vegasinc.com | November 13 - november 19, 2016
In October 2011, President Barack Obama spoke in Las Vegas during a trip to announce new rules to help homeowners with little or no equity in their homes to refinance their mortgages to avoid foreclosures. (associated press file)
Troubles with TARP Audit finds that mortgage-assistance program in Nevada has wasted money, not helped enough homeowners By Daniel Rothberg | STAFF WRITER
Seeking to address the housing crisis in the states most affected by unemployment, the federal government created a fund in 2010 to help homeowners pay mortgages. Nevada stood to benefit from an allocation of about $200 million as part of the Hardest Hit Fund. But six years later, half the funding has yet to be disbursed, with many homeowners ha rd est hit, Continue d on page 15
$40M
Estimated amount it will cost to update vending machines in the United Kingdom to accept the new pound coin, which will be the new standard next fall.
$3.8B
Amount Caesars Entertainment aims to raise to exit bankruptcy. The plan involves splitting Caesars’ main bankrupt unit into a casino operator and a real estate investment trust.
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VEGAS INC NOV. 13-NOV. 19
CONTENTS GROUP PUBLISHER Gordon Prouty ASSOCIATE PUBLISHER Breen Nolan
NOTEWORTHY STORIES
47 48 56 Q&A WITH DAN STEWART
The vice president of development at the Gardner Co. talks about the potential of the Harry Reid Research and Technology Park to reshape the education landscape at UNLV and shares the bittersweet experience of providing aid to the people of Haiti. THE NOTES People on the Move, P46
MEET OTHER MAMA
Chef Daniel Krohmer had a chance to travel the world cooking for the likes of Jay Z and Taylor Swift. But when it was time to settle down and open his own restaurant, Krohmer embraced the Las Vegas community. TALKING POINTS After the election: Keep calm and carry on, P49
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, P55 The List: Banks and thrifts, P60
OUR TAKE: VALLEY’S WARY HOUSING MARKET MIRRORS NATION’S
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, Thomas Moore, Daniel Rothberg, Cy Ryan, Ricardo Torres-Cortez, Jackie Valley, Ian Whitaker COPY DESK CHIEF John Taylor GENERAL EDITOR Paul Szydelko ASSISTANT GENERAL EDITOR Adam Candee COPY EDITOR Jamie Gentner 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, Danielle Stone, Alex Teel GREENSPUN MEDIA GROUP SALES ASSISTANT Steph Poli
MARKETING & EVENTS
Nevada’s housing crisis grotesquely decorated the state with the stains of foreclosures, short sales, underwater mortgages and vacant properties for much of the past decade. In a perverse way, these woes set Nevada apart during the national recession as worse than the worst. The Silver State’s current housing situation, though, falls right into an uneasy line with the rest of the nation. Housing supply continues to shrink not just in Southern Nevada, but throughout the country. Single-family housing stock fell locally by nearly 30 percent from one year ago while new home construction cooled. Basically, the market appears to be done shedding most of the excess inventory created by the collapse but not bringing enough supply online to meet demand that strengthened along with the recovering economy. That tale holds in Southern Nevada and matches the national housing situation. Home affordability here appears a lock to sink for the third consecutive year, reaching its lowest level since the beginning of the recession. The average sales price climbed
$30,000, and the median sales price more than $33,000 in the past two years. Home sales typically slow in the winter and pick up again as the weather warms. Yet in Southern Nevada, the current 2.8-month supply of housing inventory — down from 5.1 months two years ago — could surge in the next two months and still leave the local market short of demand. The threat of a postelection Fed interest rate hike and no clear sign of when new construction will balance out the housing market leave Nevada and the rest of the nation in the same slightly anxious place as 2016 winds down. — ADAM CANDEE
EVENT MANAGER Kristin Wilson DIGITAL MARKETING MANAGER 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 MANAGING EDITOR Ric Anderson CREATIVE DIRECTOR Erik Stein
VOLUME 3, ISSUE 43 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 For inquiries, write to: Vegas Inc 2275 Corporate Circle, Suite 300 Henderson, NV 89074 For back copies: Doris Hollifield at 702.990.8993 or e-mail at doris.hollifield@gmgvegas.com For subscriptions and customer service: Call 818.487.4538, or visit vegasinc.com. For annual subscriptions, $50. For single copies, $3.99.
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Alicia Isham is loan operations supervisor for Clark County Credit Union. She is responisham peoples sible for management of the loan operations staff and will oversee the development of best practices for loan processes. Dennae Peoples is a CCCU executive assistant. Brandon Saliba is a private client adviser and team lead for City National Bank’s Prisaliba hui vate Client Services group in Las Vegas. Kenia Hui is a business banking relationship associate in pearce guinn City’s Core Banking group in Nevada. Heather Pearce is vice president and relationship manager for its Green Valley banking office. Bernadette Guinn is vice president and private client manager for its Private Client Services team. Ethan Kent is director at Stewart Archibald & Barney. Kent is responsible for overseeing certain audit and attest engagements, and for the training of accounting professionals in performing attest and audit procedures.
Jessica Sayles, CPA and principal at Houldsworth, Russo & Co., was named Accounting Alumnus of the Year by UNLV’s Lee Business School. Award recipients are selected for personal achievements, professional success, community involvement and bringing acclaim to Lee Business School.
Devan Wyson is a Nevada State Bank wealth adviser. He will provide clients with financial planning, insurance needs and investment portfolio management.
sayles
Dr. Nirav Gandhi, Dr. Victor Muro, Dr. Guillermo Fraga and certified physician assistant gandhi muro Branden Mossman work at Optum Medical Partners’ Henderson location at 2610 fraga mossman W. Horizon Ridge Parkway. Dr. Kevin Bay and advanced practice registered nurse Linda Sue Van bay van roeyen Roeyen work at Optum’s Las Vegas location at 8526 Del Webb Blvd. Alex De Castroverde, managing partner of the De Castroverde Law Group, completed an intensive six-week course from the Stanford Latino Entrepreneur Leaders Program. De Castroverde was handselected by the Latino Business Action Network as one of the nation’s Latino entrepreneurs for this program.
kent Bank of Nevada promoted Sarah Guindy to corporate banking manager and hired Josh Osborn as vice president loan officer and Mega Rose Cruz as commercial loan officer.
Maryellen Mackenzie is branch manager of Coldwell Banker Premier Realty’s Green Valley campus.
Chief Deputy Public Defender Dan Silverstein is in charge of Clark County’s Conviction Review Unit. The unit’s primary goal is to review factual claims of innocence, often when new evidence is brought to the attention of prosecutors. It’s the first of its kind in Nevada.
Marcela Custer is assistant vice president/assistant compliance wyson officer in Meadows Bank’s Las Vegas Division. James Balfour is assistant vice president/underwriter in the Las Vegas Lending Division. Charity Sanders is a teller I in the Las Vegas Spanish Ridge Branch Division. Jacquelyn Leleu is special counsel with a focus in employment law and commercial litigation at the law firm Duane Morris. Kaela J. Joyner joined Howard & Howard Attorneys PLLC. She concentrates her practice in intellectual property with a focus on trademarks. Sandra Douglass Morgan is AT&T Nevada’s director of external affairs for Las Vegas and Southern Nevada. The Las Vegas Business Academy honored Jan Jones Blackhurst, executive vice president of government relations and corporate responsibility for Caesars Entertainment Corp., with the Griffin Award at the academy’s fifth annual fundraiser, “Square Dancing on the Strip.” Pop music icon Tony Orlando was named Casino Entertainer of the Year this evening at the fourth annual Casino Entertainment Awards. Presented by Global Gaming Expo, the Casino Entertainment Awards honor artists, executives and venues in the casino entertainment industry. Three Dog Night was named Musical Artist of the Year and Gabriel Iglesias won Comedian of the Year. Grammy Hall of Famer Brenda Lee and Tom Cantone, senior vice president of entertainment and sports at Mohegan Sun Tribal Gaming Authority, were presented with Casino Entertainment Legend awards, which recognize lifetime achievement in the casino entertainment industry. The Fox Theater at Foxwoods Resort Casino was named Showroom of the Year. Thunder Valley Amphitheatre at Thunder Valley Casino Resort won Amphitheatre of the Year. Other winners included Angela Gozzi, entertainment manager at Resorts World Casino New York City, named Casino Entertainment Executive of the Year; Billy Brill, president of Billy Alan Productions, named Independent Talent Buyer of the Year; and Seth Shomes, vice president and head of the casino division at United Talent Agency, named Casino Booking Agent of the Year.
