2015-06-14 - vegas inc - las vegas

V E G A S I N C . C O M | J U N E 1 4 - 2 0 , 2 0 1 5

BY DANIELLE BIRKIN | SPECIAL TO VEGAS INC

When David Knight founded the data-trading platform Terbine last year in the Bay Area, he immediately recognized the saturation of startups in the Silicon Valley and the high cost of doing business there, and he set out to relocate. ¶ The

serial entrepreneur narrowed his search to two possibilities: Austin, Texas, and Las Vegas, with Southern Nevada VENTURE ACCELERATOR, CONTINUED ON PAGE 15

12Number of consecutive months

gaming revenue has been

down in Macau, China. Las

Vegas Sands, Wynn Resorts

and MGM Resorts International

operate resorts in the region.

280KNumber of jobs employers

added in May, according to

the U.S. Labor Department.

Most were in professional and

business services, leisure and

hospitality, and health care.

Jump-starting new business

Brothers Spencer, left, and Thomas

Typinski, center, talk with Fennemore Craig

director Mark Hawkins about their business,

Peak Physique. (STEVE MARCUS/STAFF)

Law firm’s program helps entrepreneurs avoid rookie mistakes and steer clear of pitfalls in startup process

1-15_VICover_20150614.indd 1 6/12/15 2:52 PM

05 06 18Q&A WITH JOSHUA SMITHThe executive chef at Bardot Brasserie at Aria talks about competitiveness in the restaurant industry, his favorite local restaurants (other than Bardot Brasserie) and the time he almost died but made it to work the next day.

THE NOTESGiving, P4

MEET: HIGH DESERT FARMSDoug and Leslie Ives have learned how to grow fruit, vegetables and micro-greens in extreme desert conditions. They discuss the challenges of doing so and the benefi ts of buying local produce.

TALKING POINTSFederal Reserve is walking a tightrope, 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: Accounting fi rms, P22

NOTEWORTHY STORIES

VOLUME 2, ISSUE 22Vegas Inc (USPS publication no. 15540), 2360 Corporate Circle, Third Floor, Henderson, NV 89074 is published every Sunday except the last Sunday of the year by Greenspun Media Group. Periodicals Postage Paid at Henderson, NV and at additional mailing offices.

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PUBLISHER Donn Jersey ([email protected])

EDITORIALEDITOR Delen Goldberg ([email protected]) MANAGING EDITOR Dave Mondt ([email protected])DIGITAL EDITOR Sarah Burns ([email protected])BUSINESS EDITOR Brian Deka ([email protected])STAFF WRITERS Kailyn Brown, Andrea Domanick, Adwoa Fosu, Jesse Granger, Ana Ley, Megan Messerly, J.D. Morris, Kyle Roerink, Cy Ryan, Eli Segall, Conor Shine, Jackie Valley, Pashtana Usufzy, Katie Visconti, Ian Whitaker COPY DESK CHIEF John TaylorCOPY EDITORS Jamie Gentner, Brian Sandford SPECIAL PUBLICATIONS EDITOR Craig Peterson DIGITAL COORDINATOR Adelaide Chen EDITORIAL CARTOONIST Mike Smith LIBRARY SERVICES SPECIALIST Rebecca Clifford-Cruz RESEARCHER Julie Ann FormosoOFFICE COORDINATOR Nadine Guy

ARTASSOCIATE CREATIVE DIRECTOR Liz Brown ([email protected])DESIGNER LeeAnn EliasPHOTO COORDINATOR Mikayla Whitmore PHOTOGRAPHERS L.E. Baskow, Christopher DeVargas, Steve Marcus

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PRODUCTIONVICE PRESIDENT OF MANUFACTURING Maria Blondeaux ASSISTANT PRODUCTION DIRECTOR Paul Huntsberry PRODUCTION MANAGER Blue Uyeda PRODUCTION ARTIST Marissa Maheras, Dara Ricci ART DIRECTOR Sean Rademacher GRAPHIC DESIGNERS Michele Hamrick, Carlos Herrera TRAFFIC SUPERVISOR Estee Wright TRAFFIC COORDINATORS Kim Smith, Meagan Hodson

CIRCULATIONDIRECTOR OF CIRCULATION Ron GannonROUTE MANAGER Joel Segler

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

GREAT RECESSION HAS A SEQUEL: ‘RETURN OF THE ZOMBIE HOMES’

Las Vegas’ housing market is a lot better than it was during the depths of the recession, when it seemed everyone was underwater, losing a home to foreclosure or both.

But today, a hallmark of the housing bust not only remains, it seems to be getting worse: abandoned homes.

Some 34 percent of Las Vegas Valley homes in the foreclosure process but not yet bank-owned have been vacated by their owners, according to RealtyTrac. That amounts to 1,942 “zombie” foreclosures,

up 16 percent from 1,670 zombie homes a year

ago. All together, 1 in every 435 homes valley wide is a zombie foreclosure,

compared with 1 in every 1,040 homes nationally, RealtyTrac reported.

Such homes usually fall into disrepair and are prone to squatters. They blight neighborhoods and push down property values.

Real estate agents, concerned about the number of abandoned homes locally, are “hopeful banks will fi nally address one of the last dark clouds on the horizon,” Greater Las Vegas Association of Realtors President Keith Lynam recently said.

But this can’t be solved just by bankers.Las Vegas is a transient place, and the

local economy, while improving, is far from robust. There always will be people, in good times and bad, who can’t afford their mortgage. And there will always be people who say, “ Forget it, I’m outta here.”

— ELI SEGALL

CONTENTS

VEGAS INC

2JUNE 14- JUNE 20

2_VITOC_20150614.indd 2 6/12/15 2:51 PM

Join hundreds of motivated women, along with a

dynamic lineup of engaging and inspirational speakers,

for a two-day journey designed to enhance your

career, build your professional network and

maximize your leadership potential.

For more information and to register now,

please visit mgmresortsfoundation.org

July 13 & 14 at MGM Grand Las Vegas

JOIN US

for the 2015 Women’s Leadership Conference

0000124187-01.indd 1 6/2/15 4:05 PM

VEGAS INC

4JUNE 14- JUNE 20

Cox Communications opened a tech-nology center at Desert Pines Boys & Girls Club in East Las Vegas. The company also redeployed Connect-2Compete, a program that offers dis-counted high-speed Internet service to low-income families and targets nine Clark County schools near the club: Bracken, Edwards, Earl, Grag-son, Hewetson, Ronnow, Cambeiro and Lunt elementary schools, as well as Robison Middle School.

The Stratosphere donated $1,000 to the Nevada Society for the Preven-tion of Cruelty to Animals and the Juvenile Diabetes Research Foun-dation. The diabetes foundation donation was made on behalf of Old School 105.7 radio host Lynn Briggs, whose family is affected by the dis-ease. The resort also donated $1,000 to the Children’s Heart Foundation and its Walk With the Heart of a Child event. The heart foundation supports families affected by pediatric cardiol-ogy conditions.

Wynn and Encore committed $75,000 to the Meeting Planners International Foundation to launch a scholarship for professional meeting planners. The money will cover two scholarship recipients each month over the next three years.

Blue Man Group is partnering with Autism Speaks, an autism science and advocacy organization. The Blue Man Group pledged $25,000 and is hosting sensory-friendly shows suit-able for children with autism spectrum disorders. Slight modifications will be made, including reducing sound and light levels, making headphones available and creating calming en-vironments in each theater’s lobby for families seeking a break from the excitement.

Palms Pool and Dayclub is help-ing charities through Cabanas for a Cause, an annual initiative in which a $100 cabana rental fee is donated on select days to a featured charity of the week. This summer’s beneficiaries include the Epicurean Charitable Foundation, Aid for AIDS in Nevada, Three Square Food Bank and the Goodie Two Shoes Foundation.

Rex Bell Elementary School received 450 backpacks filled with school supplies from HDI Global and World Vision.

The Leadership Las Vegas Class of 2013 presented Cambeiro Element-ery students with more than 800 books for classroom libraries, prizes for reading and nearly $15,000.

Police officers raised more than $94,000 at Claim Jumper restaurants during the annual Tip-A-Cop fund-raiser benefiting Special Olympics. Officers traded in their badges and handcuffs for aprons and served din-ers at Claim Jumper locations in Ne-vada, Arizona, California, New Mexico, Oregon and Washington.

The Public Education Foundation honored Foothill High School Direc-tor of Bands Travis Pardee with the Myra Greenspun Teacher Excellence Award. The award — established in 2008 by Myra Greenspun, who is on the executive committee of the Public Education Foundation’s board of directors — recognizes an exem-plary public school teacher who uses innovative teaching strategies and raises student achievement. Pardee was nominated by Sean Thueson, a parent and chair of the Falcon Band Boosters at Foothill High School. In his nominating letter, Thueson wrote Pardee’s “life work is dedication to teaching, not just about music, but about life and how to be a good per-son.” Greenspun is the wife of Brian Greenspun, CEO and publisher of Greenspun Media Group.

Raymond Wilmer joined the board of directors of Make-A-Wish South-ern Nevada. Wilmer is associate vice president of client sales and a service officer at U.S. Trust, Bank of America Private Wealth Management. He co-founded the Las Vegas chapter of Bank of America’s LGBT Pride Employ-ee Network and served as board presi-dent of the Gay and Lesbian Commu-nity Center of Southern Nevada.

More than 900 volunteers and corpo-rate sponsors from across Southern Nevada repaired and renovated 20

homes during National Rebuilding

Day. Southwest Gas teamed with Re-building Together Southern Nevada

for the 21st year and repaired the

home of a U.S. Navy veteran’s widow

who adopted her three grandchil-

dren, who require special medical

attention. More than $65,000 worth

of repairs were made to the home.

Lowe’s Home Improvement provided

$10,000 to replace the air condition-

ing unit and repair the home’s roof.

Elsewhere, more than 15 Chase Bank

employees and five Air Force mem-

bers worked at a home, landscaping

the back yard, painting the exterior,

replacing a door, replacing locks and

lights, and rewiring the patio area.

