Thursday, October 17, 2019

Public records: Sept. 26, 2019 - Las Vegas Sun

Public records: Sept. 26, 2019 - Las Vegas Sun


Public records: Sept. 26, 2019 - Las Vegas Sun

Posted: 26 Sep 2019 12:00 AM PDT

BID OPPORTUNITIES

September 27

3 p.m.

Contract for janitorial services at Child Haven Cottages

Clark County, 605432

Deon Ford at [email protected]

October 3

2:15 p.m.

Alexander Road, Pecos Road to Puebla Street; Pebble Road, Eastern Avenue to Pecos Road

Clark County, 605341

Royal Alexander at [email protected]

Erie Pedestrian Bridge: Rainbow Boulevard to Windy Desert Street

Clark County, 605290

Royal Alexander at [email protected]

3 p.m.

Contract for janitorial services at Children Assessment Center (K-1) & DFS Children's Center (K-2)

Clark County, 605448

Cherry Cruz at [email protected]

October 7

2:15 p.m.

Paradise Park: Pool deck shade structure

Clark County, 605441

Sandy Moody-Upton at [email protected]

October 10

2:15 p.m.

Flashing yellow arrow Phase 2 (Lot 1) and traffic-signal improvements at various locations 101 (Lot 2)

Clark County, 605432

Royal Alexander at [email protected]

Shadow Rock Park parking lot and shade structure

Clark County, 605424

Sandy Moody-Upton at [email protected]

October 14

2:15 p.m.

Sunset Park: Shade structure replacement

Clark County, 605436

Sandy Moody-Upton at [email protected]

Molasky Park: Mini soccer field & wrought-iron perimeter fence

Clark County, 605438

Sandy Moody-Upton at [email protected]

October 17

2:15 p.m.

Joe Shoong Park: Premanufactured restroom installation and lighting improvements

Clark County, 605448

Cherry Cruz at [email protected]

September 27

3 p.m.

Contract for bond stock, paper stock and carbonless paper sets

Clark County, 605245

Sandy Moody-Upton at [email protected]

Contract for janitorial services at Cambridge Campus

Clark County, 605443

Cherry Cruz at [email protected]

BROKERED TRANSACTIONS

SALES

$13,850,000 for 71,872 sq. ft. of industrial

7145-7165 S. Buffalo Drive, Las Vegas, 89113

Landlord/seller: 7155 S Buffalo Las Vegas 294 LLC

Landlord/seller agent: Dean Willmore, SIOR; Alex Stanisic; Mike Willmore; Brian Riffel, SIOR; and Tyler Jones of Colliers International

Tenant/buyer: Watumull Enterprises, Ltd

Tenant/buyer agent: Mike Mixer, SIOR, of Colliers International

$6,350,000 for 25,892 sq. ft. of retail

5752 S. Fort Apache Road, Las Vegas, 89148

Landlord/seller: BK National Solutions

Landlord/seller agent: Logic Comercial Real Estate

Tenant/buyer: Manjinder Saini

Tenant/buyer agent: Roy Fritz, CCIM; Cathy Jones, CPA, SIOR, CCIM; Paul Miachika, Taylor Vasquez and Dylan Heroy of Sun Commercial Real Estate

$3,325,000 for 2,500 sq. ft. of retail investment

2 Pine Cone Road, Dayton, NV, 89403

Landlord/seller: 2 Pine Cone Road

Landlord/seller agent: Dan Gluhaich of Colliers International

Tenant/buyer: Albina Management Company

Tenant/buyer agent: Did not disclose

$3,125,000 for 0.81 acres of land

3215 Morgan Cashmans Way, Las Vegas, 89103

Landlord/seller: Huntington Classic, GKT 5 LLC, Gragson-Cactus Highland and Stanley Ambassador Limo LLC

Landlord/seller agent: Mike Mixer, SIOR, of Colliers International

Tenant/buyer: Carvana LLC

Tenant/buyer agent: Did not disclose

$2,593,810 for 15,888 sq. ft. of industrial

3944 Silvestri Lane, Las Vegas, 89120

Landlord/seller: Did not disclose

Landlord/seller agent: Did not disclose

Tenant/buyer: JGD Silvestri

Tenant/buyer agent: Jennifer Levine, CCIM, and Elizabeth Moore of RealComm Advisors

$1,500,000 for 7,523 sq. ft. of medical office

4640 W. Craig Road, North Las Vegas, 89130

Landlord/seller: Decatur Properties

Landlord/seller agent: NAI Vegas

Tenant/buyer: RSC Commercial Properties

Tenant/buyer agent: Michael Brazill and Edward Bassford of Sun Commercial Real Estate Inc.

$1,470,000 for 6,465 sq. ft. of office

2801 N. Tenaya Way, Las Vegas, 89128

Landlord/seller: Transwestern Investment Corporation

Landlord/seller agent: Lisa Hauger and Timothy Erickson of Sun Commercial Real Estate

Tenant/buyer: Leo Capobianco

Tenant/buyer agent: Realty Group Preferred

$1,400,000 for 7,800 sq. ft. of industrial/flex

3518 W. Post Road, Las Vegas, 89118

Landlord/seller: Magic Ventures

Landlord/seller agent: Paul Chaffee and Wil Chaffee of Sun Commercial Real Estate

Tenant/buyer: Ferraro Marble Companies

Tenant/buyer agent: Cushman & Wakefield

$1,360,000 for 7,163 sq. ft. of industrial

4185 W. Teco Ave., Las Vegas, 89118

Landlord/seller: Did not disclose

Landlord/seller agent: Did not disclose

Tenant/buyer: ZBH/Teco

Tenant/buyer agent: Mike De Lew, SIOR, and Greg Pancirov, SIOR, of RealComm Advisors

