Latest News

New Class-A 134,400 Square Foot Office Building in Green Valley Corporate Center, Ready for Occupancy
=============================================================

HENDERSON, NV; May 8, 2008 -- American Nevada Company is applying the finishing touches to the newly constructed four-story, Suburban Class A office building at 2360 Corporate Circle located in the prestigious 90-acre Green Valley Corporate Center at I-215 and Green Valley Parkway in Henderson, NV. The new building will set an unprecedented standard for Class A office buildings in the Henderson/Green Valley office market. The first ‘green’ building to be developed by ANC, 2360 Corporate Circle will strive to achieve LEED™ certification, a high standard of sustainable green building and development.

Some of the green elements of the building include (1): water efficiency including landscaping that requires 50% less water, and low-flow toilets and sinks which reduces water use by 30%, (2): heat island effect on the roof of the building and parking garage, which reflects sunlight, rather than absorbing it, (3): low-emitting interior materials including adhesives, sealants, paints and carpet systems, and (4): photo voltaic panels which will generate enough power to operate the lights in the parking garage. American Nevada Company has also agreed to purchase Green-e certified renewable energy credits, which helps reduce dependency on fossil fuels, promotes clean air and fights global climate change. The building also features reserved parking spaces specifically for low emitting and fuel efficient vehicles. The construction of the building utilized more than 33% of recycled content, and more than 75% of construction waste was recycled. The Leadership in Energy and Environmental Design (LEED) Green Building Rating System™ is the nationally accepted benchmark for the design, construction, and operation of high performance green buildings. LEED promotes a whole-building approach to sustainability by recognizing performance in five key areas of human and environmental health: sustainable site development, water savings, energy efficiency, materials selection, and indoor environmental quality.

Charles Van Geel, Vice President of Commercial Leasing for American Nevada Company, said the 134,400-square-foot building offers a prime location in a master-planned business park, with direct adjacency to the I-215 Beltway at Green Valley Parkway. Available space ranges from approximately 2,000 to 33,900 square feet. 72,654 square feet has already been pre-leased.

In addition to its environmentally friendly elements, the building features a dramatic two-story atrium at the main entry with a clear glass curtain wall, an on-site file storage area located on the first floor, and an attached parking structure that will provide over 80% covered parking to the building. Punched window openings on the north side of the building will create multiple corner offices, which maximize the views of the Las Vegas valley. A portion of the building will be the new home of Greenspun Media Group, the valley’s premier publishing group of lifestyle magazines and other publications.

Van Geel said Green Valley Corporate Center offers all the amenities of a central business district, combined with the conveniences and environment of an upscale suburban location. All buildings in the center offer the latest in fiber optic and telecommunications technologies.

Along with its premier location at I-215 and Green Valley Parkway, Green Valley Corporate Center also offers proximity to The District at Green Valley Ranch - a unique mixed-use metropolitan lifestyle center with shopping, dining, entertainment, office space and residential lofts, set amid an outdoor pedestrian plaza and main street. The area also provides a strong population and employment base, a myriad of housing opportunities, nearby retail, restaurants, child care, medical facilities, parks, golf courses and easy access to McCarran International Airport and the Las Vegas strip.

Leasing information for American Nevada’s commercial properties can be obtained by calling Charles Van Geel or George Okinaka at 702-458-8855.

About American Nevada Company: American Nevada Company is the master developer of Green Valley and Green Valley Ranch, and through its affiliates, is the managing member of North Valley Enterprises LLC, developer of the Aliante master-planned community and the managing partner in Silver Canyon Partnership, developer of the Seven Hills master-planned community. It is also the managing partner for Mission Peaks, an approximately 4,000-acre development near Tucson, AZ.

American Nevada currently holds a commercial portfolio of over 2.5 million square feet. Among its developments are the Green Valley Corporate Center and Green Valley Corporate Center South office parks; and The District at Green Valley Ranch, Southern Nevada’s first metropolitan lifestyle center. The company is also developer of the Aliante Corporate Center office park and Aliante MarketPlace, a 20-acre, grocery-anchored retail shopping center.

