2015-04-12 - VEGAS INC - Las Vegas

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BY ELI SEGALL | STAFF WRITER When Las Vegas’ construction industry was white hot last decade, few places grew as fast as the southwest valley. Buoyed by new freeway access and Wall Street’s easy money, investors flipped land for profit and built subdivisions, strip malls, office buildings and hospitals, with even more plans for an area that years earlier was largely open desert. But business plunged with the recession. Las Vegas’ Reconstruction Today, 48,500 people work in construction locally, up 39 percent from the depths of the Great Recession. (STEVE MARCUS/STAFF) In the southwest valley, building projects are popping up again after years of delays and defaults SOUTHWEST, CONTINUED ON PAGE 10 VEGASINC.COM | APRIL12-18, 2015 10 Nevada’s rank nationally for economic competitiveness, according to the Ameri- can Legislative Exchange Council’s “Rich States, Poor States” study. Nevada ranked No. 8 in 2014. 15,200 Size, in square feet, of a new Hooters scheduled to open next month near the pool of the Palms. It will be the larg- est Hooters in the world.

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Transcript of 2015-04-12 - VEGAS INC - Las Vegas

Page 1: 2015-04-12 - VEGAS INC - Las Vegas

BY ELI SEGALL | STAFF WRITER

When Las Vegas’ construction industry was white hot last decade, few places grew as fast as the southwest valley. ¶ Buoyed by new freeway access and Wall Street’s easy money, investors flipped land for profit and built

subdivisions, strip malls, office buildings and hospitals, with even more plans for an area that years earlier was largely open desert. ¶ But business plunged with the recession.

Las Vegas’ ReconstructionToday, 48,500 people work in construction locally, up 39 percent from the depths of the Great Recession. (STEVE MARCUS/STAFF)

In the southwest valley, building projects are popping up again after years of delays and defaults

SOUTHWEST, CONTINUED ON PAGE 10

V E G A S I N C . C O M | A P R I L 1 2 - 1 8 , 2 0 1 5

10Nevada’s rank nationally for

economic competitiveness,

according to the Ameri-

can Legislative Exchange

Council’s “Rich States,

Poor States” study. Nevada

ranked No. 8 in 2014.

15,200Size, in square feet, of a new

Hooters scheduled to open

next month near the pool of

the Palms. It will be the larg-

est Hooters in the world.

1,10,15_VICover_20150412.indd 1 4/10/15 2:36 PM

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05 06 18Q+A WITH CATHY TULLThe senior vice president of marketing for the Las Vegas Convention and Visitors Authority talks about the city’s rise as a foodie des-tination, the future of the city’s convention industry and the biggest issue facing Southern Nevada.

THE NOTESPeople on the move, P4

MEET: GOTTA LOVE CHEESECAKEHeidi Heath and Kathy Bastian started their dessert business with Grandma’s recipes and a simple phi-losophy: Treat customers like family, because no one is more important than family.

TALKING POINTSRipple effects of trade reach across oceans, P7

DATA AND PUBLIC INFORMATIONA listing of local bankrupt-cies, bid opportunities, brokered transactions, business licenses and building permits.

MORE VEGAS INC BUSINESS NEWSCalendar: Happenings and events, P17

The List: Women- and minority-owned businesses, P22

NOTEWORTHY STORIES

VOLUME 2, ISSUE 14VEGAS INC, 2360 Corporate Circle, Third Floor, Henderson, NV 89074 is published each Sunday except the last Sunday of the year by Greenspun Media Group.Application to Mail at Periodicals Postage Prices is Pending at Henderson, NV and at additional mailing offices.

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EDITORIALEDITOR Delen Goldberg ([email protected]) MANAGING EDITOR Dave Mondt ([email protected])DIGITAL EDITOR Sarah Burns ([email protected])DEPUTY MANAGING EDITOR, NEWS Ellen Fiore ([email protected])STAFF WRITERS Andrea Domanick, Adwoa Fosu, Ana Ley, J.D. Morris, Amber Phillips, Kyle Roerink, Cy Ryan, Eli Segall, Conor Shine, Jackie Valley, Katie Visconti, Ian Whitaker COPY DESK CHIEF John TaylorCOPY EDITORS Brian Deka, Jamie Gentner SPECIAL PUBLICATIONS EDITOR Craig Peterson DIGITAL COORDINATOR Adelaide Chen EDITORIAL CARTOONIST Mike Smith LIBRARY SERVICES SPECIALIST Rebecca Clifford-Cruz RESEARCHER Pashtana UsufzyOFFICE COORDINATOR Nadine Guy

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GREENSPUN MEDIA GROUPCEO, PUBLISHER & EDITOR Brian GreenspunCHIEF OPERATING OFFICER Robert CauthornGROUP PUBLISHER Travis KeysEXECUTIVE EDITOR Tom GormanMANAGING EDITOR Ric AndersonCREATIVE DIRECTOR Erik Stein

CONTENTS

VEGAS INC

2APRIL 12- APRIL 18

CAREER FAIR PREPARES TEENS TO BE BREAD WINNERS

Imagine being 17 years old and the head

of your family’s household .

There are many such young people in

Clark County , some with no idea how to

fi nd a job. To help them, the Junior League of Las

Vegas and Project 150, a local nonprofi t that works with homeless youths, will host a career fair from 10 a.m. to 2 p.m. April 18

at the Government Center, 500 S. Grand

Central Parkway. Hundreds of teens are

participating in workshops to prepare for

the event , writing resumes, doing mock

interviews and choosing business attire

donated through a clothing drive.

“To watch the boys in particular put on

ties for the fi rst time was unbelievable,”

said Kim Boschee of the Junior League .

“The y stood just a little taller .”

Companies and organizations taking

part, either by offering jobs and internships

or sponsoring the event, include the Ve-

netian, MGM Resorts International, Discov-

ery Children’s Museum, the Clark County

School District, UNR, Alpha Landscaping

and the Public Education Foundation.

Thanks to their generosity, hundreds of

students not only will gain valuable job-

market experience , they could land jobs

that will allow them to pursue their diplo-

mas while still supporting their families.

How cool is that ?

— ELLEN FIORE

2_VITOC_20150412.indd 2 4/10/15 2:37 PM

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THE NOTESSend your business-related information to [email protected]

VEGAS INC

4APRIL 12- APRIL 18

John Wilcox, City National Bank’s Nevada regional execu-tive, joined the advisory board of Touro University Nevada.

Jarin Ratanapeanchai, Mar-cus Phillips and Gina Marie Fuller joined Meadows Bank Las Vegas. Ratanapeanchai is a credit administration analyst, Phillips is the Spanish Ridge branch manager, and Fuller is a loan operations utility clerk.

Brian Veasey is director of business development at SK+G Global. Veasey previously was business development director at Kastner & Partners.

Jack Easdale, vice presi-dent of yield management at Venetian and Palazzo, won the UNLV Mentor of the Year award after being nominated by UNLV hotel col-lege student Kaiyang Wu.

Andrew You-kana and Ashlee Zindash are finan-cial service represen-tatives at Clark County Credit Union. Both have been with the company for two years.

Tiffany East opened Tiffany East PR. She is the former vice president of public relations at the Glenn Group.

Colleen McKenna is vice president of marketing at Interblock, which produces gaming machines.

Mike Sutton is executive chef at Culinary Dropout in the Hard Rock Hotel. He previously was sous chef.

Sean Corbett is vice president of digital strategy and plan-ning at MassMedia Marketing, Advertising and PR.

Fourteen people joined the Las Vegas Hospitality As-sociation. They are: Chris Lee, Masterpiece Cuisine sales manager; Connie Land, Just Because Gifts owner; Jerry Dale, Millers Ale House-Town Square general manager; Phil Reynolds, Relevant Entertainment president; Christina Telese, Border Grill Forum Shops sales and special events manager; Jen-nifer Holley, Border Grill Forum Shops general manager; Dan Thomsen, Enterprise Rent-a-Car hotel and leisure sales executive; Ryan Welch, En-terprise Rent-a-Car truck rental sales executive; Evan Louie, Kona Ice Las Vegas owner; Gregg Carnes, Truh’st founder; Kyle Smith, Elite Direct AV director of sales; Melissa Ooi, Asp Inc. execu-tive vice president; Tammy Porto Bartolomeo, Asp Inc. account manager; and Steve August, August Entertainment owner.

Tifferney White is the Discovery Children’s Mu-seum CEO and president.

Myisha Williams is media and communications manager at the Nevada Department of Public

Safety.

Sabrina Carren-der is an executive assistant to the Marretti investment team and Chris Zu-nis is an associate at Colliers. Arleen Dodge is an administrative assistant for the Naseef investment services team at Colliers.

Construction of the James E. and Beverly Rog-ers Student Center at Nevada State College is scheduled to be completed in July. Jim Rogers, who died last year, was the first chairman of the Nevada State College Foundation and the ninth chancellor of the Nevada System of Higher Educa-tion. He donated almost $275 million to higher education institutions.

The Clark County Credit Union’s 2015 board of directors is: chairman Eric Jorgenson, attorney; vice chairman Doug Spring, UMC Hospital; and secretary/treasurer Lee Haney, H&H Enterprises. Board members are Ted Olivas, city of Las Vegas; Debbie Conway, Clark County recorder; As-semblyman Glenn Trowbridge; and Ed Zagalo, Clark County Finance Department. The 2015 audit committee includes chairman Dr. Spencer Luth; Marc Joseph, retired Metro Police officer; Sabrina Mercadante, Henderson city clerk; Curtis Myles, Las Vegas Monorail CEO; and Michael Shramm, United Healthcare.

Pizza Rock, owned by 11-time World Pizza Cham-pion Tony Gemignani, opened at Green Valley Ranch Resort.

John Adams is business development manager and Jeff Torrecampo is an estimator at Paul Johnson Drywall.

Matt Smith Physical Therapy merged with ATI Physical Therapy, a national company. Matt Smith will continue to own the Nevada clinics. Lou Hillegass is vice president of operations. Matt Smith has 12 locations in Southern Nevada.

North Las Vegas City Attorney Sandra Douglass Morgan was recognized by the Urban Chamber of Commerce for her contributions to women in business.

Kirk Homeyer is an associate and Kandis McClure is a policy analyst at Brownstein Hyatt Farber Schreck. Homeyer counsels businesses in cor-porate and commercial matters, including entity formation, general corporate governance, merg-ers and acquisitions, equity and debt financing, and corporate restructuring. McClure joined the firm’s government relations department, focusing on state government. Her background includes work in the public policy, political and health care sectors.

