SPONSORED BY - Nevada Business Magazine · Leadership determines whether your ladder is leaning...

S P E C I A L R E P O R T

ETNReal Estate Services

S P O N S O R E D B Y

http://www.stoltzusa.com

http://www.burkegc.com

http://www.sh-architecture.com

6 NAIOP • EJM DEVELOPMENT CO. • 2007 BUS TOUR GUIDE BOOK

T A B L E O F C O N T E N T S

Airport Industrial Submarket Overview 8PLISE Development and Construction* 12Central Office Submarket Overview 14Northwest Office Submarket Overview 18Dermody Properties/DP Partners* 20Southwest Office Submarket Overview 23Southwest Industrial Submarket Overview 23UnitedHealthcare* 36EJM Development Co.* 37Henderson Office Submarket Overview 39Henderson Industrial Submarket Overview 39ROEL Construction* 44SH Architecture* 46Pavilion* 54Map 56, 57North Las Vegas Office Submarket Overview 58North Las Vegas Industrial Submarket Overview 58Newland Communities* 62Jones Vargas* 66Amercian Nevada Company* 68Southern Nevada Water Authority* 70Southern Nevada’s Office Market Summary 72Southern Nevada’s Industrial Market Summary 76Voit Commercial Brokerage* 80

Majestic Realty Co.* 81Burke & Associates* 82Harsch Investment Properties* 83Cox Business Services* 84Jackson-Shaw Company* 85Bank of Nevada* 86Shea at Tenaya Village* 87Community Service Committee 88Government Affairs Committee 90Stoltz Management* 92Education Committee 94Marnell Properties* 96Sustainable Development Committee 97Industry Trends Committee 98Casey Jones Foundation 99Communications Committee 100Bus Tour Committee 101Membership Committee 102Benefits of Membership 103Past Presidents 104Board Members 105President’s Circle Sponsors 106Member Companies 108, 109Bus Tour Committee/Sponsors 110*Paid Advertiser

S P E C I A L R E P O R T

COPYRIGHT ©2007 REPRODUCTION PROHIBITED UNLESS AUTHORIZED BY PUBLISHER

http://www.randoco.com

PavilionLocation: Charleston and Pavilion154,000 square feet, six floors

Management is efficient in leading your company up the ladder of success,Leadership determines whether your ladder is leaning against the right wall.

FOLLOW THE LEADERS:Fertitta Enterprises • UBS • TD Ameritrade • Hill International • City National Bank • Station Casinos

Altour International • Seegmiller & Assoc. • Land America

Let your company be judged by the company it keeps.

Leasing info : Brad Peterson or Randy Broadhead, CBRE 702-369-4800Professionally Managed by Gatski Commercial 702-221-8226

A MARK OF EXCELLENCE


Town Square6601 South Las Vegas Blvd.2

Type: OfficeDeveloper: Turnberry Associates & Centra Properties / Steve Levine / 305-914-8219Leasing Agent: Turnberry Associates / Steve Levine / 305-914-8219Architect: Design GroupGeneral Contractor: Marnell ConstructionDate Built: Nov-07Status: Under ConstructionProject Square Footage: 350,000 Development Acreage: 110.00Asking Rates: $2.75-$3.10 MGMajor Tenants: Las Vegas Chamber of Commerce

COMMENTS:Town Square is located at the epicenter of Las Vegas, bordered by the Strip, I-215 Belt-way and I-15 with 400,000 vehicles passing by each day. Now leasing 350,000 SF ofoffice space complimented by the most comprehensive amenity offering in Las Vegas –1.3 million SF of retail, restaurants, cafes, entertainment and fitness facilities.

AIR

PO

RT

MCC-5 Marnell Corporate Center6720 Via Austi Pkwy.1

Type: OfficeDeveloper: Marnell Properties / Alan Helms / 702-739-2999Leasing Agent: CBRE / Jayne Cayton, Bret Davis / 702-369-4800Architect: Marnell ArchitectureGeneral Contractor: Summit BuildersDate Built: May-07Status: CompletedProject Square Footage: 117,000Development Acreage: 3.75Asking Rates: $3.00-$3.25 FSGMajor Tenants: Marnell Keating, TEKsystems, The Loughton Company, Kemper Mort-gage

COMMENTS:MCC-5 is the first five-story Class A office building within the prestigious and sophisticat-ed Marnell Corporate Center. It offers a dramatic two-story lobby entrance, scenic viewsand the highest quality of services and amenities. The building has a unique independentparking structure and is adjacent to the 2006 NAIOP Building of the Year, MCC-4.

T he Airport industrial submarkethas a total inventory of approxi-mately 13.3 million square feet,

which accounts for roughly 14.5 per-cent of Las Vegas’ total inventory,making it the third largest submarketin the Valley. As of second quarter2007, the vacancy rate was 4.2 per-cent down from 5 percent last year.

The Airport market is already hometo a host of gaming and resort related companies due to its prox-imity to the Strip and the Valley’s freeway system. It will contin-ue to see a migration of gaming companies due to the tremen-dous growth on the Strip and the realization that the back officeand warehouse requirements of the gaming companies are bet-ter suited off premises. Relocating these departments off theStrip properties enables operators to free up valuable space forhigher and better uses.

Rapidly escalating land prices forced new development inthis supply constrained market to better uses than the tradition-al industrial product. With the exception of EJM, there will no

longer be any more speculative mid-bay or distribution develop-ment in this submarket. In fact, there are very few sizeableparcels available, period, regardless of pricing. One interestingproject that will be under construction is the 740 @ Hughes Air-port Center project, which is being developed by Centra RealtyCorporation, based out of Irvine, Calif. This project represents thefirst speculative development for sale within the Hughes AirportCenter in many years. It will feature Class A office and R&D / In-dustrial product from 1,500 to 22,000 square feet and will pre-sent a unique opportunity for tenants in the Hughes Airport Cen-ter to own their own facilities. Developers have turned to thistype of product in order to make projects economically feasible,as rental rates and sales prices on mid-bay and distribution prod-uct do not justify development.

I have witnessed the price escalation in the Hughes AirportCenter and surrounding area, and believe the fundamentalsthat have pushed increases remain and will only becomestronger in the coming years. Developers, tenants and usershave proved that they are willing to pay a substantial premiumfor an excellent location, especially if there is extremely littleland to purchase.

Airport Industrial Submarket OverviewBy Garrett Toft, Voit Commercial Brokerage

Garrett Toft

NAIOP • EJM DEVELOPMENT CO. • 2007 BUS TOUR GUIDE BOOK 9

AIR

PO

RT

Arrowhead 21Patrick Ln. & Sandhill Rd.77

Type: IndustrialDeveloper: EJM Development / Kirk Boylston, Susan Wincn / 702-597-1852Leasing Agent: Colliers International / Spencer Pinter / 702-735-5700Architect: RGA ArchitectsGeneral Contractor: LM ConstructionDate Built: Jan-Feb-08Status: Under ConstructionProject Square Footage: 147,735Development Acreage: 110Asking Rates: TBDMajor Tenants:

COMMENTS:Arrowhead Commerce Center Building 21 is part of a 110-acre master-planned indus-trial office park. The building will total +/-147,738 SF (divisible to as little as +/-15,600SF) and will be constructed on the Southwest corner of Sandhill and Post in ArrowheadCommerce Center. The building will be a typical big box distribution facility (cross dockstyle) with a +/-30' ceiling clear height in the warehouse area, high bay warehouselighting, evaporative cooling, ESFR fire suppression system, and 277/480 volt, three-phase power.

Tuscano Professional Parc5715-5795 Sandhill Rd.78

Type: Office

Developer: Steelhead Development, Inc. / Argo Corporation

Leasing Agent: Lee & Associates / Chuck Witters / 702-739-6222

Architect: JMA

General Contractor: Steelhead Development

Date Built: Dec-06

Status: Under Construction

Project Square Footage: 49,850

Development Acreage: 4.00

Asking Rates: $1.84 SF MG

Major Tenants: Rapport Leadership, Secor International, Exit Realty

COMMENTS:Park like grounds, Tuscany Mediterranean architecture, five single-story buildings from7,750 SF to 12,000 SF extensive use of Italian tile in building common areas, gener-ous tenant improvement allowance.

Thanks for supporting NAIOP!

S U B M A R K E T S P O N S O R

Because NAIOP wanted to make sure each property on this year’sBus Tour got the attention it deserved, the tour was divided into tworoutes, roughly east and west of the I-15 freeway. Because of this,the numbers for the properties sometimes do not match up with thesubmarkets in numerical order.

Please take our word for it: the properties as listed here belong in thesubmarket where they’re located. Please refer to pages 56 and 57for the complete Bus Tour map and the accompanying list of prop-erties from 1 through 83.

Have a wonderful Bus Tour!

1, 2, 77, 78??

Double Net Lease: Tenant pays property taxes and insurance.

FSG: Full Service Gross - Landlord covers all base year expenses.

Gross Lease: A lease of property where the lessor is responsible for paying all property expenses.

Gross Rent Multiplier: The GRM is an easy rule of thumb to forecast value.

Modified Gross Leases: This is a lease in which the rent includes building expenses like a Gross lease, but the landlord recaptures expense increases after the base year.

Sub-Lease: A tenant leases some portion of a premises to another tenant,while remaining liable to the landlord for rent.

Triple Net Lease: (NNN) A net-net-net lease, where in addition to the stipulated rent,the lessee assumes payment of all operating expenses of the property and thelandlord receives a net rent.

Industry Definitions


Pama Lane Business ParkPalm Ln. & Eastern Ave.80

Type: Office

Developer: Real Estate Group Nevada, LLC / Lee Phelps / 702-367-3000

Leasing Agent: Lee & Associates / Chuck Witters, David Flynn / 702-739-6222

Architect: Lee & Sakahara Architects

General Contractor: Mission Completed Contactors

Date Built: Sept-07

Status: Completed


Development Acreage:

Asking Rates: $1.90 NNN / $250 SF

Major Tenants:

COMMENTS:Located off Eastern Avenue, the professional office park has two 5,005 SF single-storybuildings and three 11,186 SF two-story buildings with 4.5/1,000 parking ratio.

Equipment Management Technology Center1545 Pama Ln.81

Type: Industrial

Developer: EMT / Vito A. Longo / 702-459-1700

Leasing Agent: CB Richard Ellis / Jeremy Green / 702-369-4800

Architect: John Vivier

General Contractor: Matt Construction

Date Built: Jun-07

Status: Completed



Asking Rates: $1.20 - $1.25 NNN

Major Tenants: Equipment Management Technology & Simplex Grinnell

COMMENTS:Completely secured underground parking, 24' clear height, first and second story officewith parking served by elevator and concrete tilt up w/ a 8' wall thickness. AutomaticSprinkler System/ ESFR with fire pump. Dock and grade loading, pit levelers, 100%HVAC, three-phase power and hi-bay metal halide lighting in warehouse. Double paneblue colored glass on exterior. Available for build-out.

740 @ Hughes Airport Center740 Pilot Rd.82

Type: Office/Industrial

Developer: Centra Realty Corporation / Keith Ross / 949-476-2246

Leasing Agent: Voit Commercial Brokerage / Kevin Higgins, Garrett Toft,

Steve Paravia / 702-734-4500

Architect: Ware Malcomb


Date Built: 2008




Asking Rates:Major Tenants:

COMMENTS:740 @ Hughes Airport Center will feature Class A office and R&D/Industrial buildings forsale, ranging in size from 1,500 - 22,000 SF. The office properties will be sold in shellcondition and feature private balconies with Strip views. The R&D/Industrial propertieswill be available in shell condition or finished condition.

Venture Commerce Center6725 - 6785 S. Eastern Ave.79

Type: Office/IndustrialDeveloper: Venture Corporation / Stu Scheinholtz / 415-464-1900Leasing Agent: Voit Commercial Brokerage / Kevin Higgins, Garrett Toft,Steve Paravia / 702-734-4500Architect: Ware MalcombGeneral Contractor: Lusardi Construction CompanyDate Built: 4th Qtr. 2006Status: CompletedProject Square Footage: 79,094Development Acreage: 5.21Asking Rates: $339,000 - $939,000Major Tenants: COMMENTS:Venture Commerce Center is a unique development consisting of 38 privately ownedbusiness properties, ranging in size from 1,183 to 3,600 SF in four separate buildings.Venture Commerce Center business properties have two designs. The properties alongEastern Ave. are one-and two-story office buildings with completed finishes includingcarpet and restrooms. The other design features two-story offices on the front of thebuilding and a 21' clear flex area in the rear.

AIR

PO

RT

http://marnellproperties.com

Sunset Pilot Plaza280 Pilot Rd.83

Type: Office

Developer: 280 Pilot Road LLC / Wes Jenson / 702-361-8301 x15

Leasing Agent: Stoltz Real Estate / Wes Jenson, Mikkel Pearce / 702-361-8301

Architect: JMA

General Contractor: Martin-Harris Construction

Date Built: Jan-08


Project Square Footage: 1-100,000/2-80,000


Asking Rates: $3.05-$3.20 FSG

Major Tenants:

COMMENTS:The project is a Class A office development within minutes of hotels, restaurants, the LasVegas Strip and McCarran Airport, with immediate access to the airport connector, andregional highway system. The project will feature two three-story buildings totaling180,000 SF, with divisibility from 5,000 SF.

Thanks, NAIOP!Nevada Business Journalwould like to thank NAIOPfor allowing us to againpartner with your greatorganization to produce the2007 NAIOP Bus Tour GuideBook. We have enjoyedworking with you on theBus Tour since 2003 andlook forward to many moreyears together.

AIR

PO

RT

lise Development & Construction, LLC (PLISE), isone of Southern Nevada’s top commercial real es-tate development and construction firms. PLISE

provides design/build and general contracting services, anda full range of development services including, without lim-itation, land-use andzoning, planning, financ-ing, construction man-agement, leasing andproperty management.

To date, PLISE has de-veloped more than 2 million square feet of Class A officespace, retail and mixed-use projects throughout the LasVegas Valley, with another 3 million square feet currentlyunder development and construction. Current projects in-clude Centennial Corporate Center, Rainbow Sunset Pavilionand City Crossing.

Centennial Corporate Center and Rainbow Sunset Pavilioncombine a unique mix of true Class A professional and medicaloffice with an abundant mix of attractive retail amenities in onemaster-planned commercial center. Both projects have attract-ed an eclectic mix of high-profile tenants that selected PLISE

properties for its convenient location and unique design.As a premier mixed-use project in the Las Vegas Valley,

City Crossing is situated on 126 acres and consists of 2,500luxury residences, 1 million square feet of Class A officespace and 600,000 square feet of lifestyle retail space to-

gether to create an up-scale urban lifestyle de-velopment, unlikeanything else in the area.This dynamic $2 billiondestination caters to

people who want to live, work and entertain all in one placeand is well located adjacent to the Henderson Executive Air-port. The first 30 acres of City Crossing are slated for com-pletion by the third quarter of 2009.

PLISE is recognized as a leading builder of true Class A of-fice buildings. The company is committed to utilizing its ac-quisition, development, construction and management ex-pertise to improve its properties while maintaininguncompromising principles.

Plise Development & Construction has earned its reputa-tion for development excellence.

Plise Development & ConstructionEarning a Reputation for Success

P

“City Crossing is situated on 126 acres and consists of 2,500 luxury residences.”


http://www.voitco.com


T he Central Office Submarket iscomprised of several older officecorridors in the Las Vegas Valley

with +/- 2,681,633 square feet of gen-eral office space and 755,879 squarefeet of medical office space. This sub-market had a 9.88 percent vacancyrate in general office space and 10.04percent in medical office space at theend of the second quarter 2007. The

primary office corridors are East Flamingo Road, West Sahara Av-enue and Downtown Las Vegas.

The Flamingo Road office corridor has not seen a significantdevelopment in recent years with the exception of the continueddevelopment of the Howard Hughes Center. Crescent Real Es-tate completed construction of 3883 Howard Hughes Parkway insecond quarter 2007 and is 95 percent occupied with $3.85 FSGasking rents.

The Sahara Office Corridor has also been negatively impact-ed by the emergence of the Southwest office submarket. TheNevada Financial Center which was this corridor’s first Class A

office development is +/- 158,000 square feet and remains thecornerstone of this office corridor at 100 percent occupancy with$2.95 FSG asking rents.

Downtown Las Vegas redevelopment is starting to gain mo-mentum with the proposed REI project that is to be anchored bya sports stadium to the north of West Charleston Boulevard. Otherprojects in the Downtown submarket include: the IRS building onOgden Avenue; the Molasky Corporate Center/Southern NevadaWater Authority building; the Las Vegas Premium Outlet Center;Phase III of World Market; the Jewelry Mart; and Union Park.

The Medical District just west of I-15 has around 1.4 mil-lion square feet of medical office space with a vacancy rate of4.92 percent. Three hospitals currently operate in this sub-market with 1,228 hospital beds – a ratio of 1,120 square feetof medical office space per hospital bed. Average lease ratesin this submarket are $1.82 per square foot per month whichis slightly above the market average of $1.78 per square footper month.

The Las Vegas market’s growth and strong economy contin-ue to bring many doctors, nurses and other trained healthcareproviders to the market.

Central Office Submarket OverviewBy Bruce Follmer, CB Richard Ellis

Bruce Follmer

3883 Howard Hughes Pkwy.3883 Howard Hughes Pkwy.3

Type: Office

Developer: Colliers International / Tom Stilley, Lizz Stilley / 702-735-5700

Leasing Agent: Crescent Real Estate Equities, LTD. / Robert Boykin / 713-840-3700

Architect: HIS Architect Inc.

General Contractor: Mitchell Construction

Date Built: May-07

Status: Completed



Asking Rates: $3.25 FSG

Major Tenants: Snell & Wilmer, Boyd Gaming, AM PAC, Gassy Enterprises

COMMENTS:3883 Howard Hughes Parkway, Crescent Real Estate's new 11-story, Class A officetower in Hughes Center. Designed by HIS Architects, Inc., the project features importedand domestic granite, combined with granite chip architectural pre-cast panels and com-posite metal wrapped columns.

701 Shadow Lane Office Building701 Shadow Lane4

Type: Office/ Medical

Developer: Tower Realty and Development / 702-366-0444

Leasing Agent: CBRE / Jan Hoback, Carla Cole, Bruce Follmer / 702-369-4800

Architect: Westar

General Contractor: Western US Contractors

Date Built: Sep-07




Asking Rates: $2.25 /NNN

Major Tenants: University Medical Center of Southern Nevada, Cancer and

Blood Specialists of Nevada

COMMENTS:Three-Story Medical Office building directly across the street from Valley Hospital andUMC; adjacent to the Clark County Health District and University of Nevada School ofMedicine.

CEN

TRA

L

http://unionparkvegas.com


NO

RTH

WES

T

Molasky Corporate Center100 City Pkwy.5

Type: OfficeDeveloper: The Molasky Group of Companies / Richard S. Worthington / 702-735-0155Leasing Agent: Burnham Real Estate / Keith Bassett / 702-384-4488Architect: KKE/HFTA ArchitectsGeneral Contractor: Marnell CorraoDate Built: Sep-07Status: CompletedProject Square Footage: 285,000 Development Acreage: 3.00Asking Rates: $3.25 FSGMajor Tenants: Southern Nevada Water Authority, 24 Hour Fitness, Brownstein HyattFarber & Schreck

COMMENTS:As the largest, privately-owned green building in Las Vegas, Molasky Corporate Centersets the tone for sustainable development in the downtown area. Highly amenitized andheadquarters for several prominent agencies and firms, the 17 story Class A office toweris expected to be LEED Gold certified.

http://www.uhctoday.com/reno

http://www.unitedhealthcare.com


NO

RTH

WES

T

T he Northwest office market isbound by the 215 Beltway to thewest, east along Desert Inn Road

to Durango Road, then north to Sum-merlin Parkway, east to Decatur Road,and finally, north where it rejoins the215 Beltway. As of the second quarterof 2007, it consists of more than 7.7million square feet of space, whichrepresents approximately 21 percent

of all office space in Southern Nevada. Approximately 9.8 percentor just under 759,000 square feet is vacant, an increase from 5.6percent vacancy last year.

Absorption for the first two quarters of 2006 was a healthy144,000 square feet. As of the second quarter 2007, there wasalmost 194,000 square feet under construction-substantially lessthan the 800,000 square feet under construction one year ago.

Leasing rates currently average $2.68 per square foot per monthfull service gross, an increase of $0.29 or 12.1 percent from last year.Most of the increase came from Class A and medical space, whererates have increased 14.7 and 18.4 percent respectively.

The diversity of projects under construction indicates an in-creasing sophistication of the Northwest submarket. At six sto-ries, Pavilion, a 150,000-square-foot Class A project is expectedto stimulate a new era of office development in Summerlin overthe next five years. Plise Companies’ five-story 127,000-square-foot Centennial Corporate Center at Ann Road and the I-95, hasalso raised the standard.

Strong job creation, a healthy supply of competitively pricedhousing and the opening of the Centennial Hills Hospital, will con-tinue to stimulate population growth. As commute times to moreestablished office markets increase, so will the demand for localoffice space. Developers such as American Nevada Company areintegrating office development into master-planned communi-ties, enhancing the quality of future growth.

We can expect a pause in Class A development as the pro-jects under construction absorb. Demand for multi-story Class Boffice product will increase as medium-sized tenants enter thesubmarket. Though land prices have increased, opportunities re-main for Class C projects that will continue to cater to smallertenants. Overall, expect continued healthy absorption of office in-ventory in the Northwest and diversity of product types.

Northwest Office Submarket OverviewBy Dean Kaufman, Colliers International

Dean Kaufman

Shea at Tenaya Village7425-7495 W. Azure Dr.6

Type: Office

Developer: SAXA, Inc / Lucinda Stanley / 702-592-1196

Leasing Agent: Prudential-IPG CRES/Miriam Campos-Root

Architect: DFD Cornoyer Hedrick

General Contractor: Caviness Construction Company

Date Built: Jul-07




Asking Rates: $220.00-$250.00 SF

Major Tenants: World Financial Group, Centennial Hills Orthodontics

COMMENTS:Northwest project located in Town Center with beautiful single and two-story garden styleoffices. Convenient to Centennial Hospital with great access from US-95 and 215 belt-way with excellent visibility and signage. A rare opportunity in the Northwest area.

Venture Centennial Hills Center2501 Fire Mesa St.7

Type: Office

Developer: Venture Corporation Las Vegas / Ryan Gould / 702-341-8809

Leasing Agent: Venture Corporation Las Vegas / Ryan Gould / 702-341-8809

Architect: KKE/HFTA Architects

General Contractor: Lusardi Construction

Date Built: Jun-08




Asking Rates: $2.00-$3.50 NNN

Major Tenants: Nevada Title Company, Progressive Insurance,

Land America Lawyers Title, CitiCorp

COMMENTS: Centennial Hills Center will consist of 161,000 SF of medical, profession-al, retail condominiums in 12 separate, architecturally appealing, single-story buildingsranging in size from 5,800 to 9,800 SF, ideal for medical and dental professionals of alldisciplines. In the core of this new development will be 58,000 SF two-story and 87,000SF three-story Class A medical & professional office buildings.

http://coxbusiness.com


NO

RTH

WES

T

Cheyenne Fairways Business Center8640 W Cheyenne Ave.8

Type: Office

Developer: Investment Equity Development / David Inman / 702-871-4545

Leasing Agent: Investment Equity Development / Bob Hommel / 702-871-4545

Architect: Indigo Architects

General Contractor: Investment Equity Builders

Date Built: Aug-07

Status: Completed




Major Tenants: WaterMark Executive Suites

COMMENTS: This 60,000 SF two-story office/retail development features office suites for lease withbalconies, putting greens and outstanding views fronting the Durango Hills Golf Club. Lo-cated on Cheyenne, west of Durango, the project is anchored by a 25,000 SF state-of-the-art WaterMark Executive Suites.

