Development News, Spring 2007

Food, Fitness and Convenience at Molasky Corporate Center Even if you don't have an office, you're welcome at Molasky Corporate Center. Eco-friendly and built for high performance, the developers of Mo-lasky Corporate Center have created a campus environment that fosters a healthier and more productive life-style for the tenants and other users from the nearby downtown area. Built in accordance with con-struction practices and principles under the United States Green Build-ing Council's (USGBC) Leadership the highest categories, Gold, which will make it one of the largest privately owned and developed Gold-certified Green office buildings in the southwestern United States. As a Green building, the Molasky Corporate Center Southern Nevada Water Authority office lobby will provide a healthier work environment and offer more in Energy and Environmental De- efficiency in terms of precious re-sign (LEED) Green Building Rating sources, such as water and energy. System?, Molasky Corporate Center But that's not all?the entire is expected to be certified in one of ground level will (continued on page 2) The Molasky Group of Companies 3111 S. Maryland Parkway Las Vegas, Nevada 89109 702.735.0155 Fax: 702.737.7025 www.molaskyco.com SPRING 2007 Rich Worthington and Irwin Molasky place their order with Steve Creger of Jason's Deli ads. All menu items are trans-fat free, the first national quick-service chain to accomplish this, which is one of the reasons the deli is so popular. The deli is also introducing organic foods on its menu. Hand-in-glove with the holistic environment that Molasky Corporate Center offers is 24 Hour Fitness USA, Inc., which will occupy 15,000 square feet of space on the ground level. People who use alternative means of transportation, like bicycles, will have access to showers and lockers at 24 Hour Fitness. Hopefully, fitness mem-bers will workout before the start of their business day or after business hours thus avoiding rush-hour traf-fic, limiting commute time and reduc-ing any congestion in and out of the building during prime time. The ground level will also have Legal Copy Cats, a copy service center in 833 square feet of space, Bank of Nevada will operate a bank and ATM within 1600 square feet of space, and Java Detour will serve up its delicious coffees and specialty drinks within 818 square feet. ?continued from page 1 be devoted to amenities that serve the tenants and those who visit and work nearby at Holsom Lofts, Las Vegas Premium Outlets, World Market Cen-ter, Lou Ruvo Brain Institute as well as those who live at the new high-rise condos that now flourish along the downtown skyline. "We see this location as a great opportunity to reach thousands of new customers who live or work in the downtown area," says Steve Cre-ger, Executive Vice President of Deli Planet, Inc., which will own and man-age a 3,863 square foot Jason's Deli at Molasky Corporate Center. The menu at Jason's Deli features famous sandwiches, potatoes, soups and sal- If you have questions about any of our properties or are interested in discussing a development op-portunity, please contact Richard S. Worthington, President of The Molasky Group of Companies at 702-735-0155 or via email: 24 Hour Fitness, one of Las Vegas' favorite places to work out, will have a prime richw@molaskyco.com location in the Molasky Corporate Center Sure, at $107MM, the Molasky Corporate Center is quite an asset. But when it's all said and done, the most important asset at Molasky Corporate Center will be the people who work at the building each and every day. "We have a group of the most knowledgeable, well-known and highly regarded attorneys in the state," says Bill Curran, managing partner of the prestigious law firm Ballard Spahr Andrews & Ingersoll, LLP, which signed a 10-year lease for 12,166 square feet of gross rentable space on the 17th floor of the build-ing. Founded in 1886, Ballard Spahr Andrews & Ingersoll, LLP is one of the 100 largest law firms in the coun-try. "We want to provide them with the finest work environment that Las Vegas can offer and Molasky Corpo-rate Center fits the bill," says Curran. "Our staff deserves a work environ-ment that meets a higher standard for comfort, health, productivity and energy