In 1978, Roland Sansone founded Sansone Companies a Las Vegas Company that has rapidly evolved into one of the leading property management and development companies in the state. For over thirty years the company has seen dramatic growth due to decades of expertise, honesty, creativity, hard work, and providing customers with unsurpassed services with a first class product on time and under budget. These core values have enabled Sansone Companies’ commercially managed properties to experience very low turnover, the lowest cam charges in the valley, and achieve one of the valley’s highest occupancy rates. With Roland Sansone, Sansone Companies is committed to the enhancement of our community through our projects, their aesthetics and intensified landscaping, and extensive civic and charitable involvement.
Vegas is still a growing and maturing city that is ready to compete with the large hubs of California, Denver, Arizona and Texas. The Sansone Companies and Roland Sansone feel that to properly compete with those markets, mass transit has to improve, not just within the city, but to and from California as well. One success stories, Portland, where they now have an excellent vehicle ride share and light rail within the city.
What are some other things we should do in Las Vegas to compete?
The entry into Las Vegas (from the Airport) needs to demolish the remaining homes and buildings that are dilapidated and welcome a more inviting image of coming into Las Vegas.
Finally, we need an almost re-imagination of Las Vegas, a place that adults play, but also work as well. A place where highly intellectual individuals can bring their families in an affordable environment (tax, housing and lifestyle) that is a short drive or plane ride to any weekend getaway that they want.
There are already a lot of positives that Las Vegas has positioned itself for:
The SouthWest part of Las Vegas has one of the largest data converging areas in the United States. There is also an Expansion of industrial hubs in Las Vegas, most notably, the COH’s desire for a 55-acre master land project.
Here is a Commercial Property tip for those of you in commercial development and looking to buy land right now.
Finding commercial property in today’s market is challenging. Land bankers feel their land is worth 2008 prices, $800k – $1M per acre, but a project does not pencil at those rates. In our business, we call that a Land Banker, someone sucking out the first years of profit for a center.
To clarify, when buying a piece of land at the $800k-$1M range you would need a rental rate of $3.25-3.50 to stabilize the center for permanent financing, and your forecast would take 2-3 years to realize those rental rates to tenants.
So, for all of you commercial land buyers that are looking, if you buy the Land, they are taking your profit spread from your lender for the first several years until you reach a rate that permanent financing reaches a stabilized debt service.
Just take caution and be smart when finding land for your next commercial property.
Roland Sansone, Las Vegas, Nevada is known for his real estate development work within the community of Henderson and all surrounding areas. He always has new projects in construction and he’s always visioning about the next upcoming renovation.
Recently, Roland and his team at Sansone Companies brought the first John’s Incredible Pizza to the Las Vegas area, and this pizza/entertainment location has been experiencing record-breaking weekends since it’s inception. Here is a video by owner John Parlet talking about the new Vegas location:
If you haven’t yet been to John’s Incredible Pizza and you have kids, you really need to go check this place out. You will absolutely find yourself being turned back into a kid again. Hands down way better than Chuck E Cheese.
Biggest differences start with the food. At John’s the variety is great and it is actually delicious. It is presented in a buffet style for everyone and the salads and pizza are made fresh daily. There are more than 10 different kinds of pizza and several kinds of pasta with various topping choices. There is also a huge quite diverse salad bar with homemade dressings.
The rides, yes, the rides, are fun for the entire family. One of the biggest hits there is the bumper cars, which kids are likely to ride more than once. Games are throughout the place and you can find yourself there for hours of fun.
Roland Sansone Las Vegas
Sansone had the vision long ago to bring John’s to the mall to further the locations at the mall centered around families and community. The Vegas community is excited to have this new entertainment in town.
Recently, the Regal Movie Theater Center on Eastern and Pebble was only 50% occupied. Sansone Companies took this complex to 95% occupied, rather quickly. Below explains how they achieved this quick success.
How you ask? Roland and team looked carefully at the project and kept the tactics simple but strategic.
The lighting was not adequate at night.
The paint was outdated and fading.
The fabric awnings needed a refresh.
The parking lot needed to be repaired, but those were just the surface of the challenges to tackle for the center.
Regal Movie Theater Center on Eastern gets an upgrade:
With Sansone’s creative thinking, they removed parking stalls in front of the restaurants and put pavers in to allow for more patio and open seating. Then the team began actively lobbying for good qualified tenants for the center and helped control the mix of tenants to create each vacant space more desirable then the last.
Even at 95% occupied the property is still being fine-tuned to create not only a comfortable shopping experience for customers, but a desirable location for tenant’s to open their business.
We are so excited to provide this news about the Sea Quest Aquarium coming to The Boulevard Mall. This iconic mall has recently been and continues to be renovated and upgraded. It’s no surprise that tons of people are already looking forward to this new attraction in the Las Vegas area. It’s different than any other attraction in the Vegas area, providing one on one interactions with beautiful sea animals and exotic birds.
Sansone Companies announced the Sea Quest Aquarium will open in the third quarter of 2016. This 31,000 square feet interactive aquarium experience will be Sea Quest’s third location in the United States and the largest of the three properties. The entrance will be found between Macy’s and Goodwill, where guests will be welcomed with large aquariums filled with bright colored fish and seahorses.