The Bureau of Reclamation (BOR) is projecting slightly improved conditions along the Colorado River, which will ease federally-declared water cuts for Southern Nevada next year. The BOR will move from a Tier 2 to a Tier 1 level water shortage beginning in January 2024.
Southern Nevada’s water supply will be reduced by 7 percent under the Tier 1 conditions. Under the current Tier 2 reductions for 2023, Nevada’s Colorado River water allocation was reduced by 8 percent.
While local water demands continue to be well below the shortage volumes, water conservation remains one of the most effective tools to protect the community’s water supply. The Southern Nevada Water Authority (SNWA) recently augmented two of its water conservation incentive programs to help the community save water.
The SNWA increased its incentives for Water Efficient Technologies (WET) projects to improve the efficiency of existing evaporative cooling systems. The incentive changes include removing the $500,000 annual cap for evaporative cooling system upgrades or replacements. The total WET incentive will continue to cover up to 50 percent of the total project cost.
To expand and diversify the community’s urban tree population and to help reduce the impacts of a warming climate, the SNWA added a cash incentive of $100 per new tree planted as part of a Water Smart Landscapes project.
The tree rebate is in addition to the $3 per square foot incentive for replacing grass with drip-irrigated landscapes. Residential, business, multifamily and HOA properties participating in the WSL rebate automatically will be considered for the tree incentive as part of the program enrollment (some restrictions apply).
For more information about the WSL and WET rebates, visit snwa.com.
For more information about how your business can be part of the conservation solution, visit snwa.com.
/wp-content/uploads/2026/06/CREDA-formerly-naiop-header-logo_157x80.png00NAIOP Southern Nevada/wp-content/uploads/2026/06/CREDA-formerly-naiop-header-logo_157x80.pngNAIOP Southern Nevada2023-10-11 16:48:372023-10-16 09:08:17Conservation continues to play important role in responding to shortage conditions
As the leaves begin to change colors and the air becomes crisp, we are excited to bring you our NAIOP Fall Newsletter filled with several exciting events and donation opportunities coming up this holiday season!
Throughout the month of October, our committee focused on gathering donations for the upcoming Helping Hands Food Drive. Helping Hands of Vegas Valley is a local non-profit whose mission is to improve the quality of life for senior citizens and their families. We’ve asked our members for new non-perishable, canned/dried goods, pastas, snacks, and paper items for donation. We collected a ton at our October Breakfast Program. If you missed donating, the Amazon Wish List is still live: SCAN HERE TO ORDER TODAY!
The committee is gathering onsite at the Helping Hands Warehouse to help assemble emergency packages for their home bound seniors who are in need this month.
The committee will also be partnering with Communities in Schools for the annual Thanksgiving Family Meal Collection and delivery. The committee will be collecting food and monetary donations that will be used to provide families their Thanksgiving meals and stock their pantries for weeks to come. This is a really fun event for committee members and their companies who decorate each of the boxes and fill to the brim with nonperishable food and then meet at the Walter V. Long Elementary school with nearly 40 meals donated. Together, we are making the difference in the lives of those in need.
We love celebrating the achievements and contributions of our members!
The committee recently wrapped up yet another successful Back to School Drive for Hollingsworth Elementary. Amazing job to our entire community on yet another successful drive. The group collected over 150 backpacks and numerous supplies as well as $1,077 in monetary donations that will support the students of Hollingsworth Elementary for the 2023-2024 school year.
We would also like to thank everyone who participated in the Communities in Schools Scholarship Application Fundraiser and Knots Tied Down Donations, which aided in collecting donations for scholarship applications as well as gently used professional attire. Together, we were able to raise over $2,100 in donations for Communities in Schools that will assist graduating high school students offset the cost of college application fees, as well as heaps of gently used business attire for these students. In addition, the group collected 650 pieces of professional clothing for Knot Tied Down Donations. Your generous donations will aid students and teachers this school year and beyond!
Thank you for being a part of our community. We appreciate your continued support and look forward to sharing more exciting news and volunteer opportunities with you in the coming months.
Contact any committee member for more information about past or upcoming events and how you can take part in the committee.
On July 10, 2023, the President and CEO of the LVGEA delivered an insightful presentation to our class. She discussed various aspects of local economic development, market growth, business incentives, challenges, and prevailing trends that impact the commercial real estate sector. Her presentation also delved into Las Vegas’s new Entrepreneurial Development Strategy and the qualities that make a company a suitable fit for pursuing opportunities in Las Vegas. We deeply appreciated the expertise and valuable insights shared by this thoughtful leader.
Thank you to Affordable Concepts for sponsoring this informative session.