$1,350,000 for 28 multifamily units

1735 Athol Ave., Henderson, 89011

Landlord/seller: MWS Ventures

Landlord/seller agent: Jerad Roberts; Jason Dittenber; Devin Lee, CCIM; and Robin Willett of Northcap Commercial

Tenant/buyer: Did not disclose

Tenant/buyer agent: Did not disclose

$1,275,000 for 11,850 sq. ft. of office buildings

2421-2441 Tech Center Court, Las Vegas, 89128

Landlord/seller: The Edwards Nevada Trust

Landlord/seller agent: Paul Chaffee and Wil Chaffee of Sun Commercial Real Estate

Tenant/buyer: Fab 5

Tenant/buyer agent: MDL Group

$1,223,225 for 8,505 sq. ft. of office

3183 E. Warm Springs Road, Las Vegas, 89120

Landlord/seller: Brentwood West LLC

Landlord/seller agent: Did not disclose

Tenant/buyer: PJ Property Management LLC

Tenant/buyer agent: Chris Connell and Grant Traub, SIOR, of Colliers International

$995,000 for 5,510 sq. ft. of industrial

557 W. Sunset Road, Henderson, 89011

Landlord/seller: Sunset Pointe Group

Landlord/seller agent: Mike De Lew, SIOR, and Greg Pancirov, SIOR, of RealComm Advisors

Tenant/buyer: Tarett Holdings

Tenant/buyer agent: Did not disclose

CONVENTIONS

Browncoat Ball 2019

Sam's Town

September 27-29

200 attendees

National Nurses In Business Association National Educational Conference

Flamingo

September 27-29

375 attendees

Medical Gas Professional Healthcare Association—18th annual Medical Gas Educational Conference

Flamingo

September 30-October 2

250 attendees

Building Industry Consulting Service International Fall Conference and Exhibition

Mandalay Bay

September 29-October 3

4,500 attendees

Las Vegas Souvenir & Resort Gift Show

Las Vegas Convention Center

October 2-5

6,000 attendees

Pubcon Pro Las Vegas 2019

Las Vegas Convention Center

October 7-10

2,000 attendees

Nevada Healthcare Forum

Westgate Las Vegas

October 8

300 attendees

Vegas Food Expo

Mandalay Bay

October 8-10

2,000 attendees

AAHAM (American Association of Healthcare Administrative Management) annual National Institute

Caesars Palace

October 9-11

300 attendees

AAHDS (American Association of Integrated Healthcare Delivery Systems) Fall Managed Care Forum 2019

Bellagio

October 10-11

405 attendees

Mecum Collector Car Auctions 2019

Las Vegas Convention Center

October 10-12

15,000 attendees

2019 AANP (American Association of Nurse Practitioners) Fall Conference

Bally's

October 10-13

300 attendees

Big Boys Toys: The Innovation and Luxury Lifestyle Exhibition

Las Vegas Convention Center

October 11-13

7,000 attendees

Staffing World 2019

MGM Grand

October 15-17

1,600 attendees

Wedding MBA (Merchants Business Academy)

Las Vegas Convention Center

October 14-16

5,500 attendees

G2E: Global Gaming Expo 2019

Sands Expo & Convention Center

October 14-17

26,000 attendees

SupplySide West

Mandalay Bay

October 15-19

16,000 attendees

2019 NBAA (National Business Aviation Association) Business Aviation Convention & Exhibition

Las Vegas Convention Center

October 22-24

25,000 attendees

ABC Kids Expo

Las Vegas Convention Center

October 23-25

7,000 attendees

AICPA (Association of International Certified Public Accountants) Dealership Conference

Caesars Palace

October 28-29

380 attendees

Design-Build Conference and Expo 2019

Caesars Palace

November 6-8

1,600 attendees

BUSINESS

LICENSES

Beacon of Hope Hospice

8 Sunset Way, Suite 101, Henderson

Personal services

Owner/executive on file: New Hope Hospice Of Nevada

Beauty Inside Out by Maia 

6575 N. Decatur Blvd., Suite 180, Las Vegas

Permanent makeup 

Owner/executive on file: Maia Martin 

Big Thug Pest Control

1121 Wolf Fur St., Henderson

Property maintenance

Owner/executive on file: Bug Thug

Black Real Estate Professionals of Nevada 

7495 W. Azure Drive, Suite 110, Las Vegas

Instruction services 

Owner/executive on file: Deville, Greg 

Blaze Fast-Fire'd Pizza

673 Mall Ring Circle, Henderson

Restaurant/food service

Owner/executive on file: BRYZ Guyz

Blue Diamond Machinery

2880 N. Nellis Blvd., Las Vegas

Trucking

Owner/executive on file: Blue Diamond Machinery

Born and Raised Henderson

10050 S. Eastern Ave., Suite 170, Henderson

Restaurant/food service

Owner/executive on file: Town Lounge Henderson

Boulder City Electric 

1625 Carse Drive, Suite A, Boulder City

Contractor 

Owner/executive on file: Boulder City Electric

Braud's Funnel Cake CafĂ© 

4181 Pioneer Ave., Las Vegas

Mobile food vendor

Owner/executive on file: The Funnel Cake Cafe

Breakin' the Ice

439 Rock Quarry Way, North Las Vegas

Mobile food vendor

Owner/executive on file: Breakin' the Ice

Brooke Ashley Brown 

9525 Hillwood Drive, Suite 120, Las Vegas

Real estate

Owner/executive on file: Signature Real Estate Group

BusinessOne Insurance Solutions

2900 Sunridge Heights Parkway, Suite 1222, Henderson

Insurance agency or adjusting firm

Owner/executive on file: Michael B. Watson

Busy B's Professional Cleaning Services

1169 Gecko Road, Henderson

Property maintenance

Owner/executive on file: Busy B's Professional Cleaning Services

Butenko

2207 Valdina St., Henderson

Clothing

Owner/executive on file: Olga Maksimova

C Note Capital

6076 Alpine Estates Circle, Las Vegas

Automated teller operator 

Owner/executive on file: Cynda Campbell 

California Auto Glass 

2905 W. Washington Ave., Las Vegas

General retail sales 

Owner/executive on file: California Auto Glass

Castro Industries

1865 Via Delle Arti, Henderson

Property maintenance

Owner/executive on file: Castro Industries

Cherra D Bergman 

10000 W. Charleston Blvd., Suite 130, Las Vegas

Real estate

Owner/executive on file: Keller Williams the Market Place 

Christopher Khorsandi, M.D.