Nevada State Bank donated $25,000

to Communities in Schools of Ne-vada to benefit the Splashdown for

Kids event and support a hunger pre-

vention program that provides meals

to Elko County schoolchildren.

The Association of Fundraising Professionals, Las Vegas Chapter, do-

nated $2,000 to the Library District Foundation. The money will benefit

the Library District’s Southern Ne-vada Nonprofit Information Center.

Rotary Club of Las Vegas West donated $10,000 to Jack Dailey Elementary for a school garden. The

money will pay for raised beds and

landscape improvements so students

can enjoy an outdoor classroom and working, living garden.

The Torino Foundation received $5,000 from Findlay Automotive Group to help fund the Camp I Am program, which sends children with autism to summer camp.

CenturyLink donated $35,000 to valley schools for technology proj-ects. Dorothy Eisenberg Elementary School was awarded almost $5,000 to buy iPad Minis and pay for atten-dance to the 2015 National Asso-ciation for the Education of Young Children Conference. The grant will help students with autism better com-municate and learn through hands-on technology. Teacher Brenda McNair submitted the project. East Career and Technical Academy was awarded about $5,000 to buy iPod Touches for students to enhance science and technology learning. Teacher Bonny Warby submitted the project. Ed W. Clark High School was awarded more than $4,000 to buy dual-control starter kits for the robotics program. Teacher Jean Moran submitted the project. Helen Marie Smith Elemen-tary School was awarded more than $2,500 to buy iPad Minis and iTunes gift cards for educational applications. Gifted Specialist Amie Blumenthal submitted the project. Jim Bridger Middle School was awarded approxi-mately $5,000 to buy MacBooks and an Apple TV for collaborative learn-ing. Teacher Amy White submitted the project. Legacy High School was awarded $5,000 to buy chemistry lab probe-ware for advanced placement chemistry students. Teacher Matthew Totaro submitted the project. Silvestri Junior High School was awarded more than $4,000 to buy 3-D engi-neering software and printing technol-ogy. Librarian Julie Curl submitted the project. Spring Mountain Youth Camp was awarded $4,500 to buy a MakerBot printer and 3-D modeling software for art students. Art De-partment Chairman Bradley Combs submitted the project.

A $1 million gift from the Bennett Family Foundation will provide scholarships to more than 150 new and returning UNLV Honors College students over the next four years.

Elsa Sabellano Jenstad received a $20,000 scholarship and Krista Burdick was awarded $5,000 to fund their culinary educations at Le Cordon Bleu College of Culinary Arts in Las Vegas, courtesy of Chase Sapphire Preferred. The aspiring chefs worked with chefs Emeril Lagasse and Mi-chael Mina in a cooking competition at Vegas Uncork’d.

Matt Smith Physical Therapy’s fourth annual food drive benefiting Three Square Food Bank collected 706 pounds of food, which will help cre-ate 588 meals. Since the food drive’s inception in 2012, Matt Smith Physical Therapy has collected 4,291 pounds of food.

GIVINGSend your business-related information to [email protected]

Nominations are due June 22 for the 2015 Angel Awards. VEGAS INC will honor people and businesses in Southern Nevada who make a difference in the chari-table landscape of our community. The Angel Awards were established to ac-knowledge and encourage the accomplishments and contributions of our most outstanding community leaders and will be included in our special publication, the Giving Guide. Categories for individuals are Humanitarian of the Year, Vol-unteer of the Year and Cultural Advocate/Entertainer of the Year. Categories for companies are Nonprofit of the Year, Philanthropic Business of the Year — Public, Philanthropic Business of the Year — Private and Foundation of the Year. Send an email to [email protected] for more information.

More than 225 Henderson residents and volunteers from CarMax, Boys & Girls Clubs of Southern Nevada and KaBOOM! built a new playground for children served by the John C. Kish Boys & Girls Clubs of Southern Nevada Clubhouse. Construction and painting took about four hours. The CarMax Foundation also donated $10,000 to Boys & Girls Clubs of Southern Nevada. Through a $4.1 million partnership, the CarMax Foundation and KaBOOM! plan to build 30 playgrounds across the United States by the end of 2015.

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

VEGAS INC

5JUNE 14- JUNE 20

You left Las Vegas for a while. What did you miss about the city? What didn’t you miss?

I missed my family the most, the weather — I was in Chicago — and the 24-hour food-and-beverage options.

I’m excited to be back home to hopefully make a very soulful contri-bution to the culinary offerings in my hometown.

What’s the hardest part about working in the restaurant industry? What’s the most rewarding part?

The hardest part has to be the hours. To be a contender, you have to put in lots of effort that the other guy isn’t willing to put in. You have to live, sleep, breath and eat 24/7 like a chef. If you aren’t working on your weaknesses, I can guarantee you the other guy is. You have to always have the drive to be better and offer more.

It’s demanding but very rewarding. I guess the effort and invested time is both the hardest and the most reward-ing part of being in this industry, all wrapped into one neat little package.

What are your favorite local restaurants?

My favorite local restaurants are Raku, Lotus of Siam, and I always re-ally love Mary’s Hash House for break-fast. Every ounce of effort at those es-tablishments shows consistently.

What do you hate to cook?Subpar ingredients. I don’t enjoy

cooking something if I feel chal-lenged by its quality. Fishy fish, mushrooms that are wet and decom-posing. If I were cooking at a friend’s house and was handed a bag of frozen vegetables, I’d respectfully agree to cook them, but I would definitely loathe every second.

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

Rich Melman told me to save my money. Being smart with your own money translates into an ability to

carefully manage a business. He’s a genius and took me under his wing as a mentor years ago. If I’ll take advice from anyone, it’s him.

What are you reading right now?“The French Kitchen,” by Michel

Roux Jr.

What do you do after work?I stay up two to four hours with

my girlfriend doing what other cou-ples do, just a little later at night. We watch TV, eat late dinners, have a few drinks, try new bars, etc.

Blackberry, iPhone or Android?IPhone, always.

Describe your management style.

Consultative/situational leader-ship. I try to design training and man-agement around my cooks’ abilities, level of motivation and knowledge.

Where do you see yourself in 10 years?

I see myself owning and operating a few of my own restaurants — hope-fully starting here in my hometown. Wherever I start, I’d like to stay. I don’t believe in spreading too thin.

Rich Melman has most of his con-cepts in Chicago. He keeps the busi-ness close to home, and that makes it sincere.

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

Motorcycle builder.

Whom do you admire and why?My first and foremost role model

is my mother. She always puts family first and is extremely responsible and organized. I’d be nowhere if it weren’t for her efforts.

In the food kingdom, it has to be Dan-ny Meyer and Daniel Humm, two peo-ple I admire for very different reasons.

What are your biggest pet peeves?

Swooshes of sauce on a plate and foam sauces.

What is something people might not know about you?

I survived a motorcycle crash about two years ago.

I was hit head-on by a car in my lane. He totaled my motorcycle and got away with a hit-and-run. I was lucky to have just a lot of crazy bruising and a fractured wrist that required surgery.

In retrospect, that crash could have ended my life, or life as I know it. I was moving about 45 mph, and the car was doing at least 20 mph.

It was a miracle I could walk. I was at L2O 24 hours later with my arm in a sling, using crutches to get around, but I still cooked on the line and carried my own weight.

Q&A WITH JOSHUA SMITH

‘You have to always have the drive to be better’

Executive Chef Josh Smith prepares a Mediterranean seabass in the Bardot Brasserie kitchen. (STEVE MARCUS/STAFF)

Joshua Smith is executive chef at Bardot Brasserie at Aria. A Las Vegas native, Smith has more than a decade of experience in the restaurant business, including a stint at L20 in Chicago, which had two Michelin stars before it closed five months ago. Smith is responsible for developing the culinary program at Bardot Brasserie, which is Michael Mina’s first foray into traditional French cuisine on the Strip.

5_VI_Q&A_20150614.indd 5 6/12/15 2:50 PM

BY THE NUMBERS

569 Number of Las Vegas

establishments licensed to

sell package liquor, beer

or wine. The Las Vegas

City Council recently put

a hold on new package

liquor licenses as it stud-

ies whether parts of the

city are oversaturated with

alcohol retailers.

85Size, in acres, of Speed Ve-

gas, a proposed racetrack

south of the M Resort that

would allow customers to

drive luxury vehicles . Plans

for the attraction call for

shops, restaurants and a

lounge that serves alcohol.

37.1 PERCENT Drop in Macau’s gaming

revenue from May 2014 to

May 2015 . Analysts attribute

the decline to government-

led crackdowns on corrup-

tion, which they say scared

off high rollers.

$2.7 BILLION Cost of the Parisian Macao

being built by Las Vegas

Sands on Macau’s Cotai

Strip. The casino, which will

include about 3,000 rooms

and a replica of the Eiffel

Tower, is scheduled to open

next year .

$4.1 BILLION C ost of Wynn Palace, a

Wynn Resorts casino, set to

open next year on Macau’s

Cotai Strip.

2.9 POUNDS

Weight of a drone that a

real estate broker plans

to use to take photos for

home listings.

48Nevada’s ranking for overall

economic health, according

to the nonprofi t Corpora-

tion for Enterprise Devel-

opment. The group said

Nevada residents “lack the

most basic tools to save

and build a secure econom-

ic future.”

Describe your business. We are a local farm that sells

products within 24 hours of cut-ting them, and we deliver our microgreens to Las Vegas each week.

We welcome and encourage chefs to visit so they can see our products and how we take care of them .

What do you grow? We specialize in microgreens but also grow fruits and

vegetables. Our special house blend of microgreens is called Mystical Mix , which enhances the taste buds . It’s one of our most popular products . All of the chef s whom we sell to ask for it.

We also work with chef s to create special blend s that only their restaurant s will serve.

How have you acclimated your garden to the desert ?

We have a high-quality cooling system in our greenhouse to keep our micr ogreens fresh and he althy. Dur-ing winter months, we use a heating system to help them grow consistent with the temperature and climate they are used to .

What makes your business unique?We truly are a mom-and-pop business. Everything we

do is hands-on, including growing, watering, cutting, labeling, packing and delivering. We like to deliver our products freshly cut, because we sell to high-end restau-rants that enjoy how the microgreens enhance the pre-sentation of their dishes .