State Farm will sponsor the Nevada Department of Transportation’s Freeway Service Patrol ve-hicles in Las Vegas and Reno through 2017.

A Goodwill Store and Donation Center opened at 1390 American Pacific Drive, Henderson.

Security Partners, which provides safety and emergency monitoring services, acquired Hen-derson-based 1 Time Inc., which provides fire systems. Security Partners is opening an opera-tion center in Las Vegas.

City National Bank provided Exotics Racing

a loan package totaling $7.5 million to buy new

race cars and expand from the Las Vegas Motor

Speedway to a racetrack near McCarran Interna-

tional Airport.

The Golden Nugget completed a $6.5 million

renovation of its convention center and entrance.

DC Building Group has completed more than

$1 million in real estate projects in recent months.

The firm completed the Art of Shaving’s new

store in Downtown Summerlin and Ethan Allen’s

new 8,995-square-foot store. It also expanded the

offices of Design Cell.

Fitmoo, a sales app for athletes, trainers and gym

owners, retained Forte PR as its public relations

agency.

Collicutt Energy Services Inc. signed a deal with

MTU Onsite Energy Diesel and Gas to expand its

reach to Nevada. Collicutt provides power genera-

tors and ancillary services.

Centennial Hills Hospital was one of 37 hospitals

nationwide and the only in Nevada to be recog-

nized by Consumer Reports magazine for prevent-

ing surgical-site infections, bloodstream infections

from central lines and infections from the use of

urinary catheters.

Raising Cane’s opened a new restaurant at 1950

E. Craig Road, North Las Vegas.

Zirtual, a Las Vegas-based company that provides

businesses with remote assistants, added more

than 100 jobs on the West Coast.

Preferred Public Relations is the agency of re-

cord for the Downtown Grand.

Lazy Dog Restaurant & Bar opened in Downtown

Summerlin.

Central Valley Insulation’s parent company,

Masco Contractor Services, is a new, indepen-

dent publicly traded company separate from

Masco and named TruTeam; it will trade under the

name TopBuild (NYSE:BLD). TopBuild installs and

distributes residential insulation.

NetEffect will partner with the Las Vegas Metro Chamber of Commerce to offer chamber mem-

bers a discount on Microsoft Office 365 software.

The Nevada Health Care Association Perry Foundation honored three Southern Nevada

post-acute care facilities for performance and

quality of nursing-home care. Silver Ridge Health Care Center won the Gold Endeavors Award.

Highland Manor of Mesquite won the Silver En-

deavors Award. St. Joseph Transitional Rehabili-tation Center won the Bronze Endeavors Award.

Solutions Recovery added 20 licensed beds to its

facility at 2975 S. Rainbow Blvd., Las Vegas.

Rachel’s Kitchen opened in the Cleveland Clinic Lou

Ruvo Center for Brain Health.

Martin & MacArthur, a Hawaiian furniture and

accessory store, opened a store at Grand Canal

Shoppes in the Venetian.

SuperShuttle expanded its service area to include

Anthem, Seven Hills, Silverado Ranch and Green

Valley Ranch.

AT&T made 42 wireless network upgrades in the

Las Vegas area last year, adding cell sites, net-

work capacity and wireless high-speed Internet

connections. The company launched free Wi-Fi on

the Strip and deployed Cell on Wheels (COWs) for

network support at major local events.

WILCOX

CORBETT

CARRENDER

ZINDASHYOUKANA

VEASEY

EAST

ZUNIS

4_VINotes_20150412.indd 4 4/10/15 11:27 AM

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THE INTERVIEWSend your business-related information to [email protected]

Do you have any news or updates about yourself, your work or your company you’d like to share?

The LVCVA is embarking on an exciting program with the Las Vegas Global Business District. This project will propel the growth of trade shows in Las Vegas. It will create jobs and serve as an economic driver in South-ern Nevada.

You are one of the key organizers of Vegas Uncork’d. What impact does the event have on our city?

Vegas Uncork’d with Bon Appetit allows us to spotlight the amazing culinary scene in Las Vegas. It’s an immersive experience that gives visi-tors an opportunity not only to en-joy some amazing food at our resort properties but also rub elbows with some of the world’s best chefs.

How does Las Vegas rank as a foodie destination?

Las Vegas has become a leading foodie destination. The world’s top chefs have opened restaurants in Las Vegas, and along with having the most master sommeliers in any city in the world, Las Vegas offers a variety of experiences that are un-paralleled. High-end dining experi-ences on the Strip to authentic din-ing opportunities downtown put us on top.

What’s the most important thing Las Vegas is doing to brand itself?

What Happens Here, Stays Here. As a destination, we embrace adult freedom — the ability to make the experience what the visitor wants, be it a seven-course meal at Joël Robu-chon or a dayclub/nightclub experi-ence. Our visitors want to experience the destination in their own way, and our level of variety allows them to ac-complish that goal.

What will Las Vegas be known for in 10 years?

We will be known for our meet-ing facilities, with the Las Vegas Global Business District bringing

in more trade shows. We will also see more rooms — everything from the Genting project to the reincar-nation of the Fontainbleau. We will see more outdoor festival experi-ences up and down the Las Vegas Strip. It will be social and participa-tory. The entire experience of Las Vegas will evolve into a social com-munity.

What’s your favorite food?What’s your favorite local restaurant?

My favorite food is Mexican or Ital-

ian. My favorite restaurants are Ja-vier’s and Pasta Shop.

What is the best business advice you’ve received, and from whom did it come?

John Wilson told me when I first moved to Las Vegas 19 years ago that relationships were the most impor-tant part of business. You can never underestimate the power of a rela-tionship, especially in Las Vegas.

If you could change one thing about Southern Nevada,

what would it be?I would move us from the bottom of

the public school education rankings to the top 10.

What’s the biggest issue facing Southern Nevada and its residents?

One big issue is that the community does not embrace the fact that we are an economy based on tourism, and unless we support that employment base, we will be working against our-selves.

What are you reading right now?

“Gray Mountain” by John Grisham.

What do you do after work?I shuttle my kids to activities, enjoy

family time and do my email.

Blackberry, iPhone or Android?iPhone 6.

Describe your management style.Empower my team to determine

their path and collaborate so we are all successful.

Where do you see yourself and your company in 10 years?

As a leader in the travel and tour-ism industry.

What is your dream job, outside of your current field?

Photographer for National Geo-graphic.

Whom do you admire and why?My parents. They raised nine kids

and worked tirelessly in upstate New York — believing in faith, hard work and family. They are fulfilled with their life and take pride in their family.

What is your biggest pet peeve?

When people dismiss Las Vegas as frivolous and not a serious place to do business.

What is something that people might not know about you?

I love to cook for my family and friends.

Q&A WITH CATHY TULL

‘Never underestimate the power of a relationship’

Cathy Tull, senior vice president of marketing for the Las Vegas Convention and Visitors Authority, says Southern Nevada should embrace and support its identity as a tourism-based economy. (CHRISTOPHER DEVARGAS/STAFF)

Cathy Tull has been senior vice president of marketing for the Las Vegas Convention and Visitors Authority since 2009 and is one of the key organizers of Vegas Uncork’d, the highly anticipated foodie event celebrating its ninth year this month with events at Aria, Bellagio, Caesars Palace and MGM Grand.

5APRIL 12- APRIL 18

VEGAS INC

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Making customers feel like family

Heidi Heath, left, and her mother, Kathy Bastian, own and operate Gotta Love Cheesecake, which desserts Bastian and her mother created. (L.E. BASKOW/STAFF)

7Nevada’s rank among U.S.

cities with the most overval-

ued housing markets, after

Austin, Texas; Houston;

Phoenix; Riverside, Calif.;

Miami; and San Antonio, ac-

cording to Fitch Ratings.

45 PERCENTRise in home prices in Las

Vegas since mid-2011, de-

spite comparatively modest

economic growth, accord-

ing to Fitch Ratings.

$37.5 MILLIONAmount of new debt Al-

legiant Air took on at the

end of March for “general

corporate purposes.”

$69.4 MILLIONThe Cosmopolitan’s operat-

ing loss in 2014, compared

with a $106.2 million oper-

ating loss in 2013.

$203.2 MILLIONCasino revenue at the Cos-

mopolitan in 2014, up 30.7

percent from 2013.

$531.3 MILLIONGaming revenue at Strip

casinos in February, down

4.4 percent from February

2014.

$60 MILLIONAmount the city of Las

Vegas plans to spend on

capital projects for parks,

roads and building repairs

during the next fiscal year,

which starts July 1.

1,000People who applied for 16

positions at Euphoria Well-

ness, which when it opens

this month will be Las Ve-

gas’ first medical marijuana

dispensary.

Describe your business.

We are a family-run busi-ness specializing in homemade cheesecakes and other baked goods. We serve over 50 cheese-cake flavors, and that continues to grow as customers ask us to create different ones for them.

Catering services are also available for almost any func-tion.

We encourage our customers to feel at home in the shop — they are always welcome to come in and watch television, surf the Internet or just have a cup of tea or coffee and relax. We have a little read-ing area and a growing “lending library” if our customers want to come in and grab a book.

Where are your recipes from?

The original recipe for cheesecakes came from my grandmother, Helen Steel. For over 60 years, she baked cheesecakes in her kitchen and sold them to some of the best restaurants in Michigan. She was an amazing baker, and I was fortunate enough to have her teach me how to bake the cheesecakes. As I got older, she allowed me the opportunity to play around with her original recipes, and we came up with some of the newer flavors together. When my mother and I opened the shop, it was really a way for us to live out her dream of having her own bakery.

All of the other goodies we offer are from my mom’s recipes.

What makes your business unique?

I think it is the atmosphere and the level of service we provide. It is crucial to us that when a customer comes in, they don’t feel like a customer — we want them to feel like

family. Family is so important to us and is the center of our lives. We want our customers to feel that they are part of our lives, as they are so important to us.

What is your business phi-

losophy?

Budgets for a lot of people are tight in today’s economy. If they are going to visit our shop, we need to make sure they get

the best products for their money. Even more important than that is they get great service and leave with a smile.

What is the hardest part about doing business in Las

Vegas?

There isn’t a great network or learning center for small businesses to access. Most of what we learned to get started is from asking questions of friends who have been in business. It can be discouraging and somewhat frus-trating to find answers to simple questions.

How can Nevada improve its business climate?

Setting up a resource center for small businesses would be a great start. It is already a scary experience to open a business and outside of the government’s SBA website, there isn’t a lot of information out there.

