vegasinc.com | December 11 -
d e c e m b e r 1 7, 2 o 1 6
This shop selling marijuana paraphernalia is among the stops on a cannabis tour in Denver. (new york times file)
Don’t uproot that weed Those worried about real estate prices near marijuana dispensaries may be in for a surprise By Adam Candee | STAFF WRITER
Don’t worry if Mary Jane buys the house next door. She might just make yours more valuable. ¶ Recreational marijuana use becomes legal in January after Nevada voters passed the Question 2 ballot initiative in the November election, joining six other states and the District of Columbia in approving the casual use of the drug. A July study ma rijuana and real estate, Continued on pag e 15
19%
Increase in flu activity, compared with the same time last year, reported by the Southern Nevada Health District in early December.
$5.8B Health care and lost productivity costs of the flu in 2015, according to a study from the University of North Carolina at Chapel Hill.
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CONTENTS
VEGAS INC DEC. 11-DEC. 17
GROUP PUBLISHER Gordon Prouty ASSOCIATE PUBLISHER Breen Nolan
NOTEWORTHY STORIES
05 06 18 MEET KELLY CARDENAS SALON
Marc Jay has an extensive background in event planning, and Kelly Cardenas is focused on giving the entire hairdressing industry a makeover. Together, they recently opened a salon at Hard Rock Hotel. THE NOTES People on the Move, P4
Q&A WITH SCOTT ACTON
The founder and CEO of Forté Specialty Contractors talks about the influence of his father and grandfather, the evolution of the construction industry, and the key to being innovative. TALKING POINTS Industrial and retail development strong in 2016, P7
OUR TAKE: FOR SOME CASINOS, THE U.S. ASIAN MARKET IS AS VITAL AS CHINA The importance of international tourists to Las Vegas is no secret — especially those from China. Grand nods to Asian culture, such as Chinese New Year displays at Strip resorts, are the obvious manifestations of how Las Vegas caters to the demographic. Much more goes on behind the scenes. But consider this: Hainan Airlines’ recently instituted nonstop flight from Beijing to Las Vegas takes about 13 hours. A flight from Seattle takes just two hours and 15 minutes. One from Portland takes two hours. A San Francisco flight is an hour and 25 minutes, and from Los Angeles it’s only an hour. It takes longer than that to drive to LAX from many places in greater Los Angeles. Also, according to the U.S. Census Bureau, some of the counties with the largest percentage of AsianAmericans are in Washington, Oregon and California. In Clark County, the Census Bureau estimated in 2015, 10.1 percent of the population is of Asian heritage. The owners of the Lucky Dragon know this. Their marketing plans rely heavily on Chinese customers from Clark County and the West Coast. Station Casinos has erected
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: Commercial real estate developers, P22
Chinese-language billboards between Lucky Dragon and Palace Station. And Boyd Gaming has added more mini baccarat table games, popular with some Chinese gamblers, at some of its properties. Also, Boyd operates most of its own restaurants, but at the Gold Coast, Ping Pang Pong is managed by an outside company that specializes in Chinese cuisine. Even hip hangout the Palms has added new baccarat-based video games and some slots. So yes, it’s great to have direct flights from China to Las Vegas and the business they will bring. But it’s also good to keep in mind that some of Las Vegas’ best Asian customers live right next door. — THOMAS MOORE
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 Jesse Granger, Chris Kudialis, Megan Messerly, Thomas Moore, Daniel Rothberg, Cy Ryan, Camalot Todd, 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 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 47 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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VEGAS INC
the notes: COMMERCIAL REAL ESTAtE
dec. 11-dec. 17
Ron Moore is senior project manager at Grand Canyon Development Partners. Brian moore Graham is a project coordinator.
Send your business-related information to news@vegasinc.com
estro are senior project engineers. Brooks is a preconstruction project executive. Walker is a general accountant. Johnson is area field manager.
graham
Dan Stewart is vice president of development for the Gardner Co.’s recently opened Southern Nevada office. Gardner is the master developer for the UNLV Research Foundation’s Harry Reid Research and Technology Park. Slater Hanifan Group are the civil stewart engineers in the development for Phase One of the park. Ed Vance & Associates are the architects. Cushman & Wakefield Commerce’s Daniel Palmeri, senior directortenant advi- palmeri ogden sory group, achieved the SIOR office designation, and Amy Ogden and Danielle Steffen, both steffen janemark directors of industrial and investments, achieved their SIOR industrial designation awarded by the Society of Industrial and Office Realtors. Pete Janemark received the national Certified Commercial Investment Member designation. The Penta Building Group hired Alex Ortega, Rossela Learing and Josiah Hepworth. Ortega and Learing are project engineers. Hempworth is a project engineer intern. Aaron Plante, Chris Brooks, Eunice Diestro, Carrie Walker and Jeff Johnson were promoted at Penta. Plante and Di-
Bobbi Miracle is the Commercial Alliance Las Vegas Member of the Year for miracle ott 2016. Miracle is the senior vice president of Commercial Executives Real Estate Services in Las Vegas, specializing in the leasing and sale of office, medical, retail and industrial properties. She previously served as president-elect and as a director of CALV’s board. Jennifer Ott is the CALV president for 2017. She is an executive vice president for retail sales and leasing at ROI Commercial Real Estate in Las Vegas. She previously served as president-elect and as a director of CALV. For 2017, CALV’s immediate past president will be Soozi Jones Walker of Commercial Executives Real Estate Services. Other members of the 2017 CALV board of directors are president-elect Chris McGarey, Berkshire Hathaway Home Services, Nevada Properties; treasurer Paul Bell, Berkshire Hathaway Home Services, Nevada; director Melissa Campanella, Logic Commercial Real Estate; director Robin Civish, ROI Commercial Real Estate; director Cathy Jones, Sun Commercial Real Estate; and director Tom Lisiewski, Your Real Estate Company.
Colliers International - Las Vegas Research and GIS Manager John Matt Stater was named Colliers International’s North America Researcher of the Year. Northcap opened a multifamily-unit real estate division, led by Devin Lee, Antone Brazill and Robin Willett.
stater
Lisa Page is accounting administrator at DC Building Group. Jody Walker Belsick, Treasea Wolf and the staff of Walker Engineering recently joined forces with Kimley-Horn, a national engineering and land development firm.
page
Cathy Sheehy is the commissioner of the state Division of Mortgage Lending. DC Building Group CEO Shawn Danoski has been reappointed as Chairman of the Nevada Construction Education Commission. Park Place Infiniti completed a multimillion-dollar renovation of its six-acre property at 5555 W. Sahara Ave.
danoski
Alexia Crowley, senior associate at MDL Group, received her CCIM designation. Andrew Kilduff is Colliers International-Las Vegas’ associate vice president.
Dave Teator is DC Building Group’s vice president of operations. Previously, he served as senior project manager. Burke Construction Group completed construction on an expanded warehouse facility for the Frito Lay Las Vegas teator Distribution Center on behalf of Con-Real. The approximately 30,000-square-foot expansion used tilt wall panel construction similar to the existing warehouse building. The two areas now function as one common warehouse space. It was designed by architect William E. Franz.
Construction began on the Post Acute Medical Rehabilitation Hospital of Centennial Hills, the newest addition to Centennial Hills Center, a 24.36-acre commercial mixed-use develop- kilduff ment offering medical and professional offices. The build-to-suit facility is the first in Nevada for PAM, a specialty hospital company that provides highquality care in specialty and rehabilitation hospitals. Sina Companies and IREPLV are the developers of Centennial Hills Center.
Frederick Robertus is vice president of architecture and design at Bergman Walls & Associates. Ben Yi Xu, Heather Chapa and Jisoo Kim are designers.
The Penta Building Group topped off the Ascaya Clubhouse’s outer structure. The 20,000 squarefoot Ascaya clubhouse is scheduled to open spring 2017.
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VEGAS INC
the interview
dec. 11-dec. 17
Send your business-related information to news@vegasinc.com
‘I want to change the way our industry is viewed’ BY VEGAS INC STAFF
Kelly Cardenas Salon, a beauty outpost offering haircuts, color, blowouts and makeup application, among other services, opened in November at the Hard Rock Hotel. VEGAS INC got to know Cardenas and co-owner Marc Jay. You have salons in Chicago, Salt Lake and other cities. Why did you bring your business to Las Vegas?
Cardenas: I opened my flagship salon in Las Vegas on Fort Apache Road 10 years ago, and then expanded to Chicago, Salt Lake City and Carlsbad, Calif. Vegas is a place where companies are instantly put on a global stage because everyone in the world travels to this city. What can people expect from your second salon, at the Hard Rock?
