Accelerating success.
LAS VEGAS
N I SIDER
A COMMUNICATION FOR BROKERS, EMPLOYEES, COLLEAGUES AND FRIENDS
JANUARY 2021
When tourists are prepared to travel again, Las Vegas will be ready. The first signs of widespread tourist demand returning for Las Vegas aren’t quite visible, but several experts who track visitation trends say they’re ready to bubble up this year. READ MORE
Change the way you look at things and the things you look at change.
-Wayne W. Dyer
4
LV Research – Mixed News
16
Inside Look Into E-Commerce
8
Featured Listings
18
Upcoming February Calendar
10
Las Vegas In The News
20
Las Vegas By The Numbers
12
Q4 2020 Research Summary
22
Knowlege Leader Features
14
Featured Deals
23
Las Vegas Directory
Own the Blue.
New year. New look . Coming soon.
L A S VEGA S RESE ARCH
Mixed News at the End of a Challenging Year. John Matt Stater Research & GIS Manager, SW Las Vegas john.stater@colliers.com
Southern Nevada’s economy took a major hit in 2020 with the closure of its retail and hospitality sectors. Prior to the Great Recession, Southern Nevada’s economy depended primarily on hospitality and construction. The nature of the Great Recession and its housing collapse went a long way to knocking one pillar of the local economy, construction, out from under it. Fortunately, the hospitality sector roared back to
JANUARY 2021
life and helped the Valley continue
4
to thrive. Now, pillar number two has been knocked out from under Southern Nevada’s economy, if only temporarily.
ONE ELEMENT OF THE HOSPITALITY
Strong net absorption for industrial product,
RECOVERY IS IN PROGRESS, NAMELY THE
however, does not tell the full stor y. Not including
RE-OPENING OF SEVER AL PROPERTIES.
warehouse/distribution buildings, the industrial market saw 524,04 4 square feet of net absorption
Two more elements must occur to kick Southern
in 2020, compared to 1,14 4,649 square feet of
Nevada’s economy recovery into high gear – the
net absorption in 2019. Warehouse/distribution
return of nervous and pandemic-weary travelers
buildings, on the other hand, saw net absorption
to those re-opened properties, and the return
increase from 3.7 million square feet in 2019
of the Valley ’s lucrative convention business.
to almost 6 million square feet in 2020. While
Visitor volume remains low, but is improving.
the warehouse/distribution market doubled its
2021 should see the return of conventions to
demand, demand was halved in other product
the Valley, though at what capacit y and what
t ypes. This corresponds to the way dif ferent
attendance is yet unknown. We expect the
industries have been impacted by business
recover y to continue in 2021, but are not betting
closures and the lack of tourism to Southern
on that recover y being swif t.
Nevada in 2020. Hopefully, the economy will reopen more fully in 2021, and these divisions will
The high expectations for 2020 were cast into
be erased. This ultimately depends on government
doubt in March, when business closures were
mandates and the willingness of people to follow
ordered due to COVID-19. Nine months later, some
them. Since people are dif ficult to predict, the
confusion still remains. Employment remains down
rapidit y of recover y for the industrial market as a
year-over-year in most industries in Southern
whole, and for the industrial subt ypes individually,
Nevada, including those industries most closely
is hard to know. We think that the industrial
tied to industrial real estate, but net absorption
market will improve in 2021, even if we do not
remained strong in 2020 compared to earlier years,
know the rapidit y of that improvement.
besting 2019’s net absorption, and coming in only 1 million square feet lower than the record net
WHEN BUSINESSES WERE ORDERED CLOSED
absorption set in 2017.