About The Greenspun Corporation: The Greenspun Corporation is a privately-owned company that manages and oversees the financial interests of the Greenspun Family of Companies. Headquartered in Henderson, Nev., TGC holds a presence in real estate, media, communications, travel and tourism, gaming and technology. TGC has partnered with leaders in these industries to build an innovative portfolio including American Nevada Company, travel websites VEGAS.com and LasVegas.com, the Las Vegas Sun daily newspaper, various gaming partnerships, as well as the Greenspun Media Group whose primary businesses include weekly newspapers and magazine publications. In addition, the Company maintains investments in public and private securities in a variety of growth stage operating businesses or projects.

American Nevada Company and The Vista Group Announce Joint Venture Partnership with Place Properties to Develop ‘Midtown Place’ Student Housing Adjacent to UNLV
=============================================================

HENDERSON, NV; December 19, 2007 -- American Nevada Company and The Vista Group announce a joint venture with Atlanta-based Place Properties to develop Midtown Place, the first major student housing complex serving UNLV students, where University Park Apartments currently stands. The project, located at Maryland Parkway and Cottage Grove adjacent to the UNLV campus, will be the first off-campus student housing complex for UNLV.
Upon completion, the project will encompass approximately 3,000 suites designed for the UNLV student of the 21st century, including a fitness center with personal TV monitors on all cardio equipment, a cyber-lounge for study and recreation, tanning domes, and the resort-style pool with poolside cabanas and outdoor dining area. All apartments include designer furnishings, full size washer/dryer, local phone, high speed internet ports in every bedroom, cable TV, and utilities in the low ‘one price for all’ rent structure.
The mixed-use property will also include neighborhood retail to serve the student clientele with outdoor seating and bistro-style dining with convenient parking. “We are pleased to be part of this great project with our partners, The Vista Group and Place Properties”, said Bruce Deifik, President and CEO of American Nevada Company. “This development will provide much-needed housing and a quality lifestyle for UNLV students”.
Midtown Place will be a major part of the continuation of the Midtown UNLV development, a public-private partnership to create a vibrant university district. Midtown UNLV will revitalize the Maryland Parkway corridor that serves as the ‘front door’ to the University of Nevada – Las Vegas. The revitalization will include retail, housing, mass transit, entertainment venues and educational opportunities. “Midtown Place will stand at the northern gateway to Midtown UNLV” said Michael Saltman, President of The Vista Group. “This substantial student housing project, combined with future shopping, dining, entertainment and other resources will help make Midtown UNLV the premier student lifestyle locale in the country”.
Upon completion, the Midtown Place complex will be the largest off-campus student housing development in the country. Currently, UNLV has the lowest percentage of on-campus housing for a university or college of its size in the United States. Additionally, there are no dedicated student housing offerings off-campus due to the nature of UNLV’s location near McCarran International Airport, the Las Vegas Strip, and dense urban development. Midtown Place will be operated by Place Properties, the leaders in multi-family housing for the university and military markets. "Place Properties is very excited to be partnering with The Vista Group and American Nevada Company to bring the highest level of quality housing for the students and faculty of UNLV”, says Brent Little, National Development Partner for Place Properties. “The scale and design of this record-setting development will be integral to creating a sense of place within the Midtown UNLV redevelopment plan."
The architectural firm designing Midtown Place is Humphreys and Partners Architects, L.P., a renowned architectural and urban design firm with offices across the country, including Las Vegas.
Groundbreaking of the first phase of the project is scheduled to begin in 2008.

About American Nevada Company:
American Nevada Company is the master developer of Green Valley and Green Valley Ranch, and through its affiliates, is the managing member of North Valley Enterprises LLC, developer of the Aliante master-planned community and the managing partner in Silver Canyon Partnership, developer of the Seven Hills master-planned community. It is also the managing partner for Mission Peaks, an approximately 4,000-acre development near Tucson, AZ.

American Nevada currently holds a commercial portfolio of over 2.5 million square feet. Among its developments are the Green Valley Corporate Center and Green Valley Corporate Center South office parks; and The District at Green Valley Ranch, Southern Nevada’s first metropolitan lifestyle center. The company is also developer of the Aliante Corporate Center office park and Aliante MarketPlace, a 20-acre, grocery-anchored retail shopping center.

