Irwin Molasky (born c. 1927) is an American real estate developer and philanthropist from Las Vegas, Nevada. He is the Chairman of The Molasky Group of Companies.
Irwin Molasky | |
---|---|
Born | c. 1927 (age 96–97) |
Nationality | American |
Education | Ohio State University University of California, Los Angeles |
Occupation(s) | Real estate developer, philanthropist |
Spouse(s) | Pepi (Bookbinder) Molasky (divorced) Susan (Frey) Molasky |
Children | Steven Molasky Andrew Molasky Alan Molasky Beth Molasky |
Early life
Irwin Molasky was born to a Jewish family[1] circa 1927. His father ran an Ohio newspaper distribution business and managed several apartments.[2] Molasky went to a military high school and attended college and worked during summers as a teenager.[2] He attended Ohio State University and transferred to the University of California, Los Angeles (UCLA), but did not graduate from either institution.[2] Instead, he worked his way up in construction.[2]
Real estate development
Molasky moved to Las Vegas, Nevada in 1951.[2] Soon after arriving he bought property and built an 18-room motel, The Pyramids.[3] With Moe Dalitz, Allard Roen and Merv Adelson, he founded Paradise Development, a real estate development company in the 1950s.[4] Together, they founded the Sunrise Hospital, the Boulevard Mall and the Las Vegas Country Club.[4] Later, they also developed the La Costa Resort and Spa in Carlsbad, California.[4]
Meanwhile, Molasky became the Chairman of The Molasky Group of Companies, a real estate development company.[5][6][7] He has built the first master-planned community, Paradise Palms and the first high-rise office building in Las Vegas, the 17-story Bank of American Plaza; and the Nathan Adelson Hospice.[2][5][6] Additionally, he helped find the right location for the McCarran International Airport and assisted with the land purchase for the Las Vegas Convention Center.[6] Moreover, he built the Internal Revenue Service Headquarters in Las Vegas, the Social Security Administration building in Las Vegas, the Casa Grande Re-entry Facility for the State of Nevada Department of Corrections, and the Clark County Detention Facility.[7][8] Molasky also purchased the Regency Towers high-rise condominium tower after it went into foreclosure in the 1970s.[9] Molasky and Steve Wynn later built the Park Towers high-rise condominiums, completed in 2001.[10]
Television production
With Merv Adelson and Lee Rich, he was a co-founder of Lorimar Productions, a conglomerate of television, broadcasting, and print companies.[6] He also served on its Board of Directors.[6]
Molasky admitted in an interview with The Hollywood Reporter that he used the company as a "tax shelter."[11]
Equestrianism
Molasky owns racehorses with trainer Bruce Headley.[2] One of his horses was Kona Gold.[2]
Philanthropy
Molasky was a key figure in the development of the University of Nevada, Las Vegas through a donation of 45 acres (18 ha) prime of land at Flamingo Road and Maryland Parkway.[5][6] He also served as the Founding Chairman of the UNLV Foundation, the fundraising arm of the university.[12]
Molasky serves on the Board of Directors of Project REAL, a non-profit organization which teaches "principles of democracy, law and the responsibilities of citizenship" to schoolchildren in Las Vegas.[13]
The Molasky Junior High School in Las Vegas in named in his honor.[14]
Personal life
Molasky was married to Pepi (Bookbinder) Molasky.[2] He then married Susan (Frey) Molasky.[2] He has three sons and a daughter, all of whom work at The Molasky Group of Companies:
References
- ^ Marschall, John P. (February 1, 2008). Jews in Nevada: A History. University of Nevada Press. p. 179. ISBN 9780874177374.
- ^ a b c d e f g h i j A.D. Hoplinkas, Irwin Molasky, Las Vegas Review-Journal, September 12, 1999
- ^ https://www.youtube.com/watch?v=A8fYcZ_KigY
- ^ a b c Ed Koch, Desert Inn, Stardust chief helped integrate Las Vegas Strip, Las Vegas Sun, September 1, 2008
- ^ a b c University of Nevada, Las Vegas: Lee Business School: Business Hall of Fame Inductee: Irwin Molasky
- ^ a b c d e f Nathan Adelson Hospice: Board of Trustees: Irwin Molasky
- ^ a b c d e f The Molaky Group of Companies
- ^ The Molasky Group of Companies: Portfolio
- ^ Macy, Robert (April 8, 1999). "Developers pitching pricey penthouses as Vegas enters the condo market". Las Vegas Sun. Retrieved March 16, 2017.
- ^ Leong, Grace (August 9, 2001). "Suit challenges lien against Park Towers". Las Vegas Sun. Retrieved March 16, 2017.
- ^ Lacey Rose, Andy Lewis, How Lorimar, the Company Behind 'Dallas' and 'Falcon Crest,' Bred Hollywood's Ruling Executive Class, The Hollywood Reporter, 01/09/2014
- ^ William . Rhoden, COLLEGE ATHLETICS; Built on Big-Time Basketball, U.N.L.V. Tries to Scrub Its Image, The New York Times, July 1, 1991
- ^ Project REAL: Board of Directors
- ^ Molasky Junior High School