Cardenas: The resort’s luxurious rock vibe is a great complement to my salon’s upscale and edgy attitude. We’ve created a culture of hairdressers that deliver a five-star experience without the ego. That positive environment is something you can feel, and we want to transfer that positivity to our guests. How do you make the business an escape for customers?
Cardenas: We want to make each and every guest who steps foot into the salon our primary focus and allow them to drop their life’s problems at the door. For that hour or two they’re with us, the whole experience is about them, from the smallest details. The color bar is an open-air area with no mirrors, so guests can chat with each other or take the time to reflect within. During shampooing, guests are treated to an extensive head, neck and shoulder massage. Floorto-ceiling windows provide natural lighting, which reduces stress and anxiety and improves mood; so when you leave, you look beautiful and feel refreshed and energized. What is the hardest part about doing business in Las Vegas?
Cardenas: There are so many positives about doing business in Las Vegas, but because there are so many choices and options for consumers, companies have to constantly look for different ways to add gasoline to the fire and promote themselves. There have been opportunities presented to me that would have made me a lot of money in a short period of time, but I’m seeking long-lasting success, not temporary. I have made the conscious decision to stick to my and our company’s core values and do things for the right reason, which can be difficult at times. Marc, you’ve been working in the nightlife industry for several years. Why did you make this transition?
Jay: I originally came to Las Vegas from London on vacation in 2000, and after two weeks of staying at Mandalay Bay, found myself working with the hotel on bringing special events from Europe. So I moved into Mandalay, expecting to stay for a few
Marc Jay, left, and Kelly Cardenas own the Kelly Cardenas hair salon inside the Hard Rock Hotel. (mikayla whitmore/Staff)
Kelly Cardenas Salon — A Paul Mitchell Focus Salon Address: Hard Rock Hotel, 4455 Paradise Road, Las Vegas Phone: 702-693-5522 Email: kellycardenassalon@yahoo.com Website: kellycardenassalon.com Hours of operation: 10 a.m.-7 p.m. Tuesday through Saturday; 10 a.m.-5 p.m. Sunday and Monday Owned/operated by: Kelly Cardenas and Marc Jay In business since: November
months and work on this project, and ended up living there for four years. That’s where I first met Kelly, as he was running the salon there, and I would go in at least two or three times a week, as it was a meeting place of the who’s who of Las Vegas. That’s when I fell in love with this industry; there’s something special when you create an amazing experience for clients and they leave your business feeling on top of the world. And how do you think your experience will assist you in building this new business venture with Kelly?
Jay: For the past 20 years, I have been creating over-the-top events around the world with my events
company, One Global Events. Anybody can open a salon, but creating an amazing and unique experience is what I have done for most of my life. Joining forces with Kelly and Paul Mitchell is a dream come true. I can’t wait to program some amazing promotions and expand this unique culture. What obstacles have your business overcome?
Jay: You name it, we’ve experienced it: the stigma of the salon industry, building people from the ground up, and wanting to do things the right way. There were opportunities we could have done to promote our business but they weren’t in line with our core values, and to me, it’s far more worth it to stick to our principles and have integrity-based success. You’ve said you want to revolutionize and change the view of the hair industry. What view are you trying to change and how do you plan to do so?
Cardenas: I want to change the way our industry is viewed in the public arena and the stigma that is associated with it. People weren’t cheering me on to go to hair school; I want people to be excited when their kids say they want to become a hairdresser, as they are when they want to be a doctor or lawyer. We will accomplish this by modifying the behavior of hairdressers and continue perpetuating the positives and prosperity the industry can offer.
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VEGAS INC
get to know a local business
dec. 11-dec. 17
Send your business-related information to news@vegasinc.com
by the numbers
$40 Million
Amount Carnival’s Princess Cruise lines will pay to settle a lawsuit with the Department of Justice over illegally dumping bilge water. A 2013 investigation found that Carnival had been polluting the ocean since 2005.
$406,000
Amount paid for one of the first Nikon cameras ever made. It was reportedly assembled in 1948 and was part of the Nikon One series, of which less than a thousand were manufactured. The camera was sold at the WestLicht Photographica auction.
40 percent
Decrease in the amount of sugar in Nestle candy bars after a scientific discovery to “structure sugar differently.” The new chocolate bars will be produced starting in 2018.
$7.5 million
Amount Wal-Mart will pay to settle a lawsuit claiming it discriminated against gay employees by denying health benefits to their spouses. A Wal-Mart spokesperson said the company will no longer differentiate between same- and opposite-sex spouses.
$458 million
Amount the U.K. government will spend to renovate Buckingham Palace, replacing wiring and pipes that are more than 60 years old.
100,000
Number of computer hackers the incoming Trump administration has been advised to train, one of several steps outlined by a Commission on Enhancing National Cybersecurity report. Critics say there is a severe lack of computer scientists who understand how to defend from hackers.
4.6%
The national unemployment rate — its lowest since 2007. In the past month, the economy has created 178,000 jobs and dropped the rate by 0.3 percent.
Scott Acton is founder and CEO of Forté Specialty Contractors, which specializes in building experiential venues within the hospitality, restaurant, retail and entertainment industries. (STEVE MARCUS/staff)
Construction CEO: Always ask why Scott Acton, founder and CEO of Forté Specialty Contractors and former Small Business Person of the Year for Nevada, talks about the evolution of his business and the industry. What is the most valuable lesson you learned from your father or grandfather? Both taught me very differently: My grandfather taught me the value of hard work, and my dad taught me how to think differently and to never quit. You started working for the family business when you were 16 years old. In what ways has the business evolved? The business has evolved as the clients’ needs have evolved; if you are not paying attention to the changes in the market, you could find yourself with fewer clients. Why did you want to pursue this career? What I love most about what I do is the ability to work as a team to solve challenges and build out-ofthe-box spaces and structures at the highest level of quality. The philosophy behind your business is to sit at the creative table. Talk about why it’s important to be involved on this level. We at Forté are a creative team. That does not mean we are the concept team; we are solution-oriented people. Many times, the means and methods are where we are the most help to our clients. Our goal is to deliver and construct the experience our clients are looking for, for the right price. Is there a project you’re most proud of? I am most proud of the project we just finished, Wynn
Palace Cotai in Macau. We built the eight floral-embellished displays that you see as you enter the property. They are really amazing. Your business also operates in New York, California and several other states, as well as China. How did you accomplish this wide expansion? Expansion was not part of the original plan; it was driven by our clients asking us to participate in projects around the world. How do you remain innovative in the industry? We are constantly asking “why?” and are always looking for other ways to do things that make sense for the project. One of my least favorite answers is, “Well, we have been doing it this way for 30 years.” Just because it’s the way it’s been done for a while does not make it the right choice for the particular project. Forté Specialty Construction has worked on several diverse projects in Las Vegas, including the Eli Roth Goretorium, The Spa at Encore and Gordon Ramsay BurGR. How have you managed to develop such a strong catalog? Tenacity is the first part; the second part is coming up with solutions to budget problems or a constructability solution in the pre-construction phase. What advice do you have for those interested in the field? It can be rewarding, but it is not easy.
talking points Send your business-related information to news@vegasinc.com
Reader comments We want to hear from you. Visit vegasinc.com to post your opinion.