What have you learned from the recession?

The recession is a big part of the reason we both relo-cated to Las Vegas, albeit at different times. We both had positions that were eliminated in cost-saving measures by large corporations. It taught us that you never take anything for granted — your whole life can change in an instant.

GOTTA LOVE CHEESECAKEAddress: 5081 N. Rainbow Blvd. #100;

Las Vegas 89130Phone: 702-272-0044

Email: [email protected]: gottalovecheesecake.comHours of operation: 10 a.m.-6 p.m.

Tuesday-SaturdayOwned/operated by: Heidi Heath and

Kathy BastianIn business since: Dec. 1

GET TO KNOW A LOCAL BUSINESSSend your business-related information to [email protected]

VEGAS INC

6APRIL 12- APRIL 18

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SMITH’S WORLD

Mike Smith is an award-winning editorial cartoonist who also draws for the Las

Vegas Sun. His work also is distributed nationally by King Features Syndicate.

See archives of his work at lasvegassun.com/smithsworld.

READER COMMENTSWe want to hear from you. Visit vegasinc.com to post your opinion.

On J.D. Morris’

vegasinc.com story

“Reid striving to add

ban on online

gaming to his

political legacy”:

Adults have the right

to decide what to

do with their time

and money. If I want

to play cards on the

Internet, I should be

able to do so.

— bmacleod18

Online gaming is

a Trojan horse and

should be banned.

People simply cannot

control themselves

and lack the com-

mon sense to see the

shell game for what

it is. Harry is against

it — but only because

brick-and-mortar

gaming is against it.

— topangapalooza

On Eli Segall’s veg-

asinc.com story

“Report: Nevada

among most finan-

cially illiterate

states”:

Affordability means

not what you can

afford currently but

what you can afford

should something

happen where you

could lose your

income or have it

significantly reduced.

... You may not be

able to party like the

rock star neighbor,

but you sleep better

at night knowing that

when it rained and

the party was over,

you could still turn

on the lights.

— VegasIndependent

Nevada should be

the poster child as to

why states should re-

fuse the development

of more casinos.

— jaquekeno

Y ou may not think economic development overseas would ripple in Las Vegas, but it can.

International development means revenue for U.S. businesses when project contracts are awarded to American companies.

Since becoming an independent agency in 1988, the U.S. Trade and Development Agency (USTDA) and its prede-cessor organizations have connected American businesses to international economic development contracts. Such contracts often are for infrastructure projects in emerging economies, most often in transportation, energy, telecom-munications, water and environment.

Examples include more than $2 billion in contracts award-ed to U.S. firms to upgrade the Cartagena Refinery in Colom-bia and more than $10 million in sales of U.S. equipment for the modernization of the Mexican transportation system.

In effect, USTDA generates business for U.S. companies by getting involved early in the planning process for projects, providing technical advice to the sponsoring foreign govern-ment agency or organization.

The agency’s Project Development Program does this by supporting feasibility studies, technical assistance and pilot projects. Examples include grants for feasibility stud-ies (Brazil), regulatory framework development (Mexico) and system design (Colombia) for implementing smart grid

technologies for power transmission. Other grants support studies on the introduc-tion of intelligent transportation system technologies.

Once planning is in place, the USTDA’s International Business Partnership Program can bring key decision makers to the United States on reverse trade missions. In 2014, for example, the program supported visits by Brazilian government and private-sector representatives seeking infor-mation on U.S. rail technologies, standards and capabilities.

Visitors learn by observing design, manufacturing and opera-tions of relevant U.S. products and services. At the same time, they establish connections with potential U.S. contractors, which often blossom into work orders and ongoing relation-ships. USTDA also directly hires U.S. contractors, predomi-nantly small businesses, for technical analyses and feasibility studies conducted through its Project Development Program.

On April 22, the USTDA’s regional director for Latin America and the Caribbean will visit Las Vegas to explain these programs, opportunities the agency offers and how Nevada businesses can take advantage of them.

Businesses and companies can register for the presenta-tion by contacting Anna Drury at [email protected] or 702-895-3608.

Mel Jameson is director of international initiatives and a professor of finance in the Lee Business School at UNLV.

Ripple effects of trade reach across oceansGUEST COLUMN:

MEL JAMESON

TALKING POINTSSend your business-related information to [email protected]

VEGAS INC

7APRIL 12- APRIL 18

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Las Vegas homes among nation’s most overvalued

Report: Nevada among most financially illiterate states

BY ELI SEGALLSTAFF WRITER

Las Vegas’ housing market is one of the most overvalued in the country, as investors pushed up prices amid limited supply and a sluggish econo-my, a report says.

Fitch Ratings said housing demand in Las Vegas, along with other boom-and-bust areas including Miami and Phoenix, has been “bolstered” by outside investors.

The cities also have high rates of underwater homeowners, restricting the number of properties for sale.

In these areas, small changes in de-mand have had “an outsized impact on price,” and growth is “expected to be more fragile than true demand-based expansion,” Fitch analysts wrote.

The research and bond-ratings company ranked Las Vegas the sev-enth most overvalued market in the nation, after Austin, Texas; Houston; Phoenix; Riverside, Calif.; Miami; and San Antonio.

Las Vegas home prices, despite slowing in recent months, have been climbing at one of the fastest rates in the country the past few years.

The valley also has one of the high-est rates of underwater borrowers — people whose mortgage debt out-weighs their home value — in the nation, reflecting once-widespread, bloated prices and the easy mortgage lending behind them.

Nearly 149,000 valley homeowners

escaped underwater status the past few years, according to housing-data firm Zillow, thanks to the investor-fueled upswing in values. But 26 per-cent of Southern Nevada homeown-ers still are underwater, third highest among large U.S. metro areas.

Such homeowners need bank ap-proval to sell their houses, a lengthy, often hair-pulling process known as a short sale. Banks don’t always sign off on the deals, and many borrow-ers probably choose to stay put rather

than try to unload their homes.Home prices in Las Vegas, Phoenix,

Riverside and Miami — case studies for last decade’s bubble and burst — all have climbed more than 45 per-cent since mid-2011, “despite com-paratively modest economic growth,” Fitch said.

Investors swooped in for low-priced homes after the economy col-lapsed, often turning them into rent-als. They helped battered housing markets recover, pushing up prices at

eye-popping rates and raising fears of another bubble.

But the investors left markets “de-pendent on external demand sourc-es,” according to Fitch. These days, investors have been backing out from Las Vegas and other cities, and price-growth has cooled substantially.

Fitch said it does not expect “sig-nificant declines” in Las Vegas and other overvalued markets, but those areas are “more susceptible” to slumping prices than cities fueled by “strong underlying fundamentals.”

The median sales price of single-family homes in March in Southern Nevada was $205,000, up 5 percent from a year ago, according to the Greater Las Vegas Association of Realtors, which mostly tracks previ-ously owned homes.

By comparison, single-family home prices jumped 57 percent in two years after the market bottomed out, from a median $118,000 in January 2012 to $185,000 in January 2014.

Some analysts say that, with inves-tors backing out, Las Vegas will have to depend more on traditional buy-ers. But that could turn the slowdown into a slump, as Nevadans have some of the worst personal finances in the country, and many locals can’t get a mortgage because of tighter lending requirements.

“We’re not in a healthy situation,” John Restrepo, principal of RCG Eco-nomics, said last fall.

BY ELI SEGALLSTAFF WRITER

Nevada is near the bottom of yet another ranking of Americans’ fi-nancial health, with dismal findings of consumer spending habits.

The Silver State is second-last among U.S. states and the District of Columbia for its percentage of resi-dents who spend more money than they make; third-last for the share of residents who borrow from nonbank lenders; and fourth-last for people who pay only the minimum balance on their credit card bills, according to a report from personal-finance web-site WalletHub.

The report also ranked Nevada 46th for its share of residents with at least a bachelor’s degree; 40th for its percentage of residents with a rainy

day fund; 38th for its high school dropout rate; and 32nd for its share of unbanked households.

Overall, WalletHub ranked Nevada second-worst in the country for fi-nancial literacy, behind Mississippi.

New Hampshire was No. 1.The findings reinforce Nevada’s

dubious distinction as having some of the worst personal finances in the country.

In January, the nonprofit Corpora-tion for Enterprise Development said many Nevadans are unable to “build a secure economic future,” as the state is racked by some of the highest rates of lousy consumer credit, bank-ruptcies, foreclosures, underemploy-ment, mortgage delinquencies and uninsured residents.

The Washington, D.C., advocacy

group for lower-income Americans ranked Nevada’s overall economic health 48th in the nation. Two years ago, it ranked Nevada last, saying a majority of residents were living “on the edge of financial disaster” with almost no savings to fall back on.

Meanwhile, U.S. banking regula-tors last fall reported that in Las Ve-gas, more people used check-cashing and payday loan companies than na-tional averages, and a rising number of locals did not have a bank account.

About 15 percent of Las Vegas-area households reported using an “al-ternative financial service” in the past 30 days when surveyed in 2013, compared to 12 percent nationally, according to the Federal Deposit In-surance Corp.

Also, 6.9 percent of Las Vegas-area

households were “unbanked” in 2013, meaning they did not have an account with an insured institution such as a bank or credit union. That was below the national rate of 7.6 percent but up from 2011, when the rate locally was 6.2 percent, the FDIC found.

Alternative lenders typically charge high interest rates and are used by people who need cash quickly and don’t qualify for a traditional bank loan.

Such customers typically borrow a few hundred dollars at a time, but triple-digit interest rates are often the norm.

In Nevada, payday lenders charge an average annual interest rate of 521 percent, one of the highest rates in the country, according to the Pew Charitable Trusts.

The median sales price of a single-family home in Southern Nevada was $205,000

in March, up 5 percent from a year ago. (STEVE MARCUS/STAFF FILE)

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BY ELI SEGALLSTAFF WRITER

When Paula Lane toured Vantage Lofts a few years ago, the stylish, mothballed Henderson condo com-plex was a scary sight.

Windows were boarded up, birds were flying inside, upscale applianc-es had vanished, and air condition-ers were caked in dirt. At one point, a homeless person moved into the sales office across the street, where the original developers had set up shop to sell million-dollar homes before they abandoned the project.

Today, Vantage is a rental property that’s almost fully leased, charging prices that dwarf most apartment buildings in the valley. And having turned the project around, the land-lord is looking to cash in.

