Las Vegas
Insider
A communication for brokers, employees, colleagues and friends
March 2021
Table of Contents
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16
08
19
10
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12
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14
23
Las Vegas Research – 2021 Check-Up
F e a t ure d L is t in g s
U.S. Economy Poised For Strong Growth
L a s Ve ga s I n T h e N e w s
F e a t ure d D e a l s
U p co m in g Ma rc h C a l e n da r
D e li v e r in g Ha p p in e s s # I W D2021
L a s Ve ga s B y T h e N u m b e r s
L a s Ve ga s Em p l oy e e S p ot l i g h t
L a s Ve ga s D ire c to r y
Success usually comes to those who are too busy to be looking for it. ~ Henry David Thoreau
Colliers Las Vegas We are enterprising. Our expert advice to property occupiers, owners and investors leads the industry into the future. We invest in relationships to create enduring value. What sets us apart is not what we do, but how we do it. Our people are passionate, take personal responsibility and always do what’s right for our clients, people and communities. We attract and develop industry leaders, empowering them to think and act differently to drive exceptional results. What’s more, our global reach maximizes the potential of property, wherever our clients do business. At Colliers, we accelerate success.
2021 Check-up! BY JOHN MATT STATER | MARCH 2021
We’ve entered into a brave, new year, still masked and still dealing with the pandemic, but with a gradually opening March 2021
economy. That means job growth…or should mean job
4
growth. Time to take a quick look at how far we’ve fallen, and by how much we have recovered.
Las Vegas Research
Bad news first Let’s do the bad news first (and please do not assume that means there will be good news following). From January 2020 to January 2021 (the most recent month of data available), Southern Nevada lost 136,000 jobs. The graph below shows the big losers by industry:
Job Gr ow t h by Indust r y
Job Growth by Industry
Change, January 2020 to January Change, January 2020 to January 2021
Leisure/Hospitality
2021
-94.7
Business Services
-22.8
Construction
-10.6
Government
-5.1
Manufacturing
-3
Wholesale
-2.4
Education/Health
-1.5
Financial
-1.2
Retail
1.5
Transportation
10.1
-100 Source: Nevada DETR
-80
-60
-40
-20
0
20
Jobs (000s)
Source: Nevada DETR The biggest loser here is leisure and hospitality, dropping almost 95,000 jobs. Casino hotels
said goodbye to 61,300 jobs, and restaurants 19,300 jobs – though it should be noted that limited-service restaurants managed to add 1,500 jobs year-over-year. We also saw big losses in construction, professional and business services and government. The only real winner was transportation and warehousing, adding 10,100 jobs. This comes as no surprise to people who have been paying attention to the industrial market and its relatively solid performance in 2020. Retail also added jobs over the period, 1,500 of them to be specific. The retail market was far more resilient during the pandemic recession than most people predicted.
Continued on page 6
Colliers – Las Vegas Insider
5
Now the real question… is there good news? Job Gr ow t h by Indust r y
Job Growth by Industry
Change, April 2020 to January 2021 Change, April 2020 to January
Construction
-7.9
Manufacturing
-1.3
Government
-0.6
2021
Financial
0.5
Wholesale
2.3
Source: Nevada DETR
Education/Health
13.3
Business Services
13.7
Transportation
17.7
Retail
24
Leisure/Hospitality
39.9
-20
-10
0
10
20
30
40
50
Jobs (000s) Source: Nevada DETR
Most other major industries show job growth over the recovery period... When we look at the period from April 2020 to January 2021, we do see good news. Southern Nevada added 103,800 jobs over this period. Some industries are still hurting. Construction, for example, lost 7,900 jobs during this period. In fact, the construction
March 2021
industry waited until July 2020 to start posting job losses. Manufacturing did much the
6
same, with job losses beginning in June, and 3,000 jobs lost between April and January. Most other major industries show job growth over the recovery period, led by leisure and hospitality, retail and trade and transportation.
