EDITOR Brian Greenspun CHIEF OPERATING OFFICER Robert Cauthorn GROUP PUBLISHER Gordon Prouty EXECUTIVE EDITOR Tom Gorman MANAGING EDITOR Ric Anderson CREATIVE DIRECTOR Erik Stein
PAINFUL PROCESS PUTS LAS VEGAS REAL ESTATE MARKET ON THE MEND The signs of an abandoned house are all too familiar in the valley: padlocked doors, broken windows, dying trees and notices stuck with blue tape. Las Vegas grapples with a larger share of such homes than most U.S. cities. The valley has 16,752 vacant homes, comprising 2.6 percent of all residential properties. Nationally, 1.8 percent of homes are empty, according to RealtyTrac. Las Vegas also has a larger share of homes whose debt-laden owners have bolted. More than 9 percent of homes in the foreclosure process but not yet bank-owned are vacant here, compared with 5 percent nationally. Abandoned homes can poison a neighborhood. Vandals might steal appliances and copper wiring; squatters could move
in and trash the place; property values could drop. The valley’s abandoned houses are yet another sign of the recession’s long-lasting effects on ground zero of the housing boom and bust. But an improvement could be coming. Lenders have been ramping up foreclosures in Las Vegas this year, repossessing homes that likely have been empty and in disrepair for a long time. It’s unclear whether the banks will put them all up for sale quickly, as a flood of listings could push down prices. But the rising reposessions could lead to long-vacant homes finally being sold and occupied again — and shedding their padlocks and blue tape. — ELI SEGALL
VOLUME 2, ISSUE 44 Vegas Inc (USPS publication no. 15540), 2360 Corporate Circle, Third Floor, Henderson, NV 89074 is published every Sunday except the last Sunday of the year by Greenspun Media Group. Periodicals Postage Paid at Henderson, NV and at additional mailing offices. POSTMASTER: SEND ADDRESS CHANGES TO: Vegas Inc Greenspun Media Group 2360 Corporate Circle, Third Floor Henderson, NV 89074 702.990.2545 For inquiries, write to: Vegas Inc 2360 Corporate Circle, Third Floor Henderson, NV 89074 For back copies: Doris Hollifield at 702.990.8993 or e-mail at doris.hollifield@gmgvegas.com For subscriptions: Call 800.254.2610, or visit vegasinc.com. For annual subscriptions, $50. For single copies, $3.99.
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the notes
nov. 8 - nov. 14
Send your business-related information to news@vegasinc.com
Mindy Martinez of Western Risk Insurance earned a certified insurance counselor designation through the National Alliance for Insurance Education and Research. She is vice president of commercial lines and specializes in commercial property with a focus on wiener- difabbio homeowners associations and apartments. Jill Weiner-DiFabbio is a service representative and account manager at the company. Erica Benson and Curt Chambers are Nevada State Bank branch managers. Benson benson chambers manages the Twain and Jones branch, 3688 S. Jones Blvd., Las Vegas. Chambers manages the Centennial Hills branch, 6505 N. Buffalo Drive, Las Vegas. Todd Sims is Interblock’s vice president of operations. He previously was vice president of customer service at Bally Technologies. Ron Grogan is administrator of the Taxicab Authority. He succeeds Charles Harvey, who left sims in October. Jennifer DeRose, who served as acting administrator, returned to her job as deputy administrator. Andrew Simmons is director of the hospitality studio at Nadel Architects. Simmons’ notable projects include the renovation of the Sahara into the SLS, as well as MGM Park and Arena Plaza. North Las Vegas Library Disimmons rector Forrest Lewis is the 2015 Nevada Library Association Librarian of the Year. Jeff Brigger is economic development manager for NV Energy’s Economic Development Department. He manages planning, development, implementation and marketing of statewide growth strategies and economic development programs for NV Energy.
Piercy Bowler Taylor & Kern, a public accounting firm, promoted several employees in its audit and tax departments. Reas Allen and Josh Hallett are audit managers. Kyle Foutz, Kendon Galloway and Andrew Michaelis are audit senior associates. Tax accountant Aaron Merrill is senior associate.
allen
hallett
Lonnie Johnson and Norma Lopez are memberservices representatives at the Clark johnson County Credit Union.
lopez
Tronox Plant Manager Rick Stater serves on the McCaw School of Mines board of directors.
foutz
michaelis
galloway
merrill
Derek Wedgeworth is assistant general manager and Monique Clements is wedgeworth clements marketing director at Downtown Summerlin. Reggie Smith joined the preconstruction team and is a project manager at Korte Co. He acts as owner’s representative, contractor’s project manager and mechanical subcontractor project manager.
Caren Woodson and Lauren Payne, legislative policy experts with a combined 17 years of experience in the cannabis stater industry, joined licensing consulting firm National Licensing Services. Woodson and Payne will help clients stay in compliance with medical marijuana laws as required by the state Department of Health and Human Services. Matt Wilson is Aristocrat’s senior vice president of global gaming operations. He was the company’s senior vice president of sales and marketing. The Penta Building Group promoted Ruben Llamas from project engineer to senior wilson project engineer. The firm also hired Steve Jeppsen, Chad Corey, Teague Wolfley, Mason Biggi and Jeff MacCabe. Jeppsen is a senior virtual design construction engineer. Corey is safety manager. Wolfley is a project engineer. Biggi started with Penta in 2014 as an intern and was hired as a full-time project engineer. MacCabe was a VDC/BIM engineer intern and now works full time for the company. Cherryl Kaopua is an account executive at Faiss Foley Warren. Samantha Grimes is the Cosmopolitan’s public relations manager.
KemperSports was selected smith by Clark County to manage the Desert Rose Golf Club. The course was redesigned by Randy Heckenkemper and features a 4,400-square-foot clubhouse.
Chef Johnny Church and Artisanal Foods Catering & Café selected One7 Communications as their public relations agency of record. SpeedVegas, the 100-acre racing complex scheduled to open in 2016, named Vox Solid Communications its public relations agency of record.
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Q&A with debbie landry
Making high fashion accessible to everyone Redhead Enterprises, a marketing, advertising and trade show business, has branched out into the fashion world. Beginning Nov. 13, it will host the inaugural Prêt–à–Porter Las Vegas — Ready to Wear, a three-day fashion show at the Rio. For Debbie Landry, CEO of Redhead Enterprises, launching a fashion show and designing a brand have been lifelong dreams. What is the best business advice you’ve received, and whom did it come from? Never treat employees as employees but as respected members of your team. Hire them to do a job, and let them do it. What inspired you to start the Prêt–à–Porter event? The event was born out of a desire to attend a real fashion show, like during New York Fashion Week. The only problem is, there are no opportunities for the general public to attend these types of events unless you are wealthy, a celebrity, a designer or a buyer. Since I have always been interested in fashion and doing a fashion show, it was a great opportunity to launch just that here in Southern Nevada for every fashionista out there. They can walk a red carpet, have their photos snapped and watch great retail stores and local designers show their garments, their designs and enlighten a crowd. If you started a fashion line, what Debbie Landry, CEO and owner of Redhead Enterprise, has worked with several retailers to create the Prêt–à–Porter Las would your brand look like? Vegas — Ready to Wear fashion show. Among the show’s retail partners is White House Black Market at Fashion Show Mall. It would be a ready-to-wear line of Tickets can be purchased at readytowearlv.com. (steve marcus/staff) comfortable clothing for women who Where do you like to go hiring of a new sales manager, new may want to hide some bumps and if you go What: Prêt–à–Porter Las Vegas — for business lunches? sales people, a new staff of employees lumps but be stylish and look fabuReady to Wear fashion show There are so many great places in and an office in 2016. lous. When: Nov. 13-15 this town and so many lunches to atWhere: Rio tend. A few favorites are Cili, NordIf you could live anywhere else How did you get into the Tickets: readytowearlv.com strom Café, BJ’s, Brio and California in the world, where would it be? advertising industry? Pizza Kitchen. Probably Hawaii. We were there By accident. I’m a creative person, last August, and I didn’t want to come and selling advertising led to other opIf you could change one thing back. I just love the people, the cliBreak Through the Blocks and Win portunities: trade shows (I had 10 years about yourself, what would it be? mate, the beautiful seas — what’s not Your Inner Creative Battles.” I read of training in that industry), then marMy impatience and inability to deal to love? — and I’m sure I’d get plenty only self-help books. keting came along, and here we are. with stress; they both sometimes of visitors. get the better of me. One of my dear What do you do after work? You’re involved in a lot — friends who is on my team for this Whom do you admire and why? Is there life after work? I watch TV business, philanthropy, show teaches meditation. I believe So many, but I guess from a busito unwind, play with the new puppy entrepreneurism. How do after this event is over, she will be ness standpoint, my former boss, and enjoy time with my husband. you keep everything teaching me this art, but only after who taught me business ethic, fun balanced and organized? my trip to Hawaii to relax. and hard work and to always work as Where do you see yourself and It’s tough, but I have great support a team, not as an employee. your company in 10 years? with my business team and now with What is something people might Since our plan is to produce the the show team — and, I guess, a “rednot know about you? What is your biggest pet peeve? fashion show twice per year (fall/ headed attitude” to get things done I enjoy country music and once was a Leggings, if not worn correctly. winter and spring/summer), our foand always succeed. member of the Country Music AssociaIf paired right, they’re wonderful. cus needs to grow with this event. tion. I was recommended for memberHowever, they were never meant to The marketing and advertising part What are you reading? ship by a great friend, Garth Brooks! replace pants. of the business will continue with the I just finished “The War of Art:
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VEGAS INC
get to know a local business
nov. 8 - nov. 14
Send your business-related information to news@vegasinc.com
by the numbers
$9.4 billion
Amount Walgreens will pay to buy rival Rite Aid. The deal will result in Walgreens owning almost 18,000 stores worldwide.
