Haven Realty Capital Sells The Grove, a 256-Unit Apartment Community in Las Vegas

LOS ANGELES, Dec. 12, 2018 /PRNewswire/ — Las Vegas, NV –Haven Realty Capital, a Los Angeles-based real estate investment and asset management firm has sold The Grove apartments for $34,500,000 or about $135,000 per unit. The Grove is a well-located asset on the outskirts of Summerlin along interstate 95 in northwest Las Vegas.

Vittal Ram, Curt Allsop, Angela Bates and Doug Schuster with Newmark Knight Frank represented both the buyer and seller.

Haven acquired the property in August 2016 as an REO and undertook a significant repositioning of the property. The interior of the clubhouse was demolished and rebuilt to allow for a more open floor plan and a larger fitness center. The exterior façade of the property was repaired and painted in a multi-tone color palette. A firepit and grilling station were added to the pool area, along with a dog park to provide tenants with more amenities. The property was rebranded as The Grove with a new monument sign installed at the entrance.

In addition to the exterior renovations, 50% of the interior units was upgraded with faux-wood flooring, stainless steel appliances, grey two-tone paint, new modern counter tops, new cabinet faces and brushed nickel lighting and plumbing fixtures.

"Haven has been able to generate above market returns for investors by acquiring, renovating and stabilizing distressed and underperforming assets through intense operational management," stated Sudha Reddy, Managing Principal of Haven Realty Capital. "It began with our investment in the single-family rental industry and we’ve been able to carry over that same operational oversight to the multifamily sector."

"We identified the Las Vegas market as a growth market early before the institutional equity had arrived. The Grove benefited from its proximity to the Summerlin sub-market and the improving demographics along the Rainbow corridor," added Chris Turitto, Vice President of Acquisitions at Haven Realty Capital.

The Grove was built in 1989 and is situated on 13.5 acres of lush green landscape. Located at 2901 N Rainbow Blvd in northwest Las Vegas, the property consists of 15, two-story buildings comprised of one- and two-bedroom units. The property amenities include a 24-hour fitness center, completely renovated clubhouse, firepit and grilling station next to the pool, and a dog park.

The lead broker on the transaction, Vittal Ram, stated, "The Grove presented investors with the opportunity to acquire a really solid asset in an improving sub-market with some additional upside left from renovating the remaining 50% of the units. Haven did a great job taking an underperforming property and transforming it into a solid B+/A- apartment community. We saw strong demand while marketing the property and the buyer is very happy with asset they acquired."

Las Vegas is in the midst of a strong recovery from the economic downtown that crippled the city. With the addition of two professional sports franchises, the Vegas Golden Knights of the NHL and Las Vegas Raiders of the NFL, the city has been diversifying its economic base away from gambling and hospitality. Las Vegas continues to solidify its position as a premier entertainment destination. The business-friendly environment has also been a strong driver of increased job growth in the region.

About Haven Realty Capital
Haven Realty Capital is a real estate investment firm that specializes in the acquisition, renovation, leasing and management of rental housing units across the United States.

Since 2010, Haven has owned and operated over 2,000 single family rental units (approximately $300 million in assets) in Southern California, Nevada, and llinois, and has managed an additional 10,000 single family rental homes in AZ, TX, and GA.

In addition to the single-family rental investment and management business, Haven also owns and asset manages multifamily assets totaling approximately 2,500 units and valued in excess of $500 million in Nevada, Utah, Texas, Washington, Idaho and Minnesota.

View original content:http://www.prnewswire.com/news-releases/haven-realty-capital-sells-the-grove-a-256-unit-apartment-community-in-las-vegas-300764706.html

SOURCE Haven Realty Capital, LLC

Copyright (C) 2018 PR Newswire. All rights reserved

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Rosen fundraising topped $26M, Heller $15M in NV Senate race

Democratic Sen.-elect Jacky Rosen raised more than four times as much money as Republican Sen. Dean Heller in the final weeks of her successful campaign to unseat him in the high-profile race in November, with her total for the election cycle surpassing $26 million to Heller’s $15 million.

Democrats Susie Lee and former Rep. Steven Horsford also outspent their GOP opponents by 2-to-1 margins while keeping two key swing congressional seats blue in the Western battleground state, according to final election campaign spending reports the candidates filed late Thursday with the Federal Election Commission.

Heller was the only incumbent GOP senator up for re-election in a state that Democrat Hillary Clinton carried when President Donald Trump won the 2016 election. He reported more than $15 million in total campaign receipts for the election cycle, including $990,656 from Oct. 18 to Nov. 26.

Rosen, a first-term congresswoman from Las Vegas, raised $4.5 million during that period.

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Neither candidate reported any debts or loans.