On Thomas Moore’s lasvegassun. com story “As free parking continues to dwindle on Strip, some resorts guarded about following suit”: Make it so the only way out of the parking garage is a long walk through the casino, passing shops and restaurants along the way. How much do they spend advertising to get people in there? Make money off them. The other places are handing them free customers. Take advantage of it. — ghs1971 On Adam Candee’s lasvegassun.com story “Did Foley get the name right? Depends on a lot more than local appeal, experts say”: I was prepared to be OK with anything: Golden Knights, Black Knights, Tumbleweeds, whatever. But I was not expecting “Vegas” to be the official city name. I never hear anyone who considers Las Vegas their home call it “Vegas.” — Chasedt On Adam Candee’s vegasinc.com story “Southern Nevada home rental prices continue to rise”: Lending institutions are getting sloppy again in who they will lend money to in a desperate attempt to show quarterly growth and keep employees, and they weren’t punished last time with fines or more regulation, so they don’t care. — DeDondeEs
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VEGAS INC dec. 11-dec. 17
Industrial, retail development strong in 2016
T
guest column: estate, from 2000 to 2004. While we may he past year has been remarkdave teator never again see the kind of heyday building able for commercial real estate of that time, the current dwindling indusin Las Vegas. It has seen the trial and retail space in the valley is a sign noticeable recovery of a market that we’re heading in the right direction. that, less than a decade prior, politicians, inThere’s more demand for space than space available. dustry experts, business owners and analysts believed might The second half of this year has seen an increase in the never bounce back. need and desire for industrial properties. There seems to be It’s no secret that diversification is the key to growth and significant activity completed and planned for commercial a strong economy. It opens doors to opportunities that spur warehousing and industrial space. This industrial boom may more business. A number of East Coast retailers are starting be a result of the reinvigorated residential market. People to see the Las Vegas market as a viable business option, and making their home in Las Vegas equates to need for busithe proof is in the pudding. nesses to expand and diversify. The first indicator of steady growth is that retailers are Still, there have been difficulties and setbacks with some moving into the valley. There have been many this year, but a projects. Investment in startup projects has been risky busifew big franchises include: Cracker Barrel, Amazon, Chickness in 2016, as we have seen with the recent suspensions of fil-A and Dave & Buster’s. the Faraday and Alon projects. There also has been substantial The growth of the past two years also has affected the lag in the construction process of the Resorts World project. tourist and gaming corridor, with the construction of TThe coming year promises continued spec development Mobile Arena, the potential NFL stadium and the new Park and businesses trying their hand in the valley, including Del Theater at the Monte Carlo. What was once a 2-mile stretch Taco, which previously had not committed to any new develfocused on casinos and gambling is becoming an entertainopment since 2006. The chain is slated to bring multiple new ment district. stores to the valley. The industrial market seems to have had a distinctive and With business diversification soaring here, the developcontinual effect on the industry, with developers constructment and spec retail boom is sure to continue well into the ing large industrial and warehouse facilities without necesnext several years, and that’s good for all Nevadans. sarily having a tenant. That was not feasible even five years Dave Teator is vice president of operations for ago; it was just too risky. DC Building Group. The current boom is reminiscent of the golden age of real
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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As free parking dwindles on the Strip, some resorts guarded about following suit By thomas moore Staff Writer
Free parking in Las Vegas — one of the Strip’s few hallowed traditions — continues its decline. Recently, two major Strip resort companies announced they would join MGM Resorts International and charge for parking. Even resorts that insist they have no plans to charge fees are leaving the possibility open. The dam burst in June, when MGM announced it would begin charging for valet parking at all of its properties on the Strip and for self-parking at all properties except Circus Circus. Now, Caesars Entertainment has announced that a similar program would be phased in at all of its Las Vegas properties except for the Rio. Caesars’ move was no surprise to one Las Vegas insider. “It was just a matter of time,” said Anthony Curtis, a longtime Las Vegas observer who runs the lasvegasadvisor.com blog. “I was like, ‘Yep, here we go.’ Everybody knew it was going to happen. There was no doubt. From the time MGM announced it, you knew Caesars was next.” Then, Wynn Resorts announced it would charge for valet parking — not self-parking in the garage — at the Wynn Las Vegas and Encore. And while it seems to be a trend, some resorts won’t come down one way or the other on whether they might make their customers pay extra for using a car to travel to their properties. The Cosmopolitan, for example, would only say it was evaluating its business needs and the landscape in regard to paid parking. Others said no to parking fees but didn’t expressly rule them out. A spokesperson for SLS Las Vegas said the resort had no plans to charge for parking “at this time.” Others were slightly less equivocal. “The Las Vegas Sands has no plans to charge for parking at our Las Vegas properties,” said Ron Reese, vice president of communications at Las Vegas Sands Corp. Michael Storm, general manager of Hooters Hotel, said he and his team thought about charging parking fees but decided against it. “We did (evaluate it) maybe about
Cars drive into the MGM Grand, an MGM Resorts International property. In June, the company began charging visitors for parking at some of its properties. (associated press file)
six to eight months ago,” Storm said. “We explored it and ... we realized that it’s a competitive advantage not to do it. “Part of our charm is we’re not like the big megaresorts and we appeal to a more locals kind of crowd. And we want to do things to cater to them. So yeah, we took it off the table.” Randi Kolesar, vice president of marketing at Tropicana, said the property had no plans to implement parking fees, either for valet or selfparking. Since the move to fee-based parking is so new, it’s difficult to gauge what effect it’s having. In some cases, it could be pushing customers to park at one casino before walking to another. Storm suspects some people may be using Hooters’ garage to avoid MGM’s fees, but said many noncustomers were going there when parking at the MGM was free. “People have been doing that anyway,” he said. “And for us, I’m actually fine with that. Park here, go across the street and see David Copperfield and then come back here and have some wings and then go home.” Yvette Monet, corporate communications manager for MGM, said the fees hadn’t reduced the number of people parking at MGM properties. “Our customers have really taken
this in stride,” she said. Still, the reason Caesars gave for introducing fees was to discourage nonCaesars customers from using the company’s garages, suggesting that MGM’s parking fees had a cascading effect. “It just makes sense that requiring some modest payment to park will be a disincentive for people who are just looking for a place to park and then are cruising the Strip,” said Richard Broome, executive vice president of public affairs and communications for Caesars Entertainment. And while he was initially cynical about Broome’s reasoning, Curtis said he now thought it made sense. “I’ll be honest,” Curtis said. “I read that and ... my first reaction (was) ‘Here we go with these excuses and smokescreens.’ But the garages are getting very, very crowded, especially on weekends. I was in Flamingo on Saturday and could not find a parking spot.” The effects of fees may even reach beyond casinos and into retail spaces on the Strip. Brian Sorrentino of ROI Commercial Real Estate is an observer of retail on the Strip. He said there was no doubt the shopping centers there would be affected by parking fees. “The short answer is yes, at any specific property that has shopping
and where people are going to be charged for parking and you can’t get validated if you’re a local, it will have an effect,” Sorrentino said. “It’s going to turn away someone unless those spaces have a tenant the customer is specifically going to visit. “It gives an advantage to the Fashion Show mall,” he said. “It’s a significant competitive advantage.” Sorrentino said parking fees probably wouldn’t affect business for smaller retail spaces inside casinos. But for the larger retail spaces, such as the Miracle Mile, Crystals or the Forum Shops, they could spell trouble. “I don’t think it will do anything to discourage people once they’re on-site,” he said. “Once you are on property, you’re going to buy what you came for. But it could turn people away from other places.” Sorrentino said locals were surprisingly important for Strip retailers. “For the Fashion Show, it’s a fairly significant number,” he said. “It’s like half of their business. For Town Square, it’s 60 percent. I don’t know what the mix is for the Forum Shops. I think it’s more tourist driven. But even if it’s a 70-30 split, that’s huge.” Sorrentino said he expected that at some point, the casinos would have to figure out a way to deal with the issue. “With the kind of rents those properties are getting, I think they’re going to have to figure something out,” he said. “It’s going to have an effect. How much and how soon everybody deals with it remains to be seen.” “The retailers will start screaming and then the operators of the mall will start screaming and then they will have to figure something out. My guess is it would be some kind of validation for locals.” However, validation for locals won’t be needed for a while. In June, when MGM announced its parking policy, it said locals would not be charged for parking until Dec. 29. Monet said that deadline was still in effect. Caesars’ announcement said locals could self-park for free with no mention of a time limit. And Wynn Resorts said everyone, locals and tourists alike, could self-park for free at the Encore and Wynn Las Vegas.
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Southern Nevada home rental prices continue to rise By adam candee Staff Writer
Home rental prices continue to trend upward in Southern Nevada, even as home purchase prices experience a seasonal lull. Research firm Applied Analysis shows a 16th consecutive quarter of growth in average apartment rents in the Las Vegas Valley in the third quarter. Average rent per unit stands at $918 per month for the most recent quarter, representing an increase of 1.1 percent from the second quarter and a year-over-year jump of 8 percent. “Key contributors to the rising rents are communities with high-end finishes and added amenities that have recently entered the market,” said Brian Gordon, principal at Applied Analysis. “While the apartment sector experienced limited development activity during the decade preceding the current recovery, the pendulum has clearly swung the other way.” Rents from all corners of Southern Nevada showed strength. Rents in the southeast part of the valley displayed the strongest gain at 9.8 percent and averaged $1,058 per unit, followed by the northwest valley at $921, an uptick of 8.7 percent.