2759 Sunridge Heights Parkway, Henderson

Medical office

Owner/executive on file: Christopher Khorsandi, M.D.

Christopher Phelps 

8689 W. Sahara Ave., Suite 200, Las Vegas

Real estate

Owner/executive on file: Home Connect America 

Christopher, Shawn

10120 S. Eastern Ave., Suite 200(207), Henderson

Law firm or law office

Owner/executive on file: Shawn Christopher

Clean Right LV 

Las Vegas

Repair and maintenance 

Owner/executive on file: Pamela Cagliari

Coast to Coast Services 

Las Vegas

Management or consulting service 

Owner/executive on file: Titan Money Management

Collector's Gallery

611 Fremont St., Suite 110, Las Vegas

Tobacco dealer 

Owner/executive on file: Richard Sturman 

Concrete House

652 Finch Island Ave., Henderson

Contractor

Owner/executive on file: Concrete House

Conrad Lochner III, OD

1450 W. Horizon Ridge Parkway, Suite B306, Henderson

Medical office

Owner/executive on file: OD, A Professional Corporation Conrad Lochner III

Consulting 89103

5225 E. Lake Mead Blvd., Suite 101, Las Vegas

Management or consulting service 

Owner/executive on file: Arevalo, Jose M.

Cozy Meyer

3824 Dabney Drive, North Las Vegas

Massage therapists

Owner/executive on file: Cozy M. Meyer

Crafthaus Brewery 

197 E. California St., Suite 130, Las Vegas

Restaurant 

Owner/executive on file: Crafthaus Brewery

Creative Scuba

7721 E. Spencer J Zinner Drive, Las Vegas

Trucking

Owner/executive on file: Jayz Home Inspections

Culichitown

2400 W. Sahara Ave., Las Vegas

Restaurant 

Owner/executive on file: Culichitown-North Las Vegas

Cyan at Green Valley

1350 Kelso Dunes Ave., Henderson

Apartment house

Owner/executive on file: Sunroad Henderson Apartments

D&B Conveyor Systems

1525 Telfair Road, Savannah

Contractor

Owner/executive on file: D&B Conveyor Systems

David's Towing

456 E. Sunset Road, Henderson

Automobile towing

Owner/executive on file: Castillo, Juan David

DCMT

187 N. Gibson Road, Henderson

Medical transportation

Owner/executive on file: Dedicated Caring Medical Transportation

Deaf Centers of Nevada 

8020 W. Sahara Ave., Suite 125, Las Vegas

Nonprofit community services 

Owner/executive on file: Deaf Centers of Nevada

Del Taco No. 912

4449 E. Sunset Road, Henderson

Restaurant

Owner/executive on file: Del Taco

Del Taco No. 913

180 N. Pecos Road, Henderson

Restaurant

Owner/executive on file: Del Taco

Dennis Lytton Residential & Commercial Maintenance

183 Mount St. Helens Drive, Henderson

Property maintenance

Owner/executive on file: Dennis Michael Lytton

Diamond Cleaning

3421 Pastori Valley Court, North Las Vegas

Janitorial service

Owner/executive on file: Ciro Alejandro Agraz-Rodriguez

Diehl Realty

3180 W. Sahara Ave., Suite C16, Las Vegas

Real estate firm 

Owner/executive on file: Diehl, Bonnie 

Dirty Deeds

4682 Via Renaldo, Las Vegas

Trucking

Owner/executive on file: Courtney L. Putscher

Donis, Olivia V.

650 Whitney Ranch Drive, Suite 4027, Henderson

Door-to-door solicitor

Owner/executive on file: Olivia V. Donis

Dream Home Upgrades and Renovations 

1717 S. Decatur Blvd., Suite E33, Las Vegas

General retail sales 

Owner/executive on file: Dream Home Upgrades and Renovations

Dream Nails

10845 S. Eastern Ave., Suite 130, Henderson

Barbershop and cosmetology establishment

Owner/executive on file: Dream Nails & Spa

Earthly Systems

500 N. Rainbow Blvd., Suite 300, Las Vegas

General services (counter/office) 

Owner/executive on file: Anjan Nimmana 

EDR Home Healthcare

3237 Peaceful Shadows Court, Henderson

Personal services

Owner/executive on file: Ellen Dawn Raskin

El Dorado Choreographies 

4310 E. Tropicana Ave., Suite 9, Las Vegas

General services (counter/office) 