$29.4 million
Net profit made in September by Caesars Entertainment Operating Co., which filed for Chapter 11 bankruptcy reorganization in January.
35 percent
Additional stake in the Golden Gate majority owner Derek Stevens plans to acquire from Mark Brandenburg, whose family founded the casino. Stevens and his brother already own 65 percent of the 122-room Golden Gate.
8
Number of large banking companies, including JPMorgan Chase & Co., Bank of America Corp. and Citigroup Inc., that may have their credit grades cut by Standard & Poor’s based on the assumption the federal government may not provide aid in a financial crisis.
14
Urgent-care centers that HCA acquired in Nevada. HCA now owns 65 urgentcare centers nationwide.
10,000
Amount of space, in square feet, being added to Zayo Group Holdings’ Las Vegas data center. Zayo, which will expand to 28,000 square feet when construction is completed, provides Nevada businesses with colocation and interconnection services.
18.1 million
Annualized rate of cars and trucks sold nationally in September, the highest since 2005, according to Ward’s Automotive Group.
3.2 percent
Increase in consumer spending during the third quarter, which lifted GDP growth to a 1.5 percent rate, according to the U.S. Commerce Department.
Jimmy Platt is president of ARCpoint Labs, which provides drug, alcohol, and DNA testing, as well as telehealth services. (STEVE MARCUS/staff)
Businesses depend on ability to adapt Describe your business.
We provide confidential drug, DNA and alcohol testing. We also offer telehealth services. What is your business philosophy?
ARCpoint Labs Address: 3365 E. Flamingo Road, Suite 4, Las Vegas Phone: 702-451-5434 Email: jplatt@arcpointlabs.com Website: lasvegas-nv-metro.arcpointlabs.com Hours of operation: 8:30 a.m.-5 p.m. Monday through Friday, 9 a.m.-2 p.m. Saturday Owned/operated by: Jimmy Platt In business since: 2009
We strive to be the very best, by constantly adapting, modifying, reinventing and improving every aspect of the business so it thrives in our fast-paced, continuously evolving world. Drug and DNA testing is plagued by the stigma of poor customer service and is seen as an extension of the medical field as a whole. At ARCpoint Labs, we strive to treat all clients with respect, not only when it comes to punctuality but also in terms of treating people like royalty. The client is king and should be treated as such. How has your industry grown over the past decade?
Technological advancements constantly develop and redefine the industry. One such example is telehealth. Specialists, medical practitioners, pediatricians and dermatologists now can consult and prescribe treatment and medication from the comfort of their own homes in a matter of minutes. I believe the smartphone apps and computer accessories being developed, and even those currently offered, to assist teledoctors are the biggest advance in human health since antibiotics. The increasing use of medical marijuana is becoming prevalent, too. Because of these progressions, accessibility has caused a reduction in expenses. A wide range of DNA testing is available, and the Pharmacogenomics DNA test, which allows doctors to know an individual’s susceptibility to a wide range of drugs, now is available for less than $400. At one time, only the wealthy and well-insured had access to this
incredible advance in science; now, it’s offered to the masses. What’s the most important part of your job?
Being accurate and reliable is a fundamental part of the business because our clients have to be able to trust the result. A simple test result could affect the custody of children. An immigration DNA test could result in a family member being stranded abroad. Every part of the process has to be invulnerable. What is the hardest part about doing business in Las Vegas?
Las Vegas is heavily regulated. The core of my business is a franchise, and there were many hoops to jump through that do not exist in any of the other states our franchise is located in. Many of the rules are irrelevant to improving the safety or quality of our lab. Having been involved some years ago as a state contractor, many barriers had to be worked through when it came to opening a business. Once all of the licenses are in place, it seems as if the goal is to stop everyone else from entering the market. Look at Uber as an example. Every city in every nation regulates cabs for obvious reasons. Uber satisfied everybody else yet took much longer to come to Las Vegas. The taxi companies stopped the monorail going to the airport and almost succeeded in stopping Uber. I think Las Vegas is stuck in the 20th century and needs to acclimate. What have you learned from the recession?
My entire life, real estate had always maintained or improved in value. But many of my hardworking, careful friends lost homes they had worked hard to obtain. What I’ve learned is that there are no guarantees. Those who adapt will survive.
talking points Send your business-related information to news@vegasinc.com
Reader comments We want to hear from you. Visit vegasinc.com to post your opinion.
On J.D. Morris’ vegasinc.com story “MGM Resorts’ Murren on prospect of charging for parking: ‘Everything’s on the table’ ”: Brilliant idea. Next, the Strip will be like going to San Francisco, where parking is more expensive than a good meal. — goodwin21 Locals are used to free parking, but tourists from other large cities are used to paying for parking. It will discourage locals, but then how many locals go to those casinos, even with free parking? — bouldersteve On Kyle Roerink’s lasvegassun.com story “Southwest Gas may raise rates by nearly $30 million”: What’s next? The water company complaining that we don’t use enough water during the summer, and we should be charged more for that, too? — lvspiff We save and conserve, and then they want a huge rate increase because we use less natural gas? — MarcDouglas On Eli Segall’s vegasinc.com story “Walgreens on the Las Vegas Strip draws eight-figure sales price”: Forget the casinos. The real money is made selling water ... to tourists! — DoubleDownNow7
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VEGAS INC nov. 8 - nov. 14
Health news shocker: Don’t overdose on bacon
T
guest column: the medical community; it’s the same term he World Health Organization roger snow used to characterize tobacco and asbestos. recently dropped (read: gently So, how much of a bad thing is bad? placed) a bombshell (read: According to the WHO report, people who not a bombshell) that a steady eat 50 grams of processed meat per day diet of processed meats can cause health are 18 percent more likely than they otherwise would be problems. In related news, it turns out that smoking to contract cancer. Processed meats are those preserved cigarettes can cause lung cancer and sticking your head into through salting, smoking, curing, corning or jerking. All a beehive can cause puffiness around the eyes. meat, of course, can be jerked; however, it typically is done Uh, exactly who — or whom — needed WHO to say this? to beef and pork products so they taste better and stay fresh Consider the pig. Pudgy and cute in its own way, longer. especially when wearing a red unitard and bounding But a little perspective: 50 grams per day is two strips of around the woods with Christopher Robin. Or serious and bacon or two slices of ham. Every. Single. Day. Which is a symbolic, flying above the Battersea Power Station on a lot, unless of course you’re Homer Simpson or Dr. Atkins. Pink Floyd album cover. And 18 percent more likely, while significant over a But it’s not the most hygienic animal you could ever sink large population, doesn’t make a huge difference to the your teeth into. Fair or not, that’s what happens when you individual. According to the Cancer Research Center in the spend all day rolling around in your own feces: You get United Kingdom, 6 percent of people will have colon cancer stereotyped as, well, a pig. at some point in their lives. If pigging out on pig increases Remember, you aren’t only what you eat. You’re also what your probability by 18 percent, it means you now have a risk what-you-eat eats. And pigs don’t have the dietary discretion of 7 percent. (You multiply, not add.) of a koala bear or an Olsen twin. They swallow anything The message is moderation. Have one sausage, not a chain plopped in front of their mouths. They eat like, well, a pig. of links. Have a pull of jerky, not the family feed bag. And The WHO won’t be fooled. Its researchers found such yes, have a hamburger, just not the one where if you finish it a strong, causative link between ingesting processed — and live to tell — you get your picture on the wall. meats and contracting cancer, particularly of the colon, And if all else fails, listen to the Chick-fil-A cows: Eat Mor they labeled processed meats “carcinogenic to humans.” Chikin. Unprocessed red meat was called probably carcinogenic. Roger Snow is a senior vice president at Scientific Games. This isn’t semantics; it’s serious. “C” is the scarlet letter in
Smith’s world
Mike Smith is an award-winning editorial cartoonist who also draws for the Las Vegas Sun. His work is distributed nationally by King Features Syndicate. See archives of his work at lasvegassun.com/smithsworld.
