NAIOP Southern Nevada’s community project “Getting Dirty for a Cause” is now complete. Last month, the “NAIOP Neighborhood” was dedicated by St. Jude’s Executive Director Christina Vela.

The year-long project was divided into two phases, with each phase involving a complete renovation of two 1,200-square-foot cottages, costing about $40,000 per phase. Renovations included completely remodeling each cottage, from new roofs to floors and new appliances.

NAIOP received sizable donations for the project with St. Jude’s Ranch for Children in renovating the four cottages at its Boulder City campus. Colliers International-Las Vegas’ charitable arm Links for Life donated $20,000 and Martin-Harris Construction donated $5,000. Donations were also received by NAIOP members and friends in 2018 and 2019.

NAIOP members AJB General Contractor, The Korte Company, McCarthy Building Companies and R&O Construction all volunteered to serve as construction superintendents for each cottage renovation. Among other duties, they helped volunteers learn new skills as well as work to maintain a safe work site for all volunteers, and there were many. These four companies made this project happen with their time, labor along with their subcontractors labor and materials.

St. Jude’s Ranch for Children is a registered 501(c)(3) nonprofit that has operated in Southern Nevada for more than 52 years, with a mission of rescuing abused, abandoned and neglected children and providing a safe and nurturing transitional home for them. St. Jude’s Ranch serves about 500 local children per year.

The cottages will be used for transitional housing for St. Jude clients who are aging out of foster care as well as St. Jude employees and snowbird volunteers.

“We are very grateful for the support of our community partners; they are critical to helping us carry out our mission in Southern Nevada,” said Christina Vela, St. Jude’s Ranch for Children’s executive director. “We are humbled by NAIOP’s commitment to help us provide hope and healing for the children and young people we serve.”

Click here for the Close Out Celebration Slide Show

Click here for the Chanel 3 Interview

Click here for photos!

Thinking about joining NAIOP?  Now is the time in October!

NAIOP is now offering 15 months of membership for the price of 12! Get the last three months of 2019 for free with a new 2020 NAIOP Membership!

What do our members value most about NAIOP? Here’s our Top Five reasons.

1. Members Only Events– Our Southern Nevada Chapter does 2 Members Only mixers per year. If you enjoy Oktoberfest, Bus Tour, Spotlight Awards, Bowling Tournament, Golf Tournament, or Developing Leaders mixers, you’ll love our member mixers. This past year we held a Members Only mixer at the Shelby museum and the other at the brand new Las Vegas Ballpark where we enjoyed the party deck and took in the game on opening week.
2. Education– NAIOP Southern Nevada provides some of the best CRE educational opportunities in our market. Open dialogue discussions between developers, brokers, attorneys, bankers, contractors, architects, and more dig into detail about what impacts CRE, our market, and your business. Our education events are free and for Members Only.
3. Sponsorships– Our sponsors make for fun, memorable and insightful events. Sponsors are acknowledged at events, afforded opportunities to speak at the monthly breakfast meetings, and are invited on special market tours. Past sponsor tours include various construction projects such as Raiders Stadium, Las Vegas Ballpark, T-Mobile Arena, City National Arena, and more. We love our sponsors, but to be one, you must first become a NAIOP member.
4. Committees– Attending monthly breakfast meetings is great but not enough to build strong industry relationships. When you join one of the many NAIOP committees, you’ll gain acumen while working side-by-side with fellow members. This is where you establish true work relationships and grow your business in the process. Many of our members, including our Board of Directors, make a conscious effort to do business with NAIOP members and supporters. In short, NAIOP works.
5. Government Affairs– Finally, one of the most impactful reasons that members love NAIOP is advocacy. NAIOP Southern Nevada takes an active role in educating government entities and forming professional relationships with elected officials at the local, county and state levels. Any legislation that impacts building, licensing, taxes, parking, you name it, NAIOP lobbies on your behalf with a strong and respected presence.

Take this opportunity to become a member during the month of October and receive 3 months free with our 15 for 12 promotion, and get involved! You’ll expand your reach, grow your business and realize unexpected benefits along the way.

 

Membership Committee Chair
Matthew Hoyt
CommCap Advisors
Office: 702.792.7558
mhoyt@commcapnv.com

Click here for the podcast.

We are back on site at the NAIOP Southern Nevada June Program. The title was So Much Going On How To Keep Track – a Submarket Update

Below is the link to the webpage for the episode. You can listen to the show directly from the website. Just hit the orange play button. You can also find the podcast on Apple Podcasts by searching for “Takeaways”.  Takeaways Podcast – E2:E27- NAIOP June Program: So Much Going On How To Keep Track

Shawn Danoski and I sat down to discuss our Takeaways from this program.