What’s the most important part of your job?

There is no one job more im-portant than the other. Each job component has to work hand-in-hand for the business to work successfully. Doug worked in the greenhouse for a year before we started selling to restaurants.

What is the hardest part about doing business in Las Vegas?

Trying to get my foot in the door, meeting chefs and getting them to try our samples. It has been challenging encouraging restaurants to purchase products grown locally instead of reaching out to other states. Buying products that are locally-grown not only shows in the freshness and quality but shows the chefs are support-ing local businesses. What obstacles has your business overcome?

Learning how to grow microgreens with extreme temperature changes that vary from 20 degrees to 120 degrees year -round. Also, always trying to keep ahead of the curve to ensure we have enough product but then struggling with a chef canceling part of their order or all of their order due to a slow week at the restaurant. What have you learned from the recession?

Never give up. Part of having a business is watching it successfully grow while you face hard times. Our busi-ness has become successful through the small steps we have made. Slow and steady has been our philosophy, and that is why we grow a quality product and why our customers keep coming back.

Desert climate doesn’t stop local farm from growing, selling quality greens

Doug and Leslie

Ives own High

Desert Farms,

which specializes in

growing and selling

microgreens, fruit

and vegetables for

local chefs and

restaurants.

(COURTESY)

HIGH DESERT FARMSAddress: 1681 Pearl Lane, Pahrump

Phone: 971-570-6462Email: [email protected]

Website: facebook.com/HighDesertFarmsHours and days of operation: 8 a.m.-3 p.m.

Monday-Wednesday and Friday-SundayOwned/operated by: Doug and Leslie Ives

In business since: 2010

VEGAS INC

6JUNE 14- JUNE 20

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

6-7_VI_MeetColumn_20150614.indd 6 6/12/15 2:49 PM

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 Eli Segall’s veg-

asinc.com story

“Broker gets FAA

approval to use

drone to take real

estate photos”:

It means the end of

privacy. Any time,

any place ... boom,

you can be caught in

a picture.

— todieforlv77

On Conor Shine’s

lasvegassun.com

story “Las Vegas

puts moratorium on

new package liquor

stores”:

Amazing how these

“concerned officials”

always play right into

the hands of the peo-

ple who are currently

benefiting from the

very same licensing,

be it casinos or liquor

stores or pawnshops.

— tvegas

On Ian Whitaker’s

lasvegassun.com

story “Las Vegas

strip club invites

recent grads to

apply”:

What vultures, and

what a nice message

for younger girls

to read as they are

passing by on I-15.

Just try to imagine

if you had daughters

old enough to read or

close to graduating.

— ChristopherVeat-

ersenior

If they are 18, it is

LEGAL, protected by

the constitution, and

a smart choice. Why

make minimum wage

when you can make

a thousand dollars a

night? There is noth-

ing wrong with legal

adult entertainment

and nothing wrong

with making money

in that field.

— ryanisawesome

Federal Reserve is walking a tightrope

T he U.S. economic recovery began accelerating this past year, its sixth year of recovery.

Recently, the Federal Reserve stated it planned to slowly raise interest rates in the second half of 2015 or sometime in 2016. The Fed walks a tightrope as it considers altering monetary policy.

The Fed currently holds $4.5 trillion in assets, including $2.5 trillion in treasuries and $1.7 trillion in mortgage-backed securities. Before implementing the program of quantitative easing, the Fed held just under $1 trillion in assets.

Also, the banking system now holds $2.6 trillion in excess reserves, a 1,300 percent increase from the $2 billion it held before the Great Recession. This huge overhang in excess reserves constitutes the fuel that could ignite excessive inflation.

The Fed’s decision to pay interest on bank reserves in October 2008 of 0.25 percent, the fall in the federal funds rate to less than 0.25 percent and the Great Recession largely precipitate the accumulation of these enormous reserves and liquidity in the banking system.

How does the Fed plan to unwind its balance sheet and absorb the overhang of excess reserves?

Under ordinary conditions, the Fed withdraws excess liquidity by selling government securities in the open market, leading to lower asset prices and higher interest

rates. Rather than withdrawing this excess liquidity, however, the Fed now plans to keep the excess liquidity in the short run and the size of its current balance sheet by increasing the interest rate on bank

reserves and locking up the excess reserves. Then, in the long run, it will withdraw the excess liquidity at a more measured, less frenetic pace.

Although this strategy apparently differs from the conventional approach, the same dangers exist. Raising the interest rate on bank reserves too little can release more reserves than desired, financing too much money and credit creation, overheating the economy and igniting inflation. Raising the interest rate on bank reserves too much keeps more reserves locked up than desired, financing too little money and credit creation and possibly leading back into recession.

Using the interest rate on bank reserves to lock up excess liquidity in the short run and withdrawing the excess liquidity in a sustained and systematic manner in the long run provides the best policy choice.

The Fed, however, embarks on an untested policy path. Let’s hope economic shocks — most likely European and/or Chinese events — don’t topple the agency off its high-wire act.

Stephen M. Miller is a professor of economics at the Lee Business School at UNLV and chairman of board of directors of the Economic Club of Las Vegas.

GUEST COLUMN: STEPHEN M. MILLER

VEGAS INC

7JUNE 14- JUNE 20

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

6-7_VI_MeetColumn_20150614.indd 7 6/12/15 2:49 PM

How skill-based slots, social media and more will shape casinos of the futureBY J.D. MORRISSTAFF WRITER

A new future for slot machine-style gambling is taking shape in Nevada, one that should make casino floors feel more like arcades as casinos at-tempt to attract younger and more technologically savvy players.

Senate Bill 9, which unanimously passed both chambers of the Legisla-ture before Gov. Brian Sandoval signed it last month, allows for an element of skill in the traditionally chance-heavy realm of slot technology. It presents an opportunity for the casino industry to make slots more closely resemble the video games that millennials have grown up playing.

But the bill is light on specifics, so regulators and game makers need to figure out exactly how the skill-based evolution will work.

“The whiteboard of creativity is blank at the moment,” said Marcus Prater, executive director of the Asso-ciation of Gaming Equipment Manu-facturers, the law’s main advocate. “Once the rules and regulations are written, then the game designers will take over, and that’s who will really make this happen.”

The bill directs regulators to adopt rules that promote “innovative, alter-native and advanced technology” in casino equipment. That can include requirements for games of skill, which the bill defines as outcomes driven by a player’s ability rather than by chance.

The bill also mentions “hybrid” games, in which a combination of chance and a player’s skill determines the outcome.

The bill lets casinos create an expe-

rience that better reflects the variety of games people can play outside ca-sinos.

The key to accomplishing that, he said, is through variable payback per-centages. Under that concept, skilled players could boost a game’s 88 per-cent payback to 98 percent if they excel at a bonus round or in a com-petition against friends, according to Prater’s group.

Don’t expect the advent of skill-based slots to erase the house ad-vantage. Accordingly, Tony Lucas, a professor at UNLV’s hotel college, cautioned against drawing too strong of a comparison between the new technology and actual video games.

“You can get better at a video game than I’m sure they will allow you to get at a skill-based slot machine,” Lucas said.

Nonetheless, the industry is poised

for substantial changes because of the possibilities afforded by the bill.

The equipment association tried to demonstrate that in a rendering it commissioned that shows how a ca-sino of the future might appear. La-bels on the image point out a “skill zone midway,” slots with a “team play option,” “spin & win group play” and even “holographic slots.”

Eric Meyerhofer, the CEO of Gam-blit Gaming, said he’s already heard talk of special areas on casino floors where this kind of alternative gaming technology will be featured.

“It’s as much about the modern-day, fun arcade experience as it is just a pure gambling experience,” he said.

Meyerhofer’s company makes prod-ucts that play like video games with a wagering element added. Gamblit wants its games inside Nevada casinos, and though Meyerhofer sees a way to

do that under current regulations, he’s also excited about what variable pay-back percentages make possible.

“An example would be: You’re play-ing a game like ours and you’re doing well. As you’re moving up the levels into more complicated challenges, the pay tables get better and you can see better jackpots, or more frequent wins or just an overall better return-to-player number,” Meyerhofer said.

But as the equipment association’s rendering makes clear, variable pay-back isn’t the only idea the industry is kicking around. The bill also mentions integrating social networking tech-nology.

“A lot of these guys want to be able to use their cellphone right at the slot machine to upload their photos to In-stagram, or whatever it’s going to be,” casino consultant Eliot Jacobson Ja-cobson said. “That’s already happen-ing, so why not make it seamless?”

Before any of the bill’s ideas can be put in place, the regulatory framework needs to be established. The Gaming Control Board will develop a regula-tion draft, then receive input via pub-lic workshop before sending it to the Nevada Gaming Commission for ap-proval.

Board chairman A.G. Burnett said he would like to see the regulation ap-proved in three months.

“That would be a very, very time-compressed, hardworking sort of mandate, but I think that when in-dustry and regulators come together on this one — which we will — we can move pretty fast,” Burnett said.

Burnett said he could envision new technology allowed by the bill hitting casino floors by the end of the year.

An artist’s rendering depicts what a casino could look like with the addition of

games allowed under Senate Bill 9. (COURTESY OF THE ASSOCIATION OF GAMING

EQUIPMENT MANUFACTURERS)

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

BY ELI SEGALLSTAFF WRITER

Las Vegas homebuyers are mak-ing smaller down payments for new purchases, says a new report, a pos-sible sign of easier mortgage lend-ing in what had been ground zero for America’s real estate bust.

Southern Nevadans made an aver-age down payment of 13.3 percent of the home’s purchase price in the first

quarter this year. That’s down from 14.9 percent a year earlier, according to RealtyTrac.

In dollars, the average down pay-ment last quarter was $36,326, down from $43,712.

Nationally, homebuyers made an average down payment of 14.8 per-cent in the three months ending March 31, down from 15.5 percent a year earlier, RealtyTrac reported.