Owner/executive on file: Tanya Martinez 

Elite Restoration

60 W. Mayflower Ave., Suite N, Las Vegas

Property maintenance

Owner/executive on file: Elite Restoration

Elizabeth Beauty Bar 

1717 S. Decatur Blvd., Suite G5, Las Vegas

General retail sales 

Owner/executive on file: Yulay Elizabeth Casey 

Empire Stock Transfer

1859 Whitney Mesa Drive, Henderson

Commodities, securities, or mutual funds

Owner/executive on file: Empire Stock Transfer

Engaged Innovation

Las Vegas

Management or consulting service 

Owner/executive on file: June Slattery 

Eric Dustin Ayers 

777 N. Rainbow Blvd., Suite 120, Las Vegas

Real estate

Owner/executive on file: Wardley Real Estate 

Eyebrows R Us 

4880 E. Bonanza Road, Suite 1, Las Vegas

Cosmetological establishment 

Owner/executive on file: Marketing Guruss

F&S Mobile Auto Body

622 Winchester Drive, Henderson

Automotive

Owner/executive on file: Fortino V Sanchez & Shirley Sanchez

Fabulous & Divine

3712 E. Owens Ave., North Las Vegas

Variety store

Owner/executive on file: Corona Valenzuela Garoz

Faciliteq Nevada

1310 S. 3rd St., Suite 200, Las Vegas

Trucking

Owner/executive on file: Faciliteq Nevada

Fashionrosa 

4530 E. Charleston Blvd., Suite D10, Las Vegas

General retail sales 

Owner/executive on file: Maria Morgado 

FC Arms

175 Cassia Way, Suite A1114, Henderson

Manufacturer

Owner/executive on file: Full Conceal

FKF Group HC

2865 Siena Heights Drive, Suite 200, Henderson

Medical office

Owner/executive on file: FKF Group HC

Fonseca, Cynthia

4824 Monterrey Ave., Las Vegas

Massage and reflexology

Owner/executive on file: Cynthia Fonseca

Frank & Bean Coffee Co. 

7455 W. Washington Ave., Suite 115, Las Vegas

Food services or cafe 

Owner/executive on file: Frank and Beans

Las Vegas firefighters battle a fire in a commercial area – VIDEO - Las Vegas Review-Journal

Posted: 07 Oct 2019 12:00 AM PDT

Clark County and Las Vegas firefighters battle a fire in a commercial area at 824 E. Sahara Ave. in Las Vegas on Monday, Oct. 7, 2019. (Bizuayehu Tesfaye/Las Vegas Review-Journal) @bizutesfaye

How to Do Las Vegas on a Very Cheap Budget (Under $50) - Fodor's Travel

How to Do Las Vegas on a Very Cheap Budget (Under $50) - Fodor's Travel


How to Do Las Vegas on a Very Cheap Budget (Under $50) - Fodor's Travel

Posted: 04 Sep 2019 12:00 AM PDT

PHOTO: Kobby Dagan / Shutterstock

Vacations don't have to break the bank. Learn how to ball on a budget, Sin City style.

In this new monthly series, we'll teach you how to maximize your vacation budget and visit your favorite cities for less than a typical weekend at home. We'll furnish a two-day itinerary of free and insanely cheap things to do and places to eat, but how you get there and where you stay is up to you. With variable pricing based on travel dates, to find discount accommodation, consider all options from hostels and hotels to B&Bs. To score the best flight deals, always compare multiple booking sites, try different airline combinations, and be as flexible as you can with your plans.

Upon first glance, Sin City may seem like a pricey getaway, but savvy travelers know there are always ways to ball on a budget. From scoring complimentary drinks on the casino floor (post up by the penny slots) to free shows, entertainment, and rooms they dish out like candy, Las Vegas can actually be an incredibly cheap weekend away if you play your cards right. Don't leave it all on the table this trip because the house doesn't always have to win.

Cost: $9.99

The buffet is one of Las Vegas's signature dining experiences, and while casinos on the Strip are vying to outdo each other with lavish prime rib and seafood towers, the Garden Court was quietly voted the best buffet in downtown Las Vegas. Fill your belly with a smorgasbord of cuisines from Southwest to Asian delicacies, and be sure to save room for their famous rotisserie chicken. Player, player? You'll automatically save $1 just for joining their loyalty program, B Connected. In the mood to celebrate? Upgrade to the weekend champagne brunch for just $5 extra.

Cost: Free

People-watching is the ultimate free attraction in Las Vegas, but that doesn't mean there isn't plenty of entertainment on the Strip, too. The Bellagio fountains offer an impressive music, light, and water show every 15-30 minutes, while the animatronic fall of Atlantis at Caesar's Palace is a complimentary history lesson. Stroll through the blooms at the Bellagio Conservatory and admire the art at the Cosmopolitan as you get cultured in all facets of life.

Cost: $4

If you've ever wanted your 'za with a side of heavy metal, you'll love Evel which is part NY-style pizza joint, part time capsule. The brainchild of Evel Knievel's son, Evel Pie was built to commemorate the daredevil's iconic jump over the Caesar's Palace fountain with motorcycle memorabilia aplenty. A slice of cheese will set you back just $4, but if you're feeling gluttonous, specialty toppings like man candy bacon and rattlesnake sausage are just $1.50 extra.

Cost: Free

There's no shortage of photo ops in Sin City from the iconic "Welcome to Las Vegas" sign to Seven Magic Mountains, the colorful stacked boulders just 10-miles down the road. Admire the gondolas at the Venetian for much less than a trip across the pond and take in the "streetmosphere," their indoor street performers and human statues. Make yourself a DIY art crawl seeking out any number of the 100 murals sprinkled throughout downtown before heading to the Park, a new outdoor entertainment district with larger-than-life Burning Man-inspired pieces.

Cost: $7.20 for three tacos

Serving authentic Tijuana-style street tacos with a cult following, Tacos el Gordo has a 50/50 shot of canceling out any prior bad decisions or worsening them but we'll take those odds. Choose a protein from traditional meats like carne asada and spiced pork to more adventurous ingredients like pork stomach and beef head. Tacos start at just $2.40 depending on your filling.

Cost: Free

The most fun you can have with your clothes on, audience participation is encouraged at Harrah's Piano Bar as you belt out your best rendition of "Hound Dog" and sing-along with the resident Elvis Impersonator. Rock out to hits spanning six decades with tunes like "Jailhouse Rock" hopefully not foreshadowing.