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VEGAS INC nov. 8 - nov. 14
your Business-to-business news Send your business-related information to news@vegasinc.com
Nevada gaming revenue up 1.5 percent in September By j.d. morris Staff Writer
Led by a strong month in the state’s major casino markets, Nevada gaming revenue rose 1.5 percent in September, the state reported. The Gaming Control Board said casinos won $916.4 million, compared with $902.6 in September 2014. Statewide, baccarat revenue grew 21.6 percent to $100.7 million, only the third time this year that there’s been an increase in the game’s revenue from 2014. Revenue from baccarat, a game popular among Chinese high rollers, has for the most part performed poorly over the past year. That appears to have been a spillover from ongoing struggles in Macau, where the Chinese government’s corruption crackdown and a slowing economy have hit casino revenues hard. Statewide slot revenue fell 1.8 percent to $572.4 million, though senior research analyst Michael Lawton attributed the drop to an anomaly in the timing of collections from last year. Most of Clark County had a good month, with countywide gaming revenue rising 1.3 percent from last year to $780.4 million. On the Strip, the state’s largest market, gaming revenue grew 2 percent to $504.8 million. Revenue from baccarat there increased 23.3 percent. Downtown Las Vegas had an even better month compared with last year: Gaming revenue there shot up 9.3 percent to $47.5 million. Lawton said downtown benefitted from the fact that the entire Labor Day weekend occurred in September this year, whereas last year it was partly in August. The Life is Beautiful music festival also helped downtown, Lawton said. This year’s festival was held on the streets of downtown in September instead of October.
Southwest Gas might raise rates by nearly $30 million By kyle roerink Staff Writer
On Nov. 17, the state Public Utilities Commission will hear testimony on whether Nevadans will see heftier bills from Southwest Gas. The commission will rule on a request made by the company in June to raise rates by an aggregate of $29.4 million, which it said was necessary to compensate for decreased demand stemming from warmer-than-expected weather. As a regulated monopoly, the company could ask the PUC to raise rates to collect revenues it planned to earn but didn’t receive. This year’s request followed a $7.4 million rate hike the PUC approved three years ago after reviewing the company’s investments, operations costs and expected sales based on historical weather patterns. If approved as requested, the new rates would amount to a 6.3 percent increase in Northern Nevada and a 5.6 percent increase in Southern Nevada. The 2012 estimates did not account for the unpredictable back-to-back warm winters that reduced demand for heating homes and buildings. In the past, the company has returned money after predicting colder winters.
The MGM Las Vegas Arena is being built at 3770 Las Vegas Blvd. South, behind New York-New York. It is scheduled to open next year. (Las Vegas News Bureau)
MGM not ruling out charging for parking at new arena By j.d. morris Staff Writer
MGM Resorts International’s CEO does not yet know whether his company will eventually charge drivers to park near its new arena on the Strip. But he has apparently not ruled the option out. The 20,000-seat arena, developed in partnership with Anschutz Entertainment Group, is set to open next year in the area behind New York-New York, which is owned by MGM Resorts. It’s intended to be a venue for entertainment events and potentially the home of a major league hockey team, if Las Vegas secures one. Yet MGM Resorts is not building a parking garage to accommodate the influx of customers, opting instead to rely on existing garages and lots for now. CEO Jim Murren said MGM did not have all the answers as to how it would address parking once the arena opens. He said the company was still studying the issue. In fact, Murren said he originally preferred a different spot for the arena — to the south, near Mandalay Bay. The arena is instead being built at its current location in large part because of the surrounding infrastructure, including “thousands of parking spaces that we don’t use today,” Murren said. Nearby casinos include not only New York-New York, but Monte Carlo and MGM Grand, all of which are owned by MGM Resorts. Murren stressed that it was “pretty premature” to discuss with certainty how the parking situation would work. Still, he indicated that all options are possible — including charging for parking spots. Doing so, at least during big events at the arena, could arguably help control the supply of existing
spaces. “Everything’s on the table at this point in time,” Murren said. “I bet that by the end of this year, we will have a very clear plan.” Charging may not be necessary, though, from a supply-control standpoint. New YorkNew York can handle more drivers trying to park there, according to Muren, because it has a parking garage that was designed to handle an additional 1,000-room hotel tower that never was built. MGM Resorts also has underused parking space at Monte Carlo, Bellagio, Aria and elsewhere, he said. Steve Sisolak, chairman of the Clark County Commission, said he had been “intimately involved” with the issue. Considering the options at all the nearby resorts, Sisolak said he was confident the area could offer enough parking spots. “Is it going to be where you open your door and step out in the arena? No,” Sisolak said. “But … there’s more than enough adequate parking. I really don’t view it as a problem.” As to whether MGM Resorts should charge for parking to capitalize on big events at the arena, Sisolak said that was a business decision. Although casinos in downtown Las Vegas charge to park, an abundance of free parking at major resorts is a staple of the Strip. As such, any attempt to charge for parking — even only at certain times and in certain places — might not go over well with many locals and regular visitors at first. Murren also noted that the arena is being built without “one penny of taxpayer dollars.” “So I’m not really sympathetic to somebody that says ‘I want everything free’ when we’re the ones spending the capital to build the amenities that are to the benefit of the tourists and the locals,” he said.
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Walgreens on the Strip draws eight-figure sales price By eli segall Staff Writer
With merchandise that includes shot glasses saying “Hangovers are for amateurs” and T-shirts that list “15 reasons why a beer is better than a woman,” this Walgreens isn’t your usual neighborhood pharmacy. Then again, it’s not in a typical neighborhood. It’s on the Strip, and investors have again paid big money for the building in America’s gambling and party mecca. The 1.6-acre property, on Las Vegas Boulevard at Convention Center Drive, recently sold for $37 million, up 33 percent from what the sellers paid in 2012. Property records indicate that the The Walgreens at 3025 Las Vegas Blvd. South sold recently for $37 million — a buyer, backed by a $20 million loan, 32 percent jump from its sales price in 2012. (steve marcus/staff) was New York home-curtains manuthe Strip, Harbor President T. Richpartially built site into its Chinesefacturer Elyahu “Ely” Cohen. ard Litton said. themed destination. The sale is the latest investment in Brokerage firm Marcus & MillicMeanwhile, the Walgreens deal Strip pharmacies, which do a booming hap announced in January that the is another apparent bet by Cohen business slinging sinus relief, cosmet16,000-square-foot building, at 3025 on a Strip retail building this year. ics, booze, food and Vegas-themed Las Vegas Blvd. South, was up for sale. He teamed with other New Yorkers, memorabilia. Investors pay hefty There was no asking price, but the property records indicate, to buy a amounts to own the space, pharmalisting brokers said they expected to 97,500-square-foot section of Showcies pay a fortune to rent it, and more sell in the “mid-$40 million range.” case Mall, next to MGM Grand, in drugstores have been opening. Litton said his group members iniJanuary for $139.5 million. It also comes amid a hoped-for tially planned to own the property for The seller, Virginia-based Harturnaround on the north Strip, which five to seven years before selling. He bor Group International, bought the in recent years has been blighted by indicated they were surprised to book Walgreens property in 2012 for about mothballed casino developments and such a high return after only three $28 million. Its payment of around large swaths of empty land where othyears. $1,740 per square foot reportedly set er projects never materialized. Harbor has owned Walgreens and a U.S. record for single-tenant drugResorts World Las Vegas, across CVS buildings across the country, but store properties. from the Walgreens, is poised to be the store on the north Strip “has a Since, commercial real estate prica multibillion-dollar megaresort, allot bigger reliance” on nonpharmacy es throughout the country, especially though owner Genting Group, which retail sales, offering “all the typical in pedestrian-packed urban areas, bought the 87-acre property in 2013, tourist stuff,” Litton said. have climbed, the economy has imappears to have made little progress It sells prescription and over-theproved and business has picked up on transforming the once-abandoned,
counter medicine, as well as soda, food and other items found in most mainstream pharmacy outlets. But it also sells an array of Las Vegasthemed shot glasses, clothing, ash trays, flasks, margarita cups and, near the front entrance, 100-ounce, yardlong cups that casino-hopping tourists fill with alcohol. “You don’t do that in Birmingham at the local Walgreens,” Litton said of the merchandise. Real estate is far more expensive on the famed Strip than in the valley’s suburbs, and drugstores are no exception. Walgreens is paying about $120 per square foot in annual rent at the north Strip property, Litton said. That’s more than $1.9 million a year. Pharmacies pay about $300,000 a year in rent for a typical residential store, Harbor’s listing broker Ray Germain has said. Litton sold his building for $2,310 per square foot. By comparison, investors in August bought a 15,000-square-foot Walgreens in east Las Vegas for $7.53 million, or about $500 per square foot. Walgreens has five locations on the Strip, and it opened a store this year just north of SLS Las Vegas in a new retail plaza at the northeast corner of Sahara Avenue and Las Vegas Boulevard. Meanwhile, rival CVS has three locations in the resort corridor, including in the new three-story mall at Treasure Island. A company spokesman has said another CVS is being planned for the Strip, and that it could open next year.
