LAS VEGAS
INSIDER A COMMUNICATION FOR BROKERS, EMPLOYEES, COLLEAGUES AND FRIENDS
MARCH 2020
FACEBOOK.COM/COLLIERSLV
TWITTER.COM/COLLIERS_LV
TABL E OF C ONT ENTS
4
WHO HAS THE YIELD?
14
BROKER SALES TRIP
6
TOP 5 TIPS
16
FEATURED DEALS
8
WELCOME TO COLLIERS
19
INNOVATIVE VIRTUAL SOLUTIONS
9
NEW OFFICE UPDATE
20
BY THE NUMBERS
10
MILEMARKER 2020 TRIP
22
ICEBREAKER
11
IN THE NEWS
23
DIRECTORY
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FEATURED LISTINGS
Photo by Kenny Luo on Unsplash
FUN FACT: A sheep, a duck and a chicken were the first passengers aboard a hot air balloon. They survived the very first hot air balloon flight, which lasted about eight minutes.
WHO HAS
THE YIELD? By John Matt Stater
Among the other pieces of data I collect is the annual increase in value of properties sold in Southern Nevada, when that property is a re-trade and when I have access to information from the previous sale.
In essence, you divide the new sale price by
buyer who was able to re-sell the property at
the old sale price, adjust for inflation, and divide
a much higher value. What this number does
by the number of years the property was held
not indicate is that property values in Southern
– not terribly useful for understanding how
Nevada have exploded over the past two years.
well a particular property has performed over the years, but useful in aggregate for gauging
With longer holds, you see variations in the
how property values in Southern Nevada are
strategies employed by the property sellers.
holding up.
Properties held for between three and five years saw about half as much of an increase in value
4
The first thing that leaps out at you is the impact
as those held for a shorter term, and likely for
of different sale strategies on the way properties
much the same reason. The original buyers saw
perform. A property held for one or two years
a good deal with lots of upside, and guided their
is usually a property that is being “flipped�, for
investment to a higher value, probably through
lack of a better term. These properties show a
renovations and filling empty units. Note that in
big increase in value, probably because they
the 3-5 year hold category, industrial properties
were purchased at a very low price by a shrewd
have significantly outperformed office and retail
// MARCH 2020 //
The table below collects the average increase in property values for industrial, office and retail properties based on four time periods over which the property was held before re-sale: % Annual Increase in Value, 2019 Sales
YEAR
INDUSTRIAL
OFFICE
RETAIL
ALL
1-2 YEAR HOLD
32.0%
33.6%
36.0%
33.4%
3-5 YEAR HOLD
26.7%
10.3%
6.9%
17.1%
6-10 YEAR HOLD
15.1%
3.8%
12.8%
11.5%
11-20 YEAR HOLD
0.7%
-0.1%
0.6%
0.4%
properties. Industrial properties are the hot item
Finally, we have properties that were last
these days, so buyers in 2019 were willing to
sold 11 to 20 years ago. Most of these figures
pay more to acquire them.
represent owner/user sales, and show the most commercial properties have held their value over
In the six to ten year-hold category, we are
the past 20 years, with the weakest performance
dealing with properties that were purchased in
being by the aforementioned office properties.
the aftermath of the Great Recession, or during
This is to be expected. Barring extraordinary
the earliest years of recovery. The increase in
circumstances, in the long term most properties
values is pretty strong for industrial and retail
– residential as well as commercial – merely
properties, as those segments of the market
hold their value, rather than
have seen the strongest recovery in terms of
increasing dramatically
vacancy rates and lease rates. Office properties
in value.
have had a less impressive recovery over the past decade, and this shows in their less impressive annual increase in value.
// COLLIERS INTERNATIONAL LAS VEGAS //
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HO M E Q UA R ANT INE G UI DANC E
TRACKING COVID-19
IN THE SILVER STATE
With The Number Of Coronavirus Cases In The Silver State On The Rise, The Nevada Independent Will Be Keeping You Up To Date On The Latest Live Blog Updates.
6
STAY U P TO DAT E . R E A D M O R E T H E L I V E STATS .
// MARCH 2020 //
TOP 5 TIPS HOW TO GET MORE DONE WHILE WORKING FROM HOME STICK WITH YOUR ROUTINES As much as possible, try to regain a sense of normalcy by sticking with your set routines that work for you already.
SET YOUR HOURS Decide when you’re going to work and not work, stick with those hours as much as possible, and communicate them to the other people living in your home.
