REAL ESTATE BRIEFS: DEC. 4

Local NAIOP holds Christmas toy campaign

NAIOP Southern Nevada, an organization representing commercial real estate developers, owners, and related professionals in office, industrial, retail, and mixed-use real estate, is sponsoring the CASA Foundation of Las Vegas with its annual toy promotion this Christmas season.

The CASA Foundation of Las Vegas was established in 1983 to promote and support the efforts of the Clark County’s Court Appointed Special Advocate (CASA) program. Over the years the CASA Foundation of Las Vegas has added another component to this mission by providing funding to meet the unmet needs of local foster children. This includes medical assistance, transportation costs for visiting family members, summer camps, physical education, music and art classes, school-related activities and tutoring.

The NAIOP toy campaign runs until December 6th. The goal is to provide three toys to each child in the Clark County’s foster family at their annual Angel Tree event.

It’s easy to support the toy drive, with options like ordering online from Target and the Amazon wish list.

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Realtors hold toy campaigns for hospitals

Las Vegas real estate managers Frank Napoli and Stephanie Napoli continue the gift giving tradition with their annual Napoli Group Toy Drive. The siblings have been organizing the community-wide toy campaign every year since 2012, with this year’s campaign starting this weekend. In multiple locations in Las Vegas and Henderson, donate new and unwrapped toys to be distributed to patients in Nevada Children’s Hospital at UMC and the Children’s Department at Sunrise Hospital. Toys are now accepted until December 17th.

“The most rewarding part of the toy drive is getting the Christmas spirit going to those in need,” said Frank Napoli, owner of the Napoli Group, a real estate team at Berkshire Hathaway HomeServices, Nevada Properties. “We are so grateful every year that the Las Vegas community comes together to help us with this special cause.”

The annual toy drive was attended by dozens of community ventures and even a classic car parade of dozens of cars to donate over the holidays.

“We have been very fortunate to have a large group of partners who love and support Las Vegas and who want to help with our toy drive,” said Frank Napoli. “As Las Vegas residents, we have seen the need grow in our community and are happy to offer some happiness to children who are hospitalized during this holiday season.”

The Napoli Group has organized a Christmas toy campaign every year since 2012 and gave away hundreds of thousands of toys. Wishlist items include tech / entertainment items, toys and personal care items for toddlers, entertainment and personal care items for teenagers, arts and crafts, homemade items, clothing, treasure chest toys, and needed clothing.

From Friday through Sunday, The Napoli Group has partnered with Vegas Auto Gallery to begin the toy ride during an exotic and luxury auto show.

Donations are accepted daily from 9 a.m. to 7 p.m. on the lawn in Downtown Summerlin.

Donations are accepted at the following locations during business hours until December 17th.

■ Napoli Group Office: 8850 W. Sunset Road, 120

■ Berkshire Hathaway HomeServices, Nevada Properties offices:

■ Sahara: 7475 W. Sahara Ave., Suite 100

■ Southwest: 8850 W. Sunset Road, Suite # 200

■ St. Rose: 3185 St. Rose Parkway, Suite # 100

■ Summerlin: 10777 W. Twain Ave., Suite No. 333

■ Vegas Auto Gallery:

■ Dean Martin: 3055 Palms Center Drive

■ Sahara: 5600 W. Sahara Ave.

■ Blacklist: 1395 Raiders Way, Suite No. 130

For more information on Napoli Toy Drive, contact Stephanie Napoli at

702-524-8914 or send an email to [email protected]

Angeles-based company buys Siena townhomes

Built in 2000, the Siena Townhomes, now called Aero Townhomes, occupy 9.57 hectares and consist of 42 two-story buildings. Each unit is a townhouse with no other units above or below it. The apartment mix comprises 82 two-room apartments and 113 three-room apartments. On-site amenities include a private entrance, swimming pool, fitness center, business center, playground, BBQ area, basketball courts, and carports.

Glenn Dulaine, CCIM, of Realty Executives SNV, represented both the buyer and seller on the transaction.

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Kairos Investment acquires apartment building

Kairos Investment Management Co. has acquired Siena Townhomes, an affordable 195-unit apartment building in downtown Las Vegas, in an off-market transaction.

“As an asset manager, allocator and registered investment advisor, Kairos Investment Management looks for over-the-counter opportunities in markets with potentially oversized positive performance such as Central Las Vegas,” said Carl Chang, CEO and founder of Kairos. “Despite its affordable reputation, the revitalization of the more diverse and growing job opportunities in downtown Las Vegas and limited new supply have resulted in rising market rents, adding to the need for quality, budget-friendly apartment buildings such as Siena Townhomes across the region.”

The Siena Townhomes, built in 2001, has a high occupancy rate with a waiting list for 40 people. Located less than 6 miles north of the Las Vegas Strip, the property is within a 10-minute drive of several well-known malls including the Las Vegas North Premium Outlets, a 676,000 square foot outlet mall with over 140 stores and restaurants, and Meadows Mall, a 960,000 square foot closed mall that provides access to 118 stores. The property is also less than 1 mile from Texas Station, a 200-room hotel and casino.

“Given the property’s convenient location and extremely low multi-family vacancy rate of 2.5 percent, Siena Townhomes fits in well with our company’s impact strategy for affordable residential real estate in growing or under-supply markets across the United States,” said Chang.

Siena Townhomes offers a mix of 82 two-bedroom townhouses and 113 three-bedroom townhouses with large washers and dryers, large walk-in closets, and a private balcony or terrace with additional storage space. Community facilities include a clubhouse, pool and spa, fitness center, BBQ areas, basketball court, business center, children’s playground, and carports.

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Paragon Pools Executive Receives National Award

Las Vegan Joseph Anthony Vassallo, Vice President and Chief Design Executive of Paragon Pools, was presented at the awards ceremony on the 15th Patio & Deck Exhibition.

The PHTA annually recognizes outstanding achievements and outstanding achievements in the pool, spa and whirlpool industry, including the Individual Awards and the International Awards of Excellence Design Awards.

The Builder of the Year Award is a peer-nominated award given to a PHTA master builder who has advanced the pool building profession through excellence and commitment to the industry.

Nominees must meet a number of rigorous criteria, including a commitment to be a positive role model for the job and with colleagues, a proven track record of meeting or exceeding industry standards in the design and construction of pools and spas must be in the pool Have been employed, have been actively involved in the spa or spa industry for at least five years, locally or nationally, and must be a current employee of a PHTA member company in good standing.

Often referred to as Joe Jr., Vassallo began his career as a design apprentice in his youth (1989). He took pleasure in the challenge of conceiving and developing pool and landscape plans that complement the architecture of the house and the restrictive property layouts, while creating a breathtaking custom design for the homeowner.

After graduating from high school, he studied architecture, marketing and small business management. He developed his professional and technical skills with PSI Leadership Seminars, Tom Hopkins Seminars, Auto CAD-2000, Structure Studios 3-D Training, PHTA University Curriculum, ART-Artistic Resources and Training as well as CEUs in industrial business and technical subjects.

In 2001, Vassallo and his father founded the family business Paragon Pools in Las Vegas. As Vice President, Vassallo has been instrumental in the company’s success, establishing a high standard of design and construction for corporate projects that have garnered an extensive list of international design awards and business awards over the years including Masters of Design Awards, International Awards of Excellence Design Awards and Aqua Choice Design Awards, Aqua 100 Hall of Fame.