Tarkanian, the son of former UNLV basketball coach Jerry Tarkanian, originally planned to challenge Heller in a GOP Senate primary but switched directions under pressure from Trump and others.

Lee, an education philanthropist in Las Vegas, spent about $5 million to replace Rosen in the southern Nevada district. She brought in almost $475,000 and spent about $681,000 between Oct. 18 and Nov. 26.

Tarkanian received about $2.5 million during the campaign. Of that, about $283,000 came in during the weeks just before and after the election.

In a rematch of former congressmen between Horsford and Republican Cresent Hardy, Horsford received about $2.26 million in donations during the election cycle, including $403,300 from Oct. 18 to Nov. 26.

First-term incumbent Democratic Rep. Ruben Kihuen decided against seeking re-election amid allegations of sexual misconduct.

Hardy, who unseated Horsford in 2014 but lost it two years later to Kihuen, took in about $899,600 during the race. Of that, about $120,100 came in the final reporting period. Hardy spent about $779,900 for the cycle, including $151,800 from Oct. 18 to Nov. 26.

Republican Rep. Mark Amodei and Democratic Rep. Dina Titus faced little opposition in their re-election bids in the safest districts in the state.

Amodei reported total campaign receipts of $1.27 million in defeating Democrat Clint Koble, an Obama-appointee to the U.S. Agriculture Department, in the sprawling 2nd District covering most of northern Nevada. He still had $291,115 cash on hand as of Nov. 26, his FEC report said.

Koble reported total receipts of $156,146 with $553 cash on hand.

Titus of Las Vegas reported receipts of $720,271 and $246,106 cash left at the end of the reporting period in the 1st District. Her Republican foe Joyce Bentley reported raising no money.

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Watch passenger video inside Southwest plane

Watch passenger video inside Southwest plane

Marty Martinez, a passenger aboard Southwest Airlines flight 1380 that made an emergency landing after engine failure, says that the landing was so violent, he thought they were crashing. CNN’s Brian Todd reports.

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Las Vegas startup scene finding its footing after 2012 boom

Many local entrepreneurs, in tandem with local and state officials, are trying to solve the age-old chicken and egg workforce dilemma: Does the talent follow the company, or do companies follow the talent? Domingo Rosa works on his computer during a JavaScript crash course at PunchCode on Casino Center Boulevard on Thursday, Feb. 8, 2018. Patrick Connolly Las Vegas Review-Journal @PConnPie Mike Sweeney, lead instructor at PunchCode, teaches a JavaScript crash course at PunchCode on Casino Center Boulevard on Thursday, Feb. 8, 2018.

Start the conversation, or Read more at Las Vegas Review Journal.

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CA Las Vegas NV Zone Forecast

CA Las Vegas NV Zone Forecast for Wednesday, February 21, 2018

_____

514 FPUS55 KVEF 211637

ZFPVEF

Zone forecasts for the Mojave Desert and Southern Great Basin

National Weather Service Las Vegas NV

835 AM PST Wed Feb 21 2018

This is an automatically generated product that provides average

values for large geographical areas and may not be representative

of the exact location that you are interested in. For a more site

specific forecast…please visit weather.gov/lasvegas and either

(1) Select a location from the dropdown menu above the map or

(2) Click a location on the map. You can refine your selection by

clicking on the map displayed on the resulting page.

CAZ519-220000-

Eastern Sierra Slopes-

including Aspendell and Whitney Portal

835 AM PST Wed Feb 21 2018

…WIND ADVISORY IN EFFECT FROM 8 AM TO 10 PM PST THURSDAY…

.REST OF TODAY…Partly sunny. A slight chance of snow showers

early in the morning…then a chance of snow showers in the

afternoon. Highs 19 to 29. Winds generally light. Chance of snow

50 percent.

.TONIGHT…Mostly cloudy in the evening then becoming partly

cloudy. Windy. A 20 percent chance of snow showers. Lows 4 to 14.

Winds generally light becoming west 20 to 30 mph after midnight.

Gusts up to 45 mph.

.THURSDAY…Partly sunny. Very windy. A slight chance of snow

showers in the morning…then a chance of snow showers in the

afternoon. Areas of blowing dust in the afternoon. Highs 18 to

28. West winds 25 to 35 mph increasing to 35 to 45 mph in the

afternoon. Gusts up to 65 mph. Chance of snow 50 percent.

.THURSDAY NIGHT…Windy. Areas of blowing dust in the evening.

Mostly cloudy with a 50 percent chance of snow showers. Lows 2 to

12. West winds 20 to 30 mph becoming northwest around 15 mph

after midnight. Gusts up to 50 mph.

