25th Annual Golf Tournament A Success

The 25th Annual NAIOP Golf Tournament was held on May 11, 2017 at the Reflection Bay Golf Course! With more than 150 NAIOP members and their guests in attendance, everyone enjoyed a fabulous day of golfing, refreshments, food and sponsorship tee entertainment. Whether dancing it up with the DJ or picture taking in the jungle, fun was had by all. The day started with breakfast and the now famous Bloody Mary Bar to the ever-strenuous pregame chipping contest putting our golfer’s skills to the test at 63 yards. Who knew it would be that challenging? We did have one winner closest to the pin, Phil Ralston of American Nevada Company. Golfers then enjoyed 18 holes of golf surrounded by the peace and serenity of birds chirping, blue skies and lake views while in the distance hearing “I like big …” playing in the background, you get the picture. After a torturous round of golf, on a beautiful Thursday, work day for the common folk, a barbecue lunch was served followed by the awards ceremony.

Fundraising! One of our goals of the tournament is to raise funds to benefit our Government Affairs Activities. With all the fabulous raffle prize donations we received from our amazing membership, we raised $8,790 from Raffle and Mulligan sales, $930 from the Dice Game and the Putting Contest (50/50 split) totaled $510 with winners Tracy Hammer, VanTrust Real Estate LLC and Jim Slack, Fidelity National Commercial Services splitting the pot.

CHECK OUT OUR WINNERS:
1st Net – Jennie Bowman, JBA Consulting Engineers, Shawn Danoski, DC Building Group, Adam Malan, Logic Commercial Real Estate and Gary Siroky, DC Building Group
2nd Net – Thomas Godbout, Blake Olson & Robert Sandhu of First Savings Bank and Jim Slack of Fidelity National Commercial Services
1st Gross – Brian Arbogast, Zac Crane and Mel Jeffers of The Whiting-Turner Contracting Company
2nd Gross – Mike Hanson, Treasure Island; Pat Lindahl, Gray Construction and Michael Lowe & Jeff Stone of Western Elite
Closest to the Pin – Jennie Bowman, JBA Consulting Engineers and Tim McCoy, GCW Inc.
Longest Drive – Cherie Guzman, Slater Hanifan Group and Jim Slack, Fidelity National Commercial Services

THANK YOU TO OUR VOLUNTEERS: THANK YOU FOR SHOWING UP – WE COULDN’T DO IT WITHOUT YOU!
Kathy Blond, SR Construction                                                            Chris Lane, Colliers International
Benjamin Bojda, Dominion Environmental                                    Lori Lea, Taney Engineering
Tiah Brooks, First American Title Insurance Company                Yelena Misic, Dri Tech Corp.
Samantha Coronado, Nevada Title Company                                 Julianne Patterson, Harris Associates
Sallie Doebler, Las Vegas Metro Chamber of Commerce             Brian Pena, The Original Roofing Co.
Chad Ewing, GSL Electric                                                                   Regina Pernyak, Affordable Striping
Sarah Ginsburg, Patcraft                                                                     Shae Sandoval, Taney Engineering
Ashley Gould, The Korte Company                                                   Michele Seibold, National Commercial Services
Scott Honeycutt, The Original Roofing Co                                      Sandy Thompson, One Nevada Credit Union
Matt Hoyt, CommCap Advisors                                                         Sebastian Torres, CommCap Advisors
Alan Johnson, Affordable Concepts, Inc.                                        Michael Zufelt, One Nevada Credit Union

And as always, thank you Katrina and Johna for all that you do!

