Making the most of your NAIOP Membership

As a non profit professional organization, NAIOP Southern Nevada understands how valuable volunteering is to you as well as the organization.

We know, people like to do business with other people they know, like and trust.  This might not be true when you order a new $5 coffee mug on Amazon, but it’s particularly true when millions of dollars are being invested in a project.  So, while you might get lucky occasionally and land a deal at a breakfast meeting, it’s more likely that you will need to invest more time and energy into these relationships before they begin bearing fruit.

Getting involved in NAIOP provides several opportunities to develop those relationships.  There are nearly a dozen committees and events to volunteer for with a wide variety of time needed to be an active member.  These committees can be as small as six or seven, or much larger like the Spotlight committee. The smaller committee groups provide a dramatically easier setting to get to know somebody compared to the huge room full of people at the monthly breakfasts.  It’s quite possible you will not get the opportunity to talk to the same person at two consecutive breakfasts, but it’s almost certain you will strike up a conversation with the same people at a committee meeting.

And there is a committee for every taste.  If community service is your calling, you can join the committee bearing that very name.  Maybe you’re a golf fanatic.  There is a committee for that. Or perhaps you want to meet as many people as possible while still building relationships with committed NAIOP members.  If so, the membership committee may be the place for you.

Whatever drives you, NAIOP provides the right vehicle to get you involved and pull the very most return on your investment in membership.

For a full list of committees, visit the NAIOP website, to find the committee that suits you best.

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President’s Message – April 2023

I’m immensely excited to serve as NAIOP Southern Nevada’s president working closely with our tremendously talented 2023 Board of Directors.

Over the past several years, our chapter has demonstrated resilience by adapting to the changing needs of our membership and adjusting to the ever-evolving commercial real estate landscape that surrounds us. Delivering value to our dedicated members and sponsor organizations is what drives us.

We are focused on implementing several initiatives this year, ranging from the launch of a new program, to enhancing our government affairs program to further fortifying the financial strength of our organization. We are making significant progress across these various initiatives, building a strong foundation for success in the coming year.

My predecessor Hayim Mizrachi did a tremendous job working with Executive Director Katrina Bruce to create the “Developing Organizational Leadership Institute” (DOLI) program. This program was designed to educate and cultivate participants while simultaneously fostering opportunities for members to expand their connections and professional networks. Our job this year was to launch the program and make sure that we had the highest caliber people participate in the program. This goal has been achieved. Our alpha class consists of a strong group of 15 professional participants, and with the first two classes already completed, we are bullish that this program will have a strong positive impact on our organization for years to come.

Government Affairs is a cornerstone of what makes NAIOP the organization that it is and serves as the watchdog for our industry. The timely acquisition of a capable GA support staff member remains paramount, as their involvement is crucial for our continued success in expanding our organization’s impact in the coming years. We have a search firm vetting candidates and finalizing the selection process to ensure we secure the best person for the Government Affairs (GA) support role with a target start date of June 1, 2023, or earlier.

From a dollars and cents standpoint, the board is being prudent with the chapter’s financial strategy which involves smart investments in our reserves. We’ve diversified our investments in CDs with varying terms, generating an impressive return of around 5.25%. Plus, since our funds are FDIC insured, our reserves remain secure. This additional income stream will enable us to accomplish several of our key goals.

We will continue to create opportunities to bring together the commercial  real estate industry – from our most senior leaders to students that are looking to join the industry and everyone in between – to learn from each other, to celebrate each other, to provide mentorship and advocacy.

Here’s to much success in 2023!

Reed Gottesman
SVP, Regional Manager
Schnitzer Properties
reedg@schnitzerproperties.com

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Community Service Committee Update – March 2023

Thank you to the NAIOP Community Service Committee and the entire NAIOP membership for kicking off 2023’s charitable endeavors with enthusiasm!