IN MARCH, IT APPEARED THAT BRICK-ANDMORTAL RETAIL WAS STARING DOWN THE BARREL OF A LOADED GUN. By December, Southern Nevada retail had
Visitor volume remains low, but
experienced only t wo quar ters of relatively mild
is improving. 2021 should see the
negative net absorption, a negligible increase
return of conventions to the Valley,
in vacanc y and ver y stable asking rental rates
though at what capacity and what attendance is yet unknown.
suggests that there’s more life in brick-andmor tar than most people thought even before the COVID-19 pandemic. Continued on page 6
COLLIERS INTERNATIONAL LAS VEGAS
5
RESTAUR ANTS CONTINUE TO BE THE
alleviate restrictions by mid-year 2021. One
RETAILERS MOST CHALLENGED
key to recover y, though, remains questionable
BY THE GOVERNMENT’S IMPOSED
– conventions. Convention attendees are
BUSINESS RESTRICTIONS.
impor tant to mid-week visitation, and without them hospitalit y proper ties and their employees
We think the retail market will per form
will continue to struggle. We think the hospitalit y
relatively well in 2021, possibly exceeding
sector will continue to improve in 2021, though it
2020’s per formance, provided we suf fer no
is unlikely that it will have recovered completely
new catastrophes occur and Southern Nevada’s
by the end of that year. As the proper ties
hospitalit y market continues to improve
recover, interest by buyers in those proper ties
and rehire the many people that lost their
will also recover.
employment in 2020.
WITH THREE QUARTERS OF POST-BUSINESS While land sales in 2020 were down from 2019,
CLOSURE ACTIVITY UNDER OUR BELT, WE
they were not down so severely as to suggest
CAN NOW REPORT THAT YES, INDEED, THE
the pandemic and business closures had an
OFFICE MARKET IS HAVING A TOUGH TIME.
impact on them. Sales in 2020 were roughly in line with sales in 2019, and were generally
Net absorption has been negative for t wo
healthier than during the period from 2013
quar ters, and net absorption was negative for
to 2017. Development, especially of industrial
2020 as a whole, the first year since 2011 that the
buildings and residential units, continues at
market has suf fered negative net absorption for
a strong pace, and should therefore continue
the year. On the plus side, demand increased in
to drive investment in land. We think 2021 will
the four th quar ter over the third, and thus might
see improved sales over 2020,
be on the path to positive net absorption in 2021.
provided the economy cooperates.
In the early stages of the pandemic and business closures, many pointed to dramatic changes
It looks as though
ahead for of fice space. While we will cer tainly
the worst is over for
see changes in 2021, especially for upscale, Class
Southern Nevada’s hospitalit y sector,
JANUARY 2021
although that is not to say
6
A of fice users that can af ford higher rents, it remains to be seen whether other of fice users will change their needs dramatically. Repor ts on
that tough times are not ahead. The industr y
productivit y and employee satisfaction outside
has a significant amount of recover y ahead of
the of fice environment var y widely, and new
it, and continued restrictions on the proper ties,
information on COVID-19 and the existence of
especially in regards to dining will not make
a vaccine are keeping the cr ystal ball hazy as to
the recover y any easier. The introduction of a vaccine is good news, and will hopefully
how of fice needs will actually change, rather than theoretically change. For now, we think demand for of fice space will improve in 2021, though negative net absorption may continue in the first half of the year.
THE CONVENTIONAL WISDOM IN MARCH THAT A MAJOR PANDEMIC WOULD BE “GOOD FOR BUSINESS” FOR THE HEALTHCARE SECTOR WAS QUICKLY PROVED WRONG. Bet ween March and April, 12,700 workers in the healthcare and social assistance industr y lost their jobs. For tunately, the reversal of business closures has brought people back to dentists, doctors and surgeons for treatment, and job losses since March now
Accelerating success.
20 20 WR AP-UP
amount to only 2,500 jobs. It took until the four th quar ter for net absorption of medical of fice space to turn negative, though net absorption had been trending down since the first quar ter of 2020. If healthcare operations can remain open, the net absorption trend should begin to reverse itself in early 2021.
