vegasinc.com | march 26 - april 1
An Albertsons store at Blue Diamond Road and Buffalo Drive is taking shape where a Vons grocery shell was constructed and stood vacant for years. (L.E. Baskow/staff)
Anchors away Strip malls weather the uncertainty of the grocery industry BY DANIELLE BIRKIN | SPECIAL TO VEGAS INC
Closures, acquisitions, consolidation and specialization have besieged the grocery-store industry in recent years, leaving a profusion of vacant big-box spaces across Southern Nevada. Without the traditional supermarket anchor and associated foot traffic, suburban strip malls have faced serious troubles, leading to declining business and even anchors, Continued on page 15
65%
Share of Americans who said they would try meat grown in a laboratory, rather than on a farm, according to an online survey by Amazon Mechanical Turk.
$3.4M
Cost of a single Patriot surface-to-air missile. According to Gen. David Perkins, an unnamed U.S. ally recently used one of these to shoot down a $200 consumer quadcopter.
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MARCH 26-APRIL 1
CONTENTS GROUP PUBLISHER Gordon Prouty ASSOCIATE PUBLISHER Breen Nolan
NOTEWORTHY STORIES
05 06 18 Q&A WITH ANGELA TURRICIANO OTTO
A commercial real estate attorney with Brownstein Hyatt Farber Schreck talks about being assertive and ambitious professionally, her appreciation for Las Vegas beyond its entertainment scene, and her sense of pride in watching the success of the Smith Center. THE NOTES People on the Move, P4
MEET LOGIC COMMERCIAL REAL ESTATE
CEO Brendan Keating founded the firm with Sean Margulis, Jason Otter, Chris Richardson, Agus Alamsjah and Adam Malan, and their deep ties to the region have helped them put a stamp on Southern Nevada. TALKING POINTS The evolution and rise of the southwest valley, P7
DATA AND PUBLIC INFORMATION
A listing of local bankruptcies, bid opportunities, brokered transactions, business licenses and building permits. MORE VEGAS INC BUSINESS NEWS Calendar: Happenings and events, P17 The List: Commercial real estate brokers, P22
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(COURTESY OF UNLV ATHLETICS)
VINTAGE VEGAS: REBELS DEBUT IN FINAL FOUR Forty years ago, the UNLV basketball team reached the NCAA men’s basketball tournament Final Four for the first time. Dubbed the “Hardway Eight” by sports information director Dominic Clark because of their relentless style of play on both sides of the court, the Rebels compiled a 29-3 record in 1976-77. In the postseason, they beat San Francisco, Utah and Idaho State before losing by one point to North Carolina. They then beat UNC-Charlotte in the thirdplace game. Led by legendary coach Jerry Tarkanian, far left, UNLV would go on to appear in the Final
Four three more times — in 1987, 1990 and 1991 — and win the national championship in 1990. The team set an NCAA record for most points scored in a season (3,426), including 23 games in which it scored at least 100, also a record. Pictured here is the 1976-77 UNLV team in front of the Las Vegas Convention Center, where the Rebels played before the Thomas & Mack Center was built. The facility had a capacity of 6,500 seats. The team was inducted into the UNLV Athletics Hall of Fame in 1987. — REBECCA CLIFFORD-CRUZ
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Building Community. The philosophy of Gardner Company is to build great relationships. We achieve this by partnering with people and companies with the highest of standards to benefit our clients, our communities, and the environment. Our ability to deliver quality projects is the key reason for our success. This is done by providing professional service through every aspect of the development process. That’s office, retail, industrial and medical building development done right for more than 38 years. For more information about our ongoing developments, please visit GardnerCompany.net.
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the notes: commercial real estate
march 26-april 1
Send your business-related information to news@vegasinc.com
Accurate Building Maintenance, owned and operated by Rebecca and Ron Finken, earned the Cleaning Industry Management Standard (CIMS) green building certification with honors by demonstrating a commitment to the delivery of environmentally preferable services designed to meet customer needs and expectations. The Gardner Co.’s Dan Stewart, vice president of development in Southern Nevada, was appointed to the Colorado River Commission of Nevada. Also Gardner, master developer for the UNLV Harry Reid Research and Technology Park, selected Rice Reuther Sullivan & Carroll to provide legal counsel. KTGY Architecture + Planning and Toll Brothers received top honors at the Best In American Living Awards gala. The Wakefield plan at Regency at Summerlin in Las Vegas received the Platinum Award for “Best Senior Housing, Single Family.” Thad Lawrence is vice president of preconstruction services at Burke Construction Group. SR Construction finished construction on Poet’s Walk Henderson, a memory care facility that helps those suffering from diseases such as dementia and Alzheimer’s. It features 24-hour nursing care and customized programs to promote socializing and wellbeing for residents. Carol Cline-Ong is the vice president of membership for Commercial Real Estate Women Las Vegas. Cline-Ong is the CEO of the MDL Group. Natalie Allred is CREW’s vice president of sponsorship. She is a vice president and broker for the Equity Group. Dan Palmeri, senior director at Cushman Wakefield Commerce, is CREW’s vice president of programs. Incumbent president Leslie Becker, of Lawyer Trane, will retain the role for the first six months of 2017. President-elect Natalie Wainwright of Cushman Wakefield Commerce will take over and serve as the commercial alliance advisory member. Other CREW board members are Mindy Kermes, vice president, senior business relationship manager at Wells Fargo Bank, serving as vice president of finance; and Kelly Connery from Orbis Solutions, serving as secretary. Marketing and public relations will be headed by Judi Hanf of NewMarket Advisors. Gina Tarantino, also from Wells Fargo Bank, is immediate past president. Positions added to the CREW board are community outreach, chaired by Alicia Syverson, business development manager with Steamatic Restoration of Southern Nevada; and special events, headed by Melissa Campanella of Logic Commercial Real Estate. The National Association of Real Estate Bro-
kers’ 2017 board of directors include president Shanta Patton, Realty One Group; vice president Ashley Bowman, Urban Nest Realty; executive vice president Veronica Torres, First American Title Co.; treasurer Marcella Quezada, Monarch Property Management; immediate past president Brian Holifield, Clear Sky Realty; director Toni Rocco, AmeriFirst Financial; director Kathy Freeman, Neighborhood Housing Services of Southern Nevada; director Vanessa Burke, Realty One Group; director Zain Burke, Realty One Group; and director Sharday Rhodes, Universal American Mortgage Co. Ashraf Hamad is a senior project engineer at Kai Design & Build. The Siegel Group Nevada completed the sale of the Rumor Boutique Resort for $18 million. The buyer was a China-based international investment group. The Rumor brand will remain owned by the Siegel Group Nevada. Desert Grown Farms opened a 54,000-squarefoot pharmaceutical-grade cultivation and processing facility for marijuana that is expected to produce more than 20 strains and 10,000 pounds of cannabis per year. NAIOP Southern Nevada, the commercial real estate development association, announced its 2017 board of directors and officers. They are president Jay Heller, Heller Cos.; president-elect Jeff Foster, Prologis; secretary Jennifer Levine, Cushman & Wakefield Commerce; treasurer Rod Martin, Majestic Realty; and past president Mike Shohet, Jones Lang LaSalle. The 2017 directors are Jody Walker Belsick, Kimley-Horn and Associates; Julie Cleaver, the Howard Hughes Corp.; Shawn Danoski, DC Building Group; Brendan Egan, Dermody Properties; George Garcia, G.C. Garcia Planning & Development Services; Jeff LaPour, LaPour; Adam Malan, Logic Commercial Real Estate; Mike Mixer, Colliers International; John Restrepo, RCG Economics; and Jennifer Turchin, Coda Group. DC Building Group is the general contractor for Chevron and Liberty Tech & Tire at 770 E. Horizon Drive in Henderson. The 6,158-square foot project is owned and developed by Huran Rashid. Suzana Rutar Architects is the architect of record and DC Building Group’s Kevin Raffiani is project superintendent. TH Real Estate, an investment affiliate of Nuveen (formerly known as TIAA Global Asset Management), acquired an 85 percent interest in Town Square Las Vegas on behalf of its T-C US Super Regional Mall Fund. The remaining 15 percent
TOBY AWARDS Winners at the Building Owners and Managers Association TOBY (The Outstanding Building of the Year) awards include: n Government
Building Award: City of Henderson, North Community Police Station n Industrial Office Building Award — Sierra Commerce Park n Medical Office Building Award — Spring Valley Medical Office II n Retail Award — The District at Green Valley Ranch n Suburban Office Park — The Canyons n Office Building Under 100,000 Square Feet Award — Regent Partners n Office Building 100,000-249,999 Square Feet Award — The Gramercy n Light Retail Award — The Las Vegas Outlet Center Annex n Pioneer Award — Republic Services Southern Nevada Recycling Center n Principal Member of the Year — Caroline Chavez n Associate Member of the Year — Chris Fleharty n Board Member of the Year — Natasha Conner n The President’s Award — Michael DiFabbio n RPA of the Year — Stacy Blattner
interest is being acquired by Chicago-based Fairbourne Partners. TH Real Estate previously acquired a 49.9 percent stake in the Grand Canal Shoppes and a 50 percent stake in Fashion Show from owner General Growth Properties. Thomas & Mack executives named a park at the McCarran Center after Dan Palmeri, senior director at Cushman & Wakefield Commerce, to thank and honor his tenant representation work. Palmeri leased more than 200,000 square feet in six buildings at the 100-acre business park. The Palmeri Park will be a green space between four office buildings. Participants in the 2017 LeadershipNVAR class, run by the Nevada Association of Realtors, include: Tom Blanchard, Lisa Cobb, Tamra Coulter, Stephanie Dibbs, Jerome Johnson, Tim Kelly Kiernan, Alex Malenkina, Rebecca McKenna-Inman, and Merri Perry, all of Las Vegas. Distill opened its third location at 6430 N. Durango Drive. Jaburritos is open at the Linq Promenade.