Vantage owner John Goodman, of Seattle, is under contract to sell the 10-acre, 110-unit project, according to brokers with knowledge of the deal. Neither the buyer’s identity nor the sales price could be confirmed, but brokers said Goodman, who bought Vantage for $10 million in 2013, was seeking at least $44 million.

Listing broker John Cunningham, of Jones Lang LaSalle in Phoenix, confirmed Vantage was being sold and said he expected the deal to close in the next 45 to 60 days. He declined to give other details about the sale.

Some investors who eyed the prop-erty discussed paying around $30 million, according to broker Patrick Sauter, managing partner of NAI Ve-gas.

“There’s some crazy money out there, so maybe (he) got more,” Sau-ter said of Goodman.

Goodman did not return a call for

comment.Perched on a hill at Gibson Road

and Paseo Verde Parkway, with clear views of the Strip and downtown, Vantage charges $1,400 to $4,545 per month in rent. That’s far above the valley’s average rental price of $866 per month, according to Colliers In-ternational.

Vantage opened last spring and is easily one of the most expensive rent-al properties in Southern Nevada. But with such perks as gourmet kitch-ens, floor-to-ceiling windows and a sleek pool area, it’s finding renters. As of last month, 102 units had been leased, according to Vantage busi-ness manager Jeffery Arterberry.

It’s one of several new, high-end apartment complexes in the valley bringing big prices and loads of ame-nities to a largely no-frills, look-alike rental market. Investors are target-ing well-heeled professionals and retirees who want a luxury lifestyle

without having to deal with mainte-nance, mortgages and other aspects of homeownership.

Real estate insiders question whether too many developers are chasing a small number of customers, but Vantage’s lease-up shows “there’s some untapped potential out there” for the high-end market, Colliers bro-ker Garry Cuff said.

Max Goncalves, a 71-year-old Bra-zilian native and software executive, moved to Vantage last August. He had an apartment in Turnberry Towers, near the Strip, but wanted something quieter, away from the craziness of the resort corridor.

He learned about Vantage online, and the staff told him the property’s troubled history.

“That was very nice, because usual-ly when you go to rent an apartment, it’s all marvelous, no problems,” he said.

Slade Development pursued the

$160 million project during the boom years, with condos priced from $400,000 to $1.6 million. Vantage was scheduled to open in 2007, but Slade mothballed it, partially built, in spring 2008 and filed bankruptcy for the project that June. The devel-opers claimed about $72 million in li-abilities for Vantage and $45 million in assets, namely the property itself.

Slade co-owner Justin Slade filed personal bankruptcy in 2009, re-porting in court records to have $70 million in liabilities and $7 million in assets. His assets included a home and lot in Summerlin that he and his wife later lost to foreclosure; a 9 mm handgun valued at $400; an 8-year-old dog named Gracie, valued at $20; and two lizards, Draco and Chico, valued at $10 combined. Slade Devel-opment is apparently defunct, and Justin Slade could not be located for comment.

Vantage sat untouched for years, a visible scar of the building bust. In early 2012, Las Vegas-based Rothwell Gornt Companies bought it out of bankruptcy for an undisclosed sum. Company principal Rich Crighton later said his group planned to spend $15 million to finish Vantage, but in-stead, he flipped it to current owner Goodman, founder of Goodman Real Estate, in summer 2013.

Lane, regional marketing direc-tor for property manager Pinnacle, had visited Vantage a year before, to check the place out for a possible buyer. She walked through the aban-doned complex, with birds “dive-bombing around my head.”

“It was a pretty scary thing,” she said of touring the property, “and I did it during the middle of the day.”

Abandoned luxury apartment complex ready for sale

Vantage Lofts, an upscale apartment complex in Henderson, was mothballed during

the recession and now is nearly fully leased. (L.E. BASKOW/STAFF)

BY CONOR SHINESTAFF WRITER

For the first time since 2007, Las Vegas’ budget will be in the black heading into the next fiscal year.

“Our outlook has improved great-ly,” City Manager Betsy Fretwell said. “Things are recovering and we’re starting to see that in our numbers.”

The city expects its general fund budget, which pays for government operations, to grow by 6.4 percent to $523 million next fiscal year, which starts July 1.

Increased costs, meanwhile, are being driven by raises for some union employees, increased funding for Metro Police and the addition of 57 new positions.

Those new jobs will be scattered among various departments, includ-ing Parks and Recreation, Public Works and Human Resources. Even with the additional positions, howev-er, the city’s workforce will be about 20 percent smaller than it was prior to the recession.

“We’re still behind. We’re trying to

restore as we can, but we don’t have the revenue to restore all of our ser-vices,” Chief Financial Officer Mark Vincent said.

The increased costs will be offset by higher property and sales tax rev-enues.

The arrival of the city’s new medi-cal marijuana industry also has helped boost the bottom line, grow-ing the fees it receives for business licensing by 5 percent compared with the current fiscal year.

The improving budget picture also

will allow the city to invest $60 mil-lion in capital projects for parks, roads and repairs to city buildings.

Although the upcoming fiscal year will be the first the city starts with a balanced budget in nearly a decade, it has managed to balance its budget without drawing on reserves each of the past three years by cutting costs and greater-than-anticipated revenue.

The city’s tentative budget will be submitted to the state for review be-fore a final approval from the council in May.

Las Vegas headed into new fiscal year with balanced budget

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9APRIL 12- APRIL 18

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Today, as the economy improves, few places are getting as much action. Developers are building or planning to construct apartment complexes, industrial properties, big-box retail and single-family homes around the 215 Beltway between Interstate 15 and Flamingo Road.

The area is far from booming, and there remain huge tracts of raw land throughout the southwest, most of which likely won’t be developed any-time soon. And not everyone is cheer-ing the current workload amid fears that some investors are piling in too quickly and overbuilding again.

But overall, the resurgence high-lights the steady comeback of a once-battered industry that, for many people, offers visual evidence that Southern Nevada’s sluggish economy is on the mend.

In June 2006, near the height of the real estate bubble, 112,000 peo-ple in the Las Vegas area worked in construction. That number plunged 69 percent to 34,800 workers in early 2012, according to the Associated General Contractors of America.

Today, 48,500 people work in con-struction locally, up 39 percent from the depths of the recession.

“We know the worst is past us, and that gives people confidence,” said Scott Gragson, a land broker and investor.

Projects underway or on the draw-ing board in the southwest include:

n IKEA’s 351,000-square-foot furniture superstore, which broke ground April 9 and is slated to open in summer 2016

n Panattoni Development Co. partner Doug Roberts’ two-building warehouse project, Jones Corporate Park, which is scheduled to break ground this month

n Australian slot-machine mak-er Ainsworth Game Technology’s 300,000-square-foot Americas headquarters, poised to open by mid-2016

n The Molasky Group of Compa-nies’ two-story, 110,000-square-foot industrial building at the UNLV Har-ry Reid Research and Technology Park, which the company plans to lease to prescription-drug manager Catamaran Corp.

n At least a dozen apartment com-plexes and thousands of single-fami-ly homes.

Developers are drawn to the area for several reasons. There is plenty of land, it’s a quick drive to the Strip and to Mc-Carran International Airport, and it’s roughly equidistant from Summerlin and Green Valley, two of the valley’s most popular residential areas.

Rent in several sectors — apart-ment, office, industrial and retail — typically is higher and vacancy rates are lower in the southwest than in other parts of the valley with lots of land, including the northwest and North Las Vegas.

Moreover, Clark County commis-sioners in May 2013 voted unani-mously to open roughly 3,600 acres,

mostly in the southwest, to potential residential and other development. Airplanes, thanks to advanced tech-nology, aren’t as loud as they used to be, so the county agreed to shrink McCarran’s noise contour.

IKEA executives had been eyeing the Las Vegas market for almost 10 years, waiting for the population to pass 2 million, and were “very much focused” on sites along the Belt-way with good visibility and access, spokesman Joseph Roth said.

The popular Swedish retailer needed a large site for its megastore. Land ownership in the southwest is fractured heavily, so assembling a big tract can be a headache. The spot IKEA wanted, 26 acres at the south-west corner of South Durango Drive and West Sunset Road, was owned by one investor, and the chain paid a hefty price for it: $21.3 million.

The sale, by M.J. Dean Construc-tion founder Michael Dean, closed in December. IKEA paid $819,328 per acre. Valleywide last year, land investors paid an average $276,422 per acre, according to brokerage firm Colliers International. Roth said the company paid “a fair price” for the property.

Meanwhile, Ainsworth CEO Dan-ny Gladstone decided a few years ago he wanted to build the company’s Americas headquarters near the southeast corner of South Jones Bou-levard and West Sunset Road, said Mike Dreitzer, the company’s presi-dent of North American operations.

Site work is underway. When fin-ished, the property will have ware-house and manufacturing space, as well as offices for sales, marketing and finance personnel. It’s close to customers and the airport, and just 2 miles east of rival International Game Technology’s campus.

“We think it really is the new cen-ter of the gaming equipment manu-facturers’ corridor,” Dreitzer said.

For large projects, though, the big-gest source of development in the southwest is apartments.

Investors have been buying rental properties throughout Southern Ne-

A worker walks along the rooftop of an apartment complex under construction at Tropicana Avenue and the 215 Beltway. The valley’s economic collapse created a big pool of potential renters by wreaking havoc on residents’ finances, and developers aim to cash in. (STEVE MARCUS/STAFF)

A carpenter works on an apartment complex at Hualapai and Peace ways. At least a dozen are under construction in the southwestern valley. (STEVE MARCUS/STAFF)

SOUTHWEST, FROM PAGE 1

‘We know the worst is past us, and that gives people confidence’

CO

NS

TR

UC

TIO

N E

MP

LO

YM

EN

T I

N S

OU

TH

ER

N N

EV

AD

A

110K

100K

90K

80K

70K

60K

50K

40K

30K

20K

10K

0

APRIL 2005

APRIL 2006

APRIL 2007

APRIL 2008

APRIL 2009

APRIL 2010

APRIL 2011

APRIL 2012

APRIL 2013

APRIL 2014

Source: Associated General Contractors of America

99,500

110,000

103,600

94,500

69,000

46,800

37,80035,300

40,300

43,900

SOUTHWEST, CONTINUED ON PAGE 15

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10APRIL 12- APRIL 18

VEGAS INC

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At The Rogers Foundation, we are leaving a legacy of opportunity, achievement and success. That’s why we’ve established scholarship and grant opportunities for students, schools and educators in Southern Nevada.