.FRIDAY…Breezy. Partly sunny with a 20 percent chance of snow

showers. Highs 20 to 30. North winds 15 to 25 mph.

.FRIDAY NIGHT…Mostly clear. Not as cold. Lows around 22.

.SATURDAY AND SATURDAY NIGHT…Partly cloudy. Breezy. Not as

cool. Highs 40 to 45. Lows 24 to 29.

.SUNDAY…Sunny. Highs around 43.

.SUNDAY NIGHT AND MONDAY…Partly cloudy. Lows 26 to 31. Highs

43 to 48.

.MONDAY NIGHT AND TUESDAY…Partly cloudy. A 20 percent chance of

snow showers. Lows 27 to 32. Highs 39 to 44.

$$

CAZ521-220000-

White Mountains of Inyo County-

including Westgard Pass and Bristlecone Pine

835 AM PST Wed Feb 21 2018

.REST OF TODAY…Partly sunny. A 20 percent chance of snow

showers early in the morning. Highs 25 to 35. Winds generally

light.

.TONIGHT…Partly cloudy. Lows 9 to 19. Winds generally light.

.THURSDAY…Partly sunny. Windy. A slight chance of snow showers

in the morning…then a chance of snow showers in the afternoon.

Areas of blowing dust in the afternoon. Highs 26 to 36. West

winds around 15 mph increasing to 20 to 30 mph in the afternoon.

Gusts up to 45 mph. Chance of snow 50 percent.

Read Full Article

.THURSDAY NIGHT…Areas of blowing dust in the evening. Mostly

cloudy with a 50 percent chance of snow showers. Lows 9 to 19.

Northwest winds around 15 mph with gusts to around 35 mph.

.FRIDAY…Breezy. Partly sunny with a 20 percent chance of snow

showers. Highs 26 to 36. North winds 15 to 25 mph.

.FRIDAY NIGHT…Mostly clear. Lows around 23.

.SATURDAY…Mostly sunny. Not as cold. Highs around 44.

.SATURDAY NIGHT AND SUNDAY…Mostly clear. Lows 25 to 30. Highs

44 to 49.

.SUNDAY NIGHT AND MONDAY…Partly cloudy. Lows 26 to 31. Highs

46 to 51.

.MONDAY NIGHT…Mostly clear. Lows around 30.

.TUESDAY…Mostly sunny. Highs around 44.

$$

CAZ520-220000-

Owens Valley-

including Bishop, Independence, Lone Pine,

and Olancha

835 AM PST Wed Feb 21 2018

…WIND ADVISORY IN EFFECT FROM 8 AM TO 10 PM PST THURSDAY…

.REST OF TODAY…Partly sunny. Highs 43 to 46. North winds up to

10 mph early in the morning becoming light.

.TONIGHT…Partly cloudy. Lows 23 to 26. Winds generally light.

.THURSDAY…Windy. Partly sunny with a 20 percent chance of snow

showers. Areas of blowing dust in the afternoon. Highs 44 to 47.

Northwest winds up to 10 mph increasing to west 25 to 35 mph in

the afternoon. Gusts up to 50 mph.

.THURSDAY NIGHT…Mostly cloudy. Areas of blowing dust in the

evening. A chance of snow showers in the evening…then a slight

chance of snow showers after midnight. Lows 23 to 26. Northwest

winds 10 to 15 mph with gusts to around 40 mph. Chance of snow

50 percent.

.FRIDAY…Mostly sunny. A 20 percent chance of snow showers in

the morning. Highs 44 to 47. North winds 10 to 20 mph.

.FRIDAY NIGHT THROUGH SUNDAY NIGHT…Mostly clear. Lows 29 to 32.

Highs 53 to 56.

.MONDAY…Mostly sunny. Highs around 57.

.MONDAY NIGHT…Mostly clear. Lows around 36.

.TUESDAY…Mostly sunny. Highs around 54.

$$

CAZ522-220000-

Death Valley National Park-

including Furnace Creek, Stovepipe Wells,

and Shoshone

835 AM PST Wed Feb 21 2018

.REST OF TODAY…Mostly sunny. Highs around 40 in the mountains…

62 to 65 at Furnace Creek. Winds generally light becoming south

up to 10 mph in the afternoon.

.TONIGHT…Partly cloudy. Lows 20 to 23 in the mountains…around

40 at Furnace Creek. Winds generally light becoming south up to

10 mph after midnight.

.THURSDAY…Mostly sunny. Breezy. A 20 percent chance of snow

showers in the afternoon. Areas of blowing dust in the afternoon.

Highs 39 to 42 in the mountains…65 to 68 at Furnace Creek.

South winds up to 10 mph increasing to west 15 to 25 mph in the

afternoon. Gusts up to 45 mph.