Investors still see value in flipping homes in Las Vegas By eli segall Staff Writer
House flippers aren’t giving up on Las Vegas, even though profits are sliding here and rising elsewhere, a new report shows. Flipping accounted for 8.7 percent of home sales in Southern Nevada in the quarter ending Sept. 30, and sellers booked an average gross profit of $39,367 per deal, a 23.7 percent return, according to RealtyTrac. In the same period last year, flipping comprised 8.2 percent of home sales in the Las Vegas area, and sellers earned an average profit of $39,808, a
26.2 percent return. Nationally, flipping made up 5 percent of home sales in the third quarter, up from 4.3 percent a year earlier. Sellers made an average profit last quarter of $62,122 per deal, a 33.8 percent return, up from $61,781, a 32.7 percent return, a year earlier, RealtyTrac reported. Nationwide, flippers cut back on deals last year because of slowing price growth and a “shrinking inventory of flip-worthy homes,” but investors “have started to jump back on the flipping bandwagon in 2015,” RealtyTrac Vice President Daren Blomquist
said in the report. The Irvine, Calif.-based company counts a flip as a home whose owners sold it within a year of buying it. The reported profits represent the sales price minus the purchase price and do not account for renovations or other costs the flipper may have incurred. Flipping was a hallmark of the real estate bubble last decade, when investors, often with little or no experience but backed by easy money, bought homes and sold them for profit a short time later. The get-rich-quick tactic helped inflate Las Vegas home prices until the bubble burst and the econo-
my crashed. Few places got as crazed with flipping as Southern Nevada. In late 2004, a peak of roughly 19 percent of single-family home sales in the valley were flips, compared with a national peak of 8 percent in early 2006, according to RealtyTrac. Today, despite more lucrative deals elsewhere, Las Vegas remains a popular place to flip houses. Industry pros have attributed this to flipping-focused reality TV shows, as well as Las Vegas’ lower home prices, transient population and long-standing image as an easy place to make a quick buck.
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rivie ra, from page 1
For 21 years, city has been tops for trade shows $1.4 billion it needs for planned construction and renovation, nor has it designed a new facility. And casino giant Las Vegas Sands Corp., which runs its own massive convention center on the Strip, is pushing back against the project. Nonetheless, the LVCVA made substantial progress this year when it bought the Riviera, across the street from the Las Vegas Convention Center, for $182.5 million. Funds are in place to tear down the
shuttered resort next year and prepare the site for use as outdoor exhibit space by early 2017. What comes after that — transforming the Riviera site from outdoor exhibit space into a convention facility — hinges on the work of a tourism group recently created by Gov. Brian Sandoval. Called the Southern Nevada Tourism Infrastructure Committee, the group of public officials and industry leaders will examine the region’s existing and proposed
convention centers, arenas, stadiums and transportation options, and submit a report to the governor about the valley’s infrastructure needs. The report also is expected to include recommendations about funding for the convention center. At stake in the convention project, officials say, is Southern Nevada’s ability to maintain its marketleading trade show business, which is vital to filling hotel rooms and sustaining the economy.
Why the LVCVA wants the Riviera site to become convention space For 21 consecutive years, Las Vegas has been ranked the top trade show destination in the country by the Trade Show News Network. But the convention authority is worried another city might poach that bragging right. “Other major cities across the country and internationally have identified Las Vegas as the primary competition and the shows held in Las Vegas as primary targets for new business,” officials wrote in the master plan for the convention center project. Furthermore, some major trade shows say they’re running out of space in Las Vegas. The International Consumer Electronics Show, for example, is capping attendance for the first time ever for its upcoming show in January. Karen Chupka, senior vice president of International CES and corporate business strategy, said her group worried that if the number of attendees continued to increase, show producers would not be able to move people around efficiently. Attendance to CES grew 11 percent from 2014 to 2015, with 176,000 people registering this year, Chupka said. CES already uses the Las Vegas Convention Center, Sands Expo Center and Mandalay
Bay Convention Center, and the show could take up even more room. “We do feel like there’s a need for more space,” Chupka said. “As I look out over the next year or two, we don’t have much (room for) growth for raw exhibit space in the future. We’re already trying to figure out how we’re going to accommodate that for 2017 and 2018.” The Las Vegas Convention Center doesn’t have much more to offer. A study by Cordell Corp., which is helping the LVCVA manage the convention project, found the center’s exhibit space is maxed out during the main seasons for trade shows. Erecting a convention facility on the site of the Riviera is just one component of the project. A subsequent phase entails renovating the 56-year-old Las Vegas Convention Center, which desperately needs a facelift. The roof of Central Hall hasn’t been replaced since the building opened in 1959, and it leaks during rainstorms. A third of the convention center’s 46 restrooms, built before 1970, have never been renovated. Food-service facilities are inadequate. But the authority is focused first on building new
How Las Vegas stacks up Las Vegas has the most convention center square footage in the country, but it isn't alone in offering massive facilities. Here's how other convention cities compare, in terms of convention center space. n Atlanta: 3.9 million square feet n Las Vegas: 3.2 million square feet n Chicago: 3.2 million square feet n Orlando: 2.1 million square feet n New Orleans: 1.1 million square feet n Phoenix: 900,000 square feet n San Diego: 819,815 square feet n Dallas: 724,526 square feet n Washington, D.C.: 703,000 square feet n Miami: 644,800 square feet
Source: Cvent
space, so trade shows can be relocated while the existing facility is redone. That would allow Las Vegas to avoid losing business that could go elsewhere during renovation work.
But does Las Vegas really need more convention space? Las Vegas Sands Corp., owner of the Venetian and Palazzo, criticizes the convention center expansion on two fronts. First, while dwindling room is a problem for the Las Vegas Convention Center, it isn’t for Sands. The Sands Expo Center remains 12 percent away from maxing out its space capacity, according to documents filed with the tourism infrastructure committee. It also is 10 percent away from its maximum group room occupancy and contains “untapped potential for multiple-location opportunities,” officials said. Secondly, Sands officials disagree philosophically about how the convention center likely will be funded. Sands officials feel tax dollars should be used to improve local infrastructure such as the airport, create mass-transportation options and even fund a major stadium — not, as the company’s presentation put it, to “compete with the
private sector.” The convention and visitors authority is funded largely by hotel room taxes; it’s likely the expansion will require some form of public funding as well. Still, there is reason to think Las Vegas can accommodate a substantial increase in convention space. Josh Smith, a commercial real estate consultant for the gaming division of Colliers International, pointed to another of the city’s major casino companies, MGM Resorts International, and its recently completed expansion of the Mandalay Bay Convention Center. “MGM doesn’t just build that thing because they want to just build it,” Smith said. “They build it because they think they can fill it.” Indeed, MGM Resorts CEO Jim Murren said Mandalay Bay’s new space already is fully booked for next year, and his company is evaluating how to
make the best use of convention areas across properties, because “as much space as we have, we don’t have enough space.” MGM Resorts views the authority’s convention project, which will give the Las Vegas Convention Center an address on the Strip for the first time, in a more positive light than Sands. Murren said he was taught by MGM Resorts’ founder, the late Kirk Kerkorian, that “what’s good for Las Vegas is good for MGM.” So he doesn’t feel threatened if event planners choose the Las Vegas Convention Center over Mandalay Bay. “This is not a zero-sum game, and any company that looks at it that way is looking at it in a very selfish way,” Murren said. “I feel very strongly that the convention center not only needs to be upgraded — because there are parts of it that I am not proud of walking through — it needs to be expanded, because there are (more) shows that we can get.”
