Clark County Credit Union on Wednesday posted second-quarter net income of $2.3 million, a nearly 28 percent increase from the $1.8 million reported for the same period a year earlier.
President and CEO Wayne Tew said the credit union’s quarterly profitability marked a return to prerecession levels and is a strong indicator that the market is stabilizing.
“We feel really good about where we are positioned right now,” Tew said. “For the first half of this year, we’re seeing financial numbers not seen since 2007. Delinquency is down and loan growth is up for the first time in six years.”
Tew said he expects steady, positive circumstances for the next few years.
The Las Vegas-based credit union has assets of $496 million, with four branches and 33,000 members.
California company buys McCarran Corporate Plaza
An office complex near McCarran International Airport has a new owner.
TNP Acquisitions, a subsidiary of Irvine, Calif.-based Thompson National Properties, bought the 87,018-square-foot McCarran Corporate Plaza at 5740 and 5820 S. Eastern Ave. The deal was worth $10.2 million.
The buildings are 68 percent leased. Tenants include Carrington College, United Health Services and AARP.
TNP Acquisitions bought the property from P-38 Properties LLC.
TNP owns several local properties, including the 63,365-square-foot Clark County Department of Family Services building at 121 S. Martin Luther King Blvd. and the 159,203-square-foot Arville Industrial Park at 4350 S. Arville St.
It also owns Buffalo Square, a 176,508-square-foot shopping center at Washington Avenue and Buffalo Drive, and it owns and leases three units inside the Turnberry Towers luxury high-rise community on Paradise Road.
Chuck Witters and Kris Watier, both with commercial broker Lee & Associates, represented P-38 Properties. TNP Acquisitions was represented by local sister company Commerce TNP, a brokerage the company formed in 2010 after it bought Commerce CRG of Nevada.
MGM Resorts creates new jobs in diversity department
MGM Resorts International said Wednesday that it has created four new positions within the company’s corporate diversity, philanthropy and community engagement department.
Ondra Berry, Shelley Gitomer and Tony Gladney will assume new vice president positions at the company while Patty Coaley has been promoted to an executive director role.
Berry has been named vice president of diversity and inclusion development. He previously consulted with MGM Resorts on the company’s diversity efforts.
Coaley, who was named executive director of diversity and inclusion development, has directed the company’s diversity education workshop since 2010. The program has trained about 5,000 company employees. Coaley joined MGM Resorts in 1993.
Gitomer, who was named vice president of philanthropy and community engagement, previously spent 10 years with the Nevada Cancer Institute. She has more than 25 years of experience in the management of philanthropic programs.
Gladney, who was named vice president of national diversity relations, brings more than 20 years of experience in the gaming industry supporting programs related to diversity and community affairs. He most recently served as vice president of National Diversity Relations at Caesars Entertainment Corp.
Electronics megashow will feature space for 3-D printing
When the 2014 International CES heads to Las Vegas in January, 3-D printing will be given its own stage.
Produced by the Consumer Electronics Association, the 2014 trade show, scheduled Jan. 7-10, will feature a new 3-D Printing TechZone to showcase the advancements in 3-D printing technology, a growing category.
The new zone sold out of its original 3,000 net square feet of exhibit space, so the association expanded it by more than 25 percent to meet demand.
The 3-D printing area will be in the Las Vegas Convention Center’s South Hall 3. In all, the 2014 CES will have 20 market-specific TechZones across 15 product categories.