Here’s where I upend your expectations – because I can still find some negative news – or weird news, at least – in the midst of all this positivity.
Job Growth by Industry
When I grabbed the January job
Change, November 2020 to January 2021
numbers, I did a double-take, and
Job Gr ow t h by Indust r y
Change, November 2020 to January 2021
Leisure/Hospitality
reran them a couple times to make
-35.8
sure I hadn’t accessed the wrong
Construction
-6.8
Government
-4.4
economic series. For in these
Financial
-2.9
numbers, we discover that between November 2020 and January 2021,
Manufacturing
-2.1
Business Services
-2
Retail
-1.7
Wholesale
-0.4
Southern Nevada lost 46,700 jobs. In the midst of re-opening casinos and
Education/Health
retail businesses, we are apparently
2.2
Transportation
8.5
-40
Source: Nevada DETR
-30
-20
-10
Jobs (000s)
Source: Nevada DETR
0
10
20
back on the downward slide. Why? Usually, I would assume that this represented a major revision of past
numbers. For that reason, I ran the data from January 2020 to present to see if it all hadn’t been revised downward. No dice. There was a December revision, but everything else stood pat. It is possible that those past numbers are being revised, and the revisions have not yet been released. I will note that the February numbers for the United States as a whole saw the number of full-time jobs decrease by 122,000 year-over-year, while part-time jobs increased by 482,000. January numbers saw the creation of 301,000 full-time jobs yearover-year and the loss of 290,000 part-time jobs. The data is bouncing around quite a bit. We are either now in the middle of a splendid recovery, or a recovery that peaked in November is showing signs of falling apart. My guess is that it is the former rather than the latter is true (see, I’m not always negative), but in this day and age, I wouldn’t put money on it. Hopefully, when February numbers are released, we will have a better picture of what is happening in the job market.
Colliers – Las Vegas Insider
7
Featured Listings 6620 – 6680 W. Flamingo Road Al Twainy, CCIM and Jennifer Lehr, CCIM •
±26,480 SF retail strip senter for sale
•
Three single-story retail buidlings
•
Estimated lot size: ±2.13 acres
3915 & 3925 West Hacienda Avenue Pat Marsh, SIOR and Sam Newman •
Under new ownership - Hacienda Industrial Park
•
±104,664 SF office / warehouse
•
Located in the designated Stadium District
6410 Montessouri Street
March 2021
Chris Lane, SIOR, CCIM and Paul Sweetland, SIOR
8
•
±4,451 SF freestanding building in the southwest submarket
•
±1,089 SF office space with ±3,362 SF warehouse
•
Sale price: $1,112,750.00 ($250.00 PSF)
168 N. Gibson Road Taber Thill, SIOR, Patti Dillon, SIOR and Megan McInerney •
±29,988 SF office building
•
Upgraded tenant improvements
•
Lease rate: $1.70/SF/MG
1103 George Avenue Mike Willmore and Dean Willmore, SIOR •
±2,200 SF /industrial space with secured yard for lease
•
Two (2) buildings on ±0.53 acres, located in North Las Vegas
•
Lease rate: $2,750.00/MO (MG)
±1.25 Acres of Land Steven Haynes •
±1.25 acres of land near Arville Street & W. Serene Avenue
•
Zoning R-E (Rural Estates Residential)
•
Asking price: $400,000
Colliers – Las Vegas Insider
9
U.S. Economy Poised for Strong Growth Strong spending, rising GDP, increased business investment, industrial production, pre-tax corporate profits, low interest rates, additional job growth, and a presumed rise in household formation will ultimately drive improvement across real estate asset classes.
