LAS VEGAS
INSIDER A COMMUNICATION FOR BROKERS, EMPLOYEES, COLLEAGUES AND FRIENDS
JANUARY 2020
// COVER //
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TABLE OF CONTENTS 4
LAS VEGAS REAL ESTATE MARKET ENDS 2019 IN THE BLACK
8
PROMOTIONS
10
FEATURED LISTINGS
12
UPCOMING EVENTS
15
FEATURED DEALS
16
NEW OFFICE UPDATE
18
VEGAS BY THE NUMBERS
20 21
ICEBREAKERS
DIRECTORY
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LAS VEGAS REAL ESTATE MARKET ENDS 2019 IN THE BLACK Colliers International Las Vegas released its 2019 Q4 Las Vegas Market Research Report on Southern Nevada’s commercial real estate market. The report details current and future projections and trends expected this year. John Matt Stater
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Photo by Dave Morgan from Pexels
// JANUARY 2020 //
Southern Nevada had a pretty good 2019, with some
Net absorption in warehouse/distribution properties,
segments of the market doing better than others, but
while remaining positive and healthy, has been
all segments improving. The debate rages on over
decreasing (on an annual basis) since 2017. This
whether a recession is in the cards for 2020.
is certainly no cause to panic but does suggest that supply is beginning to outpace demand. If this
There are definitely signs of slowing economic
continues, vacancy should continue to increase in
growth, but that does not in-and-of-itself portend
2020 and asking rents should continue to decrease,
negative growth in the future. The recent completion
though with the potential for development to
of a new North American trade agreement and
begin shifting towards light distribution and light
progress on a new trade agreement with China could
industrial properties.
bolster economic growth in 2020, but one cannot know the future until it is the past, and sometimes
As multifamily vacancy rates have increased, the
not even then.
pace of new development has slacked. This is a pleasant show of restraint by developers. Rather than
What does seem clear is that Southern Nevada’s
getting swept up in the hype, they are proceeding
hospitality-driven economy made some bold moves
wisely and developing multifamily as it is needed.
in 2019, and should see the fruits of this work in 2020.
The downside to this slower development is a
Las Vegas has added important new entertainment
continuation of rent increases – good for landlords,
venues, and some big hospitality sales in the fourth
but tough on tenants.
quarter of 2019 suggest that at least a few major investors have some faith in the city’s future.
Over the past five years, Class B/C rental rates have increased from $732 per month to $895 per months.
As 2019 wraps up, Southern Nevada can look back
Rent growth in these older properties has thus
on another very successful year for its industrial
outpaced inflation, and this gradual drawdown of
market, though perhaps not as successful as in the
affordable housing could have a deleterious impact
past two years. A powerful wave of demand for
on Southern Nevada’s economic growth in the
warehouse/distribution space hit the United States
future. Executive Managing Director Mike Mixer said,
in 2017, spurred by e-commerce and the desire for
“It looks as though multifamily development will pick
quicker delivery times. It is possible that in 2019 we
up a bit in 2020 and rent growth has been slowing
are seeing signs that that wave is losing power.
over the course of 2019. We think this trend will continue in 2020.”
SOUTHERN NEVADA’S INDUSTRIAL MARKET POSTED 4.8 MILLION SQUARE FEET OF NET ABSORPTION IN 2019, DOWN FROM THE 5.2 MILLION SQUARE FEET OF NET ABSORPTION
Demand for Southern Nevada’s retail market hit a recent high in 2019, with net absorption totaling over 1 million square feet. It is no secret that the growth of e-commerce has been a significant challenge to brick-and-mortar retailers over the past few years.
RECORDED IN 2018, A POSSIBLE SIGN THAT THE INITIAL WAVE OF DEMAND FOR WAREHOUSE/DISTRIBUTION SPACE MAY BE SLOWING DOWN.
Continue on Page 7
”
// COLLIERS INTERNATIONAL LAS VEGAS //
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”
all you need is love
HAPPY VALENTINE’S DAY 6
See you there!
