Business Briefcase

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DEVELOPMENT

Summerlin a finalist

for community award

The Urban Land Institute, a nonprofit education and research institute dedicated to real estate development, has named Summerlin one of two finalists in its 2001 Awards for Excellence competition in the category of new communities.

Established in 1979, the ULI Awards for Excellence program has gained a prestigious reputation. Community projects are evaluated on several criteria, including financial viability, resourceful land use, design, relevance to contemporary issues and sensitivity toward the community and the environment.

"The Summerlin success story is one of the most compelling in the country," said Dan Van Epp, president of Summerlin developers The Howard Hughes Corporation. "Less than one year after the first family moved into Summerlin, it became the country's best-selling master-planned community -- a position held eight of the past nine years."

The award will be presented at ULI's fall conference held in Boston in October.

ORGANIZATION

Business association

directors named

The Downtown Henderson Business Association, a newly formed organization designed to stimulate economic development in Henderson's downtown sector, has named its board of directors.

The officers are: Mari Rene Al of Monograms Magic & More, chairman; Judy Henkens of Asset Realty, vice chairman; Ann Sanders of Desert Rose Salon, secretary; and Sandy Kincaid of Silver State Bank, treasurer. Other board members include Michael Holland of Gold Casters Jewelry, Oscar Portillo of the Rainbow Club Casino, and Richard Blanchard of AQ Denture.

APPOINTMENT

R & O's Jones

named to forum

Casey Jones, regional vice president of R & O Construction, was recently appointed to the National Association of Industrial and Office Properties National Associates II Forum. The forum is limited to NAIOP members and focuses on topics that can influence the way members serve the commercial real estate industry.

"We are pleased to have Jones represent the Southern Nevada NAIOP chapter on a forum that impacts the industry in a positive manner," said NAIOP executive director Micki Johnson.

HIRINGS

Local businesses

welcome newcomers

Henderson-based Asset Realty and Management has added April Growden, Cherrie J. Roe and Amy Yonts to the company as real estate agents.

Lake Las Vegas Resort has hired Rosamari Diaz as human resources manager and Richard W. Jones as vice president of resort operations.

Paragon Asset Management company of Henderson has appointed Jaime Frederick to the position of office manager.

Interior Motives, a local interior design firm, has hired Valerie Andriani to join the design team.

Pentacore Engineering has hired James McNutt as Director of Operations for the company. Pentacore also recently named Brian Mason, Manny Pattni, James Pearce and Brett Schreffler as vice presidents.

XO Communications Inc., has appointed Erica Attonito to account executive.

Sunrise Hospital and Medical Center has named Laurie Luongo vice president of human resources.Montecito Companies, the largest commercial landowner in northwest Las Vegas, has retained Dan Adamson and Mike Gleason of R.O.I. Commercial Real Estate Inc., as brokers for the retail portion of the Montecito Town Center Project. R.O.I. will handle all the leasing and marketing efforts for the 200-acre project.

R.O.I., a Las Vegas-based company founded in 1992, has been involved in real estate transactions valued in excess of $2 billion.

CONSTRUCTION

Phase I of MagnuM

center complete

Phase I of the MagnuM Corporate Center, a 9.7-acre, $10.5 million master-planned center in the Black Mountain Industrial Park in Henderson, has been completed.

RES Exhibit Service & LT Rentals will be the first company to move into the center. Phase II will consist of seven freestanding buildings and will break ground in early 2002. Total construction cost for the project is estimated at $11.5 million.