SUCCESS.TOGETHER. THE COMMUNITY’S CHOICE FOR :
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Q&A with dan stewart
‘Together, we can make a major difference’ Dan Stewart is vice president of development at the Gardner Co., which recently was chosen by the UNLV Research Foundation to develop the Harry Reid Research and Technology Park. Construction on two buildings at the park, including a 100,000-squarefoot space for a specialty pharmacy, began last year. Gardner Co. is recruiting additional tenants to the park. The Gardner Co. recently expanded to Southern Nevada. Why was this the right time to do so? Gardner Co. is one of the largest commercial, office and retail developers in northern Utah, as well as Idaho. We have been looking to expand into other markets and the opportunity arose to respond to the UNLV Research Foundation’s request for proposals on the UNLV Harry Reid Research and Technology Park. This was GC’s chance to expand into another market and, at the same time, into an area of development for which GC has the greatest amount of expertise and experience — research parks. Describe the services the Gardner Co. offers. GC is a full-service developer. We Dan Stewart poses at the site of UNLV Research Foundation’s Harry Reid Research offer the complete package of real and Technology Park. (STEVE MARCUS/Staff) estate development, from ground Nevada and outside, view UNLV. In construction industry in a familyacquisition, design and planning, a very big way, it can and should faowned business, and was given leadconstruction, leasing and property cilitate UNLV getting to that next ership responsibilities at a young age. management, either through buildlevel that everyone involved has been I enjoyed the process of building and to-suit-retain-own model or build-toworking toward: a true research inconstructing projects. This led me to suit for an owner. stitution. GC has been successful in want to get the education necessary working with high-tech companies, to perform at the highest levels, and You were recently named the such as Adobe and eBay, in northern I subsequently received a bachelor’s vice president of development Utah. It is our desire to entice these degree from BYU in civil engineerfor the Southern Nevada office. companies to come to Southern Neing and my master’s from Stanford in To what do you owe your sucvada and locate in the Tech Park. construction management. cess? Working with UNLV and its many Once my wife, Mary, and family Hard work, persistence, fairness talented people in a wide range of and I returned to Southern Nevada, I and honesty, the education I received, schools, we are certain that together, worked my way up through the ranks and simply living in Southern Nevada we can make a major difference in at the family-owned construction my entire life and working in the conour community. business, all the while having a desire struction, real estate, engineering and to eventually morph into the developdevelopment industries. What other development projment business. Because of this, I have met a lot of ects are you working on here? The entire process of bringing projgreat people. Also, I owe what limited I have been working on the remeects to fruition fascinates me, and I success I have achieved to luck but diation and reclamation of the Three love the challenge. most of all, to my dad, who set a great Kids Mine in Henderson. It’s important to never feel like or example for me. He taught me to work think you are the smartest guy in the at a young age and gave me my initial Why are environmentally friendroom. I am always open to learning, opportunities to grow, mature and dely developments a priority for growing and doing better at whatever velop into a leader. your business? I am involved in. Obviously, with the type of tenants You have experience that inand high-tech industry GC is trying What is the Harry Reid Research cludes construction, real estate to bring to the Park, it is essential we and Technology Park, and what and entrepreneurship. What develop in the most environmentally are your plans for it? drew your interest to these infriendly way possible. High-tech and The UNLV Tech Park has the podustries and how did you end up eco-friendly designed-built-managed tential to change the way people where you are today? projects simply go hand-in-hand. of influence, both inside Southern I began working in the heavy, civil-
What has been your most exciting professional project? There are two. The first was a longterm one. It was my work at LandWell in the foundational environmental work we did to facilitate the eventual remediation and reclamation of some 2,500 acres of environmentally challenged property. We were involved in some state-of-the-art insurance vehicles that allowed the eventual cleanup of the property and its development into a premier master-planned community. Since I’m nearly a 40-year resident of Henderson, it was satisfying to be involved in a project that had such a major impact on the community. The other short-term project was being involved in Haiti, trying to build affordable housing for the tens of thousands of people who were displaced by the earthquake. We had a great concept of erecting pre-manufactured steel homes from China. I spent many weeks in Haiti constructing a prototype, but the political and governmental climate did not allow us to pursue this venture in any meaningful, large-scale way. Although we were not allowed to see this project to fruition, I was blessed to have had the opportunity to at least try to help some very disadvantaged people. Where do you see yourself and your company in 10 years? I see GC being a major player in the development business/industry in Southern Nevada, providing opportunities for employment and building creative, sustainable and innovative buildings, projects and communities. What is something that people might not know about you? I am working on recertifying for my pilot’s license. Whom do you admire? My dad, because of his intelligence, ambition, work ethic, drive and toughness, and that he was respected by everyone that either worked for him or with him. And Winston Churchill, because of his leadership capabilities.
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nov. 13-Nov. 19
Send your business-related information to news@vegasinc.com
by the numbers
23.13%
Share of people who use Internet Explorer, according to October data from netmarketshare.com. That’s down from 43.82 percent in January. Meanwhile, use of Google’s Chrome browser increased 20 percentage points, to 54.99 percent.
48
Number of routes the U.S. government will designate for coast-to-coast electric vehicle travel. The plan will cover 25,000 miles, and charging stations will be located about every 50 miles.
2.8 million
Number of top-loading washing machines Samsung is recalling due to safety concerns. The U.S. Consumer Product Safety Commission says there have been 730 reports of machines malfunctioning and nine injuries. The recall includes 34 models sold since 2011.
$5.3 million
Amount Union Square Ventures has invested in Nurx, a startup that delivers birth control pills. The idea is to have a platform where someone can get prescription drugs after they run out, but before they can fill a new prescription. Along with birth control, Nurx also offers PrEP, an anti-HIV medication.
669
Episodes of “The Simpsons” that will have been made after its 30th season is finished. It would break the record held by “Gunsmoke” for most episodes aired for a scripted television show (635).
73
Number of consecutive months the U.S. has seen job growth, with 10.9 million jobs having been generated since President Barack Obama took office. The health care industry has seen the largest increase, gaining 2.9 million jobs. State and local governments have seen the largest decrease, losing around 361,000 jobs.
Daniel Krohmer, owner of Other Mama, did his culinary training in northern California and says he focuses on simple food with quality ingredients. (mikayla whitmore/staff)
Chef to the stars settles into community What inspired you to open Other Mama?
I wanted to have a place where I could have the freedom to express myself, work with like-minded people, and get to know the people in the Vegas community.
Other Mama
plumber, electrician, maintenance guy and chef all at once. It was amazing to experience almost every city in the U.S. and Canada. After a while, though, you miss being in one place and being part of a community. I found myself out in space, and I knew I wanted to re-establish myself with a strong chef community.
Address: 3655 S. Durango Drive, Suite 6, Las Vegas Phone: 702-463-8382 Website: othermamalv.com Hours of operation: 5-11 p.m. daily Owned/operated by: Daniel Krohmer In business since: March 2015
What’s the significance of the name?
My great grandmother helped raise my father, so she was known as “other mama.” I wanted to have something that was personal and also culturally neutral. I also take a lot of pride in people coming here to eat, and I think of it as people coming into our home. Maternal care doesn’t always come from the one who gave birth to you, but the one who looks after you and cares for your well-being. Your business opened nearly two years ago. How are Las Vegans reacting to the restaurant?
The Las Vegas community has been extremely supportive. I have only been in Vegas for three years, and I didn’t realize the need for “neighborhood” restaurants was so great. People come up to me all the time and say, “Thank you so much for opening up close to my house.” Prior to Other Mama, you worked with a catering company to serve musicians, such as Jay Z, Taylor Swift and Metallica. How was this experience, and what’s it like traveling as a chef?
It was a great experience. I was burned out with the daily grind of being in a restaurant, and I needed to stay in the culinary field but see it from a different angle. It was a tough job. We started at 5 a.m. and didn’t usually finish until 11 p.m. It was a lot of manual labor; I was the
After being involved in the food industry for several years, why did you think it was the right time to open a restaurant? Was it always a goal of yours?
The ownership is not what led me to opening a restaurant; it was the fact that I got to a place where I couldn’t handle making other people’s food and breaking my back for other people’s goals. I’m honored that I can provide jobs for passionate people and sacrifice myself for goals that I believe in. I knew I had to pull the trigger on this or it was time to find a new profession. With so many restaurants in Las Vegas, what makes Other Mama unique?
We are able to communicate with our customers directly and adapt to their needs. So many restaurants here are second locations of popular places in other cities. We are truly part of this community. Do you plan on expanding Other Mama in Las Vegas or other cities?
I want to expand my reach in the city. I don’t plan on opening another Other Mama, but we do have a lot of ideas in the works. I never want to expand more than we can keep our level of quality.
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On Jackie Valley’s lasvegassun.com story “Monorail extension to Mandalay Bay moves closer to approval”: The rail from Mandalay Bay to the stadium should be covered by Sheldon Adelson since it will benefit his hotels. — Vegas89108 On Thomas Moore’s vegasinc. com story “Sands reaches ‘critical mass’ in Macau, Adelson says”: Too many casinos and not enough customers. Critical mass also means if the Chinese government does not allow more gamblers to go to Macau and Cotai, the casinos will go. — manny6168 On Thomas Moore’s lasvegassun. com story “Revamped Klondike reminiscent of earliest era of locals casinos”: From the food, service and games, everything the new owners have done with the place is top notch. — lvlocal On Chris Kudialis’ lasvegassun.com story “If Question 2 passes, marijuana customers could increase by ‘three or four times’ ”: I’m tired of reading about Mexican cartels coming across the border to sell their drugs. I hope the state doesn’t drag it out like it did with medical marijuana. — itsumo
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VEGAS INC nov. 13-Nov. 19
After the election: Keep calm and carry on
O
guest column: transportation, fuel and shipping. ne of the most publicized Terry Shirey With so many balls in the air, it’s hard and controversial election to know where to focus your attention. cycles our country has ever As a bank, we continuously monitor the experienced has concluded. business and consumer sentiment in the With the 21st-century world of social Election 2016: community. In the 2016 Nevada State media, real-time Twitterverse and The Results Bank Small Business Survey, nearly 72 24-hour news cycle, it’s been hard to percent of business owners and executives process all the political information (and On Nov. 17, Nevada State surveyed said their CPA or accountant was misinformation) we received this year. So Bank is hosting a lecture important to their business, 50.6 percent what now? Regardless of the outcome, as for clients and community said their banker was important and more a business owner or executive, you should leaders. Economist Jeremy than 44 percent said their attorney was have a financial plan on how to assimilate Aguero of Applied Analysis important. Set up a meeting with these key the political changes and prepare for will share his insights foladvisers as soon as possible to assess the legislation that could affect your industry. lowing the election, as well potential impact of the elections on your On the national financial front, Wall as economic indicators and company. Street typically reacts with some shortwhere businesspeople should For example, if the Fed does raise term volatility to any new administration, focus their attention. interest rates, you and your banker but as unique as this election cycle has should discuss the effect this will have on your interestbeen, no one can predict President-elect Donald Trump’s bearing accounts, adjustable-rate loans and other financial long-term impact on the stock market. In addition, many arrangements. Your financial adviser can help you experts predict a small increase in interest rates, leading to understand and react to short- and long-term fluctuations a ripple effect on all areas of finance and banking. in the stock market, and your CPA can advise you on Here in Nevada, the 2017 Legislature will discuss the new potential changes to the tax code. These advisers can help state budget, education savings accounts, business taxation you design a roadmap for your business. and more. The outcome of the five ballot questions also Terry Shirey is president and chief operating officer of could affect your bottom line. The Fuel Revenue Indexing Nevada State Bank. (Clark County Question 5) passed, affecting expenses for
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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How Trump reveals a hole in Nevada’s property tax law By daniel rothberg Staff Writer
The Trump International Hotel, completed in 2008, opened its doors during the first wave of the economic meltdown. At the epicenter of the real estate bubble, Nevada was hit especially hard. Property values tumbled, and Trump International’s high-end condos were difficult to sell. Nevada officials responded, and two years later, the State Board of Equalization slashed the hotel-condo’s value by 95 percent of what the county assessor said it was worth. The Signature at MGM Grand, a three-tower condominium project, got a similar reduction, as did other large commercial properties like the Palms and the Las Vegas Hilton (now called the Westgate). The portion of Trump International not leased out as condos — the lobby, its base structure — went from a valuation of about $180 million to about $8.5 million, county tax records show. Though Trump pays other taxes on the project, the tax on the land dropped from about $757,000 in 2009 to $6,927 in 2010. The reduction by the board of equalization, coupled with advantageous language in Nevada’s statutes, have allowed Trump International and many other large commercial properties to keep their taxes low even as their property values bounced back from the recession. Trump’s tower provides a clear illustration: In 2013, it was valued around $48 million but paid $7,834. Through Donald Trump’s campaign for president, opponents and media outlets have scrutinized his personal and business dealings. After a New York Times report, Trump acknowledged and even boasted about not having paid federal income taxes for years. And in late October, a story in the Huffington Post
Fiscal year Real property value* Real property taxes 2009-10 2010-11
$90,487,060
$757,306
$672,874
$6,927
2012-13
$49,718,763
$7,834
2013-14
$44,925,260
$8,163
2014-15
$45,000,000
$8,408
2015-16
$21,956,866
$8,677
Sources: County Assessor’s Office, County Treasurer’s Office and State Department of Taxation (*In lieu of assessor data, the property value for 2014-15 is estimated using taxation department documents). “Real property” is the land and improvements.