Cost: $9.99

Known for their massive portions, you could split an entree at Hash House A Go Go and still leave in a food coma. Their signature buttermilk flapjacks will set you back just $8.99, but for an even more decadent treat, upgrade to Red Velvet, Snickers, blackberry granola, or brown sugar banana for under a 10 spot.

Cost: Free

When you're ready to escape the hustle and bustle of the Strip, get back to nature. The wildlife habitat at the Flamingo is home to their signature flock, parrots, pelicans, and swans in a 15-acre reserve. To experience life under the sea, the Silverton Aquarium has sharks, stingrays, and mermaids meandering about, while Mystic Falls Park at Sam's Town promises another immersive light and water show.

Cost: $7.10 for a combo

One of the most beloved burger chains west of the Mississippi, if you live anywhere other than one of the six states blessed with an In-N-Out Burger, you simply can't miss the chance to order a not-so-secret Double Double, Animal-Style and see what all the hype's about.

Cost: Free

Netflix and chill? Not in Las Vegas. At CBS Television City in the MGM Grand, anyone has the opportunity to preview and judge potential new shows to air on CBS, MTV, and Nickelodeon. They've also been known to test pilot games and technology in these free surprise screenings so you never know just what entertainment awaits.

Cost: $9 for three robata skewers

One of the best Chinatowns in the U.S., Las Vega's Asiatown is home to over 150 restaurants just two miles from the strip. You can find everything from mom and pop ramen joints to Thai, but one of the longtime staples is Raku. A James Beard semi-finalist multiple years running, they dish out Japanese small plates and noodle bowls but are really known for their robata grill. Proteins range from chicken to various cuts of Kobe beef skewers starting at just $3.

Cost: Free

Cirque de Soleil might set you back a pretty penny, but the performances at Circus Circus are completely free. With shows rotating hourly from high flying trapeze artists to feats of strength and skill, and yes, even clowns, be amazed while laughing all the way to the bank. For another circus-like atmosphere, Carnaval Court at Harrah's features alcoholic acrobatics with flair bartenders, live music, and as much chaos as you'd expect from a Vegas street party to close out your weekend in style.

INSIDER TIPCheck the events calendar to save even more. Freemont Street has major headliners like Nelly and the Wallflowers perform for free throughout the summer. The first Friday of every month, the Downtown Art District puts on an epic block party with live music and food trucks. It's Vegas – there's always something going on!

Phil Ruffin’s winning strategy for scoring his latest Vegas casino - Wichita Eagle

Phil Ruffin’s winning strategy for scoring his latest Vegas casino - Wichita Eagle


Phil Ruffin’s winning strategy for scoring his latest Vegas casino - Wichita Eagle

Posted: 16 Oct 2019 02:29 PM PDT

[unable to retrieve full-text content]Phil Ruffin's winning strategy for scoring his latest Vegas casino  Wichita Eagle

Sin City is getting a millennial makeover - Honolulu Star-Advertiser

Posted: 22 Sep 2019 12:00 AM PDT

LAS VEGAS >> Of all the ways to burn through cash in Las Vegas, zip lining 12 stories above the throngs at the outdoor mall known as LINQ Promenade may be the most thrilling. Next to hunting down zombies in a virtual reality game, seeing Lady Gaga in concert or hanging out at an arty day club with DJ Marshmello working the decks.

Say so long to your dad's Las Vegas of windowless casinos, showgirl revues and Celine Dion ballads. Resorts along the Strip and beyond aim to attract the next generation of hedonists — millennials, and the likeminded — keen on technology, contemporary art, food and the outdoors. Now that Dion's residency has bowed and Gaga's has begun, welcome to hipster Vegas.

"Forty percent of Las Vegas visitors this year will be defined as millennials," said Cliff Atkinson, the former senior vice president of hotel strategy at MGM Resorts International and current president of its Luxor Hotel & Casino. "You have to evolve and give that audience more of what they are looking for."

Two renewed resorts embody the new Vegas zeitgeist: the Park MGM Las Vegas, which replaced the Monte Carlo on the Strip; and the remodeled Palms Casino Resort, which spent $690 million on a contemporary art-filled redesign.

"The next wave of Vegas arrivals is coming in every day," said Jon Gray, the general manager of the Palms, fresh off the Electric Daisy Carnival that filled the resort with fans of electronic dance music in May. "You're seeing that shift a lot more to millennials. They are more experience-focused."

To be sure, excess is still the timeless temptation of Sin City and Vegas is a constant chameleon. But the present iteration feels fresh, with more diversions, including the following new attractions.

Checking into the Park MGM is like living in an Eataly. The Italian food emporium made its Vegas debut in December at the resort, occupying 40,000 light-flooded square feet with stalls devoted to pizza, pasta, panini and more under a two-story skylit ceiling that resembles an Old World train station.

Actual check-in requires mastery of self-check-in desks that spit out your keys, which MGM says is the largest automated operation in the industry (rooms from $99). Fortunately for the flummoxed, staffers mill around expediting the process.

Park MGM takes its name from the plaza it backs up to outside of T-Mobile Arena, home ice of hockey's Vegas Golden Knights. The outdoor theme is welcomingly low key in a town where the Luxor is a pyramid, and most welcome is outdoor seating at the Paris-channeling bistro Primrose and at Eataly.

Eataly is hardly the only culinary draw here. Waiters in tracksuits and rolled up chinos deliver sharable plates of dumplings, kimchi fried rice and elotes at Best Friend, the first Nevada-based restaurant by Los Angeles chef Roy Choi, who gave the world the Korean short rib taco (also on the menu). Chicago is represented by the elegant but unstuffy Bavette's Steakhouse & Bar in a stylish club setting. The same can be said for NoMad Restaurant, a spinoff of the New York original in a two-story, book-filled library where chef Daniel Humm serves his signature foie gras-stuffed roast chicken.

