2016-03-27 - VEGAS INC - Las Vegas

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VEGASINC.COM | MARCH 27 - APRIL 2, 2016 BY HOWARD RIELL | SPECIAL TO VEGAS INC Those in the know in Las Vegas’ commercial real estate industry say they are cautiously optimistic about the performance of their industry in 2016. Michael Newman is one of them. Newman is managing director of the Las Vegas office of CBRE Group, the world’s largest commercial real estate services and investment firm. The CBRE, CONTINUED ON PAGE 15 21% Share of Americans who are “very confident” they’ll have enough money to live comfort- ably throughout their retire- ment, according to the 2016 Retirement Confidence Survey. 4,269 Number of breweries oper- ating in the United States at the end of 2015, accord- ing to the Brewers Associ- ation. The count surpassed the record set in 1873. Las Vegas’ return to normalcy Michael Newman, managing director of CBRE Las Vegas, says 2016 could be the best year the company has had in a decade. (UNLV PHOTO SERVICES) Several years after the recession changed the real estate landscape, firms are optimistic about the future

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Transcript of 2016-03-27 - VEGAS INC - Las Vegas

Page 1: 2016-03-27 - VEGAS INC - Las Vegas

v e g a s i n c . c o m | m a r c h 2 7 - a p r i l 2 , 2 0 1 6

By Howard riell | SPECIAL TO VEGAS INC

Those in the know in Las Vegas’ commercial real estate industry say they are cautiously optimistic about the performance of their industry in 2016. ¶ Michael Newman is one of them. Newman is managing director of the

Las Vegas office of CBRE Group, the world’s largest commercial real estate services and investment firm. The cBre, continued on page 15

21%

Share of Americans who are

“very confident” they’ll have

enough money to live comfort-

ably throughout their retire-

ment, according to the 2016

Retirement Confidence Survey.

4,269 Number of breweries oper-

ating in the United States

at the end of 2015, accord-

ing to the Brewers Associ-

ation. The count surpassed

the record set in 1873.

Las Vegas’ return to normalcy

Michael newman, managing

director of CBRE Las Vegas, says

2016 could be the best year the

company has had in a decade.

(UNLV Photo SERViCES)

Several years after the recession changed the real estate landscape, firms are optimistic about the future

Page 2: 2016-03-27 - VEGAS INC - Las Vegas

05 06 18Q&A WITH MICHAEL SHOHETThe president of the Southern Nevada chapter of the commercial real estate development as-sociation NAIOP discusses taxes, the availability of land in Nevada and his pas-sion for skiing and music.

THE NOTESPeople on the move, P4

MEET: RESORTCIERGE MDTyra Bell-Holland launched her business this year, connecting patients with doctors who are willing to perform house calls. Although tourists make up the majority of her clients, residents are starting to fi nd out about the service, too.

TALKING POINTSHow to measure and improve a building’s performance, P7

DATA AND PUBLIC INFORMATIONA listing of local bank-ruptcies, bid opportuni-ties, brokered transac-tions, business licenses and building permits.

MORE VEGAS INC BUSINESS NEWSCalendar: Happenings and events, P17

The List: Commercial real estate brokers, P22

NOTEWORTHY STORIES

VOLUME 3, ISSUE 12Vegas Inc (USPS publication no. 15540), 2275 Corporate Circle, Suite 300, Henderson, NV 89074 is published every Sunday except the first Sunday of the year by Greenspun Media Group. Periodicals Postage Paid at Henderson, NV and at additional mailing offices.

POSTMASTER: SEND ADDRESS CHANGES TO:Vegas Inc2275 Corporate CircleSuite 300Henderson, NV 89074702.990.2545

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EDITORIALEDITOR Delen Goldberg ([email protected]) MANAGING EDITOR Dave Mondt ([email protected])ASSISTANT MANAGING EDITOR/SPORTS AND DIGITAL Ray Brewer ([email protected])STAFF WRITERS Kailyn Brown, Julie Ann Formoso, Chris Kudialis, Megan Messerly, J.D. Morris, Daniel Rothberg, Cy Ryan, Eli Segall, Ricardo Torres-Cortez, Jackie Valley, Ian Whitaker COPY DESK CHIEF John TaylorCOPY EDITORS Jamie Gentner, Brian Sandford SPECIAL PUBLICATIONS EDITOR Craig Peterson EDITORIAL CARTOONIST Mike Smith LIBRARY SERVICES SPECIALIST Rebecca Clifford-Cruz RESEARCHER Julie Ann FormosoOFFICE COORDINATOR Nadine Guy

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(LAS VEGAS SUN ARCHIVES)

VINTAGE VEGAS: SHOWBOAT WAS CASTAWAY A DECADE AGO

Located at Fremont Street and Boulder

Highway, the Showboat opened in 1954 and

had a 50-year run.

During the 1980s, the property was a

hot spot for sporting events, including

professional bowling tournaments and big-

name boxing matches. Pictured here is an

exterior shot of hotel on June 24, 1981.

The hotel -casino had several owners and

was bought by Harrah’s Entertainment in

1998. It was sold two years later to VSS

Enterprises and renamed Castaways. The

property was acquired by Station Casinos in

2004 after owners fi led for bankruptcy, then

imploded on Jan. 11, 2006.

— REBECCA CLIFFORD-CRUZ

CONTENTSVEGAS INC2

MARCH 27-APRIL 2

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commercial real estate quarterlySend your business-related information to [email protected]

VEGAS INC4

march 27-april 2

Nicole Ward is multifamily re-gional manager at Virtus resi-dential. She oversees multifam-ily and micro-living residences downtown.

Joanna opena of Walker engi-neering was promoted to civil engineer I and was selected as a developing leader by NaioP southern Nevada. Jacob Deavers was promoted to designer EI I. Brady Guzman was promoted to CADD designer I.

christopher mcGarey, a long-time board member and leader of the commercial alliance las Vegas, received a 2015 National Commercial Award from the National association of real-tors. McGarey works at Berk-shire Hathaway Home services – Nevada Properties, leading the firm’s top commercial real estate team and handling commercial and residen-tial investment property management and leasing.

The Ne-vada as-sociation of realtors named Kevin sigs-tad its 2015 Nevada Realtor of the Year. Sigstad served as the associa-tion’s 2015 president after being president-elect in 2014. sher-rie carti-nella won the Nevada Distinguished Realtor Award for ongoing and consistent service to the associa-tion and the real estate profession. Pam reese won the Realtor Active in Politics Award for government-affairs advocacy and activities. rosa Herwick won the Joe Nolan Award recognizing spirit, passion and professionalism. She is a past president of the Nevada Association of Realtors and the Greater Las Vegas Association of Realtors. Greg martin won the Realtor Achievement Award for outstanding

service to local and state associations.

Joel Panduro joined the Ne-vada rural Housing authority as a Southern Nevada Home at Last specialist.