An apartment complex by the Calida Group is shown under construction on Jerry Tarkanian Way in April. (steve marcus/staff file)
“Population continues to rise, and the job market is reporting fairly consistent growth. As a result, the local for-sale housing market continues to make progress, with relatively healthy sales volumes and modest increases in overall prices,” Gordon said. “Gains in the rental market have generally followed suit as occupancies remain high and rent growth is well above average.” Occupancy held at 94.3 percent in
the third quarter. For the same time in 2015, that rate stood at 93.8 percent. A separate report from Real Property Management and RentRange indicates a similar increase in rental prices for single-family homes in the valley. A three-bedroom home rents for an average of $1,313 per month, according to the report, increasing 6.5 percent from the same time last year. For a home of that size, prices in Las Vegas lag behind the national
Fitch Ratings: Solid growth for Strip in 2017 By thomas moore Staff Writer
Ignore the Las Vegas Valley’s physical features: According to Fitch Ratings, the economic landscape of the city is flat and smooth. The financial information services company recently released its 2017 Outlook for the U.S. gaming industry. In its estimation, the Strip will continue to see solid, if unspectacular growth, with steady visitation numbers and convention business making up for weakness in gaming, particularly baccarat play. “We expect nongaming revenues, 65 percent of gross revenues on the Strip, to continue to offset pressure on gaming stemming from weak baccarat play into 2017,” the report said. While some industry observers are concerned about the decline in the popularity of gambling, the Strip’s focus on providing an overall resort experience with restaurants, shopping and nightclubs has certainly paid off. “That’s a long-term trend that should continue,” said Fitch’s Alex Bumazhny, a senior director at the firm who covers gaming, lodging and leisure. “What is reassuring is that, despite casinos like Wynn and Bellagio having a pretty sizable exposure to baccarat, they were still able to at least have pretty stable
profitability compared to previous periods, or even growing profitability.” The weakness in baccarat play is something gambling destinations across the world are experiencing, Bumazhny said. “Baccarat in the U.S. is a bit tricky to understand because it’s been inconsistent globally,” he said. “But Macau also has been under pressure in the past couple of years. And a lot of that has to do with the corruption crackdown in China and also the economic slowdown in China as the country switches to a service economy, as opposed to an infrastructure and manufacturing economy.” Bumazhny said nonstop travel to Las Vegas from China and new resorts such as Resorts World, the large Asian-themed casino being developed on the Strip, also could help. However, Resorts World is not scheduled to open for a few years, possibly 2019. In the meantime, Bumazhny said, the Strip will continue to rack up steady and reliable numbers from regular visitors and convention attendees. “As far as visitation goes, we feel there will be visitation growth because there’s more air capacity,” he said. “But it doesn’t require much visitation growth to Las Vegas in order to drive profitability.”
average rent of $1,459, up 4.8 percent from a year ago. “We see home prices going up, and that has had a natural ripple effect onto the rental market,” said Tod Wever, principal/owner of Real Property Management Las Vegas, which manages more than 500 homes in the Las Vegas area. “Whenever the home prices go up, that drives up our rent prices as well. The forecast going forward feels that’s going to continue to be the trend.” Home prices in Las Vegas slid slightly in October. The median price of $233,250 fell $1,650 from September, but still represented a 5.1 percent year-over-year increase. Home prices peaked this year during July at a median price of $237,500. Wever said the same seasonal malaise that hits home prices in the winter affects his rentals as well. Asking prices tend to become more flexible as the weather cools. “You tend to take some rent; it’s better than no rent,” Wever said. The report also showed that 31.2 percent of single-family houses are rented homes in the Las Vegas area. Nationally, rentals represent 25.3 percent of three-bedroom, single-family homes.
Tax Commission waives $29,000 penalty against Tesla By cy ryan Staff Writer
The Nevada Tax Commission waived a $29,000 penalty against Tesla, the company receiving millions of dollars in tax breaks from the state. Tesla, which is building a massive battery factory east of Reno, failed to pay its sales and use tax on time, and the Department of Taxation imposed the penalty. The commission, without discussion, unanimously voted to approve the waiver for Tesla and 14 other companies that missed the filing deadline. The sales and use taxes were collected for the period between June 2015 and January. To attract Tesla to build the plant in Storey County, the state Legislature agreed to tax breaks and credits for the company, which plans to employ 6,000 people when the factory is fully operational.
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m arijuana a n d r eal estate, from page 1
Values of homes near 103 dispensaries in Denver increased, UNLV study found commissioned by legalization advocates and conducted by local firm RCG Economics indicates that approval could lead to nearly 3,300 new full-time jobs and more than $485 million in pot sales by 2024. Nascent research and a cautious implementation model leave experts differing on whether the industry’s expansion will buttress Southern Nevada’s residential real estate market, but early studies at UNLV and the University of Mississippi indicate that marijuana legalization ties directly to housing appreciation in Colorado. Led by professor Cheng Cheng, the Ole Miss study concluded in September that areas in Colorado that adopted retail marijuana laws (RML) following state approval of recreational use enjoyed a 6 percent increase in housing value tied directly to that statute. The paper also shows a uniform effect on housing in all price ranges. Cheng’s research separated legalization’s influence from other factors in Colorado’s booming housing market, which gained close to 9 percent over the past three years. “We find suggestive evidence that this relatively large appreciation is likely due to RMLs affecting both sides of the housing market: strengthening demand and restricting supply,” Cheng wrote in the study. Herman Li, an assistant professor in UNLV’s Lee Business School, drilled down a bit further by examining Denver-area housing values in neighborhoods located near dispensaries that converted from medical marijuana to retail distribution. Li looked at houses within one-tenth of a mile from 103 of these dispensaries and discovered an increase in mean housing price from $320,000 in 2013 to $382,000 in 2014. “We speculate that it’s a different group of people living near that particular amenity,” Li said of recreational marijuana outlets. “We think it’s those types who actually prefer outbidding everyone else to live near these kinds of facilities.” Li, whose study is ongoing, said his initial findings surprised him. “We actually thought we would find a negative effect. We thought this would
“We speculate that it’s a different group of people living near that particular amenity. We think it’s those types who actually prefer outbidding everyone else to live near these kinds of facilities.” — Herman Li, assistant professor in UNLV’s Lee Business School, on recreational marijuana outlets
be a disamenity and people would be less inclined to live in this area.” Implementation of recreational cannabis in Nevada will differ significantly from Colorado, though. The Nevada law allows for up to 106 retail dispensary licenses statewide, 80 of which would be in Clark County. Colorado enacted no such restrictions, and as of Dec. 1, 454 licensed retail stores operate in the state. “There’s a lot of people inquiring just how to get in the industry,” said Phillip Silvestri, a Las Vegas attorney with Greenspoon Marder who represents medical marijuana license applicants. “A lot of people think it’s going to be like Colorado, and it’s not.” Denver-based real estate investor Jay Rollins of JCR Capital searched unsuccessfully for projects to bankroll as the state passed its medical marijuana licensing mechanism in 2010, before voters passed recreational usage two years later. “Colorado was a free-for-all, and so anybody could apply (for a license) and pretty much anybody who applied got one, so there were more marijuana licenses than there were Starbucks in Colorado,” Rollins said. “A lot of people thought this was a ticket for a gold mine, and a lot of people lost money on it. What you saw in Colorado was a huge entrepreneurial rush. Anybody who ever got high thought they were getting into the pot business.” Possessing up to an ounce of marijuana and/or as many as six marijuana plants in your home becomes legal Jan. 1 in Nevada, but the Nevada Department of Taxation will have up to a year from then to develop a full plan for licensing retail stores, and cultivation and production facilities. State Sen. Tick Segerblom, D-Las Vegas, a prominent advocate of legalization, will introduce a bill at
the 2017 Legislature to provide for an “early start,” allowing existing medical dispensaries to sell recreational marijuana, under the oversight of the state health division, upon approval by Gov. Brian Sandoval. For 18 months from the first day applications are accepted, only existing medical marijuana licensees will be allowed to convert to retail sales. Nevada currently licenses 49 medical marijuana dispensaries, and close to 14,000 people in the state held medical marijuana cards at the end of 2015. That aspect of the legislation could delay any potentially significant effects on Southern Nevada’s housing market until well into 2019. “To the extent the recreational marijuana industry fosters economic growth, improved residential sales traditionally follow, so from a more generalized perspective, there certainly could be an increase in residential activity,” said Megan Fogarty, a Reno attorney with Holland & Hart who specializes in real estate law. “But based on the limited number of retail stores and licenses permitted in each county, it is unlikely that the recreational marijuana industry would have a widespread impact on residential sales.” Even if Nevada didn’t see a boost anywhere near that documented in Colorado, just relieving fear that marijuana’s arrival in the neighborhood will crater housing values could prove crucial in forecasting how the Southern Nevada housing market will react to legalization. “We know the negative isn’t true — that is, the idea that cannabis is going to devalue the housing market where legalization happens,” said John Hudak, deputy director of the Center for Effective Public Management and a senior fellow in governance studies
with the Brookings Institution. “We know from Colorado and Washington that doesn’t happen. That was one of the reasons why people said you shouldn’t legalize.” Provisions of the new law seek to mitigate fear of marijuana’s effect on neighborhoods. For instance, the Nevada law provides a buffer zone that prevents marijuana establishments from being within 1,000 feet of schools and 300 feet of community facilities. Such a major change involving a substance tied to lingering taboos will cause uncertainty in any case, Hudak said. “For the first six months, there are going to be people who just aren’t sure,” Hudak said. “There is still tremendous uncertainty and notable worry about what legalization will mean in the short term. Once people see that the sky doesn’t fall, then they’re more willing to take a deep breath and say, ‘This is not an economic loser; maybe this is something we should invest in.’ ” Such industry projections could be rendered moot by the new presidential administration, though, as Attorney General nominee Jeff Sessions opposes marijuana legalization. State-level approval of marijuana use does not supersede the federal ban of the drug, so Nevada and its fellow weed-friendly states could face a legal battle if Sessions is confirmed and chooses to strictly enforce federal law. Under the Obama administration, the Department of Justice has taken a fairly “hands-off” approach to enforcement of federal marijuana violations, focusing on an eight-point priority list established in a 2013 memo from Deputy Attorney General James Cole to all U.S. attorneys. “The Cole memo essentially states that the Department of Justice will not use federal resources to prosecute marijuana activities otherwise legal at the state level, but instead, expect regulation and enforcement by those states that have authorized marijuana use,” Fogarty said. “Whether this policy will continue to be followed in the next administration remains to be seen.”
