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.

 

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. Slides to the program are HERE.

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.

Written by:

Matthew Weinberger
Director of Business Development
Martin-Harris Construction
matthew.weinberger@martinharris.com
702-474-8209 Direct

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.

 

Greetings NAIOP Members, your Social Committee has been hard at work creating memorable events for our Chapter members.  This Summer, we will kick off our first Summer Social at Nora’s Italian Cuisine on July 22nd.  Thank you to our event sponsor Civil Science. Register here.

And drumroll please……Our “Social Event of the Year” will be held on Thursday, September 23rd at Diversion Amusements with an 80’s theme.  Watch for details soon!

You won’t want to miss any of these upcoming events!

 

Social Subcommittee Chair

Linda Gonzales | Senior Associate
CBRE | Mountain-Northwest Division
T +1 702 369 4924 | F +1 702 794 0144 | C +1 702 501 3007
linda.gonzales@cbre.com | www.cbre.com

Although the pandemic made in-person events almost non-existent last year, NAIOP Southern Nevada was able to safely and successfully hold their 28th Annual Golf Tournament at Spanish Trail Country Club. 216 players golfed over 3 days without a hitch and we were able to raise funds for our general fund. The golf committee is very proud and excited to host the 2021 tournament on Friday, October 8th at Spanish Trail Country Club. Save the date and watch for details, sponsorship opportunities and teams!

So, without further ado, NAIOP Southern Nevada is happy to announce (FINALLY!) the winners from the 2020 Golf Tournament.

Check out our over tournament winners:

1st Gross Jim & Gwen Crawshaw, Tim Hutton & Vicki Jones
2nd Gross – Robert Ray, Brian Riffel, John Sanders & Owen Sherwood
1st NetBrett Bottenberg, Don Cape, Rove Villaruel & Tonya Wagle
2nd Net –Kerry Cartmill, Shawn Danoski & team

Daily Contest Winners:

Men’s Closest to the Pin: Dan Ivie, Mike Mixer & Alex Vance
Men’s Long Drive: Nick Barber, Dan Lai & Nick Gray
Ladies Closest to the Pin: Dana Ashworth
Ladies Long Drive: Amanda Irving & Tonya Wagle


We couldn’t do it with out you!
Thank you to our Volunteers:
Volunteer Coordinator: Nora Murphy, Newmark
Dave Bauman, MDL Group
Christy Bojda, GRN Vision
Gary Congdon, Lee & Sakahara Architects
Alan Johnson, R&O Construction
Michael Lowe, Western Elite
Alicia Nelson, Nextgen
Terry O’Connor, SR Construction
Elizabeth Sant, BRAND Real Estate
Wendi Schweigart, NDL Group
Bob Stewart, Old Republic Title Company
Sandy Thompson, One Nevada Credit Union
Chris Teachman, Lee & Sakahara Architects
Anjali Winther, Acoustic Design Systems

Thank you to our Committee Members:
Committee Chair: Brett Bottenberg, McGinley & Associates
Board Liaison: Michael Newman, Newman Development Advisors
Dave Bauman, MDL Group
Katrina Bruce, NAIOP Southern Nevada
Gary Congdon, Lee & Sakahara Architects
Shawn Danoski, DC Building Group
Thomas Dunton, Nevada General Construction
Guy Gugino, Wells Fargo Bank
Matt Hoyt, CommCap Advisors
David Logsdon, Actus
Michael Lowe, Western Elite
Nora Murphy, Newmark
Alicia Nelson, NextGen
Terry O’Connor, SR Construction
Eric Rhee, Wells Fargo Bank
Johna Savage, NAIOP Southern Nevada
Bob Stewart, Old Republic Title
Sandy Thompson, One Nevada Credit Union
Anjali Winther, Acoustic Design Systems

Click here to check our event photos!

Frank Marretti, G2 Capital Development
Las Vegas Review-Journal
By Eli Segall
Sept. 3, 2019

Click here for the article

Government Affairs
article to be provided


2020 DLI Class
Lead, follow or get out of the way….are you ready to lead?.


NAIOP Corporate Annual Developing Leaders Award
The annual Developing Leaders Award opens on Friday, April 26.  

MEMBERSHIP


Jody Belsick becomes NAIOP Governor

Congratulations to our Board Member Jody on becoming…


Members Only Mixer
Check out our photos from our Las Vegas Ball Park & Aviators Mixer


Member Highlight
Benjamin Bojda
Dominion Environmental Consultants NV, Inc.



Community Service

St. Jude’s Ranch for Children project wrap up article

 

 

 

 

 

 

 

 

 

This guy may hold a clue to why some of your Instagram friends have such a perfect life. The fact is, nearly two thirds of us feel inadequate when we compare our lives to others online …and keeping up with perfect friends is expensive and difficult – until now. I’ve found an easy solution for those who would rather avoid the trouble of actually living a perfect life: LifeFaker.com, where their slogan is more…

Click here for more Right Brain cartoons

 

 

The Developing Leaders Institute Applications due date is fast approaching!  Full applications are due by July 14th.

NAIOP’s Developing Leaders Institute is a 12-month curriculum of leadership and real estate training taught by the leading professionals from the Southern Nevada real estate and development industry.

  • The program begins with a 3-day Leadership Retreat taught by a nationally recognized expert in personal development training. Participants will learn techniques to become more organized, more productive and more effective leaders.
  • Monthly Education sessions will be taught by the leaders of the Southern Nevada real estate and development community. Learn how these leaders have reached the top positions in the industry and the key skills needed to become a leader in the industry.
  • A Class Project will challenge participants and the class “team” to plan a project from site selection to the disposition of the completed project – a unique and invaluable opportunity for “hands on” application.
  • Develop Relationships with the best and brightest in the industry. Each educational session will be followed by networking with classmates as well as program sponsors and instructors. Meet the movers and shakers of our industry in an up-close and personal setting.

The DLI Committee is still looking for $500 supporters of the program. Supporters receive the following:

  • Company name on screen display at monthly meetings
  • Company name on website
  • Complimentary attendance for one at graduation ceremony
  • Company name on sponsor signage at graduation ceremony

Click here for the application

Click here for class schedule

Click here to be come a class supporter

Click here for video testimonials

Matthew Hoyt, DLI Committee Chair
CommCap Advisors
(702) 792-7558 | mhoyt@commcapnv.com