SUCCESS.TOGETHER. THE COMMUNITY’S CHOICE FOR :
702.385.5544 | NVFIRM.COM | LOCATED IN TOWN SQUARE
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march 26-april 1
Q&A with Angela Turriciano Otto
Attorney has hands in city’s sports, arts scenes Angela Turriciano Otto, a shareholder at the law firm Brownstein Hyatt Farber Schreck, is at the center of one of the most ambitious and potentially impactful real estate deals in the state’s history. As Nevada counsel to the Las Vegas Stadium Authority, in connection with the development of a $1.9 billion, 65,000-seat domed stadium, Otto plays a major role in bringing the Oakland Raiders to town. NFL owners are expected to vote as early as this week on the team’s proposed move. What is the best business advice you’ve received? To ask for what you want. I think women have the tendency to be less aggressive about the advancement of our careers and shy away from pushing for promotions, raises and new opportunities when they arise. The firm’s Women’s Leadership Initiative — which works to promote programming and topics designed to help Brownstein women succeed — has been a great catalyst for my continued effort to recognize my own success and professional drive. That, combined with natural mentors at Brownstein, such as Ellen Schulhofer, continues to motivate me to work hard and celebrate those successes along the way. If you could change one thing about Southern Nevada, what would it be? I would change the perception that Angela Turriciano Otto, an attorney with Brownstein Hyatt Farber Schreck, was Las Vegas is only a party city. While on the ground floor of the negotiations to build the Smith Center for the Performing we have world-class entertainment, Arts and continues to advise the center on real estate matters. (STEVE MARCUS/staff) restaurants and attractions along the loved taking advantage of Clark CounI’d love to see decision makers in the Strip, living in Las Vegas encompasses ty’s many impressive parks and playstate reach out to other communities so much more than most people realing there. But on special occasions, we for ideas on moving forward, realizing ize. A lot of people don’t see the burplug into the city’s mainstream enterthat these issues may not be unique to geoning professional and business tainment for their favorite activities: just Nevada. community that drives Las Vegas, a ride on the New York-New York rolland how much business in the area er coaster, games in the arcade and an What has been your most excithas evolved. Business owners, and the afternoon visit to Shake Shack. When ing professional project? community as a whole, are becomyou have kids, you really appreciate I am particularly proud of my work ing increasingly more sophisticated. having the full spectrum of fun at your on the Smith Center for the PerformIt really is a great community to be a fingertips. ing Arts. Initially, I negotiated the part of. development agreement and ground Where do you see yourself in lease with the city for the design, conWhat’s the biggest issue facing 10 years? struction and operation of the center. Southern Nevada? I see myself continuing to naviOver the past few years, I have continEducation is the dominant isgate the unknown, exciting evolution ued to advise the center on real estate sue facing our region and plays into of my field and life. On the profesmatters, including the sublease with many of the other challenges facing sional side, it’s hard to predict where the children’s museum and the chamthe state. That’s not to downplay the commercial real estate will be in 10 ber of commerce. It’s been wonderful other important causes in need of adyears, though I look forward to seeto see how the center has improved dressing. Southern Nevada — and the ing how developments in technology and enhanced the arts culture in Las people working to make it better — will affect the practice. Personally, in Vegas. As the center celebrates its fivefaces an issue of prioritization and not 10 years I’ll be an empty-nester and year anniversary, it’s been an honor to knowing which issue to tackle first should really have time to explore my sit on its board of advisers as well. because they’re all so interconnected. own hobbies and travel, which will be From water to education to transporanother exciting evolution. What’s your favorite place to tation infrastructure to the diversihave fun in Las Vegas? fication of the economy, each hand What is your dream job outside When my kids were younger, we has to know what the other is doing.
of your current field? I joke with my clients that if I weren’t an attorney, I’d be a florist. But, honestly, I’m not sure I have the artistic eye for it and I think I’d be much better suited to having my own bed and breakfast, especially since I could draw on so much of my current experience working with clients in the hospitality industry. Whom do you admire? I admire anyone with entrepreneurial spirit. My field tends to be more risk averse, so I find it really inspiring when small-business owners have the gumption to strike out on their own in pursuit of something they’re passionate about. It makes me feel fortunate that Brownstein marries the two environments: the stability of a legal practice with the freedom for attorneys to approach business in their own way. What is your funniest or most embarrassing work story? Once, I was working on a deal and had to meet a representative from the other side at Treasure Island. This was pre-LinkedIn and Facebook, so I wasn’t able to see what he looked like before our meeting and didn’t know how I’d find him. When I said as much, he said he’d send me an email with his photo to help — and promptly sent a shot of Brad Pitt. What would you say is your biggest pet peeve? I don’t have a lot of pet peeves, but probably people who don’t try or only put in the minimum effort to get their work done. Just as I find it really inspiring when people show a high level of commitment, the lack of it can rub me the wrong way. What is something that people might not know about you? I originally went to law school without the intention of becoming a lawyer. I had a business degree and thought a law degree would help me navigate the business world, but it ended up being the opposite.
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get to know a local business
march 26-april 1
Send your business-related information to news@vegasinc.com
‘Approach each transaction based upon logic, not emotion’ VEGAS INC STAFF
The owners of Logic Commercial Real Estate have deep roots in Las Vegas. In fact, CEO Brendan Keating’s great-grandparents moved to Second Street (now Casino Center Boulevard) in 1936, when the town’s population was approximately 7,500. Keating founded Logic in 2015 with Sean Margulis, Jason Otter, Chris Richardson, Agus Alamsjah and Adam Malan, and the firm has been part of hundreds of millions of dollars in transactions since. In the process of building out a new office space, the team shared perspective on its work and vision for the valley. Describe your business.
Logic is a real estate company offering a balanced and assertive market approach to client services, which include commercial real estate brokerage, property management, and capital markets and development services.
Logic Commercial Real Estate
Who are your customers?