.THURSDAY NIGHT…Mostly cloudy. A 20 percent chance of snow

showers in the evening. Areas of blowing dust in the evening.

Lows 21 to 24 in the mountains…41 to 44 at Furnace Creek.

Northwest winds 10 to 15 mph with gusts to around 35 mph.

.FRIDAY…Mostly sunny. Breezy. Highs around 40 in the

mountains…63 to 66 at Furnace Creek. North winds 15 to 25 mph.

.FRIDAY NIGHT AND SATURDAY…Mostly clear. Warmer. Lows 26 to

29 in the mountains…39 to 42 at Furnace Creek. Highs around

50 in the mountains…64 to 67 at Furnace Creek.

.SATURDAY NIGHT THROUGH SUNDAY NIGHT…Mostly clear. Lows 31 to

34 in the mountains…44 to 47 at Furnace Creek. Highs 49 to

52 in the mountains…around 70 at Furnace Creek.

.MONDAY…Mostly sunny. Highs around 52 in the mountains…around

70 at Furnace Creek.

.MONDAY NIGHT…Mostly clear. Lows around 35 in the mountains…

around 49 at Furnace Creek.

.TUESDAY…Mostly sunny. Highs around 50 in the mountains…

around 70 at Furnace Creek.

$$

CAZ523-220000-

Western Mojave Desert-

including Barstow, Daggett, and Fort Irwin

835 AM PST Wed Feb 21 2018

…WIND ADVISORY IN EFFECT FROM 8 AM TO 10 PM PST THURSDAY…

.REST OF TODAY…Mostly sunny. Highs 49 to 52. Winds generally

light becoming west up to 10 mph in the afternoon.

.TONIGHT…Mostly clear. Lows 30 to 33. West winds up to 10 mph

shifting to the southwest after midnight.

.THURSDAY…Mostly sunny. Very windy. A 20 percent chance of rain

showers in the afternoon. Areas of blowing dust in the afternoon.

Highs 52 to 55. Southwest winds 20 to 30 mph increasing to west

30 to 40 mph in the afternoon. Gusts up to 55 mph.

.THURSDAY NIGHT…Partly cloudy. Windy. A 20 percent chance of

rain showers in the evening. Areas of blowing dust in the

evening. Snow level 3000 feet in the evening. Lows 30 to 33. West

winds 20 to 30 mph decreasing to 10 to 15 mph after midnight.

Gusts up to 50 mph.

.FRIDAY…Sunny. Highs 50 to 53. Northwest winds 10 to 20 mph.

.FRIDAY NIGHT AND SATURDAY…Mostly clear. Lows 30 to 33. Highs

around 60.

.SATURDAY NIGHT THROUGH TUESDAY…Mostly clear. Lows 36 to 39.

Highs 62 to 65.

$$

CAZ524-220000-

Eastern Mojave Desert-

including Baker, Mountain Pass,

and Mitchell Caverns

835 AM PST Wed Feb 21 2018

…WIND ADVISORY IN EFFECT FROM 8 AM TO 10 PM PST THURSDAY…

.REST OF TODAY…Mostly sunny. Highs around 50. Winds generally

light becoming southwest up to 10 mph in the afternoon.

.TONIGHT…Partly cloudy. Lows 30 to 33. Southwest winds up to

10 mph increasing to 10 to 15 mph after midnight.

.THURSDAY…Partly sunny. Windy. A 20 percent chance of rain

showers and snow showers in the afternoon. Areas of blowing dust

in the afternoon. Highs 52 to 55. Southwest winds 10 to 15 mph

increasing to 20 to 30 mph in the afternoon. Gusts up to 45 mph.

.THURSDAY NIGHT…Partly cloudy in the evening then becoming

mostly cloudy. Breezy. Areas of blowing dust in the evening. A

20 percent chance of rain showers and snow showers. Snow level

3000 feet decreasing to 2500 feet after midnight. Lows 32 to 35.

West winds 15 to 25 mph decreasing to 10 to 15 mph after

midnight. Gusts up to 45 mph.

.FRIDAY…Partly sunny. Breezy. A slight chance of rain showers

and snow showers in the morning…then a slight chance of snow

showers in the afternoon. Highs around 50. Northwest winds 15 to

25 mph. Chance of precipitation 20 percent.

.FRIDAY NIGHT THROUGH TUESDAY…Mostly clear. Lows 35 to 38.

Highs 60 to 63.

$$

CAZ525-220000-

Morongo Basin-

including Morongo Valley, Yucca Valley,

and Twentynine Palms

835 AM PST Wed Feb 21 2018

…WIND ADVISORY IN EFFECT FROM 8 AM TO 10 PM PST THURSDAY…

.REST OF TODAY…Mostly sunny. Highs 54 to 57 in Twentynine

Palms…around 50 around Yucca Valley. Winds generally light.

