vegasinc.com | AUGUST 21 -
Au g u s t 2 7 , 2 0 1 6
A Virgin Atlantic passenger jet takes off from McCarran International Airport this month. (STEVE MARCUS/staff)
Slight turbulence in tourism Rising value of the U.S. dollar could lead to less spending from international visitors By Eli Segall | STAFF WRITER
Jose Diaz flew to Las Vegas from Mexico City recently for a family trip. With golf clubs in tow at McCarran International Airport, he seemed excited to get going and start his getaway — but he also knew he’d be watching his wallet. ¶ The U.S. dollar is much stronger than it was a few years ago, crimping foreigners’ spending power. If their money went further, for e ign touri sm, Continu e d on pag e 10
13%
U.S. adults who say they smoke marijuana, according to a Gallup poll. It’s nearly double the percentage from three years ago. The largest demographic of marijuana users was under age 30.
100
Table games granted to Wynn Palace in Macau, far fewer than the resort had hoped for. None of the tables can be reserved for VIPs.
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CONTENTS
VEGAS INC AUG. 21-AUG. 27
GROUP PUBLISHER Gordon Prouty ASSOCIATE PUBLISHER Breen Nolan
NOTEWORTHY STORIES
05 06 18 Q&A WITH CHIPPER PASTRON
The owner of MCC Hospitality Group talks about the importance of trying new things in business, his longtime love of the food-service industry and the fictitious character whose leadership he finds inspiring. THE NOTES People on the Move, P4
MEET THRIVE CANNABIS MARKETPLACE
With prominent businesspeople throwing their hats into the medical marijuana ring and Nevada’s regulatory history, Thrive CEO Mitch Britten says the state is fertile ground for the budding industry. TALKING POINTS Updated overtime rules can improve management, 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: Residential real estate brokerages, P22
EDITORIAL EDITOR Erin Ryan (erin.ryan@gmgvegas.com) MANAGING EDITOR Dave Mondt (dave.mondt@gmgvegas.com) ASSISTANT MANAGING EDITOR/SPORTS AND DIGITAL Ray Brewer (ray.brewer@gmgvegas.com) STAFF WRITERS Kailyn Brown, Jesse Granger, Chris Kudialis, Megan Messerly, Daniel Rothberg, Cy Ryan, Eli Segall, Ricardo Torres-Cortez, Jackie Valley, Ian Whitaker COPY DESK CHIEF John Taylor COPY EDITORS Jamie Gentner, Brian Sandford SPECIAL PUBLICATIONS EDITOR Craig Peterson RESEARCHER Clayt Keefer EDITORIAL CARTOONIST Mike Smith LIBRARY SERVICES SPECIALIST Rebecca Clifford-Cruz OFFICE COORDINATOR Nadine Guy
ART ASSOCIATE CREATIVE DIRECTOR Liz Brown (liz.brown@gmgvegas.com) DESIGNER LeeAnn Elias PHOTO COORDINATOR Yasmina Chavez PHOTOGRAPHERS L.E. Baskow, Christopher DeVargas, Steve Marcus, Mikayla Whitmore
ADVERTISING ASSOCIATE PUBLISHER OF ONLINE MEDIA Katie Horton GROUP DIRECTOR OF SALES OPERATIONS Stephanie Reviea PUBLICATION COORDINATOR Denise Arancibia SENIOR ADVERTISING MANAGER Jeff Jacobs EXTERNAL CONTENT MANAGER Emma Cauthorn BUSINESS DEVELOPMENT SPECIALIST Sandra Segrest ACCOUNT MANAGERS Katie Harrison, Dawn Mangum, Sue Sran ADVERTISING MANAGERS Jim Braun, Brianna Eck, Kelly Gajewski, Chelsea Smith, Tara Stella, Danielle Stone, Alex Teel GREENSPUN MEDIA GROUP SALES ASSISTANT Steph Poli
MARKETING & EVENTS EVENT MANAGER Kristin Wilson DIGITAL MARKETING MANAGER Jackie Apoyan
BOUNCE-BACK OF HOME PRICES DOESN’T MEAN WE’RE IN BUBBLE TERRITORY After plunging during the recession, new-home prices have bounced back in Las Vegas to boom-era levels. Is the market getting bubbly again? Probably not, because despite the price jumps, sales totals remain a fraction of the go-go years’. In Clark County, new homes sold for a median $327,622 in June, up 8 percent from a year earlier, Home Builders Research says. According to RCG Economics, prices peaked locally in August 2007 at a median $338,560. Builders sold about 3,400 new homes in the Las Vegas area this year through June. That’s up 13 percent from the same period last year but nowhere near the pace of 2005. Buyers picked up almost 39,000
PRODUCTION
new homes that year, the peak of Las Vegas’ homebuilding market. Another sign the valley isn’t in bubble territory: Resale prices remain far below peak levels. The median sales price of previously owned single-family homes in July was $236,000, according to the Greater Las Vegas Association of Realtors. That’s up 7 percent from a year earlier but well below the market’s peak of $315,000, reached a decade ago in June 2006 — ELI SEGALL
VICE PRESIDENT OF MANUFACTURING Maria Blondeaux ASSISTANT PRODUCTION DIRECTOR Paul Huntsberry PRODUCTION MANAGER Blue Uyeda PRODUCTION ARTIST Marissa Maheras, Dara Ricci ART DIRECTOR Sean Rademacher GRAPHIC DESIGNERS Michele Hamrick, Dany Haniff TRAFFIC SUPERVISOR Estee Wright TRAFFIC COORDINATORS Kim Smith, Meagan Hodson
CIRCULATION DIRECTOR OF CIRCULATION Ron Gannon ROUTE MANAGER Joel Segler
GREENSPUN MEDIA GROUP CEO, PUBLISHER & EDITOR Brian Greenspun CHIEF OPERATING OFFICER Robert Cauthorn EXECUTIVE EDITOR Tom Gorman MANAGING EDITOR Ric Anderson CREATIVE DIRECTOR Erik Stein VOLUME 3, ISSUE 32 Vegas Inc (USPS publication no. 15540), 2275 Corporate Circle, Suite 300, Henderson, NV 89074 is published every Sunday except the first Sunday of the year by Greenspun Media Group. Periodicals Postage Paid at Henderson, NV and at additional mailing offices. POSTMASTER: SEND ADDRESS CHANGES TO: Vegas Inc 2275 Corporate Circle Suite 300 Henderson, NV 89074 702.990.2545
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the sunday VEGAS INC
the notes
aug. 21-Aug. 27
Mo Nemati is a Clark County Credit Union real estate sales manager. Stephanie Deines is nemati a financial services representative.
Send your business-related information to news@vegasinc.com
borhood College program.
deines
Deborah Danielson of Danielson Financial Group is on Barron’s list of the Top 100 Women Financial Advisors. Christianne Klein is a news anchor/reporter at KLAS-TV. Jim McKusick, managing partner and CEO of Geary Co., was inducted into the Elks Helldorado Hall of Fame. Dr. Rupesh J. Parikh, boardcertified medical oncologist klein and hematologist for Comprehensive Cancer Centers of Nevada, is chief of staff for Dignity Health-St. Rose Dominican’s Siena and Rose de Lima campuses. Cyndi Compan is a commercial credit underwriter for City National Bank’s Nevada region. The bank also financed a community-development loan for Island Pacific Supermarket, 8650 W. Tropicana Ave.
Jared Smith is chief operating officer of the Las Vegas Global Economic Alliance. Antoinette Monroe is director of operations. Additions to the LVGEA board of directors include Michael Brown, president of Barrick Gold USA; Jim Holt, president of National Security Technologies; state Sen. Ben Kieckhefer, director of client relations at McDonald Carano Wilson; Mary Simmons, vice president of business development and community strategy at NV Energy; and Bill Noonan, senior vice president of industry and government affairs at Boyd Gaming. Drs. Marie Baron and Dheeresh Mamidi are pediatricians at HealthCare Partners Medical Group’s Wigwam Pediatric Clinic. Jim Anderson is the Las Vegas regional sales manager for Anthony & Sylvan Pools. TaChelle Lawson is Westgate’s director of food and beverage marketing. Charles Wilson is the executive director of culinary operations at the resort. Regenexx is open at 100 N. Green Valley Parkway, Suite 325, Henderson. Dr. Sidney Kass is the clinic director of the facility. Regenexx provides advanced stem cell and blood platelet procedures for treating orthopedic injuries, arthritis and other degenerative conditions.
