April 2022 – Finding the Rhythm
NAIOP Southern Nevada started 2022 on strong footing with the Southern Nevada commercial real estate development market active and healthy. We expected uncertainty from lingering pandemic affects, inflation, supply chain issues, and local municipalities, specifically regarding water conservation efforts around evaporative coolers.
All of those are still present but you can add the invasion of Ukraine and gas prices at $5.35 per gallon. You know what else we didn’t see coming… a reignited relationship between LVGEA and NAIOP SNV.
If you have been following me at all on social media, you know that I have taken up distance running. I hired a coach and I’m training for a full marathon. One thing you learn when you test yourself in this way that most things parallel running.
Here we are a quarter of the way into the year. We knew the road ahead of us when we started the year. While we were aware of the challenges, we couldn’t anticipate them all. And we were even delighted, by an unexpected positive boost, meeting a friend on the running trail.
Right about mile 3 is when I start to find the rhythm of the run. I think NAIOP SNV has found the rhythm of the year too.
The Government Affairs Committee convened an Evap Committee that has met weekly to monitor and respond timely to this issue. In March, NAIOP engaged the Desert Research Institute to prepare a case study estimating water and energy use from evaporative coolers for conditions specific to Southern Nevada.
Tina Quigley participated in a round table with seven NAIOP Principal and Board Members. She was also a panelist for the March Breakfast Program. On March 16th there was a meeting with the NAIOP Board, LVGEA and GOED to explore how we can work together and not in silos. These are early days, but they sure feel good!
The RTC has reconvened its Transportation Resource Advisory Committee and NAIOP SNV is involved. On March 24th, they organized a field trip for TRAC members to personally experience the Vegas Loop (Tesla’s transportation system, under the convention center) and ride in fully autonomous vehicles. Their pursuit is a fleet of autonomous taxis on the Las Vegas Strip.
Rounding out Committee Work
Our beloved Programs committee organized panels covering a Developer Roundtable (Jan.), UNLV Real Estate (Feb.), and Economic Development (Mar.). Expect a robust office panel on April 21, 2022 with Tom van Betten – Matter, Nick Barber – JLL, and moderator Kyle Nagy – CommCap.
Education kicked off the year with an infrastructure presentation that included Jon and Kerrie – Argentum, John Restrepo – RCG and Kris Sanchez – GOED and you should calendar Friday, May 13th for the in person Education Workshop: The Big Brand Theory: The Collision of Retail and Industrial to hear a conversation about retail as we know it, the explosion of demand for industrial from retailers and the future of e-commerce. Details are here.
If you weren’t at Stoney’s February 17th you not only missed the Member Only Mixer, but you also missed your chance to line dance with Katrina on her birthday!
Credit to Patti Dillon and her Community Service committee for imagining and innovating the New Member Coffee event. It was so successful NAIOP Southern Nevada adopted the idea for New Members. Over 25 newer members met on February 11th at Sambalatte on Jones and I-215 to learn how they could get more involved with NAIOP Committees.
Speaking of Community Service – this is such a powerhouse NAIOP SNV Committee!! Volunteers kicked off 2022 at the Ronald McDonald House Charities annual “Fill the Pantry” Food Drive. The event brought in 6 TONS of food and supplies and $15,000 in donations.
I.CON West is a national NAIOP event, this time in Long Beach. Close to a dozen NAIOP SNV members attended.
And the annual Spotlight Awards returned to an in-person event after a two-year hiatus with 650 strong celebrating our industry at Red Rock Casino Resort.
One thing I learned during marathon training is that runs don’t run themselves. You have to get your shoes on and hit the pavement to do the work. Well, NAIOP doesn’t happen by accident. It is because of you. It is because our Principal members, Sponsors, Committee Chairs, Committee Volunteers and Alternative Management who roll up their sleeves and do the work. We found our rhythm!
Hayim Mizrachi, CCIM
NAIOP Southern Nevada President