DLI Class #11 – The Art of Public Speaking
Our most recent DLI class, held on August 14, 2023, focused on the art of public speaking. Art Greene from GES led the session, discussing the key attributes that contribute to exceptional public speaking. Every participant took on the challenge of delivering speeches on a variety of topics before their peers. This task is not always easy, but the class rose to the occasion and demonstrated impressive performance.
We extend our thanks to GES for their time and for sponsoring this invaluable class.
Group Presentations
On September 11, 2023, each of the four groups had the opportunity to present their pitches to “The Dudes.” Each group was allotted 15 minutes for their pitch, followed by a 15-minute Q&A session. “The Dudes” took their roles as judges seriously, posing challenging questions to ensure that each group had conducted thorough Due Diligence on their projects. It was evident that significant time and effort had been invested in these presentations, and the feedback from the judges was highly positive. However, as there can only be one winner, we enthusiastically congratulate the victorious team: 5 Guys Development Co., comprising Morgan Elson, Cooper Powell, Chris Molina, Mark Philippi, and Wade Lucas. Their winning project featured an impressive 238,400 square feet of industrial space on a 13.27-acre site situated at the SEC of Bruner Avenue and Bermuda Road.
Congratulations to the Developing Leaders Institute Class of 2023! Your diligent efforts have truly paid off, and you’ve achieved this milestone. Well done!
DLI Class Vice President
Megan McInerney
Associate Vice President
Colliers International
Direct 702 836 3700 Megan.McInerney@colliers.com
The August NAIOP Members-Only Education Program, Legislative Pool Party – Deep Dive into the 2023 Legislative Session, was held on August 25th and sponsored by Argentum Partners. Hosted by Kerry Kramer and John Leleu the program provided an overview of the 83rd session of the Nevada Legislation that commenced in February. While there was optimism that there would be bi-partisan agreements during the session, it was glaringly apparent from the get-go that any hope of balance and communication would quickly be dashed by national political talking points, partisan politicking, in-fighting amongst the parties and between the houses, and huge last-minute policy issues that ultimately derailed the 2023 Session straight into 2 Special Sessions, and the prospect of a third later in the year. In total, of the 1,044 bills voted on in the session, 610 (58%) were passed by legislature, 535 were signed (88%) and 75 (12%) were vetoed.
Some of the signed legislation that would have an effect on the Commercial Real Estate market included:
AB 210 – Electronic documentation requirements for prevailing wage payments.
AB 50 – Enhanced penalties for organized retail crime.
SB 30 – Protection of public safety regarding the sale of Healthcare related data without consent.
SB 281 – Increased transparency for rate changes from natural gas utility companies.
AB 448 – Removed exemptions that allows a company with the same ownership to purchase or transfer a property for the purpose of avoiding the payment of the Real Property Transfer Tax.
Overall, the program was very informative and provided NAIOP members in attendance a behind the scenes look into the Nevada Legislative process. The 2023 Post Legislation Session review ishere.
The Members-Only Education programs are planned by the Education Committee who meet monthly to plan several exclusive Member’s Only workshop each year. The goal is to keep our members up-to-date and in the know of current happenings in commercial real estate in Southern Nevada. This committee focuses on unique content which is aimed to evoke in depth conversation within our workshops and provide one of NAIOPs best networking opportunities. If you would like more information about the Education Committee or on upcoming education programs contact Jennifer Turchin at Jennifer@codagroupinc.com or 702-795-2285.
Checked out our upcoming Friday, December 1st Members Only Workshop here. AI in CRE: Leveraging Technology. Join us to hear our panel delve into the world of Artificial Intelligence and Machine Learning. In this workshop, we’ll explore how companies incorporate AI into their daily workflows and discus the future direction of the industry.
Name: Melissa Eure Title: President Company: G.C Garcia, Inc. # years in the industry: 8
Where are you originally from and how long have you lived in Las Vegas: I’m originally from Kansas City, KS and have been living in Las Vegas for 32 years.
What has NAIOP provided you that has helped you grow professionally or personally? Access to others in the same or related industries. If I need a contractor, an engineer, a realtor I can find one at a NAIOP event. The breakfast and the learning events also help me get a better understanding of current events affecting our field.
What has been your favorite experience or story that happened at NAIOP event? At one of the golf tournaments, we sponsored the ‘hole in one’ contest and to make the shot more difficult, they added a toilet seat. It made it rather memorable and fun.
Who have you met at a NAIOP event that has influenced you or that you have become close friends with? Carol Browning with DC Building Group. She is an amazing person. She was very open and friendly with someone she had never met and helped introduce me to others. She serves on at least one committee with every organization she is a part of, in addition to her regular job. I have no idea where she gets the time or energy. Most of all, we share a love for animals and dogs. I serve on the board of the Heaven Can Wait Animal Society and she, along with everyone at DC Building, have been happy to support me and the organization.