.TONIGHT…Mostly clear. Lows 35 to 38 in Twentynine Palms…

30 to 33 around Yucca Valley. West winds up to 10 mph increasing

to 10 to 15 mph after midnight.

.THURSDAY…Mostly sunny. Windy. A 20 percent chance of rain

showers in the afternoon. Areas of blowing dust in the afternoon.

Highs around 60 in Twentynine Palms…50 to 53 around Yucca

Valley. Southwest winds 10 to 15 mph increasing to 20 to 30 mph

in the afternoon. Gusts up to 45 mph.

.THURSDAY NIGHT…Breezy. Areas of blowing dust in the evening.

Partly cloudy with a slight chance of rain showers in the

evening…then mostly cloudy with a slight chance of rain showers

and snow showers after midnight. Lows 39 to 42 in Twentynine

Palms…32 to 35 around Yucca Valley. West winds 15 to 25 mph

decreasing to 10 to 15 mph after midnight. Gusts up to 40 mph.

Chance of precipitation 20 percent.

.FRIDAY…Partly sunny. Breezy. A 20 percent chance of rain

showers and snow showers in the morning. Snow level 2500 feet.

Highs 53 to 56 in Twentynine Palms…around 50 around Yucca

Valley. Northwest winds 15 to 25 mph.

.FRIDAY NIGHT THROUGH TUESDAY…Mostly clear. Lows around 40.

Highs 64 to 67 in Twentynine Palms…59 to 62 around Yucca

Valley.

$$

CAZ526-220000-

Cadiz Basin-

Including the city of Vidal Junction

835 AM PST Wed Feb 21 2018

.REST OF TODAY…Partly sunny. Highs 55 to 58. Winds generally

light becoming southwest up to 10 mph in the afternoon.

.TONIGHT…Partly cloudy. Lows 34 to 37. West winds up to 10 mph.

.THURSDAY…Mostly sunny. Windy. Areas of blowing dust in the

afternoon. Highs 60 to 63. South winds up to 10 mph increasing to

southwest 20 to 30 mph in the afternoon.

.THURSDAY NIGHT…Areas of blowing dust in the evening. Partly

cloudy in the evening…then mostly cloudy with a 20 percent

chance of rain showers after midnight. Lows 39 to 42. West winds

10 to 20 mph with gusts to around 35 mph.

.FRIDAY…Breezy. Partly sunny with a 20 percent chance of rain

showers and snow showers. Highs 56 to 59. Northwest winds 10 to

15 mph increasing to 15 to 25 mph in the afternoon.

.FRIDAY NIGHT…Mostly clear. Lows around 37.

.SATURDAY…Sunny. Highs around 62.

.SATURDAY NIGHT THROUGH TUESDAY…Mostly clear. Lows 40 to 43.

Highs 66 to 69.

$$

weather.gov/lasvegas

_____

Copyright 2018 AccuWeather

_____

Keywords: California, Zone Forecast

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Kremlin Caterer Accused in U.S. Election Meddling Has History of Dishing Dark Arts

ST. PETERSBURG— Yevgeny Prigozhin, the Kremlin’s favorite restaurateur, won a lucrative government contract to deliver school lunches across Moscow in 2011. Parents were soon up in arms. Their children wouldn’t eat the food, saying it smelled rotten.

As the bad publicity mounted, Mr. Prigozhin’s company, Concord Catering, launched a counterattack, a former colleague said. He hired young men and women to overwhelm the internet with comments and blog posts praising the food and dismissing the parents’ protests.

“In five minutes, pages were drowning in comments,” said Andrei Ilin, whose website serves as a discussion board about public schools. “And all the trolls were supporting Concord.”

On Friday, a federal grand jury empaneled by special counsel Robert Mueller indicted Mr. Prigozhin, some of his companies and a dozen of his employees on charges of conspiracy to defraud the U.S. by tampering in the 2016 presidential election.

The online army accused of sowing discord among American voters during the 2016 presidential campaign emerged from a tiny corner of the business empire built by Mr. Prigozhin, a millionaire who also operates some of St. Petersburg’s most prestigious restaurants, according to more than a dozen former colleagues, employees and others familiar with the operations.

Workers at the Internet Research Agency, or IRA, posed as Americans to create Facebook posts and Twitter accounts with the intention of influencing the 2016 U.S. presidential election, according to the indictments.

Mr. Prigozhin has previously denied ties to the IRA and on Friday dismissed his indictment. “Americans are very impressionable people. They see what they want to believe,” he told RIA, a Russian news agency. “I respect them greatly. I’m not at all bothered that I’m on that list. If they want to see the devil, let them see him.”

