Community Service St. Jude’s Ranch for Children Cottage Renovation – Getting Dirty For a Cause!

Getting Dirty for a Cause!  The NAIOP Community Service Committee is preparing for one of its largest and most intricate projects and WE NEED YOUR HELP!  As you may know, the Community Service Committee holds several donation drives and coordinates various volunteer opportunities throughout the year.  We strive to find new ways to actively seek out and help those in need in Southern Nevada.

This year, we have been incredibly fortunate to give back to our community by partnering with St. Jude’s Ranch for Children to renovate four of their homes on site, which, along with the rest of the ranch, help to serve over 500 children per year.

St. Jude’s Ranch for Children is a registered 501(c)(3) and has a mission of rescuing abused, abandoned and neglected children and providing a safe and nurturing transitional home for them.  Over the past 50 years, St. Jude’s Ranch has provided new lives and created opportunities for thousands of abused and neglected children in Nevada.

In keeping with our committee’s mission to assist organizations in need of supplies and services, our Chapter will be seeking both material and monetary donations, as well as LOTS of volunteers, to complete this project.  Each house on the 40 acre site is approximately 1,200 SF and will be undergoing complete renovations including new roofing, flooring and sub-flooring, plumbing, potential abatement of the ceilings and HVAC repair, as well as receiving cosmetic makeovers with new appliances, cabinets, doors, fixtures and paint to create healthier living spaces for guests at St. Jude’s Ranch.

Our NAIOP Chapter will be financially responsible for the cost of renovating each home, as well as fully responsible for the physical completion of the project.  Because of this, in addition to asking for material donations, we have set a fundraising goal of $40,000 for the first phase of the project.  Along with material and monetary donations, we are asking that our membership come out to volunteer and join us and St. Jude’s in this amazing cause.  The vision of St. Jude’s Ranch for Children is to break the cycle of abuse and neglect by mending spirits and renewing hope.  Please help us renew hope by joining us to complete this project!

Stay tuned for donation lists and volunteer opportunities.  If you are interested in getting involved, please contact the Community Service Chair, Chris Teachman at cteachman@leesaklv.com.

Click here for more on St. Jude’s Ranch for Children

Ed Lubbers Condolances

NAIOP Southern Nevada offers our deepest condolences to his family and friends.  We are greatly indebted to Ed Lubbers who served on our Board from 1993 – 2001 and as Chapter President in 1999. An active and avid volunteer, Ed was always willing to lend a hand and received the “President’s Award for Volunteerism” in 1994.

He was very involved in the Chapter’s Government Affairs activities, instrumental in establishing our Political Action Committee.  Ed also received the very first Citizen of the Month Award from then Mayor Oscar Goodman, who named the street by City Hall in Ed’s honor for that month.

In lieu of flowers, Ed’s family requests donations be made in his memory to his favorite dog rescue & non-profits including The Animal Foundation, Nevada SPCA, Anchors Up Rescue Group, Connor and Millies Dog Rescue and his favorite bell ringers, The Salvation Army.

Golf Tournament – Volunteers!

Our 26th Annual Golf Tournament is at Spanish Trail Country Club. Player registrations are sold out, however there are Volunteers Opportunities Available!

If you are a NAIOP Member and would like to volunteer on the day of the tournament contact Stacy Blattner at 702-430-8109 or stacy.blattner@communityvision.com.

Thank you again to our event sponsors!

 

 

Lessons From a Rich History of Development in Las Vegas

The Thursday, February 15th NAIOP Southern Nevada’s breakfast program was titled – “Lessons Learned from a Rich History of Development in Las Vegas.”  That morning we were graced with The Moderator of moderators. None other, than Mr. Rick “It Matters” Myers, President of Thomas & Mack Development.

The panel that morning … whoooooooo weeeeeeee! The panel was a doozy!

  • Frank Martin, CEO, Martin Harris Construction, General Contractor – 1965
  • Randy Broadhead, Senior Vice President, CBRE, Office Broker – 1983
  • Kevin Higgins, Executive Vice President, CBRE, Industrial Broker – 1985
  • Ed Vance, Founder and CEO, Ed Vance & Associates, Architect – 1987
  • Dan Doherty, Executive Vice President, Colliers, Industrial Broker – 1989
  • Phil Ralston, President, America Nevada Company, Developer – 1995

Thank you to Michael Hoshue with Cox Communications for sponsoring!

It was so interesting how Rick opened the show. In the introductions he asked every panelist what year they started in the business. Look back up at the list of panelists. The year at the end of each name is when they started.