Government-controlled mort-gage-finance giants Fannie Mae and Freddie Mac recently introduced low down payment programs, and lower insurance premiums for gov-ernment-insured Federal Housing Administration loans took effect at the end of January, according to RealtyTrac vice president Daren Blomquist.

All that helps first-time buyers,

who “typically aren’t able to pony up large down payments” and “are final-ly starting to come out of the wood-work,” albeit gradually, Blomquist said in the report.

In theory, stronger credit scores could result in smaller down pay-ments. But that seems unlikely in Southern Nevada, as the state’s resi-dents have some of the worst person-al finances in the country.

Homebuyers in Las Vegas are making smaller down payments, report says

8JUNE 14- JUNE 20

VEGAS INC

8_VI_IBLV_20150614.indd 8 6/12/15 2:48 PM


9JUNE 14- JUNE 20

VEGAS INC

BY CONOR SHINESTAFF WRITER

Long the domain of cars and taxis, getting around the Las Vegas Strip could be a very different experience in 20 years — one that includes an under-ground light rail system, according to a draft transportation plan released by a coalition of business and government groups.

The report gives a first glimpse of some of the proposed ideas to relieve congestion and modernize Las Vegas’ transportation system. The recommen-dations range from massive long-term projects — like the proposed light rail running beneath the Strip — to smaller, more easily achievable suggestions like adding more pedestrian bridges over Las Vegas Boulevard and increasing staging areas for taxis at the airport and casinos.

Known formally as the Transporta-tion Investment Business Plan, the draft report is missing a key component: how to pay for the billions of dollars worth of proposed improvements.

That’s something the group of stake-holders working on the plan, which includes the Regional Transportation Commission, casinos, taxi and limou-sine companies, the Las Vegas Conven-tion and Visitors Authority, and local governments, still is figuring out. The group plans to present possible funding mechanisms to the public this year.

The planning process was launched more than a year ago with the goal of find-ing ways to build and pay for projects that will boost mobility along the Strip and the surrounding urban core, including Mc-Carran International Airport, downtown, UNLV and the medical district.

The process is being guided by North Carolina-based Michael Gallis & Asso-ciates under a $2.3 million contract.

The recommendations in the draft plan are organized into near-, medium- and long-term improvements based on how long they’ll take to fund and com-plete. Here’s a look at specific sugges-tions for each category:

n Short-term improvements. These are policy, technology and smaller-scale construction projects that could be completed in one to five years.

The suggestions focus on such areas as building more bridges over Las Vegas Boulevard and widening sidewalks.

For vehicular traffic, the plan recom-mends improving connections between streets surrounding the Strip, recon-figuring roadways and widening Koval Lane.

The biggest recommended change is extending the Monorail to the Manda-

Report: Light rail under Strip, monorail extension are envisionedlay Bay Convention Center and adding a stop at the Sands Expo Convention Center.

Smaller items include adding real-time transit information to bus stops and creating a real-time parking mo-bile app.

n Medium-term improvements.

Improvements possible in the next five

to 10 years begin to dream a bit bigger, with talk of high-speed rail to Southern California and a multimodal transpor-tation hub at McCarran Airport.

This section also calls for a bus rapid transit or streetcar line down Mary-land Parkway connecting the airport, UNLV and downtown Las Vegas.

n Long-term improvements. The

headliner is a light rail service that would run underneath Las Vegas Bou-levard between Hacienda and Sahara avenues, while also linking to down-town Las Vegas and the airport.

The other major change recom-mended in this section is to extend and connect East and West Russell Road underneath the airport.

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10JUNE 14- JUNE 20

VEGAS INC

Casino execs: Expect the unexpected in MacauBY J.D. MORRISSTAFF WRITER

Macau once was a reliable cash cow for Las Vegas casino companies. But for almost a year, the Chinese gambling hub has been a letdown.

A government-led crackdown on corruption in China has curtailed the flow of high rollers respon-sible for much of Macau’s financial success, analysts say, and gaming revenues there have declined for 11 consecutive months as a result. No one knows if or when the situation will improve.

The downturn is particularly harmful to Las Ve-gas Sands, Wynn Resorts and MGM Resorts Inter-national, which run big resorts in Macau. Still, all three are pressing full steam ahead with the con-struction of new resorts there.

Each company is affected differently, and the cir-cumstances generally are out of their control. But as the casino operators look to expand, the question remains: Will Macau return to its former financial glory?

THE SITUATIONMacau’s yearly gaming revenue is more than six

times that of the Las Vegas Strip, and a much greater portion of it comes from baccarat.

Last year, for example, revenue from VIP baccarat alone accounted for more than 60 percent of gaming revenue in Macau, according to the UNLV Center for Gaming Research. Other baccarat play was re-sponsible for more than 30 percent of the revenue.

In Las Vegas, baccarat constituted only about 23 percent of the Strip’s revenue in 2014.

That means Macau is particularly vulnerable to changes in VIP play, which has been hit hard by the anti-corruption drive initiated by China’s President Xi Jinping.

“Big players choose to lay low, and as the drive has continued and widened its scope, fear has spread, inducing more players to stay away, visit less often or go to other destinations where they believe they can better avoid scrutiny from mainland authori-ties,” a recent Forbes article said.

Nonetheless, analysts from Union Gaming Group, which closely monitors Macau gaming, wrote in a recent report that “while much of the story feels very much like doom and gloom,” analysts remain positive about the city’s outlook. Union Gaming said it believed some of the VIP play would bounce back.

“Namely, we believe that there exists a large pool of VIP customers who are patiently sitting on the sidelines waiting for the all-clear message to be sounded,” analysts wrote. “Although we do not be-lieve the anti-corruption drive will cease, we do be-lieve that at some point, it will begin to wane, and those who feel the least at risk will return to Macau.”

LAS VEGAS SANDSDespite its name, Sheldon Adelson’s Las Vegas

Sands Corp. gets most of its revenue from China, where it controls four properties: Venetian Macao, Sands Macao, Plaza Macao and Sands Cotai Central. Last year, nearly two-thirds of Las Vegas Sands’ net revenue came from Macau.

n Financial performance. During the first quar-

ter of this year, Sands’ revenue dropped 24.9 percent from the previous year to $3 billion, while earnings declined 34 percent to $511.9 million. Revenue from the company’s Chinese subsidiary dropped 34.9 percent from 2014 to $1.8 billion.

n Plans. Sands’ big project is the $2.7 billion Pa-risian Macao, set to open next year on Macau’s Cotai Strip. It is expected to include about 3,000 rooms and suites, as well as a replica of the Eiffel Tower.

WYNN RESORTSMacau is vital to the business of Wynn Resorts.

The company runs Wynn and Encore in Las Vegas, as well as Wynn Macau, which also has an Encore tower. But the revenue share is not divided equally. Macau far outpaces Las Vegas.

n Financial performance. During the first quar-ter of this year, Wynn Resorts’ revenue dropped 27.8 percent from 2014 to $1.1 billion, and the com-pany reported a $44.6 million loss. Net revenue from Macau operations dropped to $705.4 million from $1.13 billion during the first quarter of 2014.

n Plans. Wynn Resorts is pressing ahead with its $4.1 billion Wynn Palace project, set to open next year on the Cotai Strip. Its amenities include a 1,700-room hotel and a “performance lake.” Steve Wynn has raised expectations for the new resort, telling analysts it will be the most stunning hotel on the planet. It is being built at the same time Wynn Resorts moves forward with plans to build a hotel-casino near Boston.

MGM RESORTSCompared with the other two companies, MGM

Resorts International is much less vulnerable to fluctuations in Macau. MGM Macau brings in a lot of revenue for the company, but the company’s domes-

tic resorts still accounted for about twice as much revenue last year. So Macau is a problem for MGM, just not to the level it is for other operators.

n Financial performance. During the first quar-ter of this year, MGM Resorts’ net revenue dropped 11.3 percent from 2014 to $2.3 billion, while earnings rose 65 percent to $169.9 million. In the company’s Chinese division, revenue for the quarter declined 33 percent from last year to $630.1 million.

n Plans. MGM Resorts is working on a $2.9 bil-lion MGM Cotai project, which, like the competing projects, is expected to open next year. It is expect-ed to include about 1,500 hotel rooms and a flashy “transformable” theater that will provide “a wide range of entertainment that will literally change be-fore your eyes,” MGM China officials said.

EFFECT ON LAS VEGASBaccarat may be less important to Las Vegas than

to Macau, but it’s still a significant factor in gaming revenue for the Strip and Nevada overall.

It’s not that the game is wildly popular with most tourists; rather, it’s a relatively small group of high rollers at a handful of properties who play with a lot of money.

“Let’s put it this way: It’s not played at every ca-sino, and it’s not played by the masses,” said Michael Lawton, a senior research analyst for the state Gam-ing Control Board. “You’re looking at a very narrow view when you’re looking at the baccarat business.”

Given baccarat’s popularity in China, then, is Las Vegas experiencing any spillover effect because of the slowdown abroad?

Perhaps, but Lawton said the jury still is out. Ne-vada experienced six consecutive monthly declines in baccarat betting volume before it went up in March.

Dealers await hotel guests at baccarat tables on the opening day of Sheraton Macao Hotel at the Sands

Cotai Central in Macau. (ASSOCIATED PRESS FILE)

9-10_VI_IBLV_20150614.indd 10 6/12/15 2:43 PM

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VENTURE ACCELERATOR, FROM PAGE 1

Fennemore Craig adopts Silicon Valley modelemerging as the front-runner.

“There is a growing technology community in Las Vegas and a lot of people who would like to see South-ern Nevada become a technology hub,” Knight said. His company Ter-bine is a broker through which com-panies can buy and sell data collected from sensors. “We wanted to be one of the anchor companies in this vi-brant market.”

There was one possible deal-break-er.

“We realized there’s not as much infrastructure and support systems in place here for tech startups, so we wondered if we would be able to find the services we needed,” Knight said.

A colleague suggested Knight get in touch with law firm Fennemore Craig, which in late 2013 launched a venture accelerator program and emerging businesses and technolo-gies department, designed to help entrepreneurs avoid common rookie mistakes and steer clear of pitfalls throughout the startup process.

