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.

Air conditioning is essential to surviving Southern Nevada’s desert heat, especially in summer. Many businesses use evaporative cooling systems to lower indoor temperatures, but these systems soak up a lot of water in the cooling process.

The second largest consumer of the community’s water supply, evaporative cooling systems are prohibited in new construction for projects applying for building permits after Sept. 1, 2023. While evaporative systems used for existing buildings may continue to operate, businesses are finding ways to install new technologies that make the systems more water efficient.

“Resorts World is a great example of a company upgrading evaporative cooling technology to save water,” said Patrick Watson, SNWA Conservation Services Administrator.

The 3,500-room hotel installed a new controller for its cooling towers, improving water efficiency by better controlling and monitoring of the system’s operations.

“With the new controller, Resorts World can cycle water more efficiently and replace it less often, saving more than 18 million gallons of water a year,” Watson said, adding that the resort took advantage of SNWA’s Water Efficient Technologies (WET) rebate to help pay for some of the costs associated with the upgrade.

The WET rebate offers financial incentives to commercial and multifamily property owners who install water-efficient devices and technologies. Properties can earn up to $500,000 in cash incentives for replacing cooling towers and swamp coolers with dry-cooled systems. Currently, Clark County is supplementing the SNWA rebate for consumptive use technologies through a grant (while funding is available).

“Dry cooled systems often use more energy than evaporative cooling systems, but dry cooling is more water efficient” Watson said, acknowledging one of the reasons some property owners have not pursued other cooling options. “We can always generate more power, but we can’t always create more water. Protecting our water supply during this megadrought is essential to our community’s long-term sustainability.”

For more information about the WET rebate, visit snwa.com.

Resorts World installed a new evaporative cooling system controller, which will cycle water more efficiently and save 18 million gallons a year.

Approximately 60 percent of all water delivered by the SNWA is consumed, primarily for landscape irrigation and cooling. Unlike water used indoors, water used outdoors and for cooling is lost as it cannot be treated and reused. As a result, consumptive water uses continue to be a primary focus area for future conservation gains.

Evaporative cooling systems, the second largest consumer of the community’s water supply, are prohibited in new construction for projects applying for building permits after Sept. 1, 2023.

Class is officially in session for the Developing Leaders Institute Class of 2023! DLI classes are held on the 2^nd 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.