The Greater las Vegas as-sociation of realtors and its young Professionals Network of las Vegas announced the winners of their annual 40 Under 40 awards. They are tina africk, iProperties international; Frank aguilar, era Herman Group real estate; todd akes, re/maX advantage; Wil-liam J. alt, Wynn realty Group; marco a. chaidez Jr., Next level realty; Jay J. cooper, coldwell Banker Premier; christina cova-simmons, BHHs Nevada Properties; Huong Dam, coldwell Banker Premier; amber m. Delillo, iProperties interna-tional; andrew Dionne, Barrett and co.; Darwin s. Dizon, Pordes residential sales; sherwin escanu-ela, luxe estates & lifestyles; edgar escobedo, First mutual realty Group; Jim c. Fong, Keller Williams realty southwest; robert Gluskin, signature real estate Group; sevak Grigor, Platinum r.e. Professionals; randy K. Hatada, Xpand realty & Property management; serena m. Heuser, realty oNe Group; Jonathan Jacobs, simply Vegas; sara H. Jessa, urban Nest realty; steven a. Khalilzadegan, savi realty; ryan King, King realty Group; eric a. Kruger, Windemere Prestige Properties; Joseph y. lee, eProNet realty; omar a. lopez, BHHs Nevada Proper-ties; melissa G. machat, BHHs Nevada Properties; alexandra malenkina, Nevada realty experts; Holly marquardt, all Vegas Valley realty; olga mcDowell, Pordes residential sales; James J. mcGuire, signature real estate Group; charmaine Prospero, Northcap residential; Georgia Purpura, Keller Williams realty southwest; yared rivera, realty oNe Group; Krystal a. sherry, Hudson real estate; robert andy stahl, strategic realty; sasha terry, Platinum r.e. Professionals; angela K. tina, urban Nest realty; Pete torsiello, sig-nature real estate Group; Julie c. youngblood, Keller Williams realty southwest; and Geoffrey s. Zahler, Zahler Properties. The associations also inducted 14 members into the 40 Under 40 Hall of Fame: lianna l. alvarez, urban Nest realty; mah-shid Barghisavar, realty oNe Group; Jillian m. Batchelor, realty oNe Group; stephanie Dibbs, luxe estates & lifestyles; matt Farnham, crown Point realty; ashley Hawks, Black & cherry real estate; azim Jessa, urban Nest realty; anthony Knight, Platinum r.e. Professionals; Geoffrey W. lavell, realty oNe Group; Heather mongie, signa-

ture real estate Group; craig tann, BHHs Nevada Properties; David J. tina, urban Nest realty;

sandy Van, simply Vegas; and Zar a. Zanganeh,

luxe estates & lifestyles.

Heidi Kasa-ma is the

Greater las Vegas as-sociation of realtors’

Realtor of

the Year.

Kasama

works at

Berkshire Hathaway Home services – Nevada Properties.

Other pro-

fessionals

recognized

by GLVAR include David crete,

who won the Gene Nebeker

Memorial Award for outstand-

ing service to GLVAR and the

community; ronnie Vause,

who won the Ronn Reiss Award

for educational excellence and

leadership; lillian spencer, who won the Frank Sala/Marv

Rubin Award for long-term

commitment to grassroots political action and to

protecting private property rights; and ross Her-wick, who won the Jack Woodcock Professionalism

Award. GLVAR Hall of Fame inductees were David Brownell, 2013 GLVAR President Dave tina sr. and

robyn yates.

The commercial real estate Women las Vegas

2016 board of directors is led by leslie Becker of

lawyer trane. Other board members are Treasurer

mindy Kermes, vice president and senior busi-

ness relationship manager at Wells Fargo Bank;

membership director alicia syverson, business

development manager at steamatic restoration of southern Nevada; programs director Kathy Blond

of sr construction; secretary Kelly connery of

orbis solutions; sponsorship director michelle Drauker of commercial roofers, inc.; marketing

and public relations director Judi Hanf of New-market advisors; and immediate past president

and Commercial Alliance Advisory member Gina tarantino of Wells Fargo Bank.

siGstaD

mcGarey

HerWicK

tiNa

PaNDuro

crete

sPeNcer

Kasama

yates

reese

cartiNella

WarD

EXPERIENCE. MARKET KNOWLEDGE. ETHICS.The 28 Top O� ce and Industrial Brokers in Southern Nevada • Extensive Landlord and Tenant Representation Experience • www.sior.com

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Page 5: 2016-03-27 - VEGAS INC - Las Vegas

commercial real estate quarterlySend your business-related information to [email protected]

VEGAS INC5

march 27-april 2

If you could change one thing about Southern Nevada, what would it be?

Other than skipping the month of August, I’d like Southern Nevada to position itself to attract younger professionals. Our tourism industry has built a great base of employment that we need to build on and increase the level of our educated workforce. Investing in and improving our edu-cation system, both at the K-12 and post-secondary levels, will help at-tract new industries with higher-paying jobs. This in turn will attract new talent to our market. I think this virtuous cycle is one of the keys to economic development and growth.

What’s the biggest issue facing Southern Nevada?

In addition to education, taxes and land availability, there is a significant level of uncertainty with the proposed commerce tax and potential reforms to property tax caps. While increased taxes and fees can be onerous and det-rimental to business initiatives, un-certainty is worse. Lastly, while it may seem like there is plenty of land here, the fact is the federal government con-trols most of the land in the state, in-cluding most of the undeveloped land surrounding Las Vegas. In the short term, the result is higher land prices than some of our neighbors, such as Reno, Salt Lake City and Phoenix. This is a major factor when businesses are deciding where to locate new fa-cilities. In the long term, this situation limits the amount of land available for future commercial development, which results in limits on economic development and job growth.

What has been your most excit-ing professional project to date?

My most exciting project is always my next one. I like to continually challenge myself.

That said, working with Larry Ruvo and Frank Gehry on the Cleveland Clinic Lou Ruvo Center for Brain Health was a highlight. It is not often you have the opportunity to work with personalities and talents like them. Managing the Zappos project in the

old City Hall was a close second.

What are your main duties and goals as NAIOP president?

I see my role with NAIOP as the champion of our mission. This year, we have three new initiatives that our board has committed to take on.

First, we are working on leadership development. We have a great pro-gram called the Developing Leaders Institute, which is a yearlong industry-training program. We need to provide a pathway for some of these up-and-coming stars to take on a leadership role within the organization. We put together a task force of industry lead-ers to help us look at our bylaws and build strategies to accomplish this.

Second, we are trying to renew our relationship with UNLV. We would like to foster a collaborative partner-ship and recruit new student mem-bers. During the recession, UNLV graduates were not looking to the real estate business as a potential ca-reer path. We need to change that.

Finally, we are embarking on a diversity campaign. While we have made improvements in gender equal-ity in terms of representation on our board, in our organization and in our industry, there is a long way to go. The real estate industry should represent a cross-section of the demographic

make-up of our city. We will work with the various chambers of com-merce (Urban, Latin, Asian) to build strategies to accomplish this.

What was your industry’s big-gest surprise in 2015?

The announcement of the Fara-day project. For industrial real es-tate, this project is the catalyst for delivering utilities to 3,000 acres of developable industrial land at Apex Industrial Park. This will help ad-dress our land-availability issue and will provide low-cost land for future industrial development. In addition, it represents a shift in the types of in-dustries we have been able to attract and could be a catalyst for additional manufacturers to come here.

What are you reading?I normally read business or leader-

ship books, but I’m currently read-ing “Life,” Keith Richards’ autobi-ography. Playing guitar is one of the things I do to relax, and music is a passion of mine.

What do you do after work?I have a 6-year-old and an 8-year-

old, so evenings are the regular rou-tine — soccer practices, homework and dinner. I coach the Brian Head ski team, so the kids and I are up

there two to three weekends a month or in Salt Lake City at races. I raced when I was a kid in Canada, and both of my kids love it, too. I love travel and outdoor activities, and skiing is at the top of that list. During my career, I have taken two “ski sabbaticals.” In 1999, I embarked on a three-month ski tour living out of the back of a 1976 VW van and visiting some of the best ski resorts on the West Coast. In 2001, I took another three months off work to ski in Lake Tahoe. Travel is my other passion. In my 20s, I back-packed all over South America and Europe, and I still like to take trips to interesting places. This past holiday season, I spent a week in Guatemala.

Blackberry, iPhone or Android?As much as I would love to support

Blackberry, a Canadian company, I’m an iPhone user.

Describe your management style. I’m definitely a consensus builder.

I’m also an engineer by training, so my strength really lies in creative problem solving. I love diving into a complex problem and coming up with a creative solution.

Whom do you admire and why?I admire my brother. As kids, we

were both academically inclined, and we were good at math and science. I took the practical route with an edu-cation in engineering and a career in construction and development. Simon chose to follow his creative passion and embarked on a career in film. For many years, he toiled in that industry, working freelance to establish a “reel.” Now as a director of photography, he has achieved suc-cess and shoots movies, commercials and music videos. He recently shot a video for Rihanna and Drake. Some-times I wonder what my life would be like if I had chosen a career following a different passion, like skiing.

What is something people might not know about you?