On Saturday, February 4th committee members participated in Ronald McDonald House Charities annual “Fill the Pantry Food Drive” by collecting donations from various Smith’s locations around town and helping sort/fill the pantry at the Ronald McDonald home. These donations help RMHC meet their basic yearly needs to be able to provide food to the family’s traveling to Las Vegas for their children’s medical treatments.  These contributions are making a significant impact on the lives of many families, and we are thankful for everyone’s generosity!

The committee is gearing up for the annual Make-A-Wish of Southern Nevada Walk for Wishes 5K event, and we need your help in reaching our fundraising goal! This year, the committee set a goal to raise $20,000 which would allow us to grant either 2 small or 1 large wish for a child in need. Every dollar donated to Make-A-Wish goes directly to granting wishes and we believe every child deserves the opportunity to experience this joy and hope! Click to donate and or sign up for the walk on March 25, 2023, and help us make a positive difference together!

For the month of May, the community service committee will be partnering with Street Teens, a local non-profit organization dedicated to assisting homeless youth. Be on the lookout in your emails for more information on this donation drive.

We understand that times are challenging for many of us, but we encourage you to consider making donations to these worthy causes, no matter the amount. Together, we can make a profound difference on those struggling during this difficult time.

Check out our recent events here.

Megan McInerney
Associate Vice President | Las Vegas – Office Division
Colliers International
(702) 836-3700 | megan.mcinerney@colliers.com

Lauren Willmore
Associate
CBRE | Industrial & Logistics
(702) 369-4825 | lauren.willmore@cbre.com

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Notification of Changes to NV Energy Design Initiation Agreement (DIA) Advances – Starting Jan 1, 2023

December 13, 2022 – INDUSTRY NOTICE

RE: Adjustment of Design Initiation Advance Fees

Effective January 1, 2023, NV Energy will adjust the design initiation advance fees for formal projects in southern Nevada. These fees cover the costs of work performed by NV Energy up to the point of execution of the line extension agreement, and will be applied to the customer’s total project cost. If a project is canceled prior to the execution of a line extension agreement, the unused balance will be refunded.

Click here for the revised fixed advance fees by project.

Should you have any questions about design initiation advance fees for your project, please contact us at (702) 402-8400.

Sincerely,

Eric Gernhart
Manager, Rule 9 Contract and Joint Use Telecommunications

 

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2023 Board of Directors

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Southern Nevada Saves Billions of Gallons of Water in 2022

A renewed commitment to conservation helped Southern Nevadans reduce community-wide water consumption by more than 7 percent in 2022, saving 5.8 billion gallons in one year.

Over the past 20 years, the community has implemented a wide range of comprehensive water conservation initiatives to change how it uses water. These conservation efforts helped Southern Nevada consume 32.5 billion gallons less water in 2022 than in 2002, despite a population increase of approximately 780,000 new residents during that time.

To ensure businesses and residents continue to be water smart, the Southern Nevada Water Authority (SNWA) and its member agencies have enacted several new conservation measures to drive down water consumption and ensure the Las Vegas Valley has a sustainable economy and water supply.

SNWA continues to see a strong response from the business, HOA and multi-family residential sectors. Many of these property owners are actively replacing decorative grass in streetscapes, medians, common areas and other locations where it is used for aesthetics and not recreational purposes.

Under Nevada law, by the end of 2026, non-functional grass at commercial complexes, HOA common areas, government facilities and multi-family properties may not be irrigated with water delivered by SNWA member agencies. The law will save billions of gallons of the community’s water supply when fully enacted.

The SNWA Water Smart Landscapes (WSL) rebate currently provides a cash incentive of up to $3 a square foot to qualifying properties to replace grass landscapes with drip-irrigated trees and plants (some restrictions apply). The SNWA is encouraging businesses to apply for the WSL rebate sooner rather than later while funding is available.

For more information about how your business can be part of the conservation solution, visit snwa.com.