Run by attorneys who specialize in startups, the venture accelerator pro-gram offers legal advice and tailors its approach to need. Topics for which help is offered include raising capital; protecting branding, technology and other intellectual property; labor law considerations; engaging in the mar-ket; securing office space; and litiga-tion.

But there’s much more to the pro-gram than a little lawyerly hand-holding. In breaking with the tradi-tional legal mold, Fennemore Craig adopted an approach that’s com-mon in the Silicon Valley but new to Southern Nevada.

“One of the biggest issues facing startups is lack of capital, so in this program, we can defer a small amount of legal fees and also put up a small equity investment in the company through a separate fund,” said Mark Hawkins, a director with Fennemore Craig, which employs almost 200 at-torneys and more than 400 employ-ees in offices in Las Vegas, Reno, Den-ver, Phoenix, Tucson, and Nogales, Ariz. “Silicon Valley firms often offer such programs, but we’re the only one in Nevada that I know of.”

Fennemore Craig has helped cli-ents with such basic legal tasks as get-ting business licenses, issuing corpo-rate charters and establishing bylaws and articles of incorporation, as well

as more complex matters specific to tech companies or businesses taking on venture capital. Those issues in-clude stock-purchase and stockhold-er agreements and employee stock-option plans.

“We selected Fennemore Craig over some very prestigious Silicon Valley firms and realized they are the only firm in the region that was speaking our language,” Knight said. “It’s com-plicated from a legal standpoint, so having a group of people who really understand the law in Nevada, as well as the world of federal legislation, is very important moving forward.”

Fennemore Craig recruited Roy Farrow, formerly with Palo Alto, Ca-lif., mega-firm Wilson Sonsini Go-odrich & Rosati, to help develop the program. Wilson Sonsini Goodrich & Rosati, a leading provider of legal

services to tech-nology compa-nies worldwide, offers a similar initiative and has worked with a slew of big-name startups.

“Roy is a really sage technology industry attorney who comes from a prestigious Silicon Valley firm, and he brought that DNA with him when he came to Nevada,” Knight said.

Serial entrepreneur Thomas Typ-inski also applied and was accepted to the venture accelerator program. Typinski, an Army veteran and com-petitive bodybuilder who launched three tech companies in the Bay Area, recently launched Peak Physique, a mobile iPhone application and fitness

progress tracker. “I did my first two companies

through LegalZoom, but the third one was much bigger, so I used a com-pany in California that was familiar with deferred payments,” Typinski said. “When I sold my shares in that company and started Peak Physique, I wanted to have the same type of structure here in Las Vegas, and I went with a local firm who immedi-ately sent me a random bill for thou-sands of dollars.”

Disgruntled, Typinski broke off that relationship and resigned him-self to the fact he was on his own.

A chance meeting with Fennemore Craig associate Mary Bacon changed his tune.

“The program they have catering to the Vegas tech scene is really rare here, but the concept was familiar to me because of my experience with Silicon Valley law firms,” Typinski said. “This is my fourth company, so I kind of know what to look out for, but it’s great to have the team for sup-port.”

So what kind of companies are a good fit for the program?

“We try to identify promising startups that have a significant op-portunity for success,” said Farrow, who oversees the program for all six Fennemore Craig offices. “There’s an old adage that ideas are a dime a doz-en, and there are a lot of great ideas out there. But having a really good idea is only a small step in building an enterprise. You also need a skilled and experienced legal team, a com-plementary management team and a viable business model to take that idea to a successful conclusion. His-torically, most new companies fail.”

In fact, according to a recent Har-vard Business School study, more than 75 percent of startups go belly-up. Cash-flow problems are among the leading causes.

Fennemore Craig has a fee-deferral component to the venture accelera-tor program to help ease that initial financial squeeze.

Despite participating in startup seminars and workshops to raise awareness about the program locally, only four companies have qualified because the vetting process is so rig-orous.

“This is an ongoing program that we will continue to develop,” Hawkins said.

Attorneys Mary Bacon and Mark Hawkins work with the Fennemore Craig venture

accelerator program. (STEVE MARCUS/STAFF)

FARROW


VEGAS INC

15JUNE 14- JUNE 20

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Calendar of eventsMONDAY, JUNE 15

PLuS Center Course: Casino Auditing I

Time: 8:30 a.m.-5 p.m. (same time June 16)

Cost: $895; $945 for late registration

Location: UNLV Stan Fulton Building, 4505 S.

Maryland Parkway, Las Vegas

Information: Visit cvent.com/d/1rq2f0

Auditing personnel and gaming industry regula-

tors can participate in discussions about internal

control and fraud, and other gaming topics,

online or in person.

TUESDAY, JUNE 16

Franchising: Debunking the Myths,

or “It’s not all burgers and fries”

Time: 8:30-9:45 a.m. Cost: Free

Location: Microsoft Store, 3200 Las Vegas Blvd.

South, Suite 1045, Las Vegas

Information: Visit facebook.com/SCORELV

Sarah Brown, a FranNet consultant and SCORE

partner, will lead a workshop for people who

work with small businesses and want to better

understand the franchise model, explore small-

business ownership or be a franchise investor.

Women’s Club of Summerlin

“Dare to Dream” awards dinner

Time: 6:30 p.m. Cost: $32

Location: TPC Summerlin, 1700 Village Center

Circle, Las Vegas

Information: Visit web.lvchamber.com/events

Winners of the Women’s Club of Summerlin

“Dare to Dream” grant will be announced. The

award is given to women working to improve

themselves and the community’s educational

opportunities and business development.

Southern Nevada Nonprofit Information

Center workshop

Time: 2 p.m. Cost: Free

Location: Clark County Library, 1401 E. Flamingo

Road, Las Vegas

Information: Call 702-507-3459

What’s the next step after becoming a nonprofit

organization in Nevada? Co-sponsored by the

Foundation Center, this workshop will teach

nonprofit professionals how to obtain tax-ex-

empt status from the IRS.

WEDNESDAY, JUNE 17

The College of Medicine at Roseman

University of Health Sciences public meeting

Time: 11:30 a.m.-12:30 p.m.

Cost: Free

Location: College of Medi-

cine at Roseman University

of Health Sciences Summerlin

campus, 10530 Discovery

Drive, Las Vegas

Information: Email medi-

[email protected]

Dr. Mark Penn, dean of the college, will speak

about the institution’s impact on Southern

Nevada and how the acquisition of the former

Nevada Cancer Institute building will further its

cause.

PLuS Center Course: Casino Auditing II

Time: 8:30 a.m.-3 p.m. through June 19

Cost: $1,245, $1,295 for late registration



Information: Visit cvent.com/d/crqw1m/4W

Auditing personnel and gaming industry regula-

tors who participated in “PLuS Center Course:

Casino Auditing I” can join in discussions about

auditing credit, comps and slot clubs, and other

auditing topics.

Gaming employee registration training

Time: 8:30 a.m.-noon Cost: $75



Information: Call Nakia Jackson-Hale at 702-

895-2008 or email [email protected]

Learn about the Nevada Gaming Control Board’s

online gaming employee registration system and

how to access the board’s records.

Rebel business network luncheon

Time: 11:30 a.m.-1 p.m. Cost: $25 for members,

$35 for nonmembers

Location: UNLV Richard Tam Alumni Center,

4505 S. Maryland Parkway, Las Vegas

Information: Visit connect2.unlv.edu/network

Find out what changes are heading our way in

the wake of the state legislative session.

THURSDAY, JUNE 18

“Meeting Tomorrow’s Challenges Today: A

Reliable Water Supply for Southern Nevada”

Time: Registration begins 11:30 a.m. Cost: $35

for NAIOP members, $50 for nonmembers

Location: Orleans, 4500 W. Tropicana Road, Las

Vegas

Information: Visit naiopnv.org

Southern Nevada water expert John Entsminger

will speak about water issues facing the valley

and the commercial real estate development

industry.

2015 Bank Secrecy Act Conference

Time: All day Cost: $290, $230 for State Bar of

Nevada Gaming Law Section members

Location: Paris, 3655 Las Vegas Blvd. South, Las

Vegas

Information: Visit regonline.com/Register/

Checkin.aspx?EventID=1654257

Speakers from several industries will discuss

best practices in the gaming profession and how

to meet customer expectations.

FRIDAY, JUNE 19

“Direct Marketing for

Farm and Food Products”

Time: 8:30 a.m.-5 p.m. Cost: $30 (includes lunch)

Location: University of Nevada Cooperative

Extension’s Lifelong Learning Center, 8050

Paradise Road

Information: Call 702-397-2604

This workshop is designed for growers and small

food producers looking to expand or diversify

their direct marketing. Topics will cover farm

shop development and value-added product

sales via tourism outlets.

MONDAY, JUNE 22

Vegas Young Professionals

Toastmasters meeting

Time: 6 p.m. Cost: Free

Location: Las Vegas Metro Chamber of Com-

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

Vegas

Information: Call Shavonnah Tiera at 702-743-

9358 or email [email protected]

Network with local young professionals and

trade tips on how to improve speaking, presen-

tation and leadership skills.

THURSDAY, JUNE 25

CBER’s 2015 Midyear Economic Update

Time: 8-10:30 a.m. Cost: $80 per person, $75

for two or more people before June 17, $100 per

person after June 17

Location: Venetian, 3325 Las Vegas Blvd. South,

Las Vegas

Information: Visit cber.unlv.edu/outlook.html

Members of UNLV’s Center for Business and

Economic Research will present the center’s

economic outlook for Southern Nevada and

the nation. Robert Lang, director of Brookings

Mountain West, will discuss opportunities and

obstacles for Southern Nevada’s long-term

growth.

Nevada Restaurant Association

and Nevada Hotel and Lodging Association

2015 bowling tournament

Time: 12-4 p.m. Cost: $39

Location: Orleans Bowling Center, 4500 W.

Tropicana Ave., Las Vegas

Information: Visit nvrestaurants.com

Join local professionals and friends in a bowling

tournament with cash prizes. Proceeds will fund

hospitality scholarships.