Las Vegas Tech Center II2501 Fire Mesa St.9

Type: Office

Developer: Thomas & Mack Development Group / Nicola Fryatt / 702-896-6103

Leasing Agent: CBRE / Randy Broadhead, Brad Peterson / 702-369-4800



Date Built: Dec-06

Status: Completed



Asking Rates: $2.25 MG or Sale $225 SF

Major Tenants: Health Data Insights, Land America, Lawyers Title, Title One

COMMENTS: The Las Vegas Technology Center II is a mixed-use business park comprised of71.74 acres. The center features full interstate access to US 95 via Cheyenne Roadand access to I-215 via Cheyenne or Lake Mead. 2501 Fire Mesa St. is a two-storysuburban Class A office building and a sister building to the existing 7501 TrinityPeak Building (100% leased).

ermody Properties/DP Partners was founded inNevada in 1960 and has grown to become one ofthe 10 largest private industrial development firms

in the nation with clients among the who’s who of Americanindustry. In fact, Dermody Properties is the only national de-velopment firm founded and based in Nevada.

Even though thegrowth of Dermody Prop-erties has included de-velopment in marketsfrom Pennsylvania toGeorgia, Chicago to LasVegas, they are keenlyaware of their roots. The company has been Nevada’s am-bassador for industrial development and a model for com-mitment to their community.

As rich as their history has been, the future is even moreexciting today for the company, the industry and the LasVegas community. Dermody Properties will now expand theirbusiness platform to include not only industrial developmentthrough DP Partners, but also other property types including

office and retail through other divisions of the company. Whilemaintaining a strong presence in each of its current markets,Dermody Properties will embrace an even greater entrepre-neurial approach to development and a focus on exemplarycustomer service.

From their 2006 NAIOP Spotlight Award-winning projects inSouthern Nevada to theirefforts to support a sisterc h a p t e r i n N o r t h e r nNevada, Dermody Proper-ties is working togetherwith NAIOP to create abright future for develop-

ers and the communities in which they work and live. As theDermody Properties team looks to the future, they will active-ly pursue new projects and embrace a refreshed style ofdoing business, as well as an even greater emphasis on giv-ing back to the community.

Dermody Properties is proud to be a sponsor of the SouthernNevada NAIOP Bus Tour and is looking forward to being a partof the leadership NAIOP will continue to bring to our region.

Dermody Properties/DP PartnersExpanding Its Business Platform

D

“The company has been Nevada’s ambassador for industrial development and a model for

commitment to their community.”

http://www.crescent.com


SO

UTH

WES

T The Gardens Plaza13

Type: OfficeDeveloper: Mark L. Fine & Associates / Sara Lenn / 702-733-5901Leasing Agent: Mark L. Fine & Associates / Sara Lenn / 702-733-5900Architect: Perkowitz & Ruth ArchitectsGeneral Contractor: SR ConstructionDate Built: Jun-07Status: CompletedProject Square Footage: 50,000Development Acreage: 7.04Asking Rates: Office Lease $2.50 NNN / Retail - $3.35 - $3.75 / Land - $40-$52 SF Major Tenants: Realty One, Marrs Bergquist CPA's, Coffee Bean & Tea Leaf, Rachel'sKitchen

COMMENTS: The Gardens Plaza is ideally located at a prime intersection in Summerlin, this project willconsist of office pads for office building ranging from 4,200 SF up to 12,000 SF. There willalso be opportunities for leases located directly on Town Center Dr. This lushly landscapedproject offers its tenants a beautiful professional high-image business environment.

Parkway Pointe9555 Hillwood Dr.10

Type: Office

Developer: Christopher Commercial / Douglas Crook / 702-243-2800

Leasing Agent: CBRE / Jayne Cayton, Bret Davis / 702-369-4800

Architect: SH Architects

General Contractor: Burke & Associates

Date Built: Jan-07

Status: Completed




Major Tenants: First National Bank, New Cotai Holdings

COMMENTS: Parkway Pointe is a two-story Class A office building within the prestigious Summerlinmaster-plan. This one of a kind office development offers signage visible from Sum-merlin Parkway and is within minutes from both U.S. 95 and the I-215 Beltway, provid-ing easy access throughout the Valley.

Pavilion10801 W. Charleston Blvd.11

Type: Office

Developer: Jason Awad

Leasing Agent: CBRE / Brad Peterson / 702-369-4800


General Contractor: Burke & Associates

Date Built: Sept-07




Asking Rates: $2.65-$2.90 SF MG

Major Tenants: City National Bank, UBS, Fertitta Enterprises

COMMENTS: Premier Northwest location on West Charleston near the 215 in Summerlin Center setsthe stage for this beautiful six-story Class A Professional office building totaling 150,000SF. Upgraded finishes inside and out. Balcony views, three level parking structure andclose to all amenties.


T he Southwest submarket encom-passes the area between Flamin-go Road to the north, the I-15 to

the east, the California State line to thesouth and the Spring Mountain rangeto the west. Containing an approximate12 percent share of the current exist-ing office inventory in the Las VegasValley, the Southwest attributed tomore than 30 percent of the office ab-

sorption in the second quarter of 2007.The Southwest submarket continues to lead office develop-

ment in the Las Vegas Valley, accounting for more than 64 per-cent of new construction. Ideally located between the two largestresidential master-plans in Southern Nevada (Summerlin andGreen Valley) the Southwest submarket will evolve into one of theValley’s core submarkets. Projects with visibility and quick ac-cess to the I-215 Beltway have generated the most demand withan average vacancy rate of 3 percent. The majority of tenantsmoving to this area are somewhat larger users (between 10,000and 25,000 square feet) than the traditional Las Vegas office

user. In contrast, the typical tenant size for office users in the Val-ley is 3,000 to 7,000 square feet.

Increasing land prices in the Southwest and constructioncosts have pushed future development toward mid-rise Class Aand B office product. The majority of these planned mid-rise of-fice buildings will be a smaller component of mixed-use devel-opments incorporating retail and residential. Rates will continueto adjust upward to offset spikes in local construction costs.

With more than 4.5 million square feet of existing officespace and another 2.7 million square feet planned, the need fordifferentiation has never been greater. For instance, the Park atSpanish Ridge Phase II and LaPour Corporate Center are bothgreen building projects underway in the Southwest looking to at-tract the environmentally conscious office users. Other projectssuch as EJM’s 450-acre, The Arroyo, project will surround itstenants with more than 4 million square feet of retail amenitiesand services.

In summation, the Southwest submarket market remainsstrong as rents increase to an all time high. The Southwestboasts considerable increases in occupancy and market share,due to its exceptional location and economic advantages.

Southwest Office Submarket OverviewBy Taber Thill, Colliers International

Taber Thill

T he Southwest submarket contin-ues to be Las Vegas Valley’s mostdesired area for businesses re-

quiring industrial space centrally locat-ed in the Valley with close proximity to the Las Vegas Strip andMcCarran International Airport. Generally located west of I-15,north of Blue Diamond Road, south of Sahara Avenue and east ofDecatur Boulevard, this area has, within the past two years,jumped further west with a pocket of industrial product (calledThe Arroyo Business Center) located between Buffalo Road andRainbow Avenue along the I-215 freeway. The Southwest in-cludes approximately 28.3 million square feet of industrial space,accounting for about 29 percent of the industrial space in the en-tire valley. With all this in mind, the vacancy rate at the end ofthe second quarter 2007 was at 5 percent, compared to the over-all industrial market vacancy rate of 4.4 percent in Las Vegas.

Over the past years, growth in the Southwest submarket hasgenerally out-paced all other industrial submarkets in the Las

Vegas Valley with almost 1 million square feet of industrial prod-uct under construction. Currently, only North Las Vegas has morespace under construction totaling about 1.5 million square feet.Developable vacant industrial land continues to become morescarce and more expensive forcing developers to take greaterrisks with newly purchased land. The minimal supply of existingland to be developed in the Southwest at this time is very expen-sive ranging from $18 to $25 per square foot. With this in mind,the bulk of the larger multi-tenant projects to be developed overthe next few years will continue to come from EJM DevelopmentCo. at The Arroyo Business Center and Majestic Realty Co. at theBeltway Business Center. Both of these developers have negotiat-ed joint venture arrangements with the Clark County Aviation De-partment on close to 400 acres each.

Regardless of the challenges faced in the Southwest, thissubmarket continues to be the most highly desired industrialsubmarket in Las Vegas for users looking to service all parts ofthe Valley from one location, or service the resort corridor.

Southwest Industrial Submarket OverviewBy Spencer Pinter, Colliers International

Spencer Pinter

Over the past years, growth in the Southwest submarket has generally out-paced all other industrial

submarkets in the Las Vegas Valley

SO

UTH

WES

T


SO

UTH

WES

T

Stone Canyon Professional Park 12

Type: OfficeDeveloper: Investment Equity Development / 702-871-4545Leasing Agent: Investment Equity Builders / 702-871-4545 Architect: Indigo ArchitectsGeneral Contractor: Investment Equity BuildersDate Built: Spring 2007Status: CompletedProject Square Footage: 83,000Development Acreage: 10.00Asking Rates: Sale $245-$325 SFMajor Tenants: Priority One Commercial

COMMENTS: This 83,000 SF high-image, mixed-use office/retail development features a presti-gious West Sahara address and a 50-foot tall combination pylon sign/color readerboard. This project includes 15,000 SF of retail pad space for lease on the corner ofSahara & Tenaya, across from the automotive dealerships of Mercedes-Benz,Porsche, Jaguar, and Aston Martin.

Venture Hualapai Pavilion Commons10115 - 10195 West Twain Ave. & 3820 S. Hualapai Way14

Type: OfficeDeveloper: Venture Corporation Las Vegas / Ryan Gould / 702-341-8809Leasing Agent: Venture Corporation Las Vegas / Ryan Gould / 702-341-8809Architect: KKE/HFTA ArchitectsGeneral Contractor: Oakview ConstructionDate Built: Aug-07Status: CompletedProject Square Footage: 62,100Development Acreage: 5.75Asking Rates: $2.25-2.75 NNN/ $225-$280 SF Shell Major Tenants: Dr. Andrew Bronstein, MD (Orthopedic Surgery); Dr. Seth Adjovu, MD(Internal Medicine); Gastroenterology Associates of Las Vegas; Dr. Carlos Letelier, MD,DMD, DDS (Oral Surgery)

COMMENTS: Hualapai Pavilion Commons is a new office development consisting of 62,100 SF of pro-fessional, medical and dental offices. The project consists of six buildings ranging in sizefrom 8,850 to 15,000 SF. Located at the intersection of South Hualapai Way and WestTwain Avenue, it is adjacent to Summerlin and directly across the street from the 142,000SF Nevada Cancer Institute facility.

Venture Professional Center Ft. Apache5731-5785 S Ft. Apache Rd. and 9455-9525 W. Russell Rd.15

Type: OfficeDeveloper: Venture Corporation Las Vegas / Ryan Gould / 702-341-8809Leasing Agent: Venture Corporation Las Vegas / Ryan Gould / 702-341-8809Architect: JMAGeneral Contractor: SIMAC and Oakview ConstructionDate Built: Mar-07Status: CompletedProject Square Footage: 122,000Development Acreage: 10.00Asking Rates: $2.00-$2.50 NNN / $245-$275 SF ShellMajor Tenants: Dr. Ben Rodriquez, MD (Plastic Surgery); Dr. Timothy Tolan, MD (Ear,Nose & Throat); Dr. Douglas Seip, MD (Orthopedic Surgery with HealthSouth; Dr. StuartHoffman, MD (General Surgery)

COMMENTS: Venture Professional Center Fort Apache is a Class A design, 120,000 SF developmentconsisting of 13 single-story buildings and one two-story building ideal for medical, surgi-cal center, dental and professional offices. It is located on the corner of Russell and FortApache roads within close proximity to four major medical facilities. It is visible from the I-215 and within 1/2 mile of Southern Hills Hospital.



http://www.plise.com


SO

UTH

WES

T

Desert Canyon Business Park9107-9133 Russell Rd.17

Type: Office

Developer: Nigro Development / Todd Nigro / 702-247-1920

Leasing Agent: Commercial Executives / Soozi Jones Walker / Bobbi Miracle

702-316-4500

Architect: Perlman

General Contractor: Nigro Development

Date Built: 2006/2007

Status: Completed



Asking Rates: $2.25 MG

Major Tenants: Nigro Development, Beazer Homes, Bank of George, Millennium Gaming

COMMENTS: Desert Canyon is a 15-acre master-planned Class A office business park with a so-phisticated, unique desert architecture and landscaping design. Buildings have free-way visibility signage.

LaPour Corporate Center9075 W. Diablo Dr.18

Type: OfficeDeveloper: LaPour / Lisa Chasteen / 702-222-3022Leasing Agent: Colliers International / Mike DeLew, Greg Pancirov,Kevin Collura / 702-735-5700Architect: KKE/HFTA ArchitectsGeneral Contractor: TWC ConstructionDate Built: Apr-08Status: Under ConstructionProject Square Footage: 70,188Development Acreage: 3.81Asking Rates: $2.60 MGMajor Tenants: LaPour Headquarters

COMMENTS: LaPour Corporate Center will be located at Russell Rd. and the I-215, with direct ac-cess from Frontage Rd., providing an excellent location for professional tenants de-siring visibility, accessibility and convenience. Designed with a contemporary archi-tectural style this prominent three-story design is a unique Class A office environment.

The Park at Spanish Ridge8906-8990 Spanish Ridge Ave.19

Type: OfficeDeveloper: Glen, Smith & Glen Development / Kenneth Smith / 702-212-9400Leasing Agent: Colliers International / Taber Thill, Dean Kaufman / 702-735-5700Architect: Perkowitz & Ruth ArchitectsGeneral Contractor: SR ConstructionDate Built: Spring 2008Status: Under ConstructionProject Square Footage: 367,110Development Acreage: 40.00Asking Rates: $2.30 SF MG / $2.65 SF for SaleMajor Tenants: Schadler Kramer Group Advertising, Tang Industries, Henness & HaightAttorneys at Law, Dr. Frank Stile

COMMENTS: Upon completion,The Park at Spanish Ridge will total 620,000 SF of Class A office spaceon approximately 40 acres. There are 25 single-story buildings ranging from 6,012 to12,285 SF, four two-story buildings ranging from 36,000 to 59,700 SF, two three-storybuildings ranging from 70,000 to 89,550 SF and a four-story, 81,980 SF building.

Manhattan West5731-5785 S Ft. Apache Rd. and 9455-9525 W. Russell Rd.16

Type: OfficeDeveloper: Alexander Edelstein, Jim Horning / 702-614-3193Leasing Agent: Prudential-IPG CRES / Miriam Campos-Root, Dana Berggren702-363-7600Architect: Oz ArchitectureGeneral Contractor: APCO ConstructionDate Built: Aug-09Status: Under ConstructionProject Square Footage: 195,000Development Acreage: 20.80Asking Rates: $2.35 NNN / $285 SF ShellMajor Tenants:

COMMENTS: Manhattan West is a mixed-use development offering 150,000 SF Class A office con-dos for sale or lease, divisible to 1,600 SF. Office users have numerous amenities in-cluding 45,000 SF ground floor retail, ninth floor lounge, conference and fitness cen-ter, underground parking and built-in customer base of 1,000 residents.

http://lvcolliers.com


SO

UTH

WES

T

Copper Pointe Business ParkSEC I-215 & Patrick Ln.21

Type: Office

Developer: Investment Equity Development / David Inman / 702-871-4545

Leasing Agent: Investment Equity Development / Bob Hommel / 702-871-4545



Date Built: Feb-07




Asking Rates: Sales Price $250-$315 SF

Major Tenants:

COMMENTS: This 74,000 SF high-image office park consists of (2) two-story office buildings withunits for sale ranging from 2,500 to 37,000 SF. The project features outstanding vis-ibility with I-215 beltway signage and is situated parallel to the beltway between Sun-set and Russell in close proximity to three new hospitals.

Durango Village6002-6088 S. Durango Dr.22

Type: OfficeDeveloper: SAXA, Inc. / Lucinda Stanley / 702-592-1196Leasing Agent: Prudential-IPG CRES / Miriam Campos-Root, Dana Berggren 702-363-7600Architect: DFD Cornoyer HedrickGeneral Contractor: CORE ConstructionDate Built: Oct-07Status: Under ConstructionProject Square Footage: 95,014Development Acreage: 10.00Asking Rates: $240-$260Major Tenants: Glen J. Lerner & Associates

COMMENTS: Attractively designed southwest project located just north of the 215 beltway on thecorner of Patrick and Durango features single and two-story buildings ranging from5,556 SF to 25,000 SF and divisible to 1,250 SF. Great signage and visibility withparking at the door. Lowest rates in the area.

Village Business Park located in The West Village23

Type: Office

Developer: Stable Development / Lance Bradford / Kale Flagg / 702-735-5030

Leasing Agent: 1st Commercial Real Estate Services / Kevin Buckley / 702-798-9988

Architect: Korte Design

General Contractor: The Korte Company

Date Built: Summer 2008




Asking Rates:Major Tenants: Spectrum Engineering, Accountants Inc, Swan Advertising,Sabir & Associates

COMMENTS: The Village Business Park, which will consist of seven office buildings, and is beingdeveloped in the unique West Village. Located on approximately 16.62 acres, the parkwill contain 230,000 SF of office space and approximately 26,000 SF of retail space.

Discovery Gateway ParkI-215 & Russell Rd.20

Type: Office/IndustrialDeveloper: Abbott Brothers Development, Inc. / Jim Abbott / 213-627-3338Leasing Agent: Voit Commercial Brokerage / Kevin Higgins, Garrett Toft, Steve Paravia702-734-4500Architect: Dekker/Perich/SabatiniGeneral Contractor: Western Pride ConstructionDate Built: Mar-08Status: Under ConstructionProject Square Footage: 91,134Development Acreage: 5.35Asking Rates: Office: $1.80 NNN / $300 SF Industrial: $1.16 - $1.26 / $236 - $270 SFMajor Tenants:

COMMENTS: Discovery Gateway Park offers two-story business properties from +/-2,358 to 5,146SF for sale or lease. Properties are delivered in finished condition with tenant im-provements complete. All properties feature balconies, floor to ceiling reflective glass,24' clear height in warehouse with sprinklers and evaporative coolers and a metaltruss and deck roofing system.

http://www.InvestmentEquity.com


SO

UTH

WES

T

Durango Warm Springs Medical8430 W. Warm Springs Rd.24

Type: OfficeDeveloper: The Dunn Companies / Leslie Dunn / 702-458-6579Leasing Agent: Colliers International / Rhonda Panciro, Suzette La Grange702-735-5700Architect: APTUS ArchitectureGeneral Contractor: Kitchell ConstructionDate Built: 2nd Quarter 2008Status: Under ConstructionProject Square Footage: 100,000Development Acreage: 22.00Asking Rates: Lease $1.85 NNN Sale $250.00 SFMajor Tenants:

COMMENTS: Located at the Northeast corner of Warm Springs and Gagnier, this master-planned,Class A, 375,000 SF medical campus includes a multi-specialist post acute care hos-pital. The project is located in the growing Southwest submarket and in close prox-imity to three new hospitals, and immediately adjacent to the new St. Rose Domini-can Hospital-San Martin Campus.

MacFarlane Medical Center8352 Warm Springs Rd.25

Type: Office

Developer: Capovilla Management LLC / John Bonner, Allen Emmel / 702-807-8387

Leasing Agent: Prudential Americana Group / Wesley Drown, Ian Richie / 702-614-1197

Architect: Moser Architecture Studio

General Contractor: SR Construction

Date Built: 1st Quarter 2008





Major Tenants: Bright Futures Pediatrics

COMMENTS: This Class A medical office building is a three-story shell frame with covered parking5 per 1,000, gurney size elevator, Fiber Optic IT backbone, security system, emer-gency power/med-gas capable, HVAC units and landscaping. The property is adjacentto St. Rose Dominican Hospital-San Martin Campus.

http://www.nextgensolutions.com

http://www.TheArroyo.com


SO

UTH

WES

T

The Arroyo Corporate CenterI-215 & Buffalo Dr.27

Type: Office

Developer: EJM Development Co. / Kirk Boylston / 702-597-1852

Leasing Agent: CBRE / Randy Broadhead / 702-369-4800

Architect: JMA

General Contractor: Martin-Harris Construction

Date Built: Dec-07




Asking Rates: $2.35 SF MG

Major Tenants: Stantec Engineering

COMMENTS: The Arroyo Corporate Center offers a full spectrum of business location options in-cluding Class A office buildings ranging from two- to six-stories, single-story officeand industrial buildings. The 450-acre project will provide tenant satisfaction in astate-of-the-art corporate environment.

Buffalo/215 Business ParkBuffalo Dr. & Post Rd.28

Type: Mixed-Use

Developer: Real Estate Group Nevada / Lee Phelps / 702-367-3000

Leasing Agent: Colliers International / Pat Marsh / 702-735-5700


General Contractor: Mission Completed Contractors of Nevada

Date Built: 1st Qtr. 2008




Asking Rates:

Major Tenants:

COMMENTS: Located just North of the I-215 Beltway at Buffalo and Post, this 271,301 SF industri-al and office park is located in Las Vegas' emerging technology corridor. It will consistof eight office buildings and 24 industrial buildings each with private parking. Build-to-suits available.

Arroyo Industrial Phase II6625 Arroyo Springs St. 7575 W. Sunset Rd. 6560 Tiago29

Type: Industrial

Developer: EJM Arroyo North II Property, LLC

Leasing Agent: Colliers International / Spencer Pinter / 702-735-5700

Architect: RGA Architects

General Contractor: LM Construction

Date Built: Jun-07

Status: Completed



Asking Rates:Major Tenants: Cort Furniture, Long Building Environments, AVA

COMMENTS: Arroyo North Phase II is comprised of three buildings totaling 309,000 SF. Build-ing 4 includes exposure to I-215, divisibility to 21,400 SF, 30’ clear height, officesbuilt-to-suit and dock and grade level loading. Buildings 5 and 6 include spacesdivisible to 5,800 SF, 22’ to 24’ clear heights, dock and grade level loading andoffices built-to-suit.

The Arroyo-Single StoryTenaya Wy. & Warm Springs Rd.26

Type: OfficeDeveloper: EJM Development Co. / Kirk Boylston / 702-597-1852Leasing Agent: Colliers International / Tom Stilley, Taber Thill, Dean Kaufman 702-735-5700Architect: JMA / Lee & Sakahara ArchitectsGeneral Contractor: LM ConstructionDate Built: Mar-08Status: Under ConstructionProject Square Footage: 138,690Development Acreage: 450.00Asking Rates: $1.65 NNNMajor Tenants: Bright Futures Pediatrics

COMMENTS: The Arroyo will provide an environment for companies to relocate their businessesinto the growing southwest corridor of the Valley. The buildings are part of a 450-acremaster-planned business park that will offer more than 5 million SF of mixed-use de-velopment including office, restaurant, financial services and retail.

