Industrial Space Reimagined
The Future of Office Space
When the coronavirus pandemic turned life upside down in Las Vegas, the office market was not spared the turmoil. Buildings emptied as white-collar staffers were sent home over fears of the outbreak, sparking discussions over how much office space companies really need as people worked from their couch or kitchen table. Several office deals in…
NV Energy has a new landlord. Moonwater Capital founder Ofir Hagay bought the power company’s Las Vegas headquarters at 6226 W. Sahara Ave., near Jones Boulevard, for $33.35 million. The sale closed July 10, property records show. The purchase is among the most notable commercial property deals in Southern Nevada since the coronavirus pandemic upended…
Amazon plans to more than double its corporate workforce in Las Vegas by creating 125 additional positions, the company announced Thursday. The additional employees will join its current corporate workforce of 100 at the company’s recently leased 30,000-square-foot office space in Town Square Las Vegas. Amazon took the second floor of the building at 6551…
LAS VEGAS (KSNV) — Amazon announced on Thursday an expansion of its Las Vegas workforce by opening a new 30,000 square foot office at Town Square and announcing efforts to create 125 additional corporate jobs in the city. “We are excited to create more jobs in Las Vegas and continue to invest in the city and…
Amazon (NASDAQ: AMZN) today announced an expansion of the company’s workforce in Las Vegas with plans to create 125 additional corporate jobs in the city. To accommodate this growth, the company recently opened a new 30,000 square foot office in Town Square in downtown Las Vegas. This expansion will allow Amazon to more than double…
Town Square Las Vegas has landed two high-profile office tenants. Moonwater Capital founder Ofir Hagay, who owns office space there, confirmed that Amazon leased space from him at the 100-acre complex south of the Strip. He also said office-sharing firm WeWork rented space from him in a separate building. The leases bring tenants to offices that…
Las Vegas Review Journal In another sign of investor appetite for the once-dreary office market, a local landlord acquired several buildings in Summerlin and vacant space at Town Square Las Vegas. Moonwater Capital founder Ofir Hagay said he and his partners had purchased about 445,000 square feet of Las Vegas office space. The $84.3 million…
Las Vegas Review Journal OneRepublic frontman Ryan Tedder is known for belting out such hits as “Apologize” and “Stop and Stare.” Now the pop-rock star is plowing millions into a seemingly random line of business: Las Vegas’ office market. Tedder led a group that acquired a four-story, roughly 105,000-square-foot building at Rainbow Boulevard and Post…
Las Vegas Review Journal When Ofir Hagay and partners bought ManhattanWest five years ago, the suburban Las Vegas project was abandoned, unfinished and surrounded by barbed wire-topped fencing. “It was like a war zone,” he said. Today, after completing construction, landing tenants and selling its commercial buildings, Hagay’s group has sold the rest of the…
Las Vegas Review Journal Las Vegas’ office market was left for dead during the recession as job losses soared and buildings emptied. But in a sign that things could finally be turning the corner, investor purchases are climbing fast – and they’re not just buying ghost-town buildings at discounts anymore. There were 94 office-property sales…
Raz Hagay is the Director of Marketing & Brand Strategy at Moonwater Capital, where she leads the company’s branding, marketing, and communications initiatives across its growing portfolio of commercial, industrial, and mixed-use developments. She oversees brand strategy, digital marketing, website development, content creation, project marketing, and strategic partnerships, helping shape the company’s public presence and long-term vision.
Since joining Moonwater Capital, Raz has played an integral role in strengthening the company’s brand through marketing campaigns, website development, event planning, and creative direction. She works closely with leadership, consultants, and project teams to ensure a consistent brand identity across every development and marketing initiative.
Raz earned her Bachelor of Science in Business Administration with an emphasis in Marketing from Chapman University and her Master of Science in Hotel Administration from the University of Nevada, Las Vegas. Her background in marketing, hospitality, and operations allows her to bring both strategic thinking and creative execution to every project.
Today, Raz continues to lead Moonwater Capital’s marketing efforts while supporting the company’s continued growth and expanding its presence throughout Southern Nevada.
Andrew J. Glendon serves as Chief Legal Officer for Moonwater Capital and leads the transactional and business law practice at Santoro Whitmire. With more than 25 years of legal experience, he advises the company on complex real estate transactions, corporate governance, mergers and acquisitions, financing, tax matters, and business strategy. Andy has been recognized as a Super Lawyers Mountain States Rising Star and is a frequent lecturer and author on business, real estate, and tax law.
Andy earned his Juris Doctor, with distinction, from the University of the Pacific, McGeorge School of Law, where he served as Chief Legislation Editor of the Pacific Law Review. He later received an LL.M. in Federal Taxation from New York University School of Law before beginning his legal career representing corporate clients in Silicon Valley during the height of the dot-com era.
Since relocating to Southern Nevada in 2000, Andy has represented developers, investors, and business owners in a wide range of commercial real estate and corporate transactions. His practice includes acquisitions, development, leasing, financing, business restructuring, and tax planning, providing strategic legal counsel throughout every stage of a project’s lifecycle.
Mr. Glendon is licensed to practice law in both California and Nevada.
Bobby Stoyanov is the Chief Financial Officer of Moonwater Capital, where he oversees the company’s financial strategy, investment analysis, and capital planning. Since joining the firm in 2017, he has played a key role in supporting Moonwater Capital’s continued growth, helping guide financial decision-making across acquisitions, developments, and portfolio management.
