vegasinc.com | November 12 - November 18, 2017
Economic experts from commercial real estate firm CBRE are bullish on the Las Vegas economy, including the retail sector. (steve marcus/staff)
Shopping forecast Industry experts share big trends and seasonal consumer habits tied to traditional retail By thomas moore and mick akers | staff writers
In the midst of the “E-pocalypse,” with e-commerce growing at such a rapid pace that online shopping is threatening to overtake bricks-and-mortar retail, experts in real estate, retail and economics offered optimistic outlooks for the market in Las Vegas. ¶ The local office of commercial real estate giant CBRE brought together experts from the firm’s SHO PP IN G, Continued on page 15
$193.60 Price per share Apple must hit to become the world’s first $1 trillion company. Its stock price closed at $175.11 on Nov. 8, up from $108.43 on Nov. 11, 2016.
$9K
Amount Vietnamese citizens could be fined for selling goods and services for bitcoin or other cryptocurrencies.
2
CONTENTS
VEGAS INC NOV. 12- NOV. 18
GROUP PUBLISHER Gordon Prouty ASSOCIATE PUBLISHER Breen Nolan
EDITORIAL
NOTEWORTHY STORIES
05 06 18 Q&A WITH ROB MENEFEE
MEET ENCLAVE
The vice president of operations at District Tavern Group talks about the challenges of owning his own business at age 21, the evolution of the dining industry, and why he no longer hikes at Red Rock Canyon.
Eli Stearns and Keith Conrad recently opened an event venue that is customizable by brand, audio and design. It’s close enough to the Strip to be convenient for visitors, but far enough away that it’s unaffected by inconveniences such as parking fees.
THE NOTES People on the Move, P4
TALKING POINTS Get the most out of a chamber membership, 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: Banks and thrifts, P22
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 Mick Akers, April Corbin, Yvonne Gonzalez, Jesse Granger, Chris Kudialis, Thomas Moore, Cy Ryan, Camalot Todd, Ricardo Torres-Cortez COPY DESK CHIEF John Taylor GENERAL EDITOR Paul Szydelko ASSISTANT GENERAL EDITOR Adam Candee COPY EDITOR Christian Bertolaccini SPECIAL PUBLICATIONS EDITOR Craig Peterson RESEARCHER Jamie Gentner 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 PUBLISHER OF DIGITAL 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 Kelly Decker, Brianna Eck, Richard Johnson, Mitch Keenan, Danielle Stone, Alex Teel
MARKETING & EVENTS DIGITAL MARKETING MANAGER Jackie Apoyan EVENTS MANAGER Alyssa Crame
VINTAGE VEGAS: CLARK COUNTY COMMISSIONER SWAP In 1980, Woodrow “Woody” Wilson defeated Sam Bowler to become a member of the Clark County Commission. The Mississippi native and former amateur baseball player had moved to Las Vegas in 1942 and became an equal rights activist. Wilson was the first black scoutmaster in Nevada and the first black person to serve in state Assembly. Pictured here, a Clark County maintenance worker updates the commission voting board Jan. 6, 1981, after Wilson was sworn in. Wilson resigned from the commission in 1984 after being convicted in a FBI sting — Operation Yobo — that resulted in felony convictions of four prominent community leaders for bribery. He died Dec. 25, 1999, due to medical complications from diabetes. — REBECCA CLIFFORD-CRUZ
PRODUCTION VICE PRESIDENT OF MANUFACTURING Maria Blondeaux PRODUCTION DIRECTOR Paul Huntsberry PRODUCTION MANAGER Blue Uyeda PRODUCTION ARTIST Marissa Maheras FULFILLMENT MANAGER Doris Hollifield ART DIRECTOR Sean Rademacher GRAPHIC DESIGNER Dany Haniff TRAFFIC SUPERVISOR Estee Wright TRAFFIC COORDINATOR 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 EDITORIAL PAGE EDITOR Ric Anderson VOLUME 4, ISSUE 45 Vegas Inc (USPS publication no. 15540), 2275 Corporate Circle, Suite 300, Henderson, NV 89074 is published every Sunday except the last Sunday of the year by Greenspun Media Group. Periodicals Postage Paid at Henderson, NV and at additional mailing offices. POSTMASTER: SEND ADDRESS CHANGES TO: Vegas Inc 2275 Corporate Circle Suite 300 Henderson, NV 89074 702.990.2545
LAS VEGAS SUN ARCHIVES
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.
THIS IS BIG TIME SMALL BUSINESS. Today, small businesses have access to the same resources as the big guys. Suppliers, manufacturers and customers from coast to coast are just a call or click away. So watch out world, small business is making big connections.
SMALL BUSINESS SATURDAY | NOVEMBER 25, 2017 Visit coxblue.com/smallbusinesssaturday for resources and tips to help you reach your business goals.
© 2017 Cox Communications, Inc. All rights reserved.
This Small Business Saturday, we’re celebrating just how big small businesses can be…when they’re connected. Because connections change everything.
4
VEGAS INC
giving
nov. 12- NOV. 18
Send your business-related information to news@vegasinc.com
Caesars Entertainment, its employees, chefs and entertainers organized $2 million in donations to assist those affected by the Oct. 1 mass shooting at the Route 91 Harvest Festival on the Strip.
Bassett and his family a year of groceries. The surprise was part of a national campaign by Eckrich to support military families through its partnership with Operation Homefront.
Organized by Celebrity Cars Las Vegas, Hellkat Racers and 360 CarShow, the #VegasStrong Charity Car Meet raised more than $22,000 for the Las Vegas Victims’ Fund. M Resort and its parent company, Penn National Gaming, donated proceeds, and an additional $28,000, to the National Compassion Fund Las Vegas, established by the National Center for Victims of Crime.
Life Time Athletic Green Valley’s “Ride for a Reason” raised more than $62,000 to help St. Jude Children’s Research Hospital and the Life Time Foundation.
City National Bank donated $25,000 to the Las Vegas Victims’ Fund. A sister company of City National, RBC Wealth Management, donated $25,000 to the American Red Cross. Essence Vegas donated more than $14,500 to Veterans Village. Smith’s Food and Drug donated $9,000 to 12 Las Vegas high schools supported by Project 150. HomeAid Southern Nevada helped U.S. VETS (United States Veterans Initiative) with a $460,000 kitchen renovation. The project enables US VETS to more efficiently open three times a day and serve more than 400 meals to formerly homeless veterans now living in the adjoining residential facility. Companies that assisted with the renovation included Woodside Homes of Nevada, Credit One Bank, Choice Center Leadership University, the Southern Nevada Home Builders Association, Bank of America and Home Depot. Walker Furniture delivered new furniture and accessories for a “Reading Corner” in the library at Ira J. Earl Elementary School, and Spread the Word Nevada donated 400 books. Students at the school won Walker’s “All About Reading” competition by reading 1,172 books during Nevada Reading Week. Daltile gave $10,000 to the Nevada SPCA. Jersey Mike’s raised $23,111 for Opportunity Village during the chain’s national Month of Giving. McDonald’s restaurants raised $53,124 for the Ronald McDonald House Charities of Greater Las Vegas scholarship program. Volunteers from Southwest Medical Associates collected nearly 850 pounds of food for Helping Hands of Vegas Valley. The Nevada State Veterans Home in Boulder City received a Renovation Grant Award of $636,826 through the Veterans Affairs Department’s State Homes Construction Grant Program.
ChoiceCenter Leadership University gave $174,444 to Easter Seals Nevada. (COURTESY PHOTO) Amazon and VanTrust Real Estate donated $10,000 to Mojave High School’s manufacturing and robotics program. Volunteers from Penta Building Group sorted and packed 3,500 pounds of produce at Three Square Food Bank. Jamba Juice donated $13,311 to the St. Baldrick’s Foundation. Direct Energy donated $10,000 to St. Rose Dominican Hospitals-Siena campus. The money was used for a central monitoring station. Andson was honored by Mutual of America as a 2016 Merit Finalist for the Community Partnership Award and received a check for $25,000. Andson was selected for its Piggy Bank project, which provides students with weekly hands-on banking experiences. Gallagher Group International facilitated a donation of 41,000 pounds of dog food that will enable Three Square Food Bank to support partner agencies that assist animals and pet owners in need. The Junior League of Las Vegas donated $200,000 to HELP of Southern Nevada for the nonprofit’s Shannon West Homeless Youth Center. NV Energy expanded its outreach with the Nevada Partnership for Homeless Youth by donating a truck, toiletries and canned goods. The company joined the Safe Place Mobile Crisis Intervention Program and donated $20,000 — through the NV Energy Foundation — toward expanded emergency shelter and NPHY Drop-In Center needs. Eckrich and Albertson’s partnered to give James
AAA Northern California, Nevada and Utah earned the Silver level President’s Volunteer Service Award, a national honor awarded by the Corporation for National and Community Service and the White House. Employees who received the President’s Volunteer Service Award include Kimberly Yusunas (Warm Springs office), Carol Lindenmuth (Anthem office), Catherine Contreras (Green Valley office) and Steven Ririe (West Lake Mead office). Three Square Food Bank recognized 23 individuals and 11 volunteer groups at an awards ceremony and breakfast. Volunteer groups recognized were MGM Resorts International, City of Las Vegas Volunteers, North Zone Missionaries, Desert Spring United Methodist Hunger Helpers, LM&B’s ,Ladies Making a Difference, Las Vegas Metropolitan Police Department Volunteers, Opportunity Village Job Discovery Program, Nellis Air Force Base Volunteers, Williams Sonoma and Wynn/Encore Resorts. Individuals recognized were: Cathy Austin, Patricia Sondakh-Rupisan, David Bartlett, Jack Boone, Rudy Sanchez and Kate Kinley, Meredith Peters, Carolyn Kosowsky, Wilma Ellison, Tom Howerter, Trish Watkins, Jeff Davis, Patti Ekes, Maggie Wagner, Lucille Wexler, Herb Hamby, Lois Hardy, Terry Horowitch, William “Chuck” Lewis, Amy Laws, Skip Hartley, and Denise and Fernandas Jackson. City National Bank donated $5,000 to Three Square Food Bank in support of its Bag Childhood Hunger program. The Bennett Family Foundation matched the donation. Bank of Nevada volunteers, including bank CEO John Guedry, helped build a garden for students at Halle Hewetson Elementary School. Along with the raised-bed planting areas, volunteers helped to create two outdoor classroom areas, a harvesting table, and a commercial grade composter. Nevada State Bank colleagues taught students at Ruby Thomas Elementary School about financial savings, including identifying safe and unsafe places to keep money, evaluating spending choices and identifying money-saving choices. Terry Shirey, president and CEO of the bank, presented a check for $8,000 to the school.