Those who attended this breakfast were seriously treated with three types of content which I will outline in just a moment.  First, I want to rub it in a bit for those who were not there. Unless you lived it, where else, and how else would you be able to get the domain knowledge of Las Vegas commercial real estate development over the last 20-40 years?! This program was incredibly insightful. Fortunately, there are these Takeaways. But reading about it here is like getting ice cream from the freezer at home vs. the ice cream truck. It’s just not the same!
Ok. What were the three types of content shared?

First was an overall history and evolution of development from when Mark Fine put Raytheon in Summerlin when nothing else was around it to when America Nevada started development for Ford Motor Credit’s office in Henderson having only signed acceptance of responsibility for the engineering in order to obtain permits early. There were about a dozen such stories. Each one illuminating context in buildings that we drive by daily. In this era it would take 3 months to get entitlements and 6 months to put up a building. How do you like them apples?

Click Here to read the complete article.

Hayim Mizrachi, CCIM
President | Principal
MDL Group
T 702.388.1800 | C 702.340.9600 | hmizrachi@mdlgroup.com
www.mdlgroup.com

DLI Class #7 Review – Real Estate Operations

DLI Class #7 happened on April 9th, 2018. The topic was real estate operations from an owners’ perspective and was held at a redevelopment project that is currently under transformation by Harsch Investment Properties. The Sunset Airport Center is a good representation of how different types of owners analyze investments based on their business plan and the value that projects can bring to an area. We were taught about different ownership groups, types of acquisitions, dispositions, redevelopment, REITs and the value of each of these strategies.

Reed Gottesman, VP- Regional Director of Leasing for Harsch, discussed the value they bring to their portfolio, using Sunset Airport Center as an example of an opportunity where one group had to sell low because of mismanagement and their strength as a long-term holder and on-site management guru to stabilize and improve the asset. Between the low cost/sf basis and minor upgrades needed, Harsch was able to double rents and use the new equity for their next project in record time.

Natasha Conner, also with the company, spoke about leasing and property management, discussed property amenities and gave a tour of the building, including both completed buildings and one still in the midst of a remodel. The finished product looked awesome! The class took notes on how this might help them in their business and a common theme was… be the best at what you do! Many thanks to Harsch Investment Properties for sponsoring the class.

 

2018 DLI Class Vice President
Brenden Graves, Director of Client Services
DC Building Group
702.434.9991 C: 702.957.0600
E: BrendenG@BuildWithDCBG.com

Community Service Update – May 2018

Thank you to each and everyone who donated food & supplies at our Street Teens drive at the April 2018 Breakfast Meeting!  Your donations will help the lives of local homeless teens.

June is around the corner and the weather is getting warmer so it’s that time again for our annual ‘Knot Tied Down’ at the June and July Breakfast Meetings. Clean out those closets and donate those fabulous Christmas ties you received and your slightly used business attire.  All donations will benefit Communities in Schools for those young adults dressing for success.

Click here to check out details on our upcoming St. Jude’s for Children Renovation Project!

 

Community Service Committee Chair
Chris Teachman, LEE & SAKAHARA ARCHITECTS, INC.
702-270-6600 | cteachman@leesaklv.com| www.leesak.com

 

Issues Impacting Our Industry

As many of you know, the Communications Committee in conjunction with the Government Affairs Committee surveyed the attendees at the April 2018 Breakfast. This survey was intended to provide Government Affairs with insight about the top issues impacting our industry. We collected more than 125 surveys and gathered some interesting data. Hopefully, many of those that answered the survey are reading this month’s newsletter.

Of all of the responses, the majority were Architects/Engineers followed by General Contractors, Brokers/Property Managers, Vendors, Developers and Bankers/Lenders (in order).

By far the biggest issue impacting our industry is a labor shortage/qualified (educated) work force. It appears that the next biggest issue is rising construction costs, followed by land availability, housing costs and taxes/tariffs. Some other issues mentioned were government/regulation, rising interest rates and infrastructure.

This information will help the Government Affairs Committee interview potential candidates that NAIOP Southern Nevada wants to support and hopefully guide issues brought to local law makers.

One thing is for sure, we are in this together!

If you’re on social media please make sure to follow NAIOP Southern Nevada and engage with us.

: NAIOP Southern Nevada Chapter

: NAIOP Southern Nevada (Company Page)

: @NAIOPSNV

Communications Committee Member
Cassie Catania-Hsu, Managing Director/Broker
Sun Commercial Real Estate, Inc.
Direct: 702-968-7324 | Cell: 702-556-7100
cassie@suncommercialre.com | www.suncommercialre.com

Henderson: A Place to Call Home for the Las Vegas Raiders

On February 6, 2018 the Henderson City Council voted to approve the sale of 55 acres of city-owned land near the Henderson Executive Airport to the (soon to be) Las Vegas Raiders for their corporate headquarters and practice facility.

Although the team was expected to locate the project somewhere in Southern Nevada, the process was still highly competitive with multiple sites throughout the valley under consideration.