Chef Nicole Brisson is culinary compan director for Batali & Bastianich Hospitality Group’s Las Vegas locations. Chef Jon Littleton has been named executive chef of Carnevino Italian Steakhouse at the Palazzo; chef Elisabeth McGee has been promoted to executive chef at B&B Burger & Beer at the Venetian and chef Brett Uniss joined B&B Ristorante at the Venetian as executive chef. Gaming Laboratories International acquired Bulletproof Solutions Inc. April Augustine is GLI’s director of marketing. Richard Metzler, executive vice president of Gold Coast Promotions Inc., a Las Vegas-based fundraising company, graduated from the Clark County Neigh-
Nevada Association Services, the state’s largest provider of collection services for community associations, has acquired ATC Assessment Collection Group, which was operating as Angius and Terry Collections. Norman Rosensteel, the former president of ATC, is vice president for NAS and is charged with integrating the two companies.
augustine
The 2015-16 board of directors for the Sunrise Children’s Foundation is executive director Dave Sanberg; Jennifer Bradley, MassMedia Corporate Communications; Kaleo Curtis, the Public Education Foundation; Lindsay Diamond, UNLV; Monica Plaxton Garin, Charleston Insurance Group; James Grimes, Eldorado Resorts Corp.; Tori Klein, UNLV Foundation; Dr. J. Parker Kurlinski, neonatologist; Dee Ladd; Margaret Ann Lynch; Melanie Maviglia, Nevada State Bank; Michael E. Minden (emeritus member), Michael E. Minden Diamond Jewelers; Courtney Orrock and Alexandria Osborne, Early Head Start; Dwain Rittenhouse, Clinton Nevada LLC; Bonnie Rosselli, Alphagraphics; Victor Salerno (emeritus member), American Wagering; and Lori Soren and Judie Verb, U.S. Bank. Charlie Luh, of Luh & Associates and a founding sponsor of the 1000 Books Foundation, donated
500 activity journals, 200 T-shirts and 200 temporary tattoos to the North Las Vegas Library District for use in the district’s “1,000 Books Before Kindergarten” challenge, which encourages young children to read. Drew Skeen is general manager of the Historic Hotel Nevada & Gambling Hall in Ely, owned by Gaughan Gaming. Kevin Edgar of ServPro of Henderson/Boulder City was recognized with the Millionaire’s Silver award for outstanding revenue performance at the 47th annual ServPro Convention. Matthew Ammirati is the co-CEO with Giancarlo Chersich of the Lucky Jack Organic Coffee Co. Former Congresswoman Shelley Berkley received a key to North Las Vegas. The city also plans to rename a street near the VA hospital in her honor. Jeffrey Silver is chairman of the Mob Museum board of directors. He was vice chairman. Former president Ellen Knowlton serves on the museum’s advisory council. Bret Loughridge, vice president of operations at SR Construction, completed the Las Vegas Metro Chamber of Commerce’s 2016 Leadership Advance program. Leadership Advance blends in-depth community education with practical, hands-on skills and leadership training and allows leaders to gain other techniques and skills. The Valley of Fire chapter of the National Society Daughters of the American Revolution paid tribute to a group of Vietnam War veterans to commemorate the war’s 50th anniversary. Right Lawyers, a divorce and custody law firm, opened its second office in Henderson. Six companies joined the Association of Gaming Equipment Manufacturers. They are Automated Cashless Systems, based in Reno; CMC Trading Engineering, based in Singapore; Duane Morris LLP, based in Cherry Hill, N.J.; Gaming & Entertainment Touch Technology, based in Las Vegas; Holley, Driggs, Walch, Fine, Wray, Puzey & Thompson, with offices in Reno and Las Vegas; and Majestic Realty, based in City of Industry, Calif. Momenti Spirited Ice Creams are available at Total Wine & More and Khoury’s Fine Wine & Spirits. Bottiglia Cucina & Enoteca is open at Green Valley Ranch Resort. Oil & Vinegar, a Netherlands-based culinary boutique, opened a store in Downtown Summerlin.
SUCCESS.TOGETHER. THE COMMUNITY’S CHOICE FOR :
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5
VEGAS INC aug. 21-aug. 27
Q&A with chipper pastron
On and off the menu, never fear innovation Chipper Pastron has never been afraid to get his hands dirty. Even his LinkedIn profile lists him as owner/dishwasher at MCC Hospitality Group. The founder of MCC, Pastron has launched a diverse array of restaurants in California and Las Vegas, but it’s not a strategy he’d necessarily recommend. Any recent updates you’d like to share? We are excited to finally be underway with a long-awaited microbrewery in Burbank, Calif. This has been a passion project for us, and we have been working on this launch for more than three years. Our estimated opening date is end of the fourth quarter. What is the best business advice you’ve received? Sal Casola Sr., my business partner of 30 years, told me, “Don’t be a purist.” While he meant it in regards to making decisions on new menu items for the restaurants, this advice to be willing to try new things and to push the boundaries of a concept has led to great innovations in our company, on and off the menu. If you could change one thing about Southern Nevada, what would it be? It’s important to think about the future and the generations to come. Therefore, if I could change one thing in Southern Nevada, it would be to improve graduation rates for high school students. Chipper Pastron, founder and partner of MCC Hospitality Group, started working in the food and beverage
What has been your most exciting profes- industry as a teenager and says he knew right away it was his passion. (christopher devargas/Staff) sional project? Morels French Steakhouse & Bistro within the I have thought about managing a large traveling best model for success. But the driver for us at MCC Palazzo. In so many ways, Morels represents the production, like a concert or circus. I’ve always enHospitality Group has never been to follow just the best of our best in terms of culinary, service and joyed working with a team to orchestrate events. best business opportunities, but rather to pursue ambience. We are proud to be on a property that what interests us, both from a culinary and hospihas some of the most celebrated chefs in the counIf you could live anywhere else in the world, tality point of view. A new venture has to start from try, three of whom also serve steak. In that enviwhere would it be? a concept that we are passionate about, and only ronment, Morels has continued to grow and thrive I have always loved the Tuscan culture of cooking when we are confident that we can deliver an exsolely on its reputation for a diverse menu paired and living within the seasons. ceptional experience — whether it is a fine-dining with excellent service. steakhouse on the Strip, a super-premium and naWhom do you admire and why? tionally branded coffeehouse concept in Hawaii, You’ve been working in the food and bevCaptain James T. Kirk of the USS Enterprise and or a neighborhood Italian restaurant in Burbank — erage industry since you were 13 years old. Richard Melman of Lettuce Entertain You, both for will we move forward. What made you want to turn it into a cacontinually demonstrating leadership and willingreer with MCC Hospitality Group? ness to try new things and approaches to problem What are you reading right now? I am extremely fortunate that I never had to solving. I’m reading “Originals” by Adam Grant, and remake the decision to pursue a career in the indusreading “A Dance with Dragons” by George R.R. try; as a teenager, I found a passion for the profesWhat is your biggest pet peeve? Martin. sion and simply followed it. I never thought of it Staff members not being attentive to our guests’ as a career, just something that I loved doing. In needs or, even worse, texting while on duty in plain What do you do after work? my youth, I so enjoyed cooking in the kitchen and view of guests. I spend time with my wife and children, play tenthe industry in general — with its fast pace, evernis, go mountain biking, cook and enjoy wine with changing challenges and customer interaction — If you could change one thing about yourfriends. that I would have paid my employers just to let me self, what would it be? work there. I would like to have the ability to fall asleep and Describe your management style. stay asleep by command. I give my team the room and flexibility to explore You own several restaurants, including D. new ideas, and I counsel and coach them to learn Vino Italian Food and Wine Bar, Dragon What is something that people might not from their mistakes. Noodle Co. and JuiceFarm. Why do you know about you? think it’s important to have such diverse I am dyslexic, and both my parents were psychiaWhat is your dream job, outside of your offerings? trists. current field? Diversification of restaurant concepts is not the
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VEGAS INC
get to know a local business
aug. 21-Aug. 27
Send your business-related information to news@vegasinc.com
by the numbers
31
Samsung Galaxy S7 smartphones North Korea rejected. All 11,558 athletes in this year’s Olympic Games were gifted a specialedition phone, but the North Korean government prevented its participants from receiving the South Korean product.
2,719
Bitcoins the U.S. government will auction Aug. 22. The coins come from criminals who were required to forfeit them after being sentenced. They are valued at about $1.6 million.
27.4
Gallons of bottled water the average American will purchase this year. According to research from Euromonitor, this will be the first year bottled water surpasses the average amount of soda purchased.
2,168
Years Leonidas of Rhodes held the record for most individual Olympic titles. That record was broken recently by U.S. swimmer Michael Phelps when he won his 13th individual gold medal.
100
Macy’s department stores to be closed by the end of next year. Macy’s is the largest department-store chain in the U.S. but has lost money for six consecutive quarters.
$91.5 million
Second-quarter revenue reported by Planet Fitness, which has enjoyed 38 consecutive quarters of positive earnings. Planet Fitness opened 36 locations in the past three months, bringing its total to over 1,200 gyms.
$18.5 billion
What the Consumer Technology Association says consumers will spend this year on back-to-school gadgets and electronics.
Mitch Britten is CEO of medical marijuana dispensary Thrive Cannabis Marketplace. (STEVE MARCUS/staff)
Marijuana industry is growing up Who are your customers?
Medical marijuana patients of all ages and walks of life. The Nevada market is unique in that we accept medical marijuana cards from 23 states. You also did business in Colorado; what brought you to Las Vegas?
thrive cannabis marketplace
ple are throwing their hats in the ring, bringing their expertise from other industries and looking for ways to implement proven methods. The days of the renegade pot grower are slowly slipping away, and the notion of ruining public land to provide medicine to patients is transforming into awareness of the medical cannabis industry’s commitment to sustainable cultivation methods, transparency and accountability.
Address: 1112 S. Commerce St. (in Las Vegas) and 2755 W. Cheyenne Ave., Suite 103 (in North Las Vegas) Phone: 702-776-4144 Email: info@thrivenevada.com Website: thrivenevada.com Hours of operation: 10 a.m.-8 p.m. Monday-Saturday; noon-5 p.m. Sunday Owned/operated by: Mitch Britten, Phillip Peckman, Ed Findlay and Julie Murray In business since: 2015
Colorado was a great place to learn about thriving in an emerging industry and adapting to ever-changing regulations. After seeing the market become oversaturated, I knew Colorado wasn’t my last stop. When Nevada opened its application process, I quickly realized that Las Vegas would be the holy grail for the cannabis industry. With its robust regulatory track record, those of us paying attention knew that the marijuana regulations were going to be thoughtful. With that in mind, and after approvals were sent out, I prepared my family for the move and we headed west in January 2015.
What’s the most important part of your job?
Compliance. A lot of people ask what I do for a living, and depending on who’s asking, oftentimes I simply say that I work in compliance (it’s a good way to have a conversation come to a screeching halt). The medical cannabis industry is really tightly regulated. Without proper attention being paid to compliance-related issues, it’s hard to stay up and running.