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Calendar of events TUESDAY, DECEMBER 13 Henderson Chamber networking breakfast Time: 7-9 a.m. Cost: $30 for Henderson Chamber members; $50 for nonmembers; $10 additional for walk-ins Location: Sunset Station, 1301 W. Sunset Road, Henderson Information: Call 702-565-8951 Nevada Secretary of State Barbara Cegavske will provide a departmental update. December legal panel Time: 7:30-9:30 a.m. Cost: $15 for students; $25 general admission Location: Caltrol, 1385 E. Pama Lane, Suite 111, Las Vegas Information: Visit snv.shrm.org The Southern Nevada Society for Human Resource Management will feature a panel of lawyers, who will discuss the new FLSA overtime exemption rule, recent cases from the U.S. Supreme Court and Nevada Supreme Court, the new I-9 form, recreational marijuana and anticipated changes under the Trump administration. CBER’s 2017 Economic Outlook Time: 8-10:30 a.m. Cost: $100 Location: M Resort, 12300 Las Vegas Blvd. South, Las Vegas Information: Call 702-895-3191 The Center for Business and Economic Research of UNLV’s Lee Business School holds its annual conference. Attendees will learn about the current and future forces that will shape the U.S. and Southern Nevada economies. U.S. Green Building Council Nevada luncheon Time: 11:30 a.m.-1 p.m. Cost: $25 for USGBC members; $30 for nonmembers Location: Innevation Center, 6795 S. Edmond St., Las Vegas Information: Visit eventbrite.com Attorney Curt Ledford will speak about recent district court and Public Utilities Commission decisions regarding net metering.
WEDNESDAY, DECEMBER 14 Cuba: Yesterday, Today and Tomorrow Time: 5:30 p.m. Cost: $65
Location: Havana Grill, 8878 S. Eastern Ave., Suite 100, Las Vegas Information: Visit waclv.org Broadcast journalist Bernadette Pardo will discuss Cuba, with a focus on trade and cultural relationships. Nevada Air & Waste Management Association holiday mixer Time: 3-5:30 p.m. Cost: $15 for full-time students; $30 for NVAWMA members; $35 for nonmembers; $40 for walk-ins Location: Cili Restaurant at Bali Hai Golf Club, 5160 Las Vegas Blvd. South, Las Vegas Information: Visit nvawma.org NVAWMA’s holiday mixer will feature cocktails, hors d’oeuvres, raffle prizes and a dinner buffet. The keynote speaker will be Christy Mock, operations specialist for Hyperloop One. Clark County Bar Association volunteer appreciation luncheon and annual meeting Time: Noon-1 p.m. Cost: $40 Location: Cili Restaurant at Bali Hai Golf Club, 5160 Las Vegas Blvd. South, Las Vegas Information: Call 702-387-6011 The event will feature State Bar of Nevada President Bryan Scott and the election 2017 CCBA executive board.
Johnson Advisors, and Mike PeQueen of High Tower Las Vegas. Topics to be discussed include setting post-retirement goals, assessing financial and mental readiness to exit the business, considering exit options and more. Certified Commercial Investment Member Southern Nevada holiday luncheon Time: 11:30 a.m.-1:30 p.m. Cost: Free for CCIM members and chapter sponsors; $75 for nonmembers Location: Four Seasons, Acacia Ballroom, 3960 Las Vegas Blvd. South, Las Vegas Information: Visit snccim.org Connect with CCIM members and local industry professionals. Attendees are encouraged to bring donations for John S. Park Elementary School. Nevada Policy Research Institute Holiday Open House Time: 4-7 p.m. Cost: Free Location: NPRI Office, 7130 Placid St., Las Vegas Information: Call 702-222-0642 Join the NPRI to celebrate the end of a successful year. Coffee, tea and cookies will be served. Children are also welcome to attend the event.
FRIDAY, DECEMBER 16
AIA Nevada Excellence in Design distinguished service awards and holiday gala Time: 6 p.m. Cost: $125 Location: Ballroom at the Four Seasons, 3960 Las Vegas Blvd. South, Las Vegas Information: Visit aialasvegas.org Celebrate the holiday season, honor award recipients and toast the new year at the American Institute of Architects’ black-tie optional event.
Fall 2016 Senior Design Awards Luncheon Time: 11 a.m.-1 p.m. Cost: Free Location: Thomas & Mack Center, Strip View Pavilion, 4505 S. Maryland Parkway, Las Vegas Information: Call 702-895-3281 Winners from the Fall 2016 Fred and Harriet Cox Senior Design Competition will be recognized and awarded for their product prototypes judged Dec. 7.
THURSDAY, DECEMBER 15
SATURDAY, DECEMBER 17
Roadmap to Success Time: 7:30-9:30 a.m. 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 This workshop will cover “Business Transition Planning,” presented by Gary Johnson of
HCC VIP tailgate party and networking at Las Vegas Bowl Time: 10 a.m.-4 p.m. Cost: $100 Location: Sam Boyd Stadium, 7000 E. Russell Road, Las Vegas Information: 702-565-8951 This Henderson Chamber of Commerce networking event includes a complimentary brunch menu as well as two drink tickets.