CLARIFY WORK AND NONWORK ACTIVITIES
PICK YOUR OFFICE SPACE
Segment out what home or personal tasks you won’t do when you are in your work hours; that way you don’t spend half the day tidying the house and neglecting key tasks.
Get comfortable with this updated setting and put yourself in the mindset,
“
“WORK MODE.
When I’m in this place, I’m in
SEEK OUT SOCIAL INTERACTION Make sure that each day, you’re getting some type of “people connection.” This may look like holding a virtual meeting, jumping on a phone call, or sending a friend a text. We are not meant to go through hard periods like these alone. // COLLIERS INTERNATIONAL LAS VEGAS //
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Welcome
TO COLLIERS INTERNATIONAL
Please join us in welcoming Gabe Telles, Chase Pavlov and Ryan Hendershot to the Colliers Las Vegas Industrial Division.
GABE TELLES - VICE PRESIDENT Gabe is a 23 year veteran of the commercial real estate industry, specializing in Industrial Landlord, Tenant and Investment Representation. Gabe’s more than two decades of experience has enabled him to gain a deep understanding of leasing, sale and investment analysis working for companies such as CBRE, Colliers and Harsch Investment Properties. Gabe has spent the last 5 years at Gatski Commercial, where he worked as Managing Director of Brokerage and then chose to head his own industrial team. Born and raised in Las Vegas, NV. Gabe graduated from the University of Nevada, Reno where he was an Academic All-American in Division I Baseball. Gabe is married to his college sweetheart, Tina, and has a son attending the University of Nevada, Reno and a daughter attending Bishop Gorman High School. In his free time, he enjoys grilling, being outdoors, exercising, riding roller coasters and time with family and friends.
CHASE PAVLOV - ASSOCIATE Chase joins Gabe Telles’ industrial team, as an Associate, where he will continue to specialize in industrial landlord and tenant representation. Chase is a graduate of the University of Nevada, Reno with a major in Business Management. Upon graduating, he began his commercial real estate career at Gatski Commercial. Chase has spent the last two years marketing and leasing close to two million square feet of industrial listings. Chase is excited for the opportunity to join Colliers International’s global firm. His passion for real estate as well as his strong work ethic will be a great addition to the team. He looks forward to being surrounded by some of the best and brightest in the industry. In his free time, he enjoys golfing, exercising, and skiing.
RYAN HENDERSHOT - ASSOCIATE Ryan joins Gabe Telles’ industrial team, as an Associate, where he will specialize in Industrial Landlord and Tenant Representation. Ryan graduated from University of Nevada, Reno with a double major in Finance and Economics. Upon graduating, he began his commercial real estate career in Los Angeles where he worked for 3 years. After gaining much commercial real estate knowledge and fine-tuning his cold-calling skills, he decided to move to Las Vegas to pursue an opportunity with Colliers International. Ryan’s long-term goal is to be a successful broker and grow his own portfolio of real estate. His dedication and passion for real estate brings great energy to the team.In his free time, he enjoys being outdoors, exercising, golfing, snowboardingand cars.
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// MARCH 2020 //
NEW OFFICE
UPDATE MILESTONES
Detail of Entry, Amenity Space, Central Kitchen & Large Conference Room
• Design Development is complete • Furniture Dealer has been selected – Henriksen Butler • Construction Documents are underway A palette of finishes has been narrowed down to complete our aesthetic. Photo provided by Burke Construction Group
FOOTING LAYOUT OF THE BUILDING TO BEGIN OVER NEXT TWO WEEKS
LAS VEGAS STRIP
GROUND WORK IN PROGRESS
// COLLIERS INTERNATIONAL LAS VEGAS //
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Congratulations to Mike
Stuart, Chris Lane, Paul Sweetland and Jerry Doty for qualifying for the trip this year.
MILEMARKER 2020 TRIP A few of our team members were invited to join the Matter Real Estate MileMarker trip for having completed a transaction with Matter in 2019. This year’s trip took the team to La Paz, Mexico for a stay in a private resort/beach, a day on a private yacht, snorkeling with whale sharks and sea lions and an adventure sandboarding down the dunes of El Mogote.
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// MARCH 2020 //
COLLIERS IN THE NEWS
“Las Vegas Multifamily Lags Behind Prior Peak” GlobeSt.com - Feb. 21 READ MORE
WHO MADE THE PLANE
2020 SALES AWARD TRIP MARCH 5–9, 2021
FAIRMONT KEA LANI IN MAUI
- DAN DOHERTY
“Senior Vice President Chris Connell of Colliers International | Las Vegas Receives SIOR Designation”
CONGRATULATIONS AND WELCOME ABOARD!
