Five Questions with Paul Chaffee

Meet longtime local commercial real estate broker Paul Chaffee, who is representing the Southern Nevada Chapter of CCIM on the CALV Board of Directors for 2023.

To find out more about him, we asked him these quick questions:

• How long have you been involved with CCIM?
  • I became of member of the Southern Nevada CCIM Chapter in 2003 and a member of CCIM National in 2018. I became a CCIM designee in 2019.

• How long have you been involved with CALV?
  • I think I became a member of CALV in 2015.

• What prompted you to join CCIM and get more involved?
  • CCIM is one of the premier commercial real estate designations. The education, networking, and community service opportunities are unparalleled by any other commercial real estate organization. As a CCIM designee, I have international recognition by investors, owners, and users as an expert in commercial real estate with a proven track record. All of these reasons prompted me to get involved.

• What’s your job, and what’s your favorite part of your job?
  • I’m a commercial real estate broker. I have many favorite parts of my job:
    • Every day is different, with new challenges and new successes.
    • The ability to help people get the most return from their real estate investments; and to help them create an avenue that could produce generational wealth and security.
    • Helping people that are stuck in a piece of real estate, helping them either sell or lease their property to alleviate that stress in their lives.

• What’s the biggest issue facing the commercial real estate industry today?
  • I believe that there are several issues facing the commercial real estate industry today:
    • Raising interest rates affecting the ability of buyers to purchase commercial properties that they want.
    • The uncertainty of the market.
    • Cost of construction.
    • Skilled workers in construction.
    • Skilled workers to fill positions in businesses that relocate to Southern Nevada.
  • In Southern Nevada:
    • The status of our water supply in Southern Nevada.
    • The lack of privately owned, developable land in Southern Nevada.
• What’s one thing most people would be surprised to know about you?
  • I’m a fairly open book, but here are a few:
    • I am an avid reader.
    • I am a huge supporter of UNLV! Go Rebels!
    • My favorite color is orange.