I was unsure what to expect this year at ICSC RECON. With the mounting number of retail closures and downsizings, it could have been pretty bleak or sheer panic. As it turned out – it looked like business as usual. The national guys were there as well as locals and mom and pops businesses. The seminars were overcrowded and the line at Starbucks was about a 20 minute wait. I was on the floor for about three minutes when I encountered a developer client and his posse from NYC who was running back and forth between appointments with new deals.

While the crowd was the same, the subject matter was a little different. I got caught up in a number of programs and sessions focused on integrating health and wellness into retail projects and conversely, retail components into health, wellness and medical projects. Healthcare’s delivery approach is perceived today more as a retail experience for consumers and is seeking to provide services in proximity to other consumer needs. There were also a couple of sessions on the impact of cannabis in the retail marketplace – which is not new to the Las Vegas Market.

Some of the other noteworthy and critical topics included:

1. Get prepared for change. Owners need to think critically about the tenant mix and appropriately sized tenants. There needs to be a variety of goods and services offered that will keep customers coming back and staying longer on site. Walkable, mixed-use developments with office, medical or hospitality anchors provide a steady potential customer base. Combine uses on existing sites: live-work-play, medical-wellness, office-entertainment, etc.
2. Think outside the box. Experiential retail was the buzzword for excitement in centers and as a driver for new customers. These tenants could be entertainment based, hospitality based, food based or could be a product that cannot be experienced on-line. Retailers and physical spaces need to be fresh and unique to attract and maintain customers. There were examples of stores changing their entire look every quarter to promote a new and exciting atmosphere and keep enticing customers back into the store. The tenants for Area 15 had a “hands-on” booth to experience their concept.
3. Refresh. Re-size. Many nationals are rolling out smaller footprints for anchor stores. Powerful providers are working in smaller (more strategic) space – but they must effectively leverage the space to optimize the experience. Target has an urban plan of 30-45,000 SF on multiple levels. Large, big box users that are down-sizing are being replaced with store-within-a-store concepts and (smaller) specialty grocers are becoming popular anchors. Consumers want amenities like shop on-line and pick-up at store with an onsite “click/collect” pick-up zone.
4. Consumer data can be a friend. Data collection and analysis is becoming more critical to fulfill the needs of the consumer and to appropriately respond to trends and the consumers’ desires. It’s an evolving market driven by change in consumers’ needs, wants and attitudes. “One week you’re in – the next week you’re out.”
5. International flavor. There is interest from international companies to expand into US markets. This niche isn’t reserved for high-end consumers – think Aldi or other specialty food providers that international consumers are acquainted with and drive strong brand loyalty. On the apparel front, Uniqlo and Superdry are coming into the US market from opposite sides of the globe (and have multiple stores locally).

Overall, I got the same vibe of excitement crowd crush as previous years, saw deals being finalized all around me, heard deals being discussed and there wasn’t an empty seat in the CBRE mega booth.

Communications Committee Chair

Curt John Carlson, AIA, NCARB, ASID, LEED AP is a principal at SH ARCHITECTURE, a 22-year resident of Las Vegas and a dog rescuer.

Follow him at www.facebook.com/curt.j.carlson, www.curtjcarlson.com, www.instagram.com/curtjohncarlson/ or contact him at ccarlson@sh-architecture.com

 

 

 

 

 

 

The 27th Annual NAIOP Golf Tournament was held on May 17, 2019 at Spanish Trail Country Club! With more than 250 NAIOP members and their guests in attendance, everyone enjoyed a fabulous day of golf, refreshments, food and sponsorship tee entertainment. As always, we had an ample supply and variety of music, games and drinks – including frozen margaritas (my fav – thanks Marco). We got off to a great start with an awesome breakfast to-go, a Bloody Mary bar and perfect morning weather. The afternoon threat of rain and gusty winds were less cooperative but the golfers, volunteers and tents prevailed. Our second-to-none Putting Contest put our golfer’s skills to the test after which we all headed to the clubhouse for our Awards Banquet and lunch.

The proceeds of the golf tournament help to fund NAIOP’s government affairs educate, lobby and advocate at the local and state level for the commercial real estate industry in Southern Nevada.