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vada at a fast pace in recent years. The valley’s economic collapse cre-ated a big pool of potential renters by wreaking havoc on residents’ financ-es. Foreclosures, bankruptcies and short sales swept through the region, making it impossible for many people to obtain a mortgage, let alone afford a down payment.

Apartment construction lagged investment sales, but now it’s pick-ing up speed. After opening just 367 units valleywide in 2013, develop-ers completed about 1,700 units last year. As of December, they were pro-jected to open roughly 5,750 units this year and almost 2,000 more in 2016, according to brokerage firm CBRE Group. Among current or planned projects, roughly 50 percent of the new units are in the southwest valley.

But developers may be getting ahead of themselves. They are build-ing faster than demand calls for, RCG Economics principal John Restrepo said.

“It’s a great location, (but) that’s a little too much at one time,” CBRE

broker Spencer Ballif added.Nevada West Partners is the big-

gest developer in the southwest, with five projects totaling 1,600 units planned or underway. Partner Mar-tin Egbert, whose group has devel-oped apartments in the valley since the late 1980s, said he isn’t concerned investors might be overbuilding and possibly pushing down rental rates. Properties his group opened in re-cent years — often higher-end resi-dences with lots of amenities — are almost fully occupied and command big prices, he said.

Homeownership rates nationally are at record lows, he said, partly be-cause more people who can afford to buy are choosing to rent instead.

“They’ve seen the swings in real estate prices ... and they like the flex-ibility afforded by being a renter,” Eg-bert said.

The southwest’s fast-paced growth started around the early 2000s when the Beltway expanded, offering free-way driving instead of dusty back roads. Investors flipped land and built properties, but work ground to

a halt when the recession toppled the valley, leaving the southwest a check-erboard of open desert, finished proj-ects and abandoned construction sites.

“Nobody was doing anything,” CBRE broker Greg Tassi said.

Projects got stuck on the drawing board, too, including Station Casi-nos’ Durango Station resort on Du-rango Drive just south of the Beltway.

In September 2008, less than two weeks before investment firm Lehm-an Brothers collapsed, helping to trig-ger the U.S. financial crisis, Station spokeswoman Lori Nelson said the re-sort tentatively was scheduled to open in 2011. “The plans are done, they are ready to go, and it will really be contin-gent on timing based on the economic conditions,” she said at the time.

Today, the land is undeveloped, and a Station sign there advertises plans for a 120,000-square-foot ca-sino with 1,000-room hotel. The sign also warns “No Dumping — No Tres-passing.”

Nelson said this month the com-pany has no development timeline

for the site.At the peak of the bubble, land in

the southwest valley frequently sold for $1 million an acre. Today, list-ing prices are a fraction of that but rising, typically ranging from about $300,000 an acre to $700,000 per acre, Gragson said.

One line of business that boomed with the Beltway was home construc-tion. The southwest has been the top submarket in the valley ranked by homes sold for about 10 years, Home Builders Research President Dennis Smith said.

Builders sold 2,016 homes there last year, a third of all new-home sales in Southern Nevada, he said. The second-best market, the north-west, had 1,520 sales.

Perhaps the biggest project in the southwest before the freeway ex-pansion was developer Jim Rhodes’ sprawling Rhodes Ranch commu-nity on South Durango Drive at West Windmill Lane.

“It was considered to be out in the middle of nowhere,” Smith said. “But the Beltway changed that.”

A worker walks along the rooftop of an apartment complex under construction at Tropicana Avenue and the 215 Beltway. The valley’s economic collapse created a big pool of potential renters by wreaking havoc on residents’ finances, and developers aim to cash in. (STEVE MARCUS/STAFF)

SOUTHWEST, FROM PAGE 10

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APRIL 12- APRIL 18

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Calendar of eventsTUESDAY, APRIL 14

Henderson Chamber of Commerce

networking breakfast

Time: 7-9 a.m. Cost: $25 for members, $45 for

nonmembers, additional $10 for walk-ins

Location: Cancun Room, Fiesta Henderson, 777

W. Lake Mead Parkway, Henderson

Information: Visit hendersonchamber.com/

events

Len Christopher, Republic Services general man-

ager, will discuss the company’s recycling efforts.

Collaboration & Community:

USGBC Nevada and Sustainability Partners

Time: 7-9 a.m. Cost: $20 for members of the

U.S. Green Building Council and sustainability

partners, $35 for nonmembers

Location: InNEVation Center, 6795 S. Edmond

St., Suite 331, Las Vegas

Information: Visit usgbcnv.org

Representatives of U.S. Green Building Council

Nevada Chapter, Green Our Planet, Desert Re-

search Institute, Green Alliance and other sustain-

ability organizations will outline their plans.

Clark County Association

of Health Underwriters meeting

Time: 11:30 a.m. Cost: $30 for members with

RSVP, $35 for members at the door; $40 for

nonmembers with RSVP, $45 for nonmembers

at the door

Location: Sierra Gold, 6515 S. Jones Blvd., Las

Vegas

Information: Visit clarkcountyahu.org

Marketing experts Bob and Cheryl Thode will dis-

cuss engagement marketing using social media.

Business networking

Time: 6-8 p.m. Cost: Free for Social Register

members, $20 for nonmembers

Location: House of Blues Foundation Room,

3950 Las Vegas Blvd. South, Las Vegas

Information: Call Mary Grace Yniguez at 702-

256-0123

Expand your network and establish relationships

with local business owners and executives.

WEDNESDAY, APRIL 15

American Institute of Architects

meeting: Designing Healthy Communities

Time: 5:30-8:30 p.m. Cost: Free for members,

$30 for nonmembers, $50 at the door

Location: Historic Fifth Street School audito-

rium, 401 S. Fourth St., Las Vegas

Information: Visit aialasvegas.org

Dr. Richard J. Jackson, a pediatrician and chairman

of environmental health sciences at the School of

Public Health at UCLA, will be the guest speaker.

THURSDAY, APRIL 16

NAIOP Southern Nevada

April breakfast meeting

Time: 7-9 a.m. Cost: $25 for members, $40 for

nonmembers

Location: The Orleans, 4500 W. Tropicana Ave.,

Las Vegas

Information: Visit naiopnv.org

Panelists Doug Roberts of Panattoni Develop-

ment Company, John Stewart of Juliet Land

Company, Fritz Wyler of Prologis and moderator

Dan Doherty of Colliers International will discuss

development in Southern Nevada.

Building Owners and

Managers Association mixer

Time: 5:30-7:30 p.m. Cost: $35, RSVP by

April 10

Location: Neon Museum, 770 Las Vegas Blvd.

North, Las Vegas

Information: Visit bomanevada.org

Appetizers and drinks will be served as guests

network and tour the museum.

FRIDAY, APRIL 17

Latin Chamber of Commerce meeting

Time: 11 a.m.-1 p.m. Cost: $40 for members with

RSVP, $45 for nonmembers with RSVP, $50 at

the door

Location: Culinary Academy of Las Vegas, 710

W. Lake Mead Boulevard, North Las Vegas

Information: Visit lvlcc.com

Fred Keeton, vice president of external affairs and

chief diversity officer at Caesars Entertainment,

will be the guest speaker.

SATURDAY, APRIL 18

Las Vegas India Chamber of Commerce

installation of officers and reception

Time: 6-9 p.m. Cost: $75 for members, $85 for

nonmembers, $100 for VIPs and at the door

Location: Nevada Ballroom at Gold Coast, 400

W. Flamingo Road, Las Vegas

Consul General of India Venkatesan Ashok, Rep.

Joe Heck, R-Nev., and Rep. Dina Titus, D-Nev., are

scheduled to attend the event, which will include

dancing, a fashion show and a program on doing

business in India.

TUESDAY, APRIL 21

Risk Management Society

educational session

Time: 11 a.m. Cost: $27 for members, $30 for

nonmembers

Location: Lawry’s the Prime Rib, 4043 Howard

Hughes Parkway, Las Vegas

Information: Visit nevada.rims.org

Jeff Phillips of PricewaterhouseCoopers will dis-

cuss how risk managers should approach cyber

security.

WEDNESDAY, APRIL 22

Keystone luncheon

Time: 12-1:30 p.m. Cost: $35

Location: Veil Event Pavillion, Silverton Hotel,

3333 Blue Diamond Road, Las Vegas

Information: Visit keystonenevada.com

Mark Tucker, a fellow at the Harvard Graduate

School of Education, will discuss how Nevada’s

education system can compete with the world’s

best.

“Beyond Our Borders: Export Opportunities

in Latin America and the Caribbean”

Time: 11:30 a.m. Cost: $45 in advance, $55 at

the door; RSVP required

Location: Maggiano’s Little Italy, Fashion Show

Mall, 3200 Las Vegas Blvd. South, Las Vegas

Information: Email [email protected]

Nathan Younge, the U.S. Trade and Development

Agency’s regional director for Latin America will

discuss export opportunities.

Businesspeople mingle during a networking mixer at Texas Station. (STEVE MARCUS/STAFF FILE)

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VEGAS INC

17APRIL 12- APRIL 18

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VEGAS INC

18APRIL 12- APRIL 18

Records and TransactionsBANKRUPTCIES

CHAPTER 7Allstar Paint & Body LLC7833 Brent Leaf Ave.Las Vegas, NV 89131Attorney: Seth D. Ballstaedt at [email protected]

BID OPPORTUNITIES

TUESDAY, APRIL 142:15 p.m.Government Center sanitary sewer improvementsClark County, 603632Sandy Moody-Upton at [email protected]

2:30 p.m.Two-year open-term contract for safety vestsState of Nevada, 8315Annette Morfin at [email protected]

THURSDAY, APRIL 162:15 p.m.Sunset Road, Jones Boulevard to Decatur BoulevardClark County, 603602Tom Boldt at [email protected]

FRIDAY, APRIL 172:15 p.m.Western Clark County 215 Bruce Woodbury Beltway, Craig Road to Hualapai WayClark County, 603576Tom Boldt at [email protected]

3 p.m.Annual requirements contract for janitorial services at Desert Breeze Recreation and Aquatics CenterClark County, 603649Deon Ford at [email protected]

BROKERED

TRANSACTIONS

SALES$880,000 for 7,639 square feet, industrial 5966 Topaz St., Las Vegas 89120Seller: Flog LLCSeller agent: Soozi Jones Walker and Bobbi Miracle of Commercial Executives Real Estate ServicesBuyer: Mailmax Mailing Solutions LLCBuyer agent: Did not disclose