Tenaya Quail Commercial Center6620 - 6675 S Tenaya Way31

Type: Office

Developer: Jonny Ribeiro Builders, LLC / Jonny Ribeiro

Leasing Agent: Ribeiro / Dan LaLibierte, Margie Campobasso / 702-798-1133

Architect: Kevin Bartlett

General Contractor: Jonny Ribeiro Builder

Date Built: Jul-06

Status: Completed



Asking Rates: Office $1.85 MG / Warehouse $.89 MG / Retail $2.60 MG

Major Tenants: BMW Motorcycles, Xyience, BJ's Cocktail Lounge

COMMENTS: Premiere landscaping, stone facades, excellent location fronting I-215

Park West6365, 6385, 6425 & 6445 Montessouri St.30

Type: Industrial

Developer: Panattoni Development Company, LLC / Jason Kuckler / 702-269-1360

Leasing Agent: Colliers International / Dan Doherty / 702-735-5700


General Contractor: Panattoni Construction Co.

Date Built: Sept-07

Status: Completed



Asking Rates: $130 - $180

Major Tenants: JMAC, Interstate, Cliffpoint Investments, Quality Transportation

COMMENTS: This +/-208,000 SF industrial project, consisting of five individual buildings, was pre-sold prior to construction commencement. The concrete tilt-up buildings have 30'clear height, ESFR sprinkler systems, ample parking and dock and grade level load-ing doors.



SO

UTH

WES

T

Rainbow Sunset Pavilion6315 S Rainbow Blvd.32

Type: Office

Developer: PLISE / Jon Field / 702-871-4065

Leasing Agent: CBRE / Randy Broadhead , Brad Peterson / 702-369-4800

Architect: Vedelago Petsch Architects

General Contractor: Plise Development & Construction

Date Built: Apr-07




Asking Rates: $2.85 FSGMajor Tenants: First National Bank, Ameriprise Financial, Starbucks,and The Cracked Egg

COMMENTS: Centrally located between Summerlin and Green Valley with convenient I-215 beltwayaccess, Rainbow Sunset Pavilion uniquely combines true Class A professional andmedical office with an abundant mix of retail amenities in one master-planned com-mercial center.

Rainbow Corporate Center6252 S Rainbow Blvd.33

Type: Office

Developer: Investment Equity Developer / Dave Inman / 702-871-4545

Leasing Agent: Investment Equity Builders / Bob Hommel / 702-871-4545



Date Built: Spring 2007




Asking Rates: Sales Price $220-$295

Major Tenants:

COMMENTS: This 65,000 SF office development was developed in two phases with units for salefrom 2,500 to 15,000 SF. These attractive buildings feature 5:1000 parking and anoutstanding location in close proximity to the I-215 Beltway, three new hospitals, andseveral new large office/retail developments.

Spanish Trail Business Park4950-4974 S Rainbow Blvd. & 6827-6795 W. Tropicana Ave.34

Type: OfficeDeveloper: Investment Equity Development / 702-871-4545 / Dave Inman702-871-4545Leasing Agent: Investment Equity Builders / Bob Hommel / 702-871-4545Architect: Indigo ArchitectsGeneral Contractor: Investment Equity BuildersDate Built: Jul-07Status: CompletedProject Square Footage: 76,400Development Acreage: 7.50Asking Rates: Sales price $230-$255 SF Major Tenants:

COMMENTS: This 76,000 SF mixed-use development consists of 10,000 SF of retail for leasefronting Rainbow, and an office campus of 11 buildings for sale with color readerboard signage on both Tropicana and Rainbow. The office units range from 2,050-10,000 SF and feature easy access to the Southwestern Valley including three newhospitals and the 215 beltway.

Post Business ParkPost Rd. & Jones Blvd.35

Type: Industrial

Developer: Off Broadway, LLC / David Frear / 702-836-3735

Leasing Agent: Colliers International / David Frear / 702-836-3735

Architect: John Burke

General Contractor: Nevada Building & Development





Asking Rates: 185 SF

Major Tenants:

COMMENTS: Freestanding Industrial building for sale ranging in size from 5,360 to 15,676 SF.

mailto:[email protected]


http://www.cbre.com/bdbc


SO

UTH

WES

T

Beltway Business Park5070 and 5170 Badura Ave.36

Type: Office/FlexDeveloper: Thomas & Mack Development Group / Majestic Realty Co.Nicola Fryatt / 702-260-1008Leasing Agent: Thomas & Mack Development / Rick Myers, Nicola Fryatt 702-260-1008Architect: KKE/HFTA ArchitectsGeneral Contractor: Martin-Harris ConstructionDate Built: Nov-07Status: Under ConstructionProject Square Footage: 30,498 / 36,189 Development Acreage: 6.49Asking Rates: $1.60 NNNMajor Tenants:

COMMENTS: Beltway Business Park is a 400-acre master-planned business park located on thesouthern side of the I-215 Beltway between Jones and Decatur. At build-out the parkwill include 5,000,000 SF of office, distribution and retail facilities. 5070 and 5170Badura Avenue are single-story flex buildings totaling 66,700 SF.

Beltway Business Center - Buildings 6, 7 & 86975 Decatur Blvd. 7055 Decatur Blvd. 7135 Decatur Blvd.37

Type: Industrial

Developer: Thomas & Mack Development Group / Majestic Realty Co.

Nicola Fryatt / 702-260-1011

Leasing Agent: Majestic Realty Company & Valley Realty / Rod Martin / 702-896-5564

Architect: Commerce Construction

General Contractor: Commerce Construction

Date Built: 3rd Qtr. 2007

Status: Completed

Project Square Footage: 212,500 / 315,000 / 328,250


Asking Rates: $0.65 - $0.80 NNNMajor Tenants: Brady Industries, Nevada Power Company

COMMENTS: This project is in the third phase of industrial buildings at Beltway Business Park, 400-acre master-planned business park in the Southwest Submarket. This phase will fea-ture a building fronting Badura Avenue divisible to 15,000 SF, allowing quasi-retail,showroom environment.

or more than 40 years, UnitedHealthcare hasworked to make the healthcare experience betterfor everyone involved, including the more than

110,000 Nevadans it serves today.A major part of enhancing Nevada’s healthcare system re-

volves around keeping costs under control. About 16 percent ofAmerica’s gross domes-tic product is spent oncosts related to health-care, and that percent-age climbs every year.

Many factors con-tribute to rising costs, such as more people using medical ser-vices, advancements in medicine and the rapidly increasingprice of prescription drugs. Add the growing number of olderAmericans and you can see why it’s becoming more difficultfor families and businesses to afford health coverage.

UnitedHealthcare is working to keep healthcare affordable andmore accessible through innovative technology, forward-thinkingplans and a variety of products and services that help peopletake a more active role in their own health and well-being. Witha national network of more than 535,000 physicians and 4,700

hospitals, UnitedHealthcare has designed programs that helppeople get the right care at the right place at the right time. Thecompany organizes access and coverage for medical services,prescription drugs, medical devices and diagnostic testing at thebest possible cost. It also offers wellness programs and supportto help people stay healthy and use medical care more wisely.

The safety of its mem-bers and quality of care arepriorities for UnitedHealth-care, which is why thecompany has investedmore than $3 billion in new

technology, such as an electronic ID card that automaticallyupdates a member’s health records and makes it easier forpatients and providers to access this information. The elec-tronic record system also streamlines administrative workand helps control costs.

To help members make more informed choices, the company de-veloped the UnitedHealth Premium program. This program identifiesphysicians who follow evidence-based guidelines for quality of careand ranks hospitals based on major complication rates, mortalityrates and patient safety processes for more than 50 procedures.

UnitedHealthcareBringing Affordable Healthcare to Nevada

F

“A major part of enhancing Nevada’s healthcare system revolves around

keeping costs under control.”


Corporate Gateway III at Beltway Business Park6770 Edmond St.38

Type: OfficeDeveloper: Thomas & Mack Development Group / Majestic Realty Co.Nicola Fryatt / 702-260-1008Leasing Agent: Thomas & Mack Development / Rick Myers, Nicola Fryatt 702-260-1008Architect: KKE/HFTA ArchitectsGeneral Contractor: Martin-Harris ConstructionDate Built: Jan-08Status: Under ConstructionProject Square Footage: 72,283Development Acreage: 4.23Asking Rates: $2.45 MGMajor Tenants:

COMMENTS: Beltway Business Park is a 400-acre master-planned business park located on thesouthern side of the I-215 Beltway between Jones and Decatur. At build out, the parkwill include 5,000,000 SF of office, distribution and retail facilities. Corporate GatewayIII, 6770 Edmond Street is a 72,000 SF Suburban Class A office building that featuresdramatic architecture, efficient floor plans and sophisticated interior finishes.

Decatur Crossing - Phase III4675 & 4775 W. Teco Ave.39

Type: Office/Industrial

Developer: LaPour / Jeff LaPour / 702-222-3022

Leasing Agent: Colliers International / Greg Pancirov, Mike DeLew, Kevin Collura

702-735-5700


General Contractor: TWC Construction

Date Built: Jul-07

Status: Completed



Asking Rates: $0.80 - $0.85 NNN - Warehouse $1.55 - $1.60 NNN - OfficeMajor Tenants:

COMMENTS: Decatur Crossing Phase 3 is a high image multi-use development providing flex of-fice/warehouse suites from 2,000 SF and 2nd level office suites from 1,000 SF con-veniently located at Decatur & I-215. With 4 /1,000 parking, the suite can be built-out as 100% office.

SO

UTH

WES

TJM Development’s largest undertaking to date, TheArroyo, is well underway. Set in the Southwest Valley,The Arroyo consists of more than 450 acres of pre-

mier real estate centered around a natural arroyo. Upon com-pletion, the mixed-use project will contain more than 4.5 mil-lion square feet of industrial, office and retail space.

Located on the north and south side of the I-215-Beltway be-tween Rainbow Boulevard and Buffalo Drive, The Arroyo is po-sitioned for easy access to McCarran International Airport, theLas Vegas Strip and Interstate 15. Its central location betweenHenderson and Summerlin offers an easy commute and anideal location to service both ends of the Valley.

Arroyo North Industrial, situated north of the Beltway, en-compasses 10 buildings totaling 1,013,000 square feet. PhaseII is currently leasing with Spencer Pinter of Colliers Interna-tional serving as the agent. Arroyo South Industrial, locatedsouth of I-215, will comprise seven buildings totaling 388,500square feet.

Arroyo Corporate Center, the 1.5-million-square-foot Class Aoffice component of The Arroyo, is located south of the Beltway

and will offer a walking beltway along the arroyo, with inter-connecting foot bridges and seating throughout. Phase I is cur-rently under construction with pre-leasing by Randy Broadheadand Brad Peterson of CB Richard Ellis.

The tenants of Corporate Center will benefit from the prox-imity of Arroyo Market Square, a 950,000-square-foot powercenter, slated to open by the end of 2007. Market Square willbe home to such major retailers as Wal-Mart, Sam’s Club, HomeDepot, Best Buy, Marshall’s, Sports Chalet, Ulta, Ross, Bed Bath& Beyond, and restaurants such as Mimi’s Café, Chili’s,Sammy’s Woodfired Pizza and Jason’s Deli. Kit Graski of Voit isthe leasing agent.

Arroyo South Office is located on Warm Springs and Tenaya.Phase I will consist of three single story office buildings, eachtotaling 46,230 square feet with divisibility starting at 5,330square feet. Tom Stilley and team, of Colliers International arethe leasing agents.

EJM Development is involved in all aspects of real estate de-velopment, and has projects throughout the southwest, includ-ing Nevada, California, Arizona, Utah and New Mexico.

EJM DevelopmentCreating an Arroyo in the Southwest

E


HEN

DER

SO

N

Eldorado Business Park7445, 7465, 7485 Dean Martin Dr.40

Type: Industrial

Developer: Chip Johnson / 702-732-8860

Leasing Agent: Prudential-IPG CRES / Art Farmanali / 702-547-1110

Architect: Pacific Designs

General Contractor: Affordable Concepts

Date Built: 2006-2007

Status: Completed



Asking Rates: $0.98 NNN

Major Tenants: Monaco Motor Coach, Maytag Appliances, Hardwood Floors Outlet

COMMENTS: Master-planned business park. Concrete tilt-up construction with frontage on DeanMartin Dr. Located just north of Blue Diamond Rd., the property has 5,000 SF bayswith 24' clear height and great visibility near I-15 and McCarran International Airport.

Blue Diamond Business Center - Buildings 3, 6 & 9Blue Diamond Rd. & Windmill Ln.41

Type: IndustrialDeveloper: Juliet Companies / Jason Ahlstrom / 702-368-5800Leasing Agent: CB Richard Ellis / Karolina Janik / 702-369-4800Architect: Lynn Centner & AssociatesGeneral Contractor: J & F ConstructionDate Built: 2008Status: Under ConstructionProject Square Footage: 876,850Development Acreage: 110.00Asking Rates: $0.70 Industrial $1.25 OfficeMajor Tenants: Outdoor Kitchen Concepts, Sara Lee Bakery, Las Vegas Review Journal,PODS

COMMENTS: Blue Diamond Business Center is a 110-acre master-planned business park which atcompletion, will feature approximately 1.5 million SF of industrial space. The projectconsists of mid-bay and big-box distribution buildings, as well as several build tosuits. Flex office/warehouse space is also in the planning stages.

http://www.swbnevada.com


Despite the economic slow downand rising construction costs, newindustrial development in Hender-

son has continued to increase with +/-466,132 square feet of completed con-struction and +/-754,187 square feetcurrently planned and under construc-tion development in second quarter of2007. With a positive net absorption of+/-397,940 square feet, the demand for

industrial properties continues to exceed supply in this area.Current vacancy in Henderson stands at 3.7 percent, up from

3.0 percent last quarter and compared to an overall market va-cancy of 4.4 percent. The average lease rate for industrial space inHenderson has increased $0.02 per square foot to $0.77 persquare foot NNN. A shortage of industrial land in Henderson, and ademand for more mixed-use projects will cause industrial rents tocontinue increasing.

With a limited supply of land zoned for industrial use in Hen-derson, the city is looking to the BLM to expand its borders farthersouth to ensure its long-term economic growth. Current land

prices in Henderson range from $12 to $16 per square foot forparcels under 20 acres and between $17 to $20 per square footfor larger developable parcels. At these prices, Henderson is ap-proaching lease rates and sale prices equivalent to those of thesouthwest and airport submarkets.

A number of master-planned industrial developments are cur-rently planned and under construction in Henderson that will ser-vice the needs of local and national manufacturing and distributionoperations. Conde Del Mar is under construction on 155,832square feet of office/showroom/warehouse space at Valley Free-way Center. Phase III will be completed November 2007. Leaserates will range from $0.70 to $0.75 per square foot NNN. BlevinsIndustrial Associates is under construction on +/-156,000 squarefeet at Traverse Point Distribution Center (formerly Wigwam Distri-bution Center). The building will be completed November 2007,and lease rates range from $0.60 to $0.65 per square foot NNN.Pacific Business Center will complete +/-94,937 square feet ofmid-bay space in December 2007 with lease rates ranging from$0.55 to $0.75 per square foot NNN. Gibson Wigwam BusinessCenter, will deliver +/-26,133 square feet of flex space with ask-ing rates of $0.75 to $0.80 per square foot NNN.

Henderson Industrial Submarket OverviewBy Patti Dillon, Colliers International

Patti Dillon

The Henderson office submarket isloosely defined as the area be-tween the Las Vegas Strip and

Pecos Road south of Windmill Lane, to-gether with the area east of Pecos Roadand south of Sunset Road. The sub-market currently consists of approxi-mately 7,089,075 square feet in 356buildings. This supply is up more than11.3 percent with 35 new buildings

from the previous year. As of the second quarter 2007, the vacan-cy rate was 17.20 percent. This is up from last years’ 13.20 per-cent which reflects the weak 2007 year-to-date absorption of81,000 square feet in this submarket.

Lease rates have continued to rise with the submarket’s aver-age rate on a full service basis hitting $2.46 per square foot, withmany newer projects showing rates much higher. Tenant improve-ment allowances on new projects are also starting to rise into the$45 to $50 per square foot range as the cost of constructing im-provements becomes a bigger issue in completing leases.

Current developments include: Steelhead Development’s

100,000 square feet Tuscano Medical Parc adjacent to St. Rose’sSiena Campus; the 65,000 square feet 1505 E. Wigwam Avenueproperty at Stephanie; CityScape, a 167,000 square feet develop-ment for lease or sale along the I-215 at Stephanie; the 52,000 SFPebble Place at Eastern Avenue by Anchor Development; the30,000 square feet Stephanie & I-215 Marketplace; the 125,000square feet Beltway Corporate Center at Eastern & I-215; the63,000 square feet Pecos Springs Business Park at Warm SpringsRoad; American Nevada’s under construction 135,000 square feetfour-story Class A building in Green Valley Corporate Center, whichis already 50 percent pre-leased; the 33,000 square feet ViewpointProfessional Center just completed on Eastern Avenue near Wind-mill Lane; and the six-story, 140,000 Eastgate Phase II atStephanie Avenue and Warm Springs Road.

The I-215 corridor seems to be the epicenter of activity inthis submarket. While we are seeing exciting activity in theStephanie & I-215 area, a large amount of the future growth willcertainly move west along St. Rose Parkway. Plise’s 125-acre,$2 Billion dollar City Crossing development, with more than1,000,000 square feet of office space planned appears ready toget under way.

Henderson Office Submarket OverviewBy David Flynn, Lee & Associates

David Flynn

HEN

DER

SO

N


HEN

DER

SO

N

Silver Creek Office Park9708-9816 Gilespie St.42

Type: Office

Developer: Gaming Guaranty LLC / Carolyn Petrie / 702-434-3500

Leasing Agent: Resource Realty / Carolyn Petrie / 702-434-3500

Architect: Jerry Miceli

General Contractor: Revolution Development

Date Built: May-07

Status: Completed




Major Tenants: Liberty Realty, US Funding, Cornerstone Mortgage, James Industries.

COMMENTS: South Strip. Three blocks to I-15 interchange on Silverado Ranch Blvd. INTERCHANGEOPEN. CP zoned single story garden office park - blocks east of South Point Casino. 5Buildings complete - 42,500 SF. Currently 16,000 SF Available. Upon completion, 11buildings for a total of 86,500 SF.

Henderson Quail Commercial Aviation & Air CentersExecutive Airport Dr. & St. Rose Pkwy.43

Type: Office

Developer: Jonny Ribeiro Builders, LLC/ Jonny Ribeiro

Leasing Agent: Ribeiro / Dan LaLibierte, Liz Horton / 702-798-1133

Architect: Jonny Ribeiro Builders

General Contractor: Jonny Ribeiro Builders

Date Built: Aug-07


Project Square Footage: 130,000/Total Project 700,000


Asking Rates: Office $2.00 NNN Purchase $210-$225 SF Hanger $1.50 NNN

Major Tenants: Maverick Airlines, Life Guard International

COMMENTS: Private/corporate hangar and office project

H bizctr I @ Whitney Mesa 1851 to 1891 Whitney Mesa Dr.59

Type: Office / Industrial

Developer: Hedley Construction & Management Co. / Ken Hansen / 714-437-1122

Leasing Agent: New Growth Commercial Real Estate Company / Bridget Richards

702-290-8838


General Contractor: Brooks Corporation

Date Built: Feb-07

Status: Completed



Asking Rates: $180 - $244 SF

Major Tenants:

COMMENTS: These upscale flex condos are close to US-95 and I-215, located minutes from down-town and the airport. Buildings range from 3,500 to 7,400 SF. Perfect for supply, de-sign, engineering and architectural owner-user clients.

H bizctr 2 @ Whitney MesMountain Vista St. & Whitney Mesa Dr.60


Developer: Hedley Construction & Management Co. / Ken Hansen / 714-437-1122

Leasing Agent: New Growth Commercial Real Estate Company / Bridget Richards

702-290-8838


General Contractor: Brooks Corporation

Date Built: Sept-07

Status: Completed



Asking Rates: $180 - $229 SF

Major Tenants:

COMMENTS: These upscale flex condos are close to US-95 and I-215, located minutes from down-town and the airport. Buildings range in size from 1,811 to 36,570 SF. Perfect for sup-ply, design, engineering and architectural owner-user clients.

http://bankofnevada.com


HEN

DER

SO

N

Eastgate Plaza II450 N. Stephanie St.61

Type: Office

Developer: United Insurance Company of America / Thomas & Mack Development

Group / Mike Byrne / 702-260-1008

Leasing Agent: Grubb & Ellis / David Scherer / 702-733-7500


General Contractor: Summit Builders

Date Built: Jun-08




Asking Rates: $2.45-$2.65 MG

Major Tenants:

COMMENTS: Eastgate Plaza II will be the premier Class A, mid-rise office building in Henderson.Rising six stories above the major commercial corridor along N. Stephanie St. East-gate Plaza II will be the tallest office building in Henderson and will offer breathtakingviews and the finest amenities to its tenants.

Valley Freeway Center Phase III7705, 7715 & 7735 Commercial Way62

Type: Industrial

Developer: Conde Del Mar Properties / Steve Groat / 702-856-3235

Leasing Agent: Colliers International / Greg Pancirov, Mike DeLew, Kevin Collura

702-735-5700

Architect: Ron Wilson Architecture

General Contractor: Solid Construction

Date Built: Oct-07




Asking Rates: $0.68 - $0.75 - Warehouse $1.18 - $1.35 -Office

Major Tenants:

COMMENTS: Valley Freeway Center Phase 3 is a mixture of mid-bay distribution, incubator andfreeway showroom suites. It is located in the Henderson submarket just east of theValley Auto Mall and immediately off the Auto Show Dr. off-ramp. Suite sizes start at1,900 SF with dock and 5,700 SF fronting the Freeway.

http://www.parsonswalls.com

http://www.cbre.com/lsglasvegas


Henderson Commerce Center IV - Phase IIBuildings J-N Warm Springs Rd. & Eastgate Rd.63

Type: Industrial

Developer: Harsch Investment Properties / John Ramous / 702-362-1400

Leasing Agent:

Architect: VLMK Consulting Engineers


Date Built: 2nd Qtr. 2008




Asking Rates:

Major Tenants:

COMMENTS: Henderson Commerce Center IV is a master-planned business park situated on 49acres in Henderson. The park consists of 11 buildings totaling 750,000 SF of flex/of-fice, light distribution, and distribution space. Phase II will consist of five light build-ings totaling 240,000 SF.

Pacific Business Center Phase IVGibson Dr.& American Pacific Rd.64

Type: Industrial

Developer: Voit Development Company & Northwestern Mutual Life Insurance

Company / Rich Dooley / 415-439-6120Leasing Agent: Voit Commercial Brokerage / Kevin Higgins, Garrett Toft, Steve Paravia702-734-4500


General Contractor: Burke & Associates, Inc.






COMMENTS: Pacific Business Center Phase IV is the final phase of this master-planned industrialpark. It will feature two midbay buildings of 44,338 SF and 50,599 SF with frontageon American Pacific Drive. Additionally there is a 121,380 SF front loading distributionbuilding that is divisible to 27,625 SF.

No Wires?No Problem!

702-938-8000www.AmtecNV.com

IP Telephony solutions from Mitel are full of

innovative solutions to em-power your business. Explore

the benefits of a Mitel VOIP solution withAmtec Communications

today.

Voice Over IP • Data Networks • Contact Centers Video Surveillance • Access Control

http://www.familian.org



s ROEL celebrates its 90th anniversary, it continues tothrive not only in the San Diego construction market-place where its long been a household name, but in its

newer corporate sites in Las Vegas, Bullhead City and PalmDesert. Founded on integrity, quality and trust, ROEL has been de-livering construction excellence for nine decades. Whether the jobinvolves small tenant improvements or large scale new construc-tion, ROEL provides a wide array of expertise to ensure an unpar-alleled client experience.