Check out our winners

1st Gross – 48 Randy Broadhead, Darren Lemmon, Lloyd Manning & Brad Peterson
2nd Gross – 50 Dustin Manning, Tim McCoy, Lance Olson & Wayne Salom
1st Net – 53 Jeffery Gallagher, Bob May, Matt Ryba & Mark Wilmer
2nd Net – 57 Chris Foley, Kenny Gibson, Jade Rosenberg & David Thissle
Long Drive – CJ Murley, Brian Parker, Christina Roush, Paul Whitt & Pat Vester
Closest to the Pin – Dustin Manning, Matt Ryba & Jim Slack
Putting Contest – Goeffrey Lyons

We couldn’t do it with out you!
Thank you to our Volunteers:
Everlee Anies, Harsch Investment Properties
Ben Bojda, Dominion Environmental Consultants NV, Inc.
Christy Bojda, GRN Vision
Scott Carter KGA, Architecture
Cassie Catania-Hsu, Sun Commercial Real Estate
Anna Delamora, Remington Builders LLC
Robbie Espinosa, R&O Construction
Michael Eure, G.C. Garcia Inc.
Samantha Flaherty, Fidelity National Title Group-NCS
Jen Fulton, Vision Sign, Inc.
Kari Golden, Meadows Bank
Ashley Gould, 2182S Consulting Group, Inc.
Lori Guidi Remington Builders LLC
Paul Haber, XIT Solutions
Terry Hicks,  Cox Business
Adam Horowitz, Lever Capital Partners
Robert Kraus, One Nevada Credit Union
Jakob Krupka, Martin-Harris Construction
Suzette LaGrange, Colliers International
Elizabeth Lopez, City of Las Vegas
Nora Murphy, Newmark Frank Knight
Keith Nelms, Kimley-Horn and Associates
Alicia Nelson, NextGen
Heather Neslund, Old Republic Title
Shae Sandoval, Taney Engineering
Anna Saravia, Harsch Investment Properties
Wendi Schweigart, NDL Group – General Contractor
Christina Stanfill, WORTHGROUP Architects and Designers
Sandy Thompson, One Nevada Credit Union
Mike Majewski, Spatial Economic Concepts
Taylor Vasquez, Sun Commercial Real Estate
Tonya Wagle, Bank of Nevada
Dori Walker, Newmark Knight Frank
Mike Zufelt, One Nevada Credit Union

Thank you to our Committee Members:
Committee Chair: Brett Bottenberg, McGinley & Associates
Committee Vice Chair: Michael DiFabbio
Board Liaison: Mike Mixer, SIOR, Colliers International
Dave Bauman, MDL Group
Stacy Blattner, Community Vision, Inc.
Gary Congdon, Lee & Sakahara Architects
Guy Gugino, Wells Fargo Bank
Paul Haber, XIT Solutions
Christopher Hunter, TMC Financing
David Logsdon, Actus
Michael Lowe, Western Elite
Terry O’Connor, Nevada General Construction
Eric Reich, R & O Construction
Eric Rhee, Wells Fargo Bank
Shae Sandoval, Taney Engineering
Bob Stewart, Old Republic Title
Sandy Thompson, One Nevada Credit Union
Cody Walker, City of Henderson

And as always, thank you Katrina and Johna for all that you do!  Once again, thank you to all our fabulous event Sponsors, the awesome Golf Committee and the outstanding Volunteers who made the event a huge success. Congratulations to our winners and we look forward to next year!

Thank you also to everyone who participated in our photo opportunities, you know you want to look! Click here  to check out the photos from the event.

Golf Committee Member & Volunteer Coordinator
Stacy Blattner, General Manager/Broker
Community Vision, Inc.
P: 702.430.8109 | D: 702.410.7802 | stacy.blattner@communityvision.com | www.communityvision.com

Name: Jessica Hammond
Title: Administrator
Company: Showcase HVAC Mechanical
Years in the Industry: 11

Where are you originally from and how long have you lived in Las Vegas? I was raised in the small town of Laughlin, Nevada which is about 2 hours south of Las Vegas. I moved to Las Vegas after high school graduation in June of 2002.

What has NAIOP provided you that has helped you grow professionally or personally? NAIOP has so many people who started with nothing and built their businesses from the ground up. That takes true commitment and staying on the right track to complete your goals. I admire the stories, the panel sessions and the conversations that involve successful business people sharing their experiences. This has allowed the next generation, including myself, to have a solid foundation to the continuous growth of Southern Nevada. All in all, NAIOP, has been influential in the concept I can do anything I set my mind to.