Property
Percent change between county assessor valuation and reduction
Trump International
95%
MGM Signature Tower A
94%
MGM Signature Tower B
92%
MGM Signature Tower C
92%
Palms
85%
Hilton (now Westgate)
85%
Flamingo
58%
Harrah’s
46%
Rio
44%
Tropicana
39%
Caesars Palace
31%
Paris Las Vegas
22%
Source: Department of Taxation (depending on the building type, reductions were made after considering obsolescence, market factors and how large properties are bought and sold).
cited the Nevada project as an example of how Trump has nickel-and-dimed local governments. While he benefited from Nevada’s tax code legally, Trump’s tax bill offers a window into an issue Clark County has faced for several years. Because Nevada caps tax increases,
the real property tax that the Trump tower pays on its base structure has stayed around $8,000 for several years, even as the property value has increased. Trump’s taxes are tied to the low valuation from 2010, which set the base standard for his taxes. As a result, the cap has saved Trump about $1.9 million in property taxes since 2010. And Trump International is not alone. It’s a timely example of the thousands of residential and commercial properties throughout the valley that have benefited from the caps. During the last fiscal year, government agencies missed out on about $403 million in funding for services because of the cap, which fluctuates on a formula. So it could hit the county harder this year, as it will lock tax increases at 0.2 percent, meaning commercial and residential property owners will see virtually no increase in their taxes. “The caps throughout the valley have had a large effect on local government’s ability to provide services, because we’ve not seen revenues keeping up with the growth,” said Erik Pappa, a spokesman for Clark County. “At a time when we need more police officers, it would be really nice to have that revenue back. At a time when I think most people in the community believe
the education system is not appropriately funded, it would be nice to have that revenue back.” Trump’s property and others do pay additional taxes to the county. Last year, the tower’s management paid $39,401 in personal property taxes, according to county records, as well as $958,513 in taxes on 475 condos that the building had yet to rent. An analysis shows that these charges brought its full bill to the county to about $1 million, despite the low tax on its land. In 2010, the state tax board granted a number of buildings on and off the Strip reductions on the property values determined by the county assessor, ranging from 22 to 92 percent breaks. These reductions, which apply both to real property value and personal property like furniture, continued in other years and often left a legacy of taxes capped indefinitely at the low values. Some properties, including Trump International, have applied for reductions in their appraisals, though it wouldn’t affect their taxes in the short term. Last year, the Clark County Assessor recommended that the hotel portion of the property be valued at around $45 million, but the state tax board determined that the value should be $25 million. Because of the cap, it didn’t affect the taxes on the land, which remained near $8,500. Property owners are worried about long-term taxes if the cap changes. Trump’s application last year was a preemptive move. With the strain that the tax cap has placed on the county, legislators are likely to make reforms to it during the next session in 2017. That could make taxes more commensurate with property value, and President Trump’s business peers want to be ready.
Zillow: Loan-approval rates still show disparity among races By adam candee Staff Writer
Black and Hispanic mortgage applicants are significantly more likely to be denied for a loan than white and Asian borrowers, according to recently released federal data. An analysis by Zillow of information from the Home Mortgage Disclosure Act (HMDA) shows that those numbers adjust slightly in Las Vegas, however, where Asian applicants face
rejection at a slightly higher rate than Hispanic borrowers. Overall, 12.8 percent of conventional mortgage applications were denied in 2015 in the Las Vegas metro area. Black applicants in Southern Nevada saw their requests rejected 17.3 percent of the time, the highest rate of any racial subgroup in the analysis. That number fell to 15.6 percent for local Asian applicants and 13.3 percent of Hispanic mortgage-seekers.
For white borrowers, 10.3 percent of applications were rejected. “Even though conditions have improved over the past few years, getting approved for a mortgage is still a significant barrier for some would-be buyers,” Zillow chief economist Svenja Gudell said. “Owning a home is an important way for the middle class to build personal wealth. It’s encouraging to see more black and Hispanic borrowers getting approved for mort-
gages, but there’s still a lot of progress that needs to be made.” Overall in the country, 22.4 percent of black applicants were denied conventional loans last year. In 2010, 30.5 percent of black applicants were turned down. Among Hispanic applicants, 17.3 percent were rejected, down from 25 percent in 2010. For all conventional loan applications, 10.4 percent were denied in 2015, a drop from 14.2 percent five years earlier.
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VEGAS INC nov. 13-Nov. 19
Field trials for skill-based games are only months away By thomas moore Staff Writer
Nevada will soon begin testing skill-based games in casinos, one of state’s main gaming regulators said. Manufacturer GameCo boasts that its products are the first skill-based games to be approved by any gaming regulator in the United States and are now operating in Atlantic City casinos. And field testing could begin soon on similar games in Nevada, said A.G. Burnett, chairman of the Nevada Gaming Board. “If I could guess, I would say in a couple of months we could see something on a field trial,” Burnett said. “Maybe sooner. But it depends. I’ve been in communication with our lab guys and dialoguing with the inGameCo Inc.’s skill-based “Danger Arena” is in Caesars Atlantic City properties, dependent test labs in terms with with 21 machines operating. (courtesy) where they’re at. They are in the “It’s really about what map you’re can’t beat,” he said. “So in this game, system, but we all are aggressive and playing,” Graboyes said. there are more than 10,000 maps. want to get to field trials as soon as Burnett wouldn’t say if the board And the only random element to the possible.” is looking at first-person shooters or game is which map you’re playing in “Danger Arena” is the first title even what companies would be the each game session.” GameCo has on its machines in Atfirst to start field testing in Nevada. Maps are video game jargon for lantic City. It’s a first-person shoot“I can’t comment on whose game it the environments where the action ing game where the player fights rois or what it is, but we do have several of the game takes place. For people bots. If the player kills six robots, he things we’re looking at,” he said. playing “Danger Arena,” the equivawins half his money back. But in one sense, it doesn’t matlent of a bad blackjack hand would be The CEO of GameCo, Blaine ter what game is the first to clear finding yourself in an unfamiliar or Graboyes, compared the game to Nevada’s approval process. Because particularly hard map. blackjack. even if it were a GameCo product, it So when it comes to what’s more “Even the best blackjack player wouldn’t be the first casino game in important between skill and luck, sometimes gets a hand that they
the world to incorporate skill. “We have had stuff out for few years,” Burnett said, “although it’s not pure skill like the new stuff.” Specifically, Burnett was talking about “Pong,” a game Bally Technology introduced in 2007. Originally, “Pong” was one of the first video games consumers could buy and play in their homes. Bally Technologies incorporated a version of the game as a bonus round in a traditional slot machine it began selling seven years ago (Bally Technologies was purchased by Scientific Games in 2014). “There were some others that had what you would call bonus features with skill,” Burnett said. “IGT did one. I think Aristocrat and Shuffle did, too. I think I’d make a mistake to try to accurately say who had what. But it’s safe to say that skill has been in Nevada games for nearly 10 years but only as a bonus feature. Now ... it can be the main game.” “We do actually have a new skillbased game we will be launching in December or January based on the classic game arcade game ‘Space Invaders,’ ” Scientific Games spokeswoman Laura Olson-Reyes said. But once again, Nevada gamblers will have to wait. “We expect to launch it in another jurisdiction initially,” she said.
Dealers advised to look out for smartwatches with cameras By thomas moore Staff Writer
Decades before Apple sold watches and before kids in the ’70s wore Casio calculators on their wrists, comic strip detective Dick Tracy used a precursor of the smartwatch to fight crime. Today, however, officials at Strip casinos are concerned that smartwatches will be used to cheat at table games. A note in a Harrah’s Las Vegas October employee newsletter reminded casino workers that smartwatches with cameras are forbidden. “If you see a guest with a watch and it has a camera, please make sure you explain to them in a nice way that we do not allow them,” the note advised. “It’s not that easy to tell if it has a camera, but you can see the lens on the rim of the watch.” Many smartwatches, though, do not have cameras.