I spent time in a Bolivian prison — but you have to buy me a drink if you want the full story.

q&a with michael shohet

NAIOP head talks education, land and skiing

Michael Shohet, vice president of JLL, is the 2016 president of the Southern

Nevada chapter of NAIOP. (STEVE MARCUS/STAff)

Michael Shohet is vice president of JLL financial and professional services firm and is the Southern Nevada chapter president of NAIOP, the largest real estate trade organization in Las Vegas, with more than 200 member companies. NAIOP focuses on net-working, education and advocacy, including government affairs.

Page 6: 2016-03-27 - VEGAS INC - Las Vegas

by the numbers

$1.1 billionSales price of the Shops at Crystals mall on the

Strip. CityCenter Holdings announced it was selling the mall to Invesco Real

Estate and Simon Property Group, with the transaction

expected to close by the end of June.

$8 million Asking price for the town of Cal-Nev-Ari, a community of about 350 people 70

miles south of Las Vegas. Cal-Nev-Ari’s 78-year-old owner is offering most of

the town for sale, including its casino, diner, conve-

nience store, 10-room mo-tel, RV park and mile-long

dirt airstrip.

$14.4 billion Amount of a sweetened bid the Starwood hotel

chain accepted from Mar-riott days after a Chinese insurance company made a $14.2 billion offer. Star-wood has four properties in Las Vegas. In addition, Starwood and SLS Las

Vegas announced that one of the SLS towers would

be converted to a W Hotel managed by Starwood.

3 Predicted number of weeks the municipal government of Atlantic City will have to shut down nonessen-tial services in April if the city doesn’t receive state

aid, according to the city’s mayor. The city’s tax base

has contracted since four of its 12 casinos closed.

320 million Active users on Twit-

ter, which turned 10 on March 21.

3,620Number of solar panels

installed on the roof of Las Vegas’ first Ikea. The store at the 215 Beltway and Du-rango Drive is scheduled to

open May 18.

$9.4 million Amount Amazon spent in 2015 lobbying for legisla-tion that would allow it to deliver goods by drone.

Tyra Bell-Holland owns Resortcierge MD, which connects patients with doctors who are willing to provide house

call services. (l.e. baskow/staff)

Describe your business.

We offer house call medicine with top physicians trained in hospital-ity, bedside manner, cross-cultural communications and other hospital-ity-oriented skills. By bringing treat-ment to the patient, we believe we provide high-quality care that con-tributes positively to medical tour-ism in Southern Nevada.

Who are your customers?

Primarily, our clients are tourists, but we have seen a recent shift to residents who didn’t know such services existed without costly membership fees.

What is your business philosophy?

To compassionately and elegantly provide profession-al medical house call services to each guest, exceeding their expectations.

How much does it cost for a house call?

A visit costs $650. We typically arrive in an hour or less but can also be scheduled in advance.

What does the service include?

With each visit, the doctor provides one-on-one, un-interrupted medical assistance. Each house call includes any prescriptions that might be required and a personal follow-up the same day by the physician. We also provide immediately a billing statement to submit for insurance reimbursement.

What is the hardest part about

doing business in Las Vegas?

Having cell service interrup-tions at some of the Strip resorts. We never want to miss a call.

What is the best part about do-

ing business here?

The people. We are extremely grateful to the community and in-

dustry leaders for their support in uncharted waters with a business model that is exclusively dedicated to resur-recting a forgotten service.

What obstacles has your business overcome?

The business still is in its infancy, but it takes an enor-mous amount of time and resources to set ourselves apart from our competitors — doing things that aren’t neces-sarily expected or required, such as tripling our liability insurance and having a 24/7 operation.

How can Nevada improve its business climate?

Nevada being ranked among the top three states for taxes helps everyone, because the state will continue to attract new business and growth. I personally am looking forward to the new resorts on the horizon.

What did you learn from the recession? Not to take any inquiry for granted and to refer busi-

ness appropriately regardless of whether there is mone-tary gain. Community means choosing to do what’s right all of the time.

Bringing back the house callresortcierge md

Address: 8022 S. Rainbow Blvd., Suite 445, Las Vegas

Phone: 1-844-692-4374Email: [email protected]

Website: resortciergemd.comHours of operation: 24/7

Owned/operated by: Tyra Bell-HollandIn business since: January

VEGAS INC6

march 27-april 2commercial real estate quarterlysend your business-related information to [email protected]

Page 7: 2016-03-27 - VEGAS INC - Las Vegas

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.

reader commentSWe want to hear

from you. Visit

vegasinc.com to

post your opinion.

on J.d. morris’

vegasinc.com story

“mGm resorts

reorganization

moves get initial oK

from gaming

regulators”:

This company is like

a snake that sheds its

skin each spring. If

the leaders spent half

the amount of time

actually running their

company instead of

sitting around dream-

ing up elaborate

financial shell games,

they’d be fine.

— Meridias Maximus

on J.d. morris’

lasvegassun.com

story “making tracks:

light-rail proposal

for maryland Park-

way is moving

forward”:

It is shocking that an

area that has built the

finest mega-resorts

in the world does not

have the same con-

cepts for mass transit.

— Cyrus Hojjaty

Las Vegas is the per-

fect place for light rail

because a large share

of the population

works in a centrally

located area. With

park-and-ride stations

in the suburbs, it

would be a huge suc-

cess. — ecd3easy

Just create a transit

lane, and the traf-

fic congestion issue

would be solved.

— KyleLeeReese

on daniel roth-

berg’s vegasinc.com

story “elon musk

taking direct ap-

proach to lobbying

nevada lawmakers

on solar energy”:

Musk is fighting fire

with fire.

— SteveMiller2

How to measure, improve a building’s performance

W hen shopping for a car, fuel economy is a major consideration, along with safety and price.

For prospective building purchasers or renters, the same holds true. Whether inhabiting an of-fice building, hospital, school, restaurant or government facility, building occupants expect a safe and healthy work setting that does not hinder productivity.

Environmental impact is increasingly important as well; buildings must be energy efficient and have acceptable carbon footprints.

However, unlike vehicles tagged with a miles-per-gallon metric, many buildings have no indicator to inform oc-cupants and owners how well the building performs or measures up to others in the community.

That’s where building performance measurement comes into play. Across the country, cities are implementing pro-grams that require building owners to report their build-ings’ performance based on energy efficiency and carbon footprint — annual energy cost per square foot and/or annual carbon emissions per square foot.

Think of the building performance measurement as simi-lar to the estimated mileage on new cars. The performance measurement tells prospective buyers or renters what it will cost to operate the building, and it enables them to compare to similar buildings.

As building performance ratings start to become the

norm, owners undoubtedly will focus on ways to further reduce utility costs. Among the tactics:

n Replace older air-conditioning systems with more efficient systems

n Improve the control systems for the building’s HVAC, lighting and electrical systems

n Reduce water consumptionn Add solar/photo voltaic panelsn Use analytics software to improve the building’s opera-

tion and energy efficiency. Building analytics gather key data in real time so custom-

ers can make essential decisions about operations. Aside from performance measurement, owners should

consider installing environmentally friendly materials, such as safer paints, wall coverings, flooring and adhesives.

Better lighting systems also can benefit occupants, easing eye strain and glare on computer screens. Use natural day-light as a source of lighting, and choose LED lighting rather than traditional fluorescent fixtures to improve the quality of interior lighting while also reducing energy consumption.

Optimizing a building’s performance can be a process, but taking steps toward better efficiency, safety, health and environmental impact ultimately will benefit building own-ers, occupants and buyers alike.

Tim Potter is vice president and Southwest branch manager at Envise, a national building management systems integrator and subsidiary of Southland Industries.

guest column: tim potter

VEGAS INC7

march 27-april 2commercial real eState quarterly

Send your business-related information to [email protected]

Page 8: 2016-03-27 - VEGAS INC - Las Vegas

Faraday Future hasn’t sparked land sales at Apex parkBy eli segallStaff Writer

Developer Ron Hakakian went to see Apex Industrial Park recently, intrigued by an auction offering hundreds of acres in the commercial district.