With more than 25 years of experience in real estate investment, development, and project management, Mr. Stoyanov has led projects throughout the United States and Europe. In 2008, he founded Low Heights Ventures, a commercial real estate investment company that manages approximately 200,000 square feet of commercial properties in Bulgaria while providing investment sourcing and due diligence services for institutional investors.
Prior to founding Low Heights Ventures, Bobby served as Executive Director of Prime Property BG REIT, one of Bulgaria’s largest publicly traded real estate investment trusts, where he managed high-profile development projects and helped attract international institutional investors. Earlier in his career, he managed more than two million square feet of real estate as Manager of the Space Management Office at Cornell University Medical College in New York City.
Bobby is a licensed commercial real estate agent in both Nevada and New York and holds an MBA in Finance and Accounting from New York University Stern School of Business.
Don Hagay is the Vice President at Moonwater Capital, where he leads the planning and execution of the company’s future industrial, office, and land developments. Since joining the firm in March 2022, he has worked closely on development strategy, acquisitions, tenant relationships, and the continued expansion of Moonwater Capital’s growing portfolio.
Don earned a degree in International Economics from San Diego State University. He furthered his studies abroad at the Chinese University of Hong Kong, where he focused on international economics and global markets.
Prior to joining Moonwater Capital, Don served as a Property and Asset Manager at SKR Real Estate Services, where he managed commercial real estate assets, tenant improvements, leasing activity, vendor relationships, and property financial reporting. He is a licensed Nevada Broker-Salesperson and Property Manager and has earned a Commercial Real Estate Analysis and Investment certificate from MIT, in addition to becoming a certified CPTED Crime Free Specialist.
Today, Don focuses on identifying new development opportunities and supporting the successful execution of Moonwater Capital’s projects while working closely with existing and prospective tenants throughout Southern Nevada.
Gal Hagay is the Chief Operating Officer of Moonwater Capital, where she oversees the company’s daily operations, marketing, business development, and the management of its growing real estate portfolio. Since joining Moonwater Capital in 2016, she has helped guide the company’s continued growth, taking on increasing leadership responsibilities before becoming Chief Operating Officer. She now supports every stage of the development process, from acquisitions and branding to project execution and operations.
Born in Israel and raised in Sofia, Bulgaria, Gal moved to Las Vegas with her family in 2003. She graduated from Babson College with a degree in business and was selected as one of only 20 students to participate in the school’s inaugural “Study Away” program in San Francisco, where she studied entrepreneurship, technology, and innovation.
Before joining Moonwater Capital in 2016, Gal gained experience in marketing, consulting, and business development. She worked on consulting projects for companies including Monster Energy and Ocean Spray, contributed to the growth of Israeli technology company Fring, and supported marketing and customer engagement efforts at real estate technology startup Theo. She also worked for Life is Beautiful, where she advanced from a marketing and operations intern to a full-time business development role focused on sponsorships and brand partnerships.
Today, Gal continues to oversee Moonwater Capital’s operations while helping drive the company’s marketing, partnerships, and development initiatives as it continues to grow throughout Southern Nevada.
Ofir Hagay is the Founder, President & CEO of Moonwater Capital, bringing more than 30 years of experience in real estate development, investment, executive management, and international business. As an entrepreneur, owner, operator, and developer, he has built a reputation for identifying opportunities to transform underutilized assets into high-performing real estate investments, with a strategic focus on the continued growth of Southern Nevada.
Over the past decade, Ofir has been a prominent force in the Las Vegas commercial real estate market, leading the acquisition, repositioning, development, and leasing of numerous office, mixed-use, and multifamily properties. Under his leadership, Moonwater Capital has expanded its portfolio while advancing new developments, including Halo Tower, a landmark Class A office project that reflects the company’s long-term vision for Southwest Las Vegas. He also co-founded Moonwater West, the firm’s industrial development platform focused on delivering high-quality logistics and distribution facilities throughout the region.
Before establishing Moonwater Capital, Ofir owned and managed commercial office properties in Bulgaria, successfully securing long-term leases with organizations including PricewaterhouseCoopers and the Embassy of the European Union. His international business experience also includes partnerships and consulting engagements with globally recognized organizations such as John Deere, USAID, Seaboard Corporation, Volvo Trucks, and Bosch.
Today, Ofir continues to lead Moonwater Capital’s investment and development strategy, overseeing acquisitions, partnerships, and projects that contribute to the evolving landscape of Southern Nevada.
The fund’s first acquisition consists of two adjacent office buildings located just off the I-215 at Brett Thurman Way and West Hacienda Ave at 8912 & 8918 Spanish Ridge Avenue Las Vegas, NV.
Located in the heart of the southwest professional corridor, both buildings offer a superb location situated within the Office Park at the Spanish Ridge.
8912 is a 71,024 SF three-story building built on 4.23 Acres. 8918 is a two-story building with a total of 41,383 SF built on 2.25 Acres.
8912 Spanish Ridge is a three story office building offering high end finishes including a spectacular foyer highlighted with imported natural limestone, custom cerused oak paneling, and a stainless steel floating cantilever stair affixed with glass accents which is the focal point of the main entrance. This contemporary style building boasts a state-of-the-art security system featuring 24 hour camera surveillance, as well as, key encrypted key card access.
The Properties (8912 & 8918) are located just off the I-215, a major interstate highway in Nevada, between Brent Thurman Way and Hacienda Ave. Both buildings are strategically located near the Summerlin master planned community. They are also within minutes from Elysian West (466 multifamily units), KB Homes (344 Homes), and the Tropicana Beltway Center with shadow anchors- Walmart and Lowes.