A MARK OF EXCELLENCE Pavilion Location: Charleston and Pavilion 154,000 square feet, six floors Management is efficient in leading your company up the ladder of success, Leadership determines whether your ladder is leaning against the right wall. FOLLOW THE LEADERS: Fertitta Enterprises • UBS • TD Ameritrade • Hill International • Harris & Associates. Let your company be judged by the company it keeps. Leasing info : Brad Peterson or Randy Broadhead , CBRE 702-369-4800 COMMENTARY LYLE E. BRENNAN You’re defined by the Publisher company you keep… As the father of five teenage daughters (and that’s only half our children), this old say- ing is just one of the many tools I find myself using to direct our girls (and trust me, I need all the tools I can get). Defining yourself by the company you keep also holds true in the business world. It’s important to know your market in any business, and it is especially true in the publishing industry. n Business Las Vegas,a Scarborough report as it relates to the measured by business readership re- Southern Nevada week- consumer market. The organization is search. And, while we’re flattered I ly newspaper, recently a leader in gathering information for they would include us in their hype, launched a campaign mass media. The methodology used they really shouldn’t have. The fact touting readership numbers reported by Scarborough includes random is we’re simply in a different catego- by Scarborough Research. They phone calls to consumers and the 15 ry altogether. We’re a four color compared their readership numbers minute conversation that takes place image statewide business maga- with the other Southern Nevada allows the research firm to capture zine… they are a weekly newspaper weekly newspaper and added Neva- demographics including such things distributed only in Southern Nevada. da Business Journal for good mea- as radio listening, newspaper reading, A market the size of Nevada can sup- sure. The information was widely and television viewing. port both a business magazine and distributed through ads, editorial, e- When is the last time you gave a weekly newspaper. We each have our mails and sales calls. It seems every- research firm 15 minutes of your niche… but they are different niches. one at In Business has been spending time? The answer is probably never. I have a tremendous amount of re- a lot of time spinning the numbers. Because in that time you can sign spect for Greenspun Media Group, While I’m not one to steal some- payroll, make half a dozen phone parent company of In Business, and one’s thunder and I hate being the calls or get caught up on your e-mail. the media empire they have built. party pooper, there is a problem with The fact is, the vast majority of our They have been very successful in an the research numbers. Scarborough readers are top-level executives and industry where success is out of the proudly touts themselves as the re- their time is a precious commodity. norm. The publishing industry is search organization for the “Ameri- On the other hand, the consumer noted for failed start-ups and busi- can Consumer”. Nevada Business market, with a much broader demo- ness closures. In the past year in Journal is not a consumer magazine. graphic, typically have more expend- Nevada, two magazines, Nevada We are a business magazine and our able time than a busy top-level busi- Woman, and The Business Report of readership is comprised of 82,000 ness executive. Northern Nevada have both called it business leaders throughout the state While In Business may measure quits. The cold, hard fact is that of Nevada. their readership by a consumer report, I don’t doubt the value of the our readership is more accurately Continued on Page 8 4 August 2007 August 2007 • Volume 22 • No. 8 A division of BUSINESS LINK, LLC PUBLISHER Lyle E. Brennan • [email protected] PUBLISHER / CEO Connie Brennan • [email protected] ASSOCIATE EDITOR April McCoy • [email protected] ART DIRECTOR COVER: Joe Thomasula Nevada’s Most Respected CEOs as CIRCULATION DIRECTOR nominated by the business commu- Mark Keays • [email protected] nity are (from left to right): Frank RESEARCH / RANKING NEVADA Martin, Martin-Harris Construction; [email protected] Doug Roberts, Panattoni Construc- WEB EDITOR tion; Curt Anderson, Fair Anderson McKensie Keever • [email protected] & Langerman; and Chuck Alvey, ONLINE MARKETING DIRECTOR EDAWN. Not pictured: Heather Harry Benson • [email protected] Murren, Nevada Cancer Institute. CONTRIBUTING WRITERS Doresa Banning • Bradley W. Beal Photo: Opulence Studios Tony Illia • Mark Keays • Bill Martin R. Keith Schwer • Michael Sullivan Cameron C. Taylor • Jeanne Walpole ADVERTISING / SALES Sheri Lautherboren • [email protected] Dawn Perkins • [email protected] Tarah Richardson • [email protected] EXEC. ASSISTANT TO PUBLISHER Hollie Howard • [email protected] CORPORATE OFFICE 375 N. Stephanie St., Suite 2311 • Henderson, NV 89014 BUILDING NEVADA: (702) 735-7003 • FAX (702) 733-5953 Dick Rizzo, vice chairman of Perini [email protected] Building Group, is one of the