// JANUARY 2020 //
“Big box” retailers have closed numerous locations
its completion might prove that Las Vegas has a
in Southern Nevada, and more than a few pundits
supply problem, rather than a demand problem. If
decided that retail real estate’s best days were
the market does not respond to this addition of new
behind it. Retail performance in 2019 has challenged
office space, though, or the national economy slows
these views, with retail vacancy decreasing in all
down in 2020, Southern Nevada will be left with
submarkets in Southern Nevada, and in most retail
higher vacancy rates at the end of 2020.
types. It is possible that retailers have adapted to the new retail environment created by e-commerce,
After a bout with negative net absorption in the
enabling them to expand once again.
second quarter of 2019, Southern Nevada’s medical office market has enjoyed two quarters of positive
Land sales prices increased to their highest level
net absorption. Unfortunately, it is also experiencing
in years in 2019, producing a high dollar volume
a larger trend of weaker demand since hitting a high
of sales, but cutting the total acreage sold from
in 2017. Job growth and taxable sales on health care
last year’s high. Higher prices for commercial and
have seen a similar draw-down, which probably
residential-zoned land meant that buyers paid more
explains real estate’s woes. We expect a similar
to get less. That state of affairs will ultimately result
performance in 2020, with demand either rising or
in higher asking rents and prices for the buildings
falling slightly, but remaining positive.
constructed on that land, or landowners defaulting on land they purchased at too high a price.
2019 had a healthy tourism industry and was a major year for hospitality sales. Southern Nevada
Southern Nevada continues to add new citizens, so
is well-positioned to hit new heights in 2020, with
demand for residential land remains strong. Large
major new entertainment venues opening and new
tracts of industrial land at Apex create the illusion of
hospitality units on the way. The hospitality sales
low prices for industrial land generally, but outside
that occurred in the fourth quarter of 2019 are a clear
of Apex industrial land prices are going up as well.
sign that investors believe that Southern Nevada’s
Higher land prices may result in shortages of land
hospitality industry is on the right track and poised
in the hands of developers later, or a difficulty in
for future success.
attracting new residents and businesses in the future due to higher real estate costs.
Research & Forecast Repo rt
ort
t Rep
While the rapid increase in available sub-lease space in Southern Nevada and the lackluster job growth in sectors associated with office space is worrying, the valley’s office market performed well overall in 2019. Vacancy continued to decrease, and asking rates are now on the rise. Net absorption was weaker in 2019 than 2018, but still positive.
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rc Resea 19 4 20
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LAS VEGAS
Q4 2019
| ECONOMIC
REVIEW
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onom gas Ec
Las Ve
Vegas in the Bla Silver and Bla ck in 2019, ck in 2020
> Southern Nevada’s
economy grew in 2019 were added year-over-year > Taxable sales improved by $2.3 billion > 17,000 jobs
Nearing the end of 2019, it looks like was a pretty we can safely good year for say that it Southern Nevada some signs ’s economy, of slowing growth. despite Unemployment in the Las Vegas-P aradise MSA October 2019, was 4.0 percent 0.4 points lower in than in October peaked in Souther 2018. Unempl n Nevada at oyment 14 percent region’s previou in January s low unemplo 2011. The yment rate 2019. The was 3.8 percent latest national in March unemployment in November figure was 2019, 0.2 points 3.5 percent lower than national labor in November force particip 2018. The ation rate 2019, a 0.2 was 63.2 percent percent decreas in November e from one year ago. From October 2018 to October 2019, employm Nevada increase ent in Souther d by 17,000 jobs to 1,039,40 n 2.0 percent 0 jobs. This annual growth. represented After adding employment 35,275 new growth slowed jobs in 2015, down in Souther the average n Nevada. Based number of jobs reported each on is showing month in 2019, 21,223 more this year jobs than in 2018.
Clark County Employment
Commercial Source: The
Year Ago
Occupancy
35.37 MM
2019)
2019)
(Q4 2019)
Center for Business
1,022.4
2019)
YTD (Jan-Oct
YTD (Jan-Sep
Data
2019)
YTD (Jan-Oct
Gaming Revenue Taxable Sales
Economic
(1000s) (Oct
Visitor Volume
& Economic
$8.56 BB $32.49 BB 93.3%
Research, UNLV;
Current 1,039.4 35.55 MM $8.63 BB $34.81 BB 93.7%
Colliers Internation
al
Photo from
In 2020, more than 700,000 square feet of office space is scheduled for completion, with 183,449 square feet of that space already under construction. Pre-leasing of this space is fairly strong, and thus
DOWNLOAD FULL REPORT
// COLLIERS INTERNATIONAL LAS VEGAS //
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Congrats! The Las Vegas office would like to congratulate the following Colliers team members for achieving new titles.