SIOR
HIRE AN EXPERIENCE. MARKET KNOWLEDGE. ETHICS.
FOR YOUR OFFICE AND INDUSTRIAL NEEDS
The 28 Top Office and Industrial Brokers in Southern Nevada • Extensive Landlord and Tenant Representation Experience • www.sior.com
the interview Send your business-related information to news@vegasinc.com
5
VEGAS INC nov. 12- Nov. 18
Q&A with rob menefee
For restaurateur, a little luck, pride and passion — and a lot of work — are a winning recipe By Rebecca Clifford-Cruz | STAFF WRITER
Robert Menefee is vice president of operations at District Tavern Group, which owns and operates restaurants Whist Stove & Spirits, Due & Proper and Balboa Pizza Co. In his 13 years in Las Vegas, Menefee was part of a number of high-profile and successful restaurants on and off the Strip, and in 2012 he received a Hospitality Hero award from the Las Vegas Convention and Visitors Authority. You became a business owner at a fairly young age. Tell us about that and how it shaped who you are today. It started as the hallmark college story of bartending by night and going to school by day, but I decided to flip the script a little and bought a bar and restaurant. It seemed like a brilliant idea at the age of 21, right? I mean, what could go wrong? Well a lot could, of course, but we decided to live the dream and I wouldn’t have changed a thing about it. The entire process of business ownership at such a young age instilled that same ownership mentality that I’ve carried with me every day since. The fear of failure is a great motivator, and I still get nervous butterflies to this day on projects. Twenty years later, I’m not having to sleep in booths or mop the floors at the end of the Rob Menefee bought his first restaurant at age 21 and, despite some early night, but that time was special and struggles, has no regrets. (christopher devargas/staff) warms my heart to think about. A litmaking everything from our hamexperience evolved in the past tle luck, sprinkled with pride and pasburger buns, pastas, slider rolls, flat10 years? sion and a lot of hard work, has been breads, pastries, desserts, soups and We’re still rooted in the same dethe recipe for success. sauces in house. sire for a great dining experience; it Due & Proper really is a hidden doesn’t matter if it’s fine dining or What do you consider your gem. All of our venues are open 24/7 fast casual. We have seen significant greatest professional achievebut I think I would be Cliff or Norm change in the world of instant gratiment? from “Cheers” if Due & Proper were fication in the past 10 years, though. I’ve been part of some spectacucloser to my house. I’m a really fat guy I see it with myself, and I see it with lar teams that have rendered some trapped in a slightly fat guy’s body, guests. We’re a growing culture of imamazing financial results. I always but you get the grilled peach and duck patience and, in food and beverage, call them “white buffalo” financials prosciutto flatbread in front of me, or we want perfection at an ever-quicker because they’re only supposed to hapthe vertical carpaccio with any of our pace. pen once in a lifetime. With the right burgers or braised short rib, and I’m teams, though, you should expect to in heaven. The venue itself has chaDo you have a favorite restausee those results. risma and you wouldn’t expect the elrant under the District Tavern While involved with the Tavistock evated food and beverage options that Group umbrella? Restaurant Group, one of our Las Due delivers. That’s like asking me who my faVegas restaurants earned a Forbes Finally, Balboa Pizza Co. has been vorite child is. All of our concepts are Four Star Rating. AquaKnox was the around for more than 13 years. That’s independent from one another and all only restaurant in Las Vegas that amazing in the bar and restaurant attract a completely different demowasn’t celebrity chef-driven or casiworld. I recently found out that Balgraphic. no-owned to garner that prestigious boa was the first date destination of Whist Stove & Spirits boasts a rerating. It was a testament to the hard friends of mine many moons ago. I ally diverse menu highlighted by chef work of everyone involved and truly a can only imagine after all these years Shelly Urbina. She promotes about David vs. Goliath achievement. of being such an institution in the as close to a scratch kitchen as you area, how many happy marriages and can find. Our culinary staff stays busy How has the Las Vegas dining
happy children came from first dates at Balboa. Describe your management style. I’ve had to adjust my style situationally during my career. In general, a good manager gives clear direction and stays pretty hands-off, but is ready and available to jump in to offer guidance, expertise and help when needed. Your industry can be grueling. How do you balance work and family time? I’m lucky because they both get along well. I met my wife working in the hospitality industry, so she is amazingly understanding when duty calls. Conversely, I take great joy in trying to be a great husband and father, and my work understands and appreciates that as well. What is the best business advice you’ve received? Be brilliant at the basics. If you could change one thing about Southern Nevada, what would it be? Las Vegas is a strong community. Realize the power that we possess in coming together to benefit the greater good. Charities around the valley can always use support and a helping hand. So can our own families and coworkers. Donate time, money or just listen and offer a warm embrace. What’s your favorite place to have fun in Las Vegas? It used to be hiking at Red Rock Canyon until my last trip ended with a helicopter rescue and a foot that looked to be put on backward. My idea of fun now involves family, friends and food. It doesn’t matter if we’re out to eat at some of our favorites around town or cooking at home, spending time with the ones you love just warms the soul.
6
VEGAS INC
get to know a local business
nov. 12- NOV. 18
Send your business-related information to news@vegasinc.com
by the numbers
63.5%
Share of Americans who plan to take a vacation in the next six months, according to the Conference Board, a business membership and research association. By comparison, in April 2009, during the Great Recession, about 33 percent of Americans were planning to travel.
$1 billion
Expected operating profit for Nintendo for the current financial year, nearly double what was projected three months ago. This is due to strong console and game sales. The company expects to sell 14 million Nintendo Switch consoles and 50 million games.
9.9%
Share of Canopy Growth Corp. that has been sold to Constellation Brands, which owns Corona and other alcoholic beverage companies. With this $245 million deal, Canopy Growth and Constellation will collaborate to “develop and market cannabis-based beverages.”
13%
Decline in share price for Papa John’s Pizza after an earnings call Nov. 1. The company blamed its poor performance on its advertising partner, the National Football League, saying the national anthem controversy has hurt pizza sales.
2,871
Number of Chevy Bolt EVs sold in October. It was the highest-selling electric vehicle of the month. The Tesla Model S will likely be the top-selling plug-in car for the year, but Bolt EV sales have increased eight months in a row.
$74,000
Cost per hour to fly on Deer Jet’s Dream Jet, a heavily modified Boeing 787 Dreamliner that is basically a luxurious condo that can fly. The master bedroom has a California king-sized bed, 42-inch television and a shower that can provide 60 minutes of hot water.
Eli Stearns, left, and Keith Conrad stand in one of the event spaces at Enclave, a new corporate and social event venue. (christopher devargas/staff)
Venue reinvented with each event By Rebecca Clifford-Cruz Staff Writer
Describe your business.
enclave Address: 5810 S. Eastern Ave., Las Vegas Phone: 702-747-9900 Email: info@enclavelv.com Website: enclavelv.com Owned/operated by: Eli Stearns and Keith Conrad In business since: 2017
With more than 75,000 square feet of customizable event space, we have the tools to transform just about any vision into a reality. The Vivace Rooftop and Dolce Garden offer breathtaking panoramic views of the Strip, and the 9,000-squarefoot multifunction Enclave Signature Room offers a refreshing alternative to the typical Las Vegas venue. Only one mile from the airport and three miles from the Strip, we have enough lavish space for any corporate or special event. Our team of experts pride themselves on offering friendly guidance to our clients to help maximize creativity and flexibility for each event. We aim to provide the highest level of service and warmth at every event. Who are your customers/clients?