What makes your dispensary unique?
It was important to me that we branded the stores as marketplaces, not dispensaries. With the way licenses were issued, it made logical sense. We aim to be the storefront for those who don’t have one. We’re privileged here in Nevada; we have really good cultivators and producers, and more are coming online seemingly daily. The more diverse I can keep my store’s shelves, the better shopping experience the patients will have.
What is the hardest part about doing business in Las Vegas?
Growing plants in a climate where plants are not accustomed to the extremes. The climate of Las Vegas is really unique and something I haven’t had to deal with in the past. It completely changed the way that we build cultivation facilities. What is the best part about doing business here?
What’s the biggest misconception about the medical marijuana industry?
I think one of the biggest misconceptions is about who actually works in the industry. Nevada has been a key location where prominent peo-
Nevada has been surprisingly pro-business. I didn’t expect to have such a receptive audience. Lets face it, we’re laying the foundation of the most talked-about emerging industry in the hottest city in the country. Enough said.
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On Daniel Rothberg’s lasvegassun. com story “With little consensus, energy-related lawsuits move through court system”: NV Energy has created a set of policies to ensure that installing solar will end up costing more for your energy than just buying it from them. — SolarDude On Daniel Rothberg’s lasvegassun. com story “With restrictive ruling on noncompetes, casinos could be forced to adjust”: It’s unreasonable to prevent someone from taking a similar job for periods as long as two years. However, it is troubling that the court saw no conflict in the fact the woman stole from her employer before leaving and also sabotaged its computers. — noprogressive On Eli Segall’s lasvegassun.com story “25-acre site once occupied by Castaways and Showboat is on the market for $6 million”: Stations finally realized after 10 years that a casino would not work there. Shows you the old saying in the real estate business is true: location, location, location. — bouldersteve
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VEGAS INC aug. 21-aug. 27
Updated overtime rules can improve management
T
guest column: Establishing trust and eliciting commithe Obama administration fran sussner rodgers ment to results from employees is a key announced it would raise the management task. And knowing what work threshold under which salais expected and the approximate effort to ried workers are guaranteed produce it is core to good management. overtime pay, regardless of their duties, to When all time after 40 hours is free, management can $47,476 a year. The updated overtime rule will give working become sloppy and less focused on results. Witness the endpeople more free time, more money in their pockets, or both. less meetings that lack focus and clear agendas. Or the work But it also will affect how businesses and nonprofit organipeople are asked to do in which the purpose is unclear and zations manage employees. there often is no response or follow-through. Predictably, trade organizations and people who make When more managers have to pay for overtime, they will their living representing employers are wringing their hands be forced to be more efficient and respectful of time. If they about having to adapt. curtail flexibility, it will be based on an outdated belief that A recent article in The Washington Post, “How the new flexibility is a favor and not simply another way to get the overtime rules could affect flexibility on the job,” quotes work done. That would ignore a key selling point to the business representatives who argue that employers might talent they need to hire, which values flexibility almost as eliminate flexibility because they won’t be able to verify much as salary. whether the person who may be working at home is really This overtime rule will give a boost in wages to middleputting in the hours. class people who must work extra hours and a reason to This argument ignores the fact that few people in this hire more people if the workload is too great — and it is, salary bracket actually work at home by choice, and that all and should be, a tool for better management. Time is our telecommuters have to prove they are working when they most finite and valuable resource. We must allocate it to say they are. This rule does not change that. our work, our family, our community and our interests. Any employer that curtails flexibility because of the Flexibility is a tool to meet our multiple obligations, not a overtime change is declaring that it cannot trust its employgift to us. ees and that it lacks the skills to evaluate performance and Fran Sussner Rodgers is founder and former CEO of the results — implying that too many employees lie about their consulting firm Work/Family Directions, now WFD. She wrote hours and that managers lack the ability to judge the work this essay for InsideSources.com. output of an employee relative to the time put 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 aug. 21-Aug. 27
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Apartment developer talks state of Las Vegas rental market, risk of on-site retail tenants By Eli segall
next thing you know the bike shop subleases the space to, say, a doggrooming company. Then all of a sudden, the apartments smell like flea shampoo.
Staff Writer
Las Vegas apartment developers are some of the busiest builders in the valley, opening projects that often charge above-average rents and offer an extensive menu of amenities. Locally based firms including Nevada West Partners and the Calida Group account for much of the construction, but a group from Dallas is getting in on the action. Abode Properties is looking to develop four apartment complexes in Las Vegas: two in the southwest valley, one at Windmill Lane a block east of Las Vegas Boulevard, and one on Spring Mountain Road just west of Interstate 15 in the Chinatown area. Clark County records show plans for 308 units at Fort Apache Road and Hacienda Avenue, 421 units at Buffalo Drive just south of Sunset Road, and 471 units at Spring Mountain and Polaris Avenue. Plans are expected to be filed for the Windmill project soon, said Rodman Jordan, who is leading the company’s projects here as its contract developer. Abode owns the southwest valley sites and is under contract for the other two, he said. Like other apartment developers, the company would offer no shortage of amenities. Jordan said he could not discuss the Chinatown-area project or the broader topic of urban versus suburban, but county records show plans for a 2,300-square-foot restaurant, bar and retail section at Spring Mountain and a 4,650-square-foot fitness center. Jordan said the Buffalo project would have a jogging path, a rock-climbing wall and retail space that he hopes to fill with a bike shop. Amid the surge in construction, more than a few real estate pros have questioned whether investors are overbuilding, especially in the southwest valley. Some 3,000 apartments hit the market valleywide last year and 4,500 are expected this year, CBRE Group broker Spencer Ballif has said. All but a few projects are in the suburbs. In urban areas, developer Jonathan Fore is building a rental complex on Spring Mountain just west of Abode’s site, and the Wolff Co. and Downtown Project are building a rental property at Fremont and Ninth streets downtown, next to
Rodman Jordan is developing apartment complexes in Las Vegas for a group of investors in Texas. (L.E. Baskow/staff)
“We would rather have been the first in the pipeline than toward what looks like the end, but it’s OK. First of all, a 3,500-unit-per-year absorption in Clark County has happened regularly in its history, so what you’re talking about is a one-year supply jumping into the market all of a sudden after six years of nothingness.” — Rodman Jordan, developer
Atomic Liquors. Jordan, founder of Centura Development Co., met with VEGAS INC recently to talk about his projects and the valley’s apartment market. Edited excerpts: Most apartment construction in Las Vegas is in the southwest valley. Did you think there was too much in that area? We weren’t afraid of the size of the market or what’s scheduled to be delivered in the southwest. We would rather have been the first in the pipeline than toward what looks like the end, but it’s OK. First of all, a 3,500-unit-per-year absorption in Clark County has happened regularly in its history, so what you’re talking about is a one-year supply jumping into the market all of a sudden after six years of nothingness. Also, what’s unique is that, by coming in when we did, we got to see what subcontractors were doing with their pricing. Were prices going up, going down, staying the same?
There was talk about escalating prices, but what happened was there were no new announcements since all these projects started. Prices are getting competitive again because subcontractors don’t have that third or fourth project in the pipeline. As far as I can tell, most apartments being built in the valley do not have a commercial component. No one wants it because it’s a burden, and apartment developers don’t know what to do with it, by and large. The retail component brings a level of complexity that a lot of developers want to avoid. It can create a more activated experience for tenants if it’s done well. But if it’s done wrong, it could hurt the facility — some third party would operate something that could work to the detriment of a residential project. Depending on the retail tenant, could it scare renters away? Sure. Let’s just say you have a project with a bike shop in there, and the
Overall, what are the pros and cons of Las Vegas’ current rental market? I think it’s a really balanced market; it’s very healthy. I’m comfortable with the amount of new supply, and the demand is there. The jobs are there, too. I just attended a UNLV midyear economic report. They had all these slides showing that our jobs have recovered to where they were before the economic collapse. You know what else is good about this labor market recovery? It’s not construction-related jobs. Construction is the bubble — but right now, construction jobs are at a very healthy 30-year average. What, if any, weak spots do you see? The transient population. That’s always going to be a weak spot because apartments do well with renewals. Apartments would like for you to move in and never leave. With so much churn, that’s wear and tear on the buildings, and it requires a lot of administrative effort after a tenant leaves. As you were looking around town for project sites, what did you think about land prices here? Deceptive. It’s all about civil improvements and the cost of really utilizing this land. The dirt prices have little bearing on what it actually costs to bring the land to construction. It’s a dangerous market for people to dabble in unless they really understand the consequences of this complexity, because you could make a bad mistake. Like buy a $500,000 worthless piece of dirt? Yeah, that happens all the time. When you drive around and you see the vacant land, that’s them. Calida, Jonathan Fore and other savvy, local developers have gotten everything that’s worth getting. I don’t think you’re going to see much more sprawl for multifamily.
