Nevada
Heirloom by Ovation opens affordable senior housing community
Ovation Development Corp. and its affiliate, Heirloom by Ovation, a Las Vegas-based developer of multifamily housing and one of Nevada’s largest private developers of affordable senior housing, hosted a ribbon-cutting and welcome-home ceremony for residents of its newest senior affordable housing community, Heirloom at Rome, at 4850 W. Rome Blvd. in the northwest valley.
The demand for senior affordable housing is reflected in Heirloom at Rome already having more than 182 occupied units, just months after it opened.
The $78 million Heirloom at Rome community, which was funded in part by Clark County Community Housing Funds and Nevada Housing Division’s Home Means Nevada Initiative, brings 276 new affordable housing units to market, including 38 tiny homes. The community’s tiny homes offer 400 square feet of living space, while apartments that range from 664 square feet to 891 square feet offer from one to two bedrooms.
Heirloom at Rome sits on a nearly 9.5-acre site within three separate buildings totaling 243,100 square feet. Of its 276 units, 180 are available to seniors making less than 49 percent of Area Median Income, and 96 units are available to seniors making less than 59 percent of AMI.
The community sits on land once owned by the federal government and granted to the city of Las Vegas for purposes of affordable housing. Ovation was awarded the project through a competitive request for proposal process, furthering the city’s prioritization of affordable housing construction.
On-site amenities include a fitness room, movement studio, screening room, game lounge, great room, business center, wellness room and a one-story clubhouse by the tiny home village. Outdoor amenities include a community garden, pet park, extensive xeriscape landscaping, picnic tables and carport parking for residents.
Heirloom at Rome was designed and built to achieve LEED Gold certification by the U.S. Green Building Council and has successfully received its certification. The community features high-efficiency heating and cooling equipment including Energy Star appliances, low-E vinyl thermal pane windows, and high R-value wall and attic insulation. Additional sustainable building practices include the use of low- or no-VOC paints, adhesives and formaldehyde-free particleboard. Water conservation measures will include low-flow fixtures and drought-tolerant landscaping.
As one of Nevada’s largest and leading apartment developers of both market-rate and affordable housing for low-income seniors and working families, Ovation ensures its affordable housing communities maintain the exceptional quality associated with its market-rate projects.
Through its partnership with nonprofit Coordinated Living of Southern Nevada, Ovation provides residents of its affordable housing properties with life-enhancing wraparound services and recreational amenities that create a rich social infrastructure and high quality of life. This includes transportation assistance to medical appointments and shopping, health and wellness programs, food assistance as well as social outings and events.
According to Alan Molasky, chairman and founder of Ovation, “collaboration is key to solving for challenging issues like affordable housing, and we couldn’t do it without critical support from government and agency partners who share our passion,” he said.
“We have long believed that everyone, regardless of income, deserves a quality home that helps to strengthen individuals, families and community. Providing a beautiful, dignified and comfortable place to live is key to ensuring seniors, particularly those on low or fixed incomes, can continue to thrive in a clean and beautiful environment during their golden years.”
To date, Ovation has completed 18 income- and rent-restricted communities totaling more than 2,795 units. The company will complete five more multifamily affordable communities with more than 1,300 units in Southern Nevada by 2028, providing much needed relief for low-income seniors, individuals and families.
Coming soon to the Heirloom by Ovation portfolio is Heirloom at Torrey Pines, at 6540 W. Arby Ave.
For leasing and qualifying information on Heirloom at Rome and other Heirloom by Ovation communities, visit HeirloomByOvation.com.
Ovation Development Corp. is a Las Vegas-based development company founded by Alan Molasky, a prolific developer of multifamily, resort-style housing in Southern Nevada for 40-plus years. The largest private multifamily developer in the Las Vegas Valley, Ovation has built nearly 10,000 units. In addition to luxury multifamily communities, Ovation is committed to the development of a portfolio of affordable housing for low-income seniors, known as Heirloom by Ovation, based on the belief that quality homes are foundational to strengthening individuals, families and community. Ovation and its affiliates employ more than 300 individuals representing all facets of design, construction and property management. For information, visit ovationco.com.
Nevada
Nevada Immigrant Coalition rallies in downtown Las Vegas on May Day to demand worker protections
LAS VEGAS (KTNV) — The Nevada Immigrant Coalition held a march and rally in downtown Las Vegas on May Day, joining similar demonstrations across the country to demand better treatment for immigrant families and workers.
The event coincided with First Friday, drawing attention to the economic pressures facing local businesses and workers as costs continue to rise.
Noe’ Orozco, a representative with the Nevada Immigrant Coalition, said the group is focused on elevating people over corporations.
WATCH | Nevada Immigrant Coalition rallies on May Day to demand worker protections
Nevada Immigrant Coalition rallies on May Day to demand worker protections
“We’re trying to put people above corporations, and we one way. You can do that is definitely by supporting the local businesses, because a lot of the local businesses, they, they sustain themselves,” Orozco said.
Many local business owners and workers say they rely on the foot traffic that First Friday generates each month.
“It’s our one night a month that we get walking traffic as if we’re on Fremont Street or on the Strip,” said a business owner at First Friday.
KTNV
Workers also described the financial strain of the current economy.
“It’s very difficult to be living in the economy now without having two jobs,” said another business owner at First Friday.
The coalition said it is also responding to a recent surge in immigration enforcement activity across Nevada, which it says is negatively affecting local families.
KTNV
“Since the start of last year, we’ve seen a lot more of those overlapping conversations happening. And so, as I mentioned, right, highlighting the workers’ rights and a lot of those workers, a lot of workers that we engage with our migrant or immigrant workers, immigrant families, and so regardless of what industry you’re looking at, there is going to be an immigrant household that is being impacted,” Orozco said.