Our clients range from small to big, from local to around the globe. We have the capability to host anything from an intimate rehearsal dinner or wedding to elaborate corporate events, and even live concerts and entertainment for thousands of guests. We can load in enormous objects, and even hoist up to 40 tons from the ceiling. The walls were constructed to optimize acoustics, designed to absorb sound whether it’s loud voices or a live band.
of the building can be branded for any company or event. Once inside, every room is completely customizable in terms of branding, audio, sound and design. How many are on your staff and what experience do they bring?
Our management team has 10 people, each with more than 10 years of experience in the event, hospitality and production industries. We also work with hundreds of contract employees, who are hired based on the size of each event. What obstacles has your business overcome?
Breaking into any industry is difficult, but breaking into a saturated market ups the ante, because it means you absolutely have to offer something new. Instead of entering the event industry, we’ve set our sights on revolutionizing it. What is your business philosophy?
Our promise to our clients is that we stop at nothing to turn any vision into reality. What’s the best business advice you’ve received?
Listen attentively and empathetically. Respect and be kind to strangers.
What sets your venue apart?
Anything else you want to share?
Being off the Strip allows us to eliminate a lot of the inconvenience that comes with Las Vegas events. There are no parking fees to consider, no long walks from parking to the party while weaving through a noisy, bustling casino. Plus, from the start, Enclave was designed to be a blank canvas for any event. Through projection, the exterior
Vegas is full of people who live for the experience, and we love that. In fact, it’s part of the reason why we’ve made it our home. This town continually raises the bar in extravagance across the board, which is why we know that it is a perfect fit for us as we push to bring a new level of luxury to Las Vegas.
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 story “Caesars donates used furniture to Harvey victims, Habitat for Humanity”: I bought some used casino furniture years ago. Still works great. I enjoy telling visitors that this or that lamp came from Caesars. — JSH On the staff story “Las Vegas drivers’ guide: Beat traffic with our best workarounds”: There is a serious issue with traffic light timing/synchronization in this valley. Other cities don’t seem to have this issue. In Southern California, where there are more than twice as many cars and smaller roads, the lights seem to function properly where the intersection is constantly in use. — DeDondeEs On Thomas Moore’s story “Richard Branson’s Virgin Hotels looking to expand to Las Vegas”: Love this guy. He has class and integrity, and he treats his customers well. I hope he comes here. — Linda Arora On April Corbin’s story “Congress considers lethal methods to manage rangeland”: Let the horses run wild. We’re “managing” our wild horses into oblivion. There is no real management, only inept government bureaucracy and political posturing. — lotoole
7
VEGAS INC nov. 12- Nov. 18
Get the most out of a chamber membership
A
guest column: a resource partner for someone. lthough most people have some Lisa Chao Every chamber is a little different, but all knowledge of what functions a should have some options for advertising, chamber of commerce serves, including website, member-to-member ads business leaders may not be or through sponsoring events. These adveraware of the extent to which they can get tising tools provide ways for members to gain exposure in involved in and make the most of a chamber membership. front of a receptive, targeted audience. Aside from monthly networking events, which allow Policy input and outreach also allow your chamber to members to connect with one another and form mutually meet your business needs. By completing surveys or particibeneficial business relationships, there are several lesserpating in discussions on matters that affect your business at known ways to take advantage of a chamber membership. the local, state and federal levels, your voice is better repreAmong chamber offerings is a member directory prosented when your chamber is advocating on your behalf to file page, in which businesses can gain an online presence our elected leaders. Many chambers are involved in policy to increase backlinking web search counts and enhance matters, and they spend time and energy supporting their their search engine optimization (SEO). Through a profile members. Give feedback and make your voice heard. page, businesses can upload videos, social media links and Perhaps surprisingly to some, not everyone joins a chamtheir company description to enhance their multimarketber to boost business growth. Often, businesses join to be ing campaigns. Additionally, because most chambers are good community partners. For those businesses, the best considered authoritative sites with Google (verify with your way to get the most out of their membership would be to chamber) the third-party website listing gives members simply read their chamber’s e-newsletters to stay abreast of added business validation and market credibility. what’s being done with their membership dollars. Free ribbon-cutting ceremonies are another ideal avenue Of course, people join chambers for different reasons. for businesses to introduce themselves to the community, Your goal will guide how you make the most of your chamfellow chamber members and potential customers. Member membership and how it will benefit your business. Ulbers should make a ribbon-cutting a full-fledged event that timately, your chamber should provide a variety of avenues highlights whatever it is they do so attendees can experiyou can pursue to help meet and exceed those needs. ence their produce or service. Lisa Chao is vice president of membership for the Henderson As for the art of networking, those who do it best don’t Chamber of Commerce. attend events seeking to make a sale, but instead to serve as
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.
8
VEGAS INC nov. 12- NOV. 18
Could GOP’s tax plan be a game changer for stadium? By adam candee Staff Writer
You can let the bank’s shareholders keep the earnings if you want, or you could receive full benefit as a member/owner at non-profit CCCU. Your commercial banking account qualifies for our bonus dividend program. This year, we paid out $3 million dollars, and since 2001, it’s been $56 million.* • • • • •
Competitively priced deposit accounts ScanCheck Service (RDC) ACH Services Merchant Services Bill Pay Services
Choosing a banking partner for your business is about more than just an interest rate. It’s about building a reliable resource for support and innovation. We work with you to serve your needs — from securing loans, to maximizing efficiency, to managing daily transactions. Estimate your own dividend reward at CCCULV.org/Your-Bonus-Dividend.aspx
(702) 228-2228 • CCCULV.ORG * The CCCU board of directors declares the bonus dividend when earnings exceed financial requirements. Dividends are not guaranteed annually.
CCCU Vegas Inc HP 11-12-2017.indd 1
11/6/17 11:20 AM
If President Donald Trump’s tax plan completes a run through the congressional gauntlet — a tossup at best, experts say — the finances for the stadium expected to house the NFL’s Raiders in Las Vegas could significantly change. A provision in the original version of the bill would prohibit the use of tax-exempt bonds to finance public stadium projects. Such bonds would make up the bulk of the $750 million in public funding approved by the Nevada Legislature in October 2016 to build the $1.9 billion project. Steve Hill, chairman of the Las Vegas Stadium Authority board, though, dismissed chatter that the need to pay federal interest on stadium bonds could jeopardize the viability of the project. “It matters, it’s meaningful,” Hill said. “But it is not debilitating.” Hill said the authority might need to redirect about $3 million per year to pay federal interest if the law were to change. That money otherwise would go toward paying interest on issued bonds or into the bond waterfall — a reserve fund. If that were somehow to lead to the room tax funds designated for stadium construction coming up short, the Raiders would need to make up any shortfall. “The way the law is written, we have one commitment, which is simply to provide the bond capacity that (the) 0.88 percent (tax) can bond,” Hill said. “If it isn’t $750 million, then the developers — the Raiders — would be responsible for closing that gap.” Through a combination of loans from Bank of America and the NFL, as well as personal seat license and naming rights revenue from the stadium project, the Raiders plan to put $1.15 billion toward the construction of the stadium and a practice facility. Had the Raiders and the stadium authority completed their required agreements by October as originally planned, they might have mitigated the effect of the provision by beginning bond issues before the law could take effect. The four-month holdup, necessitated by a delay in completing the construction contract between the Raiders and contractors Mortenson and McCarthy, means bond issues will not begin until well into 2018. The Raiders also must put in the first $100 million of their contribution toward the stadium before they can
“The way the law is written, we have one commitment, which is simply to provide the bond capacity that (the) 0.88 percent (tax) can bond. If it isn’t $750 million, then the developers — the Raiders — would be responsible for closing that gap.” — Steve Hill, chairman of the Las Vegas Stadium Authority board
access any public money. Hill said the authority first would make a cash contribution from room tax revenues before using the rest of the funds toward bonds. “Every month that we don’t issue bonds, we’re collecting room tax that could be used to buy down the bonding it would take to get to the $750 million,” Hill said. “If we collect $50 million to $60 million in room tax, then we only need to bond $690 million. We’re not actually bonding $750 million.” Room tax revenue fell short of projections for a second consecutive month after exceeding expectations in the first five months of collections. The seven-month total of $29.3 million outpaces anticipated revenue by just under $3 million. While the tax proposal would create an estimated $200 million for the federal government over a 10-year period, its introduction could be related to the recent dustup between the president and the NFL over players kneeling during the national anthem. “Why is the NFL getting massive tax breaks while at the same time disrespecting our Anthem, Flag and Country?” Trump tweeted last month. “Change tax law!” Responding to a follow-up question at a press briefing, White House press secretary Sarah Huckabee Sanders expounded on the president’s tweet. “While the NFL may have given up its tax-exempt status a few years ago, it’s been well documented that billions of dollars continue to subsidize the construction and renovation of professional sports stadiums,” Sanders said. “If this industry is going to use money from American taxpayers to build the very fields they play on, then is it really too much to ask that they show respect for the American flag at the beginning of the game?”