ROEL attributes its continued success to people, relation-ships and trust. A testament to this ongoing dedication toclient satisfaction, ROEL has nine times received the LargeGeneral Contractor of the Year award by both the AssociatedGeneral Contractors and the American Subcontractors Associ-ation. Additionally, the 2007 McGraw-Hill Engineering News-Record ranked ROEL 209 amongst the nation’s 400 largestgeneral contractors.

Launched in 1993, the Las Vegas office of ROEL Construc-tion is verging on another record setting year. Most notably,ROEL recently completed the construction of the corporate of-fices of Boyd Gaming. The complete build out of this four-

story 109,000 square-foot building includes demolition, con-crete block, structural steel, interior metal stud framing, fin-ishes, mechanical, electrical, plumbing and site work. Amongother 2006 – 2007 completed projects:

• National University campus in Henderson - This project con-sisted of tenant improvements of a new shell building. Today theuniversity boasts a new state-of-the-art 11,323-square-foot facil-ity offering computer-equipped classrooms, a full-service com-puter lab, and multi-media lecture rooms for classes, meetingsand professional rental.

• Towbin Hummer in Las Vegas - a 43,000-square-foot dealer-ship including a high-end showroom, state-of-the-art service de-partment and corporate offices.

• Dinners Ready in Las Vegas – a 1,775-square-foot kitchenand food preparation facility.

• Lamplight Square in Henderson – 900-square-foot clubhouseinclusive of a kitchen and media area as well as a swimming pooland spa.

• Runvee Hobart Clubhouse in North Las Vegas – a 13,100-square-foot community clubhouse featuring a billiard room, fit-ness room, aerobics room, saunas, cabana, and gatehouse.

ROEL Construction Co.Delivering 90 Years of Construction Excellence

A

http://cbre.com/lasvgas

http://jonesvargas.com


H Architecture is designing Cashman Equipment’snew headquarters, which consists of seven build-ings totaling over 290,00 square feet on more than

60 acres in Henderson. This project will house CashmanEquipment’s administra-tive offices, repair andmaintenance facilities,power solutions division,parts department and therental store. Upon comple-tion, Cashman Equip-ment’s buildings will beLEED Gold certified, one of only a handful of LEED certifiedbuildings in the west, and the first facility of its kind in the en-tire nation to achieve the Gold level certification.

SH Architecture’s design will take advantage of natural op-portunities for heating and cooling to reduce the buildings’ useof energy. One example is a geothermal ground loop system thatwill store excess building heat during the summer until it isneeded in the cooler months. This eco-friendly solution saves 20percent more energy than standard HVAC systems. What’s more,Cashman Equipment on a whole will save 45 percent more en-

ergy than a standard facility of this size thanks to this holisticdesign approach.

Similarly, SH Architecture is designing the new SPWB’sCampos Parole and Probation office building. This five story

7 5 , 0 0 0 - s q u a r e - f o o tbuilding located in theheart of downtown willbe replacing the existingfacility. The new CamposParole and Probation of-fice building is designedto be efficient in struc-

ture and cost. It maximizes the use of natural day lighting toreduce energy consumption and low-water-use plumbing fix-tures to minimize water usage.

SH Architecture is a leader in sustainable design and strivesto inspire clients and communities to new levels of environ-mental awareness.

The way SH Architecture does business is a reflection of thecompany’s sustainable philosophy. SH Architecture embodiesideas for sustainable solutions that meet the needs of and ed-ucate its clients.

Green Design TrendsSH Architecture Paving the Way for Greener Valley

S

Traverse Point Distribution Center880 Wigwam Pkwy.65

Type: Industrial

Developer: Interex of Nevada / Tony Olbres

Leasing Agent: Colliers International / Dave Frear / 702-735-5700

Architect: Design Build


Date Built: Jul-07

Status: Completed




Major Tenants:

COMMENTS: Freestanding state of the art distribution center situated on 9.68 acres on WigwamPkwy. This building features 4000 amps of three-phase power, 30' clear height andESFR sprinklers. It is divisible to 20,000 SF with yard and trailer storage available.

Stephanie/215 MarketplaceStephanie St. & I-21566

Type: Office

Developer: Lyle Brennan Investments / Christopher Richardson / 702-385-5999

Leasing Agent: Christopher Richardson / 702-385-5999

Architect: Pacific Design Concepts

General Contractor:

Date Built: Early 2008

Status: Planned



Asking Rates:

Major Tenants: Nevada Business Journal, ReD Report

COMMENTS: Stephanie/215 Marketplace will offer a unique mixed-use office and retail center in avery prominent location. The center will feature panorama views of the Las Vegas sky-line and have great freeway visibility.

HEN

DER

SO

N “SH Architecture’s design will take advantage of natural opportunities for heating and cooling

to reduce the buildings’ use of energy.”

http://www.roel.com


1505 E. Wigwam1505 E Wigwam Pkwy.67

Type: Office

Developer: Wilo West Investment Partners III, LLC

Leasing Agent: CBRE / Jan Hoback, Carla Cole, Bruce Follmer / 702-369-4800

Architect: Valentiner Crane

General Contractor:

Date Built: 4th Quarter 2007





Major Tenants: Nevada Orthopedic & Spine Center, Matt Smith Physical Therapy,

Advanced Prosthetic and Orthopedics

COMMENTS: 65,000 SF medical office building located on the new HCA Hospital Campus to be con-structed at Stephanie St. & I-215.

The District at Green Valley Ranch120 & 170 S Green Valley Pkwy.68

Type: Office

Developer: American Nevada Company / Charles Van Geel / 702-458-8855

Leasing Agent: American Nevada Company / Charles Van Geel / 702-458-8855

Architect: JMA


Date Built: May-06

Status: Completed




Major Tenants: First Comp Insurance, Silver State Bank, Charles Schwab,

Dunbar Commercial

COMMENTS: Main lobbies in the second and third floors of these buildings incorporated naturalstone flooring, wood paneling, classically detailed light fixtures, original artwork andlive plants, creating a sense of elegance upon arrival.

HEN

DER

SO

N

http://www.affordableconcepts.com

2360 Corporate Circle2360 Corporate Circle Dr.69

Type: Office

Developer: American Nevada Company / Charles Van Geel /702-458-8855


Architect: TKC Design PC


Date Built: Jun-06





Major Tenants: Vegas, Showbiz & In-Business Magazine, associated with Greenspun

Media Group

COMMENTS: 2360 Corporate Circle is designed to meet the needs of high profile tenants in a four-story, Class A building. Targeted for LEED certification, this project offers adjacentstructural paring, sleek elevations and sophisticated interior features. Expansive valley views, freeway visibility and amenities.

Venture Carmichael Plaza Horizon Ridge Pkwy. & Carmichael Way70

Type: OfficeDeveloper: Venture Corporation Las Vegas / Ryan Gould / 702-341-8809 Leasing Agent: Venture Corporation Las Vegas / Ryan Gould / 702-341-8809 Architect: PGALGeneral Contractor: Lusardi ConstructionDate Built: May-08Status: Under ConstructionProject Square Footage: 60,000Development Acreage: 4.5Asking Rates: $2.00-$2.25 NNN / $260 For Sale ShellMajor Tenants:

COMMENTS: Venture Carmichael Plaza is a Class A design, 60,000 SF, two-story building in Hen-derson (Southeast Las Vegas) ideal for medical, dental and professional offices rang-ing in size from 1,500 to 4,500 SF. Venture Carmichael Plaza is located in the heart ofGreen Valley Ranch, surrounded by residential and commercial retail, including theDistrict at GVR and the Green Valley Ranch Resort/Casino.

HEN

DER

SO

N


http://www.bergelectric.com


Tuscano Medical Parc 10521-10581 Jeffereys St.71

Type: Office

Developer: Steelhead Development, Inc. / Argo Corporation

Leasing Agent: Lee & Associates / Chuck Witters / 702-739-6222

Architect: Gerald Garapich

General Contractor: Steelhead Development

Date Built: Aug-06




Asking Rates: $2.00 SF NNN

Major Tenants:

COMMENTS: Park like grounds, Tuscany Mediterranean architecture, five single-story buildingsfrom 7,750 SF to 12,000 SF extensive use of Italian tile in building common areas,generous tenant improvement allowance.

Beltway Corporate Center- Phase II 8965-8985 Eastern Ave.72

Type: Office

Developer: DSA Development / Daryl Alterwitz / 702-735-0061

Leasing Agent: CBRE / Randy Broadhead / 702-369-4800



Date Built: Dec-06





Major Tenants: Kimball Hill Homes, Ford Motor Credit

COMMENTS: Beltway Corporate Center is a professional office development that will be comprisedof two three-story buildings totaling +/- 128,000 SF. Convenient location off the I-215at Eastern Avenue offering freeway visibility, accessibility and within minutes of Mc-Carran Airport.

Brian Berg949-439-7872

[email protected]

S P E C I A L I Z I N G I N :• Commercial Business Complexes• Homeowners Associations• Master Associations• Planned Unit Developments• Condominium Complexes• Apartment Complexes• High Rises• Lessors Risk Exposures

Nevada10161 Park Run Dr., Ste. 150Las Vegas, NV 89145702-835-6984

California23661 Birtcher Dr.Lake Forest, CA 92630949-243-0899

HONESTY • CUSTOMER SERVICE • INTEGRITY

HEN

DER

SO

N


Viewpointe Professional Office Center III8235 S. Eastern Ave.74

Type: Office

Developer: Viewpointe Professional Office Center III, LLC / Chip Johnson

702-732-8860

Leasing Agent: Lee & Associates / Chuck Witters, David Flynn / 702-739-6222

Architect: Perlman Architects


Date Built: 2007

Status: Completed




Major Tenants:

COMMENTS: Class A corporate style office park environment with high visibility located bymajor arterial and close to McCarran Airport. Four two-story office buildings,professionally decorated with air conditioned garages, document storages on-siteand covered parking available.

Pebble Place Business Center 2190 & 2140 E Pebble Rd.73

Type: OfficeDeveloper: Anchor Development, Inc / James Wilmot / 702-253-7600Leasing Agent: Colliers International / Suzette La Grange, Ryan Martin, Chris Jensvold702-735-5700Architect: James E. StrohGeneral Contractor: TWC ConstructionDate Built: Apr-07Status: CompletedProject Square Footage: 51,928Development Acreage: 3.85Asking Rates: $1.80-1.90 NNNMajor Tenants: Anchor Development, Dr. Craig Hamilton, James E. Stroh Architect, Inc.,Skywire Media

COMMENTS: Pebble Place Business Center, Pebble Place features two two-story buildings totalingalmost 52,000 SF with a lushly landscaped courtyard and highly upgraded lobbyareas, as well as unparalleled conveniences within the Eastern & I-215 area. Suitesare available from +/- 1,000 SF. Full floor space is available.

HEN

DER

SO

N



N E V A D A B U S I N E S S J O U R N A L A D V E R T O R I A L

While the homegrown Gatski Com-mercial Real Estate Services hasmore than 4 million square feet in

its portfolio, clients continue to receive per-sonalized services not often found at otherlarge firms.

“All of our services are customized, wecan sit down and figure out what is best forand with the client,” said Frank Gatski, CPM,CCIM, president of the Las Vegas-basedGatski Commercial Real Estate Services.

Leasing has become a large part of whatthe company does, much of it from theground up for local developers.

Richard Crighton, partner in Nevada-based RCS Development, is working withGatski Commercial Real Estate Services onthe leasing and property management ofthree ground-up retail centers in SouthernNevada. Crighton was referred to GatskiCommercial by another broker and said hewas immediately attracted by the company’s

expertise. “Gatski Commercial provesevery day that their effort will not stop untilthe projects are leased. They are the defin-ition of persistence,” Crighton said.

As Gatski Commercial continues togrow, it hasn’t lost sight of its core busi-ness and the heartbeat of the company:property management.

Charleston Pavilion, LLC retained Gatski Commercial as its property man-agement company for Pavilion, a154,000-square-foot Class A office build-ing at 10801 W. Charleston Blvd. in theSummerlin Centre.

Jason Awad and Iain Finlayson of Pavil-ion welcomed Gatski Commercial Real Es-tate Services to the management role.

“Gatski Commercial has a reputation forcredibility, reliability and integrity,” Awadsaid. ”Also, as long-time Las Vegas resi-dents, we especially like the fact that thecompany is locally owned.” Finlayson said,“Frank and his staff seem focused on re-sults, and we like that."

Ken Kirchmeyer, president of theHawaii-based Kirchmeyer DevelopmentCorporation owns approximately 64,000square feet of commercial space inSouthern Nevada. “Frank Gatski and hisstaff have done an excellent job in

managing our three buildings and wehave all become good friends,” Kirchmey-er said. “The ‘Gatski Team’ has workedhard to keep our buildings in repair andlooking nice; they have a good relation-ship with our lessees and keep a very lowto mostly zero vacancy factor. They alsoprovide excellent monthly financial state-ments, accounting for every dollar. If therewas an award of five stars for the bestmanagement company in Las Vegas, weare sure that it would be given to GatskiCommercial Real Estate Services.”

Gatski Commercial has developed sys-tems and procedures to handle a variety ofservices in-house that many competitorstend to outsource, such as landscaping,building maintenance, emergency re-sponse, mold remediation and a new busi-ness brokerage service.

“It’s always been my experience in thisbusiness, that you are only as good as thepeople you have working for you,” Gatskisaid. The company will soon debut morein-house services, bringing more addedvalue for clients.

GATSKI COMMERCIAL REAL ESTATE SERVICES

From left, Lannie Neal, Sharon Strehlow, Frank Gatski, Rob Lujanand Jason Simon of Gatski Commercial Real Estate Services

Gatski Commercial Real Estate Services

4755 Dean Martin DrLas Vegas, NV 89103

(702) 221-8226www.gatskicommercial.com

From Left: Lannie Neal and Frank Gatski of Gatski Commercial pictured with clients Iain Finlayson and Jason Awad of Pavilion.

Inc. magazine recently named Gatski Commercial as one of the 5000 Fastest Growing Private Companies in America.

Fast-growing company expands scope of services


Pecos Springs Business Park7395 S. Pecos Rd.75

Type: Office

Developer: Pecos Springs LLC / Chip Johnson / 702-732-8860

Leasing Agent: Commercial Executives / Soozi Jones Walker, Bobbi Miracle

702-316-4500

Architect: Perlman


Date Built: 1st-2nd Quarter 2008





Major Tenants:

COMMENTS: $40 SF tenant improvement alowance with the HVAC and concrete on the shell. Thebeautiful center is being developed with nine buildings. Stone accents, great parkingratios, and easy access into the center from Pecos or Warm Springs. Covered Parkingwill be available.

Shea at Sunset3602-3656 E. Sunset Rd.76


Developer: SAXA, Inc / Lucinda Stanley / 702-592-1196

Leasing Agent: Prudential-IPG CRES / Darlene Sandri / 702-363-7600

Architect: DFD Cornoyer Hedrick

General Contractor: Caviness Construction Company

Date Built: Jul-07

Status: Completed



Asking Rates: For Sale $200-$225 SF

Major Tenants: The International School of Hospitality, General & Geriatric Psychiatry by

Dr. Ngo

COMMENTS: Industrial / Office 10-acre mixed-use park with 118,000 SF. A few opportunities re-maining for 1,250 to 5,100 SF office suites to purchase. Construction complete, beau-tiful architecture. Located close to McCarran Airport, 215 Beltway & I-15. Attractive-ly priced from $200 SF Gray Shell or $270 SF for a built-out office.

avilion, a 154,000-square-foot class A office build-ing at 10801 West Charleston Blvd. in Las Vegas, isthe jewel of Summerlin Centre, a 400-acre commu-

nity being developed by The Howard Hughes Corp.The area surrounding Pavilion will include office buildings,

condominiums, homesand shopping withinclose proximity to the I-215 Beltway.

A number of high pro-file tenants will office atPavilion, including CityNational Bank, FertittaEnterprises, UBS, TD Ameritrade, Harris & Associates, Hill In-ternational, Station Casinos and others.

Jason Awad of Charleston Pavilion, LLC said Pavilion wasoriginally conceptualized as two three story buildings. Awadwent through the rezoning process for a six story structure onthe site in order to better spotlight some of the building’s focalpoints, which include spectacular views and balconies. “Ourgoal was for a building that would be loved by the communi-ty with architectural elements that were truly Class A in every

way,” he said, referring to the natural stone and stunningglass frontage.

Awad’s long-time colleague Iain Finlayson serves as man-aging director of Pavilion, overseeing tenant coordination,leasing and overall management. “Iain understands that

Pavilion is not just abuilding to our tenantsand he ensures thatclients are receivingClass A service,” Awadsaid. “Iain pays great at-tention to important de-tails and is a big reason

for the success of Pavilion.”Charleston Pavilion, LLC plans to develop other office and

retail projects in the Summerlin Centre area. “The area is veryhot and the demand is certainly there,” Awad said. “Sum-merlin Centre is a premiere location in Southern Nevada. Wecertainly would like to have the opportunity to do more workin that area.” He added that they are also looking to developa Class A office building on the southwest side of Las Vegas,near the Buffalo/Durango corridor.

Pavilion Shines In Summerlin Centre

P

“Our goal was for a building that would be loved by the community with architectural elements

that were truly Class A in every way.”

HEN

DER

SO

N

http://www.AmericanNevada.com

1 MCC-5 Marnell Corporate Center 2 Town Square3 3883 Howard Hughes Pkwy.4 701 Shadow Lane Office Building5 Molasky Corporate Center6 Shea at Tenaya Village7 Venture Centennial Hills Center8 Cheyenne Fairways Business Center9 Las Vegas Tech Center II10 Parkway Pointe11 Pavilion12 Stone Canyon Professional Park 13 The Gardens Plaza14 Venture Hualapai Pavilion Commons15 Venture Professional Center Ft. Apache16 Manhattan West17 Desert Canyon Business Park18 LaPour Corporate Center19 The Park at Spanish Ridge20 Discovery Gateway Park21 Copper Pointe Business Park22 Durango Village23 Village Business Park located in The West Village24 Durango Warm Springs Medical25 MacFarlane Medical Center26 The Arroyo-Single Story27 The Arroyo Corporate Center28 Buffalo/215 Business Park29 Arroyo Industrial Phase II30 Park West31 Tenaya Quail Commercial Center32 Rainbow Sunset Pavilion33 Rainbow Corporate Center34 Spanish Trail Business Park35 Post Business Park36 Beltway Business Park37 Beltway Business Center - Buildings 6, 7 & 838 Corporate Gateway III at Beltway Business Park39 Decatur Crossing - Phase III40 Eldorado Business Park41 Blue Diamond Business Center - Buildings 3, 6 & 942 Silver Creek Office Park43 Henderson Quail Commercial Aviation & Air Centers44 NorthPort Business Center, Phase III & IV45 Cheyenne Commerce Center - Phase II46 Civic Center Corporate Park47 ProLogis Park North at North Las Vegas - Building 348 The Park at Northpointe49 Cannery Commerce Center50 Golden Triangle Industrial Park - Building F & G51 Camino al Norte Office Park52 Aliante Corporate Center53 Centennial Pkwy. & Mt. Hood St.54 VenturePointe Speedway Commerce Center55 Speedway Commerce Center - Phase II56 Northern Beltway Industrial Center - Buildings A & B57 Cheyenne Industrial Center58 NorthEast Crossing Commerce Center59 H bizctr I @ Whitney Mesa 60 H bizctr 2 @ Whitney Mesa 61 Eastgate Plaza II62 Valley Freeway Center Phase III63 Henderson Commerce Center IV - Phase II64 Pacific Business Center Phase IV65 Traverse Point Distribution Center66 Stephanie/215 Marketplace67 1505 E. Wigwam68 The District at Green Valley Ranch69 2360 Corporate Circle70 Venture Carmichael Plaza 71 Tuscano Medical Parc72 Beltway Corporate Center- Phase II73 Pebble Place Business Center74 Viewpointe Professional Office Center III75 Pecos Springs Business Park76 Shea at Sunset77 Arrowhead 2178 Tuscano Professional Parc79 Venture Commerce Center80 Pama Lane Business Park81 Equipment Management Technology Center82 740 @ Hughes Airport Center83 Sunset Pilot Plaza

http://www.landiscor.com

http://www.enavigator.com


Currently, the north offers about720,000 square feet total of ex-isting office space, this is twice

the amount of existing square feetfrom the previous year. About 35 percent remains vacant andthere is another 80,000 square feet under construction. The pastcouple of years have shown increases in interest rates, con-struction costs and land values. During that time, many develop-ers were still able to take advantage of the north’s less expensiveland. Developers are still anticipating that many small officeusers will come from future housing developments such as themaster-planned community Aliante. This combined with the cur-rent attraction of affordable housing and the city’s redevelopmentplans, North Las Vegas is in a great position for future absorp-

tion. Many present business owners do not live in the North LasVegas area and have not yet realized the opportunity that existsto service the rapidly growing population in the area. Sales pricesfor free standing office buildings in the north are currently be-tween $185 and $230 per square foot. Rental rates are at an av-erage of $2.58 per square foot, full service gross. This is up about10 percent from the previous year.

Some notable projects in the area include Centennial Corpo-rate Center by Plise, a three-story Class A building for lease locat-ed just west of US 95 and Ann Road. The Park at Northpointe byPLISE is located on Martin Luther King Boulevard between Craigand Alexander roads. First phase of construction is finished andupon completion, the project will total approximately 100,000square feet.

North Las Vegas Office Submarket OverviewBy Chris Jensvold, Colliers International

Chris Jensvold

T he North Las Vegas submarket isbordered by Lake Mead Boule-vard to the south, Decatur Boule-

vard to the west, Nellis Boulevard tothe east and extends beyond the I-215Beltway to the north. As of the secondquarter 2007, the submarket consistsof nearly 27.8 million square feet ofindustrial space, which representsmore than 29 percent of all industrial

space in Southern Nevada. Over the past year, the vacancy ratein North Las Vegas increased slightly from 3.9 percent in thesecond quarter 2006 to 4.8 percent at the end of the secondquarter 2007. Approximately 1.3 million square feet of space isvacant. North Las Vegas is the most active industrial submarketin Southern Nevada with 40 percent of all net absorption occur-ring in the North Las Vegas area.

Industrial space in North Las Vegas is occupied by major dis-tribution or manufacturing companies that service the entirewest or southwest United States. Over the past year, many com-panies that service the local market have expanded or relocated

to North Las Vegas. Lease rates have increased an average of 15percent over the last 12 months with rates for distribution spaceat $0.42 to $0.50 per square foot per month net, $0.60 to $0.70square foot per month for mid-bay dock-high space, and $0.75to $0.90 square foot per month net for flex and incubator type in-dustrial space. The lease rates in the North Las Vegas area are 20percent less than the rates in the Southwest submarket due tothe lower land costs in North Las Vegas. However, over the last12 months, asking prices for land in North Las Vegas are around$12 per square foot from $6.00 to $8.00 per square foot in early2005, to more than $10.00 per square foot in many locations.Many developers still find it hard to pencil industrial warehousebuildings given the high land values and construction costs.

North Las Vegas is well positioned to take advantage of ten-ants leaving the Southwest and Airport submarkets where spaceis more expensive and new inventory is limited. With more than1.2 million square feet under construction and 2.4 million squarefeet planned, tenants will find a nice selection of alternatives inNorth Las Vegas over the next 12 months. However, with 2.8 per-cent vacancy rates in North Las Vegas distribution space, theywill have to wait for new product to be completed.

North Las Vegas Industrial Submarket OverviewBy Suzette La Grange, Colliers International

Suzette La Grange

“Developers are still anticipating that many small office users will come from future housing developments such as the

master-planned community Aliante.”