About The Greenspun Corporation:
The Greenspun Corporation is a privately-owned company that manages and oversees the financial interests of the Greenspun Family of Companies. Headquartered in Henderson, Nev., TGC holds a presence in real estate, media, communications, travel and tourism, gaming and technology. TGC has partnered with leaders in these industries to build an innovative portfolio including American Nevada Company, travel websites VEGAS.com and LasVegas.com, the Las Vegas Sun daily newspaper, various gaming partnerships, as well as the Greenspun Media Group whose primary businesses include weekly newspapers and magazine publications. In addition, the Company maintains investments in public and private securities in a variety of growth stage operating businesses or projects.

About The Vista Group:
The Vista Group is one of the premier developers and managers of commercial real estate in Southern Nevada and throughout the Southwestern United States. In its 30 years of existence, Vista has developed retail, office, industrial, multifamily and single-family projects in Las Vegas and elsewhere. At present, Vista's activities are centered upon leasing, [managing] and expanding its own existing commercial portfolio, and offering its asset management expertise to select clients.

About Place Properties, L.P.:
Place Properties, L.P., www.PlaceProperties.com, has over 14 developments in various stages of construction nationwide making it one of the largest multifamily development and construction organizations in the country. Place Properties has developed more than $470 million of student housing properties since 1996 and currently manages more than 15,000 beds.

American Nevada Company to Develop Expansion of Nevada Cancer Institute Campus
=============================================================
Las Vegas, NV Sept. 24, 2007 – Nevada Cancer Institute (NVCI) celebrates its second anniversary by announcing the expansion of its current facility to meet the needs of its patients and NVCI support and medical staff.

The expansion will include a 101,000-square-foot, three-story support service building and parking garage on 3.25 adjacent acres. Since opening in September 2005, patient visits to NVCI have totaled 125,000, well surpassing the predicted numbers initially set forth by the Institute.

“Nevada Cancer Institute could not have made the great strides in cancer research, care and education around the state that it has in two short years without the overwhelming support we have received from the community,” said Heather Murren, NVCI co-founder, chairman, and chief executive officer. “Our expansion allows us to continue pushing the envelope in innovative oncology care and research for the residents of Nevada.”

The new building will house a number of services and functions, including a 200-seat conference center, offices, clinical trials office, cancer registry, dry labs and a medical education library.

Scheduled to break ground October 2007, the new building will mirror the innovative architecture of its current facility and is scheduled for completion in late 2008 or early 2009. The developer is the American Nevada Company, and the contractor is the Korte Company.

NVCI’s One Breakthrough Way (OBW) reached 90 percent capacity at the end of the summer. The Charleston office space is at 100 percent capacity.

“An expansion is needed to keep pace with growth, both in terms of patients, support staff and medical staff,” said Sandra Murdock, F.A.C.H.E., Dr.P.H., president and chief operating officer. “We will continue to grow as we work toward becoming a National Cancer Institute-designated comprehensive cancer center and Nevada Cancer Institute becomes one of the premier clinical and research cancer centers.”

NVCI’s original 142,000-square-foot building opened September 23, 2005. The four-level building (one level is below ground) has two wings and is dedicated to patient care, research and education. The building, built by Marnell Corrao, was constructed to be a one-stop resource for cancer resources, care and information. Housed in NVCI’s flagship building are medical oncology, a radiation oncology suite, pathology lab, research laboratories, a 24-seat chemotherapy suite, complete and digital diagnostic imaging suite (MRI, PET-CT scan, mammography, etc), an Information and Resource Center that is open to the public and has affiliate membership in the National Network of Libraries of Medicine, Illuminations Boutique, Sunflower Café with a patio/garden area, meditation room and a yoga room.

About Nevada Cancer Institute
Nevada Cancer Institute (NVCI) is the official cancer institute for the State of Nevada. A nonprofit organization, NVCI is committed to reducing the burden of cancer by pursuing the development of a comprehensive cancer research institute, as defined by the National Cancer Institute. Through the knowledge and expertise of the finest scientists, clinicians, educators and caregivers, the Institute provides hope to communities in Nevada, the southwest and beyond through research, education, early detection, prevention and high quality patient care. NVCI is striving for a future without cancer that is achieved through initiated and collaborative research in basic, clinical and population science. For more information, please visit www.nevadacancerinstitute.org or call (702) 822-LIFE.