9
VEGAS INC
your Business-to-business news
nov. 12- Nov. 18
Send your business-related information to news@vegasinc.com
Health insurance outreach aims to bridge federal cuts By yvonne gonzalez Staff Writer
A huge federal cut to health insurance outreach is spurring awareness efforts, with minority and rural communities considered some of the most at risk of missing the message. Open enrollment on the Silver State Health Exchange runs through Dec. 15. Heather Korbulic, executive director of the exchange, said an estimated 11 percent of Nevada residents remain uninsured and about 43,000 consumers are eligible for subsidies but not accessing them, either purchasing private plans off the exchange or just remaining uninsured. Meanwhile, the federal government has cut 90 percent from marketing and advertising for the Affordable Care Act, and instituted a 40 percent drop in outreach funding. Korbulic said individuals and groups have been stepping in to help spread awareness, including initiatives such as Save My Care and Get America Covered, a project of public relations officials in
the former Obama administration. “(They) have banded together and come up with some funds to do advertising since funding has been cut at the federal level,” Korbulic said. “So we’re just communicating with anybody who will talk to us, and it’s paid off.” There are still concerns among residents who are afraid of giving their information to the federal government, Korbulic said. Only residents living in the country legally can access exchange subsidies. She said she’s also concerned about enrollment in rural communities, where she said prices tend to be highest, regardless of income level. “I’m concerned that we’re going to go backward in terms of insuring rural communities, which has been a huge success for Nevada to get so many people out in those communities the insurance that they need,” she said. The uninsured rate in Nevada’s rural communities fell by roughly half
after Gov. Brian Sandoval became the first Republican governor in the country to expand Medicaid under the ACA. Korbulic and Rep. Ruben Kihuen, D-Nev., say some consumers are confused about what the rules are this year amid the efforts to repeal or replace Obamacare and end the tax for those who do not buy insurance. The Internal Revenue Service has said it would not accept tax returns that do not include proof of insurance forms. Korbulic said the ACA’s individual mandate would be enforced, and those who need to buy insurance but fail to do so would face a tax of $695 per year or 2.5 percent of their income, whichever is greater. Kihuen said he was sending out videos in English and Spanish to encourage residents to access insurance. “All we’re doing now is making sure that more people get health coverage,” Kihuen said. “For those who still don’t have any, let’s make it accessible to them as well.”
Korbulic said the exchange website could be translated into about 50 languages, and that in-person help was offered in Spanish and many other languages, including Chinese. She said there were customers who came through the exchange without speaking any English. “Our call center can connect you with whatever language service you need,” she said. “We’re pretty well covered where that’s concerned.” Korbulic said the first day of open enrollment went well but that she was “concerned about healthcare.gov’s ability to handle the 45-day open enrollment period,” which is half the time people have had to enroll in previous years. She said she hadn’t learned of any steps taken to ensure that the platform’s infrastructure could handle the number of applicants or a contingency plan if the site were to go down. “It’s an interesting relationship,” she said. “They’re our regulator and our vendor.”
Investing in Las Vegas Our commitment to the Nevada business community is unwavering. We’re dedicated to client service and creating opportunities for success.
Jennifer Hostetler returns to the Labor & Employment team after serving Chief Deputy Attorney General for the Personnel Division in the Nevada Office of the Attorney General.
Adrienne Brantley is a graduate of the William S. Boyd School of Law at the University of Nevada, Las Vegas and joins the firm’s Litigation practice group.
Nancy Snow brings engineering experience to our Intellectual Property practice, and is a graduate of the William S. Boyd School of Law at the University of Nevada, Las Vegas.
Join us in welcoming Jennifer Hostetler, Adrienne Brantley and Nancy Snow to the Las Vegas office.
Lewis Roca Rothgerber Christie LLP
lrrc.com
3993 Howard Hughes Parkway, Suite 600, Las Vegas, NV 89169
702 949 8200
T H E R E ’ S N OT H I N G S E X I E R T H A N SAV I N G WAT E R .
Change your watering clock to your one assigned day a week to comply with the mandatory watering schedule, which is good for you and Southern Nevada. And when you do good, you look good … real good.
FIND YOUR WATERING SCHEDULE AT CHANGEYOURCLOCK.COM SNWA is a not-for-profit water agency
EVERYBODY LET’S ROCK!
12.16.17 | 12:30PM | LVBOWL.COM
your Business-to-business news Send your business-related information to news@vegasinc.com
15
VEGAS INC nov. 12- Nov. 18
SHOP PING, fr o m page 1
Traditional meets digital in the retail space; millennials’ spending shifts watched closely national and local contingents on Nov. 3 to speak to the media and review trends for the holidays and the coming year. Online shopping has been growing at a rate of 15 percent per year, compared with 4 percent bricks-andmortar sales growth, so one might think that traditional storefronts are struggling. Melina Cordero, chief of CBRE retail research for the Americas, though, said that’s not the case. Although online shopping is exploding in popularity, bricks-and-mortar retailers are expanding into the online space and integrating the in-store experience with the advantages of online shopping, research shows. “The consumer likes shopping online, but loves omnichannel shopping more,” Cordero said. “They will browse online, try it on in-store and buy on their phones.” Over 50 percent of online sales are through bricks-and-mortar brands on their websites, she added. Although several department stores that once dominated the retail space are experiencing tough times — from shuttering locations to filing for bankruptcy — discount retailers will be the big winners this holiday season, Cordero said. The health and beauty industry and home furnishings will do well this Christmas regardless, she said. But the real winners will be discounters such as T.J. Maxx and Burlington Coat Factory. Deals are still important to post-recession consumers, she said. They are willing to pay more for some branded items, but not on everyday items such as plain T-shirts. Among other topics addressed by CBRE’s experts were: high expectations for las vegas Las Vegas has been a retail juggernaut, on the Strip and in the suburban cores, and CBRE sees the trend continuing as other industries in the area simultaneously rise. “Our economy continues to grow and is doing so much better,” said Matt Bear, vice president of global gaming retail for CBRE. “It’s about to take off when the construction being done in the city starts to take hold.”
holding back from spending on more traditional categories such as apparel, but will put their money toward convenience-driven categories like ride -hailing services and gyms, she said. “The millennials as a cohort don’t want to spend more than $10 on a white T-shirt, but they are willing to spend $35 at Soul Cycle,” Cordero said. “So you can’t call millennials cheap, because they’re spending money on Uber, restaurants and gyms.”
Some deals can only be found in-store, whether on Black Friday or a typical day. (associated press file)
“It’s a chicken-and-egg discussion. Do the jobs come and people follow, or is it the people then jobs? But really, the net migration patterns within the lower 48 states are playing big roles in the success of inland markets such as Las Vegas, Phoenix and Denver.” — Matt Vance, economist and director of research and analysis at CBRE
Projects planned and underway will attract more workers who will in turn support more retail, he said. The general economy is slowing on the national level, said Matt Vance, economist and director of research and analysis for CBRE, but research indicates that Las Vegas will continue to do well in its bounce-back. One reason is that the area is benefiting from national migration patterns. “It’s a chicken-and-egg discussion,” Vance said. “Do the jobs come and people follow, or is it the people then jobs? But really, the net migration patterns within the lower 48 states are playing big roles in the success of inland markets such as Las Vegas, Phoenix and Denver.” Las Vegas has added more jobs fairly consistently, and “a lot of that is being driven by the net migration flow into market from 2012 to 2016,” Vance said.
focus on buying habits of millennials In Las Vegas and nationally, retailers will continue to focus on millennials even though baby boomers and Gen Xers might have more disposable income overall. Cordero observed that while boomers may have a lot of income, they spend differently — millennials spend money on experiential activities such as eating out. But she predicts that will change. “As they age, older consumers will shift money away from goods while millennials will be shifting their spending toward goods,” Cordero said. “Millennials are not too different and will be moving to suburbs and buying cars. “By focusing on millennials, retailers are preparing for the massive amount of spending that will be coming from that (group).” Studies show that millennials are
shopping as a social experience Social media is playing a big role in how retailers and landlords are trying to attract millennials to their stores. With the popularity of online shopping exploding over the past decade, there is less need to go to physical shopping areas. Retailers and landlords recognize this trend and are trying to work with it, rather than fight it. “One of the things we’re going to see a lot this holiday season are these staged areas of the mall or retail (complexes), where they are encouraging Instagram, Snapchat and Twitter photos, to try and drive viral social media campaigns,” Cordero said. “People take photos, they put (them) out there, and people see it and then want to go and see it themselves.” Some mall groups in California are partnering with ride-hailing giant Uber to incentivize spending a certain amount to earn free drop-off and pick-up. Cordero said to expect more of these types of partnerships going forward in the retail realm. “It’s going to end up looking like affiliate marketing,” Bear said. “I don’t know what it’s ultimately going to look like, but there are going to be more innovative partnerships.” Those properties and landlords willing to take the extra steps — or even take risks — to attract millennial dollars likely will be on the winning side of the retail shift. “The internet economy is creating the haves and have-nots,” Bear said. “If you’re innovative and have the best environment and have the savvy and investment dollars to create partnerships, you’re going to end up winning a bigger piece of the economic pie. That is the inescapable conclusion.”