Conventions
expected Show Location Dates attendance
California Hospice and Palliative Care Association Hospice Regulatory Boot Camp
Bellagio
Dec. 12-13
150
Casualty Actuarial Society Casualty Loss Reserve Seminar
Planet Hollywood
Dec. 12-16
180
Las Vegas Holiday Classic HS Wrestling Tournament
South Point
Dec. 16-17
3,500
Straight From Heaven World SKATE Tour
Cashman Center
Dec. 19
200
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VEGAS INC dec. 11-dec. 17
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Records and Transactions BANKRUPTCIES CHAPTER 7 Artfrica LLC Series 1 6886 Sky Point Drive, Suite 2060 Las Vegas, NV 89131 Attorney: Russell D. Collings at russell@osclawyers.com
Bid Opportunities december 14 2 p.m. Nonemergent patient transport University Medical Center, 2016-16 Ashley Kordestani at ashley.kordestani@umcsn.com
December 15 2:15 p.m. Clark County Public Works multiuse center Clark County, 604252 Sandy Moody-Upton at scm@ clarkcountynv.gov
December 19 3 p.m. One-time purchase of aluminum shelters Clark County, 604286 Adriane Garcia at akgarcia@clarkcountynv.gov 3 p.m. Annual requirements contract for firefighter boots Clark County, 604242 Sandra Mendoza at sda@clarkcountynv.gov
Brokered transactions Sale $1,220,000 for 9,557 SF, Retail 210 North Boulder Highway, Henderson 89015 Landlord: WPI-Lake Boulder, LLC Landlord agent: Christopher LoBello of Colliers International Tenant: Southpoint Apartment Inc. Tenant agent: Did not disclose
BUSINESS LICENSES AA SMT Investments License type: Management or consulting service Address: 8670 W. Cheyenne Ave., Suite 120, Las Vegas Owner: Maria Bernal, Sergio A. Torres and Sergio Torres Accent Cabinetry and Flooring License type: Contractor Address: 145 N. Gibson Road, Suite A, Henderson Owner: RLS Services Addicted Realty License type: Short-term residen-
tial rental Address: 505 Cragin Park Drive, Las Vegas Owner: Yorgho Triantaphyllou, Kenneth Calder, Andrew Suriano and George Anderson Air Time License type: Contractor Address: 71 N. Pecos Road, Las Vegas Owner: Pro Dash American Precision Construction License type: Contractor Address: 2949 Rain Lily Court, Las Vegas Owner: American Precision Construction Aqua Pure Pool Service License type: Pool and spa cleaning service Address: 5884 Amangani St., North Las Vegas Owner: Aqua Pure Arthritis Foundation Pacific Region Las Vegas Chapter License type: Nonprofit community services Address: Did not disclose Owner: The Arthritis Foundation Berggren Commercial Real Estate License type: Real estate firm Address: 1925 Village Center Circle, Suite 150, Las Vegas Owner: Shelly Dunbar and Dana Berggren Better Sight Savers License type: General retail sales Address: 1815 W. Charleston Blvd., Suite 1, Las Vegas Owner: Grady Williams Big Karl Ventures License type: Marketing/consulting Address: 2245 Lucerne Drive, Henderson Owner: Big Karl Ventures Boqueria Street License type: Mobile food vendor Address: 3850 E. Desert Inn Road, Las Vegas Owner: Stubborn Gourmet Bradley R. Cook License type: Independent massage therapist Address: Did not disclose Owner: Bradley R. Cook Breakaway Cycling License type: Nonprofit community services Address: Did not disclose Owner: Joanna Piette Brighton Hospice Nevada License type: Residential home care provider Address: 1180 N. Town Center Drive, Suite 100, Las Vegas Owner: Thomas Godfrey and Erin Bennett
Burgos Shine Mobile Detailing License type: Automobile detailing Address: 5106 Tropical Rain St., Las Vegas Owner: Miguel Angel Burgos Jr. Cardtronics USA License type: Automated teller operator Address: 6801 W. Charleston Blvd., and 850 N. Decatur Blvd., Las Vegas Owner: Michael Keller and J. Chris Brewster Cash Depot License type: Automated teller operator Address: 6310 W. Charleston Blvd., Las Vegas Owner: David Charles Channell Dixson License type: Door-to-door solicitor and peddler Address: 2675 Windmill Parkway, Suite 3123, Henderson Owner: Channell Dixson Char Products License type: Manufacturing Address: 2915 Losee Road, North Las Vegas Owner: Char Products Club Pilates Las Vegas License type: Pilates studio Address: 10525 S. Eastern Ave., Suite 140, Henderson Owner: Ezdonn Comanche Residential Services License type: Handyman/maintenance services Address: 1013 Elliot Park Ave., North Las Vegas Owner: Climate Control Consultants Consuelo License type: Independent massage therapist Address: Did not disclose Owner: Consuelo Manzano Cota License type: General retail sales Address: 1717 S. Decatur Blvd., Suite B42, Las Vegas Owner: Cota David Garcia License type: Door-to-door solicitor and peddler Address: 6355 S. Durango Drive, Suite 1170, Las Vegas Owner: David Garcia Demand Media License type: General retail sales Address: 1655, Suite 26th St., Las Vegas Owner: Daniel Weinrot, Rachel Glaser, Richard Rosenblatt, Charles Hilliard and Sean Moriarty Detour Studio License type: Barbershop and cosmetology establishment
Address: 400 College Drive, Suite H, Henderson Owner: Susan K. Stoker Discount Air Conditioning & Heating License type: Air conditioning repair Address: 2718 Highland Drive, Las Vegas Owner: Earl G. Shaw III Discovery Mind Center License type: Professional services Address: 1408 S. Jones Blvd., Las Vegas Owner: Matthew O. Okeke Duarte’s Taxes & General Services License type: Business support Address: 3320 Sunrise Ave., Suite 106, Las Vegas Owner: Yovannis Duarte and Katia Duarte Edward E. Vargas Attorney at Law License type: Professional services Address: 1511 S. Maryland Parkway, Las Vegas Owner: Edward Eligio Vargas Elite Care Home Health License type: Home health services Address: 5024 Alta Drive, Las Vegas Owner: Elite Care Home Health Elite Custom Window Treatment License type: Custom window treatments Address: 10120 S. Eastern Ave., Suite 115, Henderson Owner: Elite Custom Window Treatment Fashion Evolution License type: General retail sales Address: 4211 W. Sahara Ave. A, Las Vegas Owner: Yunier Leyva Gonzalez Norona Fine Designs Northwest License type: General retail sales Address: 16550 W. Valley Highway, Las Vegas Owner: Guga Sportswear First Quality Cleaning License type: Repair and maintenance Address: 320 E. Charleston Blvd., Suite 104, Las Vegas Owner: Christopher Ellis and Ambrose Wilson Flag Circle Properties License type: Short-term residential rental Address: 1509 Flag Circle, Las Vegas Owner: Flag Circle Properties Freddie Ramon Design Fine Art Furnishings License type: General retail sales Address: 1025 S. First St., Suite 170, Las Vegas Owner: Freddie Ramon
Freeform LLC License type: Manufacturing, light assembly and fabrication Address: 2123 Western Ave., Suite 3, Las Vegas Owner: Aaron Miller and Cierra Pedro Gary Nick Kruskall License type: General services Address: Did not disclose Owner: Gary Kruskall GRD Law Group License type: Professional services Address: 1820 E. Sahara Ave., Suite 210, Las Vegas Owner: GRD Law Group Gustavo Lawn Services License type: Residential property maintenance Address: Did not disclose Owner: Gustavo Villalpando Zarate and Martha E. Vasquez Harvey Entertainment License type: General services Address: Did not disclose Owner: Jonathan Harvey and Lisa Harvey Heavenly Cleaning & Maintenance License type: Repair and maintenance Address: 3390 Cloverdale Court, Las Vegas Owner: Faded Records Hites Crematory License type: Cremation of deceased human remains Address: 1961 Whitney Mesa Drive, Henderson Owner: Hites Enterprises Hong Yang License type: Independent massage therapist Address: 1690 W. Sunset Road, Suite 102, Henderson Owner: Hong Yang House of Herbs License type: Outside MME - MME Address: 6455 Dean Martin, Suite G, Las Vegas Owner: Las Vegas Natural Caregivers Hummus House License type: General retail sales Address: 2606 S. Durango Drive, Suite 143, Las Vegas Owner: Hannyer Silva and Luis Nieto I Was Maid For You License type: Repair and maintenance Address: 3116 E. Flamingo Road, Suite 103, Las Vegas Owner: Dina Colquitt Imagine Adventures Las Vegas License type: General retail sales Address: 450 Fremont St., Suite 250, Las Vegas Owner: Jonathan Borchetta
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VEGAS INC dec. 11-dec. 17
Records and Transactions Instant Pain Relief License type: Massage equipment sales Address: 1300 W. Sunset Road, Henderson Owner: Outlander Jay De Guzman License type: Real estate sales Address: 9420 W. Sahara Ave., Suite 100, Las Vegas Owner: Jay De Guzman JE Apparel License type: Manufacturing, light assembly and fabrication Address: 71 Spectrum Blvd., Las Vegas Owner: Sang O. Kim and Esther Yoo Jennily Guiting Diaz License type: Real estate sales Address: 10000 W. Charleston Blvd., Suite 130, Las Vegas Owner: Jennily Guiting Diaz Jim Pickett Window Repairs License type: Property maintenance Address: 2858 Mahogany Grove Ave., Henderson Owner: James Richard Pickett John T. Holcombe License type: Insurance agency Address: 1160 N. Town Center Drive, Suite 370, Las Vegas Owner: John T. Holcombe Jorge L. Escobar License type: Automobile detailing Address: 6837 Jungle Fowl St., Las Vegas Owner: Jorge L. Escobar JV’s Mobile Upholstery & Alterations License type: General retail sales Address: Did not disclose Owner: Victoria White Kbrinkerhoff Enterprises License type: Interjurisdictional business Address: 5450 Stephanie St., Suite 110, Las Vegas Owner: Kbrinkerhoff Enterprises Knife Doctor License type: Knife sharpening and repair Address: 1334 Passiflora Drive, Henderson Owner: Corey Ercanbrack Las Vegas Low Voltage License type: Contractor Address: 1983 Whitney Mesa Drive, Henderson Owner: PC911 Law Office of Edward E. Vargas License type: Professional services Address: 1813 S. Eastern Ave., Las Vegas Owner: Edward Vargas Lendingpoint License type: Check cashing and
financial services Address: 871 Coronado Center Drive, Suite 200, Henderson Owner: Lendingpoint Leo the Handyman License type: Residential property maintenance Address: Did not disclose Owner: Leobardo Beltran Leo’s Lawn Service License type: Property maintenance Address: 8785 Arville St., Las Vegas Owner: Leopoldo Flores Leslie Melendez License type: Real estate sales Address: 9525 Hillwood Drive, Suite 120, Las Vegas Owner: Leslie Melendez Linda Gonzalez Johns License type: Independent massage therapist Address: Did not disclose Owner: Linda Gonzalez Johns Lindsey Rodriguez License type: Independent massage therapist Address: 3050 S. Nellis Blvd., Suite 2055, Las Vegas Owner: Lindsey Rodriguez Littler Mendelson License type: Law firm or law office Address: 3960 Howard Hughes Parkway, Suite 300, Las Vegas Owner: Littler Mendelson
Mariana’s Cleaning Services License type: Repair and maintenance Address: Did not disclose Owner: Mariana Urquidi Garcia
Mr. Honey Do Las Vegas License types: Personal assistant and property maintenance Address: 2700 Rimbaud St., Henderson Owner: Mr. Honey Do Las Vegas
Marketon Store 2 License type: Automated teller operator Address: 755 N. Nellis Blvd., Las Vegas Owner: Marketon
My Peak Wireless License type: General retail sales Address: 1732 E. Charleston Blvd., Las Vegas Owner: My Peak Wireless
Massage By Sara License type: Independent massage therapist Address: Did not disclose Owner: Sara Silveira
Na Shen License type: Real estate sales Address: 1820 E. Sahara Ave., Suite 101, Las Vegas Owner: Na Shen
Medical Marijuana of Las Vegas License type: Outside MME - MME Address: 3355 Aldebaran Ave., Las Vegas Owner: Medical Marijuana of Las Vegas
Nevada Gaming Partners License type: Automated teller operator Address: 2400 E. Bonanza Road and 4700 Meadows Lane, Las Vegas Owner: Familian Trust, Bruce Irving and Jon M. Athey
Medrano Pest Control License type: Exterminator Address: 4221 Totano Drive, North Las Vegas Owner: Ruben Medrano Meineke Center 2684 License type: Automotive garage Address: 2005 S. Decatur Blvd., Las Vegas Owner: D.E. Jones Inc. Michael K. Gann, Ph.D. License type: Social work, behavioral therapy business Address: 2580 Anthem Village Drive, Henderson Owner: Michael K. Gann, Ph.D.