$690,000 for 7,500 square feet, o�ce3620 & 3627 Sunset Road, Las Vegas 89120Seller: Sunset Pecos II LLCSeller agent: Jason Lesley and Bridget Richards of Colliers Inter-

nationalBuyer: Whatcom Investments Inc.Buyer agent: Did not disclose

$625,000 for 1 acre, land4620 Blue Diamond Road, Las Vegas 89139Seller: RMS Inc.Seller agent: David Grant of Col-liers InternationalBuyer: Washworks Express LLCBuyer agent: Did not disclose

LEASES$348,973 for 11,500 square feet, industrial for 60 months3525 and 3555 W. Naples, Las Vegas 89103Landlord: Did not discloseLandlord agent: Sean Simon and Gabe Telles of Gatski CommercialTenant: Avalante LLCTenant agent: Earl Barbeau of Berkshire Hathaway

$180,431 for 2,821 square feet, o�ce for 60 months9081 W. Sahara Ave., Las Vegas 89117Landlord: WDE Lakes LLCLandlord agent: Lauren Tabeek of Voit Real Estate ServicesTenant: Budget Van Lines Inc.Tenant agent: Did not disclose

$141,237 for 4,232 square feet, industrial for 60 months4301 S. Valley View Blvd., Las Vegas 89103Landlord: BKM Capital PartnersLandlord agent: Stacy Debie, Ali Roesener and Gabe Telles of Gatski CommercialTenant: Advanced Creative Gam-ingTenant agent: Gene Proctor of Realty Executives

$76,032 for 1,920 square feet, industrial for 38 months4525 Spring Mountain Road, Suite 109, Las Vegas 89102Landlord: Mountain Point LLC c/o Virtus CommercialLandlord agent: Robert S. Hatrak II of Virtus CommercialTenant: Ben Ashel of Puppy HeavenTenant agent: Richard Brodkin of Realty One Group

BUSINESS LICENSES

O� the Edge Body Jewelry Las Vegas Business type: General retail sales Address: 1717 S. Decatur Blvd., Suite I30, Las VegasOwner: Tin Pham

OK Landscape Business type: Residential prop-erty maintenanceAddress: 3771 Shirebrook Drive, Suite 85, Las VegasOwner: Mateo Gomez-Perez

Old Man Interactive LLCBusiness type: General retail sales Address: 708 S. Sixth St., Las VegasOwner: James Scott

Palm Memorial Estate Plan Business type: Handbill and oral solicitation Address: 2901 W. Washington Ave., Suite 129, Las VegasOwner: Palm Mortuary

Pamela Jean Wilson Business type: General retail sales Address: 6195 W. Oquendo Road, Las VegasOwner: Charles Rebstock

Pleasant A�airs Business type: Rental and leasing Address: 1830 N. Martin King Blvd., Suite 110, Las VegasOwner: Pleasant Affairs LLC

Proaction Recovery Inc.Business type: Professional services Address: 3227 Meade Ave., Suite 2B, Las VegasOwner: Kathy Gentsch

Randall D. Carlson Business type: Real estate salesAddress: 10750 W. Charleston Blvd., Suite 180, Las VegasOwner: Randall D. Carlson LLC

Repair Guys Business type: Repair and main-tenanceAddress: 216 S. Seventh St., Suite 21, Las VegasOwner: William Inman

Ria Financial Services Business type: Wire serviceAddress: 4610 W. Sahara Ave., Las VegasOwner: Continental Exchange Solutions Inc.

Rob Velasco Business type: Real estate salesAddress: 10220 W. Charleston Blvd., Suite 3 , Las VegasOwner: Robert A. Velasco

Rock N Candles Business type: Nonfarm product vendorAddress: 9200 Tule Springs Road, Las VegasOwner: Joseph Grothe

Royalty Complete Auto Repair Business type: Automotive ga-rage/service station (minor)Address: 3101 N. Rancho Drive, Suite 101, Las VegasOwner: GRC Automotive Garage Products Inc.

RS Tax Services Inc.Business type: Business support serviceAddress: 6600 W. Charleston Blvd., Suite 117, Las Vegas

Owner: Richard Sapperstein

Safavieh Las Vegas LLCBusiness type: Merchandise brokerAddress: 495 S. Grand Central Parkway, Suite 101, Las VegasOwner: Arash Yaraghi

Sandy Kastel Business type: Real estate salesAddress: 9525 Hillwood Drive, Suite 120, Las VegasOwner: Sandy Kastel

Scenic Las Vegas Weddings Business type: General retail sales Address: 200 Hoover Ave., Las VegasOwner: Tomsik Photography LLC

Secret Garden in the Desert Business type: Management or consulting service Address: 3002 Rigel Ave., Suite 100, Las VegasOwner: Ice Las Vegas LLC

Shannon Dubron Business type: Real estate salesAddress: 5550 Painted Mirage Road, Suite 140, Las VegasOwner: Shannon Dubron

Smog PlusBusiness type: Automotive sales with minor repair Address: Multiple locations, Las VegasOwner: R&R Smog LLC

Smoke Shop & Candle Business type: Tobacco sales/lounge Address: 825 S. Rainbow Blvd., Las VegasOwner: Moyad Alghouleh

Sonya D. Ealy Business type: Real estate salesAddress: 616 Las Vegas Blvd. South, Suite A, Las VegasOwner: Sonya D. Ealy

Steve Rouse Business type: Real estate salesAddress: 10750 W. Charleston Blvd., Suite 180, Las VegasOwner: Steve Rouse

Stop Hair Loss Las Vegas Business type: General services (counter/office) Address: 8751 W. Charleston Blvd., Suite 210, Las VegasOwner: Ryan Skulsky

Street Dogs Venezuelan Style LLCBusiness type: Mobile food vendorAddress: 640 N. Eastern Ave., Las VegasOwner: Luis Fernandez

Summit Mental Health Business type: Professional services Address: 3017 W. Charleston Blvd., Suite 70, Las VegasOwner: Summit Community Ser-

vices LLC

Suzanne Case Business type: Real estate salesAddress: 6628 Sky Pointe Drive, Suite 200, Las VegasOwner: Suzanne Case

Suzy’s Las Vegas Lifestyles Business type: General services (counter/office) Address: 3002 Rigel Ave., Suite 100, Las VegasOwner: Ice Las Vegas LLC

Sweet Spot Candy Shop Business type: Food specialty storeAddress: 707 Fremont St., Suite 1290, Las VegasOwner: Sweet Shop Candy Shop LLC

Taco y Jalapeno Business type: Open-air vending Address: 2245 N. Decatur Blvd., Las VegasOwner: Mirna Bernardo Fuentes

Talk to the Hands LLCBusiness type: Independent mas-sage therapistAddress: 3609 Silver Sand Court, Las VegasOwner: Jo Ann Hallett

Teazled LLCBusiness type: General retail sales Address: 707 Fremont St., Suite 2270, Las VegasOwner: Dina Proto

Tech Queen Systems LLCBusiness type: General retail sales Address: 2620 Regatta Drive, Suite 102, Las VegasOwner: Duana R. Malone

TFS Golf & Utility Business type: Repair and main-tenanceAddress: 4022 Ponderosa Way, Las VegasOwner: Taylored Fleet Solutions Inc.

The Corner Gallery Business type: Art gallery-retail Address: 107 E. Charleston Blvd., Suite 220, Las VegasOwner: Christina J. Frausto

Universal Carpet Care Inc. Business type: Repair and main-tenanceAddress: 3542 Sirius Ave., Suite A, Las VegasOwner: Michelle A. Cooper

Uyen V. Vu Business type: Bail agent/enforce-ment agent Address: 1550 S. Wells Ave., Suite 200, Las VegasOwner: Uyen V. Vu

Vegas Felt Co. LLCBusiness type: General retail sales

Records and TransactionsAddress: 2300 W. Sahara Ave., Suite 800, Las VegasOwner: Seth Debowy

Vida Realty Business type: Real estate salesAddress: 500 N. Rainbow Blvd., Suite 300, Las VegasOwner: Jesus M. Corrales

W.X.W. Business type: General retail sales Address: 900 N. Lamb Blvd., Suite 140, Las VegasOwner: Doraid J. Suleiman

WECAN Business type: General retail sales Address: 1771 E. Flamingo Road, Las VegasOwner: Wellness Education Can-nabis Advocates of Nevada

Wendy Bowles Business type: Nonfarm product vendorAddress: 302 S. Rampart Blvd., Las VegasOwner: Wendy Ann Bowles

Worth It Business type: Residential prop-erty maintenanceAddress: 2725 Palma Vista Ave., Las VegasOwner: Billy Neal

A-One Inc.Business type: General retail sales Address: 3901 W. Charleston Blvd., Las VegasOwner: Woodrow Wiley Jr.

Accolade Law Business type: Professional services Address: 3100 W. Sahara Ave., Suite 112, Las VegasOwner: Robert R. Telles PC

Activated Solutions Business type: General retail sales Address: 1212 S. Casino Center Blvd., Las VegasOwner: MMI 2 LLC

Aldrinz General Merchandise Business type: Tobacco dealerAddress: 1040 E. Sahara Ave., Suite 103, Las VegasOwner: Robert O. Ejercito

All American Lawn Maintenance Business type: Residential prop-erty maintenanceAddress: 2101 W. Warm Springs Road, Suite 3425, Las VegasOwner: Phillip Linenschmidt

Allstar Event Services Inc.Business type: General services (counter/office) Address: 2901 Highland Drive, Suite 14C, Las VegasOwner: Jerry Newton

Alter Ego Beauty Depot Business type: General retail sales

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VEGAS INC

19APRIL 12- APRIL 18

Records and TransactionsAddress: 2300 W. Sahara Ave., Suite 800, Las VegasOwner: Seth Debowy

Vida Realty Business type: Real estate salesAddress: 500 N. Rainbow Blvd., Suite 300, Las VegasOwner: Jesus M. Corrales

W.X.W. Business type: General retail sales Address: 900 N. Lamb Blvd., Suite 140, Las VegasOwner: Doraid J. Suleiman

WECAN Business type: General retail sales Address: 1771 E. Flamingo Road, Las VegasOwner: Wellness Education Can-nabis Advocates of Nevada

Wendy Bowles Business type: Nonfarm product vendorAddress: 302 S. Rampart Blvd., Las VegasOwner: Wendy Ann Bowles

Worth It Business type: Residential prop-erty maintenanceAddress: 2725 Palma Vista Ave., Las VegasOwner: Billy Neal

A-One Inc.Business type: General retail sales Address: 3901 W. Charleston Blvd., Las VegasOwner: Woodrow Wiley Jr.