efficiency. It's not only a smart business practice for our people, it's good for the whole community." "This building will offer the cleanest and healthiest working envi-ronment in Las Vegas," says Suzanne Sanders, vice president of design and construction for the Molasky Group of Companies. "All interior finish materials such as adhesives and sealants, paints, car-pet products have no Volatile Organ-ic Compounds (VOCs), which react to light to create contaminants and pollutants," explains Suzanne. Instead of the traditional over-head duct system, Molasky Corpo-rate Center is installing an Under Floor Air Distribution (UFAD) sys-tem that uses the open space (under floor plenum) between the structural concrete slab and the underside of a raised access floor system to deliver conditioned air di-rectly to the work zone. A comfort zone provides in-dividual control to air flow and forces any VOCs up and out of breathing level. Coupled with the fact that this is a no smoking facility, it will have a very clean and healthy environment, which will be beneficial to everyone who works and visits here. "The tenants really have to 'buy' into the GREEN pro-cess," says Suzanne as building a Green building goes beyond construction?it includes the long-term maintenance and operation the building in a sus-tainable manner. "This means, the tenants need to use Energy Star appliances, recycle materi-als and use non-toxic cleaning and maintenance products." Another firm which has bought into the "LEED" lifestyle is Brown-stein Hyatt Farber Schreck. The Den-ver- based law firm which recently merged with Schreck Brignone has leased the entire 16th floor consist-ing of approximately 27,162 of gross leasable square feet of space. The Molasky Group of Compa-nies will be moving from its Mary-land Parkway headquarters to the 17th floor of the building. Known as the "eagles nest," the 13,700 square foot offices offer spectacular views of the Valley, spanning from the North Las Vegas airport to Main Street Sta-tion in downtown Las Vegas. These companies will join anchor office tenant, Southern Nevada Water Authority, which will have offices on seven floors of the building. Tuscany In Summerlin- Centre Village The most prestigious apartment living Tivoli ^ ^ Lone Mountain at Rainbow 215 Beltway ;ntennial ' North ? Lone Mountain Las Vegas o Cheyenne U.S. 95/Expressway Downtown Sahara Warm Springs ? Wigwam Silverado Ranch Horizon Ridgt Owning your own home may be the American Dream, but, believe it or not, there are people who don't want the hassles of-ten associated with homeownership? from maintaining the pool and land-scaping to changing light bulbs. This is good news for Ovation, which in joint ventures with The Molasky Group of Companies and other companies, will bring 1,033 brand-new units to market. Throughout the Las Vegas val-ley, Ovation currently owns and/or manages 15 apartment complexes with 4,511 units offering people an alternative to homeownership without compromising their life-style. In 2007, Ovation will open three new apartment communities. The company has spent the past few years de-veloping a multi-family product that has become its "brand"?handsome ar-chitecture that is more of-ten found in custom estate homes than rental apart-ments; amenities that rival those found at resorts; and spacious apartments complete with interior design finishes such as granite countertops, Moen"" faucets, built-in computer desks and floor to ceiling windows. Most properties offer direct ac-cess garages and have a convenience store on site. Madera In Summerlin- The Willows Village Acapella - Centennial east of Losee Direct access garages and mountain views Pacific Harbors Sunrise Sahara east of Nellis Great location, great price skylights Sky Court Harbors W. Desert Inn west of Durango Spacious floorplans and tennis, too! Nellis AFB Firenze Boulder Hwy. south of Russell Near Galleria Mall Summerlin Pkwy Venicia Fort Apache at Spring Mountain A residential gem located at Fort Apache and Spring Mountain Charleston Sahara Desert Inn Desert Inn Spring Mountain Flamingo t Verona ^ ^ Gibson at Boulder Hwy Flamingo Tropicana Viviani Russell west of 215 Beltway Close to freeway in dynamic southwest valley location Russell Russell Airport Adiamo Horizon Ridge at Stephanie