Signs of an improving economic backdrop are emerging
Economic Highlights •
February’s impressive employment report indicated that 379,000 new jobs were added, led by 355,000 jobs in the leisure and hospitality sector (286,000 at restaurants and bars alone). Smaller gains were also posted in temporary help services, healthcare and social assistance, retail trade, and manufacturing. Employment declined in state and local government, construction, and mining. Initial jobless claims also remain elevated and have not dropped below one million a week since last May, indicating that the economy is still looking for traction.
•
New COVID-19 cases have plummeted, vaccine rollout is gaining momentum, and statelevel restrictions are easing.
•
Job growth, at 379,000 in February, is the strongest since October.
•
The latest economic stimulus is expected to drive GDP growth 3.3 percentage points, per Oxford Economics.
•
Retail sales growth picked up sharply in January.
BY STEIG SEAWARD | 18 MARCH 2021
As we recently passed the anniversary of the World Health Organization declaring COVID-19 a global pandemic, we’re beginning to see signs of light at the end of this long and winding tunnel. States and local municipalities have begun easing restrictions, job growth is improving, and consumer optimism is continuing to rise based on both the $600 stimulus checks approved last December and the impending next round.
March 2021
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Steig Seaward is the national director of research for Colliers in the U.S. and oversees the national research team and provides strategic leadership to all local offices. Based in Denver, Colorado, Steig brings more than 25+ years of commercial real estate experience, with extensive expertise in research, training and product development.
Las Vegas Updates
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Virgin Hotels Las Vegas
Las Vegas shows signs of
Resorts World Las Vegas
is now open
reawakening again
unveils food hall
415 DAYS AF TER HARD ROCK CLOSED
PENT-UP DEMANDS ARE APPARENT
SINGAPORE HAWKER ST YLE
The doors reopened with several
Return to normal life in Southern Nevada
A 24,000-square-foot concept based on
flourishes, including a new owner and
are the promises that things are going to
hawker centres. Originating in Singapore,
casino operator and a fresh look.
get better sooner rather than later.
hawker centres are large food courts.
Aloha! You’ve made the plane.
Colliers – Las Vegas Insider
11
LV
In the news Colliers Las Vegas Brokers Nationally Recognized for 2020 Successes March 15 – Nevada Business Magazine
Colliers Las Vegas Welcomes New Property Manager Amber Mcdaniel March 17 – CRE Confidential
Need Press?
Get the news out! Reach out and let us know the good news. New listings, properties just sold/leased, team news, etc! Help us, help you.
March 2021
Congratulations
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Colliers Las Vegas Brokers Dan Doherty, Paul Sweetland, Jerry Doty and Chris Lane Ranked in Sior’s Top 50 Industrial Transactions List of 2020 March 25 – Nevada Business Magazine
Dan Doherty, Paul Sweetland, Jerry Doty and Chris Lane Ranked in SIOR’s Top 50 March 26 – CRE Confidential
Dan’s qualification reflects his expertise, achievements, and commitment to the success of our brokerage and our clients.
RCA Data Update Blackstone remains an active buyer. That will cause volumes to jump in future months thanks to life science and hotel acquisitions. Read More Read More
2021 Colliers Retail Outlook After several years of brick-and-mortar retail migrating toward experiences and services, the online channel shifted its focus back to products with less shopping, more buying. The shift from services to goods backed the sentiment that retail spending held up much better than expected in 2020. Retailers who acclimated to digital commerce were met with success as nearly 150 million people shopped online for the first time and accelerated trends expected within the next few years to happen overnight. Although store retail sales growth was in the negatives, major online sales growth boosted total retail sales to 2.2% by the end of 2020.
Changing the Physical Environment of Healthcare The aftereffects of the pandemic will be felt by many for a long time. For the healthcare industry, it will leave a lasting physical mark. Beyond accelerating the use of technology and digital advancements, healthcare spaces themselves are going to be built and used differently as a measure for future preparedness. For both new and existing healthcare facilities, design elements including PPE storage, social
Industrial Big Bets Post-COVID Growing momentum is not without substantial challenges for companies that rely on global supply chains to fuel manufacturing, e-commerce, and distribution businesses.
distancing areas and overflow flexibility will be prioritized. Applying these key findings to promote infection control will permanently change the physical standard of our hospitals and clinics.