What do you want your legacy to be in the Southern Nevada community? To expand the company my father started, to be remembered well, and to have used my position not only to help create a healthy community through the work we do with developers and the local municipalities but by giving back to our community in ways I and my employees find meaningful.
As 2023 draws gradually to a close, and I prepare to pass the gavel to President-elect Cassie Catania-Hsu, I would like to run down two very successful NAIOP Southern Nevada events that recently happened:
Nevada Gov. Joseph Lombardo speaks at NAIOP Southern Nevada September Breakfast:
“The room was buzzing with excitement as over 300 members and guests gathered in September, eagerly awaiting the governor’s presentation. I’d like to give a special shout-out to Programs Committee Chairman Dan Tuntland and the rest of the programs committee for organizing such a timely and relevant program. Dan did a great job moderating the Q&A.
Gov. Lombardo’s ongoing efforts to diversify the state’s economy and transform Las Vegas into a professional sports community made this event even more significant and relevant to the breakfast’s audience.
It was a great honor for our chapter to have Gov. Lombardo speak at this important commercial real estate event.
2023 Developing Leaders Institute graduation:
Now, let us turn our attention to NAIOP’s remarkable Developing Leaders Institute (DLI) program, which has been empowering emerging professionals within our organization since 2007. The program’s focus is to help prepare its class members for successful careers in the commercial real estate industry. The curriculum includes educational sessions across a broad range of real estate disciplines, leadership training seminars, a public speaking course, networking opportunities meant to grow a peer group of the industry’s future stars, and access to and training by key decision-makers in Southern Nevada’s commercial real estate community.
The 2023 DLI program graduates include:
Micah Durham, Nevada General Construction
Morgan Elson, Colliers International
Kimberly Galbe, EV&A Architects
Carina Gaytan, EV&A Architects
Jaylen Hawkins, Schnitzer Properties
Kelsey Higgins, CBRE
Michael Kalish, Reisman Sorokac
Jade Kopittke, Prologis
Diana Kouglas, Kimley-Horn
Matt Logo, Grand Canyon Development Partners
Matt Lott, Commercial Roofers, Inc.
Wade Lucas, Martin-Harris Construction
Alexandria Malone, Taylor International
Megan McInerney, Colliers International
Chris Molina, McDonald Carano
Areeba Moten, Colliers International
Marc Philippi, Prospect Street Capital
Cooper Powell, Logic Commercial Real Estate
Luke Ramous, MDL Group
Philip Short, First Savings Bank
Landon Tenwolde, Logic Commercial Real Estate
Lauren Willmore, CBRE
Part of the curriculum includes a “class project” where participants engage in a comprehensive project, from site selection to project disposition, providing hands-on experience in project management, collaboration, and problem-solving.
This year’s “class project” winner is the “5 Guy Dev Co,” which presented an industrial development named Bermuda Commerce Center. Members included Morgan Elson, Wade Lucas, Chris Molina, Marc Philppi and Cooper Powell.
The Bermuda Commerce Center is a promising 238,400-square-foot speculative project located in West Henderson. Its prime location on a 13-acre plot and its two buildings designed for up to six tenants make it an attractive option for businesses in need of available space under 150k sf. The submarket currently faces a 0% vacancy rate and limited development pipeline, giving the project a strategic advantage. With a total development cost of $48.7 million, the project is expected to generate a 7.55% return on investment and deliver LP investors an impressive 21.7% internal rate of return (IRR) and a 1.73 multiple on invested capital (MOIC) over a 36-month investment duration.
Lastly, I’d like to take this opportunity to thank the “Development Dudes” judges (Scott Goldstein, Kari Laurent, Rod Martin and Mike Shohet) who took time out of their busy schedules to gauge the winning project.
Thank you for your continued support of our award-winning chapter as we foster the growth of emerging leaders, strengthen board engagement, and shape the future of commercial real estate throughout the valley.
NAIOP Southern Nevada President
Reed Gottesman, President
SVP, Regional Manager Schnitzer Properties reedg@schnitzerproperties.com
Name: Art Greene Title: Client Relations Manager Company: Geotechnical & Environmental Services # years in the industry: 1 1/2
Where are you originally from and how long have you lived in Las Vegas: I grew up in the small town of Mount Shasta on the California/Oregon border. I moved to Las Vegas in 1985 to attend UNLV. Go Rebels!
What has NAIOP provided you that has helped you grow professionally or personally?
NAIOP helped create an almost instant network of industry friends. I’ve been able to build real relationships with people from all aspects of the commercial real estate industry. The network has helped to fast-track my learning process and open doors to opportunities.