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Calendar of events Tuesday, Nov. 10 U.S. Green Building Council Nevada chapter: “What’s best for buildings?” Time: 7-9 a.m. Cost: $20 for members, $35 for nonmembers Location: InNEVation Center, 6795 S. Edmond St., Las Vegas Information: Call 702-952-2468 Stakeholders in the solar panel industry will discuss the past, present and future of battery technology for buildings. Henderson Chamber of Commerce networking breakfast Time: 7-9 a.m. Cost: $25 for members, $45 for nonmembers, additional $10 for walk-ins Location: Wildhorse Golf Club, 2100 W. Warm Springs Road, Henderson Information: Call 702-565-8951 Karen Kyger of HopeLink of Southern Nevada and Brian Burton of Three Square Food Bank will discuss nonprofits in Las Vegas. Las Vegas Metro Chamber of Commerce: Eggs & Issues Time: 8-9:30 a.m. Cost: $40 for members and board of trustee members, $55 for nonmembers and walk-ins Location: Texas Station, 2101 Texas Star Lane, North Las Vegas Information: Call Maisie Rodolico at 702-586-3846 Rep. Cresent Hardy, R-Nev., will discuss federal issues that affect the business community and the health of Nevada’s economy.
Wednesday, Nov. 11 Stirling Club luncheon Time: 11:11 a.m. Cost: $26
Location: Gordon Biersch, 3987 Paradise Road, Las Vegas Information: Email merrinpr@lvcoxmail.com Spencer Romano, CEO of Cr8tive Company, will discuss web design, branding and digital marketing.
Thursday, Nov. 12 Urban Chamber of Commerce: Toastmaster Lunchtime Talkers Time: 12-1 p.m. Cost: Free Location: Urban Chamber of Commerce, 1951 Stella Lake St., Suite 30, Las Vegas Information: Visit business.urbanchamber.org Meet local professionals, grow your business network and compete in a contest to perfect your elevator pitch. World Affairs Council: “A New Front in a New ‘Cold War?’” Time: 5:30-8 p.m. Cost: $50 for members, $65 for nonmembers Location: Las Vegas Country Club, 3000 Joe W. Brown Drive, Las Vegas Information: Email nataliia@waclv.org Antanas Zabulis, senior advisor to the prime minister of Lithuania, will discuss the Baltic states and the geopolitics of U.S. and NATO relations with Russia. UNLV: Fortune 500 Executive Speakers Series Time: 7-8:30 p.m. Cost: Free Location: Greenspun Hall, 4505 S. Maryland Parkway, Las Vegas Information: Call 702-895-3362 Aileen Zerrudo, communications director at the Clorox Company, will discuss the company’s
sustainability efforts and corporate communication strategies.
Friday, Nov. 13 BYU Management Society luncheon Time: 11:30 a.m.-1 p.m. Cost: $30 for members with RSVP, $35 for members without RSVP, $30 for guests with RSVP, $15 for students Location: Brady Industries, 7055 Lindell Road, Las Vegas Information: Call 702-878-9788 Bryce Earl, a shareholder at Holley, Driggs, Walch, Fine, Wray, Puzey & Thompson, will discuss how he helps clients create customized intellectual property plans to protect their businesses.
Monday, Nov. 16 Governor’s Global Tourism Summit Time: Starts at 8 a.m., ends 5:30 p.m. Tuesday, Nov. 17 Cost: $250 through Nov. 13 Location: Hilton Lake Las Vegas, 1610 Lake Las Vegas Parkway, Henderson Information: Call 775-687-0621 Learn how to compete in the global market and prepare your business for international visitors.
Tuesday, Nov. 17 Nevada Restaurant Association: political luncheon Time: 12-1:30 p.m. Cost: $250 Location: Mandalay Bay, 3950 Las Vegas Blvd. South, Las Vegas Information: Call 702-749-6656 A political forum to address critical tax and labor issues that will affect the restaurant industry over the next few years.
Conventions
expected Show Location Dates attendance
Travel, Events and Management in Sports - Teams Conference and Expo
Mandalay Bay
Nov. 9-12
2,000
International Pool/Spa/Patio Expo
Mandalay Bay
Nov. 10-12
9,500
LRP Publications - 24th annual National Workers’ Compensation and Disability Conference
Mandalay Bay
Nov. 11-13
4,300
International Association of Emergency Managers
Paris
Nov. 13-19
3,000
American Academy of Ophthalmology Annual Meeting
Sands Expo and Convention Center
Nov. 14-17
25,000
Kronos Inc. Works Customer Conference
Aria
Nov. 15-18
2,000
National Communication Association - NCA Meeting
Rio
Nov. 16-23
2,000
National Business Aviation Association Inc. (NBAA) Annual Meeting and Convention
Las Vegas Convention Center
Nov. 17-19
25,000
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Records and Transactions Bankruptcies CHAPTER 7 Flexkom America Inc. 10275 Rainbow Blvd., Suite 311 Las Vegas, NV 89145 Attorney: Marjorie A. Guymon at bankruptcy@goldguylaw.com
CHAPTER 11
Clark County, 603819 Sandy Moody-Upton at scm@ clarkcountynv.gov 2:15 p.m. Walnut Recreation Center: renovation and addition Clark County, 603874 Sandy Moody-Upton at scm@ clarkcountynv.gov
Corporate Support Services of Nevada Inc. 4535 W. Sahara Ave., Suite 200 Las Vegas, NV 89102 Attorney: David M. Crosby at info@crosby.lvcoxmail.com
3 p.m. Current production model 1-ton extended utility truck Clark County, 603837 Sandra Mendoza at sda@clarkcountynv.gov
Stardust Limousine Inc. 10034 Chinook Gale Court Las Vegas, NV 89183 Attorney: Corey B. Beck at becksbk@yahoo.com
FRIDAY, NOV. 13
Bid Opportunities MONDAY, NOV. 9 2:15 p.m. Spring Mountain Youth Camp: Security surveillance system-electrical conduit Clark County, 603783 Sandy Moody-Upton at scm@ clarkcountynv.gov 3 p.m. Medical, core and support services for HIV/AIDS-infected and affected clients in the Las Vegas, Ryan White Transitional Grant area Clark County, 603851 Sherry Wimmer at sherryw@ clarkcountynv.gov
TUESDAY, NOV. 10 2:15 p.m. Sunset Park: Southwest parking lot rehabilitation Clark County, 603876 Sandy Moody-Upton at scm@ clarkcountynv.gov 2:15 p.m. Winchester Community Center: roof replacement Clark County, 603877 Sandy Moody-Upton at scm@ clarkcountynv.gov 2:30 p.m. All-season asphalt cold patch State of Nevada, 8384 Marti Marsh at mmarsh@admin. nv.gov
THURSDAY, NOV. 12 2 p.m. Barracuda Web Filters State of Nevada, 8386 Marti Marsh at mmarsh@admin. nv.gov 2:15 p.m. IT Operations Center: Mechanical upgrades phases II and III
9 a.m. Clark Place parking garage: structural wall improvements Clark County, 603735 Sandy Moody-Upton at scm@ clarkcountynv.gov 2:15 p.m. Circus Circus Drive from Industrial Road to Las Vegas Boulevard Clark County, 603795 Tom Boldt at tboldt@clarkcountynv.gov 3 p.m. ARC for janitorial services at Dr. William “Doc” Pearson Community Center Clark County, 603852 Deon Ford at deonf@clarkcountynv.gov 3 p.m. One-time purchase of fire apparatus equipment Clark County, 603882 Sandra Mendoza at sda@clarkcountynv.gov
Brokered transactions SALES $18,400,000 for 53,690 square feet, office and retail Address: 1215 and 1225 S. Fort Apache Road, Las Vegas 89117 Seller: FAC Parks LLC Seller agent: Charles Moore, Marlene Fujita Winkel and M. Laura Hart of CBRE Buyer: Did not disclose Buyer agent: Sheila Colfer and Fred Miller of Dickson Commercial Group $4,025,000 for 36,426 square feet, office Address: 4425-4465 S. Jones Blvd., Las Vegas 89103 Seller: Did not disclose Seller agent: Did not disclose Buyer: Premier Plaza LLC Buyer agent: Salina Ramirez of Commercial Executives Real Estate Services