Nevada Business Magazine - Feb. 25 READ MORE
“Speculative office construction picks up in Las Vegas’’
DAN DOHERTY
Las Vegas Business Press - March 11 READ MORE
// COLLIERS INTERNATIONAL LAS VEGAS //
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Photo by Matthias Mullie on Unsplash
FEATURED LISTINGS Photo by Alive Coverage Photo by Alive Coverage/Sipa USA/AP Images
Photo by Alive Coverage/Sipa USA/AP Images Photo by Marina Monroe from Pexels
Matter Business Park @ Warm Springs Dan Doherty, SIOR, Paul Sweetland, SIOR, Chris Lane, CCIM, and Jerry Doty •
Condo units from ±6,000 – ±12,878 SF Available
•
Rare oppourtunity to buy in the desired Southwest submarket
•
Less than 1 mile from I-215 and 3 miles from I-15
±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
City Centre Place Downtown Las Vegas Patti Dillon, SIOR, Taber Thill, SIOR, and Megan McInerney
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// MARCH 2020 //
•
Suites ranging from ±1,800 – ±13,200 SF available
•
Strategically located in a premier Downtown Las Vegas location
•
Innovative design and superior construction within a cutting edge “Class A” office environment
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
4545 Cameron Street Spencer Pinter •
±100,392 total SF on ±4.90 acres with up to ±35,644 SF available
•
Dock & grade level loading
•
Freeway access via Tropicana & I-15
Stephanie Industrial Park Eric Molfetta, MBA and Amanda Irving
MARCH FEATURED LISTINGS
•
7 buildings totaling ±70,814 square feet
•
Industrial metal buildings
•
East Las Vegas Industrial Market
// COLLIERS INTERNATIONAL LAS VEGAS //
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28
OF OUR BROKERS VISITED THE BIG ISLAND OF HAWAII FOR A FUN FILLED WEEKEND AT THE MAUNA KEA BEACH RESORT WITH THEIR SPOUSES AND FAMILIES.
Broker Sales Trip M A U N A K E A B E AC H R E S O R T / / M A R C H 5 TH- 9 TH, 2 0 2 1
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// MARCH 2020 //
Next year’s sale’s trip we’ll be heading to the Fairmont Kea Lani in Maui from March 5th-9th, 2021.
Passover Begins
Birthday Celebration
April 9th
2:30pm – Main Conference Room April 23rd
* Monthly Investment Meeting April 12
9:00am – April 28th Conference Call - DIAL IN
Broker Meeting
Monthly Industrial Meeting
9:00am – April 15th Video Conference Call
9:00am – April 30th Call in: 712 770 4703 Access code: 121737
th
* Monthly Retail Meeting
2020
8:30am – April 21st Conference Call - DIAL IN
NUMBER: * DIAL-IN 866 537 5452 CONFERENCE CODE:
* Monthly Office Meeting
1957711
9:00am – April 22 Conference Call - DIAL IN nd
MARK YOUR CALENDAR
// COLLIERS INTERNATIONAL LAS VEGAS //
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FEATURED DEALS MARCH 2020
Photo by JESHOOTS.COM on Unsplash
Industrial Lease A lease to Standard Fiber, LLC. The ±30,410 square foot industrial property is located in Arroyo South Business Center (Phase II) at 6625 Arroyo Springs Street, Suite 100 in Las Vegas. Spencer Pinter of Colliers International represented the landlord, EJM Arroyo South II Property, LLC and the tenant.
Office Lease A lease to Westwood Professional Office. The ±36,251 square foot office property is located in Beltway Business Park at 5725 Badura Avenue in Las Vegas. Brian Riffel, SIOR and Tyler Jones of Colliers International represented the tenant.
Retail Sale A sale to Antonio Melgarejo Mendoza. The ±2,160 square foot retail property is located at 3414 East Sahara Avenue (Loan Max) in Las Vegas. The transaction amount was $710,000.00. Dan Gluhaich of Colliers International Las Vegas represented the seller, Orchard Creek Properties, LLC.
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// MARCH 2020 //
Industrial Sale A sale of Henderson Interchange Center. The ±130,842 square foot industrial property is located at 860 Wigwam Parkway in Henderson. The transaction amount was $19,000,000.00. Dan Doherty, SIOR, Chris Lane, CCIM, Paul Sweetland, SIOR and Jerry Doty of Colliers International represented the Seller, Henderson Interchange Center, LLC.