NOR

THLA

SVE

GAS




NorthPort Business Center, Phase III & IV3525, 3575 & 3675 W. Cheyenne Ave.44

Type: Office

Developer: Jackson-Shaw Company / Ralph Murphy / 702-732-7400

Leasing Agent: Grubb & Ellis / David Scherer / 702-733-7500



Date Built: Jun-06

Status: Completed

Project Square Footage: 1-33,009 / 2-33,009 / 3-29,067


Asking Rates: Phase III - $1.35 NNN Phase IV - $1.60 NNN

Major Tenants: Jaynes Corporation, Payroll Solutions, MTS Cabinets

COMMENTS: NorthPort Business Center was designed with varying clear heights, parking ratios,overhead door availability, etc. In an effort to accommodate many business uses. PhaseIII is (2) single-story office/flex buildings totaling 66,000 SF. Phase IV is the only two-story Class A office building located within the Cheyenne Technology Corridor.

Cheyenne Commerce Center - Phase II720 & 730 Cheyenne Ave.45

Type: Industrial


Leasing Agent: Harsh Investment Properties

Architect: VLMK Consulting Engineers


Date Built: Oct-06

Status: Completed



Asking Rates: $0.85-$1.45 Net

Major Tenants: Silver State Helicopters, Staffmark, City Mortgage

COMMENTS: Cheyenne Commerce Center Phase II is an office/warehouse property featuring customdesigned suites of "hi-tech" flex space. Cheyenne Commerce Center Phase II offersunits ranging in size from 873 to 5,775 SF with 18' clear height in Building B, as wellas grade level and dock high loading doors.

Civic Center Corporate Park3858 & 3868 Civic Center Dr.46

Type: Industrial

Developer: Panattoni Development Company / Ben Campbell / 702-269-1360

Leasing Agent: CB Richard Ellis / Donna Alderson, Greg Tassi / 702-369-4800

Architect: Tectonics Design Group


Date Built: Nov-07




Asking Rates: $1.70 - $1.75

Major Tenants: Pape Rents

COMMENTS: Available for delivery in the 4th quarter of 2007, this M-2 zoned +/-14-acre master-planned business park will include 4 buildings from +/-16,000 to +/-100,000 SF insize. The high image concrete tilt-up buildings will include features like an 18' to 30'clear height, a 48' truck apron, ESFR sprinkler systems, and ample 277/480 3-phasepower service.

NORTH

LASVEGAS


ProLogis Park North Building 163837 Bay Lake Trail47

Type: Industrial

Developer: ProLogis Trust / Pat Welsh / 702-891-9292

Leasing Agent: Colliers International / Suzette La Grange, Dan Doherty

702-735-5700

Architect: Blakely, Johnson & Ghusn Inc.

General Contractor: United Construction Company

Date Built: 3rd Qtr. 2007

Status: Completed

Project Square Footage: 2,100,000


Asking Rates: TBD

Major Tenants: Bed Bath & Beyond, CDW Corp., Pride Mobility

COMMENTS: Prologis Park at North Las Vegas is a 2.1 million SF - 102-acre master-planned indus-trial park. Building 16 is a cross-dock, concrete tilt-up building divisible to units of ap-proximately 52,000 SF. Additional buildings are planned and build-to-suit opportunitiesare available within the park.

The Park at Northpointe4040-4130 Martin Luther King Blvd.48

Type: Office

Developer: Glen, Smith & Glen Development / Kenneth Smith / 702-212-9400

Leasing Agent: Colliers International / Jimmy Marsh / 702-735-5700

Architect: Perkowitz & Ruth Architects

General Contractor: SR Construction

Date Built: Nov-06

Status: Completed



Asking Rates: $1.85-$2.05/ SF NNN / $185-$205/ SF Shell for Sale

Major Tenants: Pain Wellness Center, Pentagon Studios, TLC Dental

COMMENTS: The Park at Northpointe is a 9.37-acre development featuring 18 single-story buildingsranging from 4,200 to 7,200 SF and are for sale or lease. Features include sophisticat-ed architectural style with stone exterior building accents. Property located at the cen-ter of North Las Vegas’ retail corridor on Martin Luther King Boulevard and Craig Road.

NOR

THLA

SVE

GAS

http://www.tradewingsconstruction.com

http://www.Dermody-Properties.com


Cannery Commerce CenterBerg St. & Craig Rd.49

Type: Industrial

Developer: SDS, LLC Development


Architect: Smith Consulting Architects

General Contractor: Lusardi Construction Company





Asking Rates: Major Tenants:

COMMENTS: Available for delivery in the 4th quarter of 2007, this M-2 zoned, 10-acre master-planned business park will include three buildings from 43,500 to 60,000 SF in size.The concrete tilt-up buildings include 18’ to 24’ clear height, 95’ to 162’ truck court,fire sprinklers and ample 277/480 volt three-phase power service. Property located onBerg Street, north of Craig Road and west of I-215.

Golden Triangle Industrial Park - Building F & GBuilding G50

Type: Industrial

Developer: Operating Engineers Funds


Architect: HPA

General Contractor: ConAm

Date Built: Jun-07




Asking Rates:

Major Tenants: Office Max, Murray Feiss Lighting, Custom Building Products

COMMENTS: The +/-108,507-SF Building F and +/-78,920-SF Building G are rear-loaded. Ameni-ties include 30’ minimum clear height, dock-high loading doors, fire system, two12’x14’ grade level doors, evaporative cooling and foil insulation.

NOR

THLA

SVE

GAS

nion Park is a 61-acre, 11-million-square-footmixed-use development located in the heart ofdowntown Las Vegas. Designed to invigorate and

dramatically enhance the downtown area, Union Park is takingshape as a “city within a city” and is considered the center-piece of downtown redevelopment. The personal legacy of LasVegas Mayor Oscar B. Goodman, Union Park remains a top pri-ority for the City of Las Vegas. It is being developed as a placefor those who live and work in Southern Nevada to dine, shop,people-watch, and enjoy its many cultural and entertainmentofferings. In the city’s historic downtown, Union Park is LasVegas’ only authentic urban center. It not only encompassesdevelopment on the immediate site, but is a part of the dy-namic Union Park District, which includes many of the city’smost significant projects, such as World Market Center, ClarkCounty Government Center, Las Vegas Premium Outlets andMolasky Corporate Center.

Union Park projects announced to date include the Lou RuvoBrain Institute, The Smith Center for the Performing Arts, WorldJewelry Center, Charlie Palmer Boutique Hotel/Condo and AC-

CESS Medical Development, which is planning to build a med-ical office and hotel. The community’s open space has beenplanned to include areas that will accommodate festivals, ex-hibits and art shows, complimenting the substantial art influ-ence of the nearby downtown arts district. Further adding tothe vitality of Union Park are hotels, restaurants, shopping, of-fice and medical facilities. A place to window shop, meetfriends for coffee or dinner, conduct business, visit an artgallery and take in a concert or the ballet, Union Park will de-liver a full-bodied urban experience never before available inLas Vegas. A true mixed-use development, Union Park definesthe very essence of downtown living and will offer a variety ofurban-style residences developed by Newland Communities.These include apartments, condominiums, street-level brown-stones and mid-rise lofts.

As Las Vegas continues to evolve past the glitz and glamourof the Strip, Union Park is destined to become a centralizingforce for the city. It is the obvious gathering place for currentand future generations of Las Vegans seeking a more sophisti-cated and progressive urban experience.

Newland Communities’ Union ParkA City Within a City

U

http://www.HarschNevada.com


Camino al Norte Office Park5105 to 5195 Camino al Norte51

Type: Office

Developer: Dr. Rick Abelson / 949-322-9038

Leasing Agent: Sun Commercial Real Estate / Cathy Jones, Logan Schrumpf

702-986-7301



Date Built: Mar-07





Major Tenants: First Commerce Bank, Remax, Town Center Suites

COMMENTS: Camino al Norte office development contains twelve commercial buildings on thesouthwest corner of Camino al Norte and Washburn. This impressive office park offersa growing community and excellent option for office use. Phase II will encompass sixnew office condominiums totaling 38,487 SF.

Aliante Corporate Center2550 Nature Park Dr.52

Type: Office

Developer: American Nevada Company / Charles Van Geel / 702-458-8855


Architect: JMA


Date Built: Sept-06

Status: Completed




Major Tenants:

COMMENTS: Architecture of this two-story Class B office building is influenced by surroundingdesert forms and environment. Exterior features include the use of vibrant stucco,stone veneers, metal canopies and sunshades. The site was designed to providemaximum views of the northern mountains and expansive Nature Discovery Park tothe south.

NOR

THLA

SVE

GAS

http://www.service1stnevada.com

http://www.pruces.com

http://www.ipglv.com


Centennial Pkwy. & Mt. Hood St.Centennial Pkwy. & Mt. Hood St.53

Type: Industrial

Developer: Centennial West, LLC / Gene Monkarsh / 310-278-1830

Leasing Agent:Architect: RGA Architects



Status: Planned


Development Acreage:Asking Rates: Major Tenants:

COMMENTS: The project is located in the City of North Las Vegas in the Northeast industrial corridor.Phase I is the first of a three phase project that has a scheduled start date for the 1stquarter of 2008. Phase I will consist of two buildings: Building 1 will be +/-72,284 SFwith a potential of eight bays and Building 2 will be +/-86,570 SF with a potential of12 bays.

Venture Pointe Speedway Commerce CenterTropical Pkwy. & Mt. Hood St.54

Type: Industrial

Developer: Venture Pointe Development / John Clement


Architect: Ware Malcomb


Date Built: 4th Qtr. 2007




Asking Rates: Major Tenants:

COMMENTS: Available for delivery in the 4th quarter of 2007, this M-2 zoned (North Las Vegas) +/-9-acre master-planned business park will include four buildings from 32,000 to 52,800SF in size.The high image concrete tilt-up buildings will include features like a 22' clearheight, dock and grade level loading, yard space, and ample 277/480 volt three-phasepower service.

NOR

THLA

SVE

GAS

t’s becoming a staple of the Las Vegas landscape: de-velopment and redevelopment projects rapidlysprawling outward and upward. More than 110 high-

rise condo, hotel, mixed-use and other major projects in LasVegas are in various stages of development. Jones Vargas hascontributed to one of Nevada’s largest redevelopment projects,the Las Vegas World Market Center (WMC).

Jones Vargas lawyer Richard Jost played a vital role in theWMC project, helping to set the stage for the redevelopmentmovement in southern Nevada. Backed by the Las Vegas Rede-velopment Agency, the WMC was made possible by a new taxincrement model developed in part by Jost and the Jones Var-gas team.

Centered around the idea that everyone wins or nothing hap-pens, the model was originally introduced to the Las Vegas Re-development Agency as a tool for developers to gain more con-trol over the WMC project. In return, both parties agreed not tocompensate the developer until the area’s property value hadimproved. The Redevelopment Agency adopted the idea and

has since seen an increase in interest from developers, thusgrowing the number of redevelopment projects in Las Vegas.

While Las Vegas works to replace the old with the new,the WMC is booming with success. The project, situated inthe heart of downtown Las Vegas, is in its third phase, withan expected completion date of 2008. Meanwhile, the cur-rent facility, a 530-room, three-million-square-foot furni-ture complex, continues to sponsor semi-annual home andhospitality contract furnishings industry trade shows at-tended by more than 100,000 national and internationalprofessionals.

“This project has rapidly evolved the furniture industry as weknow it today. If the pace continues, I believe it could join thegaming industry, becoming a driving element in Nevada’s econ-omy,” said Richard Jost.

With nearly 80 years of experience, Jones Vargas is a leaderin Nevada Law with offices in Las Vegas and Reno, Jones Var-gas offers legal services in business transactions, litigation andgovernment relations.

Jones VargasContributing to the Las Vegas World Market

I

http://www.jacksonshaw.com


Speedway Commerce Center - Phase II6949, 6957, 6963, 6969 Speedway Blvd.6120, 6140, 6160, 6190 Hollywood Blvd.55

Type: Industrial


Leasing Agent: CB Richard Ellis / Ed Aragon / 702-369-4800

Architect: Group Mackenzie


Date Built: Jun-07

Status: Completed




Major Tenants: National Dairy, Nevada Power Company, Wickes Furniture

COMMENTS: Speedway Commerce Center Phase II is an eight building industrial park featuring unitsfrom +/-3,500 to +/-11,138 SF. Units can be combined for up to 21,143 SF of space.Each of the 80 units are ready for occupancy with existing office, a minimum of onegrade level and one dock high loading door per suite.

Northern Beltway Industrial Center - Buildings A & BEl Campo Grande Ave. & Range Rd.56

Type: IndustrialDeveloper: Thomas & Mack Development Group / Rick Meyers / 702-260-1008Leasing Agent: Voit Commercial Brokerage / Kevin Higgins, Garrett Toft, Steve Paravia702-734-4500Architect: Lee & Sakahara ArchitectsGeneral Contractor: Martin Harris ConstructionDate Built: 3rd Qtr. 2007Status: Under ConstructionProject Square Footage: 188,950 / 234,836 / 134,735 Development Acreage: 21.22Asking Rates: Buildings A & B: $0.42 - $0.50 NNN / Phase C: $0.65 - $0.77 NNN$135 - $165 SFMajor Tenants:

COMMENTS: The Northern Beltway Industrial Center will be a 1,926,000 SF master-planned indus-trial park consisting of seven buildings. The first phase consists of Building A, 188,950SF, divisible to 27,022 SF; and Building B, 234,836 SF divisible to 25,168 SF. Phase Cwill consist of eight freestanding industrial buildings ranging is size from 7,894 -25,814 SF available on a sale or lease basis.

merican Nevada Company is a preeminent real estatedeveloper in Southern Nevada, specializing in the de-velopment of master-planned communities, office

parks, retail centers and mixed-use properties, with an impressivecommercial portfolio of more than 2.5 million square feet. Its suc-cess in the commercial sector can be attributed to its reputationfor delivering the finest in quality commercial space, while utiliz-ing its knowledge, speed and flexibility to meet the needs oftoday’s ever-changing business world.

In 1978, American Nevada Company developed Green Valley,the first master-planned community in Southern Nevada. Upon itscompletion, the 8,400-acre community, which is now home tomore than 75,000 people, received national accolades and wasrecognized by the Urban Land Institute as a prototype of an out-standing master-planned community.

In 1993, the company unveiled plans for Green Valley Ranch, a1,310-acre master-planned community, located just south ofGreen Valley. The community features 775 acres of residentialneighborhoods and more than 4,000 homes.

Other developments and projects include: a managing partner-ship of Silver Canyon Partnership, which developed the 1,310-acreSeven Hills master-planned community in Henderson; a partner-

ship with Del Webb Communities, Inc. to develop the 1,905-acremaster-planned community of Aliante in North Las Vegas; and apartnership with MGM Mirage and Jeanco Realty Development,LLC to master-plan a mixed-use development on approximately166 acres of land currently owned by MGM Mirage in Jean.

American Nevada Company’s signature development is The Dis-trict at Green Valley Ranch, Nevada’s first mixed-use metropolitanlifestyle center. Opened in 2004, the center features more than 70upscale retail shops, boutiques and restaurants, 88 condominiumresidences above retail, office above retail, a three-story office build-ing and two outdoor green spaces which host a variety of live enter-tainment, outdoor movies and special events throughout the year.

The newest addition to the company’s portfolio is the 134,400-square-foot office building in the company’s signature officepark, Green Valley Corporate Center which will feature a two-story atrium lobby, a combination of punched window openingswith a saw tooth pattern to create multiple corner offices and aparking garage.

Today, American Nevada Company continues to set standardsfor land use, lot sizing, configuration, product type, pricing, mar-ket research, architectural design and engineering in master-planned communities and commercial properties.

American Nevada CompanySetting the Standard

A

NOR

THLA

SVE

GAS

http://www.snwa.com


Cheyenne Industrial Center4825 & 4875 Cheyenne Ave. & 3125 & 3175 Marco St.57

Type: Industrial

Developer: Panattoni Development Company, LLC / Doug Roberts / 775-829-6112

Leasing Agent: Grubb & Ellis / Xavier Wasiak / 702-733-7500

Architect: BJG


Date Built: Aug-07





Major Tenants: Home Depot Supply, Johnstone Supply

COMMENTS: Available for delivery in the 3rd quarter of 2007, this M-1 zoned (Clark County) 26-acremaster-planned business park will include four buildings from 100,000 to 137,000 SFin size. The high image concrete tilt-up buildings will include features like 30' clearheight, a 200' truck court, a 60' truck apron, ESFR fire sprinklers and ample 277/480three-phase power service. Units available will range from 22,000 to 137,500 SF .

NorthEast Crossing Commerce Center2925, 2935, 2945, 2955, 2965, & 2975 Lincoln Rd.58

Type: Industrial

Developer: Jackson Shaw Company / Ralph Murphy / 702-732-7400


Architect: Dennis Hill Architects


Date Built: 2006

Status: Completed



Asking Rates: $120.00Major Tenants: Southwest Stone & Tile, Designer Distribution Services, ThunderPower Batteries

COMMENTS: Phase I of NorthEast Crossing Commerce Center consists of 6 freestanding buildingsfor sale with exceptional clear height allowing interior mezzanine build-out and ware-house racking systems. This development also features securable lay down yardswhich also allows exterior storage space.

NOR

THLA

SVE

GAS

housands of Southern Nevadans have heeded thecall to conserve water in the face of an ongoingdrought. Through a variety of incentive programs,

residents and businesses have saved more than 18 billion gal-lons since 2002 – even as the area’s population grew by330,000 residents.

At the same time, businesses are discovering the benefits ofsaving water through Water Efficient Technologies (WET), a pro-gram geared toward Southern Nevada’s commercial sector thathelps reduce overhead costs while realizing long-term savingson water bills.

WET offers incentives of up to $150,000 for commercialand multi-family property owners who install water-efficientdevices, such as toilet retrofits, water-efficient showerheads,waterless urinals, on-site reuse systems and cooling towerimprovements.

To qualify, customers must create at least 500,000 gal-lons of annual savings. The program allows applicants tocombine technologies and multiple business locations to

meet the threshold. Businesses also can work with theSouther Nevada Water Authority to implement custom tech-nologies that meet their business needs, then qualify for aperformance-based monetary incentive.

Consumptive-use technologies (for water not returned to thesanitary sewer system, such as landscape irrigation) earn up to$10 for every 1,000 gallons conserved annually. Nonconsump-tive-use (primarily indoor water use) technologies earn up to$2.50 for every 1,000 gallons conserved annually.

Local businesses also are eligible to participate in theSNWA’s highly successful Water Smart Landscapes (WSL)Rebate program. For grass removed and replaced withwater-smart landscaping, the SNWA will rebate businesses$2 for the first 1,500 square feet. The rebate for the con-version of grass in excess of 1,500 square feet is $1 persquare foot.

The SNWA projects a savings of 825,000 gallons of water peryear for the average 15,000-square-foot conversion to water-smart landscaping.

Southern Nevada Water Authority’sWater Efficient Technologies Program

T


Southern Nevada’s Office Market SummaryTHE OFFICE MARKET

n the second quarter of 2007,the Las Vegas Valley’s specula-tive office space vacancy rate

remained relatively unchanged from firstquarter, 2007. It increased by 0.1 per-centage points to 10.9 percent. Class Avacancy increased by 3.4 points to 10.5percent, while Class C rose by .08 pointsto 13.5 percent. The Class B vacancy ratewas 10.6 percent (down 1.1 percentagepoint) and medical space was 6.6 percent(down 1.2 points).

Office projects completed in 2007were 38.1 percent vacant. Those com-pleted between first quarter, 2003 andfourth quarter, 2006, had an average va-cancy of 15.6 percent, a decrease fromfirst quarter, 2007’s 17.3 percent. Pro-jects built between 2000 and 2002 aver-aged 4.8 percent vacant, down from lastquarter’s 5 percent. Projects built be-tween 1995 and 1999 were 5.9 percentvacant, a 0.4 percentage point decreasefrom last quarter.

The slight increase in vacancy did notaffect the average monthly asking priceof $2.51 price per square foot FSG whencompared to first quarter, 2007. In real-dollar terms, the Valley’s office rents didnot keep pace with our first quarter, 2001benchmark rates until third quarter,2006, where it has been ahead of thebenchmark ever since. The second quar-ter’s office rents were 10 percent greaterthan first quarter 2001 office rents, inreal-dollar terms.

Class A and Class B saw a rise overfirst quarter average asking rents, withthe largest increase in Class A ($0.08).The submarkets that did increase in av-erage rents were Downtown (up $0.55),North Las Vegas (up $0.10) and EastLas Vegas (up $0.07).

Office projects completed in 2007 rentedfor an average of $2.62 per-square-footper month, while those built between firstquarter, 2003 and fourth quarter, 2006 hadan average monthly asking rent of $2.49per-square-foot in second quarter, downfrom $2.72 per-square-foot in first quarter.

Second quarter office absorption

I

The Marnell Corporate Center - MCC-4 was awarded the 2007 Office Building of the Year Spotlight Award. It was developed by Marnell Properties,

designed by Marnell Architecture and built by Carson Taylor Construction Company.

reached 923,227 square feet, 89 percenthigher than that recorded in first quarter.Additionally, 1,161,934 sf of new officespace entered the market in secondquarter, down 10 percent from first quar-ter. Combined, this resulted in a muchhealthier absorption-to-completion ratioof .79 feet of demand for every foot ofnew supply, when compared to firstquarter’s ratio of .47:1.

Most of this new office space was lo-cated in the Southwest (424,896 squarefeet) submarket, followed by East LasVegas, (238,957 square feet), North LasVegas (191,412 square feet) and North-west (171,601). One of the Valley’s old-est office submarket, Downtown, sawvery few completions in second quarter(34,500 square feet), and West Centraland Henderson saw no new comple-tions. By product type, most comple-tions in second quarter were in Class C(495,868 square feet) and Class A build-ings (349,929 square feet), with 42.6

percent and 30.1 percent of the total.Forward-supply increased in second

quarter to 5,775,072 square feet from5,184,232 in first quarter, or by590,840 square feet. Like completions,most of the second quarter forwardsupply was concentrated in the South-west (3.15 million square feet). Approx-imately 24.5 percent (1,415,803 squarefeet) of the forward-supply in secondquarter was under construction, repre-senting approximately 3.8 percent ofthe existing office inventory.

If all of the office space presently underconstruction or planned is completed(which is not likely), it would represent a15.8 percent increase in the Valley’sspeculative office inventory. As a point ofreference, the Valley’s office inventoryhas been growing at an 8.2 percent aver-age annual pace since first quarter, 2003.

John Restrepo is principal of RestrepoConsulting Group LLC (RCG).


TOTAL MARKET Las Vegas

Total Square Feet

Vacant Square Feet

Percent Vacant

New Construction

Net Absorption

Average Lease sf/mo (nnn)

Under Construction

Planned

CLASS A

Total Square Feet

Vacant Square Feet

Percent Vacant

New Construction

Net Absorption


Under Construction

Planned

CLASS B

Total Square Feet

Vacant Square Feet

Percent Vacant

New Construction

Net Absorption


Under Construction

Planned

CLASS C

Total Square Feet

Vacant Square Feet

Percent Vacant

New Construction

Net Absorption


Under Construction

Planned

MEDICAL OFFICE

Total Square Feet

Vacant Square Feet

Percent Vacant

New Construction

Net Absorption


Under Construction

Planned

36,601,663

4,003,554

10.9%

1,161,934

923,227

$2.51

1,415,803

4,359,269

4,503,819

470,989

10.5%

349,929

174,464

$2.95

607,499

663,862

11,917,385

1,264,010

10.6%

151,824

258,812

$2.54

86,983

1,897,423

13,647,344

1,839,059

13.5%

495,868

332,395

$2.38

269,339

994,117

6,533,115

429,496

6.6%

86,901

157,556

$2.53

451,982

803,867

2nd Quarter 2007Office Market

Compiled by RCG LLC/Colliers International

http://www.mdlgroup.com

http://www.swusabank.com


nventory levels within the South-ern Nevada industrial marketcontinue to expand at an above-

average pace, while concerns over long-term growth opportunities remain. Thisaccelerated level of market expansion hasbeen met with an equally impressive levelof market demand as vacancies have re-mained below historical averages andavailability in most product types remainsomewhat limited. A handful of large-scaledistribution buildings are underway with areasonable share of space pre-leased. Thecurrent wave of activity will thrust the mar-ket forward with total inventory surpassing100 million square feet in the near term.