He started out as a hot dog vendor in the early 1990s and went on to seize opportunities that emerged during the breakup of the Soviet Union, making his mark in high-end dining for a new Russian elite. One customer, Vladimir Putin, became his chief patron.

Russian businessman Yevgeny Prigozhin at a meeting on June 16, 2016 in St. Petersburg. Photo: Mikhail Svetlov/Getty Images

Over the years, Concord Catering and his other companies gained multimillion-dollar government contracts to feed Russian soldiers and provide utilities at military bases. Some of the revenue clandestinely supported the Internet Research Agency, the social-media operation housed in a nondescript building in a sleepy neighborhood of St. Petersburg, according to Anonymous International, a Russian hacking group.

Abroad, Mr. Prigozhin’s enterprises have fueled some of Russia’s most audacious operations to inflame division. The agency, for instance, has weighed in on everything from Brexit, according to studies at Stanford and Edinburgh universities, to Russia’s military intervention in Syria, Russian media reported.

Using his connections with the defense ministry, Mr. Prigozhin also created a private military corporation, the Wagner Group, which fields Russian mercenaries to defend the Kremlin’s interests in Syria, Ukraine and North Africa, according to people familiar with the matter.

“Yevgeny Prigozhin believes he is the Czar’s right hand,” said Yevgeny Vyshenkov, who has known Mr. Prigozhin for years and whose Fontanka newspaper in St. Petersburg has written about him in numerous articles.

From his start as a food vendor in St. Petersburg’s Apraksin market, Mr. Prigozhin had by 1996 raised enough money to start Concord Catering. He opened his first restaurants along the picturesque canals and grand thoroughfares of St. Petersburg. At his flagship restaurant, The Customs House, guests in the early days were greeted with a shot of vodka served in an ice tumbler.

Against the drab backdrop of post-Soviet St. Petersburg, Mr. Prigozhin’s restaurants were among the few elegant enough to take foreign guests. International Monetary Fund officials were regulars, as was Mr. Putin, at the time a top official in the St. Petersburg mayor’s office.

Mr. Prigozhin was in high demand. Waiters employed by Concord Catering said private banquets were held in Russia’s opulent Winter Palace and Hermitage Museum.

After Mr. Putin became president, he selected Mr. Prigozhin’s riverboat restaurant, New Island, as the site of a dinner meeting with President George W. Bush in 2002. During the meal, the two leaders cruised the canals of St. Petersburg. Mr. Bush wrote a letter of thanks to Mr. Prigozhin, according to a copy viewed by The Wall Street Journal.

Russian President Vladimir Putin, first lady Laura Bush, President George W. Bush and Mr. Putin’s wife, Lyudmila, set to board the New Island on May 25, 2002. Photo: Presidential Press Service/TAR-TASS/Associated Press

Mr. Prigozhin’s cuisine helped him gain entry into powerful Kremlin circles. The Concord company’s website boasted of his invitation to cook for the 300th anniversary of the founding of St. Petersburg. He also catered Dmitry Medvedev’s 2008 presidential inauguration.

Mr. Prigozhin’s IRA sought to influence opinion on local issues including policing and education policy, said Andrei Soshnikov, a journalist who worked undercover there in 2013. “It looked like a headquarters for a local election, a shabby rented office, a few old computers,” he said.

But despite outward appearances, the agency’s ambitions grew.

By 2014, mass protests had overtaken Ukraine’s capital of Kiev, threatening the rule of Ukrainian President Viktor Yanukovych, an ally of Moscow. Mr. Prigozhin, by all accounts a staunch Russian nationalist, shifted gears, hiring men and women as “internet content producers,” according to his company’s help-wanted ads.

One man that responded to the job advertisement was Vitaly Bespalov, who had recently moved to St. Petersburg from his native Tyumen. When he came to the job interview at IRA’s new offices on Savushkina 55, Mr. Bespalov said, he was told to leave all his personal details at the front desk, including his passport number. An armed guard stood by.

After a brief test, Mr. Bespalov was assigned to what was called the Ukraine project. The job entailed rewriting news from the point of view of pro-Russian separatists who at the time had just seized territory in eastern Ukraine.

“You take 20 pieces of news every day and rewrite, replacing one word for another, to write it from the point of view of Russia’s foreign policy,” he said.

More

The news was distributed to a network of news sites created by the Internet Research Agency. As Ukrainian authorities tried to shut down the sites, Mr. Bespalov said, the IRA team would switch web addresses to stay online.

The news sites, in some cases, drew as many as 100,000 views a day. Other IRA employees created personal accounts, posing as patriotic grandmothers, homemakers and others. They would distribute the rewritten news items through social media accounts, spreading them across the internet.