Views, style and freeway Sunset Warm Springs Tesora mh y&m Post Road west of Fort Apache Features direct-access garages Positano Eastern and St. Rose Pkwy. Easy access in dynamic new community Amalfi Wigwam west of Las Vegas Blvd. Great loction for South Strip workers Chateau Calais Seven Hills Dr. south of St. Rose Pkwy. Old world luxury in a superb Seven Hills location OCEAN P A C I F I C C O M P A N I E S Ocean Pacific opens Jamaica Sands Ocean Pacific has just completed its latest beach front of-fering: Jamaica Sands at 3275 Ocean Front Walk in San Diego, California. Featuring two stunning ocean front condominium style homes with eight equally eye-catching studios adjoining at the back, Jamaica Sands has private rooftop decks and spacious patios that flaunt intoxicating views of the crashing surf and sand. Ocean Pacific has built a reputation for transform-ing distressed beach front property into luxurious condominiums that celebrate the ocean lifestyle. The company's signature, a wave, is evident from the building's striking architecture to several interior design finishes. Each residence is fully furnished with luxurious amenities including ultra-hip Cantoni furnishings, granite countertops, imported Italian flooring, in-unit washer/dryer and 42" and 50" plasma televisions. Prices range from $498,000 to $2,400,000. For more information, contact Valerie Marrone at 858-274-1553. # Technicolor Creative Services CBS m P W ; Va Studios rM: Sunset Boulevard Hollywood, California Molasky Pacific buys Two Hollywood Icons eluding millions of square feet of of-fice, industrial, retail and multi-family projects. Headquartered in Las Vegas with ad-ditional offices in Los Angeles and Dallas, the firm's projects are located throughout California, Colo-rado, Arizona, Texas, and Nevada. Steven is no stranger to Holly-wood. His father, Irwin Molasky, helped start LORIMAR which pro-duced An Officer and A Gentleman and Being There as well as the hit TV series, Dallas, Knots Landing and The Waltons. Steven's brother, Andrew was a former entertainment attorney and is currently a producer of the hit tele-vision show, Las Vegas and is the producer on the new major motion picture, Penelope starring Academy Award winner, Reese Witherspoon, and in the title role, Christina Ricci. Two iconic Hollywood proper-ties? CBS Studios (aka Co-lumbia Square) and Technicol-or? are being purchased by Molasky Pacific and Apollo Real Estate Advi-sors. The total value of the transac-tion is $80M. 6121 Sunset Boulevard, known as Columbia Square, served as the stu-dio and broadcast headquarters for KCAL/CBS in Hollywood. The studio was built in 1937 and expanded in 1940. The 4.6 acre lot currently has four existing buildings offering ap-proximately 126,350 square feet. The existing structures are currently being evaluated for preservation purposes. The architect for CBS properties is Johnson Fain. At 6087 Sunset Boulevard, The Techicolor Creative Services Buildings, formerly known as the Complete Post Building, offers two buildings with an approximate total of 49,000 square feet of space. Originally built in 1947, the property is currently used to pro-vide post-production services with te-lecine suites, editorial suites, machine rooms, master control rooms, film vault and administrative offices. It is a short distance from KTLA Studios, Paramount Studios, Raleigh Studio, Hollywood Center Studios and War-ner Bros. (The Lot). Both properties are to undergo a major mixed-use development poten-tially including residential, hotel, of-fice and retail components. "Hollywood loves a comeback story" says real estate developer Ste-ven Molasky. "Over many years, it lost its glamour and appeal and gained a seedy reputation. The area has extraordinary potential for ma-jor redevelopment. It's primed for a renaissance and we hope that our ef-forts contribute to making Hollywood a success story once again." Molasky Pacific is privately owned by Steven D. Molasky. His company and affiliates have created and own a wide range of real estate assets in- Andrew, along with Danny and Robin Greenspun and Scott Steindorff have completed principal photography on Love in the Time of Cholera, a film based on the novel by Nobel Prize-winner Gabriel Garcia Marquez. Di-rected by Mike Newell and shot