Samsung is the specific brand Caesars Entertainment mentioned in a public comment about the issue. “If we become aware players are wearing one, we will ask them to remove a smartwatch with a built-in camera (Samsung Gear 2) because the camera can be used inappropriately in the context of a table card game,” a Caesars spokesperson said. Apple watches do not have cameras and neither do any Fitbit models. Lesser-known brands like Huawei watches, compatible with Android phones, don’t have cameras and neither do smartwatches made by Pebble, which are compatible with both Apple and Android phones. Still, it’s easy to imagine how a wristmounted cameras could be used to cheat. With a player’s arms resting on the table, a smartwatch camera is at a good angle to potentially take pictures
of the dealer’s or other players’ cards. In addition, a person could take pictures of cards from behind the dealer and transmit them to the watch of someone playing. It would be far less obvious for that player to look at a watch than a smartphone. And in fact, the Nevada Gaming Control Board says technology has been used in exactly that way. “Not specific to smartwatches, but small cameras have been used to secretly record or view a shuffle or dealer card information to gain an advantage and/or cheat,” said Karl Bennison, chief of the Nevada Gaming Control Board’s Enforcement Division. Unlike with counting cards or similar kinds of advantage play, there is no debate about using technology to win casino games. In Nevada, it’s considered cheating and is illegal. According to Nevada
Revised Statute 465.075, the “use or possession of device, software or hardware to obtain advantage at playing game (is) prohibited.” So are smartwatches on the Gaming Control Board’s radar? “Everything’s on our radar,” Bennison said. “We put out that letter years ago on Google Glass. And like with the Google Glass, we encourage them (casinos) to take their own precautions and monitor the technology and implement their own policies.” Google Glass was a Google initiative to create pair of glasses with a builtin camera and a display. The glasses were made but never became a fullfledged consumer hit. “It’s one thing to be worried about the potential and it’s another for it to be implemented and know it’s being used,” Bennison said. “We’re not aware of anything involving smartwatches.”
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VEGAS INC nov. 13-Nov. 19
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Cameras and trackers: SEMA showcases tech products By daniel rothberg Staff Writer
If the car industry is veering toward autonomous vehicles, Kia wants to be there. At the Specialty Equipment Market Association’s annual trade show this month in Las Vegas, the South Korean manufacturer unveiled a concept car with no steering wheel and rear-facing front seats. There are passengers but no drivers, and the car modeled after a Kia Soul includes a television and tablets. Many manufacturers, from newcomers like Tesla to legacy companies like Ford, are in the process of bringing autonomous vehicles to market. In September, President Barack Models Tierra Benton, left, and Dani Reeves flank a light bar display at the NSV Obama endorsed the concept, and his booth during the Specialty Equipment Market Association trade show at the Las administration released guidelines to Vegas Convention Center. The light bar is a direct bolt-in for Toyota’s Land Cruiser lessen regulatory red tape. and Tundra models. (steve marcus/Staff) Despite Kia’s unveil and the trend that record trips and black boxes that toward autonomy, much of the techboxes will eventually be required for collect vehicle data. nology featured on the exhibit floor driverless cars. was more basic in its scope. Because SEMA caters to aftermarket buyers, Redtail Telematics Thinkware many of the products on the floor Since 2010, this company has manThis South Korean company prohave already come to market: produfactured products — small boxes — duces dash cams, an increasingly ucts that can assist with driving the that track location and speed data. Its popular tool that lets drivers record nonautonomous vehicles on the road trackers allow insurance companies their trips. They have become espetoday. Exhibit halls featured tires and and businesses to monitor fleets of cially popular with the advent of Uber sound systems, repair shop equipschool buses or taxis. Last year, the and Lyft, where drivers might want ment, paint supplies, light displays company unveiled a consumer prodproof of their driving behavior and and window tints. uct that could be attached to massinteractions with passengers. Unique But the technology displayed, while market vehicles. It would allow parto Thinkware’s products are the extra not serving an autonomous purpose, ents, for instance, to track their child’s layers they offer beyond video recordoften had the same goal: to make the progression in learning how to drive. ing. Its dash cam offers road-safety driving experience easier and safer. During the SEMA show, the comfeatures that warn of lane departures, VEGAS INC took a look at some of pany said it planned to break into the red lights and speed signs, drawing that technology, such as dash cams autonomous space, assuming black from an international database of
Las Vegas home prices continue modest dip By adam candee Staff Writer
Las Vegas home listings in October reached their lowest level since December 2015, while the median sale price continued a modest fourmonth slide, according to statistics released by the Greater Las Vegas Association of Realtors. A total of 3,347 single-family homes were listed for sale during the month, a 5.6 percent drop from the same month last year and the smallest amount of added listings since just 2,291 homes came onto the market in December. The market for new-home construction also appears to be slowing. The report said “a low number of first-time buyer purchases and a looming demographic shift also seem to be curbing the desire to start new single-family construction projects. As older Americans retire and downsize, single-family listings are expected to rise.”
“Our housing supply has been very tight for many months now, and I don’t see that changing anytime soon,” GLVAR President Scott Beaudry said. The median price of $233,250 for October sales slid $1,650 from September, but still represented a 5.1-percent year-over-year increase. Home prices peaked this year in July at a median price of $237,500. “The housing market tends to slow down in the fall as kids go back to school and the weather cools off, so it’s no surprise to see local home sales and prices cool off a bit in October,” Beaudry said. Condominiums and townhomes sold at a median price of $117,550, a jump of 18.7 percent from a year ago. Southern Nevada is on pace for more existing home sales than either of the past two years, but fewer than during each of the five years before that.
road information. A spokesman for the company said it wanted to add a semi-autonomous component in the coming years, whereby the dash cam would send information to the car’s computer. Thinkware is already testing the technology in South Korea. BrandMotion At the crux of this company’s product line are cameras, and all of its cameras are geared toward making the driving experience safer. To achieve this goal, Brandmotion offers several products that allow for blind spot monitoring in SUVs and collision avoidance. Its most flashy offering is a 360-degree camera, which works by stitching together the images from four mounted cameras. The result is drivers can see an aerial view of their vehicle to ease road maneuvering. Like Thinkware, the company also offers a windshield camera with lane departure and forward collision warnings. DOD Tech Where other companies boast of safety features, DOD Tech’s pitch for its dash cam is based on security. The company says dash cams can help “capture the unexpected,” “provide incident details and evidence” and “protect your rights.” The company’s products offer the usual dash cam features — recording, speed monitoring — but advertise other features, including automatic night vision on its most recent model and high photo quality with noise and blur reduction.
State board OKs $900M in bonds for Project Neon By cy ryan Staff Writer
The state Board of Finance approved the sale of $900 million in bonds to continue work on Project Neon, and it agreed for other bonds to be issued to improve housing for low-income residents and seniors in Las Vegas. Gov. Brian Sandoval, chairman of the board, said Project Neon — a reconfiguration of the Spaghetti Bowl and widening of Interstate 15 — was on schedule or ahead of schedule. The bonds will be paid off with gasoline taxes. Transportation Director Rudy Malfabon said completion was set for July 2019. The Housing Division was approved to issue $22 million in bonds for improvements at the Baltimore Gardens and Cleveland Gardens apartments, low-incoming housing developments near downtown Las Vegas.
