MSG Sphere will have Las Vegas Monorail station

Gov. Brian Sandoval addresses the crowd at the ground breaking ceremony event for the Madison Square Garden Sphere, a new venue expected to open in 2021 in Las Vegas, Thursday, Sept. 27, 2018. The sphere shaped venue will have more than 18,000 seats and the largest LED screen on Earth that will wrap the interior of the bowl. Rachel Aston Las Vegas Review-Journal @rookie__rae
An artist’s rendering of the MSG Sphere Las Vegas distributed Thursday, Feb. 8, 2018, shows the 300-foot performance venue near The Venetian. Construction begins later this year with completion planned by 2020. MSG
Politicians and company executives break ground for the Madison Square Garden Sphere, a new venue expected to open in 2021 in Las Vegas, Thursday, Sept. 27, 2018. The sphere shaped venue will have more than 18,000 seats and the largest LED screen on Earth that will wrap the interior of the bowl. Rachel Aston Las Vegas Review-Journal @rookie__rae
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The Clark County Commission on Wednesday approved the construction of a Las Vegas Monorail station at the MSG Sphere at The Venetian arena project.

The stop near Sands Avenue is the second planned addition to the monorail’s route along the Strip. The other is an extension to Mandalay Bay.

The MSG Sphere station will connect with a pedestrian bridge between the Sands Convention Center and the sphere. The entertainment venue’s developers broke ground on the project in September, and construction is expected to be completed in the 2021 fiscal year.

The monorail track will be 5 miles long once the new stations are finished. The route will have nine stops and connect to 42,000 hotel rooms and the Sands Expo and Convention Center, Las Vegas Convention Center and Mandalay Bay Convention Center.

The Review-Journal is owned by the family of Las Vegas Sands Corp. Chairman and CEO Sheldon Adelson.

Contact Michael Scott Davidson at sdavidson@reviewjournal.com or 702-477-3861. Follow @davidsonlvrj on Twitter.

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Clark County Looks To Acquire Public Land For Affordable Housing

Clark County wants to build more affordable housing in the valley.

The Las Vegas Review-Journal reports county commissioners voted unanimously to submit a request to the Bureau of Land Management to acquire as much as 110 acres in the southern half of Las Vegas.

The land transfer could be done by the Southern Nevada Public Land Management Act, which allows the federal agency to transfer land to local jurisdictions.

The maximum number of apartments that could be built across the 10 parcels is about 1,980 because of density restrictions.

The county said they are focusing on this area because of its access to employment, public transportation and medical care.

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Dinner benefit to aid Las Vegas farmer’s markets organizer

Rooster Boy Cafe’s Sonia El-Nawal is planning two benefit dinners for Kerry Clasby.
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Rooster Boy Cafe’s Sonia El-Nawal will host a pair of dinners at the Lakeside Event Center on Dec. 14 and 15 to aid Kerry Clasby in her recovery from California’s Woolsey Fire.

Clasby, known as the Intuitive Forager, has organized several Las Vegas farmer’s markets and helped bring the products of hundreds of small family farms to kitchens on and off the Strip. Tragically, a farmhouse and several other structures on the farm she leases in Malibu, California, were destroyed in the recent wildfire.

“We lost one truck, one delivery truck, three containers full of all of the stuff we use for the farm, the seeds that we’ve been collecting for a long time. All my personal stuff is gone,” Clasby explained Friday at the Downtown 3rd Farmer’s Market that she organizes every week.

“My office is gone. Printers, a lot of the office things. The electricity is gone. We’re laying wire now.”

El-Nawal says that as soon as she heard about the loss, she knew she had to get involved.

“I got up in the morning and I was like, ‘Yeah, that’s what we should do. Let’s just eat, cook, celebrate her and help her out.’ Whatever we can get is better than zero. It’s a beginning forward.”

To defray costs, she’s turned to members of the local restaurant community to donate ingredients and time. She reports Esther’s Kitchen, Sparrow + Wolf, The Stratosphere, Other Mama, Cured & Whey and Urban Seed have all agreed to donate food. And she expects some of their chefs, managers and staff will lend a hand at the events.