Pre-leasing and Construction Underway for New Class-A 134,400 Square Foot Office Building in Green Valley Corporate Center
=============================================================
HENDERSON, NV; September 18, 2007 -- American Nevada Company is actively pre-leasing space in a new four-story, Suburban Class A office building under construction at 2360 Corporate Circle in the 90-acre, master-planned Green Valley Corporate Center in Henderson, NV.
Charles Van Geel, Vice President of Commercial Leasing for American Nevada Company, said the 134,400-square-foot building offers a prime location in a master-planned business park, with direct adjacency to the I-215 Beltway at Green Valley Parkway. Available space ranges from approximately 2,000 to 33,900 square feet.
The building will feature a stunning two-story atrium lobby, a combination of punched window openings with a saw tooth pattern, allowing for multiple corner offices, stone tile flooring and granite tile accent walls, and attached parking garage. A portion of the building will be the new home of Greenspun Media Group, the valley’s premier publishing group of lifestyle magazines and other publications. The building is expected to be ready for occupancy in the second quarter of 2008.
Van Geel said Green Valley Corporate Center offers all the amenities of a central business district, combined with the conveniences and environment of an upscale suburban location. All buildings in the center offer the latest in fiber optic and telecommunications technologies.
The building will be constructed in ways that are environmentally sensitive, with the target of achieving LEED™ certification for the project. The Leadership in Energy and Environmental Design (LEED) Green Building Rating System™ is the nationally accepted benchmark for the design, construction, and operation of high performance green buildings. LEED promotes a whole-building approach to sustainability by recognizing performance in five key areas of human and environmental health: sustainable site development, water savings, energy efficiency, materials selection, and indoor environmental quality.
Along with its premier location at I-215 and Green Valley Parkway, Green Valley Corporate Center also offers proximity to The District at Green Valley Ranch - a unique mixed-use metropolitan lifestyle center with shopping, dining, entertainment, office space and residential lofts, set amid an outdoor pedestrian plaza and main street. The area also provides a strong population and employment base, a myriad of housing opportunities, nearby retail, restaurants, child care, medical facilities, parks, golf courses and easy access to McCarran International Airport and the Las Vegas strip.
Leasing information regarding American Nevada’s commercial properties can be obtained by calling Charles Van Geel or George Okinaka at 702-458-8855.

About American Nevada Company:
American Nevada Company is the master developer of Green Valley and Green Valley Ranch, and through its affiliates, is the managing member of North Valley Enterprises LLC, developer of the Aliante master-planned community and the managing partner in Silver Canyon Partnership, developer of the Seven Hills master-planned community. It is also the managing partner for Mission Peaks, an approximately 4,000-acre development near Tucson, AZ.
American Nevada currently holds a commercial portfolio of over 2.5 million square feet. Among its developments are the Green Valley Corporate Center and Green Valley Corporate Center South office parks; and The District at Green Valley Ranch, Southern Nevada’s first metropolitan lifestyle center. The company is also developer of the Aliante Corporate Center office park and Aliante MarketPlace, a 20-acre, grocery-anchored retail shopping center.
About The Greenspun Corporation:
The Greenspun Corporation is a privately-owned company that manages and oversees the financial interests of the Greenspun Family of Companies. Headquartered in Henderson, Nev., TGC holds a presence in real estate, media, communications, travel and tourism, gaming and technology. TGC has partnered with leaders in these industries to build an innovative portfolio including American Nevada Company, travel websites VEGAS.com and LasVegas.com, the Las Vegas Sun daily newspaper, various gaming partnerships, as well as the Greenspun Media Group whose primary businesses include weekly newspapers and magazine publications. In addition, the Company maintains investments in public and private securities in a variety of growth stage operating businesses or projects.

American Nevada Company Enters Into Partnership Agreement to Develop
New Community In Jean, Nevada
=============================================================
Development strengths of American Nevada Corp. and Diamond Resorts will team with MGM Mirage to create a 166-acre development 25 miles south of Las Vegas

LAS VEGAS, Feb. 12, 2007 - American Nevada Company announced today that it has entered into a partnership agreement with MGM Mirage and Jeanco Realty Development, LLC to form a 50/50 joint venture whose purpose is to master plan a mixed-use development on approximately 166-acres of land currently owned by MGM Mirage in Jean, Nevada. The agreement values the Jean assets, which currently generate approximately $6 million of annual cash flow, at $150 million.

Jeanco Realty Development, LLC is a joint venture of American Nevada Holdings, LLC, a subsidiary of American Nevada Corporation, and Diamond Resorts, LLC, a subsidiary of the Cloobeck Companies.