What has been your favorite experience or story that happened at a NAIOP event? My favorite experience was during the 2018 Oktoberfest. Competition in front of a large crowd has always been a personal fear of mine. I disregarded my fear, and competed in the stein holding contest. It was so much fun to watch everyone’s expressions in the crowd. After I thought my right arm was going to fall off, I ended up winning 2nd place. Later in the evening, winning the costume competition made up for it though.

Who have you met at a NAIOP event that has influenced you or that you have become close friends with? Natalie Allred is an influential woman in the commercial real estate industry. She has opened her gates of kindness to my personal career growth. I admire her strength, as we are both single mothers. I respect her dedication to Diabetes research after learning her son was diagnosed. I am most thankful for her constant encouragement.

What do you want your legacy to be in the Southern Nevada community? Giving is living. If we stop giving we stop living. I want to be remembered for always being willing to help the person next to me be their best self. I want to be a positive thought for someone when they feel like giving up.

Click here if you’d like to submit a member highlight and return the completed questions and headshot to newsletter@credasnv.org.

 

 

Title: LV Perspective

Location: South Point Hotel Casino 9777 S Las Vegas Blvd, Las Vegas, NV 89183

When: May 14, 2019

Cost: $115.00 per ticket

Time: 7:30 – 10:30 AM

Description: Now in its 39th year, Perspective is the region’s premier source for community and economic development information, analysis, and forecasting. It has become a valuable resource for a diverse group of companies, ranging from small business entrepreneurs to some of the largest in Nevada, as it not only provides a comprehensive overview of the market as it stands today, but also an economic forecast component to give expert opinion about where the market is headed. Perspective would not be possible without the financial and in-kind contributions of generous community organizations and businesses. The sponsor companies comprising the LVGEA’s Perspective Council put this valuable content in your hands and guide the research and thoughtful analysis.

Event website: https://events.lvgea.org/vegasperspective/

Without governor support, so much would go undone.

NAIOP Southern Nevada would like to congratulate our board member, Jody Walker Belsick, on becoming a NAIOP Governor. This is a prestigious honor among the National NAIOP network. The NAIOP Research Foundation relies heavily on the support of the Governors to shape the industry insights and direct the work of the foundation to identify what the research priorities should be.

Jody W. Belsick, P.E., LEED AP is Practice Builder with Kimley-Horn and Associates and is based in the Las Vegas, Nevada office and has been a NAIOP member for over 10 years. Kimley-Horn is a civil engineering consulting firm with over 80 offices nationwide.  Jody is a registered Professional Engineer in the States of Nevada, Colorado, California and Texas and also is a certified LEED Accredited Professional. Jody obtained her B.S. in Civil Engineering (1997) and Masters in Business Administration (2010) at UNLV and was the President / Owner of Walker Engineering in Las Vegas from 2003 to 2016 before her firm joined Kimley-Horn to expand her practice.  She has over 22 years of hands-on experience in civil engineering specifically land development. Her focus is on sports projects, industrial, retail and office developments in the western United States.

“NAIOP has been a pivotal organization for me in my career not only with keeping up with local and national development issues and trends but to make lifelong relationships.  I chose to become a Governor because I want to support the great things that NAIOP does for our industry.”

Individuals who demonstrate a dedication to the future of the commercial real estate industry and the work of the Research Foundation are invited to accept the lifetime distinction of becoming a governor. Governors support the Foundation’s program of work through their financial contributions, by giving of their time, and sharing their expertise.

Governors have the opportunity to help shape the Foundation’s research agenda by serving on committees and giving direction on the research projects undertaken. Most of all, governors take pride in knowing that their contributions are building the capacity of the Foundation to develop and disseminate best industry practices that advance the profession and make our communities better places to live and work.

Governors enjoy exclusive networking with fellow industry leaders, complimentary research reports and invitations to special events. Additionally, governors are often interviewed and featured in NAIOP publications, such as Development magazine and the biannual Foundation newsletter.

Donors who pledge a contribution of $25,000, or more, payable over 5 years, will become a governor of the Foundation – a lifelong distinction.

For a full list of the National NAIOP Governors, click here to visit the Research Foundation website.

Submitted by:

Cassie Catania-Hsu
President | Broker
Sun Commercial Real Estate, Inc.
cassie@suncommercialre.com