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hardest hit, fr om page 1
Number of homeowners admitted to the fund dropped by 94 percent from 2013 to 2015 turned away from the program. Although the fund — controlled by the nonprofit Nevada Affordable Housing Assistance Corp. (NAHAC) — approved payouts for thousands of homeowners in its first three years, assistance plunged after 2014, a trend that prompted federal and state inquiries into the fund’s management and day-to-day operations. Under new management, it is in the process of reforms. In a harsh September report detailing wasteful spending, an auditor for the Treasury Department criticized the fund for acting with “a sense of entitlement and no appreciation for the fact that it was taking funds for itself from the homeowners the program intended to help.” That audit came nearly a year after the state agency charged with overseeing NAHAC sent a letter to Treasury officials raising concerns about the fund, citing its lack of transparency, poor customer service and high turnover. The housing assistance corporation wasted $8.2 million from the Hardest Hit Fund on holiday parties, lunches, high rent and unnecessary overhead, the audit found. The audit said Treasury officials should seek reimbursement from NAHAC or the Nevada Housing Division, which contracted NAHAC to administer the funds. Federal officials have yet to act on the audit, and the state disputes its findings, saying that wasteful spending is closer to $200,000. “While Nevada homeowners continue to struggle to recover from the financial crisis, federal dollars designated to help them have been used on holiday parties, luxury office rent, employee gift cards and other wasteful expenses — even a $500 car allowance for a Mercedes-Benz,” said auditor Christy Goldsmith Romero. “At the same time, Nevada’s already-low number of homeowners admitted to the Hardest Hit Fund plummeted by 94 percent from 2013 to 2015.” drop-in assistance In addition to uncovering spending on the Mercedes-Benz allowance, Amazon gift cards and a holiday party at the Gold Coast, the September audit and other state documents reveal
alleged waste The Office of the Special Inspector General for the Troubled Asset Relief Program identified $8.2 million in wasted spending in the Hardest Hit Fund Nevada, including: n $11,000 for the CEO’s car allowance n $10,963.68 spent on employee bonuses, employee gifts, employee outings, staff lunches and other employee perks n $5,811.27 spent for holiday parties and gifts n $100,385.20 wasted on excessive rent, relocation and related costs n $184,319.21 spent on legal expenses to defend violations and alleged violations of the law n $26,395.70 to pay for forensic auditors to reconcile its books n $10,812.00 for the independent auditor to reconcile non-HHF bank accounts n $19,874.75 paid for the terminated CEO’s severance package n $10,840.18 spent on non-HHF ex-
penses identified by Treasury n $23,838.25 identified by Treasury for
unsupported and non-HHF expenses n $2,241,396 in wasted excessive administrative expenses during 2015, which exceeded the per-homeowner cost in 2013 n $7,459,626.22 in overhead
how little assistance the fund has provided to Nevada homeowners in recent years. Nevada’s Hardest Hit Fund has provided assistance by helping homeowners who are unemployed or underemployed reduce and pay their mortgages. In 2012 and 2013, NAHAC approved funding for 2,101 and 2,111 homeowners. By 2015, the approvals had dropped to 117. The audit, which found that 85 percent of the 805 homeowners who applied for support in 2015 were denied, criticized the NAHAC program for a spike in administrative costs per homeowner. In its findings, the audit reported that, “in 2015, (NAHAC) spent $20,527 in administrative costs per new homeowner admitted — nearly
15 times the $1,370 per homeowner it spent on administrative costs in the first quarter of 2013 … amounting to wasted expense of $2,241,396.” A letter that the Nevada Housing Division sent to Treasury officials in October 2015 reveals what might have accounted for the drop in payouts to distressed homeowners. That letter says NAHAC often made decisions in closed meetings and skirted Nevada’s open-meeting law, making it “impossible for the state to fulfill its role of monitoring and tracking the Hardest Hit Fund.” The letter argued that NAHAC used a complicated intake process, clashed with outside housing agencies, offered poor customer service and relied on leadership with misplaced priorities. Taking corrective action Even before the audit was published, the state and the Treasury Department had taken steps to bolster the Hardest Hit Fund, which is set to expire in 2017. In response, Treasury officials sent a memo to NAHAC asking that the nonprofit increase its payouts for assistance. It said that if such action was not taken, the Treasury Department would end its contract. In response, NAHAC’s CEO was removed, and it started conducting public meetings. “With the Treasury’s action after we asked them to intervene, several board members resigned, the bylaws of the nonprofit were changed and the state once again had a seat at the table,” said Teri Williams, a spokesperson for the Nevada Department of Business and Industry, which oversees the housing division. NAHAC’s new chief operating officer, Verise Campbell, said the organization already improved its application process and increased the financial support some homeowners receive. “We are taking the opportunity to pick every piece of that report apart and trying to figure out what happened,” said Campbell, who is exploring ways to make it easier to qualify for funds. This could be a positive sign for homeowners, said Michele Johnson, the CEO of Financial Guidance Cen-
ter, an agency that advises clients to seek support from the Hardest Hit Fund. “What I hope it means for Nevada homeowners is that if they tried to access Hardest Hit funds in the past and weren’t successful, they should try to do it again,” she said. Despite the changes, the audit recommends further action. It says the Treasury Department should remove NAHAC as the administrator of the Hardest Hit Fund and require NAHAC or the state of Nevada to pay the $8.2 million that the audit identified as wasteful and abusive spending. That fine would likely go back to the fund, a spokesman at the Treasury Department said. A dispute over responsibility Who will be held responsible for the potential $8.2 million payment and the future of NAHAC is a politically sensitive question. All parties involved are pointing fingers. Although NAHAC was created in 2003 as a nonprofit to serve the Nevada Housing Division, state officials argue that it is a standalone nonprofit organization under the ultimate oversight of the Treasury Department. But the audit argues that the line distinguishing the housing division and the nonprofit is blurrier and that both could bear some responsibility. In the coming months, the state and Treasury Department will be tasked with determining responsibility for the allegations in the audit. A spokesperson for the Treasury Department said the agency is still reviewing the audit recommendations, and the state has argued that only a fraction of the reported $8.2 million in wasteful spending is in question. “Based on the audit, we have requested the Nevada Attorney General’s office to immediately open an investigation,” wrote Bruce Breslow, the state official responsible for overseeing the Nevada Housing Division. “We have also asked the Nevada Attorney General to designate the appropriate staff and resources to work side-by-side with the U.S. Treasury and, if necessary, pursue action against those responsible for any misuses of taxpayer funds.”
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Calendar of events MONDAY, NOVEMBER 14 Hospitality in Health Care Conference Time: 7:30 a.m.-5:30 p.m. Cost: $499 in advance; $599 on-site registration Location: UNLV, Stan Fulton Building, Room 130, 4505 S. Maryland Parkway, Las Vegas Information: Call 702-895-4547 This conference will offer health care professionals insight from hospitality leaders on how to improve patients’ experiences and affect profitability and marketability.
TUESDAY, NOVEMBER 15 Top Tech Exec Awards Las Vegas 2016 Time: 6 p.m. Cost: Free Location: Smith Center for the Performing Arts, 361 Symphony Park Ave., Las Vegas Information: Call 702-990-2550 The awards will recognize the top IT executives of Southern Nevada, nominated by their peers and clients. Presented by VEGAS INC and Cox Business. Net Metering in Nevada Time: 11:30 a.m.-1 p.m. Cost: $25 for U.S. Green Building Council members; $30 for nonmembers Location: Innevation Center, 6795 S. Edmond St., Las Vegas Information: Visit usgbc.org Curt Ledford will discuss the recent court and Public Utilities Commission decisions regarding net metering in Nevada. Cocktails and Creatives Time: 6-9 p.m. Cost: Free Location: No Regrets Bar, 8349 W. Sunset Road, Suite 150, Las Vegas Information: Visit lasvegas.aiga.org Join AIGA: The Professional Association for Design members and industry professionals for a happy hour networking event.
WEDNESDAY, NOVEMBER 16 Expensify + Zenefits Time: 6:30-8:30 p.m. Cost: Free
Location: Rhumbar, Mirage, 3400 Las Vegas Blvd. South, Las Vegas Information: Visit zenefits.com Connect with members of the Zenefits and Expensify teams and local business professionals during the celebration of the companies’ newly launched partnership.
THURSDAY, NOVEMBER 17 Nevada Test Site Historical Foundation membership meeting Time: 6 p.m. Cost: $35 Location: National Atomic Testing Museum, 755 E. Flamingo Road, Las Vegas Information: Call 702-794-5151 Donald Cook, the recently retired deputy administrator for defense programs for the National Nuclear Security Administration, will speak about the role of the Nevada National Security Site in the future of the U.S. Stockpile Stewardship Program. NAIOP Commercial Real Estate Development Association November breakfast Time: 7-9:15 a.m. Cost: $25 for NAIOP members; $40 for nonmembers Location: Orleans, second-floor convention area, 4500 W. Tropicana Road, Las Vegas Information: Call 702-798-7194 Mike Ford, partner at Abbey Stubbs & Ford; Mike Majewski of Principal Spatial Economic Concepts; and Alan Schlottmann, Ph.D., professor at UNLV’s Lee Business School, will present “Land Wanted.” Nevada Population Health Conference Time: 7 a.m.-6 p.m. Cost: Free, but tickets required Location: United Healthcare Campus, 2716 N. Tenaya Way, Las Vegas Information: Call 303-295-8553 Health care professionals and community partners will learn about existing and future programs designed to improve the health of Nevadans, through the use of integrated population health management strategies. The keynote speaker will be Susan Dentzer, president of the Network for Excellence in Health Innovation.
Roadmap to Success Time: 7:30-9:30 a.m. (RSVP by Nov. 15) Cost: Free for Henderson Chamber members; $25 for nonmembers; $10 additional for walk-ins Location: Henderson Business Resource Center, Seminar Room, 112 S. Water St., Henderson Information: Call 702-565-8951 Jennifer Gaynor of Dickinson Wright will present “Nevada Property Taxes: Impending Major Changes to the Property Tax Abatement Laws and Your Appeal Rights.”
FRIDAY, NOVEMBER 18 Athena Awards Gala Time: 5:30-9 p.m. Cost: $150 general admission; $300 VIP Location: Orleans, 4500 W. Tropicana Ave., Las Vegas Information: Call 702-733-3955 This event will recognize women with exceptional leadership, business and philanthropic achievement. Proceeds will support the WCCNV Legacy Foundation, which provides scholarships for women and at-risk female, high school graduates. Community Class in Intellectual Property Law Time: 3-5 p.m. Cost: Free Location: UNLV, William S. Boyd School of Law, 4505 S. Maryland Parkway, Las Vegas Information: Visit law.unlv.edu Members of the community are invited to learn about intellectual property law from UNLV’s William S. Boyd School of Law students, under supervision of professors and lawyers.
SATURDAY, NOVEMBER 19 Green Tie Awards Time: Noon-3 p.m. Cost: $125 Location: Mirage, 3400 Las Vegas Blvd. South, Las Vegas Information: Call 702-648-6222 The Urban Chamber of Commerce honors Marie Ray Scott, CFO of M.R. Whitsett Inc.; Southwest Airlines; and Clark County Commissioner Lawrence Weekly, chairman of the board of the LVCVA.
Conventions
expected Show Location Dates attendance
Franchise Times Restaurant Finance and Development conference
Bellagio
Nov. 14-16
700
Autodesk Inc.