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Casinos could be forced to adjust after court ruling on noncompetes By daniel rothberg Staff Writer
In 2012, after several years working as an executive casino host for the Atlantis Casino Resort Spa in Reno and at Harrah’s before that, Sumona Islam took a job with the nearby Grand Sierra Resort. One problem: Islam had signed a noncompete agreement preventing her from taking the job. Not long after Islam defected to the Grand Sierra, Atlantis sued. Its lawyers alleged a violation of the agreement and said Islam had copied and altered the casino’s proprietary customer information. The case went to trial and was appealed to the state Supreme Court, which ruled in July that the noncompete was unreasonable. The court’s order, which has flown largely under the radar, represents a “paradigm shift,” argued Howard Cole, a Lewis Roca Rothgerber Christie partner who has drafted several noncompetes. “Companies should immediately be discussing with their counsel: What do we have to do?” Cole said. In question before the court was whether Atlantis could enforce a noncompete agreement prohibiting Islam from employment at a gaming business within 150 miles of Atlantis for more than one year after working at the casino. In a 4-3 ruling, the court found the clause “overbroad.” Favoring employee interests, the court majority refused to modify the contract and said the entire agreement was invalid. “According to the term, Islam is prohibited from being employed, for instance, as a custodian, at every casino within a 150-mile radius,” Justice Michael Douglas wrote for the majority. “The agreement’s prohibition of all types of employment with gaming establishments severely restricts Islam’s ability to be gainfully employed. For these reasons, we deem the term to be overbroad and unreasonable.” The use of noncompetes extends far beyond the casino industry. Illinois-based sandwich chain Jimmy John’s recently dropped an infamous noncompete clause that prevented its employees from taking jobs with its competitors for two years. The Nevada Supreme Court once invalidated a noncompete that prohibited a legal assistant from competing within 100 miles of Reno/Sparks for five years. They are used by construction companies, media outlets and health care groups alike, and the aim is to protect core business interests. Casinos often apply noncompete agreements to employees, like hosts, with access to proprietary information. Having reviewed and drafted noncompete clauses for Nevada clients, including gaming interests, Cole said the decision could make many of those agreements hard to enforce as written. “None of those agreements, in my opinion, would pass muster after the Atlantis decision,” he said. For companies, requiring employees to sign noncompete agreements can cut both ways. Unless a casino is prepared for a legal battle, the clauses can deter that company from poaching new talent if competitors also use noncompetes. A casino near
Baltimore — Maryland Live — filed a lawsuit in July that accuses MGM Resorts International, which is building a casino in the state, of hiring hosts who signed noncompete agreements. The suit says the hosts improperly collected information about “high rollers.” “Maryland Live is resorting to threatening its current and former employees with unenforceable noncompete provisions in hopes of preventing people from working in other states, regardless of whether their new employment would compete with Maryland Live,” MGM Resorts has said in a statement. Like several other casino operators, MGM Resorts said it uses noncompete agreements in cases in which it feels a need to protect its business interests. Contracts negotiated by the Culinary Union exclude such clauses. Joshua Buck, president of the Nevada Employment Lawyers Association, said many jurisdictions are looking at the breadth of noncompete agreements and the restraints they place on doing business. “You cannot have a noncompete anywhere in California,” Buck said. “I personally think that they are increasingly being looked at with hostility and increasingly being looked at with skepticism.” Some predict the Nevada Supreme Court’s decision could affect Nevada companies because the court refused to modify Atlantis casino’s “unreasonable” noncompete. When some courts deem noncompete agreements overbroad, they will modify sections rather than invalidate the entire clause. “The court is pretty clear that they are not going to reform or interpret unreasonable language,” said Ruben Garcia, a professor at UNLV’s Boyd School of Law who specializes in employment issues. In the case of Sumona Islam, the three dissenting judges questioned why the majority expressed such concern for the employee. Before leaving Atlantis, Islam copied customer data that she later input into Grand Sierra’s computer system. She also altered customer data in Atlantis’ computer system. After a criminal proceeding, gaming regulators revoked her work permit, which she had reinstated on an appeal this year. The dissent argued that modifying the clause to remove the broad language, rather than invalidating the whole clause, would have better balanced the interests of the employee and employer. Islam’s attorney, Mark Wray, did not dispute his client’s actions, but he said noncompetes are often used as an anticompetitive tactic. He said casinos hire hosts to benefit from their existing relationships. “Nobody owns these gamblers,” he said. Before the Nevada Supreme Court, Atlantis had argued that Grand Sierra should also be liable for taking its trade secrets — the copied information that Islam uploaded to Grand Sierra’s computers. The court sided with Grand Sierra, which argued that it had no knowledge that the data amounted to trade secrets. Lawyers for Grand Sierra did not respond to a request for comment.
Southern Nevada home purchases sink while prices climb By eli segall Staff Writer
Las Vegas home prices rose last month amid a drop in purchases. The median sales price of single-family homes in Southern Nevada in July was $236,000, up 0.4 percent from June and 7.3 percent from a year ago, according to a report from the Greater Las Vegas Association of Realtors. Buyers picked up 2,837 single-family homes, down 12.7 percent from June and 7.2 percent year-over-year. The GLVAR reports data from its listing service, which largely comprises previously owned homes. Despite the drop in sales totals, GLVAR President Scott Beaudry, owner of Universal Realty, said home sales through the first half of 2016 outpaced last year’s tally. He also noted that prices, which had been largely flat for almost a year, “have been going up gradually.” According to the GLVAR, the median sales price of previously owned singlefamily homes — the bulk of Las Vegas’ for-sale market — hovered around $220,000 from June 2015 through April this year. “The local housing market is having a pretty solid summer so far,” Beaudry said in a news release. According to Beaudry, however, sales totals last month dropped the most for lower-priced homes, which “suggests it’s getting harder for entry-level buyers to find the homes they want.”
Nevada strikes trade agreement with Australian state By cy ryan Staff Writer
CARSON CITY — An agreement has been signed between Nevada and an Australian state to promote trade and development of mining products. Gov. Brian Sandoval recently completed his trade mission Australia, and his office in Carson City announced the agreement with the premier of Queensland, Annastacia Palaszczuk. The three-year agreement calls for sharing experiences in higher education, water management and technology. The governor’s office earlier announced an agreement between UNLV and an Australian university to share information on gaming issues.
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aug. 21-Aug. 27
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forei gn tourism, from page 1
Canadian dollar, British pound, euro and Mexican peso all down against U.S. dollar international visitation
Number of international passengers carried to and from McCarran International Airport, by year
3.5M
3M
2.5M
2M
3,494,010
3,344,648
2,973,579
2,875,125
2,602,111
2,253,999
2,298,775
2,335,353
2,244,574
2,152,978
06
07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15
20
1,821,318
1,421,850
05
20
20
1,085,543
04
20
1,012,781
03 20
1,076,039
02
500K
20
1,222,428
01
1M
20
00
1.5M
20
Diaz said, the family would play an extra round of golf or stay longer. “You have to have a budget,” his brother Adrian Diaz said. Jim Pope, a Las Vegas construction contractor, recently flew home from a trip to Canada. U.S. money goes a longer way up north, though his girlfriend, who lives in Edmonton, plans to visit him next month and won’t get the same perks. She was trying to figure out how she could “afford to do what she likes to do” here, Pope said, “because their dollar is so weak compared to our dollar right now.” Trevor and Julie Wright, of England, recently flew here for a weeklong vacation. They booked the trip, their first to the United States, just a few days before — “We’re really rubbish at planning,” Julie said — and weren’t worried about their dampened purchasing power. “We’ve come for a blowout, and that’s it,” Trevor said. Americans comprise the bulk of Las Vegas’ 42 million annual visitors, but international tourists are much more lucrative per person, as they stay longer and spend more money. But lately, this segment of the economy has faced some big headwinds. The U.S. dollar’s rise — fueled by a relatively better economy at home than abroad, reports say — has slashed spending power here for people from around the globe. Affected countries include Las Vegas’ three biggest sources of foreign tourism: Canada, whose economy has been hurt by a steep drop in oil prices as well as western wildfires; Mexico, whose economy has “stumbled” with stalled exports and a slowed service industry, according to Bloomberg News; and the United Kingdom, where the Brexit vote in June to leave the European Union rocked global stock markets and caused the British pound to tumble. Foreign currencies have plunged
Source: McCarran International Airport
against the U.S. dollar from peak values reached over the past five years. As of Aug. 12, according to currency converter xe.com: n A Canadian dollar was worth 77 cents, down 25 percent from 2012 n A British pound was worth $1.30, down 24 percent from 2014 n A euro was worth $1.11, down 23 percent from 2011 n A Mexican peso was worth 5 cents, down 38 percent from 2013 The busiest international carrier here, Canada’s WestJet Airlines, flew about 481,500 people in and out of McCarran this year through June, down 11 percent from the same period last year. Aeromexico was down almost 6 percent year-over-year to 135,300 passengers, and Panama’s Copa Airlines, whose flights here typically carry loads of Brazilians, was down 34 percent to 45,200. Several foreign carriers are growing here. British Airways’ midyear passenger tally in Las Vegas was up 19 percent from same-period 2015, to roughly 164,700. Germany’s Condor
Airlines was up 18 percent to 40,800 passengers, and Air Canada climbed 8 percent to 387,600. But overall, foreign carriers’ midyear passenger totals at McCarran were essentially flat, up 0.2 percent to 1.7 million, while U.S. airlines’ passenger counts rose 6.3 percent to 21.1 million, airport data show. International tourism “remains strong” in Las Vegas, “but we’ve certainly seen some effect” from the currency swings, said Cathy Tull, senior vice president of marketing at the Las Vegas Convention and Visitors Authority. According to the most recent LVCVA data, foreign tourism here grew every year between at least 2005 and 2014, growth rates ranging from 1.5 percent to 13.7 percent. In 2014, there were 6.2 million international visitors. Industry insiders and analysts say they don’t expect international visitor totals to decrease. But, they said, many tourists might watch their spending because of the stronger greenback. “It’s not going to stop them from
coming,” Union Gaming analyst John DeCree said. “Maybe they’ll just make some different decisions while they’re here.” Overall, foreign tourists’ spending in the United States slowed “considerably” over the past year and a half, though other industries have been hit harder by the rising dollar, said David Huether, senior vice president of research at the U.S. Travel Association, an industry group. U.S. manufacturing exports fell 7.5 percent this year through May compared with the same period last year, and agriculture exports fell 13.8 percent. International visitors’ travel-related spending in the United States, however, climbed 2.4 percent in that time, according to association estimates of federal data. “We haven’t been as adversely impacted,” Huether said. Currency swings have an “inverse relationship” with tourism, said Chris Jones, chief marketing officer at McCarran: Domestic tourism to Las Vegas climbs when the dollar is stronger, and international tourism gets a boost when the dollar slides. “There’s always going to be a tradeoff,” he said. There has been “some softening” from Canada and South America, but Europe is “still really strong,” LVCVA’s Tull said. Moreover, China’s Hainan Airlines plans to launch service between Las Vegas and Beijing in December, the first nonstop flights ever between McCarran and mainland China. The airport has spent a fortune luring international airlines and travelers. McCarran’s $2.4 billion Terminal 3, used by foreign carriers, opened in 2012, and airport officials last year unveiled plans to double McCarran’s international gates to 14. International visitors stay an average of 5.3 days in Las Vegas and spend $1,515 per trip; domestic trav-
Currency swings have an “inverse relationship” with tourism, said Chris Jones, chief marketing officer at McCarran: Domestic tourism to Las Vegas climbs when the dollar is stronger, and international tourism gets a boost when the dollar slides.