Latest Activity

Through the first nine months of 2007,the Las Vegas Valley industrial market ex-panded by more than 4 million square feetwhile vacancy rates remained below 5 per-cent. Market demand continued its positivecourse, yet is off the feverish pace of newsupply. The latest activity results in modest-ly higher vacancies from the low 3.5 per-cent mark reported at the close of 2006.

In addition to the latest activity, over 6 mil-lion square feet of space remains under con-struction throughout the valley. A significantshare of future supply is already pre-leasedand is inclusive of built-to-suit projects forlarge-scale facilities, including International

Southern Nevada’s Industrial Market Summary

I

The Southeast Loft District was awarded the 2007 Industrial Building of the Year Spotlight Award.It was developed by Familian of Nevada, Inc., designed by C2G Architecture Design Construction

and built by Familian Development Group.

Game Technology’s (IGT) campus and thePepsi Co. facility, both located in the south-west portion of the valley. Additionally, over4 million square feet of planned space re-mains on the drawing boards.

Product Pricing

Average asking rents in the industrialsector reflect a diversifying mix of proper-ties that includes investor-purchasedfreestanding buildings, increasing officecomponents in large-scale distribution fa-cilities and limited availability. Valley-wideaverage asking lease rates also continuedto fluctuate based on the size and mix ofproperties available. Average asking rateswere $0.82 per square foot per month, upmaterially from the prior year

Rising development costs and a lack ofland suitable for industrial uses (given pric-ing) contributed to the increase. Asking av-erages for the quarter were $0.73 per squarefoot for warehouse-distribution space(blended with office components); manufac-turing space reached $0.95 per square foot;and flex space had the highest lease rates ofall sectors at $1.01 per square foot.

Market Outlook

Based on the most recent data avail-able, the Las Vegas economic climate re-ported continued strength in various sec-

http://www.c-b.com

http://www.c-bnevada.com


TOTAL MARKET Las Vegas

Total Square Feet

Vacant Square Feet

Percent Vacant

New Construction

Net Absorption


Under Construction

Planned

DISTRIBUTION

Total Square Feet

Vacant Square Feet

Percent Vacant

New Construction

Net Absorption


Under Construction

Planned

MANUFACTURING

Total Square Feet

Vacant Square Feet

Percent Vacant

New Construction

Net Absorption


Under Construction

Planned

R&D

Total Square Feet

Vacant Square Feet

Percent Vacant

New Construction

Net Absorption


Under Construction

Planned

FLEX

Total Square Feet

Vacant Square Feet

Percent Vacant

New Construction

Net Absorption


Under Construction

Planned

92,344,059

4,081,975

4.4%

860,436

974,430

$0.82

6,911,681

4,653,005

58,996,992

2,571,352

4.4%

500,246

531,037

$0.73

5,542,889

3,614,640

20,579,137

838,970

4.1%

336,998

256,084

$0.95

1,026,821

944,283

476,018

0

0.0%

0

0

$0.00

51,040

0

12,291,912

671,653

5.5%

23,192

187,309

$1.01

290,931

94,082

2nd Quarter 2007Industrial Market

Compiled by Applied Analysis

ability of industrial-zoned property at feasi-ble prices. While the market has been ableto accelerate development activity, con-cerns regarding pricing persist. Maintaininga competitive market position within thewestern region will be critical to attractinglarge-scale distribution firms and compli-mentary manufacturers to the Las VegasValley. Should material escalations in pric-ing prevail, Las Vegas may become less de-sirable than other markets, including the In-land Empire, Northern Arizona, SouthernUtah and other surrounding jurisdictions.

Diversification within the market andland availability remains a key element ofcontinued strength in the industrial market.While the leisure and hospitality sector hasreported below-average expansion, it isworth noting the market is on the leadingedge of the largest building boom in LasVegas history. Those impacts will likely rip-ple throughout all major sectors of the LasVegas economy; the industrial market willultimately be a likely beneficiary.

Brian Gordon, CPA, is principal of Applied Analysis.

tors, while others lagged principally due toa slowdown in for-sale residential marketactivity. Population growth remained pos-itive as another 80,000 new residents areexpected to make Southern Nevada theirnew home. Employment growth remainsoff the peaks reported in the previous fewyears as a softer housing market hasclearly impacted the demand for residen-tial construction employees and others di-rectly and indirectly impacted by the in-dustry (e.g., real estate agents, mortgagebrokers, and title officers).

However, the amount of resort investmentactivity continues to support the latest com-mercial wave of activity. Projects with an-nounced completion dates during the nextfive years total in excess of $30 billion dollarsand comprise nearly 40,000 hotel rooms.Projects underway include Palazzo (2007),Trump (2008), Encore at Wynn (2009), City-Center (2009), and Echelon (2010). The eco-nomic engine of Southern Nevada appearspoised for another exciting ride.

With regard to the economic engine’s im-pact on the industrial sector, we continue toremain concerned about the long-run avail-

http://www.falcpa.com


ince Voit’s Las Vegas launch, thecompany has established itselfas one of the leading commer-

cial real estate brokerage firms in SouthernNevada, and its principals, Kevin Higgins

and Kit Graski, continue to play leadingroles in local community organizations andprofessional groups. Longtime Las VegansHiggins and Graski opened Voit CommercialBrokerage’s Las Vegas office in October

2002 as senior vice presidents of the re-gional firm. Their high level of success hasalso brought them national recognition.

The Higgins Team won NAIOP’s 2007 In-dustrial Brokerage Team of the Year. In2006, Kevin Higgins closed 85 transac-tions totaling more than $125 million,which included more than 750,000 squarefeet of product and 75 acres of land andwas named Voit’s No. 1 broker nationwidefor three consecutive years. He served aspresident of the Southern Nevada chapterof NAIOP in 2003 and as president of theSouthern Nevada Chapter of the Society ofIndustrial and Office Realtors (SIOR) in2004. Higgins earned NAIOP's IndustrialBroker of the Year award in 2000, 2001,2003 and 2006, as well as NAIOP's Spe-cial Recognition Award in 2004.

Graski closed 23 transactions totaling$57.8 million comprised of 204,713 squarefeet and 32 acres in 2006, earning him thecompany’s No. 7 ranking nationally. He is aretail expert with 22 years of experienceworking in one of the strongest and mostprosperous retail markets in the countryand is an active member of the Internation-al Council of Shopping Centers (ICSC).

Tami Lord joined the firm as vice presi-dent in 2006 and specializes in the LasVegas retail market as well.

A subsidiary of The Voit Companies, VoitCommercial Brokerage, a member of COR-FAC International, also has offices in Irvine,Anaheim, Chula Vista and San Diego, Calif.The company, headquartered in NewportBeach, Calif., has completed sales and leasetransactions valued in excess of $13 billion.

Voit Commercial BrokerageThe Higgins’ Winning Team

S

Steven Paravia, sales associate; Kevin Higgins,vice president; and Garrett Toft, senior associate




ith more than 5 million square feet of office, industrial andretail space anticipated at build-out, opportunities aboundat the Beltway Business Park, a 400-acre master-planned

office and industrial park in southwest Las Vegas. Centrally locatedoff the I-215 Beltway between Decatur and Jones boulevards, theproject is a joint venture be-tween Thomas & Mack De-velopment Group and Ma-jestic Realty Co. BeltwayBusiness Park is designedto be a complete businessdestination.

Currently under construction is Corporate Gateway, featuringfour symmetrical buildings totaling 292,000 square feet of firstclass office space. Additionally, the industrial section of the parkwill include 12-14 buildings totaling more than 3 million squarefeet of warehouse space. And the first offering on the retail sideis Beltway Commons, which will bring 38,000 square feet topark tenants. Beltway is the latest endeavor in Las Vegas forMajestic.

Fueled by the strong business environment and the thriv-ing gaming and resort industry, the developer currently has

850,000 square feet under construction, bringing its localportfolio to 5.1 million square feet. Prime sites near the Stripand McCarran International Airport continue to attract ten-ants to Majestic’s properties, where it takes a unique devel-op-and-hold approach, offering fully integrated services—

from design andconstruction to in-houseleasing and manage-ment. Majestic also earnspraise for its commitmentto the community.

In 2006, the MajesticRealty Foundation placed more than 300 grants nation-wide, totaling nearly $2 million, including 20 grants to wor-thy Nevada nonprofits, including the Nevada Partnershipfor Homeless Youth, Classroom on Wheels, the YMCA ofSouthern Nevada and the Volunteer Center for SouthernNevada. Founded in 1948 and headquartered in southernCalifornia, Majestic is one of the nation’s oldest and largestprivately held real estate firms, with an office, retail andindustrial portfolio totaling more than 70 million squarefeet nationwide.

Majestic Realty Co. and Thomas & MackTeam Create Business Destination

W

“In 2006, the Majestic Realty Foundation placed more than 300 grants nationwide,

totaling nearly $2 million.”

http://www.LasVegasCommercialRE.com

http://www.verdecommunications.com



or more than two decades, Burke and Associates hasbeen one of the most respected general contractors ina city recognized for its prolific growth. As a result,

they have received many honors, including the coveted NAIOPGeneral Contracting Firm of the Year Award.

Since 1984, the company has built some of the most recog-nizable structures in LasVegas, several schools,countless restaurants,casinos, retail centers,warehouse and officebuildings—you name itand Burke and Associateswas involved. Burke isbuilding for the future with upcoming projects including Cash-man Equipment Company’s Corporate Headquarters, the Pre-sidio Heights Condominiums and the Pacific Business Center.

The company is dedicated to the city it is helping to build. “Wework and live here as well, so we believe our success requiresus to give back and we’re proud to be in a position to help,” said

company president Kevin Burke.Burke and Associates has recently become even more social-

ly responsible with on staff LEED®Accredited professionalsoverseeing construction of one of the largest anticipated LEEDGold certified projects in Nevada – the 53-acre 290,000-square-foot Cashman Equipment Corporate Headquarters in

Henderson. Burke is proudof their affiliation with theUSGBC and the commit-ment made to sustainabledevelopment for futuregenerations.

“This is Las Vegas, andthere are hundreds of

general contractors that offer a complete range of services. Ittakes a different kind of company, however, to deliver thoseservices within the context of specific requirements. For us,that's what makes this job interesting and challenging. For ourclients, this perspective makes us indispensable,” said seniorvice president Tony Dazzio.

Burke & Associates, Inc.Building For The Future

F

“We work and live here as well, so we believe our success requires us to give back and

we’re proud to be in a position to help.”

http://www.lv-dcsi.com

http://www.wt-us.com


arsch Investment Properties is a real estate invest-ment company which owns and operates morethan 100 properties in five states including Ore-

gon, Washington, California, Nevada and Arizona. The com-pany opened its Las Vegas regional office in 1995 with theacquisition of the 400,000-square-foot Green Valley Corpo-rate Campus. The portfolio has grown to 25 properties with7.5 million square feet in the region. Harsch is the largestowner of multi-tenant industrial properties in Las Vegas,satisfying the full spectrum of tenant needs.

Currently, Harsch is working on three major projects: Hen-derson Commerce Center IV, Cheyenne Commerce CenterPhase III and the Speedway Center. The Henderson CommerceCenter IV Phase II is a 17-acre, 240,000-square-foot projectlocated on the southeast corner of Warm Springs Road andEastgate Drive. This five-building industrial center will offersmall- to mid-bay units ranging from 4,500 to 18,000 squarefeet and parking for 2.2 cars per 1,000 square feet will beprovided. All units will have dock high and grade roll-updoors, as well as rear loading. The project is in the second ofthree phases and will ultimately consist of 11 buildings. It is

scheduled for completion in the summer of 2008.The Cheyenne Commerce Center Phase III is a nine-build-

ing complex located on the northwest corner of CheyenneAvenue and Revere Road in North Las Vegas. Phase III is sit-uated on 18.5 acres and will total 200,000 square feet oflight industrial flex space. Units will range from 1,500 to10,000 square feet and offer parking for 3.5 spaces per1,000 square feet. Six of the buildings are slated for com-pletion in fall of 2008 with the remaining four to follow bysummer of 2009.

The latest phase at the Speedway Commerce Center is ajoint venture with the Gubler family. The 11-building, 35-acre, 470,000-square-foot project is located on the south-west corner of Centennial Parkway and Hollywood Boule-vard. Units will range from 1,500 to 25,000 square feet andwill offer dock high and grade roll-up doors – fitting theHarsch prototype. Parking will allow for more than 2.5spaces per 1,000 square feet.

Harsch Investment Properties continues to seek quality in-vestment and development office, multi-tenant industrial,retail and multi-family property investments in Las Vegas.

Harsch Investment PropertiesLeading with Multi-Tenant Industrial Properties

H


ox Business Services (CBS), the business-to-businessdivision of Cox Communications, is a leading provider ofadvanced video, voice and data services to the Southern

Nevada business community. Cox Communications is a Fortune500 company, as well as the third largest cable broadband com-munications provider in the nation. And while CBS is national inscope and on track to reach$1 billion in revenue by2010, the B2B division is alsovery much a local companymeeting local needs.

“In Southern Nevada, Coxprovides high-paying jobs tomore than 1,200 employees of which nearly 200 belong toCBS,” said David Blau, vice president and general manager ofthe company’s Henderson-based regional operations. “They alllive and work here, and that’s good for the local economy. That’sone of our key differentiators. We’re local; many others are not.When you call us for support, you speak to a SouthernNevadan.”

One of the key competitive advantages at CBS is the ability to

bundle its products, a concept Cox introduced into the market-place 10 years ago with virtually every telecom provider nowimitating the practice. By bundling multiple products, CBS pro-vides services that may otherwise prove more expensive whenpurchased separately from individual providers.

“It just makes more sense to get all telecom needs from oneprovider,” noted Blau. “Youget multiple services fromone company on one billand deal with only one ac-count representative. Plus,you get 24/7 technical sup-port from trained profes-

sionals. There are the savings you’ll achieve by getting all your tele-com needs in one package from CBS.”

The popularity of bundling can be seen by the numbers: inCox’s legacy voice markets, over 55 percent of new data cus-tomers also subscribe to Cox Digital Telephone. With marketshare on the rise, bundle packages that achieve savings as wellas J.D. Power and Associates awards for customer satisfaction,CBS is the leading provider of communications solutions.

Cox Business ServicesA Whole "Bundle" of Services

C

"One of the key competitive advantages at CBS is the ability to bundle its products."

http://www.hellercompanies.com

ackson-Shaw Company, a national real estate devel-opment organization headquartered in Dallas, Texas,brings more than 36 years of continually advancing

expertise in the development of office, industrial, flex and hotelfacilities. The company has developed more than 35 millionsquare feet of space since its founding.

Today, Jackson-Shaw is focused primarily on real estate de-velopment and investment in a variety of project types, includ-ing office, industrial, mixed-use and hotels. The company’s pri-mary goal of is to create value in real estate for its clients andcapital partners. Jackson-Shaw is a well-rounded real estatedevelopment company, possessing extensive in-house develop-ment, construction management, financial, marketing and prop-erty management experience.

The core strategy of diversification with various types of de-velopments and in various geographical locations continues todrive the company’s investments. The firm often moves quicklywith its own capital to secure exceptional property with inherentcompetitive advantages. It then combines its numerous long-term relationships with nationwide lenders and equity partnersto create long-term high value assets.

The Jackson-Shaw principals, involved in building the company’sfuture, have collectively developed more than 60 million square feetof industrial, office, flex and hotel space, alongside several capitalpartners. The success with these projects continues in the compa-ny’s current work, and its tradition of quality and integrity in its de-velopments.To form and maintain mutual commitments, the princi-pals of the company are also participants in its investments.

Jackson-Shaw has been active in the Southern Nevada marketfor more than fifteen years. In the Las Vegas Valley, the companyrecently completed NorthPort Business Center located in theCheyenne Technology Corridor that consists of approximatelymore than 340,000 square feet of office space for lease.The com-pany is also developing Northeast Crossing, a 30 acre industrialpark located at the southwest corner of Cheyenne Boulevard andLincoln Street. The first phase of the project was recently com-pleted and consists of approximately 130,000 square feet in sixbuildings. Northeast Crossing Phase II will be completed in 2008and will consist of 300,000 square feet in 10 buildings for saleand lease. Ralph Murphy, senior vice president – western regiondevelopment, heads the local office and is responsible for devel-opment throughout the Southwestern United States.

Jackson-Shaw CompanyCreating Value

J


http://www.kke.com


ince Bank of Nevada was founded in 1994, com-mercial real estate lending to facilitate the growthof the community has been a cornerstone of the

business. Last year, the Bank funded more than $500 millionin commercial real estate projects. The bank recently markedits 13th year, headquar-tered in Las Vegas, with$3 billion in assets and15 offices in Las Vegas,Henderson, North LasVegas and Mesquite.

The key has been thecombination of having arobust lending capacitythat exceeds the capabil-ities of traditional com-munity banks and can accommodate virtually any Nevadabusiness. Yet, unlike large institutions, this strength is coupledwith experienced bankers who are empowered to make deci-sions locally enabling them to be more responsive than larg-

er institutions. Businesses also have access to Bank of Neva-da’s comprehensive array of banking and financial serviceproducts including a full line of cash management solutions,including the convenience of e-deposit remote deposit cap-ture service. The services are supported by a locally-based

team of product special-ists, who are available tomeet with clients at theirbusinesses.

Over the past 18months, the bank hasgrown from five offices tofifteen locations. Lastyear, new offices wereopened in CentennialHills, Aliante and in

Southwest Las Vegas at Warm Springs and Durango roads.The bank also recently opened an office at Hualapai Way andWest Charleston and Grand Central Parkway \ in the new Mo-lasky Corporate Center.

Bank of NevadaExpands Services and Locations

S

“The key has been the combination of having a robust lending capacity that exceeds the capabilities

of community banks and can accommodate virtually any Nevada business.”

http://www.lapour.com


NAIOP Southern Nevada ChapterMember Driven

lot can happen in 21 years. As theSouthern Nevada Chapter of theNational Association of Industrial

and Office Properties (NAIOP) celebratesmore than two decades’ worth of network-ing, education and camaraderie, it may bethe most energetic business organization inSouthern Nevada. NAIOP is the trade asso-ciation for developers, architects, consul-tants, bankers, brokers, designers, generalcontractors, engineers who focus on indus-trial and office development.

With more than 800 members, theSouthern Nevada chapter is the fourthlargest in the country. Nationally, the orga-nization is comprised of nearly 15,000members with 53 North American chapters.

NAIOP provides members with businessand networking opportunities, educationprograms, research on trends and innova-tions, and legislative support.

“There is really something for every-one,” said Tony Dazzio, president of theSouthern Nevada Chapter. “Whether it’sgiving back to our community, staying in-formed of state and local issues, network-ing with friends and colleagues, learningmore about our industry or growing oppor-tunities for individual businesses, you canfind it at NAIOP.”

Members meet and network through avariety of activities including monthlybreakfast meetings, educational seminars,golf tournaments, mixers, award cere-monies, bus tours, and involvement withthe various committees.

As one of the largest and most activechapters in the country, one might assume afull time staff is behind NAIOP’s efforts; thatis not the case. While the chapter utilizes Al-ternative Management to handle its execu-tive functions and other consultants to helpcoordinate its communications and govern-mental affairs initiatives, the membership isresponsible for most the activities.

“The most remarkable thing about NAIOPis that it is a volunteer-driven organization,”said Dazzio. “Our membership and commit-tee chairs dedicate their own time for thegood of our industry and organization.”

The majority of NAIOP’s outreach is

coordinated through its twelve committeesincluding, Membership, Programs, Educa-tion, Communications, Spotlight Awards, BusTour, Golf Tournament, Community Service,Industry Trends, Sustainable Development,Governmental Affairs and Sponsorship.

A “The most remarkable thing

about NAIOP is that it is a

volunteer-driven organization.”

http://www.martinmartinlv.com


ne of the most importantevents NAIOP hosts fallsunder the responsibility of

the Programs Committee. Each month,members come together at its monthlybreakfast meetings held at The OrleansHotel & Casino. Members and theirguests are invited to hear speakers dis-cuss a variety of topics of interest tothe commercial real estate industry.

The Program Committee, led by chairEllie Shattuck, strives to secure the mostnotable speakers possible, often solicitingpillars of the community who happilyagree to address the organization. Overthe years speakers have included theGovernor, state representatives, the chair-man of the Clark County Commission,Mayors from each of the local municipali-ties, the Sherriff of the Metropolitan PoliceDepartment and representatives frompublic works, McCarran Airport and Neva-da Development Authority.

Other programs have included infor-mation on green building, politicalraces, local and national market trends,children’s education, the SouthernNevada higher education system andthe challenges our transportation sys-tems will face as the economy contin-ues to expand.

The breakfast programs are extreme-ly popular and typically attract between300 to 400 members and guests.

“We are really proud of our breakfastprograms,” said Tony Dazzio, presidentof the Chapter. “I think their importanceand impact on our membership isproven in the number of people thatjoin us each month. Our members andother members of the industry findthem extremely informative.”

O

ProgramCommittee

Coordinating Monthly Speakers

“Members and their guests are invited to hear speakers discuss a variety of topics

of interest.”

http://www.ccim.com


ith all of the activities andevents hosted by NAIOP, theSponsorship Committee has

a vital role in the success of the chap-ter. Led by Chair Mike Carroll, the teamraises money each year to fundNAIOP’s numerous events, programsand tournaments.

The chapter’s main sponsorshipsource is its President’s Circle Sponsor-ship program. President’s Circle Spon-sors make up the majority of the oper-ating budget NAIOP uses throughoutthe year. The highest sponsorship levelsinclude free ads in NAIOP NOW and po-sitioning as the presenting sponsor ofthe chapter’s signature events such asSpotlight Awards, Bus Tour and the GolfTournaments.

True to form, the chapter also offerseven its smallest member firms the op-portunity to participate as a sponsor.

“We offer our members and theircompanies a long list of opportunitiesto choose from,” said Katrina Ferry, thechapter’s executive director. “Who theyare trying to reach or connect with re-ally determines which sponsorshiplevel they choose. We have them at allmonetary levels and commitments.”

Each year the organization raisesmore money through sponsorships.Often times the best opportunities sellout quickly and members miss out.

“They have the chance to get theircompany’s message and information infront of 800 industry leaders,” saidTony Dazzio, president of the chapter. “Ithink that is why we have been so suc-cessful in our fund raising efforts.”

W

SponsorshipCommittee

Funding Chapter Events

“We offer our members and their companies a

long list of opportunities to choose from.”

http://www.korteco.com

http://www.langan.com


ne of the highlights of the yearfor the NAIOP chapter is its Spot-light Awards event. Hosted an-

nually, the event brings together membersto recognize and celebrate the top projectsand leaders in the industry. The SpotlightAwards Committee oversees the planningand coordination of the event. With morethan 800 people in attendance at this year’sevent, Spotlight is NAIOP’s signature event.