in Colombia, the film is scheduled for release in the late fall. 31,000 sq.ft. Now Available at Bank of America Plaza 3 0 0 S O U T H F O U R T H S T R E E T BANK OF A M E R I C A PLAZA Company News The Design and Construction depart-ment at Molasky Group of Companies welcomes Kobi Weston as assistant project manager, Roland Clift as proj-ect superintendent, and Vic Waisanen as building engineer. Kobi oversees construction at Paradise Jet Aviation and the tenant improvements at Mo-lasky Corporate Center. Roland and Vic are on-site at Molasky Corporate Center. Sheila Kirk has been promoted to project manager and works on Mo-lasky Corporate Center. Hilda Marquez is assistant controller responsible for accounts payable. The entire company celebrated the news when Congresswoman Shelley Berkley called to say that Kyle Capko was appointed to attend the US Air Force Academy for college this fall. Kyle's mother is Pam Capko, who is controller and has worked for the Molasky Group for 15 years. She and her husband Vince are on cloud nine. We wish him the best of luck. CCSN and Molasky Partner on Apartments The board of regents has green-lighted a partnership between the Community College of Southern Nevada (soon to be College of Southern Nevada) and the Molasky Group of Companies to build a 361-unit apartment complex on 20 acres near the Henderson cam-pus. Ten percent of the apartments will be discounted to CCSN faculty and staff. As proposed, the complex will net the college hundreds of thousands of dollars per year that could be used to fund other projects. "I want to com-mend President Richard Carpenter for thinking outside the box," Regent Steve Sisolak said in an interview with the Las Vegas Review Journal, "I do think this will be a template that we will follow, many, many times in the future." For the first time in years, 31,000 square feet of space is now available at this Class A landmark tower. Unmatched amenities include: ? Starbucks and Legal Copy Cats ? Sophisticated elevator system in the handsome lobby ? Keycard access control ? $12 million renovation ? 24-hour manned security desk Join Nevada's most prominent law firms and businesses at Bank of America Plaza. For leasing information: Burnham REAL ESTATE Keith Bassett Burnham Real Estate (702) 657-7110 bassett@burnhamrealestate.com l r i f i P r l \ ft* r 1 1 r J h W - r t ! ' W/JriM Mtui The newest building in downtown Las Vegas will be eco-friendly and built for high performance. To learn more about leasing in this GREEN building, visit www.molaskycenter.com Coming this Fall. MOLASKY CORPORATE CENTER another fine project developed by The Molasky Group of Companies for leasing information contact Keith Bassett at (702) 657-7110 insulation What do 1000s of shredded blue jeans mean in a green building? Detention Center Authorized Clark County Commission has autho-rized staff to move forward with an agreement with The Molasky Group of Companies to design and build a one-thousand bed facility to ease over-crowding at the current Clark County Detention Center. Under the proposed terms, Mo-lasky Group will provide funding, construction and design services and lease the facility back to Clark County under a long-term lease agreement. When it opened in 2002, the South Tower of the Clark County Detention Center nearly doubled the overcrowd-ed jail's capacity. The jail was designed to hold about 2,860 inmates, but the usual population has grown to more than 3,700 and shows no signs of slowing down. Hundreds of inmates are bused to other jails, sleep on cots and linger for days in cramped holding cells waiting for an open bunk. Jackie Crawford, who heads the government services division of Molas-ky Group says, "The County has been concerned about this issue for a long time and felt that short-term solutions would not solve the problem. This is a perfect example of how public-private partnerships can work to quickly solve problems that would otherwise take years." Brad Sher, Christina Natale, Sheila Kirk and Kobi Weston celebrate the Trendset-ter Award. Award Winning The Molasky Group of Companies was honored with the NAIOP Trend-setter Award at the annual Spotlight Award ceremony held March 24 at the Red Rock Resort ballroom. Gov-ernor Jim Gibbons presided over the black tie affair.