Read More
Colliers – Las Vegas Insider
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Featured Deals Industrial Sale A sale to 5360 N Beesley Drive, LLC. The ±106,705 square foot industrial property is located in North Las Vegas Business Park at 5360 North Beesley Drive in North Las Vegas. The transaction amount was $14,000,000.00. Dan Doherty, SIOR, Paul Sweetland, SIOR Chris Lane, SIOR, CCIM and Jerry Doty, SIOR of Colliers International represented the seller, Becknell Industrial.
Industrial Sale A sale to Nevada Asset Group. The ±38,164 square foot industrial property is located at 5785 North Hollywood Boulevard in North Las Vegas. The transaction amount was $5,839,092.00. Brian Riffel, SIOR and Tyler Jones of Colliers International represented the buyer.
Office Lease A lease to Rosenblum Law Offices, a Nevada professional corporation. The ±4,364 square foot office property is located in Airport Corporate Center at 376 East Warm Springs Road,
March 2021
Suite 140 in Las Vegas. Chris Connell, SIOR and Grant Traub,
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SIOR of Colliers International represented the landlord, Airport CC, LLC.
Office Sale A sale to Weiss Family Trust u/a/d April 12, 2000, or assignee. The ±3,766 square foot office property is located at 1671 West Horizon Ridge Parkway, Suite 100 in Henderson. The transaction amount was $1,100,000.00. Taber Thill, SIOR, Patti Dillon, SIOR, Megan McInerney of Colliers International represented the seller, Empire Holdings VI, LLC. Sam Newman and Pat Marsh, SIOR of Colliers International represented the buyer.
Industrial Lease A lease to K & B Electric, LLC. The ±20,038 square foot industrial property is located in Stadium Industrial Park at 5959 South Valley View Boulevard in Las Vegas. Lauren Willmore, Dean Willmore, SIOR, Alex Stanisic and Mike Willmore of Colliers International represented the landlord, GC Properties, LLC.
Industrial Sale A sale to Dermody Properties to be added to the development of LogistiCenter at Volunteer. The ±2.4 acre assemblage is located at 925-955 Mullen Avenue and 12802 Radcliff Street (APN: 19110-801-007 - 010) in Henderson. The transaction amount was $1,875,000.00. Suzette LaGrange, CCIM and Kara Walker, CCIM of Colliers International represented the three sellers.
Colliers – Las Vegas Insider
15
Upcoming Calendar April 2021 – Weather is warming up! Get outside!
April Fool’s Day Thursday, April 1
Office Monthly Meeting Zoom 9:00am–10:00am
Good Friday Friday, April 2
Happy Easter Sunday, April 4
CREW Luncheon Zoom 11:30am–1:00pm Tuesday, April 13
SIOR Luncheon Zoom 11:45am–1:30pm
Wednesday, April 21 (Taber Thill to send Zoom link)
Birthday Celebration 2:30pm–3:30pm Thursday, April 22 Main Conference Room
Investment Monthly Meeting Zoom 9:00am–10:30am Tuesday, April 27 (Grant Traub to send Zoom link)
Wednesday, April 14
NAIOP Virtual Breakfast 7:00am–8:45am
CCIM Luncheon Zoom 11:30am–1:30pm Wednesday, April 28
Thursday, April 15
Retail Monthly Meeting Zoom 9:00am–10:30am Tuesday, April 20
March 2021
(David Grant to send Zoom link)
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Industrial Monthly Meeting 9:00am–10:00am Thursday, April 29
Richard Koldewyn Tyler Jones Chris Bentley Kara Walker Brandon Roper Lindy Frye Steven Haynes Stacy Shapiro Brian Riffel George Connor Chris Lane
Dan Doherty, SIOR
2020/21 Sales Award Trip March 11–15, 2022 Fairmont Kea Lani in Wailea, Maui
2021 Trip Qualifiers
1. Brian Rif fel
2. Dan Doher t y 3. Pat Mar sh
2020 Trip Qualifiers
1. Dan Doher t y
2. Paul Sweetland 3. Dav id Grant 4. Chris L ane 5. Jerr y Dot y 6. Spencer Pinter 7. Keith Cubba 8. Chris Clif ford 9. Brian Rif fel 10. Pat Mar sh 11. Grant Traub 12. Dean W illmore
Broker of the month A Giving Spirit Dan’s donation will be going to Goodie Two Shoes. The Goodie Two Shoes Foundation provides disadvantaged children and children in crisis with new shoes and socks, as well as other items deemed essential for good health and positive development. The program truly makes a difference to
13. Dan Gluhaich
children whom don’t have a single properly
14. A lex St anisic
fitting pair of shoes to call their own… to children whom stuff paper towels in the toes to make the over-sized pair they have
Good luck to our future qualifiers.
