In October, I attended my second National NAIOP CRE.Converge Conference in Los Angeles, CA. CRE.Converge is the largest conference hosted by NAIOP, the commercial real estate development association, bringing together 1,500 commercial real estate developers, owners, investors and other CRE professionals from across North America.  In my opinion, the national NAIOP conference allows you to see the vast reach of the NAIOP network and expand your own network. Each year, I meet new people from all over the country who are potential clients, colleagues or friends. The conference allows me the opportunity to strengthen relationships within the NAIOP Southern Nevada Chapter and many occasions to meet high-level industry leaders from other chapters as well.

This year was my first experience participating in one of the NAIOP arranged city tours and I highly recommend it. A small group of us from our chapter were able to tour several projects in Century City and the tour guides provided valuable insight on their market conditions. We learned that over the past 50 years, Century City has transformed into a vibrant city with culture, shopping and industries that make it a Los Angeles destination. Famous films such as “Die Hard” and “Planet of the Apes” have used Century City as their backdrop, and with many production companies headquartered there, movies and television programs continue to be filmed in this dynamic community. We were also able to explore the area’s Westfield Shopping Mall, transformed following a $1 billion makeover. Major renovations include new “experiential” features, amenitized and LEED-certified office buildings, solar parking features, and sustainability initiatives including a water recovery project and more. (Source: https://naiop.org/converge19#Day_2)

There were more than 20 different sessions to choose from at the conference. Overall, the conference covered everything from office, industrial, retail, multi-family to economics, new technologies to trends. There was something for everyone!

Here’s a sample of some of the keynote speakers and breakout sessions from the conference:

• Tech titan Steve Wozniak spoke about how wearable tech is revolutionizing CRE
• Marcus & Millichap President & CEO Hessam Nadji spoke with the Pew Research Center’s Richard Fry, Ph.D. about CRE trends
• Stratfor’s global analyst Reva Goujon spoke about the global economy
• Designing Office Space for Intergenerational Collaboration
• Multifamily Modular Development
• CRE and the Shifting Landscape in Goods Movement, moderated by our very own Rick Myers (President of Thomas & Mack Development Group)
• Data Centers 101
• The Latest Trends in Retail

I’m already looking forward to next year’s CRE.CONVERGE Conference on October 6-8, 2020 right here in Las Vegas! I strongly suggest that you consider attending and see what NAIOP has to offer.

Click here to check out the “NAIOP CRE CONVERGE 2019 Recap Video from NAIOP Corporate!

Click here to check the details for CRE.Converge 2020 in Las Vegas!

Cassie Catania-Hsu, President | Broker
Sun Commercial Real Estate, Inc.
Direct: 702-968-7324 | Email: cassie@suncommercialre.com

Matthew Hoyt of CommCap Advisors has been named a recipient of the National NAIOP 2019 Developing Leaders Award, honoring rising industry professionals throughout the nation. The selection was extremely competitive among the talented and successful Developing Leaders. NAIOP selected five young professionals nationally to receive this prestigious award and will honor the winners at the CRE.Converge 2019 in Los Angeles on October 15, 2019 during the keynote breakfast general session.

Hoyt has been an active member of NAIOP Southern Nevada since 2008 and board member since 2018. He has been involved on numerous committees over the years, including Chair of the Membership/Sponsorship and DLI, committee member on the Community Service and Government Affairs. Hoyt credits chairing the committees to helping his  leadership development.  Hoyt was named the NAIOP Southern Nevada Associate Member of the Year in 2018 and NAIOP Southern Nevada Developing Leader of the Year in 2016.

Established in 2006, the Developing Leaders Award has been given to rising industry professionals from across NAIOP’s chapter network in all sectors of commercial real estate. The annual award honors up-and-coming professionals under the age of 35 for their extraordinary professional accomplishments, strong leadership and community involvement. Finalists are selected by a diverse group of NAIOP board members and Hoyt represents the Southern Nevada chapter.

Cassie Catania-Hsu
President | Broker
Sun Commercial Real Estate, Inc.
702-968-7324 | cassie@suncommercialre.com | www.SunCommercialRE.com

Matthew Hoyt
Senior Vice President
CommCap Advisors
Office:  702.792.7558  | Cell: 702.349.9973 | mhoyt@commcapnv.com

NAIOP Southern Nevada’s community project “Getting Dirty for a Cause” is now complete. Last month, the “NAIOP Neighborhood” was dedicated by St. Jude’s Executive Director Christina Vela.

The year-long project was divided into two phases, with each phase involving a complete renovation of two 1,200-square-foot cottages, costing about $40,000 per phase. Renovations included completely remodeling each cottage, from new roofs to floors and new appliances.

NAIOP received sizable donations for the project with St. Jude’s Ranch for Children in renovating the four cottages at its Boulder City campus. Colliers International-Las Vegas’ charitable arm Links for Life donated $20,000 and Martin-Harris Construction donated $5,000. Donations were also received by NAIOP members and friends in 2018 and 2019.