Love Cloud License type: General services Address: Did not disclose Owner: Andrew Johnson
Minions Handyman Services License type: Trucking Address: 3060 Business Lane, Las Vegas Owner: Zomer
Lovo Cigars License type: General services Address: 707 Fremont St., Suite 2240, Las Vegas Owner: Egda Ramaz
MM Personal Business License type: General retail sales Address: 2901 W. Washington Ave. N112, Las Vegas Owner: Maria E. Quevedo
Luis Alfaro Lawn Services License type: Lawn maintenance Address: 3509 Booth St., North Las Vegas Owner: Luis Carlos Alfaro
Moneygram Payment Systems License type: Wire service Address: 1900 S. Jones Blvd., Las Vegas Owner: W. Alex Holmes and Steven Piano
Lusso Auto License type: Vehicle wraps and ceramic coating Address: 1241 American Pacific Drive, Suite 154, Henderson Owner: Lusso Auto
Mother’s Care Home Health Services License type: Home health services Address: 1412 S. Decatur Blvd., Las Vegas Owner: Mother’s Care Home Health Services
LV Flirtatious Flowers License type: General retail sales Address: 1610 E. Charleston Blvd., Suite 130, Las Vegas Owner: Secre Money Service LLC
Mr. Cleaner License type: Dry cleaning pick up Address: 10740 S. Eastern Ave., Suite 110, Henderson Owner: Mr. Cleaner
Las Vegas Owner: On the Blade Barbershop Orthopedic Motion License type: General retail sales Address: 3233 W. Charleston Blvd., Suite 203, Las Vegas Owner: Brittany Stryker Outlook Window Cleaning License type: Repair and maintenance Address: 647 Anne Lane, Las Vegas Owner: William R. Burling Peeyewpuppypoo License type: General services Address: Did not disclose Owner: Jamie Brown Prestige Car Wash License type: Automobile detailing Address: Did not disclose Owner: Deri M. Sanchez and Frinee Le Noir
Nevada Sign Builder License type: General retail sales Address: 5191 W. Charleston Blvd., Suite 190, Las Vegas Owner: Luis A. Cajueiro
Prestige Cleaning & Janitorial Services License type: Repair and maintenance Address: Did not disclose Owner: Deri M. Sanchez and Frinee Le Noir
Nevada Southern Realty License type: Real estate firm Address: 8704 W. Charleston Blvd., Suite 105, Las Vegas Owner: David R. Lemus and Paul D. Lemus
Prochoice Business Services License type: Automated teller operator Address: 1801 E. Charleston Blvd., Las Vegas Owner: Forefront Prospects
Nevada Tire City License type: Automotive garage/ service station Address: 400 Northbridge Lane, Las Vegas Owner: Jim Scheelers Nevada Tire City
Quickfix License type: General retail sales Address: 4300 Meadows Lane, Suite 5100, Las Vegas Owner: SNF
Newport Pacific Capital Co. License type: Real estate firm Address: 10080 Alta Drive, Suite 200, Las Vegas Owner: Clarke Fairbrother Nicholas Lightman License type: Door-to-door solicitor and peddler Address: 2021 Troon Drive, Henderson Owner: Did not disclose Nicholas S. Hardesty License type: Door-to-door solicitor and peddler Address: 9727 Ridgebluff Av, Las Vegas Owner: Nicholas S. Hardesty Northwest Pest Control License type: Property maintenance Address: 10878 Ickworth Court, Las Vegas Owner: Northwest Pest Control On the Blade Barbershop License type: Cosmetology Address: 1926 N. Decatur Blvd.,
Rachel’s Cosmetics License type: General retail sales Address: 4300 Meadows Lane, Suite 1120, Las Vegas Owner: Taimoor Khalid Ravealation License type: Professional promoter Address: 3301 Spring Mountain Road, Suite 12, Las Vegas Owner: Ravealation Right Now Maintenance License type: Residential property maintenance Address: 4835 N. Pioneer Way, Las Vegas Owner: Adam M. Zucker Sabai Dee Cafe License type: Food services or cafe Address: 332 W. Sahara Ave., Las Vegas Owner: Sabai Dee Cafe and Eric Lacksanamyxay Sales and Success License type: Management or consulting service Address: 1000 Stephanie Place, Suite 3, Las Vegas
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VEGAS INC dec. 11-dec. 17
your Business-to-business news Send your business-related information to news@vegasinc.com
Records and Transactions Owner: Shannon Wall San Salvador Restaurant License type: Restaurant Address: 2211 S. Maryland Parkway, Las Vegas Owner: San Salvador Santa Fe Station Hotel & Casino License type: Food services or cafe Address: 4949 N. Rancho Drive, Las Vegas Owner: NP Santa Fe Satya Welding License type: Manufacturing, light assembly and fabrication Address: Did not disclose Owner: Marissa Lee Harris SCC Janitorial Solutions License type: Residential property maintenance Address: 2018 Western Ave., Las Vegas Owner: Veronica J. Ferrer and Carlos Perez-Navarro Shepherd School of Language In Las Vegas License type: Instruction services Address: 1280 S. Jones Blvd., Suite 120, Las Vegas Owner: Layoung Kim Sheree Edwards License type: Real estate sales Address: 1211 E. Charleston Blvd., Las Vegas Owner: Sasseeladee Properties South Valley Landscape License type: Contractor Address: 4145 S. Grand Canyon Drive, Suite 105, Las Vegas Owner: South Valley Landscape Southwest Garage & Closet Design License type: Designer-draftsman Address: 3658 N. Rancho Drive, Las Vegas Owner: Southwest Garage & Closet Design Sparkle Grill Cleaning License type: Repair and maintenance Address: 6930 Paradise Road Unit, Suite 1090, Las Vegas Owner: Brian Wachter Stewart Market License type: Package Address: 2021 Stewart Ave., Las Vegas Owner: Sergio Haron Tere Beauty Salon License type: Cosmetology Address: 4211 W. Sahara Ave., Suite D, Las Vegas Owner: Maria T. Cortez De Amezcua The Barajas Group License type: Pro services Address: 4560 Donovan Way,
North Las Vegas Owner: The Barajas Group The Pew Headquarters License type: General retail sales Address: 3170 Polaris Ave., Suite 41, Las Vegas Owner: Breaking Brass The W W Williams Co. License type: Express or delivery service Address: 2680 Losee Road, Las Vegas Owner: Alan Gatlin Tienada Variedades License type: General retail sales Address: 1560 N. Eastern Ave., Suite K1, Las Vegas Owner: Cirilo Vazquez TLV Auto Repair & Off-Road Vehicles License type: Automotive garage/ service station Address: 2061 S. Rainbow Blvd., Las Vegas Owner: TLV Auto Repair & OffRoad Vehicles TNI The Network License types: Professional promoter, and Handbill and oral solicitation Address: 1810 E. Sahara Ave., Suite 100, Las Vegas Owner: Cheryl Allison and Steve Allison Trattoria Italia License type: Restaurant Address: 9905 S. Eastern Ave., Suite 140, Henderson Owner: Verita Nevada Restaurant Group Trex Cooling Tower License type: Contractor Address: 2625 S. Rainbow Blvd., Las Vegas Owner: Did not disclose Tropical Smoothie Cafe Nv42 License type: Restaurant/food court-service Address: 445 W. Craig Road, North Las Vegas Owner: Mvfeight Twenty47ATM License type: Automated teller operator Address: 4610 W. Sahara Ave., Las Vegas Owner: Joshua R. Works Vacation Hotpads License type: Short-term residential rental Address: 705 Vincent Way, Las Vegas Owner: Vacation Hotpads Vegas Homes and Fine Estates License type: Real estate firm Address: 1180 N. Town Center Drive, Suite 100, Las Vegas