$4,000,000 for 3.65 acres, land Address: Blue Diamond Road and Decatur Boulevard, Las Vegas Seller: Blue Diamond Place LL Seller agent: Paul Chaffee and Wil Chaffee of NAI Vegas Buyer: 318 Blue Diamond Place LL Buyer agent: Did not disclose $750,000 for 5,741 square feet, office Address: 375 N. Stephanie St., Building 16, Henderson 89014 Seller: QB Properties LLC Seller agent: Soozi Jones Walker and Bobbi Miracle of Commercial Executives Real Estate Services Buyer: International Cultural Exchange Services Buyer agent: Did not disclose $650,000 for 5,540 square feet, office Address: 1380 E. Sahara Ave. and 2408 Pardee Place, Las Vegas 89104 Seller: Rusty Croissant LLC Seller agent: Matt Feustel of Virtus Commercial Buyer: Consulting Advisors of Nevada LLC Buyer agent: Amy Kyzykyan of Realty One Group $350,000 for 6,089 square feet, office Address: 5175 Camino Al Norte, Las Vegas 89031 Seller: Nevada New Builds LLC Seller agent: Paul Chaffee and Wil Chaffee of NAI Vegas Buyer: Coastline RE Holdings NV Corp. Buyer agent: Did not disclose
LEASES $1,246,512 for 28,360 square feet for 48 months, industrial Address: 6210 E. Tropical Parkway, North Las Vegas 89115 Landlord: Venture Point LLC Landlord agent: Mel Koich and Craig Summers of Gatski Commercial and Ryan Hinton of Virtus Commercial Tenant: Matrix NV LLC Tenant agent: Mel Koich and Craig Summers of Gatski Commercial and Ryan Hinton of Virtus Commercial $705,017 for 17,676 square feet for 65 months, industrial Address: 4301 S. Valley View Blvd., Las Vegas 89103 Landlord: BKM Windriver 104 Landlord agent: Ali Roesner, Stacy DeBie, Tom Wagener and Craig Summers of Gatski Commercial Tenant: Hershey’s Chocolate World Tenant agent: Gabe Telles of Gatski Commercial $609,847 for 6,845 square feet for 38 months, industrial Address: 5070 Arville St., Las Vegas 89118
Landlord: Circle JAT Enterprises LLC Landlord agent: Tom Wagener and Ali Roesener of Gatski Commercial Tenant: Okamibrand LLC Tenant agent: Did not disclose $263,358 for 7,482 square feet for 62 months, industrial Address: 3535 W. Cheyenne Ave., North Las Vegas 89032 Landlord: BKM Cheyenne 104 LLC Landlord agent: Ali Roesener, Gabe Telles, Stacy DeBie and Craig Summers of Gatski Commercial Tenant: Serenity Funeral Home Tenant agent: Mike Dalaiamo of Elite Realty $199,436 for 6,020 square feet for 60 months, industrial Address: 3395 W. Cheyenne Ave., North Las Vegas 89032 Landlord: BKM Cheyenne 104 LLC Landlord agent: Ali Roesener, Gabe Telles, Stacy DeBie and Craig Summers of Gatski Commercial Tenant: MultiChip Display Inc. Tenant agent: Did not disclose $174,958 for 8,500 square feet for 38 months, industrial Address: 4620 S. Polaris Ave., Las Vegas 89103 Landlord: Did not disclose Landlord agent: Ali Roesener, Gabe Telles, Sean Simon and Craig Summers of Gatski Commercial Tenant: Audio Design Studios LLC Tenant agent: Rob Lujan of Jones Lang LaSalle $150,450 for 1,835 square feet for 77 months, office Address: 301 Whitney Ranch Drive, Las Vegas 89014 Landlord: Quail Bonita C LLC Landlord agent: Laramie Bracken of Gatski Commercial Tenant: Shields Family Dentistry Tenant agent: Jared Bergquist of Bridge Commercial $150,450 for 18,820 square feet for 38 months, industrial Address: 3355 W. Cheyenne Ave., North Las Vegas 89032 Landlord: BKM Cheyenne 104 LLC Landlord agent: Craig Summers, Gabe Telles, Ali Roesener, Stacy DeBie and Tom Wagener of Gatski Commercial Tenant: Pinnacle Community Services LP Tenant agent: Did not disclose $132,720 for 1,835 square feet for 36 months, office Address: 701 E. Bridger Ave., Suite 500, Las Vegas 89101 Landlord: 701 Bridger LLC Landlord agent: Robert S. Hatrak II of Virtus Commercial Tenant: Conversion Media LLC Tenant agent: Dave Evenhouse of Re/Max Excellence $96,300 for 2,675 square feet for
39 months, office Address: 4545 W. Spring Mountain Road, Suite 104, Las Vegas 89103 Landlord: Mountain Point LLC Landlord agent: Robert S. Hatrak II of Virtus Commercial Tenant: Game Nest Tenant agent: Robert S. Hatrack II of Virtus Commercial $94,000 for 2,401 square feet for 36 months, retail Address: 4750 W. Sahara Ave., Suites 11 and 12, Las Vegas 89102 Landlord: Sahara 3D LLC Landlord agent: Nelson Tressier and Michael Zobrist of Newmark Grubb Knight Frank Tenant: Xander Enterprises Inc. dba Loguay and Xander Company Tenant agent: Stacy DiBie of Gatski Commercial $20,175 for 1,113 square feet for 24.5 months, office Address: 5715 W. Alexander Road, Suite 110, Las Vegas 89130 Landlord: Southern Hills Pediatrics LLC Landlord agent: Benny Paul of Realty One Group Tenant: Color Printing Tenant agent: Ryan D. Hinton of Virtus Commercial
BUSINESS LICENSES La Cocina De Maribel License type: Restaurant Address: 2312 E. Craig Road, North Las Vegas 89030 Owner: Ozyris LLC Leerco License type: Contractor Address: 8685 W. Sahara Ave., Suite 150, Las Vegas 89117 Owner: Lindsay Energetics And Energy Revision Company Inc. Liberty Gold Trader License type: Secondhand dealer class II Address: 4115 W. Sahara Ave., Las Vegas 89102 Owner: Romie Hernandez Lisamarie Pettit License type: Real estate sales Address: 10000 W. Charleston Blvd., Suite 130, Las Vegas 89145 Owner: Lisamarie Pettit Look Style Society License type: Cosmetics Address: 430 S. Rampart Blvd., Suite 150 Building 9, Las Vegas 89145 Owner: Current Beauty Lounge LLC Lowry’s Catering Inc. License type: Alcoholic beverage caterer Address: 4125 W. Charleston Blvd., Las Vegas 89102 Owner: Robert W. Lowry
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Records and Transactions LV Viking LLC License type: General retail sales Address: Did not disclose, Las Vegas 89146 Owner: Bogdan Woroniecki Mailing & More! License type: General services – counter/office Address: 7181 N. Hualapai Way, Suite 130, Las Vegas 89166 Owner: Paan Enterprises LLC Mamerto Gapultos LLC License type: Senior care Address: 961 Noah Valley St., Henderson 89052 Owner: Mamerto Gapultos LLC Martin Luther King Health Center License type: Medical Address: 1799 Mount Mariah Drive, Las Vegas 89106 Owner: Nevada Health Centers Inc. Massage By Ronelle License type: Independent massage therapist Address: Did not disclose, Las Vegas 89108 Owner: Ronelle Williams Mo Hamilton LLC License type: Insurance agency Address: 7380 W. Sahara Ave., Suite 130, Las Vegas 89117 Owner: Milagros Hamilton Move On Moving License type: Transfer and storage company Address: 2620 Regatta Drive, Suite 102, Las Vegas 89128 Owner: Queen Business Solutions LLC Moving Forward Learning Center LLC License type: School Address: 800 N. Rainbow Blvd., Suite 208, Las Vegas 89107 Owner: Tim Burke
Nevada Carpet & Flooring Technicians License type: Residential property maintenance Address: Did not disclose, Las Vegas 89107 Owner: Emmanuel Flores Nevada Collision & Auto Repairs LLC License type: Automotive garage – major Address: 3010 Contract Ave., Suite B, Las Vegas 89101 Owner: Adrianna Cramer New Image Tailor & Alteration License type: Tailor and/or dressmaker Address: 6014 Smoke Ranch Road, Las Vegas 89108 Owner: James Miller Novedades Mia License type: General retail sales Address: 2901 W. Washington Ave., Suite 109, Las Vegas 89107 Owner: Cesar A. Zamora Nutrition Rush License type: Health food store Address: 6050 N. Decatur Blvd., North Las Vegas 89031 Owner: Decatur Nutrition LLC Oasis Therapy LLC License type: Professional services – medical Address: Did not disclose, Las Vegas 89102 Owner: Isabel J. Nunez Partying with Ramirez License type: General retail sales Address: 1655 E. Charleston Blvd., Las Vegas 89101 Owner: Arturo Ramirez Plamen Genchev Yordanov License type: Real estate sales Address: 10750 W. Charleston Blvd., Suite 180, Las Vegas 89144 Owner: Plamen G. Yordanov
Mundo Del Bebe License type: General retail sales Address: 4530 E. Charleston Blvd., Suite E2, Las Vegas 89110 Owner: Rosa Carrillo
Prepango LLC License type: General retail sales Address: 806 Starboard St., Las Vegas 91914 Owner: Marcos Modiano
My Art Stars License type: General retail sales Address: Did not disclose, Las Vegas 89128 Owner: Path to the Possible Wellness Consultants LLC
Pro Expo License type: Multivendor Address: 9090 Alta Drive, Las Vegas 89144 Owner: Pro Expo Inc.