Katherine’s Steaks • Seafood • Italian
FRESH FLORIDA STONE CRAB
Wild Caught in Season Never Frozen The Most Flavorful Crab Flown Directly from Florida Keys
Mesquite Nevada California
15
St George
Las Vegas 15 15
Arizona
Utah
ONE HOUR NORTH ON
I-15
CasaBlancaResort.com Reservations Recommended 702.346.6846
17
VEGAS INC
your Business-to-business news
nov. 12- Nov. 18
Send your business-related information to news@vegasinc.com
Calendar of events TUESDAY, NOV. 14 Henderson Chamber of Commerce Networking Breakfast Time: 7-9 a.m. Cost: $35 for members; $55 for nonmembers; additional $10 for walk-ins (must have RSVP’ed by Nov. 10) Location: Sunset Station, 1301 W. Sunset Road, Henderson Information: Contact Donna Israelson of the Henderson Chamber of Commerce at 702-5658951 or disraelson@hendersonchamber.com The breakfast’s theme is “Building Tomorrow’s Workforce Together.” 2017 Philanthropy Day Awards Luncheon Time: 11:30 a.m.-1:30 p.m. Cost: $70 Location: Grand Ballroom at the Westgate, 3000 Paradise Road, Las Vegas Information: Call 702-798-5156, visit afplasvegas.org, or email sylinlv@cox.net or info@ afplasvegas.org The Las Vegas chapter of the Association of Fundraising Professionals honors the winners of the 2017 National Philanthropy Day Awards. Building Owners and Managers Association Nevada November luncheon Time: 11:30 a.m. Cost: $35 for members and $40 for nonmembers with advanced registration; $45 without advanced registration Location: Las Vegas Country Club, 3000 Joe W. Brown Drive, Las Vegas Information: Call 702-938-2662 or visit bomanevada.org Network, eat lunch and get a legislative update. A panel discussion will include Assemblymen Chris Brooks, Jason Frierson and Keith Pickard, and state Sen. Scott Hammond. Clark County Association of Health Underwriters luncheon Time: 11:30 a.m. Cost: $30 for members and $40 for nonmembers with advanced registration by Nov. 13; $35 for members and $45 for nonmembers without advanced registration Location: Sierra Gold, 6515 S. Jones Blvd., Las Vegas Information: Email Info@clarkcountyahu.org or visit clarkcountyahu.org Get the latest information about individual health plans being offered on and off the exchange for 2018. Tech Training: Cybersecurity Time: 11:30 a.m.-1:30 p.m. Cost: Free Location: University of Phoenix RedFlint Experience Center, 300 S. Fourth St., Suite 180, Las Vegas Information: Call 800-240-7094 or visit nsbdc. org Bring a lunch and take part in two hours of technology advancement. Topics include: cybersecurity 101, data protection, how to trust security of email and text messaging, browser security, viruses/malware, and threats and solutions.
United Way of Southern Nevada Young Philanthropists Society Lunch with Leaders Time: 12:30-1:30 p.m. Cost: $10 Location: Grimaldi’s Pizzeria, 750 S. Rampart Blvd., Suite 7, Las Vegas Information: Call 702-892-2300 or visit uwsn.org Meet and learn from some of Southern Nevada’s most influential business and community leaders.
WEDNESDAY, NOV. 15 Part 4: Veterans Business Plan Training Time: 4-7 p.m. Cost: Free Location: Las Vegas Urban League, 3575 W. Cheyenne Ave., Suite 101, North Las Vegas Information: Call the Nevada Women’s Business Center at 702-734-3555 This entrepreneurial training series for veterans offers a step-by-step approach to writing a business plan. Social Register of Las Vegas business networking event Time: 6-8 p.m. Cost: Free for members; $20 for nonmembers Location: Salute, 11011 W. Charleston Blvd., Las Vegas Information: Call the Social Register of Las Vegas at 702-256-0123 Expand your network and establish or cultivate relationships with executives and business owners. Where’s the Contract? State and Local Government Contracting: Buying and Selling Perspectives Time: 2-3:30 p.m. (also Nov. 16) Cost: Free Location: Online Information: Call 800-240-7094 or visit nsbdc.org Learn about public-sector contracting. This webinar is for small businesses with little or no government contracting experience.
THURSDAY, NOV. 16 Business, Legal and Tax Issues in the Cannabis Industry Time: 11:30 a.m.-1 p.m. Cost: $30 for members; $40 for nonmembers Location: Lawry’s the Prime Rib, 4043 Howard Hughes Parkway, Las Vegas Information: Call 775-826-6800 or visit nevadacpa.org The Las Vegas chapter of the Nevada Society of Certified Public Accountants presents a panel discussion on issues professionals face when servicing the cannabis industry. Finding the Unconscious Drivers of Customer Behavior Time: 10 a.m. (register by Nov. 14) Cost: $179 per computer (multiple viewers allowed) Location: Online Information: Contact Dave Newton at 702-2559891 or dave.newton@cdcgamingseminars.com This 90-minute webinar will explain the latest tools being used in the marketing world.
Vegas Young Professionals Fusion Mixer Time: 6-8 p.m. Cost: $10 for members; $15 for nonmembers Location: Sugar Factory, 3200 Las Vegas Blvd. South, Las Vegas Information: Contact Danica Torchin at 702586-3834 or dtorchin@lvchamber.com Bring out your inner child and treat yourself to candy and chocolate-themed drinks. MJ Biz Con Party Time: 6:30-8:30 p.m. Cost: Free for National Cannabis Bar Association members; $20 for nonmembers (reservations required) Location: Cosmopolitan, 3708 Las Vegas Blvd. South, Las Vegas Information: Call 415-723-6222, email info@ canbar.org or visit canbar.org Join the National Cannabis Bar Association for a happy hour mixer.
FRIDAY, NOV. 17 Chamber University: Nevada Prepaid Tuition Program Time: 8:15-9:45 a.m. Cost: Free Location: Online Information: Contact Danica Torchin at 702586-3834 or dtorchin@lvchamber.com This interactive webinar will cover how the Nevada Prepaid Tuition Program works and how employers can receive tax credits. HR 7-7-7 Webinar Time: 8:15-9:45 a.m. Cost: $77.77 for Nevada Association of Employers members; $117.77 for nonmembers Location: Online Information: Visit nevadaemployers.org This three-part webinar series addresses important areas of human resources. This session is titled “Termination — The 7 Steps Before You Terminate.”
SATURDAY, NOV. 18 Green Tie Awards Time: Noon-3 p.m. Cost: $125 Location: Aria, Las Vegas Information: Call the Las Vegas Urban Chamber of Commerce at 702-648-6222 or visit urbanchamber.org The Las Vegas Urban Chamber of Commerce’s Green Tie Awards put the spotlight on many entrepreneurs, companies and organizations that help make the community a vibrant and memorable place to do business. Small Business Start Smart Time: 9-11:30 a.m. Cost: Free Location: Las Vegas Urban League, 3575 W. Cheyenne Ave., Suite 101, North Las Vegas Information: Call 800-240-7094 or visit nsbdc.org Anyone considering owning a business can attend this training to learn crucial first-step basics that will save money and time.
18
VEGAS INC nov. 12- NOV. 18
the data Send your business-related information to news@vegasinc.com
Records and Transactions BID OPPORTUNITIES
Tenant agent: The Larkin Group and NAI Vegas
Nov. 16
$1,100,902 for 38,400 square feet, industrial 4030 Industrial Center Drive, Suite 500, North Las Vegas 89030 Landlord: Prologis Landlord agent: Did not disclose Tenant: Technibilt Tenant agent: The Larkin Group and NAI Vegas
2:15 p.m. Casino Drive, Harrah’s driveway to State Route 163 storm drain Clark County, 604599 Tom Boldt at tboldt@clarkcountynv.gov
Nov. 17 2:15 p.m. Flamingo wash at Eastern Avenue Clark County, 604340 Tom Boldt at tboldt@clarkcountynv.gov 2:15 p.m. Annual streetlight installation, modification and maintenance contract Clark County, 604631 Ashley Peterson at ashley.blanco@ clarkcountynv.gov 3 p.m. Annual requirements contract for janitorial services at the Cambridge campus Clark County, 604654 Deon Ford at deonf@clarkcountynv.gov
Nov. 28 2:15 p.m. Family courts elevator modernization Clark County, 604665 Sandy Moody-Upton at scm@ clarkcountynv.gov
Brokered transactions Sales $19,000,000 for 208 units, multifamily residential 5400 S. Maryland Parkway, Las Vegas 89119 Seller: 29SC Country Hills Seller agent: Devin Lee, Robin Willett, Jerad Roberts and Jason Dittenber of Northcap Multifamily Buyer: Did not disclose Buyer agent: Did not disclose $2,750,000 for 10,000 square feet, office 9070 W. Cheyenne Ave., Las Vegas 89129 Seller: Did not disclose Seller agent: Ryan McCullough and Tina D. Taylor of Marcus & Millichap Buyer: Did not disclose Buyer agent: Did not disclose
Leases $1,724,184 for 57,893 square feet, industrial 2855 E. Lone Mountain Road, Suite 130, North Las Vegas 89081 Landlord: Prologis Landlord agent: Did not disclose Tenant: P&R Paper Supply Co.