Located along Interstate 15, the mostly undeveloped site is well-situated for multi-purpose use, being just 25 miles south of Las Vegas and in close proximity to the proposed Ivanpah Valley Airport.

"We are delighted that we have this opportunity with MGM and Diamond to use our four decades of mixed-use and community development experience to help provide Southern Nevada with a more positive and enriching environment in Jean," said Brian Greenspun, Chairman of the Greenspun Companies. "We have always believed in the future of Southern Nevada and this is another ANC commitment to play our part in making the dream of Las Vegas better."

"As part of our continuing commitment to Southern Nevada, we envision the creation of a community featuring residential, commercial and retail elements in addition to a new hotel casino," said Terry Lanni, MGM MIRAGE Chairman and CEO. "We're very enthusiastic at the prospect of working with our new partners on this new development which we anticipate will have a positive impact on our community overall."

This new partnership is subject to state gaming approvals and is anticipated to close later this year.

The District at Green Valley Ranch Completes Phase Two Expansion
===========================================================

Having met with resounding success since it's opening in 2004, The District at Green Valley Ranch has completed the expansion of phase two. The District expansion features additional shopping and dining opportunities, including Cheesecake Factory, Whole Foods Market, the world's largest retailer of natural and organic foods, Las Vegas Golf & Tennis, and a host of additional unique shops and boutiques. 'The Green', a lush central park in the middle of phase two, will feature live entertainment and special events throughout the year.

The second phase of The District is located on the east side of Green Valley Parkway at I-215 directly across the street from the first phase. This second phase, consisting of six buildings, provides an additional 104,500 square feet of lifestyle-retail product and 51,300 square feet of office-over-retail space. Space is currently available for retail, restaurant and office use in phase two according to Charles VanGeel, vice president of leasing for American Nevada Company, the developer and managing company of The District.

About The District:
The District at Green Valley Ranch, located at Green Valley Parkway and I-215 in Henderson, NV, is the first mixed-use metropolitan lifestyle center in the Las Vegas valley, comprised of retail shops and boutiques, restaurants, luxury condominium lofts and flats over retail, offices over retail and a 3-story Class A office building. The 400,000 square foot center features a pedestrian-friendly “Main Street” ambiance with 70 retailers, including 17 restaurants/specialty foods, 24 fashion retailers and 29 specialty stores. Live musical entertainment can be enjoyed from The Courtyard (phase 1) and The Green (phase 2) on Friday and Saturday nights during the spring, summer and fall months. Special events and promotions provide additional activities throughout the year.

During business hours, The District Trolley Company provides a complimentary, air conditioned ride, linking both phases of The District, enabling pedestrians to conveniently traverse Green Valley Parkway.

Information regarding leasing opportunities in phase two of The District can be obtained by calling VanGeel of American Nevada Company at 702-458-8855.

Aliante MarketPlace is a 20-acre center offering 171,900 square feet of retail space anchored by a Smith’s Food and Drug. The center includes retail merchants, financial institutions, a service station and a food court with an oversized outdoor dining plaza. The center is designed in a modern style that incorporates a palette of warm desert colors accented with stone finishes and is interspersed with stone towers having bands of split-face block. Long shaded arcades provide pedestrian comfort.

Aliante Corporate Center features three planned, identical two-story office buildings in a 6.54-acre office park site near the southeast corner of I-215 and Aliante Parkway. The first two of these buildings have recently been completed at 2570 and 2590 Nature Park Drive and each offers 27,725 square-feet of office space. Aliante Corporate Center is located just north of the community’s 20-acre Nature Discovery Park and adjacent to the Aliante Information Gallery.

Aliante Medical Center, a 54,400 square foot medical office building, is in the planning stages. JMA Architecture Studios is the architect and Martin Harris Construction is the general contractor. The building is planned to accommodate a variety of medical services including urgent care, outpatient surgery, diagnostic imaging, women’s care, physical therapy and physician offices. A freestanding CVS Pharmacy will be located adjacent to the medical center.

These new developments, located just off I-215 and Aliante Parkway, will be a great asset to residents of Aliante and the surrounding area. They will also provide businesses with an opportunity to establish positions in a highly desirable and rapidly growing area.

Information regarding leasing opportunities in these developments can be obtained by calling Charles W. VanGeel of American Nevada Company at 702-458-8855.