In its arty makeover, the Palms is also going for the party set, starting with its over-the-top dayclub and nightclub Kaos. A nearly 60-foot-tall statue of a humanoid by Damien Hirst strides on a daybed-filled island in a pool surrounded by sofas where day drinking patrons groove to the likes of Marshmello and Louis the Child.

As the Park MGM is mandatory for food lovers, the Palms is a must for fans of contemporary art (rooms from $79). A shark suspended in formaldehyde by Hirst hangs above the central bar, named Unknown. A nearby bar has a couple of Warhols. An oversized Hirst painting of skulls faces a sunny Takashi Murakami canvas of smiley-faced flowers. The restaurant Greene St. features murals by Banksy, Vhils and Kenny Scharf.

High rollers can bed down in a bilevel suite designed by Hirst or another one sporting a basketball court and full locker room.

Gaming in Las Vegas means, of course, gambling. But increasingly, this casino town is embracing other forms of gaming, including the video variety. Luxor, for example, added HyperX Esports Arena, a 30,000-square-foot, high-tech video gaming stadium with tiers of player stations.

AT THE MGM Grand Hotel & Casino, the 12,000-square-foot Level Up offers classic pool, foosball and pingpong as well as an arm wrestling table and Giant Pac-Man. But its next-gen pull is a 2,000-square-foot black box room that serves as the setting for Virtual Reality Powered by Zero Latency. Players wear VR goggles and backpacks and roam untethered through video worlds that range from armed zombie hunts to way-finding in a tropical paradise ($50 per person).

Also at MGM, fans of the "Hunger Games" series can enter the cinematic version — including a credible iteration of the Tribute Train and nearly 30 original costumes — through "The Hunger Games: The Exhibition." The show culminates in archery training with resistance commanders and a timed test of your accuracy in hitting video targets on a 60-foot screen ($35 for adults).

For no-skills thrills, the LINQ Hotel & Casino opened FLY LINQ less than a year ago. Ten parallel zip lines race toward the High Roller observation wheel 12 stories above ground (rides from $25).

For history buffs, the downtown Mob Museum, devoted to the rise of organized crime in the U.S. linked to wetting whistles during Prohibition, decided to go full retro by adding a basement speakeasy last year (get the password on Instagram) and an adjoining micro-distillery.

For foodies with FOMO, kill four restaurants, a slew of Vegas lore and a walking tour all in one Lip Smacking Foodie Tour (from $125). Founded by Chicago native Donald Contursi, the highly organized tours have participants consuming courses at four restaurants in just 2-1/2 hours. During my Afternoon Culinary Adventure, Contursi pointed out artwork by Henry Moore and Maya Lin, introduced a shop owner who deals vintage eyeglasses and offered endless insider info on where to eat (he's fond of the lunch special at Estiatorio Milos).

"There's so much to do in Las Vegas, all the more reason to do four restaurants at once," he said with a smile.


Anthony Curtis' column, Las Vegas Advisor, will return Sept. 29


Vegas reshuffled: MGM sells casinos, Steve Wynn faces ban - Fox Business

Vegas reshuffled: MGM sells casinos, Steve Wynn faces ban - Fox Business


Vegas reshuffled: MGM sells casinos, Steve Wynn faces ban - Fox Business

Posted: 15 Oct 2019 05:18 PM PDT

The Las Vegas Strip's business landscape experienced two dramatic developments on Tuesday, as MGM Resorts International sold two of its most prominent casino properties and Nevada gaming officials moved to bar a disgraced industry legend from doing business in Sin City.

Continue Reading Below

MGM Resorts sold the Circus Circus to casino magnate Phil Ruffin, owner of the Treasure Island Hotel and Casino, in a deal valued at $825 million, including $662.5 million in cash. The transaction is expected to close by the end of fiscal 2019, according to a press release.

In a separate deal valued at $4.25 billion, MGM said it would place the Bellagio into a joint real estate venture, with the Blackstone Group as controlling partner. MGM will hold a five percent stake in the venture and retain operational control over the Bellagio for $245 million in rent.

The Bellagio in Las Vegas, Nevada.

"This transaction confirms the premium value of our owned real estate assets, highlights the unique value of Bellagio as a premier asset in gaming and solidifies our status as a premier operator of gaming and entertainment properties," MGM Resorts CEO and Chairman Jim Murren said in a statement. "We will use the proceeds from this transaction, together with the proceeds from the pending sale of Circus Circus Las Vegas, to build a fortress balance sheet and return capital to shareholders."

Stocks in this Article

MGMMGM RESORTS INTERNATIONAL

$27.43

-0.44 (-1.58%)

MGM will net more than $5 billion combined from the two transactions. The casino chain has been evaluating potential real-estate sales as a means of paying down its debt and providing insurance during times of financial uncertainty, such as a recession.

An editorial stock photo of Las Vegas Strip showing Circus Circus hotel and Casino

The Bellagio and Circus Circus were two of the last three remaining properties on the Strip where MGM owns the underlying real estate, according to the Las Vegas Review-Journal. The MGM Grand is the third hotel on the Strip.

MGM shares were flat in trading Tuesday and are up more than 10 percent so far this year.

Steve Wynn under fire

FILE - In this March 15, 2016, file photo, casino mogul Steve Wynn gestures listens during a news conference in Medford, Mass. Nevada's gambling regulators have filed a complaint against the former casino magnate that could bar him from ever working

The Nevada Gaming Control Board asked the state's gaming commission on Monday to bar Steve Wynn, the former longtime chairman and CEO of Wynn Resorts, from working in the industry.