Target Optical #4732 License type: Miscellaneous sales/ service Address: 695 S. Green Valley Parkway, Henderson Owner: Nicola Brandolese Target Plumbing Specialists License type: Contractor Address: 1536 Silandro Drive, Las Vegas Owner: James Back
$693,344 for 23,675 square feet, office 6875 Speedway Blvd., Las Vegas 89115 Landlord: Speedway Commerce Center/Harsch Investment Properties Landlord agent: Rob Lujan and Jason Simon of Jones Lang LaSalle Tenant: Exhibit Services Tenant agent: The Larkin Group and NAI Vegas
Target Store #T-0680 License type: Drug/Department/ Variety Store Address: 605 N. Stephanie St., Henderson Owner: Target Corp.
$412,836 for 7,535 square feet, office 6283 S. Valley View Blvd., Suite F, Las Vegas 89118 Landlord: Valley View I, II & III LLC/ Mark IV Capital Properties Landlord agent: Spencer Pinter of Colliers International Tenant: Grimco Tenant agent: The Larkin Group and NAI Vegas
TB Management License type: Management or consulting service Address: 9555 Hillwood Drive, Suite 103, Las Vegas Owner: John and Thomas Breitling
BUSINESS LICENSES T-N-T License type: Personal services Address: 2888 Evergold Drive, Henderson Owner: Tracey Johnson TLC Mobile Dog Grooming License type: Interjurisdictional business Address: 952 Country Back Road, Las Vegas Owner: Sherry Roehl Tactical Resources License type: Miscellaneous sales/ service Address: 1542 Little Dove Court, Henderson Owner: Tactical Resources Taj Palace License type: Restaurant Address: 9530 S. Eastern Ave., Suite 180, Henderson Owner: Jai Gurudev Taney Engineering License type: Engineering Address: 6030 S. Jones Blvd., Suite 100, Las Vegas Owner: Taney Engineering Taqueria Vences License type: Mobile food vendor Address: 2025 E. Sahara Ave., Las Vegas Owner: Duque LLC
Taylormade Landscape License type: Contractor Address: 3408 Balanced Rock St., Las Vegas Owner: Jamel Taylor
TCB Plumbing License type: Contractor Address: 260 Shadybrook Lane, Las Vegas Owner: Bruce Burns TCS Cabinets License type: Miscellaneous sales/ service Address: 628 Middlegate Road, Suite 7, Henderson Owner: TCS Cabinets TDM Services License type: Contractor Address: 960 Empire Mesa Way, Henderson Owner: Commercial Systems Co. Team Acme License type: Miscellaneous sales/ service Address: 150 N. Gibson Road, Suite D, Henderson Owner: Team Acme Tech Mech License type: Contractor Address: 7208 Eve Court, Las Vegas Owner: Edward Borelli Technical Air License type: Contractor Address: 3230 Polaris Ave., Las Vegas Owner: Technical Air Technotwist License type: Miscellaneous sales/ service Address: 56 El Rio Court, Henderson Owner: Technotwist Techsico License type: Contractor Address: 489 W. Victory Road,
Henderson Owner: Techsico Telgian Corp. License type: Contractor Address: 2470 St. Rose Parkway, Suite 105, Henderson Owner: Telgian Corp. Temprite License type: Contractor Address: 1111 Mary Crest Road, Suite O, Henderson Owner: Temprite Air Conditioning & Heating Ten Horse Construction License type: Contractor Address: 1220 Colt Drive, Henderson Owner: Ten Horse Construction Terminix International License type: Property maintenance Address: 1856 Pama Lane, Suite B, Las Vegas Owner: Terminix International Terra South Corp. License type: Contractor Address: 9550 S. Eastern Ave., Suite 253, Las Vegas Owner: Terra South Corp. Terrace Banquet Halls License type: Restaurant Address: 1361 W. Warm Springs Road, Henderson Owner: Terrace Banquet Halls Terrace Banquet Halls License type: Catering with liquor Address: 1361 W. Warm Springs Road, Henderson Owner: Terrace Banquet Halls Terrible’s #159, #160 and #161 License types: Beer/wine/spiritbased product off-sale (159); miscellaneous sales/service (160); gasoline, diesel or motor vehicle fuel sales (161) Address: 4036 E. Sunset Road, Henderson Owner: Terrible Herbst Terrible’s #226 and #227 License types: Gasoline, diesel or motor vehicle fuel sales (226); miscellaneous sales/service (227) Address: 4190 E. Sunset Road, Henderson Owner: Terrible Herbst Terrible’s #235, #236 and #237 License types: Beer/wine/spiritbased product off-sale (235); gasoline, diesel or motor vehicle fuel sales (236); miscellaneous sales/service (237) Address: 220 W. Sunset Road, Henderson Owner: Terrible Herbst Terrible’s Car Wash #160 and #161 License types: Miscellaneous sales/service (160); automotive repair (161)
Address: 4036 E. Sunset Road, Henderson Owner: Terrible Herbst Terrible’s Lube #192 License type: Miscellaneous sales/ service Address: 2601 Wigwam Parkway, Henderson Owner: Terrible Herbst Tesla Energy License type: Contractor Address: 7370 Eastgate Road, Suite 125, Henderson Owner: SolarCity TGJ Painting License type: Contractor Address: 149 N. Gibson Road, Suite M, Henderson Owner: Thomas Giambattista III Thatcher Co. of Nevada License type: Miscellaneous sales/ service Address: 90 Business Center St., Henderson Owner: Thatcher Co. of Nevada The Art Institute of Las Vegas License type: School Address: 2340 Corporate Circle, Suite 200, Henderson Owner: The Art Institute of Las Vegas Inc. The Donut Bouquet License type: Restaurant Address: 2053 Pama Lane, Las Vegas Owner: Le Donut Bouquet The Goodwich License type: Beer/wine cooler on-sale Address: 900 Las Vegas Blvd. South, Suite 120, Las Vegas Owner: The Goodwich Soho The Joint — The Chiropractic Place License type: Medical office Address: 1311 W. Sunset Road, Suite 105, Henderson Owner: Joint Ventures The Management Trust License type: Real estate sales Address: 8485 W. Sunset Road, Suite 100, Las Vegas Owner: The Management Association The Matt Dorman Cos. License type: Contractor Address: 2816 Waterview Drive, Las Vegas Owner: MG Services The Pool Doctors License type: Property maintenance Address: 857 Bussora Rose Drive, Henderson Owner: Clearwater Services The Revolution FMO License type: Insurance agency or adjusting firm Address: 40 E. Horizon Ridge
19
VEGAS INC
the data
nov. 12- Nov. 18
Send your business-related information to news@vegasinc.com
Records and Transactions Parkway, Suite 200, Henderson Owner: The Revolution FMO
Drive, Suite 120, Henderson Owner: Thoroughbred Management
The Right Choice Realty License type: Gasoline, diesel or motor vehicle fuel sales Address: 8925 S. Pecos Road, Suite 15C, Henderson Owner: The Right Choice Realty
TIB Group USA License type: Property maintenance Address: 1010 N. Stephanie St., Suite A3, Henderson Owner: Quick Dry
The Roof Doctor License type: Contractor Address: 5000 W. Oakey Blvd., Las Vegas Owner: Richard Blunk The Suncoast Hotel and Casino — Pengzu License type: Restaurant Address: 9090 Alta Drive, Las Vegas Owner: Coast Hotels & Casino The Sunny Plumber License type: Contractor Address: 7270 W. Lake Mead Blvd., Suite 190, Las Vegas Owner: Las Vegas Peach The Tiberti Co. License type: Contractor Address: 1806 Industrial Road, Las Vegas Owner: Renaldo Tiberti The Water Heater Man License type: Contractor Address: 3700 Meade Ave., Las Vegas Owner: Orlo E. Cox Jr. Thelens License type: Property maintenance Address: 3411 Sunfish Drive, Suite C, Henderson Owner: Clay Thelen Thistle DKI License type: Contractor Address: 2710 Highland Drive, Las Vegas Owner: Thistle Construction Thomas Floors License type: Contractor Address: 3212 W. Desert Inn Road, Las Vegas Owner: Eva Piorkowski Thompson Neon Sign Co. License type: Contractor Address: 1931 Losee Road, Las Vegas Owner: Thompson Development Co. Thompson Pool Service License type: Contractor Address: 8221 Willeta Ave., Las Vegas Owner: Jonathan Thompson Thor Electrical License type: Contractor Address: 3709 Paul De Weert Court, Las Vegas Owner: Harry Jones Thoroughbred Management License type: Real estate sales Address: 710 Coronado Center