 

Conservation efforts helped Southern Nevada consume 32.5 billion gallons less water in 2022 than in 2002, despite a population increase of approximately 780,000 new residents during that time.

The SNWA is encouraging businesses to apply for the Water Smart Landscapes (WSL) rebate while funding is available and before the 2026 deadline to meet the requirements of a new state law prohibiting decorative grass.

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2023 Spotlight Awards – Project Merit Award Winners & Industry Award Nominees

NAIOP Southern Nevada 26th Annual Spotlight Awards NAIOP in the Hamptons Saturday, March 25, 2023 Red Rock Casino Resort 11011 W. Charleston Blvd. | Las Vegas, NV 89135 6 pm Cocktail Reception 7 pm Dinner and Awards Ceremony After Party Immediately Following until 11:30 pm Sophisticated Coastal Cocktail Attire Sponsorships are selling fast! Opportunities are […]

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DLI Class Recap – January 2023

Class is officially in session for the Developing Leaders Institute Class of 2023! DLI classes are held on the 2nd Monday of each month and will take place at the CBRE office. This year’s class consists of 22 professionals in the commercial real estate industry who will learn all things development from various subject matter experts. After each class, there is intentional networking at Born & Raised with the class teachers, NAIOP Board Members and DLI Alumni to further show this organizations commitment to the younger classes’ success.

DLI Class #1 – Commercial Real Estate Overview

The first DLI class was held on October 17, 2022 and was led by the President of Thomas & Mack Development Group, Rick Myers. Rick begun the class by discussing an article that he asked the class to read prior to meeting.  The article covered the story of T. Boone Pickens as he navigated a market takeover and showed what it takes to be forward thinking and persevere amongst your competitors.

In addition to highlighting what it takes to be successful in the business, he provided a basic overview of the industry from the various product types, to financing and development. He provided examples as to how each product type is evolving and offered insight on how to stay on top of trends and lead the market.

To conclude the first class, the group voted for class president and class vice president. Congratulations to Chris Molina with McDonald Carano for being nominated as class president and Megan McInerney with Colliers International for being nominated as class vice president.

Thank you to MDL Group for sponsoring this class.

DLI Class #2 – Market Analysis & Site Selection

The second DLI class was held on November 14, 2022 and began with a current economic overview led by John Restrepo, Principal of RCG Economics. John provided a macro view of the economy and went into detail on the Nevada economy as well as offered insights into how these trends effect the commercial real estate market. He also went into detail about what states are best to do business in and why companies chose to do business in those states. Overall, Nevada came in at #39 on the list.

The second portion of the class was led by Adam Malan, Vice President at Colliers International and Ryan Martin, Senior Vice President at MDL Group, who spoke about market analysis and site selection. Both shared examples of completed projects and walked through the initial site selection process. They explained the risks you take and hurdles that you must overcome to develop successful projects.

Thank you to Schnitzer Properties for sponsoring this class.

DLI Class #3 – Due Diligence, Planning and Entitlements

The third DLI class was held on December 12, 2022 and was led George Garci of G.C. Garcia Inc., and Marianna Hunnicutt with Kimley-Horn and Associates.

George’s firm, the red tape Sherpas, taught the class the importance of investing in high quality due diligence up front in a deal to save all parties time and money later on. He provided many examples of situations that could have been avoided by better due diligence in the planning stages of a project.

Marianna taught the class the importance of understanding the various jurisdictions that review your projects as well as discussed various factors that play into the engineering of a project from mapping, drainage, traffic, utilities, etc. She tasked the class with their first group project where they were given a blank site and had to lay out a project while being aware of ingress/egress, grading, drainage, etc. The class took away a lot of valuable lessons from this group activity.

Thank you to G.C. Garcia, Inc for sponsoring this class.