Accolade Law Business type: Professional services Address: 3100 W. Sahara Ave., Suite 112, Las VegasOwner: Robert R. Telles PC

Activated Solutions Business type: General retail sales Address: 1212 S. Casino Center Blvd., Las VegasOwner: MMI 2 LLC

Aldrinz General Merchandise Business type: Tobacco dealerAddress: 1040 E. Sahara Ave., Suite 103, Las VegasOwner: Robert O. Ejercito

All American Lawn Maintenance Business type: Residential prop-erty maintenanceAddress: 2101 W. Warm Springs Road, Suite 3425, Las VegasOwner: Phillip Linenschmidt

Allstar Event Services Inc.Business type: General services (counter/office) Address: 2901 Highland Drive, Suite 14C, Las VegasOwner: Jerry Newton

Alter Ego Beauty Depot Business type: General retail sales

Address: 2901 W. Washington Ave., Las VegasOwner: Tynara Uba

Ana N. Hewitt-Modest Closet Business type: General retail sales Address: 1717 S. Decatur Blvd., Suite E08, Las VegasOwner: Ana Hewitt

Atelier by Square Salon Business type: General retail sales Address: 1225 S. Fort Apache Road, Suite 135, Las VegasOwner: R&B Royal Palms 2 Cor-poration

Avilez Law Business type: Professional services Address: 700 S. Third St., Las VegasOwner: Law Office of Maria Perez Avil

Avilla Beauty Business type: General retail sales Address: 1038 N. Rancho Drive, Las VegasOwner: Kayan Andreina Hung

Big O Tires Business type: Automotive ga-rage/service station (minor)Address: 2061 Rock Springs Drive, Las VegasOwner: Western Automotive Group LLC

Big Time Amusement Business type: Coin amusement machineAddress: 5740 W. Charleston Blvd., Las VegasOwner: Big Time Amusement Inc.

Blow Smoke and Gift Business type: Tobacco sales/lounge Address: 5860 W. Craig Road, Suite 120, Las VegasOwner: Blow Smoke and Gift Shop LLC

Build a Better Las Vegas Business type: Management or consulting service Address: 124 S. Sixth St., Suite 236, Las VegasOwner: Build a Better Las Vegas LLC

Cigarettes PlusBusiness type: Tobacco sales/lounge Address: 5015 E. Bonanza Road, Las VegasOwner: Savita Patel

Clint Whiting Business type: Real estate salesAddress: 1925 Village Center Circle, Suite 150, Las VegasOwner: Innovative Consultants LLC

Cody J. Raynoha Business type: Real estate salesAddress: 1820 E. Sahara Ave., Suite

101, Las VegasOwner: Cody J. Raynoha

Constellation Catering LLCBusiness type: Alcohol beverage catererAddress: 10695 W. Dorrell Lane, Las VegasOwner: James Woodrow

Craig Discount Mall Business type: Business space rent or leaseAddress: 4821 W. Craig Road, Las VegasOwner: Craig Discount Mall Inc.

David’s Towing Business type: Automobile towing serviceAddress: 456 E. Sunset Road, Las VegasOwner: Juan D. Castillo

Davit Hakobyan Business type: Real estate salesAddress: 3160 W. Sahara Ave., Suite A13, Las VegasOwner: Davit Hakobyan

Diamond Wireless Business type: General retail sales Address: 4300 Meadows Lane, Suite 1540, Las VegasOwner: Diamond Wireless LLC

Divine Cafe Business type: Alcohol beverage catererAddress: 770 Las Vegas Blvd. North, Las VegasOwner: Ynie LLC

Downtown Beauty Co. Business type: General retail sales Address: 707 Fremont St., Suite 1140, Las VegasOwner: Downtown Beauty Com-pany LLC

Downtown Las Vegas Events Center Business type: Alcohol beverage catererAddress: 200 S. Third St., Las VegasOwner: Downtown Las Vegas Events Center LLC

DTS Pharmacy & Compounding Business type: Professional ser-vices - medical Address: 2208 E. Charleston Blvd., Suite B, Las VegasOwner: Divine Touch Services, Pharmacy & Compounding LLC

Eide Bailly LLPBusiness type: Professional services Address: 8485 W. Sunset Road, Suite 204, Las VegasOwner: Megan A. Schimick

Empower Nutrition LLCBusiness type: Express or delivery serviceAddress: 6235 S. Pecos Road, Las

VegasOwner: Jodi Tiahrt

Emunique Mercantile Business type: Nonfarm product vendorAddress: 1717 S. Decatur Blvd., Las VegasOwner: Bonnie Nelson

Envision Electric Business type: ContractorAddress: 1026 Astounding Hills Drive, Las VegasOwner: Did not disclose

Eurest Dining Services Business type: Alcohol beverage catererAddress: 400 Stewart Ave., Las VegasOwner: Compass Group USA

Expo Nails Business type: Cosmetological establishment Address: 3872 W. Sahara Ave., Las VegasOwner: Duc Nguyen

Four Hands Business type: General retail sales Address: 495 S. Grand Central Parkway, Suite 140, Las VegasOwner: Four Hands LLC

Gregory & Waldo LLCBusiness type: Professional services Address: 1701 W. Charleston Blvd., Suite 600, Las VegasOwner: Amanda Gregory

Gri�n Rehearsal Studios Business type: General services (counter/office) Address: 32 W. Imperial Ave., Las VegasOwner: Gary Coveney

Hacienda Gardens Catering Inc.Business type: Alcohol beverage catererAddress: 4250 E. Bonanza Road, Suite 10, Las VegasOwner: Alicia Janette Perez

Happy Kids Ice Cream Business type: Ice cream truck Address: 2850 E. Charleston Blvd., Las VegasOwner: Aldo R. Mora

Headmasters Barbershop Business type: General retail sales Address: 1367 W. Owens Ave., Las VegasOwner: Headmasters Plaza LLC

Hercules Man-Power USABusiness type: General retail sales Address: 400 S. Fourth St., Suite 500, Las VegasOwner: Daniel Lee McGee

Hoppe Law Ltd.Business type: Professional services

Address: 601 S. Rancho Drive, Suite A7, Las VegasOwner: Craig A. Hoppe

I15 Auto Sales Business type: Automotive sales with minor repair Address: 2901 Highland Drive, Suite 2B, Las VegasOwner: Desert Enterprise Group LLC

In House Remodeling LLCBusiness type: ContractorAddress: 6136 Sundown Crest St., Las VegasOwner: Did not disclose

Intermex Wire Transfer LLCBusiness type: General retail sales Address: 3031 E. Charleston Blvd., Suite D, Las VegasOwner: Darrell Ebbert

JB’s II Shoes & Clothes Business type: General retail sales Address: 1324 D St., Las VegasOwner: Marcus A. Brown

Janie Wheeler Business type: Real estate salesAddress: 9525 Hillwood Drive, Suite 120, Las VegasOwner: Janie Wheeler

Jason Robert Prindl Business type: Real estate salesAddress: 1050 Indigo Drive, Suite 115, Las VegasOwner: Jason R. Prindl

Javier Mendez Business type: Real estate salesAddress: 9420 W. Sahara Ave., Suite 100, Las VegasOwner: Javier M. Mendez, a pro-fessional corporation

Jennifer Valdez Business type: Real estate salesAddress: 777 N. Rainbow Blvd., Suite 200, Las VegasOwner: Jennifer Valdez

Jewelry Art by Athena Business type: General retail sales Address: 707 Fremont St., Suite 2260, Las VegasOwner: Athena Manasses

JJB Cleaning Solutions LLCBusiness type: Residential prop-erty maintenanceAddress: 3628 Durant River Drive, Las VegasOwner: Omar Ortega

BUILDING PERMITS

$2,873,850, education building2840 Via Contessa, HendersonEthos Three Architecture

$2,500,000, commercial-highrise300 W. Sahara Ave., Las VegasPenta Building Group Inc.

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YOUR BUSINESS-TO-BUSINESS NEWSSend your business-related information to [email protected]

VEGAS INC

20APRIL 12- APRIL 18

Records and Transactions$1,980,000, commercial-mercan-tile/store6361 N. Decatur Blvd., Las VegasHobby Lobby Sstores Inc.

$490,766, commercial-remodel2270 Corporate Circle, Suite 100, HendersonTitanium Building Group LLC

$352,950, commercial-new1300 W. Sunset Road, Suite 1950, HendersonWhiting-Turner Contracting Co.

$279,024, residential-new72 Bella Lago Ave., HendersonWilliam Lyon Homes

$279,024, residential-new100 San Martino Place, HendersonWilliam Lyon Homes

$258,286, residential-new70 Bella Lago Ave., HendersonWilliam Lyon Homes

$258,098, residential-new1613 Quartz Ledge Court, Las VegasDR Horton Inc.

$253,851, residential-new1620 Quartz Ledge Court, Las VegasDR Horton Inc.

$237,991, residential-new102 San Martino Place, HendersonWilliam Lyon Homes

$186,518, residential-new10727 Hammett Park Ave., Las VegasToll North LV LLC

$169,800, commercial-remodel2550 Anthem Village Drive, Suite 140, HendersonDesign Builders Ltd.

$169,622, residential-new1108 Echo Pass St., HendersonKB Home Nevada Inc.

$164,845, residential-new12234 Catanzaro Ave., Las VegasRyland Homes

$149,881, residential-new1932 Galleria Spada St., HendersonToll Henderson LLC

$142,483, residential-new10429 White Princess Ave., Las VegasRyland Homes

$141,198, residential-new10749 Beecher Park Ave., Las VegasToll North LV LLC

$141,198, residential-new7319 Ellison Park St., Las VegasToll North LV LLC

$138,306, residential-new

5647 Ethan Hawke Ave., Las VegasRichmond American Homes of Nevada

$136,906, residential-new930 Harbor Ave., HendersonKB Home Nevada Inc.

$136,130, residential-new1585 Olivia Parkway, HendersonCentury Communities of Nevada LLC

$126,870, residential-new1589 Olivia Parkway, HendersonCentury Communities of Nevada LLC

$126,054, residential-new6733 Conquistador St., Las VegasRyland Homes

$120,271, residential-new1597 Olivia Parkway, HendersonCentury Communities of Nevada LLC

$118,700, tenant improvement2835 St. Rose Parkway, Suite 130, HendersonHacienda Builders Inc.

$117,887, residential-new1593 Olivia Parkway, HendersonCentury Communities of Nevada LLC

$113,173, residential-new3106 Bicentennial Parkway, Hen-dersonKB Home Nevada Inc.