John Entsminger will speak about water issues at the Orleans. (STEVE MARCUS/STAFF FILE)

PENN


VEGAS INC

17JUNE 14- JUNE 20

17_VI_calendar20150614.indd 17 6/12/15 2:42 PM

VEGAS INC

18JUNE 14- JUNE 20

Records and TransactionsBANKRUPTCIES

CHAPTER 7Hallier Aviation LLC 2510 E. Sunset Road, Suite 5-400Las Vegas, NV 89120Attorney: Victoria L. Nelson at [email protected]

Panorama Towers II Mezz LLC 2510 E. Sunset Road, Suite 5-400Las Vegas, NV 89120Attorney: Jacob L. Houmand at [email protected]

Hallier Group Holdings Inc. 2510 E. Sunset Road, Suite 5-400Las Vegas, NV 89120Attorney: Victoria L. Nelson at [email protected]

Hallier Panorama Holdings LLC 2510 E. Sunset Road, Suite 5-400Las Vegas, NV 89120Attorney: Victoria L. Nelson at [email protected]

Panorama Towers II LLC 2510 E. Sunset Road, Suite 5-400Las Vegas, NV 89120Attorney: Jacob L. Houmand at [email protected]

Hallier Properties LLC 2510 E. Sunset Road, Suite 5-400Las Vegas, NV 89120Attorney: Victoria L. Nelson at [email protected]

Panorama Towers III LLC 2510 E. Sunset Road, Suite 5-400Las Vegas, NV 89120Attorney: Jacob L. Houmand at [email protected]

CHAPTER 11Power & Environment International Inc. P.O. Box 2890Minden, NV 89423Attorney: Kevin A. Darby at [email protected]

BROKERED

TRANSACTIONS

SALES$12,000,000 for 138 units, residential 7400 Pirates Cove Road, Las Vegas 89145Seller: 7400 Pirates Cove LPSeller agent: Patrick Sauter and Art Carll of NAI Vegas’ Sauter Multifamily Group Buyer: RAAMCO LV LLCBuyer agent: Patrick Sauter and Art Carll of NAI Vegas’ Sauter Multifamily Group

$6,500,000 for 144 units, residential 711 E. Nelson Ave., Las Vegas 89030Seller: Did not disclose

Seller agent: Patrick Sauter, Art Carll and Devin Lee of NAI Vegas Sauter Multifamily GroupBuyer: Did not discloseBuyer agent: Patrick Sauter, Art Carll and Devin Lee of NAI Vegas Sauter Multifamily Group

$4,000,000 for 153.32 acres, golf course 901 Olivia Parkway, Henderson 89011Seller: Century Tuscany GC LLCSeller agent: Keith Cubba of Col-liers InternationalBuyer: Chimera Golf Club LLCBuyer agent: Did not disclose

$3,177,735 for 45,000 square feet, hotel 1000 N. Main St., Las Vegas 89101Seller: Spinsig Enterprises LLCSeller agent: Al Twainy of Colliers InternationalBuyer: CMA IndustriesBuyer agent: Did not disclose

$2,200,000 for 28,000 square feet, industrial 6335 Sunset Corporate Drive, Las Vegas 89120Seller: Southwest LinenSeller agent: Dean Willmore, Dan Doherty, Susan Borst, Chris Lane and Jerry Doty of Colliers InternationalBuyer: MCA RealtyBuyer agent: Did not disclose

$1,630,000 for 7.5 acres, land APN: 176-19-801-014 near South Fort Apache Road and West Gomer RoadLas Vegas Seller: BLMSeller agent: Did not discloseBuyer: Mosaic Four LLCBuyer agent: Vince Schettler of Colliers International

$1,185,000 for 5 acres, land APN: 176-19-801-018 near South Fort Apache Road and West Gomer Road, Las Vegas Seller: BLMSeller agent: Did not discloseBuyer: Mosaic Land Fund Two LLCBuyer agent: Vince Schettler of Colliers International

$775,000 for 5 acres, land APN: 176-19-701-019 near South Fort Apache Road and West Gomer RoadLas Vegas Seller: BLMSeller agent: Did not discloseBuyer: Mosaic Land Fund Two LLCBuyer agent: Vince Schettler of Colliers International

$490,000 for 4,023 square feet, office 1661 Horizon Ridge Parkway, Suites 211 and 291, Las Vegas 89012Seller: Sunstone Horizon LLCSeller agent: Bridget Richards and Jason Lesley of Colliers Interna-

tionalBuyer: Weiss Family TrustBuyer agent: Andrew Kilduff and Sam Newman of Colliers Interna-tional

$280,000 for 2,554 square feet, office 3674 E. Sunset Road, Las Vegas 89120Seller: Sunset Pecos II LLCSeller agent: Bridget Richards and Jason Lesley of Colliers Interna-tionalBuyer: Sedum LLCBuyer agent: Did not disclose

$561,475 for 3,444 square feet, retail for 72 months, NNN Investment1124 W. Sunset Road, Henderson 89014Seller: Sun Life Assurance Com-pany of CanadaSeller agent: Nelson Tressler and Mike Zobrist of Newmark Grubb Knight FrankBuyer: Select Comfort Retail CorporationBuyer agent: Did not disclose

$381,031 for 6,289 square feet, office for 50 months9041 S. Pecos Road, Suites 3900 and 4100, Henderson 89074Seller: 9005-9089 S. Pecos Road LLCSeller agent: Nicholas Barber and Jeremy Foley of Cushman & Wake-field CommerceBuyer: Udeed LLCBuyer agent: Did not disclose

$322,770 for 15,261 square feet, office for nine months7450 Arroyo Crossing Parkway, Building 1, Las Vegas 89113Seller: EJM Corporate Center 1 & 2 Properties LLCSeller agent: Brad Peterson of CBREBuyer: SolarCity CorporationBuyer agent: Dan Palmeri of Cush-man & Wakefield Commerce

$208,367 for 1657 square feet, retail for 65 month1750 N. Buffalo Drive, Suite 103, Las Vegas 89128Seller: New Deal-Seabreeze LLCSeller agent: Robert S. Hatrak II of Virtus CommercialBuyer: Salon Broadway LLCBuyer agent: Robert S. Hatrak II of Virtus Commercial

$189,000 for 100 square feet, retail for 120 months, base rent1995 N. Nellis Blvd., Las Vegas 89115Seller: 1995 Nellis LLCSeller agent: Eric Berggren of Newmark Grubb Knight FrankBuyer: Bank of America, National AssociationBuyer agent: N/A

$89,802 for 1,551 square feet, retail for 36 months10845 E. Eastern Ave., Las Vegas 89147Seller: Eastern Hills Center Phase L2015 LLCSeller agent: Deanna Marcelo of the Equity GroupBuyer: Stacy & John O’Leary dba Penelope WildberryBuyer agent: Lauren Tabeek of Voit Real Estate Services

$84,250 for 1,000 square feet, retail for 60 months, NNN Investment5415 S. Rainbow Blvd., Suite B-1, Las Vegas 89118Seller: Levian Flamrain Las Vegas LLC and Favan Flamrain Las Vegas LLVSeller agent: Nelson Tressler and Mike Zobrist of Newmark Grubb Knight FrankBuyer: Silk Skin Laser Spa LLC dba Silk Skin Laser SpaBuyer agent: Rudy Romano of Urban Nest Realty

$70,128 for 1,206 square feet, retail for 36 months 7595 W. Washington Ave., Suite A120, Las Vegas 89128Seller: PWREO Buffalo & Washing-ton LLC and AG Brookfield LLCSeller agent: Bill Dunbar of Dunbar CommercialBuyer: Alpha Female LLC dba Kaia Fit Las VegasBuyer agent: Jeff Mitchell and Preston Abell of Virtus Commercial

BID OPPORTUNITIES

TUESDAY, JUNE 162 p.m.One-year open-term contract for highway solid chemical de-icerState of Nevada, 8344Marti Marsh at [email protected]

FRIDAY, JUNE 192:15 p.m.Convention Center Drive, Las Ve-gas Boulevard to Paradise RoadClark County, 603674Tom Boldt at [email protected]

BUSINESS LICENSES

Family Property MGMT LLCBusiness type: Real estate salesAddress: 7324 W. Cheyenne Ave., Suite 2, Las Vegas Owner: Eric Roth

Fancy NailsBusiness type: Beauty parlorAddress: 3960 W. Craig Road, North Las Vegas Owner: Cindy Chau

Firerock Steakhouse

Business type: Restaurant Address: 5990 Centennial Center Blvd., Las Vegas Owner: Firerock Steakhouse Cen-tennial LLC

First Choice Green Solutions LLC Business type: Business support serviceAddress: 3161 E. Warm Springs Road, Suite 200, Las Vegas Owner: Eugene Cimorelli

Fitness By M! Business type: Instruction servicesAddress: Did not disclose, Las Vegas Owner: Fitness By M! LLC Frank RuffaBusiness type: Business consultantAddress: 5124 Conway St., North Las Vegas Owner: Frank Ruffa

Friendly Computer Repair LLC Business type: Interactive enter-tainment centerAddress: 2562 S. Valley View Blvd., Las Vegas Owner: Maria Torres Full Steam Ahead LLC Business type: Residential prop-erty maintenanceAddress: 11555 W. Wigwam Ave., Las Vegas Owner: Kent Bosworth Gabriel CamachoBusiness type: Rental propertyAddress: 2501 Crawford St., North Las Vegas Owner: Gabriel Camacho

Genesis Car Wash Business type: Automobile detail-ingAddress: 5494 Jacobs Field St., Las Vegas Owner: Carlos C. Pretell

Golden Gate Chinese RestaurantBusiness type: RestaurantAddress: 1654 W. Warm Springs Road, Henderson Owner: Tsai & Kuan LLC Great Clips Business type: General retail salesAddress: 877 S. Rainbow Blvd., Las Vegas Owner: Vguru LLC

HaggenBusiness type: Package Address: 1940 Village Center Circle and 820 S. Rampart Blvd., Las Vegas Owner: Haggen Opco South LLC Hansen Network Solutions & Services LLCBusiness type: Trucking - service vehicleAddress: 4255 S. Dean Martin Drive, Suite C, Las Vegas Owner: Hansen Network Solutions