Clients include institutional investors and property owners, national and regional The owners of Logic Commercial Real Estate are Sean Margulis, front left, Jason Otter, front right, and tenants, private equi- standing from left, Chris Richardson, Brendan Keating, Agus Alamsjah and Adam Malan. (STEVE MARCUS/StAFF) ty funds, family offices, entrepreneurs and One concern about Las Vegas is its natural appeal to How can Nevada improve its business climate? high-net-worth indithe gambler mentality — those seeking significant reWe believe diversification of industry will not viduals. We represent turns over the short term. Our preference is to attract only improve the commercial real estate business more than 30 nationagents, staff and clients who are focused on building climate but also greatly minimize the economic al/regional tenants, long-term relationships, developing strong partnerhardships experienced in 2008. including Starbucks, ships, and who are devoted to achieving lasting career Houston was founded in 1837 with an economy 99 Cent Only, Maggiano’s, Chili’s and Café Rio, as well success. Value-based investing takes hard work and centered on the oil industry. In the 1980s, the as institutional clients such as LNR Partners, Starwood patience. Consistent, considerate and calculated daily once-blossoming city suffered from an economic and Rialto Capital. work produces the most gratifying and best results. crisis that crippled the oil industry and damaged its entire economy. Fast-forward to the present, and our low oil-price environment, and Houston What’s the most important part of your job? What is the best part of doing business here? appears to have weathered the storm with less When serving clients, approach each transaction The entrepreneurial and opportunistic nature of the negative effect due to its focus on diversifying lobased upon logic, not emotion. We love this quote residents. With most of our families being in Las Vecal industry. from the Navy SEALs — “The ability to control my gas for many generations, we have deep roots with the Las Vegas was established in 1905, and while emotions and my actions, regardless of circumstanccore individuals who helped create this town. The core Houston has a 68-year head start, we can learn from es, set me apart from other men.” group of people who helped build Las Vegas were such a its example, because there will be another recession, tight-knit group of businesspeople, and we are thankful and Nevada needs to be better prepared. to have deep-rooted relationships with them. What is tough about doing business in Las Vegas? Address: 3900 S. Hualapai Way, Suite 200, Las Vegas Phone: 702-888-3500 Email: info@logiccre.com Website: logiccre.com Hours of operation: 8 a.m.-5 p.m. Monday through Friday CEO: Brendan Keating In business since: Aug. 20, 2015
YOUR ACCESS MATTERS.
Bank of Nevada, a division of Western Alliance Bank. Member FDIC.
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On Thomas Moore’s lasvegassun.com story “Las Vegas sees record tourism, visitor spending in 2016”: Las Vegas is no doubt one of the most beautiful cities on earth. Nothing can touch the evening lights of the city emerging and illuminating at sunset. The shows and dining offered here make Vegas the capital of entertainment. — Timehascome On Thomas Moore’s lasvegassun.com story “Therapy, Vegas-style: Hospital offers slots”: There are many “games” that have been developed by serious people that are designed to do what these video poker games are being misused for. This use of video poker for this type of therapy is beyond comprehension. — Rex Stock On Adam Candee’s lasvegassun.com story “Room-tax money for stadium starts to flow before Raiders’ move finalized”: Those who are concerned can find ways to minimize it. Looking at a random five casinos for next Thursday night, here are the results: Luxor $44, Paris $69, Flamingo $45, Mandalay Bay $72, Treasure Island $62. The surcharge for these hotels would range from 38 cents to 63 cents per night. Granted, rooms are more costly on weekends, but if spending an additional $1.50 on taxes is an issue, then there are much cheaper options for you. — 360dunk Meanwhile, Nevada is dead last in the country in education, healthcare, pollution. — ME again
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The evolution and rise of the southwest valley
J
will consist of approximately 2,500 ust five years ago, the real estate guest column: multifamily apartment units. If all are market was in the depths of the Scott Gragson successful, we should see an influx of recession, and there was little roughly 5,000 new tenants in the immeconfidence it would ever rediate area who will most likely work and bound. Most projects had been mothballed, shop there — and send their children to the several new and there was no light to be seen for new development. charter schools that have opened in the area in the past A couple of years later, confidence in the southwest valtwo years as demand has increased. ley was on the rise, and a new era in development dawned. Office, industrial and retail users have acquired and With the emergence of the 215 Beltway making the area developed — or are in the construction process on — more accessible to the resort corridor, McCarran Internamore than 200 acres of commercial property, consisting tional Airport, Green Valley and Summerlin, the southprimarily of corporate headquarters, furniture stores west valley continues to be ripe for new development. and automotive dealerships seeking high visibility and Beltway frontage. The Current Landscape Single-family homes are the biggest contributor to the changing landscape of the southwest valley. Builders acThe Future quired nearly 350 acres that will consist of approximately So what does the future hold for the southwest valley? 1,600 homes, housing an estimated 4,000 new people, I envision a mix of corporate offices with both “for sale” in the next couple of years. Development of these new and “for rent” residential product, built in a mixed-use homes already is approaching nearly 50 percent buildout environment — possibly a vertical structure of five or — a sign of heightened consumer demand after years of more stories, with podium parking. little to no new product. Now, the market has tipped in Hopefully, efforts to diversify the economy will make consumers’ favor. Lower land costs have allowed builders the next wave of development a true evolution in product to keep construction costs down and pass those savings design, as rising land costs coupled with a lack of land on to homebuyers. availability drive developers to introduce innovations That said, the favorable land prices ($375,000that foster the kind of “live, work, play” environment the $400,000 per acre) have caused something of a land rush, modern consumer craves. and not much remains for purchase by the private sector. Scott Gragson is executive vice president of the Las Vegas Multifamily developers acquired nearly 100 acres that land division at Colliers International.
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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Housing officials wary of proposed Trump cuts By yvonne gonzalez Staff Writer
Furloughs and reduced services for people in need of housing are some concerns of Nevada housing officials ahead of possible federal budget cuts. President Donald Trump’s proposed budget released this month beefs up Defense Department funding by $52 billion while asking for a 13.2 percent decrease in funding for the Department of Housing and Urban Development. The budget goes over funding for various federal departments without touching on issues such as tax reform measures. HUD cuts total about $6.2 billion under Trump’s plan. His budget blueprint would eliminate funds for the Community Development Block Grant program to save $3 billion. “The federal government has spent over $150 billion on this block grant since its inception in 1974, but the program is not well-targeted to the poorest populations and has not demonstrated results,” the budget says. The HOME Investment Partnerships Program and several others also would lose funding, saving $1.1 billion. North Las Vegas spokeswoman Delen Goldberg said “cuts to CDBG and HOME funds would be directly detrimental to the city in terms of housing
“That would be a huge loss to us. That would temper our ability to expand affordable housing, and we have a shortage of affordable housing.” — CJ Manthe, administrator for the Nevada Housing Division
and development programs.” “CDBG and HOME funds provide funding for housing rehab, housing development and other housing assistance programs in the city, especially for low- to moderate-income housing,” Goldberg said. “CDBG funds are also used for some infrastructure improvements and public facilities.” CJ Manthe, administrator for the Nevada Housing Division, said HOME funds accounted for $3 million annually for Nevada and were among the largest federal block grants that had allowed the state to expand affordable housing. “That would be a huge loss to us,” Manthe said. “That would temper our ability to expand affordable housing, and we have a shortage of affordable housing.” Manthe said Clark County would be among the hardest-hit areas if the budget cuts were approved. She said the county needed 157,355 affordable housing units, but only 31,870 were available.