The moderator was Donny Perach – Vice President, Valtus Capital Group

The panelists included:

• Gina Gavan – Chief Innovation Officer Director, Economic & Business Development
  City of North Las Vegas
• Ken Chapa – Interim Director – Office of Economic Development & Tourism
  City of Henderson
• Bill Arent – Director – Economic & Urban Development
  City of Las Vegas

In 2008, Charles Prince was named by Fortune magazine as one of the economic leaders who didn’t see the financial crisis coming. He was CEO of Citigroup, which at the time, was a major provider of financing for leveraged buyouts. He infamously told The Financial Times, “as long as the music is playing, you’ve got to get up and dance.” What a great quote to use to open this program. It not only sets the tone of all the activity in Southern Nevada today, but strikes the chords of irony, reminding us how deeply this community suffered just a few years ago.

These days it appears that Southern Nevada is in full recovery. There is a pipeline of activity ranging from catalyst projects, new hotels, infrastructure renovations to master-planning new communities to be developed 7-10 years from now. This was a robust program where the panelists not only talked about how much is going on now, but what is next!

What were some of our Takeaways?

• What is driving all of the growth in each City?
• How did each panelist answer when asked to share a “heard-it-at-NAIOP-first” announcement?
• Where would each of the panelists invest $10 million in their respective Cities?

I was unsure what to expect this year at ICSC RECON. With the mounting number of retail closures and downsizings, it could have been pretty bleak or sheer panic. As it turned out – it looked like business as usual. The national guys were there as well as locals and mom and pops businesses. The seminars were overcrowded and the line at Starbucks was about a 20 minute wait. I was on the floor for about three minutes when I encountered a developer client and his posse from NYC who was running back and forth between appointments with new deals.

While the crowd was the same, the subject matter was a little different. I got caught up in a number of programs and sessions focused on integrating health and wellness into retail projects and conversely, retail components into health, wellness and medical projects. Healthcare’s delivery approach is perceived today more as a retail experience for consumers and is seeking to provide services in proximity to other consumer needs. There were also a couple of sessions on the impact of cannabis in the retail marketplace – which is not new to the Las Vegas Market.

Some of the other noteworthy and critical topics included:

1. Get prepared for change. Owners need to think critically about the tenant mix and appropriately sized tenants. There needs to be a variety of goods and services offered that will keep customers coming back and staying longer on site. Walkable, mixed-use developments with office, medical or hospitality anchors provide a steady potential customer base. Combine uses on existing sites: live-work-play, medical-wellness, office-entertainment, etc.
2. Think outside the box. Experiential retail was the buzzword for excitement in centers and as a driver for new customers. These tenants could be entertainment based, hospitality based, food based or could be a product that cannot be experienced on-line. Retailers and physical spaces need to be fresh and unique to attract and maintain customers. There were examples of stores changing their entire look every quarter to promote a new and exciting atmosphere and keep enticing customers back into the store. The tenants for Area 15 had a “hands-on” booth to experience their concept.
3. Refresh. Re-size. Many nationals are rolling out smaller footprints for anchor stores. Powerful providers are working in smaller (more strategic) space – but they must effectively leverage the space to optimize the experience. Target has an urban plan of 30-45,000 SF on multiple levels. Large, big box users that are down-sizing are being replaced with store-within-a-store concepts and (smaller) specialty grocers are becoming popular anchors. Consumers want amenities like shop on-line and pick-up at store with an onsite “click/collect” pick-up zone.
4. Consumer data can be a friend. Data collection and analysis is becoming more critical to fulfill the needs of the consumer and to appropriately respond to trends and the consumers’ desires. It’s an evolving market driven by change in consumers’ needs, wants and attitudes. “One week you’re in – the next week you’re out.”
5. International flavor. There is interest from international companies to expand into US markets. This niche isn’t reserved for high-end consumers – think Aldi or other specialty food providers that international consumers are acquainted with and drive strong brand loyalty. On the apparel front, Uniqlo and Superdry are coming into the US market from opposite sides of the globe (and have multiple stores locally).

Overall, I got the same vibe of excitement crowd crush as previous years, saw deals being finalized all around me, heard deals being discussed and there wasn’t an empty seat in the CBRE mega booth.

Communications Committee Chair

Curt John Carlson, AIA, NCARB, ASID, LEED AP is a principal at SH ARCHITECTURE, a 22-year resident of Las Vegas and a dog rescuer.

Follow him at www.facebook.com/curt.j.carlson, www.curtjcarlson.com, www.instagram.com/curtjohncarlson/ or contact him at ccarlson@sh-architecture.com