Tiberias Security Solutions License type: Private investigators/related occupations Address: 2550 E. Tropicana Ave., Suite 19-110, Las Vegas Owner: Larry Kessler Tiburon Construction License type: Contractor Address: 3110 Polaris Ave., Las Vegas Owner: TFC Enterprises Tidewater Finance Co. License type: Finance Address: 178 N. Pecos Road, Suite 205, Henderson Owner: Tidewater Finance Co. TIG Works License type: Contractor Address: 3170 Polaris Ave., Las Vegas Owner: Sondra Urbauer Tile & Carpet Gallery License type: Contractor Address: 908 E. Sahara Ave., Las Vegas Owner: Joaquim Figueiredo Tile Savers of Nevada License type: Contractor Address: 1440 S. Monte Cristo Way, Las Vegas Owner: Tile Savers of Nevada Tillard Electric License type: Contractor Address: 2709 Cheshire Court, Las Vegas Owner: Robin Tillard Tingson Law Office License type: Professional services Address: 4550 W. Oakey Blvd., Suite 111, Las Vegas Owner: Tingson Heliodoro Jr. Titlemax License type: Check cashing and financial services Address: 1210 N. Boulder Highway, Suite C, Henderson Owner: Titlemax of Nevada TJ Maxx #568 License type: Clothing sales Address: 480 N. Stephanie St., Henderson Owner: The TJX Cos. TNM Construction License type: Contractor Address: 11933 Orense Drive, Las Vegas Owner: TNM Construction Todd’s License type: Restaurant with bar
Address: 4350 E. Sunset Road, Suite 102, Henderson Owner: Chef’s Restaurant Concepts Todo Painting and Decorating License type: Contractor Address: 830 Vermillion Drive, Henderson Owner: Todo Painting and Decorating Tokyo World License type: Miscellaneous sales/ service Address: 1300 W. Sunset Road, Suite 1301, Henderson Owner: Aidii International Toll Henderson License type: Contractor Address: 1140 N. Town Center Drive, Las Vegas Owner: Richard Hartman Top Dog Lawn Care License type: Residential property maintenance Address: Did not disclose Owner: Patricia Johnson Top Rank Builders License type: Contractor Address: 2941 Loreelie St., Pahrump Owner: Efrain Morales Moreno Total Air License type: Contractor Address: 1023 Lone Pine River Ave., Henderson Owner: Total Air Total Western License type: Contractor Address: 7360 Eastgate Road, Suite 100, Henderson Owner: Total Western Tovar Landscape & Design License type: Contractor Address: 295 Davis Hill Court, Las Vegas Owner: Did not disclose Tovar Landscape & Design License type: Contractor Address: 295 Davis Hill Court, Henderson Owner: Tovar Landscape & Design Towneplace Suites License types: Beer/wine/spiritbased product off-sale; miscellaneous sales/service; hotel/motel Address: 1471 Paseo Verde Parkway, Henderson Owner: Solstar Paseo Verde Owner Trademaster Construction License type: Contractor Address: 482 Tiger Lily Way, Henderson Owner: Thomas Zaczek Tradewinds Construction License type: Contractor Address: 1714 W. Bonanza Road, Las Vegas Owner: Tradewinds Building &
Development
Owner: TWC Construction
Trails End Mobile Home Service License type: Contractor Address: 1021 Las Vegas Blvd. North, Las Vegas Owner: Craig Brauticam
Twin Busch License type: Automotive parts/ service Address: 730 W. Cheyenne Ave., Suite 90, North Las Vegas Owner: Twin Busch
TRC Electric Service License type: Contractor Address: 270 W. Longacres Drive, Henderson Owner: TRC Electric Service Treasure Hunt License type: General retail sales Address: 1717 S. Decatur Blvd., Booth D7, Las Vegas Owner: Michael Harris Trenton Smoke Shop License type: Tobacco dealer Address: 8550 W. Charleston Blvd., Suite 101, Las Vegas Owner: Trenton Smokes Shop Trim Tech License type: Contractor Address: 1009 Adobe Flat Drive, Henderson Owner: Trim Tech Triple H Contracting License type: Contractor Address: 2335 Silver Wolf Drive, Henderson Owner: Triple H Contracting Triple K Trailer Court License type: Mobile home park Address: 117 King St., Henderson Owner: Roy Pryor Triton Framing License type: Contractor Address: 212 Black Eagle Ave., Henderson Owner: Triton Framing Triton Security License type: Private investigators/related occupations Address: 800 S. Jones Blvd., Las Vegas Owner: Triton Security Tropical Smoothie Cafe NV46 License type: Restaurant Address: 2850 Bicentennial Parkway, Suite 120, Henderson Owner: Veritasfaytheeleven LLC Tru Built Customs License type: Contractor Address: 111 W. Fairway Road, Las Vegas Owner: Did not disclose TSI License type: Contractor Address: 9555 Del Webb Blvd., Las Vegas Owner: TSI Sales & Installation TWC Construction License type: Contractor Address: 431 Eastgate Road, Henderson
TWR Development License type: Contractor Address: 701 Shadow Lane, Las Vegas Owner: Tower Realty & Development Unique Plumbing License type: Contractor Address: 2900 Sunridge Heights Parkway, Suite 411, Las Vegas Owner: Did not disclose Valdez & Rubio Auto License type: Automotive garage (major) Address: 4561 E. Bonanza Road, Suite 110, Las Vegas Owner: Jose Tiscareno and Luis Rubio Tapia Vegas Family Vision License type: Professional services — medical Address: 923 S. Rainbow Blvd., Las Vegas Owner: Clarity Vision Vegas Plumbing Service License type: Contractor Address: 1045 American Pacific Drive, Suite 150, Las Vegas Owner: Did not disclose Vegas Valley Developers License type: Contractor Address: 1013 Whitney Ranch Drive, Suite 110, Las Vegas Owner: Did not disclose Vegaszone Construction License type: Contractor Address: 329 Cavalla St., Las Vegas Owner: Did not disclose Vergith Contracting Co. License type: Contractor Address: 810 Dusan Way, Suite 100, Las Vegas Owner: Did not disclose Versatile Marketing Solutions License type: Contractor Address: 1485 W. Warm Springs Road, Suite 107, Las Vegas Owner: Did not disclose Vicki Kallman License type: General services (counter/office) Address: Did not disclose Owner: Vicki Kallman Victor Sotelo License type: Real estate sales Address: 10220 W. Charleston Blvd., Suite 3, Las Vegas Owner: Victor Sotelo Vision Construction Services
20
VEGAS INC
your Business-to-business news
nov. 12- NOV. 18
Send your business-related information to news@vegasinc.com
Records and Transactions License type: Contractor Address: 1117 Christian Road, Las Vegas Owner: Did not disclose Vision Landscape License type: Contractor Address: 814 Center St., Las Vegas Owner: Did not disclose Wallin Construction License type: Contractor Address: 1051 Olsen St., Suite 3511, Las Vegas Owner: Did not disclose Walnut Music Academy License type: Instruction services Address: 2906 Lake East Drive, Las Vegas Owner: Zhu Sun Water FX License type: Contractor Address: 740 N. Valle Verde Drive, Las Vegas Owner: Did not disclose
BUILDING PERMITS $16,193,042, commercial — addition 475 Rock Quarry Way, North Las Vegas Holder Construction Group $1,720,311, commercial — addition 6155 E. Azure Ave., North Las Vegas Burke Construction Group $253,628, single-family dwelling 2212 Ledge Rock Lane, Henderson Pardee Homes $228,726, commercial — addition 1435 W. Craig Road, North Las Vegas Hadfield Building Corp. $223,796, single-family dwelling 370 E. Chaparral Drive, Henderson Rose Line $195,627, single-family dwelling 3073 Villanelle Ave., Henderson Century Communities $177,162, single-family dwelling 948 Soaring Moon Drive, Henderson Did not disclose
$176,220, single-family dwelling 390 E. Chaparral Drive, Henderson Rose Line
398 Espressivo St., Henderson Richmond American Homes of Nevada
$173,281, single-family dwelling 8 Vista Outlook St., Henderson Woodside Homes
$128,644, single-family dwelling 15 Via Amarone, Henderson Ryland Homes
$169,621, single-family dwelling 2872 Aragon Terrace Way, Henderson KB Home
$126,869, single-family dwelling 1556 Olivia Parkway, Henderson Century Communities
$168,673, residential — new 825 Condor Creek Court, North Las Vegas Pardee Homes of Nevada $161,809, residential — new 824 Condor Creek Court, North Las Vegas Pardee Homes of Nevada $160,000, residential — new 45 W. Kraft Ave., North Las Vegas Did not disclose $156,701, single-family dwelling 2486 Cingoli St., Henderson KB Home $149,493, single-family dwelling 652 Cadence View Way, Henderson Woodside Homes $143,336, residential — new x3 820, 821 and 829 Condor Creek Court, North Las Vegas Pardee Homes of Nevada $137,904, single-family dwelling 2711 Marvel Astoria St., Henderson Did not disclose $136,906, single-family dwelling 2968 Capobella Ave., Henderson KB Home $132,081, single-family dwelling 333 Cadence View Way, Henderson Woodside Homes $129,068, commercial — alteration 1301 W. Craig Road, North Las Vegas Kittrell Jensen Contractors $128,921, single-family dwelling 349 Cadence View Way, Henderson Woodside Homes $128,699, single-family dwelling