Nationwide Plumbing LLC License type: Contractor Address: 3716 Ashling St., Las Vegas 89129 Owner: Richard E. Stanton II Nationwide Plumbing LLC License type: Contractor Address: Did not disclose, Las Vegas 89129 Owner: David Gerwask
Prostone Group LLC License type: Contractor Address: 5940 S. Rainbow Blvd., Las Vegas 89118 Owner: George Haddad Quick Clean Maids LLC License type: Residential property maintenance Address: 7343 Apache Mission Court, Las Vegas 89179 Owner: Amanda Parotte
Ramon Lawn Maintenance License type: Property maintenance Address: 5109 Rancher Ave., Las Vegas 89108 Owner: Abraham Ramon Regal Nails License type: Beauty parlor Address: 1807 W. Craig Road, North Las Vegas 89030 Owner: Ton Beauty Salon LLC Rhino Marketing LLC License type: Travel and ticket agency Address: 1717 S. Decatur Blvd., Suite J21, Las Vegas 89102 Owner: Gary Gallant Rita Renee Juarez License type: Massage therapist Address: 9259 Satin Pond St., Las Vegas 89123 Owner: Rita Renee Juarez Rockin Fitness and Nutrition License type: Personal training Address: 5355 S. Rainbow Blvd., Suite 229, Las Vegas 89118 Owner: Lorelei Sprott S&M Metal Works License type: Metal store Address: 2033 Deer Springs Drive, Henderson 89074 Owner: Matthew Ortiz S&M Tactical License type: Retail – firearms Address: 2033 Deer Springs Drive, Henderson 89074 Owner: Matthew Ortiz Santa Kris Kringle License type: General services – counter/office Address: Did not disclose, Las Vegas 89128 Owner: Christopher Groeschke Scrappyjacks Pupcakes LLC License type: General retail sales Address: Did not disclose, Las Vegas 89131 Owner: Bob Udit Sew Yeah LLC License type: General retail sales Address: 3690 N. Rancho Drive, Las Vegas 89130 Owner: Ivan Tippetts Shape Up Vegas License type: Sales/service Address: 3248 Civic Center Drive, North Las Vegas 89030 Owner: Alma L. Perez Shelby for Life License type: Interjurisdictional business Address: 6430 Boatbill St., North Las Vegas 89084 Owner: Charlotte Maria Shelby Silver State Mechanical Inc. License type: Contractor
Address: 2005 Lou Adams Ave., Logandale 89021 Owner: Silver State Mechanical Inc. Soho Pizza Bar-Isabellas License type: Restaurant Address: 2620 Regatta Drive, Suite 118, Las Vegas 89128 Owner: Lakeside Trifecta LLC Solar Envy LLC License type: Contractor Address: 4113 Narada Falls Ave., North Las Vegas 89085 Owner: Solar Envy LLC
The Doctors Center at Red Rock License type: Professional services – medical Address: 8413 W. Lake Mead Blvd., Las Vegas 89128 Owner: Leo J. Capobianco, DO, Ltd. The Fix It Guy License type: Repair and maintenance Address: 6712 Rancho Santa Fe Drive, Las Vegas 89130 Owner: David Delong Enterprises LLC
South Bay Athletic License type: Temporary merchant Address: 3997 N. Hualapai Way, Las Vegas 89129 Owner: Ben Pasco
The Pickup Artists License type: Residential property maintenance Address: 1975 Village Center Circle, Suite 140, Las Vegas 89134 Owner: The Pickup Artist LLC
Southern Hills Pest Control License type: Repair and maintenance Address: 3651 Lindell Road, Suite D108, Las Vegas 89103 Owner: James Bruce Henrie
The Siegel Group LLC License type: Management or consulting service Address: 6759 W. Charleston Blvd., Suite 150, Las Vegas 89146 Owner: Jonathan H. Siegel
Southwest Collectables License type: General retail sales Address: 1717 S. Decatur Blvd., Suite D53, Las Vegas 89102 Owner: Gordon Brannon
The Wash License type: Automobile detailing Address: 3006 Atwater Drive, Las Vegas 89032 Owner: Victor Mariscal
SSJJ Cleaning Svcs. License type: Property maintenance Address: 213 Belmont Canyon Place, Henderson 89015 Owner: Semana Silver Tacos Las Tapatias License type: Open-air vending Address: 1401 E. Charleston Blvd., Las Vegas 89101 Owner: E.T. Fresh Jerky LLC Taqueria El Buen Pastor License type: Food services or cafe Address: 318 Fremont St., Las Vegas 89101 Owner: Dimme Investment LLC Team Property Management License type: Maintenance service Address: 1508 Silent Sunset Ave., North Las Vegas 89031 Owner: Archie Cann Tenaya Creek Brewery License type: Brewery Address: 831 W. Bonanza Road, Las Vegas 89106 Owner: Tenaya Point LLC Test Pcoyne License type: Multivendor Address: 850 Las Vegas Blvd. North, Las Vegas 89101 Owner: Patrick Coyne The Advantage Group License type: Professional services Address: 131 California Ave., Las Vegas 89509 Owner: Taco Prins
Thevinyldude.com License type: General retail sales Address: 1323 S. Commerce St., Las Vegas 89102 Owner: Michael D. Trotta Top Master Locksmith Inc. License type: Locksmith Address: 5115 Dean Martin Drive, Suite 405, Las Vegas 89118 Owner: Top Master Locksmith Inc. Tracey L. Fluellyn License type: Real estate sales Address: 5550 Painted Mirage Road, Suite 140, Las Vegas 89149 Owner: Tracey L. Fluellyn LLC Traffic Ticket Solutions License type: Professional services Address: 3401 Sirius Ave., Suite 3, Las Vegas 89102 Owner: Ticket Solutions Inc. Trafficbuilders Inc. License type: General retail sales Address: 4096 Kietzke Lane, Las Vegas 89502 Owner: Valerie Rothe Trends Boutique License type: Boutique Address: 1180 Via Monticano, Henderson 89052 Owner: Trends Boutique LLC Tutoraid LLC License type: Tutoring service Address: 11241 S. Eastern Ave., Henderson 89052 Owner: Tutoraid LLC U.S. Cycles
20
VEGAS INC nov. 8 - nov. 14
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Records and Transactions License type: Automotive garage/ service station Address: 2606 Westwood Drive, Las Vegas 89109 Owner: Dale Gaines U.S. Oil Solutions License type: Recycle waste haulers Address: 3230 W. Desert Inn Road, Suite 180, Las Vegas 89102 Owner: Nevada Oil Solutions LLC United States-Mexico Chamber of Commerce in Nevada License type: Community services Address: 500 N. Rainbow Blvd., Suite 300 Office 344B, Las Vegas 89107 Owner: Alfredo Sanchez Unity Land Construction LLC License type: Contractor Address: 2870 N. Commerce St., North Las Vegas 89030 Owner: Unity Land Construction LLC Vegas Couture License type: General retail sales Address: 875 S. Grand Central Parkway, Suite 19, Las Vegas 89106 Owner: Eva Solis Wi Calendars License type: General retail sales Address: 4300 Meadows Lane, Suite 6511, Las Vegas 89107 Owner: Western Project Services LLC Xtreme Dent Repair License type: Dealership Address: 1414 Pathfinder Road, Henderson 89014 Owner: Did not disclose Zakiyyah J. Hobbs License type: Bail agent/enforcement agent Address: 1925 Western Ave., Las Vegas 89102 Owner: Cutting Edge Bail Bonds Las Vegas LLC 1-Uno Road Side Services License type: General services – counter/office Address: Did not disclose, Las Vegas 89108 Owner: Jose Caravantes
BUILDING PERMITs $498,232, electrical 3901 Donna St., North Las Vegas T&M Controls Inc. $348,926, commercial - alteration 2021 Civic Center Drive, North Las Vegas Gluck Development Company Inc. $300,000, single-family residential - addition 9505 Kings Gate Court, Las Vegas Executive Homes Inc.
$300,000, single-family residential - addition 9506 Kings Gate Court, Las Vegas Executive Homes Inc. $254,404, residential - production 2786 Hera Heights Court, Henderson Greystone Nevada LLC $252,852, residential - custom 1111 Harwood Hills Court, Henderson DR Horton Inc. $250,000, tenant improvement nightclub 2101 N. Rainbow Blvd., Suite 101, Las Vegas RA Lyons Inc.
