Eric Reich Condolences

With a heavy heart, NAIOP Southern Nevada Chapter extends our deepest sympathy to the family, friends and colleagues of Eric Reich of R&O Construction who passed away suddenly this Sunday, July 5, 2020 from heart complications.  Eric was an extremely active and committed member of our association since 2015 and a friend to all in NAIOP.  He was the Community Service Committee Chairman this year playing an instrumental role in our St. Jude’s Ranch for Children Cottage Renovation project.  Eric was a devoted committee member dedicating countless hours to the Community Service, Golf, and Spotlight Awards Committees on which he served. He rarely ever missed a meeting, event or volunteer opportunity. We will dearly miss his spirit, dedication and drive to always lend a helping hand wherever it was needed.

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2020 NAIOP National Developing Leaders Award Applications Open

Applications for the 2020 NAIOP National Developing Leaders Award are now open.  This award honors up-and-coming commercial real estate professionals, 35 years of age and under, for their valued contributions and commitment to the industry. The 2020 Developing Leaders Award will be presented to recipients who have shown exemplary achievements and demonstrated outstanding professional accomplishments in the commercial real estate industry.  Award recipients will be honored at CRE.Converge 2020 in Las Vegas, Nevada, October 6-8, 2020, in addition to receiving publicity and unrivaled networking opportunities.

If interested in applying, please click here for more information.

DLI Committee Chair
Samantha Flaherty
samanthajflaherty@gmail.com
602.931.9134

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2020 Golf Tournament Sponsors

Thank you to our 2020 Golf Tournament Sponsors.  Watch for details for our new date in the fall and check out photos of our last years tournament.

 

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Uninterrupted Membership Guarantee: We’ve Got You Covered

NAIOP Corporate Uninterrupted Membership Guarantee: We’ve Got You Covered

  • Extension of your NAIOP membership if you lose your job. Current members and those who join before September 30 will have membership extended up to one year or until you’re reemployed. Even if your dues were paid by your company, your benefits won’t stop.
  • Access to our online job bank where you can search for your next position, browse candidates, and find career guidance, salary resources and hiring trends.
  • Chapter support that provides tools and resources to continue programming and deliver strong member value in your local market.

Be sure to sure to reach out to our office if your contact information has changed at info@naiopnv.org.

 

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Free Education Classes

NAIOP has extended its on-demand course promotion through Aug. 1! Members can register for any of the 12 on-demand courses FREE (each a $795 value).

Explore all of the courses on modern industrial development, real estate finance (basic and advanced levels), capital markets and more.

No code is required, just log in with your NAIOP member ID. Take up to 90 days to complete a course after registering.

If you need your NAIOP Corporate Membership ID Number, email johna@naiopnv.org.

Click here for the On Demand Courses.

Click here for the Education Catalog

naiop.org

 
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The Right Brain – April 2020

The COVID-19 pandemic is no laughing matter, and we’re taking it very seriously – as we all should.  But in the midst of the resulting stress and worry, some of our engineers have been unable to resist making wise cracks about our social distancing policy, like “It’s an engineer’s dream!” or “What’s the big deal?  I’ve been doing this my whole life.”  We can take the current pandemic very seriously, but it’s still okay to laugh a little.  Smile and be safe.

Click here for more cartoons.

Brent Wright PE, SE, LEED AP | CEO
Wright Engineers
1645 Village Center Circle, Suite 10
702.933.7000 x1120 | wrightengineers.com

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What’s in a name? NAIOP is no longer an acronym.

A name is the first impression people have of a brand – or of anything, for that matter. Professional associations, just like companies and others, need to make sure that their name best conveys its brand to target audiences.

NAIOP knows this first-hand. In 2008, NAIOP went through an extensive period of research, interviews and member and chapter interaction before rebranding to the NAIOP we know today. The input was varied – some strongly supported a change, while others were not so sure. Chapters in particular were concerned about the cost of rebranding, and also a potential loss of name recognition with lawmakers and other stakeholders.

After all the research and feedback, NAIOP’s Board of Directors and principal members elected to change the association’s name from “National Association of Industrial and Office Properties” to the name most people used anyway – NAIOP (pronounced Ná-opp). With this change, NAIOP became both a word and the official name. The change was effective Jan. 2, 2009. Our chapter’s name is NAIOP Southern Nevada.

To further identify who we are, we added the definer (tagline) of Commercial Real Estate Development Association. This isn’t officially part of the name, but is reflected in our logo and how we describe our association. Including the word “development” in the tagline separates NAIOP from other real estate associations, and nods to the increasing desire to include all professionals who work in our industry.

In the end, the goal was to clarify the vision of NAIOP and more accurately define the membership and our mission. NAIOP, the Commercial Real Estate Development Association, has become the leading organization for developers, owners and investors of office, industrial, retail and mixed-use real estate. NAIOP comprises more than 20,000 members nationwide and provides strong advocacy, education and business opportunities through a powerful North American network.

So, as legendary radio show host Paul Harvey used to say, now you know the rest of the story.

Pro tip: Update your resumes and bios and any press materials using NAIOP, the Commercial Real Estate Development Association, removing outdated references to the National Association of Industrial and Office Properties.