DLI Class Vice President
Megan McInerney
Associate Vice President
Colliers International
Direct 702 836 3700
Megan.McInerney@colliers.com

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Government Affairs Report – February 2023

“Blow, blow, thou winter wind Thou art not so unkind, As man’s ingratitude.”
– William Shakespeare

Storms pounding the pacific northwest.  Accumulation measured in feet.  “Atmospheric River” is again part of daily conversation.  Odd year.  Jon’s grumpy(ier).  Kerrie’s resolution to clean up her language died 2 weeks ago.

It must be time for another Legislative Session.

But while certain constants remind us of what is to come, such as Kerrie’s texts increasingly mentioning waterfowl, certain changes give hope that some things will be different.

The election of Joe Lombardo as Governor is one of those changes, and a direct message from the voters to the parties that candidates matter; platform matters; and to borrow one from Ralston, #wematter.  While the national stage is important, there are larger issues at home, and it is time to start dealing with these things, as opposed to hastily adopting poorly conceived legislation simply to waive around a “vanity plate.”

On January 23, 2023, Governor Lombardo sent a message to Nevadans on his way out the door, when he responded to a reporter’s question of what he was most looking forward to as Governor by muttering into a hot mic, “getting sh*t done.”  The message, combined with the more formal speech, could not have been more clear: budget surplus, but mitigated and targeted spending, dollars spent will come with accountability, and almost seemingly answering NAIOP’s mantra for the last several years, provide actual executive leadership in the two most critical issues facing Nevada – water and land.  And while these resources are regulated by the federal government, Governor Lombardo made plain his intent to roll up his sleeves and “get sh*t done.”

And so, as Jon and Kerrie delve into pre-filed bills and track BDR’s, we do so with a different set of “eyes.”  Bills and BDR’s put forth seemingly assuming a “rubber stamp” will likely not be as easy to move.  Legislation assumed to be DOA suddenly has a pulse.  And Carson City, sure as the winter snow will fall, will come to life with new relevance in 2 short weeks.

We look forward to seeing you in March.

 

 

Jon Leleu
Attorney/Lobbyist
Argentum Partners
jleleu@argentumnv.com

Kerrie Kramer
Lobbyist
Argentum Partners
kerrie@argentumnv.com

 

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Community Service Update – January 2023

It’s the most wonderful time of the year! This holiday season, the NAIOP Community Service Committee has given back in HUGE ways.

In October, the committee and membership collected food, paper goods, and monetary donations to support Helping Hands of Vegas Valley. This year, donations weighed in at over 700 pounds! Helping Hands has a need for donations and volunteers year-round to assist in the continued support of our community. If NAIOP members are interested in signing up for additional events, check out their website to see ways you can get involved.

Throughout the month of November, the committee partnered with Communities in Schools and Vegas Youth Ambassadors for the 10th annual Thanksgiving Family Meal Collection and Delivery. This year, the group supplied 30 families with a large turkey, and all the fixings for a Thanksgiving meal. Through the immense generosity of our committee and members, we were able to supplement each family’s pantries with goods to last the entire holiday season and a grocery gift card to purchase perishable goods. Thank you to all who assisted in this year’s collection and delivery!

Wrapping up the end of the year, our committee partnered with Catholic Workers to assemble and distribute 150 care packages at their daily homeless meal service. The care packages were full of hygiene products, snacks, gloves, blankets and more. The look on the communities faces that morning as we passed out the care packages filled us all with so much gratitude. Next, the committee partnered with Children’s Foundation of Las Vegas (formerly CASA Foundation) for their annual toy drive. The committee and membership showed SO much support for this event… it was incredible. Collectively, the group raised $10,200.00 in checks, $1,540.00 in gift cards and additional gifts totaling approximately $5,600.00. WOW!!

All these community efforts would not be possible without the support of the membership, individuals, and companies. We are so thankful to each and every one of you, and can’t wait to continue serving the community with you all in 2023.

We are always looking for new members to join the committee! Contact any committee member for more information.

 -Lauren Willmore and Megan McInerney

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