William Lyon Homes Inc. $171,070, single-family residential - production 9156 Mastodon Ave., Las Vegas DR Horton Inc. $171,070, single-family residential - production 9144 Mastodon Ave., Las Vegas DR Horton Inc. $168,721, single-family residential - production 374 Capistrano Vistas St., Las Vegas Ryland Homes
$219,000, commercial - addition 3950 N. Bruce St., North Las Vegas Kittrell Jensen Contractors LLC
$168,721, single-family residential - production 394 Capistrano Vistas St., Las Vegas Ryland Homes
$218,097, single-family residential - production 474 Rosina Vista St., Las Vegas Woodside Homes of Nevada LLC
$168,225, single-family residential - production 12054 Vibrato Court, Las Vegas William Lyon Homes Inc.
$214,757, residential - production 1088 Via Alloro, Henderson Greystone Nevada LLC
$168,225, single-family residential - production 12065 Vibrato Court, Las Vegas William Lyon Homes Inc.
$202,503, residential - production 326 Mandarin Hill Lane, Henderson Pardee Homes Nevada $202,281, residential - production 329 Mandarin Hill Lane, Henderson Pardee Homes Nevada $194,962, residential - production 2782 Hera Heights Court, Henderson Greystone Nevada LLC $192,466, residential - production 261 Glasgow St., Henderson Beazer Homes Holdings Corp. $190,639, single-family residential - production 12066 Vibrato Court, Las Vegas William Lyon Homes Inc. $190,639, single-family residential - production 12059 Vibrato Court, Las Vegas William Lyon Homes Inc. $190,000, tenant improvement offices 10000 W. Sahara Ave., Suite 105, Las Vegas Boyd Martin Construction LLC $183,373, residential - production 334 Mandarin Hill Lane, Henderson Pardee Homes Nevada $177,968, single-family residential - production 12060 Vibrato Court, Las Vegas William Lyon Homes Inc. $177,968, single-family residential - production 12069 Vibrato Court, Las Vegas
$160,949, single-family residential - production 9162 Mastodon Ave., Las Vegas DR Horton Inc. $160,949, single-family residential - production 9150 Mastodon Ave., Las Vegas DR Horton Inc. $159,973, residential - production 253 Glasgow St., Henderson Beazer Homes Holdings Corp. $158,531, residential - production 904 Everest Peak Ave., Henderson Ryland Homes Nevada LLC $157,019, single-family residential - production 12270 Lorenzo Ave., Las Vegas Pulte Homes of Nevada $157,019, single-family residential - production 342 Rezzo St., Las Vegas Pulte Homes of Nevada $154,866, single-family residential - production 10849 Hammett Park Ave., Las Vegas Toll North LV LLC $154,866, single-family residential - production 10855 Hammett Park Ave., Las Vegas Toll North LV LLC $150,000, tenant improvement educational building 549 N. Lamb Blvd., Las Vegas Kalb Industries of Nevada Ltd.
$148,712, single-family residential - production 6773 Bristle Falls St., Las Vegas Ryland Homes $148,661, residential - production 325 Mandarin Hill Lane, Henderson Pardee Homes Nevada $148,661, residential - production 333 Mandarin Hill Lane, Henderson Pardee Homes Nevada $148,661, residential - production 330 Mandarin Hill Lane, Henderson Pardee Homes Nevada $146,665, residential - production 2817 Poseidon Shore Ave., Henderson Greystone Nevada LLC $145,279, residential - production 913 Carson Bluff Ave., Henderson Ryland Homes Nevada LLC $145,000, tenant improvement storage 3718 Vegas Drive, Las Vegas Quantum Services $141,198, single-family residential - production 10818 Irving Park Ave., Las Vegas Toll North LV LLC $139,734, residential - production 2471 Dragon Fire Lane, Henderson Hacienda Trails LLC $138,815, single-family residential - production 9626 Ashlynn Peak Court, Las Vegas Richmond American Homes of Nevada $138,306, single-family residential - production 9801 Yellow Shadow Ave., Las Vegas Richmond American Homes of Nevada $138,306, single-family residential - production 9618 Ashlynn Peak Court, Las Vegas Richmond American Homes of Nevada $134,760, single-family residential - production 59 Berneri Drive, Las Vegas Pulte Homes of Nevada $134,760, single-family residential - production 56 Berneri Drive, Las Vegas Pulte Homes of Nevada $132,996, single-family residential - production 10814 Wrigley Field Ave., Las Vegas Ryland Homes $132,359, residential - production 692 Giselle Court, Henderson
Hacienda Trails LLC $132,055, residential - new 3629 Greenbriar Bluff Ave., North Las Vegas J.F. Shea Co. Inc. $129,475, residential - production 908 Everest Peak Ave., Henderson Ryland Homes Nevada LLC $129,143, residential - garage 1072 Via Alloro, Henderson Greystone Nevada LLC $126,259, residential - production 690 Giselle Court, Henderson Hacienda Trails LLC $126,259, residential - production 687 Narissa Ave., Henderson Hacienda Trails LLC $126,259, residential - production 685 Narissa Ave., Henderson Hacienda Trails LLC $125,540, residential - new 1316 Gilbert Creek Ave., North Las Vegas Pardee Homes of Nevada $125,540, residential - new 1321 Gilbert Creek Ave., North Las Vegas Pardee Homes of Nevada $115,901, residential - new 1312 Gilbert Creek Ave., North Las Vegas Pardee Homes of Nevada $115,901, residential - new 1320 Gilbert Creek Ave., North Las Vegas Pardee Homes of Nevada $115,901, residential - new 1317 Gilbert Creek Ave., North Las Vegas Pardee Homes of Nevada $110,000, commercial 814 S. Third St., Las Vegas AR Mays Construction Inc. $101,806, residential - production 1545 Olivia Parkway, Henderson Century Communities Nevada LLC $100,010, pool and/or spa 2804 Ashworth Circle, Las Vegas Zakalik Judah Living Trust $100,000, fence 1209 Trade Drive, North Las Vegas Burke Construction Group Inc. $100,000, residential - remodel 1 Anthem Pointe Court, Henderson Findlay Nevada Trust To receive a complete copy of Data Plus every week in Excel, please visit vegasinc.com/subscribe.
22
VEGAS INC
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The List
Category: General Contractors (Ranked by July 2014-June 2015 Billings)
Company
Billings
Employees
Year established
Top executive
The Penta Building Group 181 E. Warm Springs Road Las Vegas, NV 89119
$234,993,964
128
2000
John Cannito, chief operating officer
2
Martin-Harris Construction LLC 3030 S. Highland Drive Las Vegas, NV 89109
$175,250,914
202
1976
Frank Martin, president
3
R&O Construction 6787 Spencer St. Las Vegas, NV 89119
$75,000,000
27
1997
Erik Skogstad, vice president and general manager
4
McCarthy Building Cos. 2340 Corporate Circle, Suite 125 Henderson, NV 89074
$44,000,000
53
1973
Jeff Wood, vice president of operations
5
Kalb Industries of Nevada 5670 Wynn Road Las Vegas, NV 89118
$27,009,460
27
1972
Justin Kalb, president
6
Boyd Martin Construction LLC 5965 McLeod Drive Las Vegas, NV 89120
$25,688,310
27
2003
Boyd Martin, managing member
7
DC Building Group (formerly Danoski Clutts Building Group) 101 E. Warm Springs Road Las Vegas, NV 89119
$18,500,000
26
2001
Shawn Danoski, CEO
8
Kittrell Jensen Contractors 1919 S. Jones Blvd., Suite E Las Vegas, NV 89146
$14,169,256
12
2008
Ron Jensen, managing partner
9
Merlin Contracting 6408 Arville St. Las Vegas, NV 89118
$13,700,000
22
1989
Steve Jones, CEO
LM Construction Co. LLC 5075 Cameron St., Suite H Las Vegas, NV 89118
$7,200,000
34
1996
Larry Monkarsh, managing member
Burke Construction Group Inc. 385 Pilot Road, Suite D Las Vegas, NV 89119
$6,796,043
49
1984
Kevin E. Burke, president and CEO
12
Dakem & Associates LLC 6170 W. Viking Road Las Vegas, NV 89103
$6,700,000
13
1997
Daniel S. Amster, manager
13
Roche Constructors Inc. 7680 W. Sahara Ave., Suite 130 Las Vegas, NV 89117
$236,121
5
1986
Sandy Olson, vice president
1
10 11
Source: VEGAS INC research. It is not the intent of this list to endorse the participants or to imply that the listing of a company indicates its quality. Although every attempt is made to ensure the accuracy and thoroughness of VEGAS INC 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.
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