$126,403, residential — new 4220 Seclusion Bay Ave., North Las Vegas Beazer Homes Holdings $126,197, residential — new 3952 Lorikeet Drive, North Las Vegas Richmond American Homes of Nevada $126,197, residential — new 6305 Cotinga St., North Las Vegas Richmond American Homes of Nevada $125,428, residential — new 6308 Cotinga St., North Las Vegas Richmond American Homes of Nevada $122,645, commercial — alteration 655 W. Craig Road, North Las Vegas Lia Construction $120,271, single-family dwelling 3033 Scenic Rhyme Ave., Henderson Century Communities $120,271, single-family dwelling 1141 Via Della Curia, Henderson Century Communities $119,494, single-family dwelling 395 Mano Destra Lane, Henderson Richmond American Homes of Nevada $117,775, single-family dwelling 23 Strada Fontana, Henderson Ryland Homes $117,276, single-family dwelling 2958 Duverney Ave., Henderson KB Home $117,276, single-family dwelling 2966 Capobella Ave., Henderson KB Home
$106,408, single-family dwelling 2466 Sylvan Hymn St., Henderson Did not disclose
$116,922, residential — new 3948 Lorikeet Drive, North Las Vegas Richmond American Homes of Nevada $116,001, single-family dwelling 391 Mano Destra Lane, Henderson Richmond American Homes of Nevada $115,000, rehabilitation 3638 Glacier Grove Drive, North Las Vegas Copper Creek Construction $114,395, residential — new 332 Tyler Texas Place, North Las Vegas Woodside Homes of Nevada $114,171, single-family dwelling 396 Espressivo St., Henderson Richmond American Homes of Nevada $114,171, single-family dwelling x2 867 and 871 N. Water St., Henderson Richmond American Homes of Nevada $113,202, residential — new 6309 Cotinga St., North Las Vegas Richmond American Homes of Nevada $112,840, single-family dwelling 2776 Alta Vista St., Henderson Did not disclose
$103,192, single-family dwelling 881 N. Water St., Henderson Richmond American Homes of Nevada $102,527, single-family dwelling x2 2936 and 2944 Duverney Ave., Henderson Did not disclose $102,194, residential — new 2872 Cabrillo Terrace St., Henderson KB Home $102,194, residential — new x2 2865 and 2873 Tanager Hill St., Henderson KB Home $101,806, single-family dwelling 260 Via Della Fortuna, Henderson Century Communities $101,639, single-family dwelling x8 325, 329, 337, 341, 345, 353, 357 and 361 Cadence View Way, Henderson Woodside Homes $100,899, residential — new x2 1925 and 1945 Pinsky Lane, North Las Vegas Richmond American Homes of Nevada
$110,250, commercial — addition 7740 Eastgate Road, Henderson Audi Henderson
$96,261, residential — new x3 2864, 2866 and 2870 Cabrillo Terrace St., Henderson KB Home
$110,047, residential — new x2 816 and 817 Condor Creek Court, North Las Vegas Pardee Homes of Nevada
$96,261, residential — new 2867 Tanager Hill St., Henderson KB Home
$109,801, residential — new 1948 Soto Lane, North Las Vegas Richmond American Homes of Nevada
$95,429, single-family dwelling 384 Al Coda Place, Henderson Richmond American Homes of Nevada
$109,801, residential — new 3221 Rosenberg Way, North Las Vegas Richmond American Homes of Nevada
To receive a complete copy of Data Plus every week in Excel, please visit vegasinc.com/subscribe.
Conventions
Show Location Dates
expected attendance
American Ambulance Association Annual Conference
Caesars Palace
Nov. 13-15
400
Franchise Times Restaurant Finance and Development Conference
Cosmopolitan
Nov. 13-15
2,500
Anne Holland Ventures Annual National Marijuana Business Conference Las Vegas Convention Center
Nov. 15-17
10,000
SKUSA Pro Tour
Las Vegas Convention Center
Nov. 15-19
10,000
Vegas Baby Invitational
Caesars Palace
Nov. 18-22
600
WHO WILL
YOU
QUIT SMOKING FOR?
Make The Promise. Comprehensive Cancer Centers of Nevada is proud to partner with UNLV to help students, residents and visitors quit smoking. Look for our tobacco drop-off bins located at UNLV’s Maryland Campus, Shadow Lane Campus and Paradise Campus as well as Thomas & Mack Center or Sam Boyd Stadium during events. For more information visit iquitfor.com.
iquitfor.com • #iquitfor
22
VEGAS INC
your Business-to-business news
nov. 12- NOV. 18
Send your business-related information to news@vegasinc.com
The List
Category: banks and thrifts (List ranked by local deposits in Clark County as of June 30)
Bank
Local deposits
Local branches
National deposits
National branches
Wells Fargo Bank 3800 Howard Hughes Parkway Las Vegas, NV 89169 702-791-6353 • wellsfargo.com
$13,391,582,000
74
$1,224,399,418,000
6,013
Timothy Sloan, president/CEO
2
Bank of America 300 S. 4th St. Las Vegas, NV 89101 702-654-7900 • bankofamerica.com
$12,609,324,000
50
$1,257,541,376,000
4,553
Brian Moynihan, CEO
3
Wells Fargo Financial National Bank 4425 Spring Mountain Road Las Vegas, NV 89102 702-368-5900 • wellsfargo.com
$7,043,527,000
1
N/A
0
Timothy Sloan, president/CEO
4
Bank of Nevada* (*a division of Western Alliance Bank) 2700 W. Sahara Ave. Las Vegas, NV 89102 702-248-4200 • westernalliancebancorporation.com
$3,556,307,000
10
$12,526,618,000
27
Robert Sarver, chairman/CEO
5
JPMorgan Chase Bank 9911 W. Charleston Blvd., Suite 1 Las Vegas, NV 89117 702-938-0050 • chase.com
$3,406,094,000
48
$1,266,710,903,000
5,236
Jamie Dimon, president/CEO
6
U.S. Bank National Association 2300 W. Sahara Ave. Las Vegas, NV 89102 702-251-1600 • usbank.com
$3,083,714,000
68
$326,384,539,000
3,105
Andrew Cecere, president/CEO
7
Nevada State Bank* (*a division of Zion Bank) 750 E. Warm Springs Road Las Vegas, NV 89119 702-855-4612 • nsbank.com
$2,958,002,000
30
$49,827,399,000
409
Terry Shirey, president/CEO
8
Beal Bank USA 1970 Village Center Circle, Suite 1 Las Vegas, NV 89134 702-598-3500 • bealbank.com
$2,202,706,000
1
$522,798,000
22
Andrew Beal, president/CEO
9
Citibank 8701 W. Sahara Ave. Las Vegas, NV 89117 702-505-9891 • online.citi.com
$1,271,000,000
9
$503,160,000,000
709
Barbara Desoer, CEO
Bofi Federal Bank 9205 W. Russell Road, Suite 400 Las Vegas, NV 89148 877-247-8002 • bofifederalbank.com
$806,419,000
1
$6,174,443
1
Gregory Garrabrants, president/CEO
1
10
Top executive
Source: Federal Deposit Insurance Corporation and VEGAS INC research. It is not the intent of this list to endorse the participants or to imply that the listing of a company indicates its quality. Visit vegasinc.com for more. Although every attempt is made to ensure the accuracy and thoroughness of VEGAS INC charts, omissions sometimes occur and some businesses do not respond. Please send corrections or additions to Jamie Gentner, research associate, jamie.gentner@lasvegassun.com. Send mail care of VEGAS INC, 2275 Corporate Circle, Third floor, Henderson, NV 89074.
A Bank for Professionals by Professionals We’re a financially strong community bank who cares about you and your financial future. Organized by local businessmen to provide a good banking alternative to the communities we serve, our decisions are made by the bank’s Nevada-based board of directors. We offer a full suite of banking products and services in a highly personalized banking environment. All deposits FDIC insured to the maximum limits
702.471.2265 | meadowsbank.bank
ALSO ON SALE
DEC 16 Las Vegas Bowl
•
MAR 2-4 USA Sevens Rugby Tournament (702) 739-FANS
•
MAR 23-24 Monster Jam World Finals XIX
Mobile Phone via unlvtickets.com Thomas & Mack Center Ticket Office
•
La Bonita Supermarkets
City NationalÂŽ is proud to support Nevada businesses. Fine Dining
Marketing Company
Medical Industry Supplier
$2,000,000
$750,000
$738,500
Real Estate Loan & Line of Credit
Revolving Line of Credit
SBA Real Estate Loan
Office Building
Office Building
Manufacturer
Aerospace Defense Electronics
Retailer
$1,240,000
$20,000,000
$1,400,000
Term Loan for Equipment
Line of Credit
Working Capital Line of Credit
Participation
Manufacturing & Fabrication
Computer Services
Automotive Services
$6,000,000
$500,000
$755,000
Line of Credit
Lease
Real Estate Loan
Industrial/Office Building
For more information, please contact: Bruce Ford | SVP/Regional Banking Manager | (702) 952-4428 | Bruce.Ford@cnb.com Scott Aney | Nevada Regional Executive | (702) 952-4440 | Scott.Aney@cnb.com City National is the bank built on client referrals. CNB MEMBER FDIC
Š2017 City National Bank. All Rights Reserved. City National Bank is a subsidiary of Royal Bank of Canada.
Download Sizzle from the app store for an exclusive City National Bank experience >
CNB.COM/REFERRALS 6603.04