THANK YOU TO OUR EVENT SPONSORS

Shirts –  Roofing Southwest
Hats – R & O Construction
Golf Balls – Newmark Grubb Knight Frank
Coin (Give-Away) – CBRE
Bloody Mary Bar – Prologis
Breakfast – Panattoni Development Company
Lunch – Bank of America Merrill Lynch
Hole-In-One – Burke Construction Group
Swag Bag – Harsch Investment Properties
Trophies – The Korte Company
Score Card – Actus
Pre-Tournament Chip Off – NV Energy
Putting Contest – EastGroup Properties
Drink Tickets – Wells Fargo SBA Lending

TEE SPONSORS
American Nevada Company
Burke Construction Group
Colliers International
Construction Testing Services
DC Building Group LLC
Dri Tech Corp
EV&A Architects
First American Title Insurance Company
Helix Electric
Henriksen/Butler Design Group
Lee & Sakahara Architects Inc.
Martin-Harris Construction
McGinley & Associates
Nigro Construction
Prologis
Western Elite
Wright Engineers

Once again, thank you to all of our fabulous event Sponsors, our 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 willingly in our photo ops, you know you want to look! Click here to check out the event photos.

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

Developing Leaders Institute 2018 Class Applications Released

The Developing Leaders Institute Committee is pleased to announce the DLI Application is now available on our website. 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 at graduation ceremony
  • Company name on sponsor signage at graduation ceremony

Click here for the application

Click here for the class schedule

Click here to become a class supporter

Click here for testimonials

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

Community Service Committee Update

Thanks to everyone who participated or cheered on our Dragon Boat Racers on May 20th out at Lake Las Vegas. The “Rack Pack” NAIOP team placed 3rd in their heat! Everyone had a great time and proceeds benefited Breast Care Center – Summerlin Hospital; Children’s Cancer Center of Summerlin; Pueblo Medical Imaging and The Blind Center of Nevada.  Click here to check out the drone video donated by NAIOP Member Tyson Clayton of Skyview Solutions LLC.

Another big thank you to those who also donated at our Street Teens food & supply drive at the May Afternoon Program & Mixer. Your donations really go a long way to help homeless teens in Southern Nevada.

We are not done yet… is your closet packed with business attire that you want to clean out? Never fear, our ‘Knot Tied Down’ tie and gently used clothing drive is back for this summer. We’ll gladly receive your old ties and clothing and help Communities in Schools. Collection tables will be available at the June, July and August monthly meetings, so there’s plenty of time to clean out those closets.

The Evolution and Rise of the 215 Beltway in the Southwest

The past three years of development in the Southwest part of the Valley have been incredible and unprecedented to say the least as just five short years ago the market was still in the depths of the recession.  Not many had any confidence that the market would ever come back as most projects were mothballed and there was no light to be seen for new development.  A couple of years later, confidence in the area was on the rise and sunshine was starting to peak through the clouds.  This new found activity was three fold, and the main reason for the success was a return to the fundamental reason of location.  The Southwest was the best location for new development due to 1.) The infrastructure of the Beltway 2.) Its proximity to the resort corridor and McCarran International Airport and 3.) Its geographic location between the two largest Master Planned communities of Green Valley/Anthem and Summerlin.

Phase 1. Single Family Home Builders acquired nearly 350 acres that will consist of approximately 1,600 homes that will house approximately 4,000 new people in the next couple of years.  The development of these homes is approaching nearly 50% build out as there was enormous pent up demand for new product as there was very little product developed from 2010-2015.  The new product was built at a lower cost due to lower land costs and this enabled builders to construct better product for less money as well as a better location than during the tail end of the boom years of 2005-2008.  Land prices paid by the home builders were in the $375,000-$450,000 price per acre range.  In my opinion, there will be very few properties within a mile of the beltway owned by the private sector that could be sold for future single-family residential development due to the increased value of the existing vacant land.  The only land that might be purchased for single-family residential in the beltway will have to be auctioned off by the Bureau of Land Management (BLM) through the CMA auction process.

Phase 2.     Multi-Family Developers acquired nearly 100 acres that will consist of approximately 2,500 multi-family apartment units.  The product and asking rents will differ from project to project, but if all are successful, we should see an influx of approximately 5,000 new tenants in the immediate area that will most likely work, shop and send their children to the several new charter schools opened up in the area in the past two years as demand has increased.

