LAS VEGAS, Aug. 20 /EMWNews/ -- Inc. ranked Las Vegas real estate
developer Group Gemstone today in the top five on its annual ranking of the
5,000 fastest-growing private companies in the country. Group Gemstone also
ranked as the fastest growing real estate developer in America, as well as
the fastest growing private company west of the Mississippi.
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"We're pleased that Inc. has recognized us as one of the five fastest
growing private companies in America," said Group Gemstone CEO, Alex
Edelstein, "Our success in a tough real estate market is evidence that
products with great design and companies with great execution can thrive in
any market environment."
The company's current development, ManhattanWest, is under construction
on 20 acres ten minutes west of the Las Vegas Strip. ManhattanWest features
700 residences along with shops, restaurants, office space, and a hotel.
"Our mission," says Edelstein, "is to build the best condominiums in
the world by focusing on quality of life. By building in amenities like our
own coffeehouse and wine bar, a 9th floor Sky Lounge with views of the
Strip, and services like dog day care, we can truly impact the way our
residents live." Gemstone's vision was validated earlier this year as
ManhattanWest was named one of the five best condominium communities in the
country by the National Association of Home Builders.
Las Vegas holds the unique honor of being the only city with two
companies ranked in the top 10 on this year's Inc. 5000. Joining Group
Gemstone at #6 on the list is Just Like Sugar, a Las Vegas based
manufacturer of sugar substitutes. Complete results of the Inc. 5000,
including company profiles and a list of the fastest-growing companies that
can be sorted by industry and region can be found at
http://www.inc5000.com.
Methodology
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007.
To qualify, companies must be U.S.-based and privately held, for profit,
independent -- not subsidiaries or divisions of other companies -- as of
December 31, 2007, and have had at least $200,000 in revenue in 2004, and
$2 million in 2007.
About Group Gemstone
Group Gemstone is one of the most prolific condominium developers in
Las Vegas through its Gemstone Development family member. Its first
project, the $230 million Manhattan Condominiums, was the first new
mid-rise condominium to be built in Las Vegas since 2002, and is one of the
largest mid-rise communities in the region. The project sold out its
initial 700 units, and was completed in 2007.
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Alex Edelstein
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