wearable. Goodie Two Shoes is building a better Foundation one foot at a time!
LINKS FOR LIFE
F O U N D A T I O N
Colliers – Las Vegas Insider
17
2021 NAIOP Awards
Congrats to TaberThill, SIOR, Patti Dillon, SIOR, and Megan McInerney for being honored with the Office Brokers of the Year award for the 6th consecutive year at NAIOPSNV’s Spotlight Awards! #BEColliers #NAIOP2021 #NAIOPSNV #CRE
March 2021
#SpotlightAwards #OfficeBrokersOfTheYear
Congrats to Chris Clifford, SteveNeiger, CCIM, and RatherBrett of CNR Retail for being honored with the Retail Brokers
18
#BEColliers #NAIOP2021 #NAIOPSNV #CRE
of the Year award at NAIOPSNV’s Spotlight Awards! This marks CNR Retail’s 3rd win in the last four years. Well done!
Delivering Happiness.
#IWD2021 #BeColliers #ChooseToChallenge
Direct-to-Consumer and The Retail Space.
In celebration of Women’s History
BY ANJEE SOLANKI | 23 MARCH 2021
Colliers National Retail Services
Social dining has been at the epicenter of every family gathering since Pooja Bavishi can remember. “I was always drawn to the food, and specifically the desserts. They always made people happy. I made that connection very early.”
Month and International Women’s Day (celebrated on March 8), the team is shining a spotlight on incredible women in retail whose tenacity and talents have made an impact on both their careers and their communities. A huge thank you to Pooja Bavishi of Malai for
Pooja discovered the same spices of her childhood–ginger, rose petals, saffron, and cardamom could robustly flavor ice creams in a way that had never tasted before. “I was looking for this concept that combined the two most important constants in my life, social dining and a love for my heritage.” It all came together at a Friendsgiving event where guests marveled at the flavor combinations she used to create an ice cream dessert.
sharing her founder story. We look forward to making a trip to Brooklyn to try more of Malai’s flavors, but the Sweet Roti and Ghee will remain the current favorite until then. In our final installment, we’ll hear from my personal mentor, Prem Solanki, a pioneer in the female-owned business who will share life lessons
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from her career in retail signage.
Anjee is National Director, Retail Services USA, of Colliers International. Based in San Francisco and with 28 years of experience, she provides strategic leadership to over 500 specialized retail professionals across 163 offices. Connect with me on Twitter @AnjeeSolankiCRE or LinkedIn: linkedin.com/in/anjee-solanki-a4218840 Colliers – Las Vegas Insider
19
Las Vegas Office Report February 2021 Other
2%
Broker Rankings YTD 1.
Dan Doherty
23. Mike Willmore
2.
Pat Marsh
24. Tyler Jones
3.
Brian Riffel
25. Sam Newman
4.