Venetian
Nov. 15-17
10,000
Traders Expo
Caesars Palace
Nov. 16-18
5,000
Diving Equipment and Marketing Association show
Las Vegas Convention Center
Nov. 16-19
10,000
Pro Tour Supernats
Las Vegas Convention Center
Nov. 16-19
10,000
Fabtech International
Las Vegas Convention Center
Nov. 16-18
26,000
DevLearn conference and expo
MGM Grand
Nov. 16-18
3,000
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Records and Transactions BANKRUPTCIES CHAPTER 7 Show Coordinators Inc. 9816 Gilespie St., Suite E140 Las Vegas, NV 89183 Attorney: Matthew J. Peirce at courthouseman@gmail.com Century-Invest LLC 3741 Via Corso Ave. Henderson, NV 89052 Attorney: Robert Atkinson at robert@nv-lawfirm.com
CHAPTER 11 Bartello Properties LLC 4558 W. Hacienda Ave. Las Vegas, NV 89118 Attorney: David Mincin at dmincin@mincinlaw.com Bella Sposa LLC 8601 Canyon View Drive Las Vegas, NV 89117 Attorney: Leo P. Flangas at leo@ flangaslawoffice.com
Bid Opportunities NOVEMBER 17 2:15 p.m. Clark County Public Works multiuse center Clark County, 604252 Sandy Moody-Upton at scm@ clarkcountynv.gov 2:15 p.m. Pinto campus social services elevator modernization Clark County, 604246 Sandy Moody-Upton at scm@ clarkcountynv.gov 3 p.m. HCP consultant for multiple species habitat conservation plan Clark County, 604275 Susan Tighi at slt@clarkcountynv. gov
NOVEMBER 18 2:15 p.m. Searchlight: Cottonwood Cove Road, U.S. Highway 95 to Michael Wendell Way Clark County, 604198 Tom Boldt at tboldt@clarkcountynv.gov 3 p.m. Annual requirements contract for office furniture, related products and support services Clark County, 604267 Chetan Champaneri at chetanc@ clarkcountynv.gov 3 p.m. Ratpack Crossroads artwork project Clark County, 604241 Jim Haining at jhaining@clarkcountynv.gov
2:15 p.m. Southwest Regional Sports Park Clark County, 604257 Sandy Moody-Upton at scm@ clarkcountynv.gov
Service Management Systems License type: Property maintenance Address: 2300 Paseo Verde Parkway, Henderson Owner: Service Management Systems
2:15 p.m. Moapa Town Roads II - Henrie Road Clark County, 604263 Tom Boldt at tboldt@clarkcountynv.gov
Shocking Savings License type: General retail sales Address: 1717 S. Decatur Blvd., Suite F57, Las Vegas Owner: Mandie Palmer
3 p.m. Various current production model vehicles Clark County, 604272 Sandra Mendoza at sda@clarkcountynv.gov
Show-6 License type: General retail sales Address: Did not disclose Owner: Matthew P. Sorensen
NOVEMBER 22
Brokered transactions Lease $189,780 for 3,163 square feet, retail 4760 W. Sahara Ave., Suite 20-21, Las Vegas 89102 Landlord: Sahara 3D LLC Landlord agent: Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank Tenant: Gems of the Sea LLC dba Playa Papagayos Restaurant Tenant agent: N/A $134,268 for 1,686 square feet, retail 5431 S. Rainbow Blvd., Suite C-1, Las Vegas 89118 Landlord: Levian Flamrain Las Vegas LLC and Ravan Flamrain Las Vegas LLC Landlord agent: Nelson Tressler and Michael Zobrist of Newmark Grubb Knight Frank Tenant: Empire Comics & Games LLC dba Empire Comics & Games Tenant agent: N/A $56,760 for 982 square feet, office 1700 Horizon Ridge Parkway, Suite 202, Henderson 89012 Landlord: Corley LLC Landlord agent: Soozi Jones Walker, CCIM, SIOR, and Bobbi Miracle, CCIM, SIOR, of Commercial Executives Real Estate Services Tenant: JDL Property Management Tenant agent: N/A
BUSINESS LICENSES SCA Design License type: Architectural firm Address: 710 Coronado Center Drive, Suite 110, Henderson Owner: SCA Design Scheib Biological License type: Marketing and consulting Address: 2625 Chateau Clermont St., Henderson Owner: Scheib Biological
Siliang Zheng License type: Real estate sales Address: 1820 E. Sahara Ave., Suite 101, Las Vegas Owner: Siliang Zheng South Bay Athletic License type: Temporary merchant Address: 9902 W. Gowan Road, Las Vegas Owner: Ben Pasco Spectrum Services License type: Professional services Address: 4850 W. Oquendo Road, Las Vegas Owner: Christopher and Katie Wener Stapleton Mechanical License type: Contractor Address: Did not disclose Owner: Did not disclose Summerland License type: General retail sales Address: 1717 S. Decatur Blvd., Suite F03, Las Vegas Owner: Eric Hershkowitz Superior Hospice of Las Vegas, License type: Medical office Address: 3033 W. Horizon Ridge Parkway, Suite 100, Henderson Owner: Superior Hospice of Las Vegas Tabula Rasa Management License type: Automated teller operator Address: 1451 W. Owens Ave., Las Vegas Owner: Joseph Weiss Take a Hike Vegas License type: Travel and ticket agency Address: Did not disclose Owner: David J. Bonilla TCS License type: Contractor Address: 4095 Ponderosa Way, Las Vegas Owner: Did not disclose Texas Treasures Unlimited License type: General retail sales Address: 1717 S. Decatur Blvd., Suites 58 and 59, Las Vegas
Owner: Gladys Robinson and Troy Gleaves The Right Guys HVAC & Plumbing License type: Contractor Address: Did not disclose Owner: Apex Restoration The Vegas Iceman License type: Artist Address: 4560 Arville St., Suite C-32, Las Vegas Owner: The Vegas Iceman The W.W.Williams Co. License type: Gross sales/revenue Address: 2680 Losee Road, North Las Vegas Owner: The W.W.Williams Co. Tiberti Fence Co. License type: Contractor Address: 4975 Rogers St., Las Vegas Owner: Did not disclose Toe Tal Family Footcare Associates License type: Professional services - medical Address: Did not disclose Owner: Mark S. Miller Transactions Co. License type: Business support Address: Did not disclose Owner: ADA Ventures True Power M & M License type: Contractor Address: 4029 Sweet Surrender Court, North Las Vegas Owner: True Power Electric Up License type: E-commerce Address: 763 Lanni Court, Henderson Owner: Up Vaeh Fashions License type: General retail sales Address: 1717 S. Decatur Blvd., Suite F11, Las Vegas Owner: Roderick Lee Valley Imaging Network License type: Clinic or laboratory Address: 626 S. Third St., Las Vegas Owner: Avetik Harutunian Viva Las Arepas License type: Restaurant Address: 1134 S. Rainbow Blvd., Las Vegas Owner: Viva Las Arepas Western Sign & Engraving License type: General retail sales Address: 3950 N. Blagg Road, Suite 9694, Las Vegas Owner: Ronald Gramm Western Union Financial Services License type: Wire service Address: 4850 W. Craig Road, Las Vegas Owner: Rajesh K. Agrawal and David Thompson
Window Genie License type: Residential property maintenance Address: 28 Spur Cross Circle, Las Vegas Owner: Bsteg Services Wingtime License type: Gross sales/revenue Address: 6572 N. Decatur Blvd., North Las Vegas Owner: Sauced N Tossed WirelessLV License type: Automated reller operator Address: 823 E. Ogden Ave., Las Vegas Owner: WirelessLV Zachary Rainey License type: Real estate sales Address: 10000 W. Charleston Blvd., Suite 130, Las Vegas Owner: Zachary J. Rainey A Little Bit of Aloha License type: Clothing and accessories kiosk Address: 1300 W. Sunset Road, Henderson Owner: James and Janette Peggy Maze Accurate Handyman Services License type: Residential property maintenance Address: Did not disclose Owner: Scott Bayer Affordable Care Services License type: Residential home care provider Address: Did not disclose Owner: Chris Mirando and Frank Carbone Jr. Alfy Construction License type: Contractor Address: 3871 S. Valley View Blvd., Suite 27, Las Vegas Owner: Alfy Group All Stone Finished and Care Co. License type: Residential property maintenance Address: Did not disclose Owner: Isela Hawley-Martinez and Hugo Nevarez-Munoz Allstate Registrations License type: Business support Address: Did not disclose Owner: Shair West Altereco Painting License type: Contractor Address: 4705 Gonzales Drive, Las Vegas Owner: David J. Darienzo Alvizo Shoe Store License type: General retail sales Address: 1203 E. Charleston Blvd., Suite 160, Las Vegas Owner: Carlos Alvizo Angel Mobile Mechanic
19
VEGAS INC
the data
nov. 13-Nov. 19
Send your business-related information to news@vegasinc.com
Records and Transactions License type: Automotive garage/ service station (minor) Address: 3065 N. Rancho Drive, Suite 180, Las Vegas Owner: Angel L. Baez Rivera Aquasitions License type: General retail sales Address: 1717 S. Decatur Blvd., Suite A12, Las Vegas Owner: Aquasitions Arowana Senior Resources License type: Management or consulting service Address: Did not disclose Owner: Malama Ohana Group Ash Home Inspections License type: Professional services Address: Did not disclose Owner: Ralph Pane Asset Protection of America License type: Professional services Address: 3425 Cliff Shadows Parkway, Suite 130, Las Vegas Owner: APA Avallone, Heidi License type: Independent massage therapist Address: 2641 Windmill Parkway, Henderson Owner: Heidi Avallone Aztech Materials Testing License type: Interjurisdictional business Address: 4700 N.E. Copper Sage St., Suite B, Las Vegas Owner: Aztech Materials Testing Bayside Watch License type: General retail sales Address: 4300 Meadows Lane, Suite 2060, Las Vegas Owner: SMQ Bergman Walls & Associates License type: Professional services Address: 709 Valle Verde Court, Las Vegas Owner: Bergman Walls & Associates Ltd. - Architects Blad Wright License type: Handbill and oral solicitation Address: Did not disclose Owner: Blad Wright