“It’s really hard for families to find an affordable unit,” Manthe said. Manthe said assistance programs had full or lengthy waiting lists. She said budget reductions would “limit financial resources to help many of the Nevadans who are most vulnerable.” The good news, Manthe says, is that bond financing is being used to expand affordable housing through a publicprivate partnership, with project approvals for construction and preservation. “We just can’t build it fast enough,” she said. “One of the things that’s really great about Nevada right now is we’re going through an economic rebound,” she added, noting improvements in employment and jobs. “We do need to make sure that the housing needs are addressed as we go,” Manthe said. The Southern Nevada Regional Housing Authority has more than 11,000 housing choice vouchers and 2,700 public housing units, said agen-
cy oversight director Amparo Gamazo. She said HUD reductions were not new. “It’s going to be significant, and it’s going to be very difficult for us to keep up with the maintenance of existing public housing units,” she said. “Any cut is probably going to represent less services to clients and probably a reduction in force,” Gamazo said. The agency employs about 250 people. Gamazo said budget cuts led to two years of furloughs that ended in 2016. Employees took an unpaid Friday off every other week. “A lot of federal agencies have no other choice than to do that,” she said. “It’s a day without pay, a day closed. It was significant because we were not there providing services to our clients.” To save $35 million, the proposed budget ends allocations to the Capacity Building for Community Development and Affordable Housing program, which benefits affordable housing and community development organizations such as Habitat for Humanity. The proposed budget says these cuts promote fiscal responsibility and reduce efforts duplicated by groups in the private sector, among others. Funding would increase for mitigating hazards such as lead-based paint in low-income homes, up $20 million to $130 million.
Vape tax would ‘absolutely put us into bankruptcy,’ company warns By yvonne gonzalez Staff Writer
Business owners are pushing against a lawmaker’s bill to tax vapor products that contain nicotine. An excise tax of 5 cents per fluid milliliter of consumable product would be imposed if lawmakers were to pass Assembly Bill 269, sponsored by Assemblywoman Irene Bustamante Adams, D-Las Vegas. Members of an Assembly taxation committee heard comments for and against the measure at a recent meeting. Bustamante Adams said the bill was not about whether vapor products were healthier than tobacco products, but simply taxing a new product that’s come into the tobacco market through technology. Vapor products do not contain tobacco but often have varying levels of nicotine. “This is not a health bill,” Bustamante Adams said. “This is about a tax conversation.”
Bustamante Adams said the FDA would begin implementing regulations on vapor products and e-cigarettes, including a requirement going into effect Aug. 8 limiting purchases to buyers at least 18 years old. Nevada’s current excise tax charged on all tobacco products is $1.80 for a pack of 20 cigarettes or $2.25 for a pack of 25. Other tobacco products are at 30 percent of the wholesale price, which is what Bustamante Adams said she initially was going to propose for vapor products containing nicotine. She told members of the Assembly committee on taxation that she negotiated with industry representatives and decided to use the same tax rate that was implemented in North Carolina in 2014. Louisiana also uses this rate, she said. Bryan Wachter of the Retail Association of Nevada spoke in support. “We tax nicotine in the state of Nevada, and we should continue taxing
nicotine in all its new and evolved forms,” he said. Business owners and representatives of associations in the vapor product industry spoke against the measure. Some said there would be inequity under the tax when compared with tobacco taxes and that retailers such as gas stations that sell tobacco products would benefit. Opponents said consumers would be dissuaded from buying a product that could cost them $3 to $8 more, depending on the product size. William Wilson, CEO of eCig Distributors, said his business was moving to Nevada to avoid California’s recently approved vapor products tax starting in April, but this new measure would cost the company about $600,000 per month. Wilson says the business works with 850 suppliers in the United States and sells about 12 million milliliters of this liquid vaping product
per month. He said the proposed tax “would absolutely put us into bankruptcy.” Bustamante Adams said the tax was not intended to be onerous and she was open to other suggestions. Assemblyman Al Kramer, R-Carson City, was among those to point out the use of taxes as a tool to curb behavior, such as in gambling or drinking. Some business owners said that many turn to vapor products to quit smoking tobacco and that the tax would drive customers to traditional cigarettes. Concerns also were raised about customers turning to online sales to avoid in-state taxes, an issue Bustamante Adams said she hoped Congress would address. The Legislature’s Fiscal Analysis Division used North Carolina’s fiscal year 2016 collections on a per-capita basis to estimate that the tax in Nevada could generate about $1 million to start, maybe more.
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Room-tax money for stadium already being collected
Southern Nevada tourism numbers reach record highs in 2016
Deal sets stage for workers at Palace Station to unionize
By adam candee
By thomas moore
Staff Writer
By thomas moore
Staff Writer
The Oakland Raiders do not call Las Vegas home just yet, but Nevada’s public investment in the team’s proposed $1.9 billion stadium already is accumulating. A room tax increase dedicated to funding the state’s $750 million contribution toward building a 65,000-seat stadium to house a professional football team began collection March 1. Still, the Raiders remain a good distance from being able to access any of that money. Senate Bill 1, approved by a special session of the Nevada Legislature in October, dictated the starting point for the imposition of the tax. That means even though the NFL has not yet met to deliberate on the team’s application to relocate to Las Vegas, public money to facilitate the move is being collected. The bill applied an additional tax of 0.88 percent to rooms rented on the Strip and some adjacent areas to the west and south, and 0.5 percent to rooms within the remainder of the stadium district, an area within a 25-mile radius of the Clark County Government Center near downtown. For a room on the Strip, the average additional expense is $1.50 per night. As that money comes in, it will be managed by Clark County. The tax funds will back bonds issued to cover the $750 million committed to the stadium by state legislators. Any additional money collected would go to the authority for strictly designated usage on stadiumrelated costs.
Staff Writer
Station Casinos has agreed to stop fighting the attempt by Culinary Workers Union Local 226 to unionize Palace Station. Cornele Overstreet, regional director of the National Labor Relations Board, said that according to the agreement, the first bargaining session has to take place within 12 weeks. Once that session occurs, the union and Station have a year to come up with a contract. The agreement was reached after Overstreet looked into allegations that Station had violated the National Labor Relations Act during an election at Palace Station in mid-October to see if workers there wanted to be represented by the Culinary. According to the National Labor Relations Board, 262 people voted to unionize and 266 voted not to. The union claimed Station rigged the election. Overstreet looked into whether Station tried to influence workers by lowering health insurance premium costs at every location but Boulder Station, where workers voted to unionize a month earlier. “We allege that not giving the same offer to Boulder employees was essentially sending a signal ... that if you select the union, you will be punished,” Overstreet said. In a statement, Station acknowledged its intent to enter into negotiations. “Rather than engage in lengthy, disruptive and distracting proceedings, the company has decided that it would be in its best interests to proceed with negotiations with the union ... at Palace Station,” the statement read.
Conventions
Show
A record number of tourists visited Southern Nevada last year and spent a record amount of money, according to a report that economic analyst Jeremy Aguero presented to the board of the Las Vegas Convention and Visitors Authority. About 42.9 million people visited Southern Nevada last year, spending $35.5 billion — 16.3 percent more than in 2015 when they left behind $30.5 billion, Aguero said. Per person, Las Vegas visitors spent an average of $827, up from $721 in 2015. Convention attendees made up 14.7 percent of all visitors to Southern Nevada last year, up 7.1 percent from 2015. The presentation highlighted the impact of tourism on the local economy. Among the report’s findings: n 1 in 4 people in Southern Nevada are directly employed in the tourism industry. n Tourism wages and salaries total $11 billion, or 26.2 percent of the $41.9 billion earned by Southern Nevadans. n Annual visitor spending is equal to about a third of Southern Nevada’s gross product — $35.5 billion, or 34.4 percent, of the gross product of $103.3 billion. Directly and indirectly, tourism supplied $59.6 billion, or 57.7 percent, of Southern Nevada’s gross product. n Nearly half of those employed in Southern Nevada have jobs because of tourism — 407,000 people, or 44.2 percent, of the 921,700 people working here. The region’s economy, however, still lacks diversity, Aguero said. “And that’s not because businesses are not moving here. In reality, the tourism industry continues to expand at such a clip that it’s hard for other industries to compete,” he said.