With Faraday Future planning a $1 billion auto factory at Apex, Haka-kian figures the mostly empty North Las Vegas business park will come alive one day. But for now, he wasn’t sure whether to bid.

Mason Harvey owns property at Apex and drew up plans for a 365-acre industrial park, which hasn’t materi-alized. Much of Apex is raw desert, but if companies could tap into a water grid, “we’d have a whole different pic-ture” there, he said.

Meanwhile, investor Khusrow Roo-hani snapped up 800-plus acres in the area a few months ago. He’s bullish on Apex, but for now he has no plans for his holdings.

“It depends on what else comes into that area,” Roohani said.

Real estate brokers have fielded a

surge of inquiries about Apex, and landowners have raised prices since news broke last year that Faraday, a Chinese-backed electric-car maker, was eyeing the park as a possible devel-opment site. To ensure Faraday picked North Las Vegas, the Legislature ap-proved a $335 million incentive pack-age for the Southern California-based startup company — whose ownership has been shrouded in secrecy — at a special session in December.

If all goes as planned, Faraday’s arrival would usher in thousands of jobs, yield newly built utilities and attract other de-velopment to the park, which for years has been largely bypassed as investors built industrial projects in other parts of North Las Vegas and the valley.

But so far, Faraday’s widely cheered site selection hasn’t sparked a land-buying binge at Apex, or even more than a few sales, real estate pros say.

The biggest obstacle, a long-stand-ing one, is that Apex is short on util-ity service, meaning businesses would run on water-wells and septic tanks

unless grids are installed, as planned in coming years.

And despite the excitement about Faraday — Gov. Brian Sandoval said its selection highlighted Nevada’s “limit-less potential” and helped create a state “based on innovation, technology and entrepreneurship” — some have ques-tioned whether the 3.4 million-square-foot factory would be built.

Faraday “has created kind of a re-newed fervor with Apex,” but “that in it-self is a little perplexing,” said real estate broker Dan Doherty, an executive vice president with Colliers International.

“The problem with Apex today is the problem with Apex 15 years ago,” Doherty said.

Real estate executives say Apex is a good fit for companies that need space for heavy industrial work or need to be far from residential areas, as the park was designed after Henderson’s Pep-con chemical plant — which produced a rocket-fuel enhancer — exploded in 1988, killing two people and injuring more than 300.

But if Apex had more to offer than ample acreage, it would look much dif-ferent today, executives say.

“It would all be developed if there were utilities out there,” said Provi-dence Commercial broker and former North Las Vegas mayor Mike Montan-don, who led the city when it started annexing Apex last decade.

MDL Group broker Michael Camp-bell said there had been “a tremen-dous amount of interest” recently in the industrial park, located around the Interstate 15-Highway 93 intersection about 25 miles north of the Strip.

But the interest hadn’t triggered a burst of land sales, he said, as a “sea-soned investor” would know what to ask about before pulling the trigger: utility service and the “reality” of both Fara-day’s factory and a planned, 50-acre test track for high-speed-transit startup Hy-perloop Technologies, Campbell said.

Moreover, some land in Apex sold for about $50,000 or $75,000 an acre the past two years, but owners now want from $100,000 to $280,000 per

commercial real estate quarterlySend your business-related information to [email protected]

8march 27-april 2VEGAS INC

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Page 9: 2016-03-27 - VEGAS INC - Las Vegas

acre, listings show.“I just can’t imagine a developer who

would pay those kinds of prices,” Camp-bell said.

If the car factory is built, developer Doug Roberts says, more construction in Apex likely would follow. But, he says, the “biggest knock” for years has been “the lack of infrastructure.”

Roberts, a partner with Panattoni De-velopment Co., says developers of the Tahoe Reno Industrial Center, or TRIC, installed utilities, removing a “fear of the unknown” from the 107,000-acre park and sparking a faster inflow of users.

Some 130 companies operate at TRIC, whose developers — including Lance Gilman, a cowboy hat-wearing brothel owner and county commissioner — spent $100 million on roads, sewage and water service, a freeway interchange and other infrastructure, project man-ager Kris Thompson said.

Perhaps the most notable company at TRIC is Tesla Motors. Backed by $1.25 billion in state incentives from a 2014 special session, the Silicon Valley electric-car maker is building a $5 bil-lion battery factory in the park.

Apex was designed as a 21,000-acre industrial park, and about 10 businesses operate in or just outside its borders, including two NV Energy power plants; 154-acre and 146-acre solar arrays; a medical marijuana-cultivation facility; a rock quarry; a landfill; and a Love’s truck stop and convenience store.

Apex has “an enormous amount of raw power” but needs substations so elec-tricity can be routed to local users, says Gina Gavan, North Las Vegas’ economic and business development director.

And Gavan says that despite a percep-tion that Apex is parched, the industrial park has ample groundwater — just no underground network of pipes.

Utilities, however, are slated to be in-stalled.

As part of the December special ses-sion, lawmakers authorized the state to borrow up to $175 million to build Apex’s sewage and water systems, emer-gency services and other infrastructure, according to Gavan.

Also, NV Energy has developed plans to support new customers with at least four new substations, spokeswoman Jennifer Schuricht said.

Gavan said Apex’s rising land prices were inflated, but that big users likely would negotiate smaller price tags. She also said she wasn’t worried by the dearth of land deals.

“I think the real serious people are cautiously waiting to see some action,” she said.

Faraday has started clearing its proj-ect site and ordered construction trail-ers, Gavan said.

A groundbreaking date hasn’t been confirmed, she said, but city officials have aimed for April.

“It’s sort of all in motion,” she said.Faraday says online that its factory,

once operational, would have 4,500 on-site jobs. At the peak, it would pro-duce up to 150,000 electric vehicles annually, according to the company’s incentive-package application.

The company has disclosed various executives and said it planned to have

500 employees by the end of 2015. It lists dozens of job openings online.

But it hasn’t disclosed a chief execu-tive officer. And while Chinese billion-aire Jia Yueting, chairman of media conglomerate LeTV, has said he’s an investor in Faraday, little else is known about the company’s ownership.

Former mayor Montandon says there are “still some questions” about whether Faraday will build its factory.

Trading of LeTV shares has report-

edly been halted at times. State Trea-surer Dan Schwartz wanted to inves-tigate, to ensure Nevadans weren’t “all smelling roses,” chief of staff Grant Hewitt said.

Schwartz is requiring Faraday post up to $75 million in collateral for state-issued bonds that would help finance Apex’s infrastructure projects, Hewitt said. He added the collateral is al-lowed by the special session’s laws and “would have always been requested.”

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Cancer’s assault on the body, mind and spirit is relentless. Battling it takes every ounce of a person’s strength, and the dedicated support of family, friends and physicians. This is why we believe that one of the most effective ways for a cancer patient to stay strong, is to stay home.

Comprehensive Cancer Centers of Nevada has made it our most important endeavor to call to arms the country’s most preeminent minds in oncology. We have brought the best and brightest here to Southern Nevada, where we will provide them the resources to conduct breakthrough research, in facilities where they can practice healing edge medicine. All so our cancer patients can stay right here at home—where they can focus entirely on getting well, while not having to expend precious energy traveling and adapting to unfamiliar surroundings.

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Page 15: 2016-03-27 - VEGAS INC - Las Vegas

cbre, from page 1

‘Developers and investors are being cautious’Fortune 500 company is headquar-tered in Los Angeles but employs 110 people in the Las Vegas Valley.

Newman recently weighed in on where his company — and commer-cial real estate in Las Vegas in general — appear to be heading.

How was 2015 for cbre Las Ve-gas?

The firm was responsible for more than $1.2 billion in real estate trans-actions during the year. CBRE’s headline-making deals in 2015 in-cluded the much-anticipated list-ing for Fontainebleau Las Vegas, the tallest tower on the Strip; the listing of 60-plus acres between Planet Hol-lywood and Hard Rock, the largest remaining undeveloped parcel in the resort corridor; the listings of Stir-ling Club at Turnberry Place and the historic Las Vegas Country Club; the bulk sale of 64 units at Sky Las Ve-gas; and the brokering of a milestone 15-year, $13.2 million lease at Prolo-gis Las Vegas Corporate Center.