Records and Transactions& Services

Hectors Construction LLCBusiness type: Drywall contractAddress: 2624 Westwood Drive, Las Vegas Owner: Hector Torres Revilla

Hipolito Lozoya Business type: Automobile detail-ingAddress: 3630 E. Owens Ave., Suite 1082, Las Vegas Owner: Hipolito Lozoya Home Depot Business type: Building, plant nursery and hardware suppliesAddress: 7881 W. Tropical Park-way, Las Vegas Owner: Home Depot USA Inc. Hunt & Gather Cafe Business type: Alcoholic beverage catererAddress: 7240 W. Azure Drive, Suite 145, Las Vegas Owner: Pura Vida Amigas LLC Icollision LLC Business type: Automotive garageAddress: 6905 W. Charleston Blvd., Suite 170, Las Vegas Owner: Akop Giandjian Iconn ConsultantsBusiness type: ConsultingAddress: 333 Laguna Glen Drive, Henderson Owner: Intimate Connections Consulting LLC Ifloat Therapy LLC Business type: General servicesAddress: 2291 S. Fort Apache Road, Suite 106, Las Vegas Owner: Anushavan Yeranosyan

Integrity Global Security Business type: Professional servicesAddress: Did not disclose, Las Vegas Owner: Dragon Master Security LLC Intelligent Office Business type: Business support serviceAddress: 5550 Painted Mirage Road, Suite 320, Las Vegas Owner: Daly Double Inc. J&M Appliance Repair Business type: Residential prop-erty maintenanceAddress: 6730 Prairie Dusk Drive, Las Vegas Owner: Joseph Bayne James J. Montgomery Business type: HVAC serviceAddress: 893 Coldwater Falls Way, Las Vegas Owner: Montgomery Air Condi-tioning And Heating LLC Jan Rowe

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

18-20_VIData_20150614.indd 18 6/12/15 2:41 PM

VEGAS INC

19JUNE 14- JUNE 20

Records and Transactions& Services

Hectors Construction LLCBusiness type: Drywall contractAddress: 2624 Westwood Drive, Las Vegas Owner: Hector Torres Revilla

Hipolito Lozoya Business type: Automobile detail-ingAddress: 3630 E. Owens Ave., Suite 1082, Las Vegas Owner: Hipolito Lozoya Home Depot Business type: Building, plant nursery and hardware suppliesAddress: 7881 W. Tropical Park-way, Las Vegas Owner: Home Depot USA Inc. Hunt & Gather Cafe Business type: Alcoholic beverage catererAddress: 7240 W. Azure Drive, Suite 145, Las Vegas Owner: Pura Vida Amigas LLC Icollision LLC Business type: Automotive garageAddress: 6905 W. Charleston Blvd., Suite 170, Las Vegas Owner: Akop Giandjian Iconn ConsultantsBusiness type: ConsultingAddress: 333 Laguna Glen Drive, Henderson Owner: Intimate Connections Consulting LLC Ifloat Therapy LLC Business type: General servicesAddress: 2291 S. Fort Apache Road, Suite 106, Las Vegas Owner: Anushavan Yeranosyan

Integrity Global Security Business type: Professional servicesAddress: Did not disclose, Las Vegas Owner: Dragon Master Security LLC Intelligent Office Business type: Business support serviceAddress: 5550 Painted Mirage Road, Suite 320, Las Vegas Owner: Daly Double Inc. J&M Appliance Repair Business type: Residential prop-erty maintenanceAddress: 6730 Prairie Dusk Drive, Las Vegas Owner: Joseph Bayne James J. Montgomery Business type: HVAC serviceAddress: 893 Coldwater Falls Way, Las Vegas Owner: Montgomery Air Condi-tioning And Heating LLC Jan Rowe

Business type: Psychic artsAddress: 4760 S. Pecos Road, Las Vegas Owner: Jan Rowe Jessie Sorani Business type: Real estate salesAddress: 6628 Sky Pointe Drive, Suite 200, Las Vegas Owner: Jessie Sorani LLC Jose BarronBusiness type: Rental propertyAddress: 2120 Statz St., North Las Vegas Owner: Jose Barron and Gloria Ruelas

Joseph Memolo Business type: Real estate salesAddress: 10750 W. Charleston Blvd., Suite 180, Las Vegas Owner: Joseph Memolo Just Smooth You Business type: Cosmetological establishment Address: 3400 W. Desert Inn Road, Suite 2, Las Vegas Owner: Just Smooth You LLC K. Kruz Bounce House & In-flatablesBusiness type: Trucking - service vehicleAddress: 1244 Appaloosa Hills Ave., North Las Vegas Owner: Brittany L. Haney

Kelly Camacho Business type: Real estate salesAddress: 10220 W. Charleston Blvd., Suite 3, Las Vegas Owner: Kelly Camacho

Kelly Humphries Business type: Real estate salesAddress: 1120 N. Town Center Drive, Suite 130, Las Vegas Owner: Kelly Humphries Kent’s Glass & Mirror Inc. Business type: Handbill and oral solicitationAddress: 1717 S. Decatur Blvd., Suite J21, Las Vegas Owner: Kent L. Crawford

Khepri Solar Energy LLCBusiness type: Commercial - solar energyAddress: 2808 Willow Wind Court, Las Vegas Owner: Justin Parr

Khepri Solar Energy LLC Business type: Contractor Address: Did not disclose, Las Vegas Owner: Justin Parr

Kojak ChiuBusiness type: SolicitorAddress: 831 Coronado Center Drive, Suite 2209, Henderson Owner: Kojak Chiu KS Cool LLC

Business type: Food specialty storeAddress: 1201 Searles Ave., Las Vegas Owner: Kevin Stevenson Lalio LLCBusiness type: ClothingAddress: 6308 Sereno Springs St., North Las Vegas Owner: Lalio LLC

Las Vegas Larry’s Business type: General retail salesAddress: 1717 S. Decatur Blvd., Suites G47, H48 and H49, Las Vegas Owner: Michael Seigel

Las Vegas Voice and Piano Business type: Instruction servicesAddress: Did not disclose, Las Vegas Owner: Marta Pistiner Menendez

Latino Air LLCBusiness type: HVAC contractorAddress: 1737 Del Mira St., Las Vegas Owner: Juan C. Vera

Leftbank Art Business type: Art gallery/retailAddress: 495 S. Grand Central Parkway, Suite 254, Las Vegas Owner: Outlook Resources Inc.

Let There Be Light Electrical ServicesBusiness type: Electrical repairsAddress: 6364 W. Sahara Ave., Las Vegas Owner: Brigido Valdez

Lola Jewels Business type: General retail salesAddress: 855 S. Grand Central Parkway, Kiosk 14A, Las Vegas Owner: Ta Accessories LLC

M&J Partners In GrimeBusiness type: Property mainte-nanceAddress: 1809 Allen Ave., Hen-derson Owner: Marcia Sobalvarro and Lujane Sobalvarro

BUILDING PERMITS

$12,940,760, commercial - new4660 Berg St., North Las VegasMartin-Harris Construction LLC

$2,300,000, office - medical2450 W. Charleston Blvd., Las VegasAffordable Concepts Inc.

$1,999,940, commercial - re-model10575 S. Eastern Ave., HendersonPV Eastern Commons LLC

$1,489,591, casino/banquet hall35 W. Owens Ave., Las VegasLF Harris and Company Inc.

$1,000,000, office430 S. Rampart Blvd., Suite 150, Las VegasChristopher Homes Renovations

$731,788, electrical651 McKnight St., Las VegasBombard Electric LLC

$700,000, casino/banquet hall200 Fremont St., Las VegasAustin General Contracting

$482,190, pool and/or spa4204 Topsider St., Las VegasAnthony & Sylvan Pools Corpora-tion

$463,236, commercial - new300 E. Gowan Road, North Las VegasThe Penta Building Group LLC

$400,000, retail555 S. Grand Central Parkway, Suite 3405, Las VegasJames M. Barb Construction Inc.

$350,646, commercial1366 W. Cheyenne Ave., North Las VegasBurke Construction Group Inc.

$317,174, residential1111 Christian Road, HendersonJeffrey Hague and Felicia Hague

$279,222, wall/fence397 Antelope Ridge Drive, Las VegasCedco Inc.

$243,700, commercial - remodel2300 Paseo Verde Parkway, HendersonStation GVR Acquistion LLC

$236,823, single-family residen-tial11946 Girasole Ave., Las VegasToll South LV LLC

$227,663, residential - new6524 Claystone Creek Court, North Las VegasPardee Homes of Nevada

$225,958, residential1101 Dufort Hills Court, HendersonDR Horton Inc.

$225,000 commercial - remodel100 S. Green Valley Parkway, HendersonDistrict Green Valley PH II LLC

$223,125, solar6236 Double Oak St., North Las VegasVision solar Contractor Inc.

$222,289, single-family residen-tial356 Rellegra St., Las VegasToll South LV LLC

$218,195, residential391 Cactus River Court, Henderson

Bors Gleu

$218,097, single-family residen-tial12105 Cabo Rojo Ave., Las VegasWoodside Homes of Nevada LLC

$214,757, residential1084 Via Della Cosstrella, Hen-dersonGreystone Nevada LLC

$213,443, single-family residen-tial350 Rellegra St., Las VegasToll South LV LLC



$195,388, single-family residen-tial9947 Coyote Echo Court, Las VegasWoodside Homes of Nevada LLC

$186,518, single-family residen-tial10735 Hammett Park Ave., Las VegasToll North LV LLC



$179,768, residential1100 Via Alloro, HendersonGreystone Nevada LLC

$179,768, residential1088 Via Della Constrella, Hen-dersonGreystone Nevada LLC

$179,768, residential1089 Via Della Costrella, Hender-sonGreystone Nevada LLC

$176,532, single-family residen-tial267 Castellari Drive, Las VegasWoodside Homes of Nevada LLC

$175,399, residential - new4341 Shady River Ave. , North Las VegasKB Home Nevada Inc.