Owner: Ashley Oakes-Lazosky Vegas Mobile Minister License type: General services Address: Did not disclose Owner: Janine Parrish Vegas Valley Motors Cars License type: Automotive sales with minor repair Address: 2411 Western Ave. A, Las Vegas Owner: Vegas Valley Motor Cars
BUILDING PERMITS $7,121,628, commercial - alteration 3214 Citizen Ave., North Las Vegas Sletten Construction of Nevada $3,204,345, commercial - alteration 1409 E. Lake Mead Blvd., North Las Vegas Affordable Concepts $549,900, construction & utilities 2901 Democracy Drive, Henderson City of Henderson $381,995, residential - custom 1123 Christian Road, Henderson Benjamin H. Venger Revocable Family Trust $282,795, residential - custom 1251 Lake Heights Court, Henderson DR Horton $229,563, residential - production 1541 Point Vista Ave., Henderson Greystone Nevada $214,758, residential - production 232 Punto Di Vista Drive, Henderson Greystone Nevada $203,113, residential - production x2 252 and 253 N. Milan St., Henderson DR Horton $194,126, onsite 4550 Nexus Way, North Las Vegas Target Construction $179,769, residential - production 236 Punto Di Vista Drive, Henderson Greystone Nevada $173,448, residential - production x2 937 and 946 Spring Haven St., Henderson Greystone Nevada $165,685, residential - production x2 2272 and 2280 Mundare Drive, Henderson DR Horton $164,021, residential - production 933 Spring Haven St., Henderson Greystone Nevada
$160,084, residential - production x3 929, 950 and 954 Spring Haven St., Henderson Greystone Nevada $157,755, residential - production 3191 Rowan Brook Ave., Henderson Greystone Nevada $156,258, residential - production x2 2268 and 2276 Mundare Drive, Henderson DR Horton $150,270, residential - production x2 1 and 3 Via Tiberina, Henderson Ryland Homes Nevada $141,287, residential - production 314 Divertimento St., Henderson Richmond American Homes of Nevada $139,568, residential - production 3188 Rowan Brook Ave., Henderson Greystone Nevada $134,910, residential - production 2284 Mundare Drive, Henderson DR Horton $132,788, residential - new x2 1213 and 1225 Cavern Ridge Court, North Las Vegas Pardee Homes of Nevada $130,700, residential - new 2102 Johnstown Ave., North Las Vegas Harmony Homes $130,197, residential - production x3 3187, 3195 and 3196 Rowan Brook Ave., Henderson Greystone Nevada $129,458, residential - new 1220 Cavern Ridge Court, North Las Vegas Pardee Homes of Nevada $129,039, residential - new 2509 W. Gilmore Ave., North Las Vegas Richmond American Homes of Nevada $128,778, residential - new x2 1212 and 1217 Cavern Ridge Court, North Las Vegas Pardee Homes of Nevada $128,755, residential - production 388 Ambitious St., Henderson Ryland Homes Nevada $126,592, residential - production x2 3183 and 3192 Rowan Brook Ave., Henderson Greystone Nevada $123,210, residential - production 285 Legno Court, Henderson
Richmond American Homes of Nevada $122,156, residential - production x2 3223 and 3232 Alpine Aster Ave., Henderson Greystone Nevada $116,001, residential - production 366 Pretissimo Lane, Henderson Richmond American Homes of Nevada $113,501, residential - new x2 1216 and 1221 Cavern Ridge Court, North Las Vegas Pardee Homes of Nevada $112,841, residential - production x2 2265 and 2277 Sky Island Drive, Henderson DR Horton $112,841, residential - production x2 2449 and 2490 Fanano St., Henderson KB Home Inspirada $108,411, residential - new 2099 Johnstown Ave., North Las Vegas Harmony Homes $107,296, residential - production 2273 Sky Island Drive, Henderson DR Horton $102,527, residential - production 721 Gorringe Ridge Court, Henderson KB Home LV Pearl Creek $101,751, residential - production 2269 Sky Island Drive, Henderson DR Horton $100,586, residential - production 3228 Alpine Aster Ave., Henderson Greystone Nevada $100,475, residential - production 3157 Via Tellaro, Henderson KB Home Inspirada $100,420, residential - production 850 N. Water St., Henderson Ryland Homes Nevada $94,210, residential - production 3227 Alpine Aster Ave., Henderson Greystone Nevada $91,160, residential - production 984 Harbor Ave., Henderson KB Home LV Pearl Creek $88,110, residential - production 3228 Brescia Bank Ave., Henderson KB Home Inspirada
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Happy Holidays CC M CC M Wishing you a season of health, happiness and prosperity as you embark upon the year of the rooster. Thank you for your business and support. We look forward to many more years of continued success and partnership.
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22
VEGAS INC
your Business-to-business news
dec. 11-dec. 17
Send your business-related information to news@vegasinc.com
The List
Category: commercial real estate developers (Ranked by total square feet developed as of Nov. 30)
Company
Year established locally
Total square footage of local completed properties
Percent that is office space
Percent that is industrial space
Percent that is retail space
Square footage of local properties under construction
Top executive
1
Harsch Investment Properties 3111 S. Valley View Blvd., Suite K-101 Las Vegas, NV 89102 702-362-1400 • harsch.com
1995
9.1 million
10
85
5
240,000
John Ramous, senior vice president, regional manager, Las Vegas
2
Majestic Realty Co. 4050 W. Sunset Road, Suite H Las Vegas, NV 89118 702-896-5564 • majesticrealty.com
1994
5 million+
10
89
1
295,500
Rod Martin, senior vice president
3
EJM Development Co. 7140 Dean Martin Drive, Suite 1200 Las Vegas, NV 89118 702-597-1852 • ejmdevelopment.com
1994
3.3 million
8
91
1
0
Susan Wincn, vice president, Nevada Properties
4
Prologis 3800 Howard Hughes Parkway, Suite 1250 Las Vegas, NV 89169 702-891-9292 • prologis.com
1998
8.7 million
0
100
0
1,129,160
Jeff Foster, vice president - market officer
5
Impact Development 3275 S. Jones Blvd., Suite 105 Las Vegas, NV 89146 702-363-4788 • impactlv.com
2003
2.34 million
38
0
62
0
Jeff Susa, owner/ developer
6
Juliet Companies 8375 W. Flamingo Road, Suite 200 Las Vegas, NV 89147 702-368-5800 • julietcompanies.com
1986
2.29 million
7
27
66
430,000
John Stewart, principal
7
Grand Canyon Development Partners 6841 S. Eastern Ave. Las Vegas, NV 89119 702-492-5300 • grandcanyoninc.com
2011
183,000
0
0
40
194,000
Sam Nicholson, president
8
Brass Cap Development 5960 S. Rainbow Blvd., Suite 300 Las Vegas, NV 89118 702-848-2222 • brasscap.com
2014
85,000
0
100
0
85,000
Mike Chernine, partner
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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