How is 2016 shaping up?We’re only three months in, but

early signs show promise of 2016 be-ing the best year we’ve had in 10 years. The industrial market absorbed 4.6 million square feet in 2015, and signs point to increased absorption in 2016 as evidenced by the robust development activity we’re experienc-ing from companies such as Panattoni Development, Prologis, VanTrust, the Pauls Corp., Dermody Properties and Suncorp, to name a few.

As a market, we’ve missed opportu-nities because we didn’t have stand-ing industrial inventories readily available to accommodate manufac-turing, e-commerce and distribution businesses. That challenge is being addressed by the introduction of in-dustrial offerings that were complet-ed in 2015 and/or will be completed in 2016. Transaction values are ex-pected to increase 15 to 20 percent above 2015.

Your firm is growing, correct? On the whole, CBRE has been busy

recruiting and acquiring other firms both to strengthen its core com-petencies and to diversify its busi-ness. In the past decade, CBRE has acquired and integrated more than 100 firms. Over the past year alone,

the firm has been on pace to acquire about one company a month.

At the heart of these moves is the desire to ensure that CBRE offers the most robust and talented group of professionals to service our clients. With more than 70,000 employees in more than 400 offices worldwide, CBRE is able to mobilize around our clients’ most demanding real es-tate challenges to deliver outcomes that drive business value and asset growth.

In Las Vegas, we attribute our growth to CBRE’s international reach, significant resources and, of course, an improving market. How-ever, growth also is achieved through the recruitment of highly experi-enced professionals, the acquisition of new businesses that complement our existing platform and new busi-ness development through support-ing lines of business, including debt and structured finance, appraisal and valuation services, asset services and transaction services for large corporate clients. This complement of diversified services expands our client base well beyond brokerage.

What does that growth say

about the state of commercial real estate in Las Vegas?

History has proven that national and local real estate cycles usually run seven to 10 years. The fact that Nevada hasn’t fully recovered from the last economic downturn causes some to believe the next downturn may be softer.

That said, companies are thinking cautiously about the next two years. The effect is that developers and in-vestors are being cautious in their underwriting and, unlike in 2005 to 2007, they are adhering to traditional real estate investment fundamentals, allowing for smarter investment.

We still have room to grow in retail, but that growth is largely dependent on new housing construction and corresponding absorption. Measured growth should continue in the South-west, Henderson, Summerlin and the Northwest, but it will be a grad-ual growth. Vacancy continues to be skewed by retail properties in the core of the city that have lost anchors. The Las Vegas retail market also is contingent on the performance of national retailers that traditionally drive the development of shop space for local and regional retailers.

cbre Las Vegas doubled the size of its industrial group. Why?

Last year, CBRE significantly ex-panded its industrial division by adding Kevin J. Higgins and Garrett Toft, formerly with Voit Real Estate Services, along with three profes-sionals from their team, as well as James Griffis, formerly with MDL Group. These strategic recruitments put the exclamation point on CBRE’s industrial practice.

The 2015 expansion of the CBRE team was well-timed with the re-covering economy and significant growth in the valley’s industrial sec-tor. In fact, strong leasing activity and net absorption headlined the re-gion’s real estate activity for the year, and there appears to be no slowdown in sight.

How has the market changed since the recession?

New construction is more deliber-ate, and due diligence is more thor-ough, adhering to traditional real es-tate fundamentals.

The availability and affordability of land is an issue, particularly for industrial development in the South-west. During the recession, land val-ues adjusted to more realistic values that can support development, i.e. land is only worth what you can build on and support. However, since the end of the recession, land prices have increased, and the concern is that continued price inflation could re-strict new development. For our local economy to thrive, we need to con-tinue to grow and build.

On the industrial side, the Las Ve-gas market is being looked at as a preferred location for regional dis-tribution centers. New buildings are bigger and taller, partly driven by e-commerce. Las Vegas is starting to see more manufacturing companies in the market. The Las Vegas indus-trial market is entering a growth pe-riod with developers.

What advice do you have for investors and developers?

Stay patient, because the recovery is going to be long and gradual. There still is pent-up demand for high-qual-ity, well-positioned property in the Las Vegas market. Build it, and we’ll lease it.

The stalled fontainebleau resort on Las Vegas boulevard South was listed for sale

last year by CBRE. (stEvE maRCus/staff filE)

commercial real estate quarterlysend your business-related information to [email protected]

VEGAS INC15

march 27-april 2

Page 16: 2016-03-27 - VEGAS INC - Las Vegas

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Calendar of eventsMonday, March 28

Southern Nevada Forum:

Economic Development Committee

Time: 3:30-5 p.m. Cost: Free

Location: Las Vegas Metro Chamber of Com-

merce, 575 Symphony Park Ave., Suite 100, Las

Vegas

Information: Call 702-586-3846

Join legislators, government officials, business

leaders and other stakeholders in identifying re-

gional priorities for the 2017 legislative session.

Tuesday, March 29 Southern Nevada Society for Human Re-

source Management breakfast meeting

Time: 7:30-9:30 a.m. Cost: $15 for students, $25

general admission

Location: Caltrol, 1385 E. Pama Lane, Suite 111,

Las Vegas

Information: Visit snv.shrm.org

Ronna Timpa, founder of Workplace ESL Solu-

tions, will discuss ways to create a more inclu-

sive workplace for HR professionals and how to

link training to job performance, retention and

customer service.

Census data workshop for grant writers

Time: 10 a.m.-3 p.m. Cost: Free

Location: North Las Vegas City Hall, 2250 Las

Vegas Blvd. North, Room 521, North Las Vegas

Information: Call 702-912-1634

Learn how to use U.S. Census Bureau data to

build effective cases for funding.

Vegas Young Professionals Bigwig lunch time

Time: 11:30 a.m.-1 p.m. Cost: $15 in advance, $20

at the door

Location: Las Vegas Metro Chamber of Com-

merce, 575 Symphony Park Ave., Suite 100, Las

Vegas

Information: Call 702-586-3834

Caroline Ciocca, president and CEO of Make-A-

Wish Southern Nevada, will speak. Exclusive to

Vegas Young Professionals members, but mem-

bership is free through VegasYP.com.

Public Relations Society of America luncheon

Time: 11:30 a.m.-1 p.m. Cost: $30 for members,

$35 for nonmembers

Location: Fleming’s Prime Steakhouse and Wine

Bar, 8721 W. Charleston Blvd., Las Vegas

Information: Email [email protected]

Dave Sholler, vice president of public relations,

athlete development and marketing at the Ulti-

mate Fighting Championship, will speak about

how the brand engages audiences.

Father Max Business Mass

Time: 12:10 p.m. Cost: Free

Location: Guardian Angel Cathedral, 302 Cathe-

dral Way, Las Vegas

Information: Call 702-277-4517

Father Max Oliva, a Jesuit priest and business

consultant, will discuss the necessity of ethics in

the marketplace.

Wednesday, March 30

Project pitches and certification

Time: 9 a.m.-noon Cost: Free

Location: Sumnu Marketing, 1951 Stella Lake St.,

Suite 7, Las Vegas

Information: Call 702-229-6862

Learn how to turn your concepts into reality.

Presented by Sumnu Marketing and the U.S.

Small Business Administration.

Southern Nevada Certified Commercial

Investment Member luncheon

Time: 11:30 a.m.-1:30 p.m. Cost: $40 for mem-

bers, $50 for nonmembers, $60 after March 24

Location: Palms, Casino Ballroom, 4321 W. Fla-

mingo Road, Las Vegas

Information: Visit snccim.org

Learn about the “must know” deals in the valley.

Phillip Dunning, associate vice president of Col-

liers International, will moderate.

“Interstate 11: What’s at Stake?”