As conflicts escalated in Ukraine and Syria, crews at the Internet Research Agency operated around the clock.

A leak from Anonymous International revealed in more than 2,000 emails from employees of the IRA how managers taught ways to navigate social media: PowerPoint presentations suggested, for instance, the best times to post on Facebook or Twitter for maximum likes or retweets.

The emails included exchanges between IRA workers and employees at Mr. Prigozhin’s Concord Catering. Among the leaked emails are essays written by IRA employees pretending to be Americans, many riddled with typos.

The essays would turn out to be training for a new operation the IRA started in 2015 and aimed at a U.S. audience, according to people who worked there. That summer, the group started creating accounts on Facebook, Twitter and Instagram. Some workers tried to imitate American southern accents in their posts. Others posed as Muslims, African-Americans or middle-class Baptists. What the posts all shared was anger with and distrust of authority, government and the news media.

One alleged IRA-created site, BlackMattersUS, was set up to mimic slogans and messages of the Black Lives Matter movement. It carried the same Internet provider address as one of the IP addresses of the Internet Research Agency.

Alan Baskaev worked at the agency during the U.S. presidential campaign developing pages, some made to seem as if they were written by African-Americans and others intended to imitate racists, he told a Russian TV station. He said he was given freedom to come up with his own personalities and posts: “Those were my ideas.”

The IRA also bought advertising. Facebook identified more than 3,000 ads purchased by accounts associated with the IRA from 2015 to 2017. The ads—on such issues as immigration, race and gun violence—reached an estimated 10 million people in the U.S.

Twitter suspended more than 3,800 accounts the company said were associated with the IRA, including one pretending to be the unofficial feed of Tennessee Republicans, which had more than 140,000 followers. Many of the accounts sent tweets denigrating Democratic presidential candidate Hillary Clinton and boosting Republican candidate Donald Trump. Mr. Trump once retweeted a post from the bogus Tennessee GOP account to his millions of followers.

Over the past year, Mr. Prigozhin has focused on the Wagner Group and potential spoils from the war in Syria, according to Russian officials and an individual who fought with the group in Syria.

While revenues are hard to measure, as the Wagner Group is closely held, documents acquired from Russia’s Federal Antimonopoly Service show large sums flow through Mr. Prigozhin’s various companies.

Opposition politician Alexei Navalny and his Anti-Corruption Fund requested Russia’s antimonopoly body to look into the companies. They found a web of interlocking ownership that held a monopoly on defense ministry services, according to documents reviewed by the Journal.

The antimonopoly body released bank records that showed millions of dollars flowing from Mr. Prigozhin’s Concord to nearly 30 companies associated with him, according to Mr. Navalny, the anticorruption activist. “It’s a way of pushing money around, from one company to another in order to keep all his enterprises going,” he said.

Mr. Prigozhin provided more than utilities and food for the Russian military. U.S. authorities sanctioned Mr. Prigozhin in 2016 for helping Russia’s armed forces build bases along the border with eastern Ukraine where the Kremlin has supported separatist rebels.

His private military company, the Wagner Group, has operated in the Kremlin’s hot spots, from Ukraine to Syria, supplementing Russia’s military forces, according to the two Russian officials and member of the group.

People acquainted with Mr. Prigozhin said he won the right to profits from some crude oil and gas fields in Syria. The company through which he was meant to share those profits, Evro Polis, was sanctioned in January.

—Alan Cullison contributed to this article.

Write to Thomas Grove at thomas.grove@wsj.com

Appeared in the February 17, 2018, print edition as ‘Kremlin Caterer Dishes Dark Arts.’

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Audit of Nevada housing program doesn’t tell the full story

The Nevada Affordable Housing Assistance Corp. (NAHAC) is a nonprofit organization responsible for administering the U.S. Treasury-sponsored Nevada Hardest Hit Fund. In response to the Feb. 3 Review-Journal story regarding the return of $6,664,231 in fifth-round funding dollars that were allocated to help struggling Nevada homeowners, we offer the following response:

The Review-Journal story reported the number of Nevadans assisted by the program in 2017 as 167. The correct number is 260 households.

In addition, the loss of more than $6 million in Hardest Hit Fund dollars is tied to NAHAC receiving a fifth-round funding allocation of approximately $8 million in February 2016. Those funds were in addition to the roughly $190 million that were previously earmarked to the program. When NAHAC received those fifth-round dollars, the state’s and nation’s economy were on the road to recovery. Home values and sales continue to be on the rise; unemployment is on the decline; and wages are rising. These very positive indicators have contributed to a decline in the amount of funding required to assist struggling homeowners, while also reducing the number of homeowners in need.