many NORTHERN NEVADA ADVISORY BOARD Chuck Alvey • EDAWN who are building some of the largest Krys T. Bart • Reno Tahoe Airport Authority commercial projects. Find out where Tom Clark • Tom Clark Consulting Company projects stand and when they are Connie Fent • Community Representative scheduled for completion. Valerie Glenn • Rose Glenn Group Rick Gray • Fallon Convention and Tourism Authority Photo: Opulence Studios Web Site: nbj.com • nevadabusiness.com TopRank Nevada: topranknevada.com Nevada Business Journal is a division of Business Link, LLC. 375 N. Stephanie St.,Bldg. 23, Suite 2311, Henderson, NV 89014. It is listed in Standard Rates and Data, #20A-Business-Metro, State and Regional. TopRank Nevada – Annual Statewide Book of Lists is a publication of Nevada Business Journal. Advertisers should contact Sales at (702) 735-7003, or write to: Nevada Business Journal, 375 N. Stephanie St., Bldg. 23, Suite 2311, Henderson, NV 89014. Demo- graphic information available upon request. Month-to-month circulation may vary. Nevada Business Journal is published monthly with one additional issue each year. Subscription rate is $44.00 per year. Special order single-copy price is $7.50. TopRank Nevada – Annual Statewide Book of Lists,a compilation of lists which have ap- peared in Nevada Business Journal over the past 12 months, is published on an an- nual basis. All contents ©2007 copyright, and reproduction of material appearing in Nevada Business Journal and TopRank Nevada – Annual Statewide Book of Lists is pro- hibited unless so authorized by the publisher. SPECIAL REPORT: CHANGE OF ADDRESS: POSTMASTER: Send address changes to Nevada Business This special report is a celebration Journal, 375 N. Stephanie St., Bldg. 23, Suite 2311, Henderson, NV 89014. Sub- scribers please include previous address or mailing label. Allow six weeks. of 20 extraordinary individuals EDITORIAL SUBMISSIONS: Address all submissions to the attention of April McCoy. Unsolicited manuscripts must be accompanied by a SASE. Nevada Business Jour- nal assumes no responsibility for unsolicited materials. who are being honored for their DISCLAIMER: Editorial views expressed in this magazine, as well as those appearing in area focus and industry focus supplements are not necessarily contributions to Nevada’s health- those of the publisher or its boards. care industry. 6 August 2007 CONTENTS FEATURES DEPARTMENTS 12 Most Respected CEOs 4 Commentary The Best of the Best LYLE BRENNAN DORESA BANNING You’re defined by the company you keep… 22 High-Rise Construction 10 Business Up Front The Changing Nevada Skyline • Complying With New Tax Rules JEANNE WALPOLE • Small Business Concerned With Taxes • Graceful Exits: Departing Employees Matter 29 Industry Focus: Telecommunications • Clear Communication in Hiring 11 Face to Face Stephanie Sand, Stewart, Archibald & Barney, LLP Doug Fries, Mellon’s Wealth Management Group 92 Nevada Briefs • Recruitment Providers Combine Resources • Land Donated to Public Education Foundation • Manhard Consulting, Ltd. Acquires Capital Engineering, Inc. • Nevada State College Gets Additional Land • LRS Systems Offers Alcohol Awareness Classes 93 State the Issues Banks vs. Credit Unions: Is it a fair playing field? 22 94 Speaking for Nevada CONGRESSMAN JON PORTER Does Nevada have the resources to become energy independent? 95 Money Management B UILDING NEVADA NEVADA SOCIETY OF CPAS What To Do When You Need Emergency Money 78 View from the Top Evaluate Your Funding Options A Look at Nevada’s Largest Commercial Projects 96 Expert Advice TONY ILLIA CAMERON C. TAYLOR Hiring Beyond Qualifications 66 Building Nevada News in Brief Six Questions to Assist in Hiring Good Character • New Retail Center Opens in North Las Vegas 97 Power of Attorney • Educational Technology Campus Breaks Ground Relative Newcomer Partners with Long-Time Nevada Firm • Longford Properties Offers Incentive The “New” Lewis and Roca LLP • Inspirada Town Center Plan Approved 98 Compassionate Capitalism • RCS Development Starts Two New Projects Three Square • Commercial Real Estate Firm Goes Green Working to End Hunger in Las Vegas 91 Tradewinds Construction 99 Inside Politics Easing the Burden of Tenant Improvements MICHAEL SULLIVAN Searching for Challenging Candidates 91 Commercial Real Estate Market Report The Heat is Just Beginning First Quarter 2007 – Industrial Report 100 Banking On It Service1st Bank of Nevada Making Its Investment in Technology Our July Vital Signs article stated that Comprehensive Cancer Cen- 101 People First ters of Nevada (CCCN) was affiliated with the University of South- MARK KEAYS ern California (USC). CCCN is actually affiliated with the University Exit Interviews What They Can Tell You of California, Los Angeles (UCLA). We apologize for the error. 102 Business Indicators R. KEITH SCHWER August 2007 7 Continued From Page 4 WELL ROUNDED publishing is a tough business and it’s not for the faint hearted. It requires BANKING deep pockets and an even deeper CLEARR CUT ANALLYSIS • INTEGRAATED SOLUTIONS commitment to educate and inform.