Time: 5-8 p.m. Cost: $20 for Henderson Develop-

ment Association members, $45 for nonmembers

Location: Railroad Pass, 2800 S. Boulder High-

way, Henderson

Information: Call 702-592-2211

Tina Quigley, general manager of the Regional

Transportation Commission of Southern Ne-

vada, will discuss the economic advantages of

Interstate 11, which will connect Las Vegas and

Phoenix.

Thursday, March 31 Las Vegas Hospitality

Association education panel

Time: 11:30 a.m.-1:30 p.m. Cost: $45 for mem-

bers, $60 for nonmembers

Location: MGM Grand Conference Center, Vista

Ballroom, 4763 Koval Lane, Las Vegas

Information: Visit mylvha.starchapter.com

Representatives from Uber, UNLV and Cvent will

share information about technology trends in

hospitality. Learn how technology affects travel,

tourism, meetings and conventions.

Friday, april 1 Las Vegas Medical Marijuana Association

Patient and Industry Focus Luncheon

Time: 11:30 a.m.-1 p.m. Cost: $40 for NevBio

members, $50 for walk-ins

Location: Lawry’s the Prime Rib, 4043 Howard

Hughes Parkway, Las Vegas

Information: Call 623-256-0503

Medical marijuana professionals will discuss

industry software, real estate and investments.

Patiet Griffin Pinkow will speak about medical

marijuana research and retinitis pigmentosis, an

inherited eye disease.

saTurday, april 2

Biddin’ for Bottles

Time: 6-9 p.m. Cost: $50 per person, $90 per

couple; $95 per person VIP, $180 per couple VIP

Location: Dragon Ridge Country Club, 552 S.

Stephanie St., Henderson

Information: Call 702-565-8951

Network with local professionals while enjoying

wine and appetizers, and bidding in an auction.

Proceeds will benefit Leadership Henderson and

High School Leadership, a coaching and mentor-

ing program.

Conventions ExPECtED SHoW LoCAtIoN DAtES AttENDANCE

American taekwondo Association West Coast tournament Las Vegas Convention Center March 30-April 2 5,000

National Automobile Dealers Association

Annual Winter National Convention Las Vegas Convention Center April 1-3 30,000

Clark County Democratic Convention Cashman Center April 2 4,000

American Society for Aesthetic

Plastic Surgery Annual Meeting Mandalay Bay April 2-7 2,500

CoMMERCIAL REAL EStAtE quARtERLYSend your business-related information to [email protected]

VEGAS INC17

March 27-april 2

Page 18: 2016-03-27 - VEGAS INC - Las Vegas

VEGAS INC18

march 27-april 2

Records and TransactionsBid OppOrtunitiesMONDAY, MARCH 283 p.m.Assessment of infrastructure disaster recovery architecture for Scope IIClark County, 604013Jim Haining at [email protected]

THURSDAY, MARCH 312:15 p.m.Desert Inn Road, Sir George Drive and Winterwood Boulevard im-provementsClark County, 603873Tom Boldt at [email protected]

3 p.m.Nuisance property and building abatement servicesClark County, 602952Adriane Garcia at [email protected]

FRIDAY, APRIL 13 p.m.Current production model dry box trucks, utility trucks and stake bed truckClark County, 604032Sandra Mendoza at [email protected]

3 p.m.Current production model hybrid sedans, pickups, bus, cargo van and tilt trailerClark County, 604035Sandra Mendoza at [email protected]

BrOkered transactiOnsSALES$6,500,000 for 155,476 square feet, schoolAddress: 2100 Olympic Ave., Hen-derson 89014LSI-Nevada LLCSeller agent: Charles Moore, Mar-lene Fujita-Winkel and M. Laura Hart of CBREBuyer: American Heritage AcademyBuyer agent: Did not disclose

$2,450,000 for 30,441 square feet, retailAddress: 4440 E. Washington Ave., Las Vegas 89110Seller: Mark M. KaisiSeller agent: Cathy Jones, Paul Miachika, Jessica Cegavske, Roy Fritz and David Livingston of Sun Commercial Real EstateBuyer: Berryessa Plaza LLCBuyer agent: Dan Gluhaich of Col-liers International

LEASES$688,000 for 4,465 square feet for 65 months, office

Address: 1645 Village Center Circle, Suite 60, Las Vegas 89134Landlord: Hines/Oaktree VentureLandlord agent: Darren Lemmon of CBRETenant: Brooks Hubley LLPTenant agent: Scott Donaghe of Avison Young

$307,000 for 4,333 square feet for 84 months, industrialAddress: 6185 Valley View, Suite M, Las Vegas 89118Landlord: Koll Valley View I, II & III LLCLandlord agent: Did not discloseTenant: The ICEE Co.Tenant agent: Joe Leavitt and Chris Lexis of Avison Young

$281,000 for 1,500 square feet for 120 months, retailAddress: 6525 S. Fort Apache, Suite 135, Las Vegas 89148Landlord: Monterey Vista Village Shopping CenterLandlord agent: Liz Clare, Jackie Young and Kris Watier of Avison YoungTenant: Lee CleanersTenant agent: Did not disclose

Business licensesSafer Smoking Solutions Pipes & FiltersLicense type: Merchandise brokerAddress: Did not disclose Owner: George F. Garcia

Salomon RoblesLicense type: Maintenance servicesAddress: 2505 Flower Ave., North Las Vegas 89030Owner: Salomon Robles

Sammy FernandesLicense type: Real estate salesAddress: 9420 W. Sahara Ave., Suite 100, Las Vegas 89117Owner: Samuel (Sammy) Fernandes

San Michele ApartmentsLicense type: ApartmentAddress: 5800 W. Lake Mead Blvd., Las Vegas 89108Owner: LV San Michele LLC

Scott WellsLicense type: Real estate salesAddress: 9525 Hillwood Drive, Suite 120, Las Vegas 89134Owner: Dana (Scott) Wells

Shaun DitmarLicense type: Real estate salesAddress: 7854 W. Sahara Ave., Las Vegas 89117Owner: Shaun Ditmar

Silverstate Credit Services LLCLicense type: Management or consulting serviceAddress: 2921 N. Tenaya Way, Suite 105, Las Vegas 89128Owner: Scott Casey

Simply Fundamental Basketball

AcademyLicense type: Interjurisdictional businessAddress: 11250 Falesco Ave., Las Vegas 89138Owner: Gregory Wayne Lockridge

Solv HRLicense type: Management or consulting serviceAddress: 2915 Lake East Drive, Las Vegas 89117Owner: Sabrina Orque

Speak Leadership ConsultingLicense type: Management or consulting serviceAddress: Did not discloseOwner: William Teel

Specialized Events Inc.License type: Professional servicesAddress: 4949 N. Rancho Drive, Suite 1, Las Vegas 89108Owner: Scott Kramer

Squadra Technologies Services LLCLicense type: Management or consulting serviceAddress: Did not discloseOwner: Clarence Nakamaru

Stephanie DuranLicense type: Real estate salesAddress: 8430 W. Lake Mead Blvd., Suite 100, Las Vegas 89128Owner: Stephanie Duran

Stephen Cibo PhotographyLicense type: PhotographyAddress: 1609 Danielle Rebecca Ave., North Las Vegas 89086Owner: Stephen S. Cibo

Stucco MastersLicense type: ContractorAddress: 1915 N. Michael Way, Las Vegas 89108Owner: Did not disclose

Style FurnitureLicense type: General retail salesAddress: 2041 N. Jones Blvd., Suite 103, Las Vegas 89108Owner: The Style Furniture LLC

Stylin Pool Care LLCLicense type: Property maintenanceAddress: 2065 Sapphire Valley Ave., Henderson 89074Owner: Stylin Pool Care LLC

Sunny Valley LandscapeLicense type: Residential property maintenanceAddress: Did not discloseOwner: Sunny Valley Landscape LLC

Sureshotcpa.comLicense type: Professional servicesAddress: Did not discloseOwner: Todd Shaul

Taqueria ManasesLicense type: Mobile food vendorAddress: 906 S. Sixth St., Las Vegas 89101Owner: Armando Verdugo

Tea or TisaneLicense type: Therapy servicesAddress: 1600 N. Rampart Blvd., Las Vegas 89128Owner: Melissa C. Hansen

Techsol of Nevada Inc.License type: ContractorAddress: 3550 E. Post Road, Suite 500, Las Vegas 89120Owner: Techsol of Nevada Inc.