Location
Dates
expected attendance
CinemaCon
Caesars Palace
March 27-30
6,000
Credit Admiral Software meeting
Harrah’s
March 27-30
600
National Association for Pizzeria Operators International Pizza Expo
Las Vegas Convention Center
March 27-30
12,000
Nightclub and Bar Show
Las Vegas Convention Center
March 28-29
39,000
Globalshop
Mandalay Bay
March 28-30
14,000
Digital Signage Expo
Las Vegas Convention Center
March 28-30
6,000
International Wireless Communications Expo
Las Vegas Convention Center
March 28-30
10,000
Vegas Food Expo
Gold Coast
March 30-31
2,000
March 31-April 2
500
Amateur Radio Operators Nevada State Convention Eastside Cannery
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‘There are always going to be opportunities’ bankruptcies for neighboring support tenants. At some formerly bustling high-profile intersections, you can almost hear the tumbleweeds blowing through the empty parking lots of shopping centers-turned ghost towns. Despite this uncertain landscape, Amazon plans to include Las Vegas in a 20-city pilot program for its brickand-mortar Amazon Fresh-branded grocery stores. By the end of 2018, the company intends to roll out in various U.S. markets 10 “click and collect” drive-up spots where customers can pick up online orders, as well as 10 traditional stores where customers select goods in person. At the Sahara Pavilion North, an El Super store took over the closed Vons space. “I have mixed views on Amazon, It’s a sign of the grocery industry’s general state of transition. (L.E. Baskow/staff) which is thinking of opening up to west and Cadence in Henderson. 2,000 stores over the next 10 years,” n Vons and Albertsons merged un“Albertsons will eventually break said Michael Zobrist, director of the der the Cerberus Capital Manageground on a new location at HualaLas Vegas office of commercial real ment umbrella; pai and Deer Springs, and Sprouts estate services firm Newmark Grubb n Albertsons/Vons sold seven Marketplace is under construction at Knight Frank. “When you go into a stores to Haggen, Haggen filed a lawFarm and Durango, and is rumored grocery store, how many items are suit against Albertsons and declared to have signed a deal at Silverado and impulse purchases when you smell Chapter 11 bankruptcy, and AlbertMaryland,” Hubbard said. that fresh bread, and how will that sons subsequently reopened five of Brian Sorrentino, director of ROI affect online shopping with the clickthe stores; Commercial Real Estate, said the and-collect concept?” n Fresh & Easy closed its 14 valley economic turnaround has precipiWhile in-store consumers will locations. tated activity. pick the freshest produce they can More recently, discount chain “A really neat example is a project find, workers could rotate stock to Save-A-Lot closed its four local stores at Blue Diamond and Buffalo at the maximize value when fulfilling an after barely a year and a half of SouthMountain’s Edge Marketplace,” Soronline order, he noted. “But it’s too ern Nevada operations. rentino said. “Vons constructed a soon to speculate — time will tell,” “This has resulted in an influx of building shell in 2006, and then held Zobrist said of the concept’s longlarge empty boxes to the local retail off on the development. That propterm prospects. market,” said Strickland-Bonifatto, erty is expected to open as an AlbertA Las Vegas native, Zobrist has adding that the typical full-service sons this year. (Similarly), Wal-Mart witnessed firsthand the local grogrocery location has a footprint averhas had land at Blue Diamond and cery store shuffle, recalling the days aging 50,000 to 65,000 square feet. Rainbow for eight or 10 years that it’s when chains such as Alpha Beta, According to figures compiled by now developing. It can take a while, Lucky, Raley’s and Safeway dotCBRE, in December 2008 the valley but sometimes the market just needs ted the valley. Local Wal-Mart and had 43 vacant box spaces (of more than to correct itself.” Target superstores were still a pipe 18,000 square feet) totaling 1.9 million But what about blighted or dedream, and specialty grocers such as square feet, compared with 64 empty pressed lower-income neighborWhole Foods, Sprouts Farmers Maranchor slots totaling 2.67 million hoods across the valley that have ket and Trader Joe’s, along with ethsquare feet in November. been left underserved in terms of nic outlets including El Super and “Right now, we’re really only seegrocery options? And what about all Island Pacific Seafood Market, had ing new construction and expansion those echoing empty spaces? yet to make a splash. in high-growth areas with a lot of The solution tends to be twofold, Christina Strickland-Bonifatto, housing and discretionary income,” with a combination of repurposing senior associate at commercial real Strickland-Bonifatto said. and specialization. estate services firm CBRE, said the Dan Hubbard, senior director of Consider, for example, Sahara Papast few years have seen a flurry of retail services with the local office of vilion North, at Sahara Avenue and closures and consolidations, particucommercial real estate services firm Decatur Boulevard. larly in 2014 and 2015, when: Cushman & Wakefield, expressed a “This used to be a hot spot at a similar sentiment, noting that as subn Albertsons pulled the plug on two great location, but then Vons closed, urban sprawl continues, there will be valley locations; and the dynamic in that area shifted, a need to serve the new areas, with n Discounter Food 4 Less closed and the 333,000-square-foot proprecent announcements for two new eight stores and converted six more erty became a ghost town,” Zobrist Smith’s Marketplace formats being deto Smith’s (both are owned by said, adding that his client recently veloped at Skye Canyon in the northKroger Co.);
purchased Sahara Pavilion North. “Specialty Hispanic grocery chain El Super took over the Vons space, and the shopping center slowly started to turn around over the last year.” Dollar Tree, dd’s Discounts, Peter Piper, Domino’s Pizza, the UPS Store, a furniture store and an insurance agent have leased a combined 100,000 square feet, Zobrist said. “It’s easy to paint a bleak picture of gloom and doom when you see retailers pulling out, and it may be hard in the short-term, but there are always going to be opportunities.” Hubbard cited another successful instance of rebound — Spring Valley Town Center on Flamingo Road and Rainbow Boulevard. The shopping plaza lost an Albertsons, but the space was later leased to La Bonita, and since then the center has been attracting new tenants. Indeed, local experts agree that smaller-format neighborhood specialty grocers averaging 15,000 to 30,000 square feet are the wave of the future in terms of grocery infill. This includes Hispanic chains such as El Super, La Bonita and Cardenas, as well as Filipino chain Island Pacific, along with specialty grocers such as Sprouts and Trader Joe’s. Nongrocery alternative uses also are catching on to fill vacancies. Planet Fitness, for example, leased the 52,000-square-foot former Food 4 Less space at Lake Mead Drive and Boulder Highway in Henderson. Trampoline parks are moving into shopping centers that have lost tenants as the result of anchor supermarket closures, breathing new life into struggling plazas. “Groceries are a daily type of need, so when those anchors leave, smaller tenants like dry cleaners and nail salons suffer,” StricklandBonifatto said. “Trampoline parks (such as Sky Zone and FLIPnOut Xtreme) are seeding alternative uses in large boxes.” Zobrist concurred. “The vacancies bring opportunities for other types of tenants, bringing new life and blood into retail centers, and the residual result is that other smaller tenants will start to come back,” he said. “The grocery market is healthy overall. There will always be vacancies and issues, but yesterday’s ghost town is today’s vibrant shopping center.”
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Calendar of events MONDAY, MARCH 27
on state legislative issues and trends.
Vegas Young Professionals toastmasters meeting Time: 6:30-8 p.m. Cost: Free for VYP members Location: Las Vegas Metro Chamber of Commerce, 575 Symphony Park Ave., Suite 100, Las Vegas Information: Call 702-586-3834 or email info@ vegasvyp.com Learn speaking, presentation and leadership skills.