“We Are Proud To Have Each Of These Professionals In Our Colliers Family And We Are Looking Forward To Their Continued Success In 2020.” - Mike Mixer
Executive Managing Director
Angelina Scarcelli, CPM, CCIM Director of Operations | REMS Angelina has worked with Colliers in Las Vegas for the last seven years and is extremely active in the real estate community. She holds CPM and CCIM designations, and has worked extensively with Institute of Real Estate Management, Commercial Alliance Las Vegas, and CCIM. In 2019, Angelina was named CPM of the year and earned IREM Las Vegas’ Professional Achievement Award. This dedication also helped the Las Vegas REMS office gain recognition as Las Vegas AMO of the Year!
Jennifer Kennedy Senior Portfolio Manager Jennifer Kennedy has been promoted to Senior Portfolio Manager. A dedicated manager, Jennifer was instrumental in securing a large assignment with Invesco and has actively contributed to the continued growth of the Las Vegas portfolio. She is a native to the region and has worked with Colliers for more than 12 years. In her new role, she will provide leadership and guidance in day-to-day management operations and local team.
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// JANUARY 2020 //
Before the Golden Knights played the Los Angeles Kings at T-Mobile Arena on January 9th our team got together for a casual pregame event at Robert Irvine’s Public House at the Tropicana. We invited family, friends and clients to join us for some lite bites and beverages before the big game.
THANK YOU TO ALL WHO JOINED US!
WELCOME
TO COLLIERS INTERNATIONAL
Brianna Maldonado - Front Desk Coordinator Please join us in welcoming Brianna Maldonado to the Colliers Las Vegas office as Front Desk Coordinator. Brianna will be responsible for front desk operations which include: greeting clients, answering phones, facilitating the flow of property inquiries and mail correspondence. In addition, Brianna will be responsible for the coordination of company meetings and assisting brokers with general administrative tasks. Brianna is currently attending the College of Southern Nevada majoring in criminal justice and is working towards getting her PhD to become a criminal psychologist.
// COLLIERS INTERNATIONAL LAS VEGAS //
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Photo by Matthias Mullie on Unsplash
FEATURED LISTINGS Photo by Daniil Vnoutchkov on Unsplash
±38.56 Acres on Las Vegas Boulevard Michael Stuart and Mike Mixer, SIOR •
±38.56 acres on the World-Famous Las Vegas Strip
•
Zoning: MD Clark County
•
Bankruptcy Auction: Bid Deadline: April 30, 2020 Auction Date: May 19, 2020
320 East Warm Springs Road Chris Connell and Grant Traub, SIOR •
Grey shell condo office units ranging from ±2,434 to ±6,000 SF
•
Newly Renovated “Retro” designed buildings
•
Asking Price: $748,250 ($250 PSF)
2421 East Gowan Road Sam Newman and Pat Marsh, SIOR
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// JANUARY 2020 //
•
±15,000 SF industrial building
•
Newly renovated
•
Purchase Price: $1,875,000
1550 West Craig Road Stacy Shapiro, CCIM and Alexia Crowley, CCIM •
±2,000 SF—±16,622 SF contiguous grey shell medical office space with private balcony
•
Turn-key TI Allowances for qualified tenants on long-term leases
•
Lease Rate: $1.40 - $1.65/SF NNN
4601 Cheyenne Avenue Chris Lane, CCIM , Jerry Doty, Paul Sweetland, SIOR and Dan Doherty, SIOR •
±21,120 SF - ±63,360 SF available
•
M-1 (Clark County)
•
Lease Rate: $0.52-$0.57/SF NNN
5425 South Valley View Boulevard Brett Rather, Steve Neiger, CCIM and Chris Clifford
JANUARY FEATURED LISTINGS
•
±23,000 SF available for lease
•