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Hou Wei, vice president of Hainan Airlines, joins in a toast with local officials as the Las Vegas Convention and Visitors Authority helps announce that the carrier will launch the first nonstop service ever between mainland China and Las Vegas. (L.E. Baskow/staff)
elers stay an average of 4.2 days and spend $1,100. Foreigners spend an average of $282 per trip on shopping, compared with $93 by U.S. visitors, and $63 on sightseeing, compared with $6, LVCVA data show. “It’s a good profile for us,” Tull said. Canada is the biggest source of international tourism in Las Vegas — 1.9 million people visited from the country in 2014, comprising 31 percent of foreign travelers that year, according to the LVCVA. But industry pros say tourism from the country is slumping. WestJet, based in the oil-heavy province of Alberta, is running 63
flights a week to Las Vegas, down from 78 per week a year ago, Jones said. According to a recent report by government agency Statistics Canada, the country’s gross domestic product shrank in May by 0.6 percent, the largest one-month decline since 2009. “If you’re (from) a market that is largely oil-centric, it makes sense that you’ll be hurting a little bit more right now,” Jones said. WestJet spokeswoman Lauren Stewart said the currency swings and Canada’s economic woes have “definitely impacted” the airline, with less travel to the United States. Canadians “love Las Vegas,” she
said: It is WestJet’s biggest U.S. market, as Canadians flock here for sunshine, entertainment and gambling. And while Canadians still take vacations here and elsewhere, they are finding ways to trim costs. Travelers are going to all-inclusive resorts, staying in Canada, taking shorter trips or ditching a hotel and staying in other people’s homes through Airbnb and cooking their own meals — “just watching their dollars a little more closely,” Stewart said. T.J. Atkinson, of Manitoba, visited Las Vegas recently for the first time with his wife and another couple. Many Canadians spend winters in the United
States, he said, but “a lot of them are looking to sell their properties” because “it’s not as viable anymore.” He said it was “a bit of a kick in the pants” to see the Canadian dollar slide after he booked his tickets for the trip here. But he was “hyped” to visit and “see all the sights” in America’s casino capital. Standing in baggage claim at McCarran, Atkinson said he had “heard so many good things” about Las Vegas and wouldn’t let the exchange rate crimp his spending. “Sometimes,” he said, “you’ve just got to pay a little more for that enjoyment.”
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It’s time to talk about what’s right with Las Vegas
T
here seem to be two types of essays penned in local papers about life in Las Vegas: the born-and-raised local who defends Las Vegas unconditionally and the skeptical transplant who constantly bemoans what it lacks. Well, as an adopted Las Vegan who has lived on both coasts and abroad, I’ve found much to like. Over the past decade, I’ve put down considerable roots and have business, charitable and civic ties that I don’t plan on unwinding anytime soon. In fact, I’m here for the long haul. Sure, I’d like to see Las Vegas become less of a Guest column boom/bust town, where Nehme E. Abouzeid opportunists pour in when business metrics tilt upward and bolt as soon as the easy money dries up. We need more entrepreneurship in the hospitality sector to capitalize on our more than 42 million tourists each year. Amid gaming regulations, barriers to entry are too high for startups. And while we seek to embrace the future, we are often caught defend-
“We need more entrepreneurship in the hospitality sector to capitalize on our more than 42 million tourists each year. Amid gaming regulations, barriers to entry are too high for startups. And while we seek to embrace the future, we are often caught defending brickand-mortar business models of yore.”
ing brick-and-mortar business models of yore. There are bright spots, like the cloud-data business Switch and the UFC, a homegrown sports league that became a global phenomenon after most observers had relegated it to the dust bin. We’ve pioneered integrated resorts and triumphantly exported them around the world. I remember attending the opening of Venetian Macao in 2007 and watching proudly as over 100,000 people streamed through the doors in the first 24 hours. Now Wynn is opening Wynn Palace, which will undoubtedly be something special even in a more competitive Macau casino market. Domestically, Las Vegas’ loss of its monopoly on gaming has allowed so many other areas to flourish. Nowadays, daylife is as important as nightlife, and festivals help round out the seasonal slow
periods in tourism. These are all good things. In quality-of-life comparisons, Las Vegas continues to hold its own. Its relative small-town feel juxtaposed with big-city attractions is really unsurpassed anywhere in America. Hosting events like presidential debates helps change outdated views of what Las Vegas is all about and allows us to move away from the vice image. And with pro sports on the horizon, what better city to host a future Super Bowl than one with a mild climate and 150,000 hotel rooms within a 15-minute drive of an international airport? Indeed, I’m always encouraged by the constant reinvention of this city and the verve of its residents. To paraphrase a recent U.S. president, I really don’t see anything wrong with Las Vegas that can’t be cured by what is right with Las Vegas. We just need to decide where to put our focus. We tend to do well cutting through red tape to get things done and get things built. Hopefully, what we’ll build next is a city that locals and transplants can look at through the same lens and equally appreciate. Nehme E. Abouzeid, MBA, is a former journalist and current executive director of brand marketing for Wynn Las Vegas. In a 13-year career with Las Vegas Sands and Wynn, he has helped develop and market integrated casino-resorts worldwide.
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Calendar of events MONDAY, AUGUST 22 Public Relations Society of America 2016 Media Roundtable Time: 11:30 a.m.-1 p.m. Cost: $25 for PRSA members; $30 for nonmembers or at the door Location: Bonefish Grill at Town Square, 6527 Las Vegas Blvd. South, Las Vegas Information: Visit prsalasvegas.com Listen to a panel discussion from journalists Jon Ralston; Patrick Walker, KLAS-TV; and John L. Smith, KNPR. They will discuss news coverage, current events and the role of media.
TUESDAY, AUGUST 23 Government Contracting 201: International Contracting Time: 1-4 p.m. Cost: Free Location: Small Business Administration Nevada District Office, 300 S. Fourth St., Suite 400, Las Vegas Information: Email judith.hepburn@sba.gov This seminar will acquaint businesses with the market conditions and the process for bidding and winning international U.S. government contracts. BOMA Nevada monthly meeting Time: 11:30 a.m.-1 p.m. Cost: $35 for Building Owners and Managers Association members; $40 for nonmembers; $45 at the door Location: Las Vegas Country Club, 3000 Joe W. Brown Drive, Las Vegas Information: Visit bomanevada.org Sam Kaufman, CEO and managing director of the Henderson Hospital, will discuss progress and news for the hospital slated to open this fall. AviSight Drone Academy Time: 9 a.m.-5 p.m.; also Aug. 24-26 Cost: $500 for one-day beginner course; $900 for two-day Part 107 professional course; $1,600 for four-day master course Location: South Point, 9777 Las Vegas Blvd. South, Las Vegas Information: Visit avisightdroneacademy.com Become a pioneer in this fast-growing industry. Attendees will receive the necessary training and certification to ensure that business operations are safe and legal.
Southern Hills Republican Women luncheon Time: 11:30 a.m. Cost: $25 for SHRW members; $30 for nonmembers Location: Buckman’s Grille, 2600 Hampton Road, Henderson Information: Call 702-450-7063 Republican Congressman Joe Heck, a candidate for the U.S. Senate, will be the featured speaker. Lunch & Learn Time: Noon-2 p.m. Cost: Free Location: Las Vegas Convention Center, Conference Room N263, 3150 Paradise Road Information: Email crsvlvinfo@gmail.com The Cristo Rey St. Viator Las Vegas College Preparatory Feasibility Study Committee hosts this event to discuss new opportunities within the business community. The committee is seeking letters of intent from job partners across all corporate industries, as a Cristo Rey High School is projected to open here in 2018.
WEDNESDAY, AUGUST 24 Mixer at TaylorMade Golf Experience Time: 6-7:30 p.m. Cost: $5 for UNLV students; $15 for UNLVIP members; $20 general admission Location: TaylorMade Golf Experience, 6730 S. Las Vegas Blvd. South, Las Vegas Information: Visit unlvalumni.org Connect with UNLV alumni at the Rebel Business Network gathering, set at TaylorMade’s Strip-side golf attraction. LVCVA Chairman Lawrence Weekly will discuss the state of tourism in Las Vegas, and showgirls will greet attendees. Certified Commercial Investment Member August luncheon Time: 11:30 a.m.-1:30 p.m. Cost: $40 for CCIM members; $50 for nonmembers; $60 at the door Location: Palms Resort, 4321 W. Flamingo Road, Las Vegas Information: Visit snccim.org The topic for this event will be “So you want to own commercial real estate?” Top real estate panelists will discuss successes, setbacks and risks in the industry.
