VEGAS INC Magazine - Latest Las Vegas business news, features and commentaries about gaming, tourism, real estate and more
Issue link: http://www.ifoldsflip.com/i/112509
M A R C H 4 , 2 0 1 3 / Y O U R b u s i n e s s - t o - b u s i n e s s w e e k ly SPECIAL FOCUS SMALL BUSINESS This month, VEGAS INC highlights Southern Nevada���s small business community. out-of-state Investors spend millions on bulk real estate deals steve marcus SHARED SPACE: Leo Agustin, left, and Michael Hatcher, managers for Regus executive suites, work in a conference room at the company���s Tivoli Village location. Hatcher manages executive suites on Howard Hughes Parkway. Agustin manages the Tivoli Village location. Both are hubs for executives who need flexible space. ON THE MOVE Executive suites offer flexible office space to startups, small businesses and traveling execs D By Ron Sylvester staff writer ave Rolley lives in Las Vegas but travels all over the world as vice president of Ampcontrol, an electrical engineering and manufacturing company based in Australia. Right now, he���s setting up six branches in the United States and overseeing the firm���s operations in South America. �� Rolley needs an office wherever he goes, whether it���s Summerlin, Pittsburgh or Bueno Aires, so he uses executive suites ��� rental offices with flexible lease terms for small- to mid-size business owners and executives who travel. see EXECUTIVE SUITES, page 16 20130304_VI01_F.indd 1 By Eli Segall staff writer Buying commercial real estate in the Las Vegas Valley is risky business. Rents are low, vacancy rates are high, and landlords have to give months of free rent to sign tenants. But some out-of-state investors just can���t get enough local buildings. In recently months, they have snatched up bulk purchases of office buildings, shopping centers and fastfood restaurant properties. Such deals typically are rare in Las Vegas, but prices are low and many people believe the real estate market will improve. ���There has been a red ���X��� over Las Vegas as an investment location,��� Panattoni Development Co. partner Doug Roberts said. ���That���s going away fairly quickly.��� Buying in bulk is a quick and relatively cheap way to become a powerful landlord. And if the economy turns around, investors could net big profits see BULK SALES, page 15 INSIDE TODAY UP FOR BID | P. 6 Minority-owned companies hope to land jobs on a planned high-speed rail project ORDER UP | P. 7 Should the state risk $350 million to settle casinos��� comped meals lawsuit? THE LIST | P. 22 Skilled nursing facilities, by beds 2/28/13 2:26:41 PM