TUESDAY, MARCH 28 Henderson Development Association mixer Time: 5-8 p.m. Cost: Free for members of the HDA; $20 for guests of HDA members and Henderson Chamber members; $45 for nonchamber members; additional $10 at the door Location: DragonRidge Country Club, 552 S. Stephanie St. Information: Call 702-565-8951 Tina Quigley, general manager of the Regional Transportation Commission of Southern Nevada, will moderate a panel discussion on distribution in Southern how companies ship and move goods. Fiscal Fitness: Keep Your Business in Shape Time: 11:30 a.m.-1 p.m. Cost: $45 Location: Cili at Bali Hai, 5160 Las Vegas Blvd. South, Las Vegas Information: Call 888-427-2218 or 702-5246208 At this business luncheon, Alisha McClellan will discuss tax and accounting issues that business owners face at different stages of business. 2017 National Association of Manufacturers State Government Relations Group Time: 2-7:30 p.m. (also 8-11 a.m. March 29) Cost: $300 Location: Cosmopolitan, 3708 Las Vegas Blvd. South Information: Call 202-637-3000 This meeting after the Public Affairs Conference is a chance for state government relations executives to network and share information and
WEDNESDAY, MARCH 29 Business + Education Engaged Summit 2017 Time: 7:30 a.m.-1 p.m. Cost: $20 for program; $50 for luncheon Location: Smith Center for the Performing Arts, 361 Symphony Park Ave., Las Vegas Information: Visit beengagednevada.com The summit seeks to involve business leaders in the process of improving Southern Nevada’s public education system. Steve Schorr at Stirling Club luncheon Time: 11:30 a.m. Cost: $26, RSVP required Location: Gordon Biersch, 3987 Paradise Road, Las Vegas Information: Email merrinpr@gmail.com Steve Schorr will present “Challenging Your World — Fate, Fact, Fake, and Fun: The ‘F’ Word Means Different Things Today.” The Social Register’s Executive Men & Women’s Networking Dinner Time: 6-9 p.m. Cost: $49 Location: Spanish Trail Country Club, 5050 Spanish Trail Lane, Las Vegas Information: Call 702-256-0123 Create business relationships with other high-level executives. Each executive will get give a five-minute presentation. Must RSVP; seating is limited. Webinar: How to Create a Digital Marketing Plan That Works for Your Casino Time: 10 a.m. Cost: $199 per computer Location: Online Information: Call 702-255-9891 or email dave.newton@cdcgamingseminars.com Experts from Catalyst Marketing will provide instructions for creating a digital marketing plan, including online display ads, pre-roll marketing, social media, search engine marketing/optimization, mobile marketing and measuring results. Register by March 27.
THURSDAY, MARCH 30 12th Annual Women’s Hall of Fame Time: 11:15 a.m.-1:30 p.m. Cost: $70 for Women’s Chamber members; $85 for nonmembers; $100 for VIP seats Location: Orleans, 4500 W. Tropicana Ave. Information: Call 702-733-3955 or visit womanschamberofnevada.org The Women’s Chamber of Commerce of Nevada and the WCCNV Legacy Foundation host this fundraising event, with proceeds benefiting the Legacy Foundation scholarships for women, high school students as well as postsecondary education. Policy Committee meeting — higher education Time: 3:30-4:30 p.m. Cost: Free (open to Metro Chamber members and their employees; RSVP requested) Location: Las Vegas Metro Chamber of Commerce, 575 W. Symphony Park Ave., Suite 100, Las Vegas Information: Call 702-586-3812 or email jholliday@lvchamber.com Nancy Brune, executive director of the Kenny Guinn Center for Policy Priorities, and Dr. Robert Lang, executive director of the Lincy Institute and Brookings Mountain West, will present a forecast of funding formulas, potential changes in the Board of Regents, graduate medical education funding and more.
Friday, MARCH 31 Networking Power Lunch Time: 11:30 a.m.-1 p.m. Cost: $20 for Metro Chamber members (registration required) Location: Downtown Summerlin, 1980 Festival Plaza Drive, Las Vegas Information: Call 702-586-3851 or email nneal@lvchamber.com Connect with fellow Chamber members and network while eating lunch at some of Summerlin’s newest restaurants.
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Records and Transactions BANKRUPTCIES CHAPTER 7 JAS Investment Properties 2461 S. Buffalo Drive Las Vegas, NV 89117 Attorney: John R. Holiday at jholiday@clgnv.com
Chapter 11 Oasis Moving & Storage 2915 Coleman St. North Las Vegas, NV 89032 Attorney: Timothy P. Thomas at tthomas@tthomaslaw.com
Bid Opportunities March 31 3 p.m. Annual requirements contract for the purchase of Scott AV-3000 masks and regulators Clark County, 604414 Sandra Mendoza at sda@clarkcountynv.gov
Brokered transactions Sales $28,500,000 for 252 units, residential 5060 W. Hacienda Ave., Las Vegas 89118 Landlord: Hacienda Garden Landlord agent: Northcap Multifamily Tenant: ACVII-Hacienda Tenant agent: Robin Willett, Antone Brazill, Devin Lee and Jerad Roberts of Northcap Multifamily $303,500 for 3,851 square feet, office 807 and 811 S. Decatur Blvd., Unit 110, Las Vegas 89107 Landlord: The 1995 Alfred H. Hyman and Lillie Hyman Family Trust Landlord agent: Pete Janemark, Jayne Cayton and Matt Kreft of Cushman & Wakefield Commerce Tenant: Restoration and Recovery Tenant agent: Did not disclose
Owners Landlord agent: Marc Magliarditi and Alicia Nelson of Logic Commercial Real Estate Tenant: Town Center Enclave dba Shea Homes Tenant agent: Mark Boeddekker of Southwest Commercial Real Estate $158,862 for 1,163 square feet, retail 7425 S. Durango Drive, Suite 102, Las Vegas 89113 Landlord: DM Rhodes Ranch Landlord agent: Michael Zobrist and Nelson Tressler of Newmark Grubb Knight Frank Tenant: RDJD Inc. dba Cricket Wireless Tenant agent: Lauren Tabeek and Katelyn Panella of Cushman & Wakefield Commerce $111,434 for 1,310 square feet, retail 467 E. Silverado Ranch Blvd., Suite 140, Las Vegas 89183 Landlord: Empress Group Landlord agent: Michael Zobrist and Nelson Tressler of Newmark Grubb Knight Frank Tenant: 2X H Enterprises Inc. dba Kung Fu Tea Tenant agent: N/A
BUSINESS LICENSES Radco Construction License type: Contractor Address: 1118 Fifth Place, Las Vegas Owner: Amber Marino-Douzat Ramirez Mobile Car Wash License type: Mobile auto detailing Address: 2933 Salt Lake St., North Las Vegas Owner: Did not disclose Rector, Reeder & Lofton PC License type: Professional services Address: 1255 Lakes Parkway, Suite 375, Las Vegas Owner: Dale Rector, Brandy Lofton and Galen Reeder
Savant Commercial Real Estate License type: Real estate Address: 5586 S. Fort Apache Road, Las Vegas Owner: Savant Commercial Real Estate Sedona at Lone Mountain Apartment Homes License type: Rental property Address: 770 W. Lone Mountain Road, North Las Vegas Owner: MG Sedona at Lone Mountain Apartments Seven Seas Seafood Restaurant License type: Tavern Address: 808 W. Lake Mead Blvd., Las Vegas Owner: Con Con Corp. Shrub Grubs License type: Lawn maintenance Address: 3504 Empress Diamond Dive, North Las Vegas Owner: Anthony T. Supra Siagi’s Soul Food License type: Restaurant Address: 301 S. Martin L. King Blvd., Las Vegas Owner: Jo’Ann Matthews Signature Perfumes and Cosmetics License type: General retail sales Address: 1560 N. Eastern Ave., Suite D14, Las Vegas Owner: SMV Prestige Sil Fitness Studio License type: Personal services Address: 1590 W. Horizon Ridge Parkway, Henderson Owner: Sil Studio Snow Frosty Heating & Air Conditioning License type: Contractor Address: 800 N. Rainbow Blvd., Suite 208, Las Vegas Owner: Raul Ibarra