THURSDAY, AUGUST 25 Been There Done That Time: 8-9:30 a.m. Cost: Free Location: The Office Squad, 7495 W. Azure Drive, Las Vegas Information: Call 702-649-3495 Enjoy breakfast and conversation with local business owners about what worked and didn’t work for them, and what’s next. Join the discussion on planning how to grow your business. Henderson Chamber of Commerce networking mixer Time: 5-8 p.m. Cost: $15 for chamber members; $25 for nonmembers; $10 additional for walk-ins Location: Bottiglia Cucina Enoteca at Green Valley Ranch, 2300 Paseo Verde Parkway, Henderson Information: Call 702-565-8951 Grow your network and mingle with business professionals and Henderson Chamber of Commerce members. Las Vegas Asian Chamber of Commerce luncheon Time: 11:30 a.m.-1 p.m. Cost: $35 for ACC members; $45 for nonmembers Location: Gold Coast, Arizona Ballroom, 4000 Flamingo Road, Las Vegas Information: Call 702-737-4300 Network while gaining perspectives on local, national and international events. The guest speaker will be Democratic Congresswoman Dina Titus.
FRIDAY, AUGUST 26 August CommunityCation luncheon Time: 11:30 a.m.-1 p.m. Cost: Free Location: The Innevation Center, 6795 S. Edmond St., Las Vegas Information: Call 702-444-1111 Janet Runge, Ph.D., will discuss individual creativity and team innovation, and why it’s important to foster and grow both. Runge is the founder of UNLV’s Global Entrepreneurship Experience and the UNLV Center for Entrepreneurship.
Conventions
expected Show Location Dates attendance
Orgill Fall Dealer Market
Sands Expo and Convention Center
Aug. 25-27
32,000
VMworld
Mandalay Bay
Aug. 28-Sept. 1
20,000
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Records and Transactions Bankruptcies Chapter 11 Annie’s Gourmet Parties 272 Windsong Echo Drive Henderson, NV 89012 Attorney: Corey B. Beck at becksbk@yahoo.com Sea Level View Inc. 10120 S. Eastern Ave., Suite 200 Henderson, NV 89052 Attorney: Matthew L. Johnson at annabelle@mjohnsonlaw.com Sunpower by Renewable Energy Electric 7180 Dean Martin Drive, Suite 100 Las Vegas, NV 89118 Attorney: Bryan A. Lindsey and Samuel A. Schwartz at bryan@ schwartzlawyers.com and sam@ nvfirm.com
Bid Opportunities Wednesday, AUG. 24 2:15 p.m. Southern Nevada Health District Building: Site Demolition Clark County, 604171 Sandy Moody-Upton at scm@ clarkcountynv.gov
Thursday, AUG. 25 2:15 p.m. Metro Communications Center: Chiller Plant Upgrade Clark County, 604176 Sandy Moody-Upton at scm@ clarkcountynv.gov
Friday, AUG. 26 2:15 p.m. Desert Inn Road, Sir George Drive and Winterwood Boulevard Improvements Clark County, 603873 Tom Boldt at tboldt@clarkcountynv.gov 3 p.m. Clark County on Road Vehicle Classification Study Clark County, 604186 Sherry Wimmer at sherryw@ clarkcountynv.gov
Wednesday, AUG. 31 2:15 p.m. Regional Justice Center: Central Plant Boiler Addition Clark County, 604200 Sandy Moody-Upton at scm@ clarkcountynv.gov
Friday, SEPT. 23 2:15 p.m. Las Vegas Boulevard from St. Rose Parkway to Silverado Ranch Boulevard Clark County, 604083 Tom Boldt at tboldt@clarkcountynv.gov
Brokered transactions SALES $289,952 for 3,454 square feet, office 871 Coronado Center Drive, Suite 110, Henderson, NV 89052 Landlord: TAG Coronado 1 Landlord agent: Marc Magliarditi, Brendan Keating of Logic Commercial Real Estate Tenant: RBSM Tenant agent: Matt Kreft, Jayne Cayton of Cushman Wakefield Commerce
LEASES $1,350,000 for 13,282 square feet, industrial for 66 months 5 Sunset Way, Henderson 89014 Landlord: Did not disclose Landlord agent: Travis Noack, Kimberly Summers, Mel Koich and Craig Summers of Gatski Commercial Tenant: Did not disclose Tenant agent: Travis Noack, Kimberly Summers, Mel Koich and Craig Summers of Gatski Commercial
BUSINESS LICENSES T Mobile Financial License type: General retail sales Address: 1291 S. Decatur Blvd., Suite 100, Las Vegas Owner: David A. Miller T Mobile Leasing License type: Rental and leasing Address: 1717 S. Decatur Blvd., Suite B02A, Las Vegas Owner: David A. Miller T Mobile Leasing License type: Rental and leasing Address: 1291 S. Decatur Blvd., Suite 100, Las Vegas Owner: David A. Miller T.A.R. License type: Automotive garage/ service station (minor) Address: 1711 N. Decatur Blvd., Las Vegas Owner: Marios Stolidakis Tamara Kinoshita License type: Real estate sales Address: 7560 W. Sahara Ave., Suite 101, Las Vegas Owner: Tamara Kinoshita Target Store T826 License type: Food services or cafe Address: 3210 N. Tenaya Way, Las Vegas Owner: Target Corp. Temple Auto Sales License type: Automotive sales with minor repair Address: 218 W. Wyoming Ave.,
Las Vegas Owner: Darlene Torres Sosa The Makings of Mao License type: General retail sales Address: Did not disclose, Las Vegas Owner: Timothy Ladner and Monique Ladner The Sleep Center of Nevada License type: Medical office Address: 2920 N. Green Valley Parkway, Suite 313, Henderson Owner: Drs. R. D. Prabhu - Lata K. Shete Tigo License type: General retail sales Address: 4954 W. Charleston Blvd., Las Vegas Owner: Ahmed Sedik Tj Batteriez License type: General retail sales Address: 5714 W. Charleston Blvd., Las Vegas Owner: Ruben Gutierrez Cedillo Tony J. Fay License type: Real estate sales Address: 6955 N. Durango Drive, Suite 1002, Las Vegas Owner: Tony J. Fay Tuimama’s Clothesline License type: Gross revenue Address: 400 National St., Henderson Owner: Robin Tuitama U S Appraisal Pros License type: Professional services Address: 1801 S. Rainbow Blvd., Suite 270, Las Vegas Owner: D. Montoya Enterprises U.S. Bank National Association License type: Automated teller operator Address: 7151 W. Craig Road, Las Vegas Owner: Alyce Trask and Carol Lafferty
Vegas Stamps and Hobbies License type: General retail sales Address: 5643 W. Charleston Blvd., Suite 1, Las Vegas Owner: Randall Shepard Vegas Valley Carpet Cleaning License type: Repair and maintenance Address: Did not disclose, Las Vegas Owner: John Aguiar Waveseer of Las Vegas License type: Inter-jurisdictional business Address: 13985 Grand Valley Parkway, North Las Vegas Owner: Waveseer of Las Vegas Western Union Financial Services License type: Wire service Address: 10890 W. Charleston Blvd., Las Vegas Owner: Rajesh K. Agrawal and David Thompson White Owl Home Projects Professional License type: Property maintenance Address: 1293 Corista Drive, Henderson Owner: John White Winterwolf Press License type: Publishing Address: 2400 N. Tenaya Way, Suite 101, Las Vegas Owner: Winterwolf Enterprises Wolfpack Tattoo Downtown License type: General retail sales Address: 626 S. Las Vegas Blvd., Suite 100, Las Vegas Owner: Wolfpack Tattoo World Tree Healing Arts License type: Independent massage therapist Address: 5931 Moon Garden St., Las Vegas Owner: World Tree Healing Arts
Ziad License type: Short-term residential rental Address: 1231 Shadow Lane, Las Vegas Owner: Lee Zucker 220 Off-Road Tours License type: Travel agency Address: Did not disclose, Las Vegas Owner: Robert Church Abel Ayala Delgado License type: Handyman Address: 1109 Bull Run Ave., North Las Vegas Owner: Abel Ayala Abril Wireless License type: Miscellaneous sales/ service Address: 3012 Griswold St., North Las Vegas Owner: Azucena Aviles Adela’s Cleaning Services License type: Residential property maintenance Address: Did not disclose, Las Vegas Owner: Adela Lopez Jimenez and Pedro J. Martinez Advanced Psychological Care License type: Social work, behavioral therapy business Address: 2831 St. Rose Parkway, Suite 200 (237), Henderson Owner: Advanced Psychological Care Aldona Moreno License type: Real estate sales Address: 9420 W. Sahara Ave., Suite 100, Las Vegas Owner: Aldona Moreno Allison Alterations License type: Tailoring Address: 1446 E. Charleston Blvd., Las Vegas Owner: Mayra J. Murillo-Jovel
Xue Mei Wang License type: Independent massage therapist Address: 3618 Vino Rosso Ave., Henderson Owner: Xue Mei Wang
Aluminum Products License type: Contractor Address: 3633 E. Nebraska Ave., Las Vegas Owner: Did not disclose
Yeh & Associates License type: Real estate Address: 7465 W. Lake Mead Blvd., Suite 100, Las Vegas Owner: Yeh & Associates
Alysha Mccord License type: Real estate sales Address: 6955 N. Durango Drive, Suite 1002, Las Vegas Owner: Alysha Mccord
Vegas Executive Maintenance License type: Residential property maintenance Address: Did not disclose, Las Vegas Owner: Lawrence Cartmill
Zhe Li License type: Independent massage therapist Address: 4033 W. Sahara Ave., Las Vegas Owner: Zhe Li
American Medical Response License type: Special event medical service Address: 7201 W. Post Road, Las Vegas Owner: Mercy Inc.