"Mr. Wynn has repeatedly violated Nevada's gaming statutes and regulations, bringing discredit upon the state of Nevada and its gaming industry," the filing says. "He is unsuitable to be associated with a gaming enterprise or the gaming industry as a whole."

Wynn has 15 days to respond to the filing, according to the Review-Journal.

Wynn resigned as CEO of his company in January 2018, days after a Wall Street Journal reported detailed dozens of allegations of sexual misconduct against the casino magnate. In one case, Wynn was alleged to have paid $7.5 million to settle a former female employee's claim that he had raped her.

The allegations sent Wynn Resorts' shares plunging and prompted the casino chain to deny payment of a $330 million severance package stipulated in his employment contract. Wynn has denied wrongdoing. He has sold off his remaining shares in Wynn Resorts.

The filing notes that Wynn failed to attend a hearing with gaming officials to address the allegations against him and accuses Wynn officials of failing to report the claims.

"When some of Mr. Wynn's alleged misconduct became public in 2018, it resulted in negative reporting that was widely disseminated in media outlets around the world," the filing adds. "This negative reporting and the underlying conduct harmed Nevada's reputation and its gaming industry."

Wynn has a personal net worth of more than $3 billion and helped develop several Las Vegas landmarks, including the Bellagio and Treasure Island.

Wynn's attorney did not immediately respond to the Associated Press' request for comment.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

MGM Resorts to sell Circus Circus for $825 million, strikes deal to lease back Bellagio - CNBC

Posted: 15 Oct 2019 01:13 PM PDT

The MGM Resorts International Bellagio Resort & Casino stands in Las Vegas, Nevada.

Bridget Bennett | Bloomberg | Getty Images

MGM Resorts International announced two deals Tuesday expected to bring in billions in cash, as it looks to fortify its balance sheet in the event of an economic downturn.

"We want to make sure — if and when the next recession comes — we have a fortress balance sheet," said Paul Salem, chairman of MGM's real estate committee of the company's board of directors.

MGM signed a deal to sell its Circus Circus Las Vegas property for $825 million to an affiliate of Treasure Island owner Phil Ruffin. The company views Circus Circus as non-core, said Salem.

Separately, Blackstone Real Estate Income Trust and MGM agreed to form a joint venture to acquire MGM's Bellagio real estate and lease it back to an MGM Resorts unit in a deal that values the property at $4.25 billion. MGM Resorts will have 5% equity in the joint venture and cash proceeds of roughly $4.2 billion once the deal closes. The MGM resorts subsidiary will pay $245 million in annual rent.

The deal for Bellagio, which valued it at roughly 17.3 times rent was "one of the highest ever paid for a [Las Vegas] strip asset," said Salem.

It could provide a strong benchmark for MGM, should it pursue similar deals with its other properties, said Salem. The resort operator's other holdings include MGM Grand, MGM Springfield, its 50% stake in CityCenter and 68% economic ownership in MGM Growth Properties.

"This transaction will certainly make people realize what the value of Las Vegas assets is," he said.

The two deals come months after MGM earlier this year added Keith Meister to their board. Meister is the chief investment officer of Corvex Management, which owned roughly 3% of MGM's shares as of January.

"Keith was on our real estate committee and he was very active on it. But before he joined the board we were on this path anyway," said Salem. He added that Meister was a "pleasure" to work with.

Shares of MGM were up modestly after-hours. Year to date, its shares have climbed nearly 15%

—CNBC's Contessa Brewer contributed to this report.

MGM sales with Blackstone, Phil Ruffin total more than $5B - Hotel Management

Posted: 15 Oct 2019 12:00 AM PDT

MGM Resorts International entered definitive agreements to sell Bellagio in Las Vegas and Circus Circus Las Vegas. The company described the two deals—one with Blackstone Real Estate Income Trust for Bellagio and the other with Treasure Island owner Phil Ruffin for Circus Circus—as the first steps in executing an asset-light strategy.

The casino giant currently owns several other real estate assets, including the MGM Grand in Las Vegas, MGM Springfield (Mass.), its 50 percent stake in CityCenter in Las Vegas and its 68 percent economic ownership in MGM Growth Properties. MGM Resorts said it anticipates opportunistically monetizing and/or unlocking value from these properties in a way that maximizes value creation for its shareholders and constituents.

The company will use proceeds from the sales "to build a fortress balance sheet and return capital to shareholders," Jim Murren, chairman/CEO of MGM Resorts, said in a statement. "These transactions enhance the Company's strategic and operational flexibility and reinforce its commitment to targeted new growth opportunities, including securing and investing in one of the integrated resort licenses in Japan and becoming an industry leader in sports betting in the U.S."

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

MGM Forms JV with Blackstone for Bellagio

Blackstone Real Estate Income Trust and MGM Resorts plan to form a joint venture split 95-5, respectively, that will acquire the real estate assets of the Bellagio for $4.25 billion in a sale-leaseback transaction. MGM Resorts estimated it will receive cash totaling approximately $4.2 billion. The deal is expected to close in the fourth quarter.

As part of the transaction, MGM Resorts will lease the property from the joint venture for an initial annual rent of $245 million. It will continue to manage, operate and be responsible for all aspects of the property on a day-to-day basis. MGM Resorts will sign a long-term lease and continue to be responsible for all operations and capital expenditures of the Bellagio, with the joint venture owning the property and receiving rent payments.

"As big believers in MGM Resorts and Las Vegas, we are thrilled to partner with MGM to acquire the Bellagio on behalf of our BREIT investors," Jon Gray, president/COO of Blackstone Group, said in a statement. "We look forward to a long and productive partnership with this world-class company."