Just under 5 football fields (450 yards) away from Allegiant Stadium and located within the stadium district
•
Prime Location for a Brewery/Brewpub
// COLLIERS INTERNATIONAL LAS VEGAS //
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IN THE NEWS
“40 Under 40 Alumni: Brian A. Riffel”
“Las Vegas’ Top 10 Real Estate Deals of 2019”
“HCA Pays $22M for Las Vegas MOB’’
VegasINC December 23
Las Vegas Review-Journal January 4
Commercial Property Executive January 13
READ MORE
READ MORE
FEBRUARY 2020
UPCOMING EVENTS
Mark your
calendar
CREW Luncheon
Monthly Retail Meeting
Monthly Investment Meeting
Noon – Lawrys February 11th
8:30am – Main Conference Room February 18th
9:00am – Main Conference Room February 25th
SIOR Luncheon
Sweets & Treats with REMS
Monthly Office Meeting
11:30am – Maggianos February 12th
2:00pm – Main Conference Room February 18th
9:00am – Main Conference Room February 26th
All You Need is Love and Pizza Party
CCIM Luncheon
Monthly Industrial Meeting
11:30am – Orleans Hotel & Casino February 19th
9:00am – Main Conference Room February 27th
NAIOP Breakfast
Birthday Celebration
7:30am – Orleans Hotel & Casino February 20th
2:30pm – Main Conference Room February 27th
Noon – Colliers Cafe February 14th
Presidents Day Holiday Office Closed February 17th
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READ MORE
// JANUARY 2020 //
2020 SALES AWARD TRIP
YOU MADE THE PLANE DAN DOHERTY, SIOR
TABER THILL, SIOR
MIKE MIXER, SIOR
PATTI DILLON, SIOR
SPENCER PINTER
DAN GLUHAICH
MIKE STUART
STACY SCHEER, CCIM
PAUL SWEETLAND, SIOR
CHRIS CONNELL
CHRIS CLIFFORD
GRANT TRAUB, SIOR
BRIAN RIFFEL, SIOR
SCOT MARKER
CHRIS BENTLEY
STEVEN HAYNES
DAVID GRANT
ALEX STANISIC*
JERRY DOTY CHRIS LANE, CCIM
*These brokers qualified for the plane in December
PAT MARSH, SIOR DEAN WILLMORE, SIOR
FRIDAY, MARCH 13 – TUESDAY, MARCH 17, 2020 MAUNA KEA BEACH RESORT, BIG ISLAND, HAWAII
Photo by Christian Joudrey on Unsplash
// COLLIERS INTERNATIONAL LAS VEGAS //
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FEATURED DEALS JANUARY 2020
Industrial Lease
A lease to AIK Consultants Corporation. The ±46,080 square foot industrial property is located in Sunrise Industrial Park #2 at 3101 North Marion Drive, Suite 107 in Las Vegas. Dan Doherty, SIOR, Paul Sweetland, SIOR, Chris Lane, CCIM and Jerry Doty of Colliers International represented the landlord, ICON PAC Nevada Owner Pool 3 Nevada, LLC.
Land Sale
A sale to State of Nevada Water LLC. The ±1.15 acre land parcel is located at the northeast corner of Sunset Road and Hualapai Way (APN: 163-31-401-005) in Las Vegas. The transaction amount was $2,000,000.00. Joe Bonifatto and Brian Fike of Colliers International represented the seller, Sunset Plaza LLC.
Industrial Sale
A sale to Rick Wood. The ±4,869 square foot industrial property is located at 161 North Gibson Road in Henderson. The transaction amount was $945,000.00. Brian Riffel, SIOR and Tyler Jones of Colliers International represented the seller, Baltic Avenue LLC.
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// JANUARY 2020 //
Office Sale
A sale to Bajan Ventures, LLC. The ±5,130 square foot office property is located in Palm Court Business Center at 6871 South Eastern Avenue in Las Vegas. The transaction amount was $1,050,000.00. Suzette LaGrange, CCIM and Kara Walker, CCIM of Colliers International represented the seller, Wey Investments, LLC.
Industrial Lease
A lease to Bellissimo Distribution, LLC. The ±30,000 square foot industrial property is located in Beltway Business Park (Bldg. 7) at 7055 South Decatur Boulevard, Suite 110 in Las Vegas. Spencer Pinter of Colliers International represented the tenant.