Address: 200 Crossing Blvd., Las Vegas Owner: Patricia A. Mamchur Bryan Montoya License type: Real estate sales Address: 9420 W. Sahara Ave., Suite 100, Las Vegas Owner: Bryan G. Montoya Burly License type: Interjurisdictional business Address: 8174 Las Vegas Blvd. South, Suite 109-171, Las Vegas Owner: Burly Camille Fagan License type: Real estate sales Address: 10100 W. Charleston Blvd., Suite 160, Las Vegas Owner: Camille A. Fagan Care License type: Nonprofit community services Address: 3230 S. Buffalo Drive, Suite 107, Las Vegas Owner: Consumer Assistance & Resource Carol Laferriere PC License type: Real estate sales Address: 10100 W. Charleston Blvd., Suite 160, Las Vegas Owner: Carol Laferriere Carol’s Comfort Care License type: Pet care Address: 3179 Castle Canyon Ave., Henderson Owner: Carol Morin Carrara Group License type: Management or consulting service Address: 2500 W. Sahara Ave., Suite 211, Las Vegas Owner: Carl L. Finseth II and Debra Ozawa Century 16 Santa Fe Station License type: Beer and wine room Address: 4949 N. Rancho Drive, Las Vegas Owner: Century Theatres Century Lawn Maintenance License type: Residential property maintenance Address: Did not disclose Owner: Albino Hidalgo-Jeronimo
Bravo Insurance License type: Insurance agency or adjusting firm Address: 4013 E. Sunset Road, Henderson Owner: Bravo Management
Christian Terry License type: Real estate sales Address: 1333 N. Buffalo Drive, Suite 120, Las Vegas Owner: Terry Holdings
Brooks Consulting License type: Management or consulting service Address: Did not disclose Owner: Christopher Brooks
Cloudy’s World License type: Yoga Studio Address: 2721 Coventry Green Ave., Henderson Owner: Cloudy’s World
Brother International Corp. License type: Public utility telephone
Clowning Around Photo-Booth License type: General services (counter/office)
Address: Did not disclose Owner: George Neddo Combatfma License type: Martial arts studio Address: 173 Ruby Ridge Ave., Henderson Owner: Ariel Mosses and Velda Abeyta Da Pineapple Express License type: Food services or cafe Address: 2025 E. Sahara Ave., Las Vegas Owner: Big Braddah’s BBQ Daniel Rubenstein License type: Real estate sales Address: 1820 E. Sahara Ave., Suite 101, Las Vegas Owner: Daniel Rubenstein Date Nite License type: General retail sales Address: 1717 S. Decatur Blvd., Suite I02, Las Vegas Owner: Hammardown Enterprises Dedicated Caring Medical Transportation License type: Nonmedical supervised patient transfer service Address: 6280 S. Valley View Blvd., Suite A, Las Vegas Owner: Douglas Kroner Jr., Christopher Palacio, Kelly Frazier and Miguel Cervantes Denise Denning License type: Business support Address: Did not disclose Owner: Denise Denning Desert Marble & Granite License type: Contractor Address: 426 Hidden Brook Court, Henderson Owner: Desert Marble & Granite DG Koch Associates License type: Professional services Address: 2920 S. Jones Blvd., Las Vegas Owner: Donald and Sharon Koch Diamondback Land Surveying License type: Professional services Address: 6140 Brent Thurman Way, Las Vegas Owner: Trent J. and Lisa J. Keenan Drain Pro License type: Residential property maintenance Address: Did not disclose Owner: Hansel Vidal Driveit Auto Group License type: Type 10 Address: 2580 Anthem Village Drive, Henderson Owner: Floorit Financial Drysdale Jiu Jitsu License type: Martial arts instruction Address: 7035 W. Ann Road, Suite 130, Las Vegas Owner: Fight For Us Jiu Jitsu
Early Startome Tax Services License type: Business support Address: 71 N. Pecos Road, Suite 110, Las Vegas Owner: SJG Development
Faded and Glazed License type: General retail sales Address: 5643 Centennial Center Blvd., Suite 150, Las Vegas Owner: Faded and Glazed
Earnest, Kerstin License type: Independent massage therapist Address: 139 La Mirada Drive, Henderson Owner: Kerstin Earnest
FPP EDU Media License type: Marketing and consulting Address: 9550 S. Eastern Ave., Suite 253, Henderson Owner: FPP EDU Media
Eclipse Theaters License type: Theater Address: 814 S. Third St., Las Vegas Owner: Eclipse Theater
Galena European Spa License types: Cosmetology and general retail sales Address: 8053 N. Durango Drive, Suite 110, Las Vegas Owner: Galena European Spa
El Pinchi Smog License type: Automotive garage/ service station (minor) Address: 4450 E. Washington Ave., Las Vegas Owner: Heather Lynn Ramos Elegante Banquet Hall License type: Alcoholic beverage caterer Address: 3020 E. Bonanza Road, Suite 110, Las Vegas Owner: Bonanza Mojave Entourage License type: Contractor Address: 8060 S. Rainbow Blvd., Suite 100, Las Vegas Owner: Did not disclose Eric Hennum Agency License type: Insurance agency or adjusting firm Address: 8540 S. Eastern Ave., Suite 160, Henderson Owner: Eric Hennum Agency Erick Ramirez License type: Real estate sales Address: 1333 N. Buffalo Drive, Suite 120, Las Vegas Owner: Ram Elite Properties Evel Pie License type: Restaurant Address: 508 Fremont St., Las Vegas Owner: LG Fremont Events With a Twist License type: Alcoholic beverage caterer Address: Three locations in Las Vegas Owner: Jennifer K. Colacion Everi Payments License type: Automated teller operator Address: Four locations in Las Vegas Owner: Everi Holdings, Randy Taylor and Juliet A. Lim Fab Detailing License type: Detailing and car wash products Address: 2450 Craigie Castle St., Henderson Owner: Aaron Valentine
GCW License type: Engineering firm Address: 1555 S. Rainbow Blvd., Las Vegas Owner: GCW Gifts 4 All License type: General retail sales Address: 1717 S. Decatur Blvd., Suites G28-31, Las Vegas Owner: Rongmin Zhao Good Guys Restoration License type: Contractor Address: Did not disclose Owner: Apex Restoration GSM LV License type: Interjurisdictional business Address: 2920 Brookspark Drive, North Las Vegas Owner: GSM LV Guaranteed Work License type: Residential property maintenance Address: Did not disclose Owner: Alfredo Recio Alexa Maile Hantz License type: Independent massage therapist Address: 9310 S. Eastern Ave., Suite 120, Las Vegas Owner: Alexa Maile Hantz Harding Ray License type: Rental property Address: 1845 Harding St., North Las Vegas Owner: Harding Ray Harvey Tadmor License type: Real estate sales Address: 1215 S. Fort Apache Road, Suite 210, Las Vegas Owner: Harvey Tadmor Holm Electric License type: Contractor Address: 5045 Rogers St., Suite 3, Las Vegas Owner: Holm Electric Horizontes Cleaning License type: Residential property maintenance
20
VEGAS INC
your Business-to-business news
nov. 13-Nov. 19
Send your business-related information to news@vegasinc.com
Records and Transactions Address: Did not disclose Owner: Carlos Delgado Leon and Leisy Leon Figueredo Horrocks Engineers License type: Engineering firm Address: 1349 W. Galleria Drive, Suite 110, Henderson Owner: Horrocks Engineers Imperial Carpet Cleaning License type: Property maintenance Address: 639 Valley View Circle, Henderson Owner: Imperial Carpet Cleaning
Owner: Glen Yamamoto Las Vegas Lacrosse Showcase License type: Multivendor Address: 7901 W. Washington Ave., Kellogg Zaher soccer fields, Las Vegas Owner: Las Vegas Lacrosse Co. Las Vegas Wedding Wagon License type: Professional promoter Address: 3651 Lindell Road, Suite D769, Las Vegas Owner: Peck International Associations
Janae Giurlani License type: Real estate sales Address: 1820 E. Sahara Ave., Suite 101, Las Vegas Owner: Janae Giurlani
Leany Caricatures License type: Caricature artist Address: 74 Oklahoma Drive, Henderson Owner: Yeled Leany
Jett Gaming License type: Gaming restricted Address: 6100 Vegas Drive, Las Vegas Owner: Jerry E. Herbst and Herbst Gaming Trust
Legacy Specialties License type: Contractor Address: 410 S. Rampart Blvd., Suite 390, Las Vegas Owner: Lori Elliott, Kimberly Martinez-Neff and Daniel Bunn
Jett Gaming License type: Gaming restricted Address: 4440 E. Charleston Blvd., Suite 150; and 6100 Vegas Drive Las Vegas Owner: Jerry E. Herbst and Herbst Gaming Trust
Lets Git It License type: Professional promoter Address: 969 E. Flamingo Road, Las Vegas Owner: Noah Williams
John Durkin Associates License type: Marketing and consulting Address: 1489 W. Warm Springs Road, Suite 110, Henderson Owner: John Durkin Associates Judy Andrews License type: Real estate sales Address: 7465 W. Lake Mead Blvd., Suite 100, Las Vegas Owner: Judy Andrews K6 Studios License type: Photographer Address: 218 Chestnut Ridge Circle, Henderson Owner: K6 Studios Keith Laferriere License type: Real estate sales Address: 10100 W. Charleston Blvd., Suite 160, Las Vegas Owner: Keith Laferriere Kolesar & Leatham License type: Law firm or law office Address: 400 S. Rampart Blvd., Suite 400, Las Vegas Owner: Kolesar & Leatham Kross Logistics License type: Sporting goods Address: 5550 Painted Mirage Road, Suite 320, Las Vegas Owner: Interior Automations Las Vegas Dental Studio License type: Clinic or laboratory Address: 3117 W. Charleston Blvd., Las Vegas
Life Storage License type: Warehouse, storage or self-storage Address: 1011 Stufflebeam Ave., Henderson Owner: Life Storage Liquid Courage License type: Alcoholic beverage caterer Address: 233 S. Fourth St.; 360 Promenade Place, Las Vegas Owner: Jobo Enterprises Lovelock Hill Law License type: Professional services Address: 400 S. Fourth St., Suite 500, Las Vegas Owner: Lovelock Hill Lowry’s Catering License type: Alcoholic beverage caterer Address: 2620 Regatta Drive; 4125 W. Charleston Blvd., Suite 111, Las Vegas Owner: Robert Lowry Luxury Event Center License type: Alcoholic beverage caterer Address: 5001 E. Bonanza Road, Suite 136, Las Vegas Owner: Luxury Event Center LV Park and Sell License type: Truck Rental Agency Address: 3008 Meade Ave., Las Vegas Owner: Michael Schwartz and Natalie Schwartz Majestic Restoration Services
License type: Contractor Address: 4125 W. Dewey Drive, Unit A, Las Vegas Owner: Did not disclose Marisol Valencia License type: Residential property maintenance Address: Did not disclose Owner: Marisol Valencia