“It’s so humbling,” Clasby says of the response. “You can’t believe it.”

The family-style meals will be available from 6:30 p.m. to 10 p.m. on both evenings, priced at $75 per person.

“The menu is very pop-up,” El-Nawal promises.

“It’ll be like a big ‘Chopped,’ basically. It’s a buffet meal, both pastry and food, family-style eating.”

The Lakeshore Event Center is located at 2620 Regata Drive in the Desert Shores community.

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Las Vegas Housing Prices Reached the Highest Level in the Last 11 Years According to LasVegasRealEstate.org

Las Vegas Real Estate market sees 11-year peak in housing prices with home sale average at $295,000, yet still remains lowest among major US cities

LAS VEGAS, November 16, 2018 (Newswire.com) – Real estate experts have marked a significant change in the economy and housing prices in Las Vegas during the last couple of months. 2018 has brought many changes to the Las Vegas real estate market, with prices rising rapidly and the number of available properties dropping just as quickly. However, it is certain that the city of Las Vegas is booming once again after the massive market crash in 2008. According to Nevada Current and the statistics from August 2018, the average price of a single-family home in the area of Southern Nevada equaled to $295,000. This shows how the prices have increased significantly since 2012 when the same properties were available for $118,000. However, even today’s average is still below the all-time high, which was $315,000, back in June 2006.

William Margita, a recognized industry leader and REALTOR at Urban Nest Realty says, “Despite being one of the fastest growing markets in the United States, the property values in Las Vegas are still below the average pricing of major U.S. cities and half the price of California.” The fact that Las Vegas offers lower costs of living and has no state income tax has contributed to the rapid increase in population over the last decade. This makes Las Vegas a great opportunity for those looking to find a permanent home at affordable prices, yet keep the luxury and convenience of living in even a guard gated community like the Las Vegas Country Club where condos still start at $120,000 and homes for $300,000. Margita adds the 30 percent of buyers are currently coming from California where they may be selling a Million dollar home, then buying a comparable property for half the money in Las Vegas and taking advantage of the cost-of-living ratios and active lifestyle.

Chris Bishop, the president of the Greater Las Vegas Real Estate Association, added that the prices of single family homes fell for 6.6 percent compared to the previous year, while the prices of condos and townhouses went up for 11 percent. This fluctuation in the market could indicate that the trend is about to rise again. “At the rate we’re going, with prices going up by nearly $5,000 per month, it’s possible that local home prices could finally get back to their all-time peak sometime later this year,” added Bishop, the president of GLVAR, in June of 2018. The Nevada Independent further explained that, at the rate things are currently going, the housing prices could even grow above the all-time record of 315,000$ in the first quarter of 2019.

The property values in Las Vegas are still below the average pricing of major US cities…

Besides the slight fluctuation seen throughout May, June, and August, there are plenty of other factors that make Las Vegas real estate an interesting and quite diverse market. With the city constantly expanding, the demand for housing never seems to drop. Buyers are searching for properties on a daily basis, either looking for a permanent home or a profitable investment. The same source at The Nevada Independent tells us that apartment vacancy and rental inventory in Las Vegas has been declining since 2011. The fact that housing prices are increasing is going to benefit the rental market in the area, as more people are going to opt for renting in order to manage their budget increasing the profit for those who invested in rentals. One such market is Summerln, located to the west of Las Vegas, in which there are currently less than 96 Summerlin Condos for sale in the largest master planned community in Las Vegas.

According to the most recent analysis from the Lied Institute for Real Estate at UNLV, the apartment vacancy rate equals to 7.2 percent, while rental prices jumped from 876$ in 2008 to an average of 1003$ today. Furthermore, News Las Vegas confidently confirmed that the Las Vegas real estate market is indeed the hottest market in the nation. The recent changes in the pricing resulted in a value increase of 13 percent compared to last year. Besides new communities and complexes, the city is constantly growing richer in businesses, companies, and projects, which opens up new opportunities for people all over the nation.