Vegas Market & Liquor License type: Convenience store Address: 861 N. Nellis Blvd., Suite 1, Las Vegas Owner: N. Mary Holding
Zia Inspections License type: Professional services Address: Did not disclose, Las Vegas Owner: Gilbert Baca
Andriy Isayev License type: Photography Address: Did not disclose, Las Vegas Owner: Andriy Isayev
US Gas 4 License type: Convenience store Address: 70 E. Centennial Parkway, North Las Vegas Owner: LV Petroleum Valley West Mortgage License type: Professional services Address: 9580 W. Sahara Ave., Suite 200, Las Vegas Owner: Valley West Corp.
the data Send your business-related information to news@vegasinc.com
19
VEGAS INC aug. 21-aug. 27
Records and Transactions Anyu Enterprise License type: Professional promoter Address: 10887 Fishers Island St., Las Vegas Owner: Anyu Enterprise Atlas Building Contractors License type: Contractor Address: 8275 S. Eastern Ave., Suite 119, Las Vegas Owner: Atlas Building Contractors August Lane License type: Gross revenue Address: 270 Daisy Gold Court, Henderson Owner: Melissa Bonilla Avendco License type: Coin amusement machine Address: 8410 W. Cheyenne Ave., Suite 107, Las Vegas Owner: Andre Nelms Backyard Connection License type: Contractor Address: 489 Beaconwood St., Henderson Owner: Backyard Connection Bank of England Mortgage License type: Professional services Address: 8691 W. Sahara Ave., Suite 220, Las Vegas Owner: Bank of England Black Widow Boutique License type: Gross revenue Address: 10345 S. Eastern Ave., Suite 160, Henderson Owner: Garcia, Tom Edward Bonita License type: General retail sales Address: 1440 E. Charleston Blvd., Suite B, Las Vegas Owner: Rocio J. Chavez Brix Plumbing & Heating License type: Contractor Address: 11031 Lamour Lane, Las Vegas Owner: Did not disclose Buon Gusto Ristorante License type: Gross revenue Address: 2642 W. Horizon Ridge Parkway A2, Henderson Owner: KME DBA Buon Gusto Ristorante Campus Food Service License type: Food service Address: 6375 W. Charleston Blvd., Suite C, Las Vegas Owner: Campus Food Service Car Wash Los Jarochos License type: Mobile auto detailing Address: 2224 Carroll St., North Las Vegas Owner: Luis Acosta Cardo Realty License type: Real estate Address: 851 S. Rampart Blvd.,
Suite 105, Las Vegas Owner: Joshua Thomas CBD Canna License type: Gross revenue Address: 3123 Via Da Vinci, Henderson Owner: CBD Canna Chely’s Cleaning License type: Janitorial service Address: 2506 Lava Rock Ave., North Las Vegas Owner: Graciela Acevedo Christopher Cranny License type: Real estate sales Address: 777 N. Rainbow Blvd., Suite 120, Las Vegas Owner: Christopher Cranny Commercial Expansion Group License type: Real estate Address: 1770 N. Buffalo Drive, Suite 101, Las Vegas Owner: Commercial Expansion Group Compass Investments License type: Designer-draftsman Address: 10181 Park Run Drive, Suite 200, Las Vegas Owner: Howard Bulloch and David Gaffin Control Power Refrigeration License type: Contractor Address: 6550 S. Pecos Road, Suite B-11, Las Vegas Owner: Control Power Refrigeration Core-Mark International License type: Gross revenue Address: 855 Wigwam Parkway, Henderson Owner: Core-Mark International Culichi Nails License type: Cosmetological establishment Address: 607 N. Nellis Blvd., Las Vegas Owner: Maricela Rodriguez Custom Wood Creations License type: Manufacturing, light assembly and fabrication Address: Did not disclose, Las Vegas Owner: Custom Wood Creations CVS Pharmacy License type: Drugstore Address: 8750 W. Charleston Blvd., Las Vegas Owner: Warm Springs Road CVS CVS Pharmacy License type: Drugstore Address: 3210 N. Tenaya Way, Las Vegas Owner: Warm Springs Road CVS D & M Childrens Boutique License type: Gross revenue Address: 55 S. Gibson Road, Suite 109, Henderson Owner: D & M Childrens Boutique
Destinations by Design License type: Event planning Address: 7608 W. Teco Ave., Las Vegas Owner: Destinations by Design Dudley Properties License type: Short-term residential rental Address: 8541 Bellaterra Court, Las Vegas Owner: Dudley Properties Dynamic Urgent & Family Care License type: Medical office Address: 2920 N. Green Valley Parkway, Suite 800, Henderson Owner: Dynamic Urgent Care El Nopal Mexican Grill #4 License type: Restaurant Address: 955 W. Craig Road, North Las Vegas Owner: Radiosnetwork Espiritu Salsero Dance Company License type: Dance studio Address: 2232 Mediterranean Sea Ave., North Las Vegas Owner: Apolinar Rivera Fatboy Restaurant License type: Restaurant Address: 1570 W. Horizon Ridge Parkway, Suite 160, Henderson Owner: Fatboy Restaurant Five Star Market and Liquor License type: Gaming restricted Address: 3595 E. Bonanza Road, Suite 140, Las Vegas Owner: LVstore Fizzion License type: Gross revenue Address: 7685 Commercial Way, Suite G, Henderson Owner: Kegel Fuller’s Patio Misting Systems License type: Residential property maintenance Address: 3806 Millwood Ave., Las Vegas Owner: GPF Enterprises Future Wireless License type: General retail sales Address: 7530 Westcliff Drive, Las Vegas Owner: Stella Donado GDS Enterprises License type: Type 4 Address: 1341 E. Thousandaire Blvd., Pahrump Owner: GDS Enterprises Glitz & Glam License type: General retail sales Address: 1717 S. Decatur Blvd., Suite E47A, Las Vegas Owner: Nicole Upton Go Right License type: Short-term residential rental Address: 209 S. Roland Wiley
Road, Las Vegas Owner: Myrla Baumann and Mark Baumann Grand Desert Psychiatric Service License type: Professional services Address: 2021 S. Jones Blvd., Las Vegas Owner: Dr. Matthew Okeke Green Therapeutics License type: Medical marijuana cultivation facility Address: 5975 Procyon St., Las Vegas Owner: Rutt K. Premsrirut, Joseph J. Ereneta, Amy I. Fu, Michael T. Sumiyoshi, Duke W. Fu Greenway Medical License type: Medical marijuana cultivation facility Address: 4844 Cecile Ave., Las Vegas Owner: Nicholas R. Hatalski, Corey B. Buffkin, Kenneth W. Nielsen, Edward J. Duff, Noah S. Block, Christopher A. Fresquez, Rjb-Ira Direct Invest Guardia Car Wash License type: Automobile detailing Address: 3861 St. Luke Court, Las Vegas Owner: Raul Castro Gomez H2O Backflow Service License type: Repair and maintenance Address: Did not disclose, Las Vegas Owner: John Arthur and Michael S. Arthur Habaneros Taco Grill 2 License type: Restaurant Address: 604 N. Rainbow Blvd., Las Vegas Owner: Roque and Aguilar Heal Outside The Box License type: Gross revenue Address: 29 Montelago Blvd., Suite 519, Henderson Owner: Heal Outside The Box Henderson Trainer License type: Inter-jurisdictional business Address: 1064 Valetta Flat Ave., Las Vegas Owner: Joshua Kennedy Highland Auto Sales License type: Automotive sales Address: 3131 Meade Ave., Suite C, Las Vegas Owner: Coco Igor Rosas License type: Real estate sales Address: 8400 W. Sahara Ave., Las Vegas Owner: Igor Rosas Innovativo Design License type: Designer-draftsman
Address: 4810 W. University Ave., Las Vegas Owner: Nancy Paolino and Douglas Walton Istore-One License type: General retail sales Address: 840 N. Decatur Blvd., Las Vegas Owner: Maria Ramirez Istore-One License type: General retail sales Address: 2917 W. Washington Ave., Suite 3, Las Vegas Owner: Maria Ramirez J and J Pest Control License type: Property maintenance Address: 6441 W. Crystal Dew Drive, Las Vegas Owner: J and J Pest Control Janet Bonner License type: Independent massage therapist Address: 3939 Briarcrest Court, Las Vegas Owner: Janet Bonner Jasmine Gamber License type: Independent massage therapist Address: 4760 W. Shelbourne Ave., Las Vegas Owner: Jasmine Gamber Jeanette Ochoa License type: Independent massage therapist Address: 9550 S. Eastern Ave., Suite 237, Henderson Owner: Jeanette Ochoa Jersey Mike’s Subs License type: Restaurant Address: 5595 Simmons St., North Las Vegas Owner: Imagine Restaurant Concepts JFR Consulting Group License type: Type 6 Address: 1481 W. Warm Springs Road, Suite 130, Henderson Owner: JFR Consulting Group JG Strategic Marketing License type: Business consultant Address: 1808 Camino Monte Sol, North Las Vegas Owner: Juan R. Gonzalez John C. White License type: Door-to-door solicitor Address: 1293 Corista Drive, Henderson Owner: John C. White Jose Z. License type: Residential property maintenance Address: Did not disclose, Las Vegas Owner: Jose Suarez
20
VEGAS INC aug. 21-Aug. 27
your Business-to-business news Send your business-related information to news@vegasinc.com
Records and Transactions JSRE License type: Automotive garage Address: 105 W. Wyoming Ave., Las Vegas Owner: Lane Keller Justin Pavsic License type: Real estate sales Address: 10000 W. Charleston Blvd., Suite 130, Las Vegas Owner: Justin Pavsic