NAHAC continues to monitor the state housing market in order to remain responsive and prepared to adjust and/or create programs that will address the changing needs of Nevada homeowners.

In response to the charges of “wasteful spending,” including unnecessary employee perks, NAHAC acknowledges the missteps of the previous administration. Since my tenure began in June 2016, NAHAC has addressed all of the issues identified nearly two years ago. The state of operations prior to my arrival bears no resemblance to NAHAC’s current culture of accountability, responsible operations and full transparency.

My staff and I will continue to successfully seek and implement operational efficiencies and cost savings, as well as improvements to public outreach to best utilize the remaining $67 million Hardest Hit Fund dollars in a manner that fits the evolving needs of Nevada homeowners.

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Las Vegas Valley Water District, NV Various Ratings Raised To ‘AA+’ On Economic Growth And Strong Cash Reserves

CENTENNIAL (S&P Global Ratings) Feb. 6, 2018–S&P Global Ratings raised its long-term rating to ‘AA+’ from ‘AA’ on Las Vegas Valley Water District, Nev.’s outstanding limited-tax general obligation (GO) water revenue bonds. At the same time, S&P Global Ratings raised its issuer credit rating on the district to ‘AA+’ from ‘AA’. In addition, S&P Global Ratings raised its long-term rating to ‘AA+’ from ‘AA’ on the district’s outstanding parity obligations additionally secured by the net revenues of the district, and parity debt additionally secured by pledged revenues of Southern Nevada Water Authority (SNWA). S&P Global Ratings also affirmed its ‘A-1+’ short-term rating on the district’s limited-tax GO commercial paper (CP) notes. Finally, S&P Global Ratings assigned its ‘AA+’ long-term rating to the district’s series 2018B limited-tax GO water revenue refunding bonds, additionally secured by pledged revenues of SNWA. The outlook on all ratings is stable.

The series 2018B bonds are being issued to refinance the district’s series 2008B GO limited-tax (additionally secured by SNWA) bonds outstanding for annual debt service savings.

"The rating actions reflect our view of the district’s continued economic growth and improved property wealth over the last several years," said S&P Global Ratings credit analyst Michael Parker. "The rating actions also reflect the district’s maintenance of strong cash reserves and good all-in coverage metrics recently."

The ‘AA+’ GO rating reflects our opinion of the district’s:

Statutory authority to levy an ad valorem tax on property owners in the district’s service area, which provides substantial financial flexibility;

Strong economic fundamentals, with a tax base that is virtually coterminous with the broad and diverse Clark County and is additionally supported through greater employment diversity in recent years and strong income and wealth indicators;

Critical role as the primary water utility serving Nevada’s largest metropolitan area;

Strong financial management practices and policies; and

Strong liquidity position supported by an adopted reserve policy that we believe will be maintained going forward.

These strengths are partially offset by the district’s significant capital needs and already moderately high leverage based on a debt-to-capitalization ratio of 76% in 2017.

The stable outlook reflects our view of the strength of the local and regional economy within the Las Vegas-Henderson-Paradise metropolitan statistical area, supported by continued property tax wealth growth in recent years. The stable outlook also reflects the district’s stable customer base and strong liquidity and reserves. The outlook reflects our expectation that the district will maintain its strong financial position and at least good all-in coverage, despite significant capital needs in the near term. We do not expect to change the ratings over the next two years.

Although not expected, we could raise the ratings if the district’s all-in coverage levels significantly improve in a manner that we believe would be sustainable.

Should district revenue collections deteriorate or near-term debt issuances weaken coverage to levels no longer in line with those of similarly rated peers, we could lower the ratings.

certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such criteria. Please see Ratings Criteria at www.standardandpoors.com for further information. Complete ratings information is available to subscribers of RatingsDirect at www.capitaliq.com. All ratings affected by this rating action can be found on the S&P Global Ratings’ public website at www.standardandpoors.com. Use the Ratings search box located in the left column.

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Cherry Audio Intros Voltage Modular Software Synthesizer

At the 2018 NAMM Show, Cherry Audio introduced Voltage Modular, a new software modular synthesizer platform.

Voltage Modular joins a growing category of software modular systems that are based around the look and feel of the popular Eurorack hardware standard, rather than being based on the elemental functions of synthesis.

We talked with Mitchell Sigman, who gave us an overview and demo of the new system.

In the second video, below, Sigman demonstrates the Modular Editor, which lets you create your own modules:

Cherry Audio expects to release Voltage Modular around April 2018. See their site for more information.

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Trump speaks in Davos, addresses the World Economic Forum — live blog

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President Trump will address the World Economic Forum in Davos, Switzerland, Friday.

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