Other sources such as the Review Journal also confirmed that the Las Vegas property prices are growing at one of the fastest rates in the country. With that said, if you were planning to sell a property, now would be the time to do so, as the values are about to reach the peak again. With the property demands rising, builders are competing to increase the availability of properties in the city, providing buyers with a wider variety of options. However, the president of GLVAR stated that the number of available housing properties is not even close to where it should be, as it will take a lot of work to meet such a rapidly growing demand. This might be an indicator that this real estate market is about to surpass its highest value ever recorded in 2006.

Las Vegas is already ranked number one by numerous reputable sources as one of the best cities to live in. The biggest question is whether these rising prices are going to scare the buyers away? While there is a possibility that the rapid increase in value might make some buyers abandon the idea of purchasing a Las Vegas property, it might also motivate others to make their move faster and secure a good property at a good price. Waiting only a few months longer could mean losing a great opportunity, as most real estate experts are expecting the prices to go even higher in 2019. For more information on the current Las Vegas real estate market, see www.LasVegasRealEstate.org.

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Raiders fans drawn to One Las Vegas

With the future home of the NFL Raiders visible from One Las Vegas, many long-time fans, such as Bruce Cappelli locked in their dream home at One Las Vegas. (One Las Vegas Mona Shield Payne)

California has long been a target market for Southern Nevada real estate, given the Golden State’s high taxes, high cost of living, home prices and traffic congestion. And now, with the rapid development of the future NFL Raiders stadium, there’s even more reason for Californians to make the move. At One Las Vegas, a twin 20-story condominium tower community on the south end of Las Vegas Boulevard, Californians make up more than 23 percent of homeowners, thanks to all those reasons and more.

Last fall when Oakland resident and die-hard NFL Raiders fan Vivian Williams learned the Raiders were moving to Las Vegas, she was inspired to purchase a two-bedroom, two-bath home with mountain views. She has since enjoyed many of One Las Vegas’ amenities, including its state-of-the-art, two-story fitness center, Transform; the movie theatre, Show; the full-service concierge; and activities and gatherings led by lifestyle director Evelyn Connors. She also appreciates the pet-friendly amenities at One Las Vegas and enjoys using them when her son and two dogs visit her.

“It’s the simple things that make a difference, like having freshly brewed coffee offered in the lobby. Everyone who works and lives here are so welcoming and friendly. And the location is wonderful, because I am minutes from great shopping, dining and only minutes from the future home of my favorite team,” Williams said.

Lance Baker, a seasoned bartender, relocated from Northern California to the Entertainment Capital of the World in 2013, eventually moving into his dream home at One Las Vegas in 2017. He enjoys the walkability to everything he needs, such as groceries, banking, neighborhood services and local casinos such as South Point and Silverton. He, too, was especially excited with news that the Raiders stadium would be close to home.

“California has many professional teams, but there were none in our hometown of Chico, so we adopted the Raiders,” Baker said. “Everyone at work says I’m crazy for buying a high-rise home, because they think it costs an arm and a leg. But when I share with them my utility costs and that I don’t even pay for things like cable or internet because it’s included, they are speechless. I tell my friends they should look into buying a home at One Las Vegas before it’s too late. Having the Raiders stadium as a neighborhood is just icing on the cake.”

Last February, Oregon business owner Bruce Cappelli purchased a two-bedroom residence, drawn to Las Vegas by the city’s more friendly tax climate and affordable cost of living. For someone who wanted to be on the Strip but avoid the associated inconveniences like traffic, noise level and crowds, One Las Vegas fit the bill perfectly.

“I was so taken with the community, I locked in my home 24 hours after seeing it for the first time,” Cappelli said. “I looked at several different floor plans on various floors. Ultimately, the top of the building offered a great vista of both mountains and the Strip. And now it looks like I’ll have views of the new stadium, which is a big bonus for me, since I’m a lifelong Raiders fan.”