Land Sale
A sale to Sierra Holding Company, LLC. The ±3.5 acre land parcel is located at the Southeast corner of East Alexander Road and North 5th Street (APN: 139-11-101-001) in North Las Vegas. The transaction amount was $1,162,515.39. Dan Doherty, SIOR, Paul Sweetland, SIOR, Chris Lane, CCIM and Jerry Doty of Colliers International represented the seller, North Fifth Street Associates Limited Partnership.
JANUARY FEATURED DEALS
// COLLIERS INTERNATIONAL LAS VEGAS //
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OFFICE UPDATE ON TRACK FOR FALL 2020 LEARNING FROM OTHER COLLIERS OFFICES
True Heart of the Home – A central kitchen commons with different types of seating was introduced. It’s multi-purpose, designed to be used throughout the day, and serves as the primary connection point for team gatherings. This is not your typical break room!
WE HEAR YOU
BEST PRACTICES IN OFFICE DESIGN
Expressive design concepts that reflect Colliers unique culture and values
Sit to Stand for All – We introduced height-adjustable workstations for all employees A thoughtful transition from ‘me’ to ‘we’ spaces to foster collaboration and knowledge sharing
A Dynamic, Configurable Conference Room – by providing a conference room with demountable partitions, the team is able to host a variety of events and large team meetings.
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// JANUARY 2020 //
Introduction of new types of spaces to provide variety, balance and choice to ensure you have the ability to work where you work best
MAJOR MILESTONES: • • •
GROUNDBREAKING EVENT TO BE PLANNED FOR FEBRUARY
We are in the process of finalizing the layout of the new office Lease was signed in early November Burke Construction has been named the General Contractor for the project
Our focus group participants were asked to describe their ideal workplace:
Productive
accounted for 14% total responses
OFFICE CLOSE UP
|
Functional
|
Professional
Adaptable and multi-purpose spaces to ensure flexibility for the future
AMENITY SPACE RENDERINGS INDOOR/OUTDOOR SPACE
// COLLIERS INTERNATIONAL LAS VEGAS //
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LAS VEGAS BY THE NUMBERS DECEMBER 2019
OFFICE
OTHER
Broker Rankings YTD
3%
4%
RETAIL
9%
LAND
8%
DECEMBER PROPERTY TYPES
INDUSTRIAL
76%
Sales vs. Lease Revenue Sales 44%
Lease 56%
49% MONTHLY BUDGET 95% YTD BUDGET 18
// JANUARY 2020 //
1. Dan Doherty
26. Jeff Swinger
2. Mike Stuart
27. Alexia Crowley
3. Mike Mixer
28. Kara Walker
4. Paul Sweetland
29. Suzette Lagrange
5. Spencer Pinter
30. George Connor
6. Dean Willmore
31. Al Twainy
7. Chris Bentley
32. Brian Fike
8. Brian Riffel
33. Tom Naseef
9. Jerry Doty
34. Garry Cuff
10. Chris Lane
35. Tyler Jones
11. David Grant
36. Jennifer Lehr
12. Pat Marsh
37. Andrew Kilduff
13. Taber Thill
38. Sam Newman
14. Patti Dillon
39. Steve Neiger
15. Chris Clifford
40. Brett Rather
16. Grant Traub
41. Jeff Naseef
17. Dan Gluhaich
42. Joe Bonifatto
18. Chris Connell
43. Eric Molfetta
19. Scot Marker
44. Gabe Skerlich
20. Stacy Scheer
45. Rebecca Staniec
21. Steve Haynes
46. Chris Lobello
22. Alex Stanisic
47. Emmeline Bressler
23. Susan Borst
48. Amanda Irving
24. Keith Cubba
49. Patrick Baker
25. Mike Willmore
Photo by Wouter GV on Unsplash
52
Happy Anniversary December 2019 Anniversaries Steve Haynes
2014
5 Years
Congratulations!
BROKER OF THE MONTH
1
SPENCER PINTER EXECUTIVE VICE PRESIDENT, INDUSTRIAL LINKS FOR LIFE FOUNDATION WILL BE DONATING IN SPENCER’S NAME TO:
TOTAL DEALS FOR THE MONTH OF DECEMBER
TOP 10
DECEMBER 2019 SPENCER PINTER DAN DOHERTY JERRY DOTY CHRIS LANE PAUL SWEETLAND CHRIS CLIFFORD PAT MARSH
Inspirational Quote:
“Be always at war with your vices, at peace with your neighbours, and let each new year find you a ‘better man’.”