Office Sale A sale to Brettanne Properties, LLC. The ±5,186 square foot office property is located in Palm Court, Building 8 at 6871 South Eastern Avenue, Suites 101/102 in Las Vegas. The transaction amount was $1,040,000.00. Suzette LaGrange, CCIM and Kara Walker, CCIM of Colliers International represented the seller, Wey Investments, LLC.
Land Sale A sale to Mosaic 7, LLC. The ±2.5 acres of vacant land is located on the southeast corner of Batista Lane and Mullen Avenue (APN: 191-10-401-011) in Henderson. The transaction amount was $825,000.00. Brian Fike of Colliers International represented the seller, Larsen Lane/Batista Lane/SPE Etal.
MARCH FEATURED DEALS
// COLLIERS INTERNATIONAL LAS VEGAS //
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DESIGNEES Colliers International Las Vegas received multiple awards in the CoStar Group Inc.’s Power Broker Awards where professionals and firms are recognized for closing the
ERICA AULINO, ACoM
BREANNA LARA, ACoM
highest transaction volume in commercial real estate deals and leads in their markets.
Erica Aulino and Breanna Lara, earned their Accredited Commercial Manager (ACoM) certificate from the Institute of Real Estate Management, an international association for the advancement of real estate management. Erica and Breanna, both in the property
CoStar Group Inc., the data and analytics leader of the commercial real estate industry, recognized Colliers International Las Vegas as a Top Leasing Firm And Top Sales Firm in Las Vegas. Dean Willmore, SIOR,
management division at Colliers, successfully
Executive Vice President
completed several courses that cover the
at Colliers International
fundamentals of commercial property management
Las Vegas, has also been
and ethics to obtain the ACoM certification.
named as a Top Industrial Leasing Broker.
“On behalf of the Colliers team, we congratulate Erica and Breanna for obtaining this certification. I’m proud that our team consistently participates in programs that foster professional development in our industry.” Mike Mixer, Executive Managing Director at Colliers International Las Vegas
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// MARCH 2020 //
“These awards are a testament to the hard work and dedication each broker and team member devotes to our office.” Mike Mixer, Executive Managing Director at Colliers International Las Vegas
INNOVATIVE VIRTUAL SOLUTIONS AT COLLIERS, IT’S NOT WHAT WE DO, BUT HOW WE DO IT. We utilize top-tier digital platforms that accelerate the success of our professionals by engaging audiences, emboldening them to transact.
VIRTUAL MARKETING AND COLLABORATIVE TOOLS As we invest in relationships to maintain enduring value, our goal is to ensure an effective and streamlined transaction process for our clients. By employing interactive digital tools, we can provide our exceptional service and expertise to remote audiences. Leveraging our relationships with key digital providers, we have sourced reliable platforms that are equipped to help you achieve the optimal result for your business.
PROPERTY MARKETING VIRTUAL TOOLS
With a user-friendly interface, you can easily create and virtually walk through a 3D floor plan with your clients – all within an hour. Learn More
Using any device, curate an interactive digital experience that captures all aspects of a site using their premium 3D floor plans. Learn More
Create an accurate 3D “digital twin” of your space, with the option to get an automatically generated video tour to showcase the property. Learn More
Provides quick and reliable mapping and data collection from the air, featuring actionable and insightful Roof Reports.
Learn More
COLLABORATIVE TOOLS Project Rooms
An enterprising clientfacing experience, this Colliers-branded interface enables you to easily share and organize files while providing a centralized chat history with stakeholders. Learn More
Integrated with Office 365, this collaborative hub allows you to efficiently chat, host video meetings, store files and use other tools with your own internal teams – all in one place. Learn More
For more information visit: myColliers
Allows you to host a video or audio conference, featuring HD video, smart messaging, offline calls, live subtitles and encrypted private conversations.
Learn More
Easily connect with colleagues and clients by hosting a remote video or audio conference, meeting webinar or chat from any desktop, mobile device or conference room.