NAIOP members AJB General Contractor, The Korte Company, McCarthy Building Companies and R&O Construction all volunteered to serve as construction superintendents for each cottage renovation. Among other duties, they helped volunteers learn new skills as well as work to maintain a safe work site for all volunteers, and there were many. These four companies made this project happen with their time, labor along with their subcontractors labor and materials.

St. Jude’s Ranch for Children is a registered 501(c)(3) nonprofit that has operated in Southern Nevada for more than 52 years, with a mission of rescuing abused, abandoned and neglected children and providing a safe and nurturing transitional home for them. St. Jude’s Ranch serves about 500 local children per year.

The cottages will be used for transitional housing for St. Jude clients who are aging out of foster care as well as St. Jude employees and snowbird volunteers.

“We are very grateful for the support of our community partners; they are critical to helping us carry out our mission in Southern Nevada,” said Christina Vela, St. Jude’s Ranch for Children’s executive director. “We are humbled by NAIOP’s commitment to help us provide hope and healing for the children and young people we serve.”

Click here for the Close Out Celebration Slide Show

Click here for the Chanel 3 Interview

Click here for photos!

Thinking about joining NAIOP?  Now is the time in October!

NAIOP is now offering 15 months of membership for the price of 12! Get the last three months of 2019 for free with a new 2020 NAIOP Membership!

What do our members value most about NAIOP? Here’s our Top Five reasons.

1. Members Only Events– Our Southern Nevada Chapter does 2 Members Only mixers per year. If you enjoy Oktoberfest, Bus Tour, Spotlight Awards, Bowling Tournament, Golf Tournament, or Developing Leaders mixers, you’ll love our member mixers. This past year we held a Members Only mixer at the Shelby museum and the other at the brand new Las Vegas Ballpark where we enjoyed the party deck and took in the game on opening week.
2. Education– NAIOP Southern Nevada provides some of the best CRE educational opportunities in our market. Open dialogue discussions between developers, brokers, attorneys, bankers, contractors, architects, and more dig into detail about what impacts CRE, our market, and your business. Our education events are free and for Members Only.
3. Sponsorships– Our sponsors make for fun, memorable and insightful events. Sponsors are acknowledged at events, afforded opportunities to speak at the monthly breakfast meetings, and are invited on special market tours. Past sponsor tours include various construction projects such as Raiders Stadium, Las Vegas Ballpark, T-Mobile Arena, City National Arena, and more. We love our sponsors, but to be one, you must first become a NAIOP member.
4. Committees– Attending monthly breakfast meetings is great but not enough to build strong industry relationships. When you join one of the many NAIOP committees, you’ll gain acumen while working side-by-side with fellow members. This is where you establish true work relationships and grow your business in the process. Many of our members, including our Board of Directors, make a conscious effort to do business with NAIOP members and supporters. In short, NAIOP works.
5. Government Affairs– Finally, one of the most impactful reasons that members love NAIOP is advocacy. NAIOP Southern Nevada takes an active role in educating government entities and forming professional relationships with elected officials at the local, county and state levels. Any legislation that impacts building, licensing, taxes, parking, you name it, NAIOP lobbies on your behalf with a strong and respected presence.

Take this opportunity to become a member during the month of October and receive 3 months free with our 15 for 12 promotion, and get involved! You’ll expand your reach, grow your business and realize unexpected benefits along the way.

Membership Committee Chair
Matthew Hoyt
CommCap Advisors
Office: 702.792.7558
mhoyt@commcapnv.com

Click here for the podcast.

We are back on site at the NAIOP Southern Nevada June Program. The title was So Much Going On How To Keep Track – a Submarket Update

Below is the link to the webpage for the episode. You can listen to the show directly from the website. Just hit the orange play button. You can also find the podcast on Apple Podcasts by searching for “Takeaways”.  Takeaways Podcast – E2:E27- NAIOP June Program: So Much Going On How To Keep Track

Shawn Danoski and I sat down to discuss our Takeaways from this program.

The moderator was Donny Perach – Vice President, Valtus Capital Group

The panelists included:

• Gina Gavan – Chief Innovation Officer Director, Economic & Business Development
  City of North Las Vegas
• Ken Chapa – Interim Director – Office of Economic Development & Tourism
  City of Henderson
• Bill Arent – Director – Economic & Urban Development
  City of Las Vegas

In 2008, Charles Prince was named by Fortune magazine as one of the economic leaders who didn’t see the financial crisis coming. He was CEO of Citigroup, which at the time, was a major provider of financing for leveraged buyouts. He infamously told The Financial Times, “as long as the music is playing, you’ve got to get up and dance.” What a great quote to use to open this program. It not only sets the tone of all the activity in Southern Nevada today, but strikes the chords of irony, reminding us how deeply this community suffered just a few years ago.

These days it appears that Southern Nevada is in full recovery. There is a pipeline of activity ranging from catalyst projects, new hotels, infrastructure renovations to master-planning new communities to be developed 7-10 years from now. This was a robust program where the panelists not only talked about how much is going on now, but what is next!

What were some of our Takeaways?

• What is driving all of the growth in each City?
• How did each panelist answer when asked to share a “heard-it-at-NAIOP-first” announcement?
• Where would each of the panelists invest $10 million in their respective Cities?