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Nevada
5.2 magnitude earthquake in Nevada reportedly felt as far as Sacramento
An early morning earthquake in Nevada on Friday was felt as far west as the Sacramento Valley.
According to the U.S. Geological Survey, the quake struck around 1:17 a.m. about 50 miles east of Carson City. Shaking was reported across the Reno, Carson City and South Lake Tahoe areas.
People also reported feeling shaking along the Sierra Nevada foothills and into the valley, including in Roseville and Sacramento.
No damage has been reported.
The quake had a preliminary magnitude of 5.2. A magnitude 4.3 foreshock appears to have struck about two minutes before the main quake. Several aftershocks have followed, none larger than magnitude 2.7.
Nevada also saw a magnitude 5.7 earthquake centered in the same general area on April 13. Like Friday’s quake, that earthquake was felt in the Sacramento area.
Nevada
Adelson, Davis inducted into Nevada Business Hall of Fame
Dr. Miriam Adelson and Mark Davis, two leaders at the forefront of keeping Las Vegas a world-leading tourist destination, were recognized Thursday with induction into the Nevada Business Hall of Fame.
Adelson, a philanthropist and the top shareholder of her family’s companies, and Davis, owner of the Las Vegas Raiders and the Las Vegas Aces, were honored at a dinner at The Venetian Expo that also celebrated UNLV’s Lee Business School and its transformation into one of the leading cultivators of Nevada business leadership.
Adelson is the top shareholder of Las Vegas Sands Corp., the market leader of the casino industry in the Chinese enclave of Macao and the operator of the iconic Marina Bay Sands resort in Singapore. Sands also built and operated The Venetian and Palazzo and on the Strip before selling the integrated resort earlier this decade.
Adelson’s family also owns the NBA’s Dallas Mavericks, the Las Vegas Review-Journal and the Hebrew-language Israel Hayom newspaper in Israel. She leads the Adelson Family Foundation, the Adelson Clinic for Drug Abuse Treatment and Research and is a medical doctor who once served as the chief internist in an emergency room at Tel Aviv.
Joining Adelson in Thursday’s induction ceremonies was Davis, who moved the Raiders to Las Vegas from Oakland, California, enabling the construction of Allegiant Stadium. He also purchased the WNBA’s Las Vegas Aces, who’ve won the league championship three times in the past four years.
Bringing the NFL
to Las Vegas
Davis began his efforts to relocate the Raiders from Oakland to Las Vegas in 2016 and worked with Adelson’s husband, the late Sheldon Adelson, to secure hotel room-tax funding for Allegiant Stadium. Although the Adelsons and Davis ultimately ended their stadium partnership, the team completed the project and began playing in Las Vegas in 2020.
In introductory remarks, former Las Vegas Mayor Jan Jones Blackhurst, interim vice president of philanthropy and alumni engagement and interim president of the UNLV Foundation, noted that while many didn’t see building a stadium as a wise investment for the state, Allegiant Stadium has become the leading large venue for sports and concerts.
Olympic gold medalist Jennifer Azzi, president of the IXs Foundation, applauded Davis as one of the leading advocates for women’s sports. She said Davis was insistent on paying women higher salaries.
“I’m honored, yet humbled to be inducted into the Hall of Fame,” Davis said.
In his presentation, Davis thanked Nevadans who helped the Raiders relocate to Las Vegas: the Adelsons, former Wynn Resorts executive Steve Wynn; MGM Resorts International CEO Bill Hornbuckle and his predecessor, Jim Murren; former Las Vegas Mayors Oscar and Carolyn Goodman; former Govs. Steve Sisolak and Brian Sandoval and current Gov. Joe Lombardo.
Rethinking business travel
Adelson recalled how she and her late husband saw Las Vegas as more than just a city for gambling, but as an ideal destination for conventions and trade shows.
She paid tribute to Sheldon Adelson, who founded Las Vegas Sands, and his vision of building integrated resorts that catered to business travelers as well as tourists. And she credited her background in medicine for helping her find her voice.
Adelson shared that as a host for conventioneers, they made sure there were plenty of outlets for electronic devices in every hotel suite, which set The Venetian apart from other resorts.
She urged UNLV students in attendance to follow the advice of her late husband — who learned business “on the streets” and not in college — and learn all they could about marketing and finance.
The Adelsons and Davis were instrumental in jump-starting sports tourism in Southern Nevada, widely recognized as a key means for bringing millions of visitors to the city to attend games and mega-events, resulting in billions of dollars in economic impact.
Additional honorees
Sponsored by UNLV’s Lee Business School, the Nevada Business Hall of Fame celebrates outstanding individuals who have shaped Nevada’s economic landscape and enriched its communities. Organizers say each inductee embodies the essence of Nevada’s entrepreneurial spirit, demonstrating innovation, resilience, unwavering dedication and an impact that resonates beyond their industries.
Two others were recognized for their business achievements at the event, attended by more than 400 people.
The Lieder Award, which recognizes exceptional leadership, entrepreneurship and contributions to real estate development, was presented to Alan Molasky, chairman of Ovation Development Corp.
In addition, Rick Crawford, the founder and president of the 50-store Green Valley Grocery chain of convenience stores, was honored with Entrepreneur of the Year.
More than 5,000 students attend the Lee Business School, which is accredited by the Association to Advance Collegiate Schools of Business.
Contact Richard N. Velotta at rvelotta@reviewjournal.com or 702-477-3893. Follow @RickVelotta on X.
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