Phase 3.      Office, Industrial, Retail Users have acquired and developed (or are in the construction process) over 200 acres of commercial property. The bulk of this development consists of corporate headquarters, furniture stores and automotive dealerships that desire high visibility and wanted Beltway frontage.  Ultimate Fighting Championship (UFC), Scientific Games, Ainsworth, Credit One Bank, Ikea, Dodge/Jeep, Hyundai, Subaru, Switch and soon to be Walker Furniture are among the more prominent names popping up on the beltway and these companies will house more than 3,000 employees in the next 12-months.

Phase 4.      Future Development will most likely be a mix of Corporate Offices with some retail and probably an evolution of residential product that will be a mixture of “for sale” and “for rent”. This product will be built in a mixed-use environment that may or may not be vertical and will probably be 5-stories or more with podium parking.   As the area matures, I think people will want a lifestyle that mixes both work with commercial services that are walkable, pet friendly and which have an emphasis on an active adult life-style with safety and cleanliness as a priority.

Let’s all hope that all the efforts of the last 10 years of diversifying the economy will truly make the next wave of development an evolution in product design as the rising land costs and lack of land availability drive developers to introduce the different product types seen in Phoenix, Denver, Portland, Austin and other cities evolving with the future as more people desire a “live, work, play” environment without having to get into a car to do so.

Scott Gragson, Executive Vice President
Colliers International
Direct +1 702 836 3730  |  Mobile +1 702 595 1010 | Main +1 702 735 5700  |  Fax +1 702 948 6388
scott.gragson@colliers.com 

Member Highlight

Name: Cassie Catania-Hsu
Title: Managing Director/Broker
Company: Sun Commercial Real Estate
# of years in the industry: 10

1.    I am a NAIOP Member because…
I want to increase my sphere of influence by utilizing the local chapter network, attend educational classes and be an active member of the organization. I am also a DL member and hope to participate in the DLI program to broaden my commercial real estate knowledge and build new relationships with other NAIOP members. Read more

Not So Talked About Las Vegas Commercial Real Estate Trends

May 2017 Industrial/office building sales are impressive, too! No doubt about it, big box industrial is what’s happening. It’s sexy, exciting, all our larger national retailers and e-commerce companies are doing it, and it’s accounting for a large majority of leased space in the Las Vegas Valley. If we include what’s currently planned and under […]

The New Definition of “Office”

Over the past year or so, I have been researching office environments and particularly the paradox of the “Open Office.” The “Open Office” concept has expanded to include other attributes, influencers and characteristics (more than just cubicles) and has become more of a state of mind in the work place. The “Google-ization” of the office environment introduced concepts that would make Don Draper and Roger Sterling run into their offices and lock their doors. “Open Office” now encompasses the image, the branding of a company, the workflow process of an organization, the technology prowess of a company, the hours of the company and even to a point, the age of its employees and managers. Read more

Community Service Committee Update

The committee has been very busy planning a number of upcoming volunteer and donation opportunities to help serve the community.

Thank you to those who donated pet supplies at the April breakfast meeting to benefit A Home 4 Spot. Read more

President’s Quarterly Report – April 2017

Dear Fellow Members:

It’s hard to believe the first quarter of 2017 is coming to a close. As this year begins to fly by, NAIOP Southern Nevada has had an action packed first few months.

We started off the year with the well attended and informative Forecast 2017 event held in cooperation with the Lied Institute for Real Estate Studies, Lee Business School, UNLV. At this year’s event we had the renowned real estate economist, Dr. Mark Dotzour speak regarding the national economic outlook for commercial real estate and Thomas J. Bisacquino, President and CEO of NAIOP national to speak about the organization and national issues. We also had a stellar local commercial market panel discussion moderated by John Restrepo. Thank you, John, for all your efforts making this event a success. Read more

Community Service Committee Update

The Community Service Committee would like to thank everyone who donated plastic shopping bags at the last two breakfast meetings.  They are in the process of being turned into plarn and crocheted into sleeping mats to help homeless youth living on the streets. Read more