GRANT TRAUB CHRIS CONNELL DEAN WILLMORE
Benjamin Franklin // COLLIERS INTERNATIONAL LAS VEGAS //
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Photo by Erik Mclean on Unsplash
// LAS VEGAS INSIDER //
CARYL LOU PAAYAS JUNIOR MARKETING COORDINATOR
ICE BREAKERS
TIDBITS FROM PEOPLE YOU WORK WITH Where would you love to go on holiday? Peru
Which task or chore is least favorite? Laundry
Have you gone in to a room and forgotten why? Most likely
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// JANUARY 2020 //
GRAPHICS DEPARTMENT Caryl Lou is a Junior Marketing Coordinator working closely with Chris Sutton and Nicole Cauilan on property marketing which includes updating brochures and email campaigns for our brokers.
// REACH OUT TO THE LAS VEGAS OFFICE //
LAS VEGAS PHONE DIRECTORY INDUSTRIAL
LAND
Dan Doherty
+1 702 836 3707
Steven Haynes
+1 702 836 3727
Jerry Doty
+1 702 836 3735
Mike Stuart
+1 702 836 3739
Tyler Jones
+1 702 836 3754
Suzette LaGrange
+1 702 836 3799
Chris Lane
+1 702 836 3728
Pat Marsh
+1 702 836 3741
Sam Newman
+1 702 836 3724
Alyssa Parks
MEDICAL OFFICE Alexia Crowley
+1 702 836 3778
Stacy Shapiro
+1 702 836 3762
VALUATION SERVICES
HOTEL/RESORT
Richard Koldewyn
+1 702 836 3738
Heidi Meidenbauer
+1 702 836 3726
+1 702 836 3755
Evan Ranes
+1 702 836 3749
Spencer Pinter
+1 702 836 3776
Brandon Roper
+1 702 836 3734
Brian Riffel
+1 702 836 3773
Angel Vidal
+1 702 836 3775
Danielle Scarano
+1 702 836 3747
Alexander Stanisic +1 702 836 3742 Paul Sweetland
+1 702 836 3750
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
+1 702 836 3777
INVESTMENT SERVICES Patrick Baker
+1 702 836 3703
Joe Bonifatto
+1 702 836 3729
Brian Fike
+1 702 836 3744
Amanda Irving
+1 702 836 3732
Eric Molfetta
+1 702 836 3756
Gabriel Skerlich Grant Traub
+1 702 836 3708 +1 702 836 3789
PROPERTY MANAGEMENT Erica Aulino
+1 702 836 3745
Valerene Corbin
+1 702 836 3761
Jennifer Kennedy
+1 702 836 3772
Breanna Lara
+1 702 836 3753
Christine Norberg
+1 702 836 3704
Angelina Scarcelli
+1 702 836 3768
GOLF COURSE
Chris Connell
+1 702 836 3709
Patti Dillon
+1 702 836 3790
Keith Cubba
+1 702 836 3733
Andrew Kilduff
+1 702 836 3718
Megan McInerney
+1 702 836 3700
Rebecca Staniec
+1 702 836 3792
MULTI-FAMILY
Taber Thill
+1 702 836 3796
Christopher Bentley
+1 702 836 3779
Shalonda Hughes
+1 702 836 3765
Jeffrey Swinger
+1 702 836 3764
STAFF Nicole Cauilan
RETAIL 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
Scot Marker
+1 702 836 3782
Steve Neiger
+1 702 836 3760
Brett Rather
+1 702 836 3794
Al Twainy
+1 702 836 3725
+1 702 836 3706
Courtney Goffstein +1 702 836 3710 Sara Johansson
+1 702 836 3771
Gina Jones
+1 702 836 3783
Brianna Maldonado
+1 702 836 3701
Caryl Lou Paayas
+1 702 836 3702
Matt Stater
+1 702 836 3781
Chris Sutton
+1 702 836 3721
RECEIVERSHIP Christopher LoBello +1 702 836 3714
// COLLIERS INTERNATIONAL LAS VEGAS //
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JANUARY 2020
LAS VEGAS
INSIDER A COMMUNICATION FOR BROKERS, EMPLOYEES, COLLEAGUES AND FRIENDS
About Colliers International Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.
Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.