$175,399, residential - new6204 Stratford Bay St., North Las VegasKB Home Nevada Inc.

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

18-20_VIData_20150614.indd 19 6/12/15 2:41 PM


VEGAS INC

20JUNE 14- JUNE 20

Records and Transactions$175,399, residential - new4329 Shady River Ave., North Las VegasKB Home Nevada Inc.

$169,621, residential3126 Istria Ave., HendersonKB Home Inspirada LLC

$168,956, residential3073 Venaria Ave., HendersonPardee Homes of Nevada

$167,751, single-family residential279 Castellari Drive, Las VegasWoodside Homes of Nevada LLC

$167,751, single-family residential279 Castellari Drive, Las VegasWoodside Homes of Nevada LLC

$161,659, commercial6050 N. Decatur Blvd. , North Las VegasEllis Construction Company


$153,058, single-family residen-tial9944 Coyoto Echo Court, Las VegasWoodside Homes of Nevada LLC

$149,881, residential3217 Porto Vittoria Ave., Hender-sonToll Henderson LLC

$148,699, single-family residen-tial474 Port Reggio St., Las VegasKB Home Nevada Inc.

$146,944, single-family residen-tial12254 Argent Bay Ave., Las VegasKB Home Nevada Inc.

$143,005, residential1125 Echo Pass St., HendersonKB Home LV Portola Hills LLC

$142,950, residential3122 Istria Ave., HendersonKB Home Inspirada LLC


$141,017, single-family residential448 Trevinca St., Las VegasRyland Homes

$140,924, single-family residen-tial201 Castellari Drive, Las VegasPulte Homes of Nevada

$140,580, residential - new6513 Claystone Creek Court, North

Las VegasPardee Homes of Nevada



$139,401, residential3069 Venaria Ave., HendersonPardee Homes of Nevada

$134,909, residential2513 Bankhurst St., HendersonPardee Homes of Nevada



$134,798, residential716 Gulf Pearl Drive, HendersonKB Home LV Pearl Creek LLC

$132,996, single-family residen-tial10822 Faulkner Run Ave., Las VegasRyland Homes

$132,796, single-family residen-tial139 Berneri Drive, Las VegasPulte Homes of Nevada

$132,055, residential - new3517 Starlight Ranch Ave., North Las VegasJ.F. Shea Co. Inc.

$130,743, single-family residen-tial205 Castellari Drive, Las VegasPulte Homes of Nevada

$129,640, single-family residen-tial7122 Orion Bands St., Las VegasRyland Homes

$129,143, residential1085 Via Della Costrella, Hender-sonGreystone Nevada LLC

$128,644, residential936 Miller Canyon Ave., HendersonRyland Homes Nevada LLC

$126,054, single-family residen-tial6687 Conquistador St., Las VegasRyland Homes

$125,868, single-family residen-tial7619 Phoenix Peak St., Las VegasAdaven Homes LLC










$122,821, residential245 Cadence View Way, Hender-sonRyland Homes Nevada LLC

$122,187, single-family residential6717 Bristle Falls St., Las VegasRyland Homes

$122,156, residential940 Miller Canyon Ave., Hender-sonRyland Homes Nevada LLC

$121,934, residential249 Cadence View Way, Hender-sonRyland Homes Nevada LLC

$120,015, commercial - remodel10251 S. Eastern Ave., HendersonSiena II Holding LP

$119,130, wall/fence7700 N. Fort Apache Road, Las Vegas

Frank Iovino & Sons Masonry Inc.



$117,276, residential965 Harbor Ave., HendersonKB Home LV Pearl Creek LLC

$117,055, residential - new5641 Pleasant Palms St., North Las VegasJ.F. Shea Co. Inc.

$116,927, single-family residen-tial143 Berneri Drive, Las VegasPulte Homes of Nevada

$114,337, residential1342 Quiet Fox Way, HendersonRyland Homes Nevada LLC









$108,959, single-family residen-tial7927 Blue Lake Peak St., Las VegasAdaven Homes LLC


$108,865, single-family residen-tial6990 Ebbets Field St., Las VegasRyland Homes


$103,442, single-family residen-tial9029 Good Humored Court, Las VegasGreystone Nevada LLC

$102,527, residential3136 Biccari Ave., HendersonKB Home Inspirada LLC

$102,527, residential722 Gulf Pearl Drive, HendersonKB Home LV Pearl Creek LLC

$100,000, commercial831 W. Bonanza Road, Las VegasTradewinds Construction

$95,630, commercial - addition4900 Engineers Way, North Las VegasThomas Reuters Golden Triangle Industrial Park

$90,495, residential - new3821 Citrus Heights Ave., North Las VegasJ.F. Shea Co. Inc.

$87,610, wall/fence831 W. Bonanza Road, Las VegasTradewinds Construction

$86,391, residential1097 Via Della Curia, HendersonCentury Communities Nevada LLC

CONVENTIONS

Western States Roofing Contrac-tors Association 2015 Convention & TradeshowLocation: Paris Las VegasDates: June 14-17Expected attendance: 4,000

International Quality & Productiv-ity Center (IQPC) - 16th Annual Call Center WeekLocation: Mirage Dates: June 15-19Expected attendance: 1,000

Amazing Las Vegas Comic Con - 2015Location: South PointDates: June 19-21Expected attendance: 4,000

International Esthetics, Cosmetic and Spa Conference (IECS) - 2015Location: Las Vegas Convention CenterDates: June 20-22Expected attendance: 25,000

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

18-20_VIData_20150614.indd 20 6/12/15 2:41 PM

All deposits FDIC insured to the maximum limits | 702.471.2265 | MeadowsBank.com

A Bank for Professionals by ProfessionalsWe’re a financially strong community bank who cares about you and your client’s financial future. Organized by local businessmen to provide a good banking alternative to the communities we serve, our decisions are made by the bank’s Nevada-based board of directors. We offer a full suite of banking products and services in a highly personalized banking environment.

For questions about construction cones in your area

Call 702.928.CONE(2663) or visit SeeingOrangeNV.com

SEEING ORANGE?

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059_tsd_061415.indd 1 6/12/15 9:34 AM


The List

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 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: ACCOUNTING FIRMS(RANKED BY NUMBER OF PROFESSIONAL STAFF AS OF APRIL 30)

FirmYear est.

Professional staff CPAs Services Top executive

1 Deloitte & Touche LLP3883 Howard Hughes Parkway, Suite 400Las Vegas, NV 89169702-893-3100 • deloitte.com

1968 160 71 Audit and Enterprise Risk Services (AERS), tax and consulting

Christopher Griffin, office managing partner

2a Ernst & Young LLP3800 Howard Hughes Parkway, Suite 1450Las Vegas, NV 89169702-267-9000 • ey.com

2004 63 23 gaming, real estate, hospitality Tom Roche, man-aging partner

2b McGladrey - Assurance, Tax and Consulting300 S. Fourth St., Suite 1200Las Vegas, NV 89101702-759-4000 • mcgladrey.com

1953 63 31 tax preparation, auditing, business consulting

Bill Wells, office managing partner

4 Piercy, Bowler, Taylor & Kern6100 Elton Ave., Suite 1000Las Vegas, NV 89107702-384-1120 • pbtk.com

1990 60 23 audit, tax, forensics L. Ralph Piercy, president

5 L.L. Bradford & Company8880 W. Sunset Road, 3rd FloorLas Vegas, NV 89148702-735-5030 • llbradford.com

1992 57 17 audit, tax, consulting Lance Bradford, managing partner

6 BDO6671 Las Vegas Blvd. South, Suite 200Las Vegas, NV 89119702-784-0000 • bdo.com

2008 50 12 tax, audit, consulting Bill Powell, man-aging assurance partner

7 PricewaterhouseCoopers LLP3800 Howard Hughes Parkway, Suite 650Las Vegas, NV 89169702-691-5400 • pwc.com

1990 45 15 assurance, advisory, tax Frederick Hipwell, office managing partner

8 Stewart, Archibald & Barney LLP7881 W. Charleston Blvd., Suite 250Las Vegas, NV 89117702-579-7000 • sabcpa.com

1972 42 19 tax auditing, exit planning/value en-hancement consulting

Robert Worthen, CEO

9 Ovist & Howard7 Commerce Center DriveHenderson, NV 89014702-456-1300 • ohcpas.net

1981 25 10 taxation, small business, homeowners Francis Howard, managing partner

10a Bradshaw, Smith & Co. LLP5851 W. Charleston Blvd.Las Vegas, NV 89146702-878-9788 • bradshawsmith.com

1976 16 14 audit, tax, litigation support Douglas Winters, managing partner

10b Wallace Neumann & Verville8930 Spanish Ridge Ave.Las Vegas, NV 89148702-387-0999 • wnvcpa.com

1990 16 9 real estate, health care, small and mid-size businesses

Jason Neumann, partner

12a Eide Bailly LLP8485 W. Sunset Road, Suite 204Las Vegas, NV 89113702-384-7717 • eidebailly.com

1972 12 6 accounting services, audit and assur-ance, cost segregation

Tamara Miramon-tes, lead partner

12b Kondler & Associates CPAs6460 Medical Center St., Suite 230Las Vegas, NV 89148702-433-7075 • kondlercpa.com

1995 12 3 audits, tax return preparation, AICPA peer reviews

Ray Kondler, man-aging shareholder

14a Houldsworth, Russo & Co.8675 S. Eastern Ave.Las Vegas, NV 89123702-269-9992 • trusthrc.com

1996 11 7 audit, tax, bookkeeping Dianna Russo, managing principal

14b JW Advisors9139 W. Russell Road, Suite 200Las Vegas, NV 89148702-304-0405 • jwacpas.com

2015 11 8 business transitions/consulting, litiga-tion support, tax and assurance

Kirk Jacobson, managing partner

14c Swarts & Swarts10091 Park Run Drive, Suite 200Las Vegas, NV 89145702-312-8111 • swartscpas.com

1995 11 5 CPAs, business advisors and litigation support

George and Curtis Swarts, partners

VEGAS INC

22JUNE 14- JUNE 20

22_VI_List_20150614.indd 22 6/12/15 2:40 PM

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