Las Vegas construction equipment mogul Don Ahern has bought a new headquarters, giving it space to house staff for a company that generates more than $ 1 billion in annual revenue.
Ahern, whose holdings include Ahern Rentals and Xtreme Manufacturing, bought the nine-story office building at 333 N. Rancho Drive, just off US Highway 95, for $ 17.5 million, records show of the property.
The sale, by the city of Las Vegas, was closed last month.
Ahern – a GOP supporter who made headlines last year when two of its companies were fined for staging Trump campaign events that defied state-imposed pandemic restrictions – has a portfolio of 26 companies, according to a presentation he made in July to Las Vegas City Council.
Ahern Rentals has more than 100 locations across the United States, and the company has sales and service operations in Japan, Chile, Germany and other countries, according to the presentation. His holdings also include the Ahern Hotel near the Strip.
In total, his Ahern family of companies generates annual revenue of $ 1.33 billion, the presentation said.
Ahern said in a statement to the Review-Journal on Wednesday that his plan for the Rancho building was to “relocate our Ahern Rentals head office from its current facilities” to Martin Luther King Boulevard, along with other office roles from The valley. .
He expects to have around 250 employees based in the new building, which would also house his company’s new vocational school, Ahern said.
âAny excess space will be available for rent,â he added.
The building, which once housed the Las Vegas Developmental Service Center, spans 144,000 square feet and includes a four-story parking lot, according to a March press release from city officials that said the property was at to sell.
It was estimated to be worth $ 17.3 million, the statement noted, well below the city’s $ 26.5 million purchase price at the end of 2007, shortly before the real estate market hit. collapses and the economy does not sink into the Great Recession.
The building also made an appearance as the home of the Las Vegas Police Department in Jamie Foxx’s crime thriller “Sleepless.” (The real name of the department includes Metropolitan, and the 2017 film has been called by critics “listless” and “elegantly hollow.”)
Ryan Smith, acting director of economic and urban development for Las Vegas, told the Review-Journal this week that in addition to Ahern’s offer, the city has also received a $ 7 million offer for the property.
âObviously, it wasn’t a difficult review of the two offers,â Smith said.
Ahern’s name may be familiar to people who have seen construction equipment bearing his logo on various construction sites and storage yards in the valley. A few of his companies were also in the spotlight for political reasons during the pandemic.
Last month, for example, the Ahern Hotel hosted a QAnon-related convention where people made unsubstantiated allegations of widespread fraud in the 2020 election and questioned COVID-19 vaccines.
The conference was previously scheduled to be held in the Caesars Forum convention space near the Strip, with tickets selling for between $ 650 and $ 3,000, but casino giant Caesars Entertainment scrapped the event in August, the Review reported. Newspaper.
Extremism experts had raised concerns about a large resort company such as Caesars hosting the event, expressing concerns over the spread of the organizers’ strong anti-mask and anti-vaccine beliefs.