Paul Sweetland
26. Gabe Telles
5.
Keith Cubba
27. Scot Marker
6.
Jerry Doty
28. Lauren Willmore
7.
Chris Lane
29. Patti Dillon
8.
Grant Traub
30. Taber Thill
9.
Jeff Swinger
31. Al Twainy
10. Spencer Pinter
32. Gabe Skerlich
11. Eric Molfetta
33. Chase Pavlov
12. Stacy Shapiro
34. Ryan Hendershot
13. Dean Willmore
35. Megan McInerney
14. David Grant
36. Jennifer Lehr
15. Steve Haynes
37. Brett Rather
16. Chris Connell
38. Steve Neiger
17. Alexia Crowley
39. Chris Bentley
18. Chris Clifford
40. Dan Gluhaich
19. Alex Stanisic
41. George Connor
20. Brian Fike
42. Rebecca Staniec
21. Kara Walker
43. Amanda Irving
22. Suzette Lagrange
44. Nick Gordon
Office
6%
Retail
11%
February Property Types 158% Monthly Budget 26% YTD Budget Industrial
40%
Land
41%
Sales vs. Lease Revenue 60% - Sales
40% - Lease
March 2021
Top 10 Agents – February 2021
20
1.
Dan Doherty
6.
Stacy Shapiro
2.
Grant Traub
7.
Dean Willmore
3.
Pat Marsh
8.
Jerry Doty
4.
Spencer Pinter
9.
Chris Lane
5.
Paul Sweetland
10. Steve Haynes
February Anniversaries
Kara Walker
2015
6 Years
Richard Koldew yn
2018
3 Years
Ryan Hendershot
2020
1 Year
Willmore Industrial Team
Las Vegas Feature
Lauren Willmore Associate lauren.willmore@colliers.com +1 702 836 3730
Career driven, beach enthusiast, Lauren accelerates success. If your character was a cocktail, which would you be? Why? Long Island Ice Tea – because it gets the job done, only after one!
You’re well-traveled. What’s your favorite place you’ve been? Why? Cannon Beach, Oregon. As my best childhood memories were spent there with my family.
Which do you prefer, oceans or mountains? Why? I prefer being by the ocean, I just love being by the beach!
Do you speak another language? If you could be fluent in another language instantly, which would you choose, and why? I have always wanted to learn Mandarin, no specific reason. Just think it would be cool to tell someone I am fluent.
Colliers – Las Vegas Insider
21
Why does present value matter?
Why Present Value Matters When
Present value is the value of
Comparing Occupancy Costs &
the value it would have in
money today, in contrast to
How to Address Some Challenges
the future, if invested, with
in Making a Fair Comparison.
same concept applies with
BY MARILYNNE CLARK | 29 MARCH 2021
As a financial analyst, a common question I hear from our occupier clients evaluating lease options is: “Why does present value matter?” Perhaps, they are thinking that they are not purchasing an asset, so the term “present value” confuses them. Yet, present value is relevant and can make a significant difference in comparing lease options.
compounding interest. The costs, in an opposite fashion. The more you spend now versus the future, the less you can invest, and make a return on the investment. So, spending the money in the future is preferable to spending it today. Unless you don’t believe you’d get any return from these funds if you invested them in your business instead,
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or if you think that funding these
March 2021
expenses are without cost,
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present value matters. Bringing 31 years of experience in commercial real estate, Marilynne joined Colliers in 2018 to provide financial analysis to the company’s leasing and investment sales teams for all types of assets.