The Cleaning DollsLicense type: Repair and mainte-nanceAddress: Did not discloseOwner: Jennifer Ybarra

The Grove Wellness CenterLicense type: Medical marijuana facilityAddress: 5570 S. Valley View Blvd., Las Vegas 89118Owner: TGIG LLC

The Management TrustLicense type: Real estate salesAddress: 8485 W. Sunset Road, Suite 100, Las Vegas 89113Owner: The Management Associa-tion Inc.

Todd J. VolfLicense type: Real estate salesAddress: 5550 Painted Mirage Road, Suite 140, Las Vegas 89149Owner: Todd J. Volf

Too Busy to CleanLicense type: Maintenance services and residential property mainte-nanceAddress: 4603 Strunk Lane, Las Vegas 89115Owner: Bryan and Loredana Lugo

Torres Auto DetailingLicense type: Automobile servicesAddress: Did not discloseOwner: Isai Torres Flores

Treshay AllenLicense type: Real estate salesAddress: 9525 Hillwood Drive, Suite 160, Las Vegas 89134Owner: Treshay Allen

Ultimate LightingLicense type: Maintenance servicesAddress: 3676 Solandra St., Las Vegas 89147Owner: Gorge Cerna

United Tax & Wealth GroupLicense type: Business supportAddress: 5450 W. Sahara Ave., Suite 350, Las Vegas 89146Owner: Jung H. Byun

Unlimited EscapesLicense type: Travel and ticket agencyAddress: Did not discloseOwner: Jayna N. Lamb

U.S. Barrel ShroudsLicense type: Sporting goodsAddress: Did not disclose

Owner: Debra Stokke

Vegas 44 Marketing & AdvertisingLicense type: Interjurisdictional businessAddress: 6075 Washland Drive, Suite 101, Henderson 89011Owner: Jose Barahona

Vet-Sec Protection AgencyLicense type: Professional servicesAddress: 4045 Spencer St., Suite 306, Las Vegas 89119Owner: Aarrowhead Security Inc.

Vibrant Blue CollectionLicense type: General retail salesAddress: Did not discloseOwner: Vibrant Blue Collection LLC

Virtusant LLCLicense type: Business supportAddress: 1180 N. Town Center Drive, Suite 100, Las Vegas 89144Owner: Edsel Iway

Warrior WrapsLicense type: Banner storeAddress: 2200 Civic Center Drive, North Las Vegas 89030Owner: Warrior Wraps LLC

Water St. MartLicense type: Convenience storeAddress: 147 S. Water St., Suite 100, Henderson 89015Owner: Indian Bowl Cuisine LLC

Waxed Out Wheels LLCLicense type: Automobile servicesAddress: Did not discloseOwner: Cherise D. Washington

Westdale Asset Management Ltd.License type: Maintenance servicesAddress: 2200 Civic Center Drive, North Las Vegas 89030Owner: Did not disclose

Western Trails Show Promotions LLCLicense type: Professional promoterAddress: 8948 Salvatore St., Las Vegas 89148Owner: Karl Lange

William Hill Race & SportsbookLicense type: SportsbookAddress: 1281 S. Decatur Blvd.; 739 S. Rainbow Blvd.; 8450 Westcliff Drive; 8820 W. Charleston Blvd., Suite 105, Las Vegas 89102Owner: William Hill Nevada

Xoxo Jamelle LLCLicense type: General servicesAddress: Did not discloseOwner: Jamelle C. Johnson

Yanet CastellonLicense type: Independent mas-sage therapistAddress: 129 Fremont St., Las Vegas 89101Owner: Yanet Castellon

Yi YangLicense type: Independent mas-sage therapist

COMMERCIAL REAL ESTATE qUARTERLYSend your business-related information to [email protected]

Page 19: 2016-03-27 - VEGAS INC - Las Vegas

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Page 20: 2016-03-27 - VEGAS INC - Las Vegas

commercial real estate quarterlySend your business-related information to [email protected]

vegas inc20

march 27-april 2

Records and TransactionsAddress: 10895 S. Eastern Ave., Suite 180, Henderson 89052Owner: Yi Yang

YRC FreightLicense type: Express or delivery serviceAddress: 5049 W. Post Road, Las Vegas 89118Owner: YRC Inc.

2117 Alta LLCLicense type: Business space rent or leaseAddress: 2117 Alta Drive, Las Vegas 89106Owner: Kevin M. Buckley

24/7 CourierLicense type: Express or delivery serviceAddress: 950 Seven Hills Drive, Las Vegas 89052Owner: Ron Gerszewski

AA Auto CareLicense type: Automobile servicesAddress: 6414 Losee Road; 5128 Camino Al Norte; 5680 Simmons St., North Las Vegas 89086Owner: 6414 Losee LLC

Action Pest ControlLicense type: Pest-control servicesAddress: 7595 W. Rome Blvd., Las Vegas 89131Owner: David B. Freeman

Advanced Landscape Lighting Inc.License type: ContractorAddress: 9816 Gallo Drive, Las Vegas 89147Owner: Advanced Landscape Lighting Inc.

AGS LLCLicense type: Slot operatorAddress: 5475 S. Decatur Blvd., Las Vegas 89118Owner: AGS

Air MedixLicense type: Consulting servicesAddress: 752 Feather Ridge Drive, Henderson 89052Owner: A&R Consulting LLC

Aktualize ApparelLicense type: General retail salesAddress: Did not discloseOwner: Aktualize Entertainment LLC

Aktualize EntertainmentLicense type: Professional promoterAddress: Did not discloseOwner: Aktualize Entertainment LLC

Albertson’sLicense type: GroceryAddress: 1940 Village Center Circle, Las Vegas 89134Owner: Albertson’s LLC

Alex T X HandymanLicense type: Residential property maintenanceAddress: Did not discloseOwner: Alejandro Xochitiotzi

All Pro Hydrojetting and PumpingLicense type: Residential property maintenanceAddress: 4955 Cecile Ave., Las Vegas 89115Owner: Robert Douglas Miller

All Things TechLicense type: General servicesAddress: Did not discloseOwner: James Hodges

American and Latin Personal CareLicense type: Residential home-care providerAddress: 4550 W. Oakey Blvd., Suite 111, Las Vegas 89102Owner: Eusebio Brooks

Ana’s Cleaning Services LLCLicense type: Residential property maintenanceAddress: Did not discloseOwner: Ana Prestholm

Andrew Maline Jr.License type: Real estate salesAddress: 5550 Painted Mirage Road, Suite 140, Las Vegas 89149Owner: Andrew Maline Jr.

Anna’s LinensLicense type: Sales/servicesAddress: 1925 W. Craig Road, North Las Vegas 89032Owner: FP Stores Inc.

Automotive Training and Diagnos-tic ServiceLicense type: Instruction servicesAddress: Did not discloseOwner: David Resetar

BUilDiNG pErmiTS$5,000,000, commercial - alteration2250 Las Vegas Blvd. North, North Las VegasCity of North Las Vegas

$2,320,000, tenant improvement - highrise1 S. Main St., Las VegasBreslin Builders

$1,836,000, institutional hospital1750 W. Horizon Ridge Parkway, HendersonHenderson Senior Real Estate LLC

$873,857, commercial2662 N. Buffalo Drive, Las VegasPacific Pipelines LLC

$327,000, WDS2662 N. Buffalo Drive, Las VegasPacific Pipelines LLC

$250,001, commercial - remodel209 N. Pecos Road, HendersonGlencoe Properties Inc.