Blackstone has been particularly busy over the past month. Most notably, it revealed earlier this month that its affiliate Blackstone Real Estate Partners IX plans to acquire a controlling interest in Great Wolf Resorts. The deal would form a $2.9 billion joint venture with Centerbridge Partners and give it a 65 percent interest in Great Wolf. On a smaller scale, Blackstone Group sold three Alaska hotels to Columbia Sussex and Blackstone Real Estate Partners Europe reached an agreement to buy five Greek hotels from the Mediterranean company Louis Group.

The Bellagio includes 3,933 guestrooms, more than 100,000 square feet of gaming, more than 200,000 square feet of meeting and convention facilities, retailers, botanical gardens and a wide range of food-and-beverage venues.

MGM Sells Circus Circus to Treasure Island Owner

MGM Resorts also entered a definitive agreement to sell the Circus Circus Las Vegas to an affiliate of Treasure Island owner Phil Ruffin for $825 million. The purchase price will comprise $662.5 million paid in cash and a $162.5 million note due 2024. The transaction is expected to close in the fourth quarter.

"Circus Circus has anchored the north end of the Las Vegas Strip for over 50 years, and I am excited to add it to my casino portfolio," Ruffin said in a statement. "I have tremendous respect for Jim Murren and the MGM team, and my relationship with them goes back to my friendship with Kirk Kerkorian and continues to this day."

The company originally acquired the property in connection with its acquisition of Mandalay Resort Group in 2005. Today, the 3,767-room property has 2,300 employees and is home to a five-acre indoor amusement park, a 10-acre RV park and a 37-acre festival grounds.

MGM to sell Bellagio, Circus Circus in Vegas - Finance and Commerce

Posted: 16 Oct 2019 11:35 AM PDT

MGM Resorts International, pressured by investors to unload its remaining company-owned casinos, agreed to sell the Bellagio resort in Las Vegas to Blackstone Group for $4.25 billion and will continue to operate the property under a lease arrangement.

The Las Vegas-based casino company also agreed to sell the Circus Circus property on the Strip, along with 47 adjoining acres, to real estate mogul Phil Ruffin for $825 million, according to a statement Tuesday.

With the sales, MGM Resorts moves a step closer to becoming a landless casino company, marking a new era for the largest operator of casinos on the Las Vegas Strip. When all of its deals close, the company will have just two wholly owned properties, including the flagship MGM Grand, remaining under its ownership. The company is keeping a 5% stake in the Blackstone-led venture that's buying Bellagio.

"The casino industry is evolving and we figured the best use of our intellectual capital was to focus on sports, live entertainment and reduce leverage," Jim Murren, MGM's chairman and chief executive officer, said in an interview. "It's very historic for a variety of reasons."

MGM has been restructuring under pressure from activist investors. The company has cut and reorganized management, and previously sold all but four of its wholly owned casinos to MGM Growth Properties Inc., a real estate investment trust it created three years ago. The REIT has an option to buy the MGM Springfield in Massachusetts.

The price for Bellagio represents 17.3 times the initial annual rent of $245 million, MGM said. Bloomberg News previously reported Blackstone was in talks to buy and lease back the Bellagio and MGM Grand. The property is being purchased by the Blackstone Real Estate Investment Trust.

MGM will use the proceeds to bolster its balance sheet and return capital to shareholders. Murren said the transactions will help the company target new growth opportunities, including one of the new integrated resource licenses in Japan and sports betting in the U.S. MGM has no plans to develop any more casinos in Las Vegas, he said.

Earlier deals

Ruffin, a real estate mogul raised in Wichita, Kansas, will pay $662.5 million in cash for Circus Circus. The $162.5 million balance will be in a note that's due in 2024. The parties expected to deal to close in the fourth quarter. The resort has 2,300 employees and includes a 20-acre RV park and 37-acre festival grounds.

Ruffin bought the Treasure Island casino from MGM for $746 million in 2009. The company then was trying to raise cash following the financial crisis and complete construction of its CityCenter project.

He fixed up Treasure Island, once known for its daily pirate battles outside, adding a western-themed barbecue restaurant and other amenities aimed at Middle American guests. Earlier, he partnered with Donald Trump on the Trump International Hotel, a non-casino hotel and condo development on the Strip.

Circus Circus, now more than 50 years old, was once a flagship property of publicly traded Circus Circus Enterprises. MGM ultimately acquired that company. The resort itself is located at the less-trafficked north end of the Strip.

The sale of Bellagio will provide a benchmark value to attract bidders for MGM's remaining real estate interests, Murren said, including the CityCenter properties that are co-owned with Dubai World, and the flagship MGM Grand.

Murren also said he wasn't concerned that Penn National Gaming Corp., another casino operator that had moved to a similar asset-light strategy, trades at a lower multiple of earnings than other casino companies. He said MGM's assets make it unique.

MGM Resorts enlisted Weil, Gotshal & Manges as its legal counsel, while PJT Partners and JPMorgan Chase & Co. served as financial advisers. Blackstone's REIT used Citigroup Inc. and Morgan Stanley as its financial advisers. Simpson Thacher & Bartlett LLP, meanwhile, was its legal counsel.

Like this article? Gain access to all of our great content with a month-to-month subscription. Start your subscription here

MGM Resorts International Announces Agreement To Monetize Bellagio Real Estate Assets - PRNewswire

MGM Resorts International Announces Agreement To Monetize Bellagio Real Estate Assets  PRNewswire

MGM Resorts International Sells Circus Circus Las Vegas For $825 Million - Hotel News Resource

MGM Resorts International Sells Circus Circus Las Vegas For $825 Million  Hotel News Resource

Netflix, Bank of America, Opioid Settlement, Brexit, MGM- 5 Things You Must Know - TheStreet

Netflix, Bank of America, Opioid Settlement, Brexit, MGM- 5 Things You Must Know  TheStreet