Building permits $3,196,265, tenant improvement 3050 N. Tenaya Way, Las Vegas Layton Construction $2,764,626, commercial - new 1970 W. Craig Road, North Las Vegas Martin-Harris Construction $785,000, fireproof 4490 Nexus Way, North Las Vegas Aero Automatic Sprinkler $780,000, wall fence 5150 Los Prados Circle, Las Vegas Steel Partners $750,000, commercial - new 1970 W. Craig Road, North Las Vegas Martin-Harris Construction $500,000, commercial 6341 W. Lone Mountain Road, Las Vegas Akal Construction $500,000, tenant improvement 2300 E. Charleston Blvd., Las Vegas Kittrell Jensen Contractors $470,750, tenant improvement 330 S. Rampart Blvd., Las Vegas Summit Construction $332,000, tenant improvement 8850 W. Charleston Blvd., Suite 120, Las Vegas Kittrell Jensen Contractors $278,300, fireproof 4410 Nexus Way, North Las Vegas Aero Automatic Sprinkler
$198,306, single-family dwelling tract 260 Elder View Drive, Las Vegas Greystone Nevada
$168,721, single-family dwelling tract 370 Pollino Peaks St., Las Vegas Ryland Homes
$190,639, single-family dwelling tract 12020 Attiva Ave., Las Vegas William Lyon Homes
$165,241, residential - production 113 Ullapool Court, Henderson DR Horton
$190,639, single-family dwelling tract 12026 Attiva Ave., Las Vegas William Lyon Homes $180,800, restaurant-complete 110 N. Stephanie St., Henderson Khairat $177,662, residential - production 516 Wildflower Ave., Henderson Greystone Nevada $177,163, residential - model 993 Soaring Moon Drive, Henderson KB Home LV Talesera Hills $176,500, commercial 499 N. Lamb Blvd., Las Vegas Baja Construction $175,757, electrical 1800 W. Charleston Blvd., Las Vegas Ideacom $174,675, residential - new 4013 Carol Bailey Ave., North Las Vegas DR Horton $173,702, single-family dwelling tract 12137 Dorada Coast Ave., Las Vegas Toll South LV $173,702, single-family dwelling tract 12161 Dorada Coast Ave., Las Vegas Toll South LV $171,673, residential - production 2434 Amatrice St., Henderson KB Home Inspirada $170,509, residential - new 5336 Mountain Garland Lane, North Las Vegas DR Horton
$221,000, fireproof 4490 Nexus Way, North Las Vegas Aero Automatic Sprinkler
$170,509, residential - new 4012 Carol Bailey Ave., North Las Vegas DR Horton
$211,982, single-family dwelling tract 254 Elder View Drive, Las Vegas Greystone Nevada
$168,721, single-family dwelling tract 382 Capistrano Vistas St., Las Vegas Ryland Homes
$211,711, single-family dwelling tract 266 Elder View Drive, Las Vegas Greystone Nevada
$168,721, single-family dwelling tract 358 Pollino Peaks St., Las Vegas Ryland Homes
$159,308, residential - production 504 Wildflower Ave., Henderson Greystone Nevada $159,308, residential - production 500 Wildflower Ave., Henderson Greystone Nevada $156,323, single-family dwelling tract 375 Pollino Peaks St., Las Vegas Ryland Homes $156,323, single-family dwelling tract 363 Pollino Peaks St., Las Vegas Ryland Homes $154,151, residential - production 112 Ullapool Court, Henderson DR Horton $151,404, residential - new 5332 Mountain Garland Lane, North Las Vegas DR Horton $151,404, residential - new 5309 Golden Melody Lane, North Las Vegas DR Horton $151,404, residential - new 4008 Carol Bailey Ave., North Las Vegas DR Horton $150,000, single-family dwelling 2512 Driftwood Drive, Las Vegas Master Built Construction $143,568, residential - new 5313 Golden Melody Lane, North Las Vegas DR Horton $143,568, residential - new 4009 Carol Bailey Ave., North Las Vegas DR Horton $143,185, single-family dwelling tract 8455 Glowing Summer St., Las Vegas Century Communities of Nevada $140,924, single-family dwelling tract 139 Colantonio Court, Las Vegas Pulte Homes of Nevada $139,512, residential - production 512 Wildflower Ave., Henderson Greystone Nevada $139,512, residential - production
508 Wildflower Ave., Henderson Greystone Nevada $138,306, single-family dwelling tract 6692 Radiant Red Ave., Las Vegas Richmond American Homes of Nevada $138,306, single-family dwelling tract 6719 Radiant Red Ave., Las Vegas Richmond American Homes of Nevada $134,002, single-family dwelling tract 444 Vigo Port St., Las Vegas Ryland Homes $134,002, single-family dwelling tract 11838 Tres Bispos Ave., Las Vegas Ryland Homes $133,118, single-family dwelling tract 11906 Tres Bispos Ave., Las Vegas Ryland Homes $133,118, single-family dwelling tract 435 Vigo Port St., Las Vegas Ryland Homes $130,751, residential - production 3088 Porte La Paz Ave., Henderson Toll Henderson $129,199, residential - production 124 Outcrop Ridge Ave., Henderson PN II $129,039, residential - new 2504 Gala Haven Court, North Las Vegas Richmond American Homes of Nevada $126,908, single-family dwelling tract 7442 Abby View St., Las Vegas Greystone Nevada $126,908, single-family dwelling tract 7517 Old Compton St., Las Vegas Greystone Nevada $126,759, residential - production 1192 Cold Breeze Drive, Henderson PN II $125,193, single-family dwelling tract 11830 Montanesa Ave., Las Vegas Ryland Homes $125,193, single-family dwelling tract 419 Vigo Port St., Las Vegas Ryland Homes $123,091, single-family dwelling tract 11834 Spadari Court, Las Vegas
Pulte Homes of Nevada $119,834, single-family dwelling tract 467 Astillero St., Las Vegas Ryland Homes $117,338, single-family dwelling tract 5804 Glaring Green Court, Las Vegas Richmond American Homes of Nevada $117,055, residential - new 5637 Keystone Crest St., North Las Vegas Shalc Gc $116,927, single-family dwelling tract 11811 Corenzio Ave., Las Vegas Pulte Homes of Nevada $116,833, residential - production 3087 Lucentezza Ave., Henderson Toll Henderson $114,172, residential - production 434 Barcarolle Lane, Henderson Richmond American Homes of Nevada $112,841, residential - production 1148 Bobby Basin Ave., Henderson DR Horton $112,841, residential - model 997 Soaring Moon Drive, Henderson KB Home LV Talesera Hills $110,826, commercial building remodel 470 Mirror Court, Suite 104, Henderson Harsch Investment Pptys-NV $107,510, single-family dwelling tract 10632 Forum Peak Lane, Las Vegas Ryland Homes $107,490, single-family dwelling tract 6637 Radiant Red Ave., Las Vegas Richmond American Homes of Nevada $107,296, residential - production 1142 Bobby Basin Ave., Henderson DR Horton $101,751, residential - production 1140 Bobby Basin Ave., Henderson DR Horton $101,751, residential - production 1146 Bobby Basin Ave., Henderson DR Horton
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22
VEGAS INC
your Business-to-business news
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Send your business-related information to news@vegasinc.com
Steve Marcus/staff file
The List
Category: residential real estate brokerages (Ranked by total 2015 local resale volume as of july 1)
Year established
Local 2015 resale volume
Local homes sold in 2015
Local residential agents
Top local executive
Berkshire Hathaway HomeServices Nevada Properties 3185 St. Rose Parkway, Suite 100 Henderson, NV 89052 702-769-7777 • bhhsnv.com
1979
$1,686,884,689
5,947
1,037
Mark Stark, CEO
2
Coldwell Banker Premier Realty 8290 W. Sahara Ave., Suite 100 Las Vegas, NV 89117 702-871-9500 • lasvegashomes.com
1983
$759,860,665
2,868
220
Bob Hamrick, chairman and CEO
3
FJM Corp. dba ERA Brokers Consolidated 1925 Village Center Circle, Suite 150 Las Vegas, NV 89134 702-940-4500 • erabrokers.com
1989
$489,615,569
1,721
140
Fafie Moore, executive vice president of Southern Nevada
4
Keller Williams Realty The Market Place, The Brenkus Team 2230 Corporate Circle, Suite 250 Henderson, NV 89074 702-456-5959 • thebrenkusteam.com
1989
$418,482,759
1,941
263
Rick and Teri Brenkus, owners
5
Windermere Prestige Properties 1401 N. Green Valley Parkway, Suite 200 Henderson, NV 89074 702-432-4600 • windermerenevada.com
2004
$135,143,147
459
91
Robyn Yates, broker/ owner
6
Luxury Homes of Las Vegas 7854 W. Sahara Ave. Las Vegas, NV 89117 702-216-4663 • luxuryhomesoflasvegas.com
1999
$120,000,000
300
20
Kenneth Lowman, broker/owner
7
General Realty Group 6330 S. Eastern Ave., Suite 2 Las Vegas, NV 89120 702-736-4664 • generalrealtygroup.com
1992
$64,000,000
475
121
Jay Dana, corporate broker
Firm
1
Source: VEGAS INC research. It is not the intent of this list to endorse the participants or to imply that the listing of a company indicates its quality. Visit vegasinc.com for more. Although every attempt is made to ensure the accuracy and thoroughness of VEGAS INC charts, omissions sometimes occur and some businesses do not respond. Please send corrections or additions on company letterhead to Clayt Keefer, research associate, VEGAS INC, 2275 Corporate Circle, Third floor, Henderson, NV 89074.
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