 

Dencye Tuller
Senior PR Account Executive
B&P Advertising Media Public relations
702-967-2222 | dtuller@bpadlv.com

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NAIOP Honors NAIOP Southern Nevada Executive Director Katrina Bruce

NAIOP, the Commercial Real Estate Development Association, recently honored NAIOP Southern Nevada Chapter Executive Director Katrina Bruce with the “Outstanding Contribution by a Chapter Executive” award for a large chapter.

The Chapter Merit Awards (CMAs) recognize success in education, special events, membership, legislative advocacy and leadership. CMAs are presented annually at NAIOP’s Chapter Leadership and Legislative Retreat. Recipients are selected by a committee of their peers comprised of volunteer judges. Sixteen chapters and seven NAIOP leaders, including Bruce, received awards at the Chapter Merit Awards Celebration gala in Washington, D.C.

“Katrina has been the backbone and foundation for NAIOP Southern Nevada for three decades,” said 2019 Board of Directors President Shawn Danoski. “Because of her efforts, our chapter consistently ranks among the top 15 chapters in the nation and within the top five in growth year after year.”

Danoski said her forward-thinking management style ensures that the chapter remains fiscally responsible. After navigating the recession, during which time the chapter lost half of its members, Bruce continues to improve the financial stability of the local chapter while maintaining its position as one of the largest NAIOP chapters in the country.

 

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COVID-19 Resources

We have done our best to not add to the deluge of email messages about COVID-19.  Instead, we have created a COVID-19 Resource page on our website which is updated regularly with information relevant to the commercial real estate industry.

For Nevada information, the best resource is Nevada Health Response.  Be sure to Subscribe to Updates to receive the daily Situation Reports from Governor Sisolak.

NAIOP Corporate has posted Industry Resources COVID-19 and is hosting webinars, the Advantage Series: CRE Response to COVID-19.

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DLI Class Overviews – #4-5

DLI Class # 4 – Finance

Kicking off the new year, the DLI class met on January 13, 2020 at Logic Commercial Real Estate, to discuss and learn about all matters related to commercial finance.

While finance can become quite a bit cumbersome for many, the speakers engaged the DLI class and brought excitement into finance. Tailored around solving problems for our clients early on, the importance of finance was expressed through more than numbers, and stressed the invaluable benefits of building upon relationships made while in the DLI program. The wholistic messaging to engage finance team members early on provided the class with takeaways that will benefit them and their clients, within any role in commercial real estate, for many years to come.

Among these talented speakers were Paola Gonzales; Executive Vice President and Evan Dickson; President of Nevada State Development Corporation, Kyle Nagy; Founder and Director and Matthew Hoyt; Senior Vice President of CommCap Advisors, and Dennis Balletto; Senior Vice President of Bank of Nevada.

Further discussion included the basics of construction lending, the SBA 504 program and who benefits/qualifies, underwriting criteria reviewed during the evaluation of a project and its borrower(s), permanent debt, permanent finance, alternate loan programs available and identifying key terms utilized in the industry that are important for all individuals within the commercial real estate industry.

To bring about even more excitement to the first class of the new year, Jennifer Levine; Senior Vice President of RealComm Advisors, supplied the class with their DLI 2020 Class Project. During this discussion, Jennifer went over the class project, the project scope, the deliverables and all critical dates for our submittals.

Further networking took place at the post class mixer located at SG Bar, where many Board Members and DLI Alumni showed up to greet the class.

A huge thank you to Dennis Balletto and Bank of Nevada for continuing to support the DLI program, and sponsoring this class.


DLI Class # 5 – Investment Analysis

The DLI class met on February 10, 2020 at Logic Commercial Real Estate to discuss and learn about all matters related to the investment analysis portion of a project, from a very unique perspective. This particular class was just introduced this year, and the DLI class was excited to be the first participants to learn about this very important topic, which will strengthen their foundation as they move through the details of their own projects in the future.

The first speaker for this DLI class was Brendan Keating, CEO of Logic Commercial Real Estate. Brendan led the class by discussing project deals, their capital structure, and the high importance of discussing not only the realistic risks, but also all possible risks that could potentially impact the project. The class learned that by collecting all of your data up front, and discussing all potential risks, you are setting yourself up with the proper tools to allow for a successful investment and/or project. Brendan further discussed funds structures, hard money lending, and the overall view of what successful investing looks like.

Following Brendan was speaker Michael Argier, Development Manager of Panattoni Development. Michael shared a lot of information from a development perspective and assisted the class with opening their eyes to a broader view of intelligent investing. The class learned many regularly used terms in the development industry, their importance, and how to apply them in real situations. The class also learned about different valuation methods, budgeting and proformas, profit sharing, understanding exit options, risk factors, forecasting, and much more. With a detailed budgeting presentation, Michael assisted the class in understanding all details that are pertinent in implementing into your proforma, from both a hard and soft cost perspective.

Further networking took place at the post class mixer located at SG Bar, where many Board Members and DLI Alumni showed up to greet the class.

A huge thank you to Reed Gottesman, Senior Vice President and Regional Manager of Harsch Investment Properties for continuing to support the DLI program, and sponsoring this class. Reed gifted the class with Productivity Planners, a tool that will surely help the DLI class succeed.

 

2020 DLI Class Vice President

Christina Stanfill, Director of Project Development

WORTHGROUP Architects & Designers

Cell 702.575.8024 | www.worthgroup.com | cstanfill@worthgroup.com

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