To add to the event’s prestige, thechapter’s leadership has been successfulin securing high profile Masters of Cere-monies. This year, Gov. Jim Gibbons andfirst lady, Dawn Gibbons acted in this roleand handed out trophies to more than 30projects, companies and individuals. Inyears past, the chapter has welcomedGov. Kenny Guinn, Mayor Oscar Goodmanand Sen. Richard Bryan among others.

The awards show is divided into twoareas for members to enter. First are theproject awards. Under this section thereare 16 categories ranging from master-planned office and industrial parks andbuildings to common area interiors.Members must submit an application aswell as a binder of supporting materialsfor the project. These applications andbinders are judged by a panel of indus-try leaders from a neighboring market.Winners are chosen by the judgesbased on a list of criteria provided toapplicants before submitting.

“The best thing about the projectawards is many times our memberswork as a team on the development,”Dazzio said. “So the winning projectmay encompass two or three membercompanies. It’s great when the winningproject is developed, designed, engi-neered and built by members.”

The chapter also recognizes members,companies and teams under its industryawards. These winners are selectedbased on nominations from general mem-bership and decided upon by the board.For the majority of industry awards, thereis an application that has to be submittedto the board for consideration.

Hosted in the spring and generallyheld at a new and lavish venue, the eventis an evening of celebration, entertain-ment, dinning, and networking. To add tothe fun of the evening, the committee se-lects a theme for each year’s event. In2007, the event was dubbed “SurvivorSouthern Nevada.” The committeeworked for a full year to bring to life thetheme through invitations, presentations,gifts, décor and the program.

Led by co-chairs Barbara Demareeand Grace Ferrell and overseen byboard liaisons Sallie Doebler and RickMyers, the committee is one of themost active in the chapter.

“Members of the Spotlight Awards Com-mittee dedicate a large portion of their timeto make this event successful,” Doeblersaid. “I don’t think people realize how muchplanning goes into an event this size. I amreally proud of our committee and the workthey have done over the last few years.”

O

Spotlight Awards CommitteePlanning Signature Event


he Golf Tournament Commit-tee is responsible for plan-ning and coordinating two

golf tournaments hosted by NAIOPevery year. The tournaments – one inthe spring and another in the fall – aredesigned to give members the chanceto network and compete in a social set-ting. The Golf Tournament Committeeled by long term board member LeePhelps chooses the venue, securessponsorships, promotes the event andhandles all of the activities during theday of each tournament.

In previous years, both the springand fall tournaments completely sold ofboth sponsorships and participants,easily fulfilling the event’s 144-playercapacity.

This year, NAIOP held its 16th AnnualSpring Golf Tournament at the DragonRidge Country Club on Stephanie Streetin Henderson, with Southwest Gassponsoring the event. The 72-par golfcourse was designed by award-win-ning architect Jay Morrish, along withrising architect David Druzisky, andopened in 2001.

The tournament was in the format ofan 18-hole, four-person scramble. Tro-phies and prizes were awarded for the1st, 2nd and 3rd place finishers, as wellas complementary shirts, hats, shoebags and a sleeve of balls given as giftsto all competitors.

“Anyone who has attended one ofour golf tournaments knows it’s a lot offun but also competitive,” said TonyDazzio, president of the chapter. “Peo-ple take the game seriously and want towin the trophy and bragging rights. It’sa great social event for our chapter andwe are able to tie in our CREPAC, whichis a very important component of ourgovernmental affairs efforts.”

T

Golf Tournament Committee

Giving Members More Networking Opportunities


http://www.jayhescorp.com


he Southern Nevada chapter ofthe National Association of In-dustrial and Office Properties

(NAIOP) recently announced the creationof the Casey Jones Fund. The fund willserve as the backbone of the organiza-tion’s community service outreach andwill be managed by the Henderson Com-munity Foundation.

Throughout its 21 year history, NAIOPand its members have donated their timeand money to organizations that are ded-icated to enhancing the quality of life forchildren and seniors in the valley. In2006, the chapter created its CommunityService Committee to qualify and overseesuch outreach. This committee was es-tablished under the leadership of board li-aison and past president Casey Jones.

T

Community ServiceCommittee

Establishes the Casey Jones Fund

Casey Jones, longtime NAIOP member and past president.


The chapter attributes its most recent andaggressive community outreach to Jones,who passed away in December.

“Our dear friend, Casey Jones, inspiredour organization to make a difference inour community,” said Tony Dazzio, chapterpresident. “We are thrilled to finally have away to commemorate his contribution.Now, every time our chapter gives time,money or resources to a non-profit organi-zation, we will do so in his name. His lega-cy will continue for years to come.”

NAIOP is currently working with twolocal non-profit organizations. The first isCommunity in Schools, an organizationthat supports low-income children andfamilies through the school setting. Re-cently, NAIOP donated $10,000 to Com-munities in Schools for furniture for itsCynthia Cunningham Elementary Schoolhealth clinic. The health care facility isbeing built for low-income and homelesschildren attending the school who maynot otherwise have access to importantmedical and dental services.

NAIOP has also assisted Helping Handsof Vegas Valley, an organization that offersa bag of free groceries once a week to low-income seniors, as well as respite cares forhospice workers and transportation for se-niors who are unable to drive. Most re-cently, the chapter held a mid-year fooddrive where more than $5,000 was raisedand 50 cases of food were collected.

“Giving back to the community we serveis very important to our chapter,” said Bar-bara Demaree, chair of NAIOP’s Communi-ty Service Committee. “Every year, I amsimply overwhelmed with joy by the gen-erous contributions. Casey Jones was sodedicated to people in need and it is trulyan honor to help carry on his legacy.”

“Giving back to the community we serve

is very important to our chapter.”

http://www.ticornevada.com


http://www.saxainc.com


hile the organization is wellknown for its networking and ed-ucational opportunities, its main

focus has always been on government af-fairs. The chapter was formed in 1986 by agroup of developers who wanted to create aunified voice to represent their interests inthe community and with legislators.

“The fundamental purpose of NAIOP is torepresent the industry’s interests and inter-act with government at every level,” saidMichael Newman, past president of thechapter and former chair of the governmentaffairs committee.

In 1990, the chapter formed its Govern-ment Affairs Committee. The purpose of thecommittee was to create an entity thatcould serve as the liaison between theNAIOP membership and state and localmunicipalities. Membership was com-prised of people who had an interest in im-proving the legislative and regularity cli-mate for the chapter.

“The committee has been a very effec-tive group for NAIOP members,” said TonyDazzio, chapter president and past chair ofthe Government Affairs Committee. “Everyyear it has grown and become stronger.”

NAIOP representatives regularly meetwith politicians at all levels to providethem with input on important issues tocommercial development. NAIOP pro-vides written position papers and briefson the general principles and philoso-phies of NAIOP.

“We have relationships with many of ourleaders in government,” Dazzio said.

“Many of our accomplishments revolvearound relationships. Translating those rela-tionships into a value for members and rep-resenting the interests of our members atthe very highest levels of government is ourfocus. We don’t stand on sidelines with ourhands on our hips demanding action. Weprefer to act as a resource. They can call usup and ask for assistance and we will be

W

Government Affairs CommitteeRepresenting the Industry’s Needs

“The fundamental purpose of NAIOP is to

represent the industry’s interests and

interact with government at every level.”

A Client Centered Law Firmbusiness & corporate

real property • immigration

construction • collection

labor & employment

At Harmon & Davies, P.C., we are dedicated to responding promptly toclient needs and providing reliable legaladvice based on a thorough understandingof each client’s particular business.

1428 S. Jones Blvd. Las Vegas, NV 89146702.733.0036

www.h-dlaw.com


happy to provide guidance on any issue thathas an impact on our community.”

In 2006, the chapter divided its govern-ment efforts into two categories. It hiredMcDonald Carano Wilson to represent itsinterest at the state level and continued itsrelations with Strategic Solutions at thelocal level. Members of the committee metwith all the legislative leadership, includingthe senate majority leader, the speaker ofthe assembly and all legislative committeechairmen in both houses.

Under the leadership of then chapterPresident Ralph Murphy, the GovernmentAffairs Committee developed a public af-fairs position paper that formally docu-ments the most important issues affectingNAIOP members and the commercial realestate industry. The paper details positionson taxation and construction law at thestate level, and on permit processing time,fees for development approvals and avail-ability of land for future development at thelocal level.

“Together with our lobbyist groups, wemonitor a variety of issues ranging from im-minent domain, impact fees, constructionlaw, land use and growth managements,and tax related issues,” Dazzio said. “Wework to ensure our members’ interests arerepresented.”

In 1994, the committee reached anothermilestone when it formed the CommercialReal Estate Political Action Committee(CREPAC). The purpose of CREPAC was toenhance the publics and public officials un-derstanding of the importance of commer-cial real estate development through dona-tions made to candidates.

“Our association is now recognized asthe voice of commercial real estate devel-opment in Southern Nevada and our voiceis getting stronger,” said Murphy currentchair of the Governmental Affairs Commit-tee. “As a result, we are able to offergreater service to our members, be moreresponsive to the needs of our community,and enhance our influence with federal,state and local elected representatives.”

“We work to ensure our members’ interests

are represented.”

http://www.commcapadvisors.com


376 E. Warm Springs Road, Suite 160Las Vegas, NV 89119

www.oakviewconst.com

(702) 873-6399 Fax: (702) 873-6690

“BUILDING ON SOLID GROUND SINCE 1960”

Southern Highlands Marketplace Venture Professional Center

ver the last 50 years, the Stoltz Management Compa-ny has evolved from a small, regional family real es-tate service and investment business into a leading

national real estate/investor/operator and trusted fiduciary.Through three generations, Stoltz has successfully diversified itscapabilities, garnered comprehensive industry expertise, andchampioned exceptional service and operational excellence.

In Nevada, Stoltz Management Company acquired the Hugh-es Airport Center and Hughes Cheyenne Center in 2000 totalingmore than 2.3 million square feet of office, office/warehouseand flex office buildings. Over the years, Stoltz sold smallparcels in the parks. In 2005 and 2006, the company complet-ed the development of two build-to-suit facilities for gaming in-dustry manufacturers, Konami and WMS Gaming, which totaledmore than 250,000 square feet. In 2007, Stoltz sold the remain-ing buildings owned and retained four development parcels,along Sunset Road at Hughes Airport Center. A new 180,000Class A office building broke ground in June, 2007 with occu-pancy by May, 2008. Another 90,000 square feet of new spaceis being planned for the remaining two undeveloped parcels forthe end of the 2010.

The two Stoltz owned buildings in Hughes Cheyenne Centertotaling 220,000 square feet located in North Las Vegas weresold in the last round of dispositions and what remains are twoparcels for Stoltz developments. A small 4 acre corner parcel atCheyenne and MLK is being developed as a shopping center an-chored by TESCO’s Fresh and Easy food store. Preliminary de-velopment studies are under way on the second parcel, a 40-acre site on Cheyenne between Coleman and Clayton Roads.

The senior executive team at Stoltz Management Companyis comprised of professionals with decades of experience insuccessful private real estate investing, asset managementand leasing, equity joint ventures, investment banking andpublic company management. The Las Vegas team includesWes Jenson, senior vice president, who has been affiliatedwith Stoltz since 1998. Ty Trueblood, senior vicepresident/construction oversight, has more than 30 years ofcommercial building construction and has worked in the LasVegas market for the past 12 years. Mikkel Pearce, JanicePlummer and Jerry Crossland round out the team handling allfacets of property management, lease administration, market-ing and facilities engineering.

Stoltz Management CompanyContinues to Evolve

O

http://www.wrgdesign.com

http://www.opulencestudios.com


ne of the key benefits of join-ing NAIOP is the opportunity tolearn more about the commer-

cial real estate industry. The EducationCommittee develops informative semi-nars and workshops aimed at enhancingmembers’ knowledge of the industry andcurrent trends.

Kyle Nagy, chair of the Education Com-

mittee and member of the board of direc-tors, said the committee works hard tooffer members a variety of workshops tochoose from.

“We know that each of our memberswant information about topics that impacttheir business,” Nagy said. “We look for op-portunities to provide this information in away where everyone walks away with

knowledge they did not have when theycame in.”

Last year, the committee introduced aseries of four permit processing workshopsto guide members through the necessaryprotocol for commercial development in thefour Las Vegas Valley municipalities. Eachworkshop was presented by representa-tives of the respective municipalities, so at-

Education CommitteeProviding Value to Members

O

http://www.LeeLasVegas.com


tendees learned the correct way to processcommercial developments from the deci-sion makers themselves.

“Learning to navigate the municipalities,from concept through building, was a hugesuccess,” Nagy said. “We brought togetherthe developers and representatives fromthe public sector to have an open conversa-tion and discussion on how to make thingsrun smoothly for both parties.”

Over the years, NAIOP has teamed withother professional organizations to hostseminars. NAIOP joined the AssociatedGeneral Contractors Las Vegas Chapter toeducate members about the impact risingcosts of land, labor and materials on the in-dustry. It partnered with the local chapter ofthe U.S. Green Building Council to exploregreen building. The discussion includeddefining the elements of green building,Leadership in Energy and EnvironmentalDesign (LEED) certification and sustainabledevelopment.

In addition to educating its current mem-bers, NAIOP is also committed to assistingthe next generation of industry leaders. In1993, the chapter established a scholarshipendowment with the UNLV Foundation andhas worked closely with the university eversince. Each year, NAIOP awards a scholar-ship to one student enrolled in the Lied In-stitute for Real Estate Studies program. TheEducation Committee also oversees thementor program. The program matches realestate students with NAIOP members whomeet regularly throughout the semester.“Our Education Committee does a great

service to the membership and providesvalue to members,” said Tony Dazzio, pres-ident of the Southern Nevada Chapter.“Where else can you learn about how tosubmit plans, request approvals and qualifyfor assistance from the direct source?”

“Learning to navigate

the municipalities,

from concept through

building, was a

huge success.”

http://www.stabledevelopment.com

http://www.jmaarch.com


arnell Properties is a real estate development andmanagement company that focuses on the acquisi-tion, development and management of commercial

real estate holdings and long-term portfolios. The company isdefining a new Las Vegasas a city able to providebusiness infrastructurethat will enhance the ca-pabilities of growing busi-ness and leading edgecompanies serving local,national and international markets.

Marnell Properties is creating three high-profile businesscommunities in Las Vegas. Marnell Corporate Center is a736,000 square foot master-planned Class A office campus,strategically located at the intersection of Interstate 15 andI-215 and adjacent to McCarran International Airport. Atbuild-out the 37-acre master-planned office campus, Mar-nell Corporate Center will feature 12 buildings of officespace and amenities.

Another Marnell Properties venture, McCarran Marketplace,is a 75-acre community retail center, which will include an es-

timated 50 stores with 3,000 parking spaces upon its com-pletion in the fourth quarter of 2007. The 600,000-square-foot community retail center will have 16 steel, stone andglass buildings arranged in a master-planned setting featur-

ing national anchor ten-ants, retail pads and in-line retail opportunities.

Marnell Airport Center,M a r n e l l P r o p e r t i e snewest development pro-ject, broke ground in Au-

gust of 2007. The master-planned office park will be adjacentto McCarran International Airport and will feature three, three-story 81,000 square feet office buildings and a single-storyoffice building.

In each of these projects, Marnell Properties is definingstandards that meet the needs of a growing and increasinglysophisticated business community. The master commercialdeveloper provides valuable opportunities for clients, employ-ees and the industry at large by defining new and higher stan-dards and expectations that create more productive work en-vironments and make a distinctive statement.

Marnell PropertiesDefines a New Las Vegas

M

”Marnell Properties is creating three high-profile business communities in Las Vegas.“


n 2006, NAIOP formed its newestcommittee led by Pamela Vilkinwho is also the president of the

local chapter of the US Green BuildingCouncil. The Sustainable DevelopmentCommittee’s main focus is to educate themembership about the benefits of greenbuilding and responsible development.

“Sustainable Development is an issuethat’s time has come,” said Tony Dazzio,chapter president. “It is critically importantto the community at large and the industryspecifically.”

Las Vegas has more than 25 buildingsregistered for Leadership in Energy and En-vironmental Design (LEED) and three ofthose have received the designation. Sev-eral categories are judged to be certified in-cluding the site, water efficiency, energy ef-ficiency, material and design.

The committee is already making an im-pact on the organization. It has identifiedfour main goals including identifying andunderstanding criteria for LEED BuildingCertification, promoting the use of bestpractices among NAIOP members, gather-ing and monitoring information regardingsustainable development, and attendingkey conferences and educational eventsabout sustainable development.

The Sustainable Development Committeehas studied samples of environmentally-friendly construction materials, such aswall coverings and durable flooring prod-ucts. Research is available on the chapter’sWeb site to provide members with a simplesource for sustainable resources. The Sus-tainable Development Committee coordi-nated Education Committee to present “TheGreening of Nevada,” an educational semi-nar that was the first opportunity for thenew committee to inform the membershipabout their growing scope of activities.

Other topics of interest are the incentiveprograms being offered by local utility companies. During a recent meeting,the group learned of trends in the construc-tion recycling industry and will soon make apresentation on the building commissioningprocess.

I “Sustainable Development is an issue that’s time has come.”

Sustainable Development CommitteeA Greener Nevada

http://www.mcdonaldcarano.com


Industry Trends CommitteeKeeping Members Up To Speed

eeping abreast of industrytrends is critical for NAIOPmembers. Three years ago,

NAIOP established a committee to identi-fy and monitor industry trends that im-pact the commercial real estate industry.It is this committee’s responsibility to ed-ucate members and leadership about theeffects these trends may have on the in-dustry and the community as a whole.Rick Myers, past president of NAIOP, es-tablished the Industry Trends Committeeand serves as its chair.

When the committee was formed,the initial topic was the emergence ofgreen buildings and Leadership in Ener-gy and Environmental Design (LEED) cer-tification. The committee followed thetrend and identified the people whocould educate the membership about im-pact. It worked closely with the Educa-

tion and Program Committees to sched-ule seminars and meetings to discussthe topic. The chapter’s leadership iden-tified this trend as a growing issue in thevalley. To further educate and assistmembers, it formed the Sustainable De-velopment Committee.

“This example is exactly what thegroup is trying to accomplish – identify-ing new trends and mobilizing the mem-bership,” said Myers.

Of current concern, is the lack ofavailable land for commercial develop-ment in the Valley. This is specifically anissue with the majority of NAIOP’s indus-trial development members. As housingdemand has increased in recent years,much of the land suitable for warehousedevelopment and distribution buildingswas rezoned and purchased by homebuilders, creating a concern that the dis-

tribution facilities needed to support arapidly growing economy, would becomefar more difficult to develop.

NAIOP worked closely with local andnational elected officials to bring thisissue to the forefront and develop solu-tions to the emerging problem.

Members have been researchingthe diminishing supply of industrialland caused by BLM policies, escalat-ing land costs, rezoning to residentialuse and other factors and educatingelected officials. The group is planningto commission a study to evaluate fu-ture alternatives.

“We feel it is our responsibility as achapter to stay ahead of these trends,”chapter President Tony Dazzio said.“The committee continues to be for-ward-thinkers, presenting the mostpressing emerging trends to members.”

K

http://www.martinharris.com


rudential-IPG CRES expects tosell out by year’s end at itsShea at Tenaya Village office

park -– thanks to high demand in its un-derserved section of North Las Vegas.

The $21 million, 100,000-square-footoffice project fills a void in the area,which offers few alternatives for miles,says Miriam Campos-Root, vice presi-dent of Prudential-IPG CRES.

Located on a 10-acre parcel frontingAzure Way, construction on the sevenbuilding complex is nearing completion.“The final two buildings are currentlyunder construction and to date the com-plex is about 75 percent sold,” Campos-Root said.

With the market returning to normalafter a red hot pace, the sales rate forShea at Tenaya Village remains brisk.Campos-Root predicted all unit saleswould close by the end of 2007, twoyears after its marketing of the projectbegan.

Prudential-IPG CRES had the client inmind during the planning process. Theydecided not to build the units to suit,opting rather to let buyers call the shotson the interior, Campos-Root noted.

Included in each gray shell is the con-crete slab, utility connections and firesprinklers. The buildings feature modernarchitecture with stucco and stone fa-cades, as well as abundant signage andparking.

Among the project’s favorable attrib-utes is its close proximity and exception-al visibility to US 95 and I-215 Beltway.Besides professional office interests, italso has carved out another niche. “Thisproject has been popular with medicalusers because of the proximity to thenew Centennial Hills Hospital,” Campos-Root said.

The project offers a complimentarymix of tenants such as a chiropractic of-fice, internal medicine, real estateagency, insurance company, an ortho-dontist and dentistry practices.

There is still availability in this much-needed office park in the Northwest areaof town. Currently, the project is selling

at about $230 to $250 per square foot.There are two remaining units in theone-story buildings, sized at 2,012 and3,089 square feet. The project’s remain-ing two-story building, sized at 28,202square feet can be subdivided into units,as small as 4,000 square feet.

Shea at Tenaya VillageApproaches Sell-Out

P “This project has been popularwith medical [users] because of the proximity to the new Centennial Hills Hospital.”

http://www.CNB.com


Communications CommitteeResource of Information for Members

or an organization the size ofNAIOP, communicating withmembers is extremely important.

The chapter’s Communications Commit-tee’s primary focus is to let members knowwhat is happening both inside and outside

the group. NAIOP keeps members informedwith a number of communication forumsincluding its Web site, its newsletter, NAIOPNOW, and through the media.

The chapter’s Web site is a usefultool in communicating with members.

The site includes links to news, events,memberships, sponsorships, committeesand other resources. Soon, it will offer in-teractive registration where memberscan sign-up for events and programs di-rectly on the site. Broader in scope thanthe magazine, the web site offers mem-bers a quick way to contact key membersof the organization, as well as an oppor-tunity to learn more about what is goingon within the organization.

NAIOP NOW is the chapter’s quarter-ly newsletter. The publication has grownin size from a black and white newsletterto a 50 page glossy magazine. The publi-cation provides recaps of the chapter’sactivities, informs members about up-coming events, profiles members andtheir companies and educates memberson trends in the industry. In addition tothe editorial content, the chapter alsosells ads to members allowing them toget in front of other members who mayutilize their services or products.

“Our focus is to keep members in-formed about what the organization andfellow members are doing, making it easierfor member-to-member interaction and fordoing business with one another,” saidCommunications Committee chair KarenMarshall. “In the back of the newsletter wehave a section called ‘Newsbites.’ This sec-tion gives members the opportunity to getthe word out about their projects, newhires, deals, etc. to other members.”

Another way NAIOP communicateswith members and the community isthrough the media. Members of the Com-munications Committee work closely withMassMedia, the organization’s communi-cations agency, to promote the chapter’sactivities and initiatives to the local press.

“We invite the media to every eventwe have,” said Tony Dazzio, president ofthe chapter. “We think it’s important tohave a relationship with the reporters andeditors who cover our industry. I think weserve as a great resource for them whenthey are writing articles about commer-cial real estate.”

F

http://www.molasky.com


Bus Tour Committee

very year NAIOP hosts its annualBus Tour. The event tours mem-bers around town to different com-

mercial, industrial, retail and office spaces, aswell as other developments. The tour givesmembers the opportunity to visit projects de-veloped by their peers. The Bus Tour is one ofNAIOP’s most popular events, with more than420 members boarding buses for a sightsee-ing tour around the Valley. The tour is meantto educate members on the development ac-tivities throughout the Las Vegas Valley. In ad-dition to the educational component, the BusTour also gives attendees the chance to net-work with developers and associate mem-bers who reserve booths at the exhibit fair.

