Top Nevada-Based GC Turns in Profitable Year
The top Nevada-based firm in this year's ranking is Marnell
Corrao Associates, propelled by such projects as the Molasky
Corporate Center and Town Square.
Marnell Corrao Associates is Nevada's highest revenue contractor
with $569.1-million in statewide billings last year, an 18.7%
increase over 2005.
The 37-year-old, Las Vegas-based firm saw an added $83.19-million
in general building work in 2006 with such high-rise projects
as the $1.2 billion, 1,727-unit "Residences at MGM Grand."
Marnell broke ground on the first of three, 40-story concrete-and-glass
condo-hotel towers behind the MGM Grand in October 2004. The
initial tower opened last summer at Harmon Avenue and Koval
Lane. It was followed by tower two in November. The third
and final building will finish later this year.
Marnell is also building the $107-million, 17-story Molasky
Corporate Center in downtown Las Vegas. The 852,000-sq-ft
Class A office tower will be one of the city's first LEED-silver
certified projects. The 243-ft-tall steel, glass and concrete
structure is scheduled to finish in September.
"Marnell is a very good, experienced contractor,"
says Rich Worthington, president of the Molasky Group of Companies,
the Las Vegas-based developer. "They have a very progressive
management style as a result of handling complex multi-million
Marnell is currently handling the $750 million, 1.7 million-sq-ft
Town Square at the northwest corner of Las Vegas Boulevard
South and the Interstate-15/215 interchange. Centra Properties
and Turnberry Associates are joint developers of the 117-acre
property. The retail-office-entertainment complex is scheduled
to finish in October.
"All of our jobs in 2006-07 have been profitable,"
says Mike Spainhour, Marnell's vice president of construction.
"We've been well staffed with employees that have been
with us 15 to 30 years. Marnell is a family-owned operation
that promotes from within, and continues to do so."
Marnell additionally self-performs its carpentry work, which
gives it greater control over job quality, scheduling and
safety, the company claims, and it sets the standard for subcontractors
and suppliers to follow.
The firm expects a strong 2007-08 with work expected to start
soon at the $850 million, dual-tower Pinnacle Las Vegas. Construction
at the 36-story, 1,100-unit condo-hotel at Tropicana and Cameron
avenues will last until late 2009. Marnell is also performing
preconstruction services for Harrah's Entertainment Inc.
"We've been fortunate to work with several repeat owners
with whom we have familiar working relationships," says
Spainhour. "As a result, we know their expectations upfront."
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