$237,000, tenant improvement - offices9050 W. Cheyenne Ave., Suite 210, Las VegasBoyd Martin Construction LLC

$236,823, single-family residen-tion - production354 Granitico St., Las VegasToll South LV LLC

$229,452, residential - production2819 Belmont Drive, HendersonRyland Homes

$223,796, residential - complete361 E. Rancho Drive, HendersonRose Line LLC

$210,000, commercial1 S. Main St., Las VegasBreslin Builders

$208,733, commercial - alteration2121 E. Craig Road, North Las VegasAspen General Builders Inc.

$200,009, commercial - remodel1300 W. Sunset Road, Suite 2209, HendersonBPC Henderson LLC

$186,518, single-family residention - production x210819 and 10837 Hammett Park Ave., Las VegasToll North LV LLC

$181,765, residential - production275 Via San Gabriella, HendersonCentury Communities of Nevada

$178,992, residential - production3065 Lascari Ave., HendersonPardee Homes Nevada

$176,532, single-family residential - production x2276 and 282 Castelari Drive, Las VegasWoodside Homes of Nevada LLC

$176,220, residential371 E. Rancho Drive, HendersonRose Line LLC

$171,562, residential - production3057 Lascari Ave., HendersonPardee Homes Nevada

$169,954, residential - production3041 Lascari Ave., HendersonPardee Homes Nevada

$167,751, single-family residention - production318 Castelari Drive, Las VegasWoodside Homes of Nevada LLC

$164,845, single-family residen-tion - production378 Capistrano Vistas St., Las VegasRyland Homes

$155,617, residential - new7060 Solana Ridge Drive, North Las VegasWoodside Homes of Nevada LLC

$155,537, residential - production x23049 and 3061 Lascari Ave., HendersonPardee Homes Nevada

$154,866, single-family residen-tion - production10825 Hammett Park Ave., Las VegasToll North LV LLC

$152,265, residential - complete2208 Valdina St., HendersonKB Home Inspirada LLC

$150,017, commercial - remodel874 American Pacific Drive, Hen-dersonTouro University

$150,000, commercial500 S. Fourth St., Las VegasKalb Industries of Nevada Ltd.

$150,000, mechanical6605 Grand Montecito Parkway, Las VegasBurke Construction Group Inc.

$149,991, commercial - remodel7370 Eastgate Road, Suite 110, HendersonHarsch Investment PPYTS-NV LLC

$146,554, residential - production425 Via Gigante Court, HendersonCentury Communities of Nevada

$145,772, residential - production2198 Tortona St., HendersonPardee Homes Nevada

$145,722, residential - production3053 Lascari Ave., HendersonPardee Homes Nevada

$143,775, residential - new4456 Hatch Bend Ave., North Las VegasKB Home Nevada Inc.

$143,615, residential - production165 Bear Cove Terrace, HendersonBeazer Homes Holding Corp.

$143,615, residential - production1117 Copper Grass St., HendersonBeazer Homes Holding Corp.

$142,483, single-family residen-tion - production10421 Mount Washington Ave., Las VegasRyland Homes

$141,734, single-family residential - production6539 Dunns River St., Las VegasRichmond American Homes of Nevada

$141,657, single-family residention - production9954 Ramps Leap Ave., Las VegasWoodside Homes of Nevada LLC

$140,288, residential - production257 Harwood Heights Court, HendersonD.R. Horton Inc.

$138,815, single-family residential - production

9660 Ashlynn Peak Court, Las VegasRichmond American Homes of Nevada

$137,904, residential - production2609 Via Firenze, HendersonBeazer-Inspirada LLC

$137,904, residential - production2629 Marvel Astoria St., Hender-sonBeazer-Inspirada LLC

$134,483, single-family residential - production1226 Argent Bay Ave., Las VegasKB Home Nevada Inc.

$132,996, single-family residential - production10757 Wrigley Field Ave., Las VegasRyland Homes

$132,055, residential - new3648 Greenbriar Bluff Ave., North Las VegasJ.F. Shea Co. Inc.

$132,055, residential - new5630 Sagamore Canyon St., North Las VegasJ.F. Shea Co. Inc.

$129,475, residential - production138 Littlestone St., HendersonKB Home Nevada Inc.

$128,699, residential - produc-tion442 Fortissimo St., HendersonRichmond American Homes of Nevada

$128,323, single-family residen-tial - production10734 Red Badge Ave., Las VegasRyland Homes

$126,054, single-family residen-tial - production6789 Bristle Falls St., Las VegasRyland Homes

$125,317, residential - production1007 and 1015 Aubrey Springs Ave., HendersonD.R. Horton Inc.

$120,835, residential - new5829 Clear Haven Lane, North Las VegasBeazer Homes Holding Corp.

$120,271, residential - model2434 Quiet Ode St., HendersonCentury Communities of Nevada

$120,271, residential - production280 Via San Gabriella, HendersonCentury Communities of Nevada

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

Page 21: 2016-03-27 - VEGAS INC - Las Vegas

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Page 22: 2016-03-27 - VEGAS INC - Las Vegas

Source: VEGAS INC research. It is not the intent of this list to endorse the participants or to imply that the listing of a company indicates its quality. Although every attempt is made to ensure the accuracy and thoroughness of VEGAS INC charts,

omissions sometimes occur and some businesses do not respond. Please send corrections or additions on company letterhead to Julie Ann Formoso, research associate, VEGAS INC, 2275 Corporate Circle, Suite 300, Henderson, NV 89074.

The List Category: CommerCial real estate brokerages(ranked by total 2015 lease and sales volume)

Company

Year established locally

2015 total volume

2015 lease volume

2015 sales volume

Commercial agents Top local executive

1 Colliers International3960 Howard Hughes Parkway, Suite 150Las Vegas, NV 89169702-735-5700 • colliers.com/lasvegas

1993 $1,660,262,600 $743,978,000 $916,284,600 60 Mike Mixer, executive managing director

2 CBRE Inc.3993 Howard Hughes Parkway, Suite 700Las Vegas, NV 89169702-369-4800 • cbre.com/lasvegas

1981 $1,044,082,223 $338,263,350 $705,819,873 30 Michael Newman, managing director

3 Newmark Grubb Knight Frank3930 Howard Hughes Parkway, Suite 180Las Vegas, NV 89169702-733-7500 • ngkf.com

2000 $507,374,930 $117,913,080 $389,461,850 14 Larry Singer, managing broker

4 Cushman & Wakefield/Commerce3773 Howard Hughes Parkway, Suite 100SLas Vegas, NV 89169702-796-7900 • comre.com

2001 $447,796,334 $210,278,791 $237,517,543 25 Michael R. Dunn, market leader

5 NAI Vegas8945 W. Russell Road, Suite 110Las Vegas, NV 89148702-383-3383 • naivegas.com

1988 $264,452,208 $161,230 $264,290,978 12 Patrick J. Sauter, managing partner

6 Jones Lang LaSalle Brokerage Inc.302 E. Carson Ave., Suite 310Las Vegas, NV 89101702-360-4907 • jll.com

1998 $256,355,249 $118,193,199 $138,162,050 5 Bret Davis, executive vice president

7 Avison Young3993 Howard Hughes Parkway, Suite 350Las Vegas, NV 89169702-472-7979 • avisonyoung.com

2012 $235,239,500 $29,275,500 $205,964,000 12 Joseph E. Kupiec, Sr., principal, manager director

8 The Equity Group6018 S. Durango Drive, Suite 110Las Vegas, NV 89113702-369-4300 • teglv.com

1980 $207,206,970 $78,700,000 $128,500,000 22 Scott A. Godino, owner

9 New Market Commercial Real Estate Advisors5245 S. Durango DriveLas Vegas, NV 89113702-221-2500 • newmarketadvisors.com

1997 $174,329,845 $149,722,795 $24,607,050 11 Charles Creigh, president

10 Virtus Commercial1333 N. Buffalo Drive, Suite 120Las Vegas, NV 89128702-787-0123 • virtusco.com

2008 $161,728,879 $31,349,382 $130,379,497 12 Chris Emanuel, president, broker

CommerCial real estate quarterlySend your business-related information to [email protected]

22march 27-april 2VEGAS INC

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Page 23: 2016-03-27 - VEGAS INC - Las Vegas

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