The 19th Annual Bus Tour theme is the“Amazing Bus Tour,” with thematic similari-ties to CBS’s hit show. Attendees of the tourwill be competing against each other, addingan element of fun, competition and interactiv-ity. At each stop, along with learning detailedinformation about the property, games will beplayed and teams will rally behind their rep-resentatives to obtain clues that will helpthem win the tour. As usual, the tour will cul-minate with a cocktail party, held this year atthe All American Sports Park on Sunset Road,just south of McCarran International Airport.

“The Bus Tour offers obvious benefits tomembers who wish to learn more about thedevelopments and building trends occurringthroughout the Valley,” said Chris Larsen, BusTour Committee Chair. “It also offers valuablenetworking opportunities through our exhibitbooths and cocktail party.”

E

“The Bus Tour offers ob-

vious benefits to mem-

bers who wish to learn

more about the develop-

ments and building

trends occurring

throughout the Valley.”



ecoming the fourth largest chapterin the nation didn’t happen by acci-dent. The Membership Committee

of the Southern Nevada chapter was estab-lished to bolster the organization’s ranks anddevelop strategies to monitor growth andmember involvement. Each year, the Member-ship Committee sets a goal to attract potentialmembers, educate new members and providevalue to current members. To that end, thecommittee coordinates a variety of activitiesthroughout the year.

Attracting new members to the organizationis one of the main focuses for this committee.The organization continues its outreach to en-courage principal members, or developers,and associate members, industry profession-als who provide services to developers, to thechapter. Equally important is an increased em-phasis on attracting a younger generation tothe organization. The chapter has embracedthe national organization’s “Developing Lead-ers” program and host mixers for youngermembers. To entice these groups as well asothers, the Membership Committee uses sev-eral outreach methods.

“We have two call-a-thons per year tar-geting people who have come to breakfastmeetings and didn’t join, or companies whohave one representative who is already amember and we encourage others in firm tojoin,” said Bill Wilson, chair of the Member-ship Committee.

As the organization grows, the Member-ship Committee recognizes the need tohelp new members discover the benefits oftheir membership.

In 2007, the committee began hosting“New Member Orientation Workshops” toeducate members about the organizationand its outreach. More than 20 people at-tended the first workshop.

Membership Committee

Attracting New Members

B

http://www.cpssecuity.com

mailto:cpssecurity.com


Legislative VoiceThrough our Government Affairs Committee,we are able to educate our members about theissues that most affect them.

National ExposureWe are part of a national organization with ex-posure to educational forums and networkingopportunities on a national level.

Local ExposureOur members can expose their companiesthrough our sponsorship opportunities andevents to attain greater visibility. Through theSpotlight Awards program, member compa-nies, projects as well as individuals are recog-nized by their peers.

SocialOur chapter holds monthly breakfast meetingsfeaturing presentations by experts on topics af-fecting the commercial real estate industry and of-fering our members networking opportunities withmore than 300 individuals involved in the SouthernNevada Commercial Real Estate Industry.

Also, golf tournaments are held in the springand fall, offering a fun and enjoyable networkingopportunity, and an Annual Fall Bus Tour show-cases new developments in the Las Vegas area.

To reach its current members, the com-mittee coordinates members-only network-ing events, including mixers at venues suchas Celebrity Night Club, World Market Cen-ter; the Annual Putting Tournament; and theAnnual Holiday Luncheon.

Wilson said the events are held to allowmembers to meet each other in a social set-ting. After all, most people join the chapter tomeet and network with industry leaders.

“NAIOP allows you to meet people in thecommercial real estate community that youmight not otherwise meet,” Wilson said.President Tony Dazzio says in not just aboutmeeting people but meeting the right peoplethat attract many to NAIOP.

“A large percentage of our members areleaders in the industry,” said Dazzio. “Ifyou have a question, comment or observa-tion, the person sitting next to you is mostlikely part of the executive team in their or-ganization responsible for making deci-sions that shape the growth of the Valley.You never know who you may run into at aNAIOP event. That’s why we encouragemembers to get involved and attend.”

EducationWith at least five events each year, these pro-grams and seminars are designed to help youmaximize your professional development andbusiness opportunities.

Community ServiceNAIOP members believe the key to a successful community is in giving back to its'neighbors and making a difference in thegrowth of the Las Vegas Valley.

Chapter ActivitiesOur members can get involved in a num-ber of committees to help expand theirown membership. These include: ProgramCommittee, Golf Tournament Committee,Education Committee, Bus Tour Commit-tee, Government Affairs Committee,CREPAC (Commercial Real Estate PoliticalAction Committee), Communications Com-mittee, Sustainable Development Commit-tee, Community Service Committee andthe Spotlight Awards Committee.

Our members do business with members!

BENEFITS OF MEMBERSHIP

http://www.perini.com


NAIOP Presidents

Tony Dazzio2007 President

2006 • Ralph Murphy

2005 • Casey Jones

2004 • Rick Myers

2003 • Kevin Higgins

2002 • Rod Martin

2001 • Mark H. Bouchard

2000 • Richard D. Smith

1999 • Edward C. Lubbers, Esq.

1998 • Michael Newman

1997 • Robert A. “Tim” Snow, Jr.

1996 • Steven O. Spaulding

1995 • Micki Johnson

1994 • William R. Borinstein

1993 • Bruce G. Barton

1992 • Mark T. Zachman

1991 • Vernon L. Danielson

1990 • Donald R. Sanborn

1989 • Wai-Nung C. Lee

1988 • Kevin M. Buckley

1987 • Donald W. Haze

1986 • Donald W. Haze

http://www.lvcolliers.com


2007 OFFICERS, DIRECTORS AND COMMITTEE CHAIRS

EXECUTIVE COMMITTEE

PresidentTony Dazzio

Burke & Associates

President-Elect John Restrepo

Restrepo Consulting Group

Immediate Past PresidentGovernment Affairs Committee Chair

Ralph Murphy Jackson-Shaw Company

TreasurerRick Myers

Thomas & Mack Development Group

SecretarySallie Doebler

United Construction Company

Chapter ExecutiveKatrina Ferry

Alternative Management

DIRECTORSDirector

Dan DohertyColliers International

DirectorKevin Higgins

Voit Commercial Brokerage

DirectorSuzette La Grange

Colliers International

DirectorJeff Manning

Action Building Group

DirectorRod Martin

Majestic Realty Co.

Director, Education Committee ChairKyle Nagy

CommCap Advisors

DirectorMichael Newman

Trammell Crow Company

Director, Golf Tournament Committee Chair

Lee PhelpsReal Estate Group, Nevada, LLC

DirectorJohn Ramous

Harsch Investment Properties

DirectorBrad Schnepf

Marnell Properties

OTHER COMMITTEE CHAIRS

Communications Committee ChairKaren Marshall

Roel Construction

Programs Committee ChairEllie Shattuck

Martin-Harris Construction

Bus Tour Committee ChairChris Larsen

Dekker / Perich / Sabatini

Community Service Committee ChairBarbara Demaree

Southwest Gas Corporation

Sustainable Development Committee Chair

Pamela VilkinTradewinds Construction

Sponsorship Committee ChairMike Carroll

LM Construction Company, LLC

Membership Committee ChairBill Wilson

Nevada State Development Corporation

NAIOP 2007 Board of Directors: Back Row (L to R): Michael Newman, Rod Martin, Rick Meyers, Tony Dazzio, Ralph Murphy, John Restrepo, Kyle Nagy Front Row (L to R): Dan Doherty, Katrina Ferry, Sallie Doebler, Suzette La Grange Not Pictured: John Ramous, Brad Schnepf, Lee Phelps, Jeff Manning and Kevin Higgins


NAIOP SOUTHERN NEVADA CHAPTER2007 PRESIDENT’S CIRCLE SPONSORS

P L A T I N U MBurke & Associates, Inc.

CB Richard EllisCox CommunicationsEJM Development Co.

EmbarqSouthwest Gas Corporation

G O L DGlen, Smith & Glen Development

Majestic Realty Co.Marnell Properties

Plise Companies, LLCRoel Construction Company, Inc.

Thomas & Mack Development Group

S I L V E RAmerican Nevada Company

Bank of America NevadaCIP Real Estate

Colliers International, Inc.Commerce CRG/Cushman & Wakefield Alliance

CORE ConstructionDP Partners

Grubb & Ellis | Las VegasHarsch Investment Properties, LLC

JMAL M Construction Co., LLC

LaPourLee & Associates

Marcus & MillichapMolasky Group of Companies

Nevada Power Company1 Velocity, Inc.

Prudential CRESSilver State Bank

Stanley Consultants, Inc.Tradewinds ConstructionTrammell Crow CompanyTWC Construction, Inc.

United Construction CompanyVoit Commercial Brokerage

Wells Fargo

Access Commercial MortgageAffordable Concepts, Inc.Amtec Communications

Bank of NevadaBergelectric CorporationCENTRA Properties, LLCChristopher Commercial

City National BankCommCap AdvisorsCommunity Bank

Dekker/Perich/Sabatini, Ltd.Granite Exchange Services, Inc.

Helix ElectricIrwin Union Bank

Jackson Shaw CompanyJaynes Corporation

Juliet Land CompanyKeyBank

KKE / HFTA ArchitectsLangan Engineering & Environmental Services

Lee & Sakahara ArchitectsMartin-Harris Construction Co.

Martin & Martin, Inc.Nevada State Bank

OGI Environmental, LLCOpulence Studios Inc.

Orgill/Singer & AssociatesPanattoni Development Company

RBF ConsultingReal Estate Group Nevada LLCReMax Millennium CommercialRestrepo Consulting Group LLC

Roche Constructors, Inc.Sansone Companies

Southwest EngineeringSR Construction, Inc.Stoltz Management

Strata Building Group, LLCSun Commercial Real Estate

TerraconTicor Title

The Korte CompanyThe Penta Building Group, Inc.

TRCWESTAR Architectural Group/NV, Inc.

Western Risk InsuranceWPH Architecture. Inc

WRG Design, Inc.

B R O N Z E

http://www.groundskeeper.com


V I S I O NOur vision is to be the leading respect-ed authority on issues affecting com-mercial real estate development inSouthern Nevada that will:

• Include all commercial developersand owners in Southern Nevada as ac-tive, engaged members.

• Be an information resource deliveringvalue and knowledge to all our members.

• Be recognized by state and local pub-lic policy makers as a resource for in-formation and advice regarding pro-posed regulations and legislation.

G OA L S• To represent those who are involvedin the design, construction, develop-ment, sale/leasing, ownership and op-eration of commercial real estate.

• To encourage interaction and in-creased understanding among theprofessionals involved in all aspectsof commercial real estate.

• To enhance the public’s and publicofficials’ understanding of the impor-tance of commercial real estate.

• To provide member education and en-courage educational programs inSouthern Nevada.

National Association of Industrial and Office Properties

Southern Nevada Chapter

M I S S I O NThe mission of the Southern

Nevada Chapter of the NationalAssociation of Industrial and

Office Properties is to representand promote quality commercial

development in Southern Nevada.

http://www.fnbonline.com


1 Velocity, Inc.1st Commerce BankAccess Commercial MortgageAction Building GroupADT Security Services, Inc.Affordable Concepts, Inc.All World PromotionsAlternative ManagementAmerican Asphalt & Grading Co.American Fiber Systems, Inc.American Nevada CompanyAmPac Development CompanyAmtec CommunicationsAnchor DevelopmentApex Industrial ParkApplied AnalysisARGO CorporationAspen CommunicationsAsset Preservation, Inc.Assurance Ltd.Asylum Design, LLCAztec EngineeringBallard Spahr Andrews & Ingersoll, LLPBank of America NevadaBank of NevadaBank of the WestBarker Drottar Associates, L.L.C.Bergelectric CorporationBlue Heron LLCBonneville Mortgage CompanyBrian Berg Insurance Services, Inc.Brooks Corporation General ContractorsBrown & Brown InsuranceBuilders Capital, IncBurke & Associates, Inc.Burnham Real EstateBusiness Community CapitalBusiness Properties GroupBusinessSuitesCapital West Development, LLCCapSource Inc.Carpenter Sellers ArchitectsCartmill Rogers Construction CompanyCaviness Construction Company, Inc.CB Richard EllisCentra Properties, LLCCentra Realty CorporationChicago TitleChristopher CommercialCIP Real EstateCitation Property GroupCity National BankCity of Henderson Economic DevelopmentCity of Las VegasCity of North Las VegasCivil Works, Inc.Clark Construction Group, LLCClark County Comprehensive PlanningClark County Las Vegas Township ConstableColdwell Banker Commercial ETN Real Estate Services

Coldwell Banker Premier RealtyColliers International, Inc.CommCap AdvisorsCommerce CRG/Cushman & Wakefield AllianceCommercial ExecutivesCommercial Roofers, Inc.Communication Electronic SystemsCommunity Bank of NevadaConde Del Mar PropertiesConstrucion Testing Services, LLCConstruction Consultants. Inc.CORE ConstructionCornerstone CompanyCORT Business ServicesCox CommunicationsCreative Wealth Strategies Williams GroupCrescent Real Estate Equities, Ltd.Crisci BuildersD. R. Development, LLCDekker/Perich/Sabatini, Ltd.Desert Community BankDesign Concepts, Inc.DesignCell ArchitectsDFD Cornoyer HedrickDistinctive Real Estate & Investments, Inc.Diversified Capital FundingDiversified Communications Solutions, Inc.Diversified Real Estate GroupDiversified RealtyDomingo Cambeiro Corp.DP PartnersDragon Ridge Country ClubDSA DevelopmentDunn-Edwards PaintsDunrite Management LLCDurango Construction, Inc.Dwyer - Curlett & CompanyDynamic Commissioning Solutions, IncEd Vance & AssociatesEJM Development Co.EKN Engineering, Inc.EmbarqEquastoneEquity Title of NevadaErnst & Young LLPESG Construction ConsultantsEthos/Three ArchitectureFaciliteq of Nevada, Inc.Familian Development Group, Inc.Fidelity National Title Agency of Nevada, Inc.First American Title Co. of NevadaFirst Horizon Construction LendingFirst National Bank of NevadaFirst Republic BankFKC Properties, Inc.Flack + Kurtz, Inc.Fluoresco Lighting & SignsG.C. Garcia Planning & Development ServicesGE Real EstateGemstone Development LLC

Gensler of NevadaGeocon Inland Empire, Inc.Geotechnical & Environmental Services, IncGeoTek, Inc.Glen, Smith & Glen DevelopmentGoldwater Capital NevadaGreenspun Media GroupGrubb & Ellis | Las VegasHarris Consulting EngineersHarsch Investment Properties, LLCHatcher Constuction CompanyHaworth, IncHedley Construction & DevelopmentHelix ElectricHeller CompaniesHenriksen/Butler Design GroupHeritage SurveyingHill InternationalHollister Construction CompanyHouldsworth, Russo & Co.Indigo Architecture, Inc.Inter-Tel Technologies, Inc.Investment Equity DevelopmentIPG Commercial Real Estate ServicesIPX1031Irwin Union BankJ & D Inc.J.D. Construction, Inc.J.P.L. Engineering, Inc.Jackson Shaw CompanyJaynes CorporationJMAJoel Laub & AssociatesJohnson Jacobson WilcoxJP Dinapoli CompaniesJuliet Land CompanyKaercher Campbell & Associates Insurance BrokerageKalb Construction CompanyKeller Williams RealtyKen Templeton Realty & Investments, Inc.KeyBankKimley-Horn and Associates, Inc.Kitchell ContractorsKKE / HFTA ArchitectsKummer Kaempfer Bonner Renshaw & FerrarioL.M. Construction Company, LLC.Land America Commercial ServicesLand America Financial GroupLandry & Associates, Inc.Langan Engineering & Environmental ServicesLaPourLas Vegas Development Company, LLCLaw Office of Garry L.HayesLeavitt Insurance AgencyLedcor Construction IncLee & AssociatesLee & Sakahara ArchitectsLied Institute for Real Estate StudiesLink TechnologiesLND Construction

2007 NAIOP MEMBER COMPANIES


Longford Group, Inc.Lucchesi Galati Architects, Inc.Lyle Brennan InvestmentMajestic Realty Co.Manning Finance LLCMarcus & MillichapMark IV CapitalMark L. Fine & AssociatesMarnell PropertiesMartin & Martin, Inc.Martin-Harris Construction Co.MassMediaMatt Construction, LLCMcCarthy Building Companies, Inc.McDonald Carano Wilson LLPMcFadden Insurance Agency IncMetro Commercial PropertiesMolasky Group of CompaniesMountain West Small Business FinanceNadel Architects Inc.NAI HorizonNevada Business JournalNevada Commerce BankNevada Development + Realty Co.Nevada Pacific Realty CapitalNevada Power CompanyNevada Real Estate Group Nevada, LLCNevada State BankNevada State Development CorporationNevada Title CompanyNew Growth Commercial Real Estate CompanyNextGen Integrated SolutionsNigro DevelopmentNoble TitleNoggle ExchangeNorthwestern Investment Management Co., LLCOakview ConstructionOakwood Corporate HousingOdyssey Real Estate CapitalOffice Furniture USAOGI Environmental, LLCOld Republic Title Company of NevadaOlympia Development CorporationOneCapOpulence Studios Inc.Orgill/Singer & AssociatesOrigin Properties, LLCOZ Architecture of Las Vegas, LLCP G A LPanattoni Construction Inc.Panattoni Development CompanyPanelized Structures, Inc.Paragon Commercial Real Estate LLCParker ScaggiariParsons Behle & LatimerPCI GroupPerlman Architects, Inc.Pezzillo RobinsonPlise Companies, LLCPoggemeyer Design Group, Inc.

Post, Buckley, Schuh & Jernigan, Inc.Professional Roofing ServicesProgressive Roofing d.b.a. Progressive Services Inc.ProLogisPrudential Americana Group, REALTORSPrudential CRESR & O ConstructionR3D Inc.RAFI ArchitectureRBF Consulting, Inc.RDS Associates, LLCRE/MAX ExtremeReal Estate Services GroupRegal Financial BankREMAX Commercial Professionals, Inc.ReMax Millennium CommercialRemax PlatinumResource Reality Inc.Restrepo Consulting Group, LLCRG GroupRice Silbey Reuther & Sullivan, LLPRMI Investment ServicesRoche Constructors, Inc.Roel Construction Company, Inc.Romano Realty, Inc.RRC Consulting Group, Inc.RSM McGladreySaddleback AssociatesSansone CompaniesSAXA, Inc.Scott L. Baker Architect, Inc.Service 1st Bank of NevadaSH ArchitectureSierra Health Services, Inc.Signature HomesSilver State BankSky Mesa RealtySletten Companies of Nevada Inc.Snell & Wilmer, LLPSnow Management Services, LLCSouthern Nevada IBEW/NECA - LMCCSouthwest EngineeringSouthwest Gas CorporationSouthwest Title CompanySpectrum Surveying & EngineeringSR Construction, Inc.SSA ArchitectureSt. Croix Capital Corporation/ NLV Industrial Center LLCStable Development, LLCStanley Consultants, Inc.Stantec Consulting, Inc.Stewart Development Company and Valley Construction CompanyStewart Title of NevadaStoltz ManagementStrata Building Group, LLCStudio VBM, LLCSummit Builders of NevadaSummit Engineering CorporationSun Commercial Real EstateSunland Asphalt

Tamares Real Estate Holdings, Inc.Tate Snyder Kimsey ArchitectsTerra West RealtyTerraconTerritory IncorporatedThe Bentley Group Real Estate AdvisorsThe Business PressThe CW GroupThe Gilmore CompanyThe Howard Hughes CorporationThe Korte CompanyThe Penta Building Group, Inc.The ReD Report, LLCThe Regus GroupThe Ribeiro CorporationThe Staubach CompanyThe WLB Group, Inc.Thomas & Mack Development GroupTicor TitleTitleOneTower Realty & Development. LLCTown & Country BankTradewinds ConstructionTrammell Crow CompanyTRCTrident Property Management, Inc.Triple Net Properties, LLCTWC Construction, Inc.U.S. Dept. of Housing & Urban DevelopmentUnited Construction CompanyUniversity of Nevada Las VegasUS BankV POINT- A TRC CompanyVenture Corporation Las VegasVoit Commercial BrokerageWalter P. MooreWater Street South ,LLCWatt, Tieder, Hoffar & Fitzgerald, LLPWells Fargo BankWest Coast Development Partners, LLCWESTAR Architectural Group/NV, Inc.Westcor 1031 Exchange CompanyWestern Pride ConstructionWestern RealcoWestern Risk InsuranceWestern Technologies IncWestern Wall & Ceiling Contractors AssociationWestland EnterprisesWhiting-Turner Contracting CompanyWindermere Prestige PropertiesWPH Architecture. IncWRG Design, Inc.Wright EngineersXO CommunicationsYoung Electric Sign CompanyZappos.Com Inc.Zions Small Business FinanceZone Engineering

2007 NAIOP MEMBER COMPANIES


Plise Companies, LLC

Harsch Investment Properties, LLC

Coldwell Banker Commercial ETN Real Estate Services

Dekker/Perich/Sabatini, Ltd.

Colliers International, Inc.

Action Building Group

Panattoni

Glen, Smith & Glen Development

Marnell PropertiesDP PartnersLaPour

Community BankEJM Development Co.LM Construction Co., LLCMolasky Group of CompaniesPlise Companies, LLCWells Fargo SBA LendingNextGen Integrated Solutions

Affordable Concepts, Inc.CB Richard EllisCity of North Las VegasColdwell Banker Commercial ETNEJM Development Co.Grubb & Ellis | Las VegasHaworthJaynes CorporationLandiscorLangan Engineering & Environmental ServicesLee & AssociatesLM ConstructionMartin-Harris ConstructionMassMediaNevada Business JournalPerkowitz+Ruth ArchitectsProfessional Roofing ServicesRestrepo Consulting GroupSR ConstructionStanley ConsultantsTradewinds Design / Building InteriorVoit Commercial BrokerageWells Fargo SBA WRG Design, Inc.XO Communications

LUNCH SPONSOR

COCKTAIL PARTY SPONSOR

GUIDEBOOK SPONSOR

WATER BOTTLE SPONSOR

TOTE BAG SPONSOR

SHIRT SPONSOR

GO KART SPONSOR

LANYARD SPONSOR

SUB-MARKET SPONSORS

BUS SPONSORS

EXHIBITORS

2007 BUS TOUR SPONSORS

ChairmanChris Larsen

Dekker/Perich/Sabatini, Ltd.

Committee

Laurie AdairCB Richard Ellis

Kassi BelzMassMedia

Connie BrennanNevada Business Journal

David CohenSR Construction, Inc.

Adam CourrierRunning Bull Productions

Katrina FerrySouthern Nevada Chapter NAIOP

Suzette La GrangeColliers International, Inc.

Natalie ManningManning Finance LLC

April McCoyNevada Business Journal

Courtney MurphyThe ReD Report, LLC

Steve ParaviaVoit Commercial Brokerage

Richard PurvisFluoresco Lighting & Signs

Jeff RensmonJaynes Corporation

Bridget RichardsNew Growth Commercial

Real Estate Company

Andy SullivanWalter P. Moore

Mike TabeekColdwell Banker Commercial ETN

Real Estate Services

Sandy ThompsonDwyer - Curlett & Company

Garrett ToftVoit Commercial Brokerage

Chuck WittersLee & Associates

Tara YoungKummer Kaempfer Bonner

Renshaw & Ferrario

2007 Bus Tour Committee

http://www.majesticrealty.com

http://www.naiopnv.org

SPONSORED BY - Nevada Business Magazine · Leadership determines whether your ladder is leaning...

Documents

Transcript of SPONSORED BY - Nevada Business Magazine · Leadership determines whether your ladder is leaning...