One Las Vegas homes range from 1,344 square feet to 2,857 square feet, with many floor plans offering views of both the mountains and the Strip. Two-bedroom homes are priced from the mid-$300,000s, and three-bedroom homes are priced from the high $400,000s.

One Las Vegas recently received approval from Fannie Mae to offer financing options as low as 3 percent down for eligible first-time homebuyers and is only the second condominium community in Las Vegas since 2008 to obtain Fannie Mae PERS (Project Eligibility Review Service) final project approval. One Las Vegas also offers buyers Veterans Affairs-guaranteed mortgages in addition to traditional 15- and 30-year financing options.

One Las Vegas is close to Interstate 15, the 215 Beltway and just minutes from McCarran International Airport and is also in close proximity to T-Mobile Arena and the NFL Raiders stadium, which is under construction. Town Square, just a few blocks north of the property, provides one-stop shopping and scores of dining and entertainment options in the neighborhood.

For more information, call 702-405-9020 or visit the One Las Vegas on-site sales center at 8255 S. Las Vegas Blvd., or online at theonelv.com. The sales center is open Monday through Friday from 10 a.m. to 6 p.m.; Saturday from 10 a.m. to 5 p.m.; and Sunday from noon to 5 p.m.

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Next phase of Las Vegas Convention Center construction set for approval

Crews work on the foundation of the Las Vegas Convention and Visitors Authority’s $935.1 million convention center expansion on Wednesday, Oct. 31, 2018, on the north end of the construction site, which formerly was used as a parking lot. (Richard N. Velotta, Las Vegas Review-Journal; @RickVelotta)
Crews work on the foundation of the Las Vegas Convention and Visitors Authority’s $935.1 million convention center expansion on Wednesday, Oct. 31, 2018, on the north end of the construction site, which formerly was used as a parking lot. (Richard N. Velotta, Las Vegas Review-Journal; @RickVelotta)
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While construction has begun on the city’s $935.1 million convention center expansion, the first steps of the next phase began Wednesday.

The Las Vegas Convention Center District Committee unanimously recommended approval of a $13.5 million contract for a builder representative to oversee the final phase of what ultimately will be a $1.4 billion expansion and renovation project.

The committee recommended a contract extension with Cordell Corporation and that decision will go to the LVCVA board of directors for consideration on Nov. 13.

Cordell principal and owner Terry Miller has served as the LVCVA’s builder representative on the expansion portion of the project, which includes a 600,000-square-foot exhibit hall project, and three stories of meeting rooms underway northwest of the existing convention center campus on space previously used as a parking lot.

Progress update

Miller and Guy Martin, a partner with the Turner-Martin-Harris joint venture, gave an update on the project’s progress prior to the vote on the contract extension.

Miller said crews first had to relocate NV Energy power lines to trenches on the periphery of the project. They then removed all the asphalt from the parking lot and replaced it with fill dirt about 6 feet high to provide a level platform for the building’s construction.

A two-story visitor information center at Convention Center Drive and Paradise Road and a single-story building with restrooms were demolished and the connection to a pedestrian bridge over Paradise Road was left to be repurposed to connect to the new building.

Miller said the contractor is now drilling 595 holes 3 feet in diameter and ranging from 40 to 70 feet deep. Rebar cages will be dropped into the holes, then filled with concrete to form a network of underground columns on which the building will rest.

“Progress is being made and it’s all on schedule,” Miller said.

Crews must finish building new exhibition hall by January 2021 to accommodate the CES trade show.

Once the new exhibit hall is opened, the renovation stage would begin with crews taking the Convention Center’s four existing exhibition halls off line for renovation over a two-year period.

The Cordell contract amendment considers paying the company $545,000 a month during new construction and during the early stages of renovation and $169,750 a month for the last 12 months of the contract.

Martin said the contracting joint venture is finishing efforts to hire the last subcontractors and laborers to meet the requirements of Senate Bill 1. The legislation directed 25 percent of the work — about $189.5 million in contracts — go to Small Business Enterprise-qualified subcontractors.