BUILDING PERMITS $1,870,805, commercial - alteration 11115 Apex Ruby Court, North Las Vegas ABG Builders
$183,096, residential - production x2 1540 and 1545 Point Vista Ave., Henderson Greystone Nevada $169,622, residential - production 2256 Valdina St., Henderson KB Home Inspirada $169,622, residential - production 723 Gorringe Ridge Court, Henderson KB Home LV Pearl Creek $168,731, residential - new 1008 Claystone Ridge Ave., North Las Vegas Pardee Homes of Nevada
$113,173, residential - production 2216 Via Zoran, Henderson KB Home Inspirada $106,852, residential - production 374 Pretissimo Lane, Henderson Richmond American Homes Nevada $100,475, residential - production 3149 Florence Falls Walk, Henderson KB Home Inspirada $76,308, mechanical 2313 Mendenhall Drive, North Las Vegas No Sweat Mechanical
$1,813,568, residential - custom 23 Summer House Drive, Henderson Lake Las Vegas Recovery Acquisition
$161,249, residential - production 241 Punto Di Vista Drive, Henderson Greystone Nevada
$63,178, commercial - alteration 6850 N. Decatur Blvd., North Las Vegas Techsico
$733,918, commercial - alteration 6482 N. Decatur Blvd., North Las Vegas Alan Jeskey Builders
$161,197, commercial - addition 2807 E. Alexander Road, North Las Vegas Hesco Services
$63,072, commercial - alteration 8390 N. Decatur Blvd., North Las Vegas Techsico
$581,306, rehab 315 W. Cheyenne Ave., North Las Vegas NDL Group
$140,843, residential - production 1543 Point Vista Ave., Henderson Greystone Nevada
$60,000, retail - tenant improvement 2280 Paseo Verde Parkway, Suite 130, Henderson Vestar Green Valley
$344,090, commercial - alteration 11115 Apex Ruby Court, North Las Vegas ABG Builders $309,950, fireproof 3330 E. Lone Mountain Road, North Las Vegas Statewide Fire Protection $299,990, retail 1630 W. Sunset Road, Henderson Washworks Express $284,459, residential - custom 671 Scenic Rim Drive, Henderson Yoseloff Family Trust $269,594, residential - incident repair 407 Glasgow St., Henderson Betty F. Stepman $220,827, residential - new 1016 Claystone Ridge Ave., North Las Vegas Pardee Homes of Nevada $220,603, commercial - alteration 3330 E. Lone Mountain Road, North Las Vegas Better Building Systems $214,758, residential - production x2 237 and 240 Punto Di Vista Drive, Henderson Greystone Nevada $198,944, residential - new x3 928, 1012 and 1013 Claystone Ridge Ave., North Las Vegas Pardee Homes of Nevada
$135,181, residential - new 1017 Claystone Ridge Ave., North Las Vegas Pardee Homes of Nevada $128,755, residential - production 378 Ambitious St., Henderson Ryland Homes Nevada $128,022, commercial - alteration 3837 Bay Lake Trail, North Las Vegas Tradewinds Construction $122,822, residential - production 346 Ambitious St., Henderson Ryland Homes Nevada
$58,240, solar 3524 Uranus Drive, North Las Vegas SolarCity Corp. $52,000, commercial - alteration 5575 Simmons St., North Las Vegas C & L Enterprises $51,940, solar 4546 Cliff Breeze Drive, North Las Vegas SolarCity Corp.
$121,935, residential - production 225 Cadence View Way, Henderson Ryland Homes Nevada
$49,158, solar 2510 Parasail Point Ave., North Las Vegas SolarCity Corp.
$121,546, residential - production 2653 Romanesque Queen St., Henderson Beazer-Inspirada
$48,230, solar 4861 Los Amigos Circle, North Las Vegas SolarCity Corp.
$119,895, sign 3420 Losee Road, North Las Vegas Patrick’s Signs
$46,700, pool and/or spa 5821 Armide St., North Las Vegas Blue Haven Pools
$119,203, residential - new x2 313 and 317 Casmailia Ave., North Las Vegas Century Communities of Nevada
$46,375, solar 312 Moonlight Glow Ave., North Las Vegas SolarCity Corp.
$115,891, residential - production 3025 Savella Ave., Henderson Beazer-Inspirada
$43,593, solar 128 Delighted Ave., North Las Vegas SolarCity Corp.
$113,617, residential - production 383 Pulse Ave., Henderson Richmond American Homes Nevada
To receive a complete copy of Data Plus every week in Excel, please visit vegasinc.com/subscribe.
Local Presence, Global Reach There’s a world of opportunity out there and our attorneys are well positioned to help our clients realize their dreams–in our hometown or around the globe. As a business leader, you want to be represented by a nationally recognized law firm with a local presence. Whether providing advice on major development projects or high-stakes litigation, our goal is to help our clients be successful. Business and Corporate Intellectual Property Labor and Employment Finance and Lending Real Estate Litigation Gaming
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lrrc.com
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11 Sunset Way | Henderson, NV 89014 | 702-990-4433 10530 Discovery Drive | Las Vegas, NV 89135 | 702-802-2841 10920 S. River Front Parkway | South Jordan, UT 84095 | 801-302-2600
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22
VEGAS INC
your Business-to-business news
nov. 13-Nov. 19
Send your business-related information to news@vegasinc.com
The List
Category: banks and thrifts (Ranked by local deposits as of june 30)
Bank
1
Local deposits
Local branches
National deposits
National branches
Top executive
Bank of America 300 S. Fourth St. Las Vegas, NV 89101 702-654-7900 • bankofamerica.com
$13,154,785,000
51
$1,191,330,723,000
4,702
Brian Moynihan, CEO
2
Wells Fargo Bank 3800 Howard Hughes Parkway Las Vegas, NV 89169 702-791-6353 • wellsfargo.com
$13,036,715,000
76
$1,132,300,285,000
6,138
Timothy J. Sloan, CEO, president
3
Western Alliance Bank 2700 W. Sahara Ave. Las Vegas, NV 89102 702-248-4200 • westernalliancebancorporation.com
$3,270,686,000
11
$10,952,830,000
30
Robert Sarver, CEO
4
JPMorgan Chase Bank 9911 W. Charleston Blvd. Las Vegas, NV 89117 702-938-0050 • chase.com
$2,909,706,000
48
$1,152,275,312,000
5,365
Jamie Dimon, CEO, president
5
Nevada State Bank (a division of Zion Bank*) 750 E. Warm Springs Road Las Vegas, NV 89119 702-855-4612 • nsbank.com (*Data refers to Zion Bank)
$2,776,737,000
30
$48,042,733,000
435
Dallas Haun, CEO
6
U.S. Bank National Association 2300 W. Sahara Ave. Las Vegas, NV 89102 702-251-1600 • usbank.com
$2,706,038,000
69
$295,638,478,000
3,153
Richard K. Davis, CEO
7
Beal Bank USA 1970 Village Center Circle, Suite 1 Las Vegas, NV 89134 702-598-3500 • bealbank.com
$2,590,959,000
1
$612,940,000
22
Andrew Beal, CEO, president
8
Citibank 8701 W. Sahara Ave. Las Vegas, NV 89117 702-505-9891 • online.citi.com
$1,304,000,000
9
$491,770,000,000
747
Francisco Aristeguieta, CEO
9
Toyota Financial Savings Bank 2485 Village View Drive, Suite 200 Henderson, NV 89074 702-477-2170 • toyotafinancial.com
$716,587,000
1
$-
0
James Lentz, CEO
USAA Savings Bank 3773 Howard Hughes Parkway Las Vegas, NV 89169 702-862-8891 • usaa.com
$574,830,000
1
$-
0
Stuart Parker, CEO
City National Bank 10801 W. Charleston Blvd. Las Vegas, NV 89135 702-952-5901 • cnb.com
$432,843,000
5
$37,142,618,000
69
Russell Goldsmith, CEO
10 11
Source: Federal Deposit Insurance Corporation and VEGAS INC research. It is not the intent of this list to endorse the participants or to imply that the listing of a company indicates its quality. 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.
A Bank for Professionals by Professionals We’re a financially strong community bank who cares about you and your financial future. Organized by local businessmen to provide a good banking alternative to the communities we serve, our decisions are made by the bank’s Nevada-based board of directors. We offer a full suite of banking products and services in a highly personalized banking environment. All deposits FDIC insured to the maximum limits
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ENGINEER RF Engineer III, Sprint Corporation, Las Vegas, NV. Provide radio frequency (RF) and/or wireless transmission design. Apply at www.sprint.com/careers, Req #208494BR. Sprint is a background screening, drug screening, and E-Verify participating employer and considers qualified candidates regardless of previous criminal history. EOE Minorities/Females/Protected Veterans/Disabled.
U.S. News & World Report ranks McDonald Carano as one of the 2017 “Best Law Firms” in Nevada. We are once again honored and proud of this distinction and continue to provide our clients with sound counsel on every matter, every day.
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City National. Meeting the lending needs of businesses and individuals in Nevada. Distributor Foodservice
Healthcare Surgery Center
Business Owner
$12,100,000
$2,800,000
$5,000,000
Real Estate Loan 168,000 Sq. Ft. Industrial Warehouse
Construction to Mini-Perm Loan 13,500 Sq. Ft. Office
Jumbo Mortgage The Ridges Single Family Residence
Education School
Entertainment Venue
Entertainment Business
$9,000,000
$20,000,000
$7,500,000
Leasing Technology and Medical Equipment
Term Loan Participation
Working Capital Line of Credit Equipment Term Loan Commercial Real Estate
Law Firm
Financial Services Real Estate Investor
Roofing & Solar Company
$1,200,000
$5,000,000
$4,050,000
Working Capital Line of Credit
Real Estate Loan 38,250 Sq. Ft. Office Building
Real Estate Loan 86,000 Sq. Ft. Industrial Warehouse
Above credit facilities originated in 2015/2016. All credit facilities are subject to credit approval. Terms, conditions and eligibility vary depending on the type of credit facility. Financing is not available for all commercial or residential properties.
NMLSR #536994 CNB MEMBER FDIC
6184.01
11/16