Steamboat Consulting License type: Management or consulting service Address: 1180 N. Town Center Drive, Suite 100, Las Vegas Owner: Laura Catella and Stefan Georgi Stephen Charles Morrissey License type: Real estate sales Address: 9420 W. Sahara Ave., Suite 100, Las Vegas Owner: Stephen Morrissey Stills in Motion License type: Gross revenue Address: 1830 Poetic Valley Circle, Henderson Owner: Fernando Nava Sundance Village License type: Apartment house Address: 6500 W. Charleston Blvd., Las Vegas Owner: Charleston Capital Taco Bell License type: Restaurant Address: 1370 W. Lake Mead Blvd., Las Vegas Owner: Silver State Bell LLC The Car Key Shop #2 License type: Locksmith Address: 500 Miller Ave., North Las Vegas Owner: Manuel Perez The Photo Guys License type: Photography Address: Did not disclose Owner: Zachary Reininger LLC The Shop Henderson License type: Automotive Address: 628 Middlegate Road, Henderson Owner: The Shop Henderson Therapeutic Bodywork License type: Independent massage therapist Address: Did not disclose Owner: Ryan Witholt
Relax Yourself Massage Services License type: Massage therapists Address: 1400 Pontiac Ave., North Las Vegas Owner: Jacqueline Robinson
Sofrito Rico Authentic Puerto Rican Cuisine License type: Beer wine cooler on sale Address: 5201 W. Charleston Blvd., Suite 110, Las Vegas Owner: Sofrito Rico LLC
$188,736 for 1,400 square feet, retail 229 N. Stephanie St., Suite A, Las Vegas 89183 Landlord: Roxbury Advisors Landlord agent: Michael Zobrist and Nelson Tressler of Newmark Grubb Knight Frank Tenant: Luna Vega Enterprises Inc. dba Fausto’s Tenant agent: N/A
Royce Loftis License type: Real estate sales Address: 1820 E. Sahara Ave., Suite 101, Las Vegas Owner: Royce Loftis
Soonju Kwon License type: Real estate sales Address: 10750 W. Charleston Blvd., Suite 180, Las Vegas Owner: Soonju Kwon
Tim Tollestrup, MD License type: Medical office Address: 3035 W. Horizon Ridge Parkway, Henderson Owner: Timothy W. Tollestrup, PC
RTS Marble and Granite License type: Property maintenance Address: 3944 Red Trumpet Court, North Las Vegas Owner: RTS Marble and Granite
Splitnz 702 License type: Beauty parlor Address: 3940 N. Martin L. King Blvd., North Las Vegas Owner: Yolanda Teon Nelson
Training Dogs Las Vegas License type: Instruction services Address: Did not disclose Owner: Sandra Harvey
$170,000 for 2,297 square feet, office 10777 W. Twain Ave., Suite 222, Las Vegas 89135 Landlord: Town Center Common
Russell Farmer License type: General retail sales Address: 7835 S. Rainbow Blvd., Suite 4-102, Las Vegas Owner: Russell Farmer
Springs Preserve License type: Multivendor Address: 333 S. Valley View Blvd., Las Vegas Owner: Springs Preserve Foundation
Leases
Tiffani Toi Hair Studio License type: General retail sales Address: 8975 W. Charleston Blvd., Suite 130, Las Vegas Owner: Tiffani Toi LLC
Turtle Peak License type: Business support Address: 1180 N. Town Center Drive, Suite 100, Las Vegas Owner: Karana Spires Limited Partnership and Steven Brown
Tyler Blaine Brox License type: Real estate sales Address: 9406 Del Webb Blvd., Las Vegas Owner: Tyler Brox Union Tax and Multiservices License type: Business support Address: 51 N. Pecos Road, Suite 112, Las Vegas Owner: Neyvis Machuca USA Sporting Goods License type: Sporting goods Address: 2620 Regatta Drive, Suite 102, Las Vegas Owner: Steven Fleming Useless License type: Mail order/internet sales Address: 3824 Alpine Track Ave., North Las Vegas Owner: Ulysses Guzman Veracruz Car Wash License type: Mobile auto detailing Address: 2416 Bassler St., North Las Vegas Owner: Mauricio Llano Video Hot Rod Limited License type: General services (counter/office) Address: 150 Spectrum Blvd., Las Vegas Owner: Brett Gentry Walker Crane LLC License type: Contractor Address: 7276 Galloping Scout Court, Las Vegas Owner: Walker Crane, LLC We Care 4 You License type: Miscellaneous sales/ service Address: 3316 Mastercraft Ave., North Las Vegas Owner: We Care 4 You Wendy’s License type: Restaurant/food court service Address: 1301 W. Craig Road, North Las Vegas Owner: WeNevada LLC Westcorp License type: Automotive sales with minor repair Address: 3110 S. Valley View Blvd., Suite 201, Las Vegas Owner: Abdelnaser Ayyash William Tiang License type: Residential home care provider Address: 5118 S. Jones Blvd., Suite 205, Las Vegas Owner: William Tiang Wolverine Company Store License type: General retail sales Address: 705 S. Grand Central Parkway, Suite 1064, Las Vegas Owner: Hush Puppies Retail
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Records and Transactions Xibit Solutions License type: Miscellaneous sales/ service Address: 3470 John Peter Lee St., North Las Vegas Owner: Xibit Solutions
Owner: G. Michael Whitesides
Yoga Energy LV License type: Health and wellness establishment Address: 55 S. Gibson Road, Henderson Owner: Yoga Energy LV
All Lights Up License type: General retail sales Address: 450 Fremont St., Suite 105, Las Vegas Owner: Maor Dahan and Erez Ragones
1st Vegas Auto Body Shop License type: Automotive garage (major) Address: 3132 Meade Ave., Las Vegas Owner: Kristina Babayan 7 Eleven Food Store 20379E License types: Convenience store, tobacco dealer and beer wine cooler off sale Address: 2416 Stewart Ave., Las Vegas Owner: Yusof Association Inc. 702 Beauty and Barber Supply License type: General retail sales Address: 1061 W. Owens Ave., Las Vegas Owner: 702 Beauty And Barber Supply LLC Absolute Dental Management License type: Administrative office space Address: 2250 S. Rancho Drive, Suite 205, Las Vegas Owner: Mark Russell and Patricia Prada Ace Cleaning Solutions License type: Repair and maintenance Address: Did not disclose Owner: Vicente Lopez ACG Design License type: Professional services Address: 4310 Cameron St., Las Vegas Owner: Architectural Civil Group Adrian Arturo Gonzalez-Benitez License type: Automobile detailing Address: Did not disclose Owner: Adrian Gonzalez Advanced Home Inspections License type: Professional services Address: 7295 Sunny Days Lane, Las Vegas Owner: Gordon and Maria Zorn Advanced Home Renovations License type: Handyman/maintenance services Address: 3824 Alpine Track Ave., North Las Vegas Owner: Advanced Home Renovations Affairs to Remember Catering License type: Catering Address: 250 N. Eastern Ave., Las Vegas
Affordable Paralegal License type: Business support Address: Did not disclose Owner: William Ballard
America’s Financial Solutions Group License type: Insurance agency Address: Did not disclose Owner: Alpine Meadows Financial Services American Turf and Tree License types: Lawn maintenance and trucking Address: 5415 S. Cameron St., Suite 119, Las Vegas Owner: Norsko Ameritech Solutions License type: General retail sales Address: 530 S. Eighth St., Las Vegas Owner: Geovanny Tarazona Arlene Fandino, LMT License type: Independent massage therapist Address: 7565 Perla Del Mar Ave., Las Vegas Owner: Arlene Fandino Ashley Grenfell License type: Real estate sales Address: 10000 W. Charleston Blvd., Suite 130, Las Vegas Owner: Ashley Grenfell Avenue5 Residential LLC License type: Real estate sales Address: 9890 S. Maryland Parkway, Suite 200, Las Vegas Owner: Kathy Relyea Awesome Landscape Services License type: Property maintenance Address: 3111 Saleen Court, North Las Vegas Owner: Awesome Landscape Services B Sweet Candy Boutique License type: Food specialty store Address: 400 S. Rampart Blvd., Suite 140, Las Vegas Owner: B Sweet LLC Becki True Consulting License type: Management or consulting service Address: 241 W. Charleston Blvd., Suite 135, Las Vegas Owner: Becki True Consulting Benchmark LLC License type: Property maintenance Address: 134 Grandview Drive, Henderson Owner: Benchmark LLC