Women, minorities included

While the legislation doesn’t demand it, Martin said the contractor also established a goal of hiring 14 percent (about $26.5 million of work) to go to minorities and 7 percent (about $13.3 million) to women-owned businesses.

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The small-business hiring requirement strictly involves Southern Nevada contractors. But Martin said the contractor would be hard pressed to fill the self-imposed 7 percent quota for women with local businesses. The company opted to give priority to Southern Nevada business women, then Nevada business women and then women from the region to fulfill the goal.

Contact Richard N. Velotta at rvelotta@reviewjournal.com or 702-477-3893. Follow @RickVelotta on Twitter.

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Biden campaigns for Nevada Democrats at Las Vegas rally on Saturday

LAS VEGAS (AP) — Former Vice President Joe Biden spoke of working class struggles and said President Donald Trump is shredding American values as the Democrat rallied union members in Las Vegas to support Jacky Rosen and other Nevada Democrats.

Rosen, a freshman congresswoman from the Las Vegas-area, is challenging incumbent Republican U.S. Sen. Dean Heller and the race is seen as one of Democrats’ best chances to flip a seat this November.

Heller is the only Republican senator seeking re-election in a state Democrat Hillary Clinton won in 2016. He’s a former Trump critic who has become an ally of the president and rallied with him in the northern, rural Nevada city of Elko Saturday.

In Las Vegas, Biden criticized Trump for his approach to Russia and President Vladimir Putin, his equivocating on white supremacists in Charlottesville, Virginia, and his immigration policies, including the separation of migrant families at the U.S.-Mexico border.

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American values, "are being shredded," Biden said. "They’re being shredded by a president who is all about himself. It’s all about Donald."

The crowd was dominated by members of the powerful, heavily immigrant Culinary Workers Union Local 226. The union represents about 57,000 housekeepers, bartenders, bellmen and other workers in the city’s casino-hotels and has been credited with giving Democrats key wins in the state in 2016.

People listen to former Vice President Joe Biden as he speaks during a Nevada State Democratic Party rally to promote voting at the Culinary Workers Union Local 226 headquarters in Las Vegas, Saturday, Oct. 20, 2018. (Erik Verduzco/Las Vegas Review-Journal via AP)

Democrats are counting on Latino mobilization driven by the union this year to avoid a repeat of the 2014 elections, when Democratic turnout in Nevada faltered.

Trump in Elko later scoffed at the idea of a "blue wave" of heavy Democratic turnout this November and mocked the smaller crowd at Biden’s event.

Culinary Union spokeswoman Bethany Khan said later Saturday organizers checked in more than 500 people for the Las Vegas rally, including some who filled in overflow areas away from the stage.

The rally outside the union hall north of the Las Vegas Strip included appearances from comedian Billy Eichner and a mariachi band and came as two weeks of early voting kicked off in the state.

Former President Barack Obama, who won Nevada during the 2008 and 2012 presidential elections, will be visiting the battleground state Monday with a get-out-the-vote rally in Las Vegas.

U.S. Sen. Catherine Cortez-Masto, left, and Rep. Jacky Rosen, raise their hands together during a Nevada State Democratic Party rally to promote voting at the Culinary Workers Union Local 226 headquarters in Las Vegas, Saturday, Oct. 20, 2018. (Erik Verduzco/Las Vegas Review-Journal via AP)

Biden also touted the candidacy of other Democrats, including Steve Sisolak, the powerful chairman of the county commission overseeing the Las Vegas Strip who is running for governor, and Susie Lee and Steven Horsford, who are seeking seats to Nevada’s 3rd and 4th Congressional Districts, both of which are considered swing seats.

"This election is literally bigger than politics. It’s bigger than politics," Biden said. "No matter how old or young you are, you have never participated in an election that is as consequential as this election national and locally."

Biden, who has said he won’t decide until at least next year whether he’ll seek the presidency in 2020, has been keeping a presence in early voting states like Nevada.
He’s scheduled to return Dec. 1 to speak to a fundraiser for the law school at the University of Nevada, Las Vegas.
___
This story has been updated to correct the proper name of the union.

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