What has been your favorite experience or story that happened at NAIOP event?
My new member coffee has been my favorite event. I was able to meet a lot of people and learn not just what they do, but who they are. Our group is diverse and part of the fun is learning what people do when they are away from the industry.
Who have you met at a NAIOP event that has influenced you or that you have become close friends with?
I have only been a member for a year and I already have a long list of people that have influenced me and I have become friends with. We’ve gone to lunch and cheered on our home teams at the Allegiant and T Mobile arenas.
What do you want your legacy to be in the Southern Nevada community?
People always want to do business with other people they know, like and trust. Maybe that’s why I like NAIOP so much. I’d like to be known as the guy who built relationships and connections professionally and personally.
Name: Ellie Solomon Title: Solutions Consultant Company: Network Security Associates # years in the industry: 5 1/2
Where are you originally from and how long have you lived in Las Vegas: 16 years ago, I left Turkmenistan for Las Vegas in search of new opportunities. Las Vegas quickly became my second home, filled with unforgettable experiences, personal growth, and joy. I feel proud of all that I’ve accomplished and am excited for what the future holds.
What has NAIOP provided you that has helped you grow professionally or personally?
I have greatly expanded my knowledge of the latest developments in the CRE Southern Nevada through participating in workshops and webinars, as well as taking in the insights of captivating guest speakers and panelists at the informative monthly networking breakfasts.
What has been your favorite experience or story that happened at NAIOP event?
I attended a Catholic Workers event where the goal was to feed the homeless and provide them with care packages. The grateful expressions on the recipients’ faces and the sense of community at the event left me grateful for my own warm home and family, and inspired to continue helping those in need. And it reminded me of the importance of coming together as a community to support those who are less fortunate.
Who have you met at a NAIOP event that has influenced you or that you have become close friends with?
There have been so many people who have influenced me along the way, both those who I’ve become close friends with and those who may not even know the impact they’ve had on me. But I really want to take a moment to acknowledge the Chapter Leadership. There are a lot of organizations in the Valley, but I have to say that NAIOP is my absolute favorite. It’s run so well, and the connections you make and the education and growth opportunities you get as a member are top-notch. I’m a new member and I already feel like it’s going to pay off in the profits I make.
What do you want your legacy to be in the Southern Nevada community?
My legacy is that of a trusted technology advisor who transformed local businesses with innovative IT solutions. I was the go-to expert for construction firms, engineering firms, and architects, guiding them through the technology landscape. My commitment to streamlining systems, enhancing security, and improving efficiency left a lasting impact and will be remembered as a shining example of expertise and dedication.
NAIOP, the Commercial Real Estate Development Association, has announced Jaydin Moore as a recipient of its annual Diversity Student Scholarship. The scholarship program supports students who are pursuing a degree in commercial real estate and is a key component of the association’s pledge to advance diversity in the industry.
“NAIOP is committed to supporting the next generation of commercial real estate leaders and increasing diversity in the industry,” said Marc Selvitelli, CAE, NAIOP president and CEO. “This scholarship program provides not only a financial award but also opportunities for education and networking at our annual fall conference – valuable resources for this emerging talent.”
NAIOP is awarding four $5,000 graduate student scholarships and two $2,500 undergraduate student scholarships to individuals from demographics that are traditionally underrepresented in commercial real estate and whose universities are part of the NAIOP University Membership program.
In addition to the scholarship, each scholarship recipient will have the opportunity to make new professional connections and sharpen his or her commercial real estate acumen with complimentary registration to attend NAIOP’s CRE.Converge 2023, Oct. 18-20, in Seattle.
Moore is an undergraduate student pursuing a degree in real estate and urban economics at the University of Nevada, Las Vegas, and a member of NAIOP Southern Nevada. He serves as president of the university’s Real Estate and Business Society; the group helps students bridge the gap between classroom learning and the professional world. Moore also works with real estate broker Dana Berggren in Las Vegas as an associate of sales and leasing.
To learn more about NAIOP’s strategic initiatives to advance diversity, visit naiop.org/diversity.
Moore is an undergraduate student pursuing a degree in real estate and urban economics at UNLV and is a member of NAIOP Southern Nevada. He serves as president of the university’s Real Estate and Business Society, a group that helps students bridge the gap between classroom learning and the professional world. He also works with local commercial real estate broker Dana Berggren as a sales and leasing associate.
NAIOP’s Diversity Student Scholarship awards two $2,500 undergraduate student scholarships and four $5,000 graduate student scholarships to students representing demographics that are traditionally underrepresented in commercial real estate and whose universities are part of the NAIOP University Membership program.