The facility is expected to produce at least 250 jobs and up to $75 million in capital investment over the coming years. Jobs will include sales, marketing, administrative, financial, and other support functions.

In short, this is a huge win not only for the city, but also for the emerging West Henderson market.

West Henderson has long been regarded as one of the next frontiers for substantial investment in the valley. The area’s geographical position and its proximity to I-15 make it the closest location in the valley to Southern California’s population of more than 20 million people.

The area also features the Henderson Executive Airport, two highly regarded master planned communities (Inspirada and Anthem) and a friendly business environment supported by existing companies such as Levi’s and FedEx. Upcoming projects such as Turano Bakery, Sauvage’s “The Block” mixed-use development, a new Costco, and continued investments by developers such as Panattoni, Korte, and LaPour will continue to add value and shape the future of West Henderson.

I know what you are all thinking right now: “Yeah that’s great Ken, but what about the very attractive incentive the city gave to the Raiders?”

I’ve been practicing economic development for more than 15 years and there are few other topics that generate as much discussion as the incentivizing of a corporate entity by a state and/or local government.

The decision to offer a public incentive, in this case a reduced land price, is a serious choice that deserves careful consideration. But the opportunity to lure an NFL franchise, one of only 32 in the country, is rare and unique, offering the City of Henderson a chance to advance development in an area that was designated to create a viable and quality employment center as it builds out.

The City of Henderson was able to offer the Raiders a discounted rate on city-owned land because of Nevada Revised Statute (NRS) 268.063 – “Sale, lease or disposal of real property for redevelopment or economic development…”

Based on the guidelines outlined in the statute, municipalities have a pathway to offer their city-owned land for purchase at a discounted fee.

The city goes through a rigorous process of identifying the return on investment of projects seeking this benefit. Not only tax dollars are considered, but also how the project could attract increased investment in the community and its role in expediting the area’s strategic vision.

Second, cities must be very careful when exercising this ability as some may claim that it artificially impacts the natural flow of commerce by directly competing with the private sector.

Public entities try to avoid situations where their actions can be perceived as picking winners and losers. The Raiders deal however, was very distinct and offered an opportunity for the City of Henderson to recruit a once-in-a-lifetime project with proven effectiveness demonstrated in 31 other communities with NFL franchises throughout the United States. This, along with a stringent due diligence process, gave the city all the significant information needed to feel comfortable invoking such a selectively used local incentive.

If you are interested in continuing to stay informed about all the great things going on throughout our city, I urge to follow us on twitter (@HendersonEcDev) and check our website (www.HendersonMeansBusiness.com). While you’re there, please sign up for our quarterly newsletter.

By: Ken Chapa, Economic Development Officer
City of Henderson Office of Economic Development &Tourism
Twitter: @KenChapa Email: ken.chapa@cityofhenderson.com

DLI Class #6 Overview – Construction

The 6th DLI Class covered the topic of Construction and featured presenters and sponsorship from Burke Construction Group. The class was held at Burke’s recent flagship project, the Credit One Corporate Headquarters.

The Burke team presented information accounting for each step of the construction process to include: preconstruction services, estimating, operations and close out. Jim Colegrove, Managing Partner, spoke about tenant improvements and the types of information collected before moving forward with a perspective client. Thad Lawrence, VP of Preconstruction Services discussed the different types of contract methods, as well as emerging technology in the construction industry. Dimitri Mihaloliakos, VP of Estimating discussed the risks and rewards of bidding projects, materials and the nuances of getting a bid right! John Travassos, VP of Operations discussed staying on schedule and on budget and Kevin Burke, President and CEO discussed the history of Burke and the changes that have occurred in the construction industry in the last 20 years.

The class concluded with a tour of the Credit One Headquarters. Did you know they have their own state-of-the-art bistro and Tier III data center? The class content was very informative and well received.

2018 DLI Class Vice President
Brenden Graves, Director of Client Services
DC Building Group
702.434.9991 C: 702.957.0600
E: BrendenG@BuildWithDCBG.com

Community Service – Street Teens Donation Drive April 2018

We are collecting food, water & supplies for Street Teens in April. Street Teens is a volunteer based, non-profit organization dedicated to assisting homeless, abandoned and at risk youth ages 12-21 in the Las Vegas Valley. Their primary goal is to meet the survival needs of youth by providing basic necessities in a safe, compassionate environment.

Click here for details and donation list. Please bring your donations to the Thursday, April 12th Breakfast Meeting at the Orleans 7 a.m and help make a difference in the life of a homeless teen.

Community Service Committee Chair
Chris Teachman, LEE & SAKAHARA ARCHITECTS, INC.
702-270-6600 | cteachman@leesaklv.com| www.leesak.com