Best English Today LLC License type: Gross revenue Address: 737 Flowing Meadow Drive, Henderson Owner: Best English Today LLC Blast West License type: Warehouse/storage/ self storage Address: 240 Sunpac Ave., Henderson Owner: Blast West LLC Blue Water Pool Service License type: Residential property maintenance Address: Did not disclose Owner: Alica Wegner Boulevard Interior Design License type: Designer/draftsman Address: 3722 Las Vegas Blvd. South, Suite 2605, Las Vegas Owner: Kareta Weese Bourbon Street Sports Bar #141 License types: Coin amusement machine, tavern restaurant, tobacco dealer, gaming restricted and automated teller operator Address: 5770-5777 Centennial Center Blvd., Suites 130-140, Las Vegas Owner: Nevada Restaurant Services
BUILDING PERMITS $2,275,091, commercial - addition 4550 Nexus Way, North Las Vegas Wize Solutions $2,011,925, grading 5140 W. Cheyenne Ave., Las Vegas Martin Harris Construction $251,695, single-family dwelling 6330 Goldstrike Canyon St., Las Vegas Greystone Nevada $250,073, single-family dwelling 6370 Goldstrike Canyon St., Las Vegas Greystone Nevada $236,823, single-family dwelling 385 Nola St., Las Vegas Toll South LV $236,823, single-family dwelling 12016 Arcobaleno Ave., Las Vegas Toll South LV $231,108, single-family dwelling 5636 Koda Court, Las Vegas Plaster Development Co. $213,443, single-family dwelling 452 Bosco Di Fiore St., Las Vegas Toll South LV $208,432, single-family dwelling 6350 Goldstrike Canyon St., Las Vegas Greystone Nevada
$206,184, single-family dwelling 5754 Sunset River Ave., Las Vegas Century Communities of Nevada
$148,099, tenant improvement 6200 N. Durango Drive, Las Vegas Copperstone Construction
$200,900, fire alarm 4550 Nexus Way, North Las Vegas Nextgen Integrated Solutions
$146,748, single-family dwelling 5166 Maverick St., Las Vegas D R Horton
$200,000, tenant improvement 2600 W. Sahara Ave., Las Vegas Kittrell Jensen Contractors
$146,699, single-family dwelling 6430 Matthew Hills Court, Las Vegas D R Horton
$200,000, commercial 333 S. Valley View Blvd., Las Vegas Pacific Studio $200,000, grading 10251 Grand Teton Drive, Las Vegas K B Home Nevada $199,096, single-family dwelling 272 Tarragona Breeze Ave., Las Vegas Toll South LV $185,596, single-family dwelling 5983 Sunset River Ave., Las Vegas Century Communities of Nevada $178,580, single-family dwelling x2 9660 and 9667 Ponderosa Skye Court, Las Vegas Century Communities of Nevada $175,000, tenant improvement 8988 W. Cheyenne Ave., Las Vegas Hadfield Building Corp. $173,935, residential - new 2404 Splendid Manor Court, North Las Vegas Richmond American Homes of Nevada $173,702, single-family dwelling 12119 Castilla Rain Ave., Las Vegas Toll South LV $168,721, single-family dwelling 12256 Valentia Hills Ave., Las Vegas Calatlantic Homes $168,721, single-family dwelling 398 Pollino Peaks St., Las Vegas Ryland Homes $158,479, residential - new 2413 W. Gilmore Ave., North Las Vegas Richmond American Homes of Nevada $154,866, single-family dwelling 7303 Ellington Park St., Las Vegas Toll South LV $150,741, single-family dwelling 274 Besame Court, Las Vegas Toll South LV $150,741, single-family dwelling 287 Evante St., Las Vegas Toll South LV $150,000, tenant improvement 8970 W. Cheyenne Ave., Las Vegas Hadfield Building Corp.
$141,198, single-family dwelling 10813 Dreiser Park Ave., Las Vegas Toll South LV $137,591, residential - new 5825 Country Lake Lane, North Las Vegas Beazer Homes Holdings $134,885, single-family dwelling x2 6435 and 6440 Matthew Hills Court, Las Vegas D R Horton $133,048, residential - new 3905 Coleman St., North Las Vegas Richmond American Homes of Nevada $126,197, residential - new 4205 Fairywren Drive, North Las Vegas Richmond American Homes of Nevada $125,535, residential - new 2111 Saybrook Ave., North Las Vegas Harmony Homes. $120,893, single-family dwelling 6445 Matthew Hills Court, Las Vegas D R Horton $117,065, single-family dwelling 6623 Seahorse Reef St., Las Vegas D R Horton $113,202, residential - new 4217 Gallinule Drive, North Las Vegas Richmond American Homes of Nevada $111,777, single-family dwelling 8296 Nebula Cloud Ave., Las Vegas Calatlantic Homes $108,411, residential - new 2103 Fort Morgan Ave., North Las Vegas Harmony Homes $106,649, single-family dwelling 6629 Seahorse Reef St., Las Vegas D R Horton $105,133, tenant improvement 1645 Village Center Circle, Las Vegas Nevada General Construction To receive a complete copy of Data Plus every week in Excel, please visit vegasinc.com/subscribe.
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The List
Category: commercial real estate brokers (Ranked by total 2016 lease and sale volume)
Company
Year est. locally
Total 2016 volume
Lease 2016 volume
Sales 2016 volume
Commercial agents
Top local executive
1
CBRE 3993 Howard Hughes Parkway, Suite 700 Las Vegas, NV 89169 702-369-4800 • cbre.com
1981
$2,559,149,351
$537,031,214
$2,022,118,137
31
Michael Newman, managing director
2
Colliers International 3960 Howard Hughes Parkway, Suite 150 Las Vegas, NV 89169 702-735-5700 • colliers.com/lasvegas
1993
$2,360,781,508
$1,057,630,116
$1,303,151,392
67
Mike Mixer, executive managing director
3
Jones Lang LaSalle Brokerage 302 E. Carson Ave., Suite 310 Las Vegas, NV 89101 702-360-4907 • jll.com
1998
$1,327,529,733
$137,363,983
$1,190,165,750
5
Bret Davis, executive vice president
4
Cushman & Wakefield Commerce 3773 Howard Hughes Parkway, Suite 100S Las Vegas, NV 89169 702-796-7900 • comre.com
2001
$456,107,002
$180,779,597
$275,327,405
31
Michael R. Dunn, market leader
5
R.O.I. Commercial Real Estate 9121 W. Russell Road, Suite 111 Las Vegas, NV 89148 702-363-3100 • roicre.com
1992
$454,869,156
$363,895,325
$90,973,831
13
Daniel R. Adamson, corporate broker/executive director
6
Newmark Grubb Knight Frank 3930 Howard Hughes Parkway, Suite 180 Las Vegas, NV 89169 702-733-7500 • ngkf.com
2000
$405,220,328
$89,499,522
$315,720,806
17
Kevin J. McCabe, executive vice president/ regional managing director
7
NAI Vegas 8945 W. Russell Road, Suite 110 Las Vegas, NV 89148 702-383-3383 • naivegas.com
1988
$263,736,721
$13,512,398
$250,224,323
8
Patrick Sauter, managing partner
8
Avison Young 3993 Howard Hughes Parkway, Suite 350 Las Vegas, NV 89169 702-472-7979 • avisonyoung.com
2012
$250,585,126
$47,248,904
$203,336,222
10
Dave A. Dworkin, operations manager
9
Logic Commercial Real Estate 3900 S. Hualapai Way, Suite 200 Las Vegas, NV 89147 702-888-3500 • logiccre.com
2015
$183,447,825
$53,655,527
$129,792,298
18
Brendan Keating, CEO
Sun Commercial Real Estate 6140 Brent Thurman Way, Suite 140 Las Vegas, NV 89148 702-968-7300 • suncommercialre.com
2006
$145,600,000
$43,700,000
$101,900,000
20
Cathy Jones, CEO/president
10
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 to Clayt Keefer, research associate, VEGAS INC, 2275 Corporate Circle, Third floor, Henderson, NV 89074.
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