Learn More
19
#BECollaborative // COLLIERS INTERNATIONAL LAS VEGAS //
LAS VEGAS BY THE NUMBERS FEBRUARY 2020 OTHER
12%
5%
FEBRUARY PROPERTY TYPES
RETAIL
28%
Broker Rankings YTD
OFFICE
INDUSTRIAL
44%
LAND
11%
Sales vs. Lease Revenue 64% - Sales
36% - Lease
96% MONTHLY BUDGET 11% YTD BUDGET 20
// MARCH 2020 //
1. Dan Doherty
23. Steve Neiger
2. Paul Sweetland
24. Brett Rather
3. David Grant
25. Joe Bonifatto
4. Chris Clifford
26. Kara Walker
5. Spencer Pinter
27. Suzette Lagrange
6. Jerry Doty
28. Mike Mixer
7. Chris Lane
29. Tyler Jones
8. Brian Riffel
30. Al Twainy
9. Dean Willmore
31. Jennifer Lehr
10. Taber Thill
32. Dan Gluhaich
11. Patti Dillon
33. Patrick Baker
12. George Connor
34. Sam Newman
13. Pat Marsh
35. Keith Cubba
14. Gabe Skerlich
36. Chris Bentley
15. Grant Traub
37. Stacy Shapiro
16. Brian Fike
38. Steve Haynes
17. Eric Molfetta
39. Jeff Swinger
18. Chris Connell
40. Alexia Crowley
19. Mike Stuart
41. Andrew Kilduff
20. Alex Stanisic
42. Rebecca Staniec
21. Scot Marker
43. Chris Lobello
22. Mike Willmore
44. Amanda Irving
Photo by Alive Coverage/Sipa USA/AP Images
Congratulations!
1
TOP 10
BROKER OF THE MONTH
FEBRUARY 2020
DAVID GRANT
DAVID GRANT
SENIOR VICE PRESIDENT, RETAIL DIVISION
CHRIS CLIFFORD
LINKS FOR LIFE WILL BE MAKING A DONATION
DAN DOHERTY
IN DAVID’S NAME TO ST JUDE’S CHILDREN’S
BRIAN RIFFEL
RESEARCH HOSPITAL.
SPENCER PINTER PAUL SWEETLAND
Inspirational Quote:
DEAN WILLMORE
“I’m a great believer in luck, and I find the harder I work, the more luck I have.” Thomas Jefferson
GEORGE CONNOR PAT MARSH JERRY DOTY CHRIS LANE
Happy Anniversary February 2020 Anniversaries Kara Walker
2015
5 Years
Richard Koldewyn
2018
2 Years
51
TOTAL DEALS FOR THE MONTH OF FEBRUARY
// COLLIERS INTERNATIONAL LAS VEGAS //
21
// LAS VEGAS INSIDER //
Photo by Steve Halama on Unsplash
BRIANNA MALDONADO FRONT DESK COORDINATOR
ICE BREAKERS
TIDBITS FROM PEOPLE YOU WORK WITH What is your biggest fear? Deep water
How many pillows do you sleep with? 5
If money was no object, what would you do all day? Go to school
List two pet peeves. 1. Loud chewers 2. Staring
22
// MARCH 2020 //
Brianna is responsible for front desk operations which include: greeting clients, answering phones, facilitating the flow of property inquiries and mail correspondence. Brianna is responsible for the coordination of company meetings and assisting brokers with general administrative tasks.
// 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
Ryan Hendershot
+1 702 836 3751
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
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 3724
Evan Ranes
+1 702 836 3749
Alyssa Parks
+1 702 836 3755
Brandon Roper
+1 702 836 3734
Chase Pavlov
+1 702 836 3731
Angel Vidal
+1 702 836 3775
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
Mike Mixer
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
Chris Connell
+1 702 836 3709
Patti Dillon
+1 702 836 3790
Andrew Kilduff
+1 702 836 3718
Megan McInerney
+1 702 836 3700
Rebecca Staniec
+1 702 836 3792
Taber Thill
+1 702 836 3796
+1 702 836 3789
+1 702 836 3746
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
+1 702 836 3733
STAFF Nicole Cauilan
+1 702 836 3706
Courtney Goffstein +1 702 836 3710
MULTI-FAMILY Christopher Bentley
+1 702 836 3779
Shalonda Hughes
+1 702 836 3765
Jeffrey Swinger
+1 702 836 3764
RETAIL Chris Clifford
PROPERTY MANAGEMENT
GOLF COURSE Keith Cubba
OFFICE
+1 702 836 3777
George Connor
+1 702 836 3786
RECEIVERSHIP
Dan Gluhaich
+1 702 836 3757
Christopher LoBello +1 702 836 3714
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
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
// COLLIERS INTERNATIONAL LAS VEGAS //
23
MARCH 2020
LAS VEGAS
INSIDER A COMMUNICATION FOR BROKERS, EMPLOYEES, COLLEAGUES AND FRIENDS
About Colliers International Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment.
Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers or LinkedIn.