Direc tor y Industrial
Hotel/Resort
Dan Doherty
+1 702 836 3707
Valerene Corbin
+1 702 836 3761
Jerry Doty
+1 702 836 3735
Jennifer Kennedy
+1 702 836 3772
Ryan Hendershot
+1 702 836 3751
Amanda McDaniel
+1 702 836 3745
Tyler Jones
+1 702 836 3754
Jennifer Mount
+1 702 836 3753
Suzette LaGrange
+1 702 836 3799
Christine Norberg
+1 702 836 3704
Chris Lane
+1 702 836 3728
Angelina Scarcelli
+1 702 836 3768
Pat Marsh
+1 702 836 3741
Sam Newman
+1 702 836 3724
Chase Pavlov
+1 702 836 3731
Spencer Pinter
+1 702 836 3776
Brian Riffel
+1 702 836 3773
Danielle Scarano
+1 702 836 3747
Alexander Stanisic
+1 702 836 3742
Paul Sweetland
+1 702 836 3750
Gabe Telles
+1 702 836 3758
Kara Walker
+1 702 836 3705
Dean Willmore
+1 702 836 3763
Mike Willmore
+1 702 836 3748
Lauren Willmore
+1 702 836 3730
Office
Mike Mixer
Property Management +1 702 836 3777
Investment Services Brian Fike
+1 702 836 3744
Nicholas Gordon
+1 702 836 3703
Amanda Irving
+1 702 836 3732
Eric Molfetta
+1 702 836 3756
Stacy Shapiro
+1 702 836 3762
Nicole Cauilan
+1 702 836 3706
Gabriel Skerlich
+1 702 836 3708
Sara Johansson
+1 702 836 3771
Grant Traub
+1 702 836 3789
Gina Jones
+1 702 836 3783
Staff
Brianna Maldonado +1 702 836 3701
Golf Course Brokerage Keith Cubba
Caryl Lou Paayas
+1 702 836 3702
Matt Stater
+1 702 836 3781
Chris Sutton
+1 702 836 3721
+1 702 836 3733
Multifamily
Chris Connell
+1 702 836 3709
Christopher Bentley
+1 702 836 3779
Patti Dillon
+1 702 836 3790
Shalonda Hughes
+1 702 836 3765
Megan McInerney
+1 702 836 3700
Jeffrey Swinger
+1 702 836 3764
Rebecca Staniec
+1 702 836 3792
Taber Thill
+1 702 836 3796
Medical Office Retail
Alexia Crowley
+1 702 836 3778
Chris Clifford
+1 702 836 3746
George Connor
+1 702 836 3786
Dan Gluhaich
+1 702 836 3757
David Grant
+1 702 836 3785
Jennifer Lehr
+1 702 836 3736
Richard Koldewyn
Scot Marker
+1 702 836 3782
Heidi Meidenbauer +1 702 836 3726
Steve Neiger
+1 702 836 3760
Leah Mullen
+1 702 836 3775
Brett Rather
+1 702 836 3794
Evan Ranes
+1 702 836 3749
Al Twainy
+1 702 836 3725
Brandon Roper
+1 702 836 3734
Valuation Services +1 702 836 3738
Land Steven Haynes
+1 702 836 3727
LAS VEGAS Colliers – Las Vegas Insider
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Our mission is to maximize the potential of property to accelerate the success of our
MARKET CONTACT:
clients and our people.
Mike Mixer, SIOR Executive Managing Director
+1 702 735 5700
351 offices in 67 countries
mike.mixer@colliers.com John Stater Research & GIS Manager
+1 702 836 3781
john.stater@colliers.com
$3.3 billion in annual revenue 2 billion square feet under management 18,000+ professionals and staff
Colliers | Las Vegas 3960 Howard Hughes Parkway, Suite 150 Las Vegas, Nevada 89169 | USA +1 702 735 5700 www.colliers.com/lasvegas
54,000 Lease/Sale Transactions $40B Assets under management
About Colliers Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn. © 2021 Colliers International. The information furnished has been obtained from sources we deem reliable and is submitted subject to errors, omissions and changes. Although Colliers Nevada, LLC has no reason to doubt its accuracy, we do not guarantee it. All information should be verified by the recipient prior to lease, purchase, exchange or execution of legal documents.