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.

NAIOP Southern Nevada held a Members Only Education Event in April moderated by Shani Coleman, director for Clark County Economic Development with panelists James Chrisley, Deputy Director of Operations at Harry Reid International Airport; Sam Joffray, CEO for the Las Vegas Super Bowl Host Committee; and Terry Miller, Owner of Miller Project Management with Formula 1 racing.

Las Vegas, renowned as the Entertainment Capital of the World, has rapidly emerged as a multifaceted hub with a growing prominence in the sports industry. NAIOP Southern Nevada 78 members received an exclusive benefit to learn how Las Vegas has successfully transformed itself into a sports capital, hosting major events and attracting professional sports teams from various leagues. The city’s cutting-edge sports venues, including the T-Mobile Arena, Allegiant Stadium, and the Las Vegas Ballpark, offer state-of-the-art facilities for spectators and athletes alike. NAIOP members can witness top-tier sporting events, including the NHL’s Vegas Golden Knights, the NFL’s Las Vegas Raiders, the WNBA’s Las Vegas Aces, and minor league baseball’s Las Vegas Aviators. In 2023 and 2024 Las Vegas is going to host the Formula 1 Las Vegas Grand Prix Race on the Las Vegas strip and the Superbowl at Allegiant Stadium. Our panel discussed the impacts of professional sports and large sporting events on commercial real estate.

With its remarkable transformation into the Sports Capital of the World, the city offers access to world-class sports events which increases the need for different types of real estate and additional traffic through Harry Reid International Airport. Our panelists showed some of how the commercial real estate industry in Las Vegas is dynamically changing through sports.

NAIOP Southern Nevada Members can come to our next Education program on Friday, August 25, 2023 for our Legislative Pool Party: A Deep Dive into the 2023 Legislative Session. Registration details are here – Members Only.

 

 

Dear NAIOP Members,

I hope this newsletter finds you thriving in your professional pursuits. As we enter the third quarter of 2023, I am delighted to touch upon two significant topics that have been shaping our organization and industry: our recent NAIOP Board Retreat and the exceptional impact of our Developing Leaders Institute (DLI) program.

Board Retreat: Strengthening Collaboration and Teamwork

Our recent NAIOP Board Retreat was an extraordinary gathering of dedicated individuals, focused on enhancing collaboration and teamwork within our organization. During this transformative event, board members dedicated valuable time to understanding each other’s strengths, communication styles, and working preferences. By fostering a supportive and collaborative environment, we aim to maximize our collective potential and effectiveness in serving our valued membership.

DLI: Empowering Future Leaders and Board Engagement

Now, let us turn our attention to the remarkable impact of our Developing Leaders Institute (DLI) program, which has been empowering emerging professionals within our organization since 2007. DLI stands as a defining program for countless professionals, including myself, who have benefited from its comprehensive curriculum, industry insights, and personal development opportunities.

DLI has not only shaped careers but has also played a pivotal role in fostering an active and engaged board within NAIOP Southern Nevada. Many DLI graduates have gone on to serve on our board, executive board, and even as president. This active involvement of DLI alumni has significantly enriched our board, bringing unique perspectives, skills, and passion to our organization.

The DLI program nurtures leadership talent through various components:

1. Three-Day Leadership Retreat: DLI participants kick off their journey with a transformative three-day leadership retreat, where they acquire techniques to enhance organization, productivity, and leadership skills. This immersive experience sets the foundation for personal growth and sets the tone for the entire program.
2. Monthly Educational Sessions: DLI participants continue their growth through monthly educational sessions facilitated by industry leaders from the Southern Nevada real estate and development community. These sessions provide invaluable insights into successful professionals’ journeys and equip emerging leaders with the tools they need to excel in their careers.
3. Class Project: A Hands-On Experience: The DLI program offers a standout feature – the “Class Project.” Participants engage in a comprehensive project, from site selection to project disposition, providing hands-on experience in project management, collaboration, and problem-solving.

The success stories of DLI graduates are a testament to the program’s profound impact. We celebrate their achievements and the milestones they have reached throughout their careers.

As we conclude, I want to express our commitment to the continued growth and enhancement of the DLI program. We will strive to ensure it remains a cornerstone of leadership development within NAIOP Southern Nevada.

Thank you for your continued support as we foster the growth of emerging leaders, strengthen board engagement, and shape the future of NAIOP Southern Nevada.

 

NAIOP Southern Nevada President
Reed Gottesman, President
SVP, Regional Manager
Schnitzer Properties
reedg@schnitzerproperties.com

A good coach understands that mastery of any skill requires much effort and perseverance, and that positive reinforcement encourages the desired improvement.

But the benefits of being positive go far beyond motivating learners.  Positive thinking leads to better mental and physical health, increased resilience, better coping skills, and longer life span.

Benjamin Franklin, who lived to be 84 at a time when the average life expectancy of his peers was around 35, believed in the power of positive thinking combined with hard work and diligence.  “I haven’t failed,” he said of his repeated attempts to invent an electric light bulb.  “I’ve just found 10,000 ways that won’t work!”

 

 

 

Click here for more cartoons.

Brent Wright, PE, SE
CEO, Wright Engineers
bw@wrightengineers.com

I’m immensely excited to serve as NAIOP Southern Nevada’s president working closely with our tremendously talented 2023 Board of Directors.

Over the past several years, our chapter has demonstrated resilience by adapting to the changing needs of our membership and adjusting to the ever-evolving commercial real estate landscape that surrounds us. Delivering value to our dedicated members and sponsor organizations is what drives us.

We are focused on implementing several initiatives this year, ranging from the launch of a new program, to enhancing our government affairs program to further fortifying the financial strength of our organization. We are making significant progress across these various initiatives, building a strong foundation for success in the coming year.

My predecessor Hayim Mizrachi did a tremendous job working with Executive Director Katrina Bruce to create the “Developing Organizational Leadership Institute” (DOLI) program. This program was designed to educate and cultivate participants while simultaneously fostering opportunities for members to expand their connections and professional networks. Our job this year was to launch the program and make sure that we had the highest caliber people participate in the program. This goal has been achieved. Our alpha class consists of a strong group of 15 professional participants, and with the first two classes already completed, we are bullish that this program will have a strong positive impact on our organization for years to come.

Government Affairs is a cornerstone of what makes NAIOP the organization that it is and serves as the watchdog for our industry. The timely acquisition of a capable GA support staff member remains paramount, as their involvement is crucial for our continued success in expanding our organization’s impact in the coming years. We have a search firm vetting candidates and finalizing the selection process to ensure we secure the best person for the Government Affairs (GA) support role with a target start date of June 1, 2023, or earlier.

From a dollars and cents standpoint, the board is being prudent with the chapter’s financial strategy which involves smart investments in our reserves. We’ve diversified our investments in CDs with varying terms, generating an impressive return of around 5.25%. Plus, since our funds are FDIC insured, our reserves remain secure. This additional income stream will enable us to accomplish several of our key goals.

We will continue to create opportunities to bring together the commercial  real estate industry – from our most senior leaders to students that are looking to join the industry and everyone in between – to learn from each other, to celebrate each other, to provide mentorship and advocacy.

Here’s to much success in 2023!

Reed Gottesman
SVP, Regional Manager
Schnitzer Properties
reedg@schnitzerproperties.com