$113,173, residential-new2384 Valissa St., HendersonKB Home Nevada Inc.

$103,000, disaster10100 W. Charleston Blvd., Suite 150, Las VegasBreslin Builders

$101,806, residential-new1601 Olivia Parkway, HendersonCentury Communities of Nevada LLC

$100,475, residential-new2386 Valissa St., HendersonKB Home Nevada Inc.

$96,000, tenant improvement2510 W. Horizon Ridge Parkway, Suite 200, HendersonShowcase Contracting LLC

$93,045, residential-new1605 Olivia Parkway, HendersonCentury Communities of Nevada LLC

$75,001, commercial-remodel11183 S. Eastern Ave., HendersonArizado LLC

$72,437, pool and/or spa12270 Sandy Peak Ave., Las VegasAnthony & Sylvan Pools Corp.

$63,480, pool and/or spa2525 Via Firenze, HendersonPacific Aquascape International

$62,031, roof-mounted photovol-taic system9313 Harrow Rock St., Las VegasSolarCity Corp.

$61,500, pool and/or spa9709 Summer Bliss Ave., Las VegasAlpha Landscapes LLC

$53,000, commercial-remodel2295 N. Green Valley Parkway, HendersonMBH Architects

$48,600, pool and/or spa6233 Chandon Court, Las VegasSteve Breck Pools LLC

$46,965, pool and/or spa10749 Elk Lake Drive, Las VegasPPAS LV LLC

$45,808, pool and/or spa3435 Thackwood Drive, Las VegasAnthony & Sylvan Pools Corp.

$45,800, residential-remodel197 Kachina Drive, HendersonBelfor USA Group Inc.

$45,000, pool and/or spa7760 Cinnamon Bear Ave., Las VegasLarry Confer

$40,045, roof-mounted photovol-taic system6104 Cocktail Drive, Las VegasSolarCity Corp.

$39,260, roof-mounted photovol-taic system6212 Red Pine Court, Las VegasSolarCity Corp.

$35,000, commercial-storage racks555 S. Grand Central Parkway, Las VegasJ&K Project Management

$35,000, electrical1771 Inner Circle, Las VegasVinco Inc.

$35,000, electrical2303 E. Sahara Ave., Las VegasVinco Inc.

$35,000, pool and/or spa7220 Falvo Ave., Las VegasGreencare Designs

$31,000, pool and/or spa11617 Cameo Ave., Las VegasBuild Your Own Pool by Desert

$30,000, mechanical1351 N. Town Center Drive, Las VegasRMC Facilities Services Inc.

$30,000, pool and/or spa

6409 Veranda Falls Court, Las VegasDesert Springs Pools and Spas Inc.

$29,716, pool and/or spa579 Lairmont Place, HendersonSunworld Pools LLC

$29,052, roof-mounted photovol-taic system5037 Desert Fir Drive, Las VegasSolarCity Corp.

$29,000, pool and/or spa8245 Orange Vale Ave., Las VegasBuild Your Own Pool by Desert

$26,954, roof-mounted photovol-taic system10205 Desert Wind Drive, Las VegasSolarCity Corp.

$25,000, demolition6690 N. Durango Drive, Suite 110, Las VegasLC&D Construction Inc.

$25,000, pool and/or spa10419 Hemingway Court, Las VegasNoel Nelson

$25,000, pool and/or spa3501 Misty Evening St., Las VegasDesert Springs Pools and Spas Inc.

$25,000, pool and/or spa12057 Alzina Court, Las VegasDesert Springs Pools and Spas Inc.

$25,000, pool and/or spa4936 Lone Wolf Ave., Las VegasBlue Haven Pools

$24,750, roof-mounted photovol-taic system6308 Fargo Ave., Las VegasArcadia Solar NV LLC

$24,000, pool and/or spa8208 Rennes Court, Las VegasBuild Your Own Pool by Desert

$22,874, roof-mounted photovol-taic system6909 Rocky Point Drive, Las VegasJersey Electric

$22,500, roof-mounted photovol-taic system6220 Dayton Ave., Las VegasSummerlin Energy Las Vegas LLC

$22,500, electrical2105 Velvet Hill Ave., Las VegasArcadia Solar NV LLC

$22,000, demolition495 S. Grand Central Parkway, Suite 100, Las VegasShrader & Martinez Construction

$21,563, roof-mounted photovol-taic system1404 Newport St., Las VegasSolarCity Corp.

$21,277, roof-mounted photovol-taic system2005 Verdinal Drive, Las VegasJersey Electric

$21,200, roof-mounted photovol-taic system6272 Bullring Lane, Las VegasSolarCity Corp.

$20,250, wall and/or fence484 Sterling Falls Ave., HendersonHirschi Masonry LLC

$20,000, commercial-on-site hardscapes and improvements6361 N. Decatur Blvd., Las VegasHobby Lobby Stores Inc.

$20,000, electrical1351 N. Town Center Drive, Las VegasRMC Facilities Services Inc.

$19,999, commercial-remodel1987 Whitney Mesa Drive, Hen-dersonCharger Construction LLC

$19,800, roof-mounted photovol-taic system11512 Bohemian Forest Ave., Las VegasGo Solar

$19,630, roof-mounted photovol-taic system7217 London Bridge Ave., Las VegasSolarCity Corp.

$18,845, roof-mounted photovol-taic system6956 Winter Ridge St., Las VegasSolarCity Corp.

$18,720, roof-mounted photovol-taic system10428 Mount Oxford Ave., Las VegasSummerlin Energy Las Vegas LLC

CONVENTIONS

Quest International Users Group - Collaborate15Location: Mandalay BayDates: April 12-16Expected attendance: 6,000

National Association of Broadcast-ers 2015Location: Las Vegas Convention CenterDates: April 13-16Expected attendance: 98,000

International Security Conference - ISC West 2015Location: Sands Expo & Conven-tion CenterDates: April 15-17Expected attendance: 17,000

To receive a complete copy of Data Plus every week in Excel, please visit vegasinc.com/sub-scribe.

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059_tsd_041215.indd 1 4/9/15 5:10 PM

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The List

Source: Salestraq 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. Although every attempt is made to ensure the accuracy and thoroughness of VEGAS

INC lists, omissions sometimes occur. Please send corrections or additions on company letterhead to Pashtana Usufzy, researcher, VEGAS INC, 2360 Corporate Circle, Third Floor, Henderson, NV 89074.

CATEGORY: WOMEN- AND MINORITY-OWNED BUSINESSES(RANKED BY NUMBER OF EMPLOYEES AS OF JAN. 1)

Company Year est. locally

Employees Business type Minority ownership

Female ownership

Top executive(s)

1 Visiting Angels1701 N. Green Valley Parkway, Suite 9AHenderson, NV 89074702-407-1100 • visitingangels.com/vegas

2000 291 Senior care 50 percent 50 percent Jacqueline DiAsio, administrator, co-owner

2 Lipscomb Group Inc./ Etan Holdings Inc.965 White DriveLas Vegas, NV 89119702-467-0218 • Did not disclose

2010 190 Restaurant 100 percent 100 percent Sharon D. Lipscomb, president, CEO

3 SO LLC dba Eagle Promotions4575 W. Post RoadLas Vegas, NV 89118702-388-7100 • theeagledesigngroup.com

2001 151 Custom printed apparel and promotional products

51 percent Sean Ono, president; Mario Stadtlander, vice president

4 Link Technologies9500 Hillwood Drive, Suite 112Las Vegas, NV 89134702-233-8703 • linktechconsulting.com

2000 139 IT consulting and professional services

54 percent Debbie Banko, CEO

5 Destinations by Design901 Grier DriveLas Vegas, NV 89119702-798-9555 • dbdvegas.com

1991 132 destination management and event company

100 percent 100 percent Joyce Sherman-Nelson, president

6 Windermere Anthem Hills12231 E. Eastern Ave., Suite 150Henderson, NV 89052702-212-1900 • windermereanthem-hills.com

2005 40 full-service residential and commercial real estate firm and property management

100 percent Di Redman, owner, corporate broker

7 Shaggy Chic/CKBCarlo Enterprises/Hank Inc.9811 W. Charleston Blvd., Suite 2Las Vegas, NV 89117702-951-0013 • shaggychic.com

34 Luxury, eco-friendly salon products, salon, treat boutique

100 percent 100 percent Kelly Cavanagh, top dog

8a MassMedia3333 E. Serene Ave., Suite 100Henderson, NV 89074702-433-4331 • massmediacc.com

1997 32 Full-service public relations, ad-vertising and market-ing agency

100 percent Kassi Belz, president

8b MDL Group3065 S. Jones Blvd., Suite 201Las Vegas, NV 89146702-388-1800 • mdlgroup.com

1989 32 Commercial real estate and property management

25 percent Carol Cline-Ong, CEO, principal

10a Braintrust Marketing and Communications8948 Spanish Ridge Ave.Las Vegas, NV 89148702-862-4242 • braintrustlv.com

2006 30 Marketing and public relations agency

50 percent Michael Coldwell and Kurt Ouchida, managing partners

10b Rachel’s Kitchen3330 S. Hualapai Way, Suite 190Las Vegas, NV 89117702-629-6100 • rachelskitchen.com

2006 30 Restaurant 100 percent 100 percent Debbie Roxarzade, founder

10c Red Rock Fertility Center/ Sunset Surgery Center6410 Medical Center St., Suite ALas Vegas, NV 89148702-262-0079 • lasvegasfertility.com

2008 30 Fertility clinic 100 percent 100 percent Dr. Eva Littman, practice director

13 Cheyenne Marketing8550 W. Charleston Blvd., Suites 102-254Las Vegas, NV 89117702-228-0185 • cheyennemarketing.com

2003 29 Marketing, public relations, events and branding

100 percent Shawn Lane, founder, CEO

14 Original Diva3663 Las Vegas Blvd. South, Suite 440Las Vegas, NV 89109702-836-9112 • originaldivaextensions.com

2014 23 Hair salon and nail bar 75 percent Nicole Zerafa, owner

YOUR BUSINESS-TO-BUSINESS NEWSSend your business-related information to [email protected]

VEGAS INC

22APRIL 12- APRIL 18

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This is being provided for informational purposes only. Not a commitment to lend. Not all borrowers will qualify. Prices, included features, availability and delivery dates are subject to change without notice or obligation and subject to builder discretion. Square footages are approximate. Terms and conditions vary and are subject to credit approval, market changes and availability. Images are an artists conception, actual homes may vary.

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