COLLIERS INTERNATIONAL LAS VEGAS
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Featured Listings
6175 West Sunset Road Taber Thill, SIOR, Patti Dillon, SIOR, Megan McInerney •
±11,837 SF - ±23,721 SF Available for Sale or Lease
•
Brand new, state-of-the-art, office space located in the highly desirable southwest Las Vegas Submarket
•
Lease Rate: $2.45 PSF/MO
1965 Pama Lane Brian Riffel, SIOR and Tyler Jones •
±29,500 SF Freestanding Distribution Property for Sale or Lease
•
±2,500 SF of two-story office with new paint and carpet
•
Sale Price: $5,900,000 / Lease Rate: $0.87 PSF NNN / $0.14 PSF CAMS
6105 South Fort Apache Road
JANUARY 2021
Scot Marker
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•
±34,432 SF Multi-tenant retail strip center for lease
•
The property enjoys nearly 650 linear feet of frontage along South Fort Apache Road
•
Competitive Rates: NNN at $0.41/SF
2901 S. Highland Drive Gabe Telles, Chase Pavlov and Ryan Henderson •
±14,400 SF Warehouse/Office Space For Lease
•
5% commission to All Procuring Brokers
•
Lease Rate: $0.59 PSF/Mo
5050 Steptoe Street, Building C Dean Willmore, SIOR, Alex Stanisic and Mike Willmore •
±33,330 SF Industrial Building For Sale
•
Zoned M-D (Clark County Light Industrial)
•
Sale Price: $3,250,000.00 ($97.51/SF)
4626 S. Maryland Parkway Steve Neiger, CCIM, Chris Clifford, Brett Rather •
±1,590 SF turn-key restaurant space available for lease
•
Directly across the UNLV Student Union and main UNLV campus
•
Lease Rate: $2.75 PSF/MO, Plus $0.45 PSF/Mo NNN
COLLIERS INTERNATIONAL LAS VEGAS
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LV
In the news. Colliers International Las Vegas announced Mike Mixer, SIOR promoted to Chairman January 18 – VegasInc Investment firm pays $50M for shopping plaza near Summerlin January 23 – Las Vegas Review-Journal
NEED PRESS?
Get the news out! Reach out and let us know the good news. New listings, properties just sold/leased,
Las Vegas Gaming: The Ugly, the Bad and the Good by Mike Mixer January 26 – REBusiness Online Colliers International Las Vegas releases Q4 Market Research Report January 28 – creconfidential.com
team news, etc! Help us, help you.
Tourism lag affecting other sectors of Las Vegas economy , report indicates January 28 – KLAS 8 News Now
JANUARY 2021
Welcome.
10
Join us in welcoming our newest face to the Las Vegas office.
$
26,250 Donated
LINKS FOR LIFE FOUNDATION LAS VEGAS Even while enduring challenges presented by the pandemic in 2020, Colliers Las Vegas stayed committed to its philanthropic efforts in the community - a core value woven throughout every fabric of the firm. READ MORE
Retailers Breaking into the Healthcare World Looking back over the last year, it’s hard to ignore the multiple shifts that occurred in healthcare – many were underway before the onset of the pandemic but were accelerated under the conditions of quarantine. The pivot to virtual care necessitated the growth of telehealth offerings and sweeping patient information digitization. Of course, 2020 also saw
U.S. Economy 2020 in Review and Outlook for 2021 Describing 2020 as a turbulent year for the U.S. economy would be an understatement. In this article we look
quite a few notable mergers and
at the damage to the U.S. economy
launches across the healthcare industry.
wrought by the global pandemic, the subsequent rebound, the current trends as 2020 draws to a close and the outlook for 2021. A series of key economic indicators that impact commercial real estate are examined including GDP,
Podcast: Resilient Retail To kick the year off on an inspiring and refreshing note, Anjee connected with Shopify‘s Kristen LaFrance for an episode chock-full of insights, creativity and energy with the “official mayor of DTC Twitter.”
employment, consumer spending, business activity, trade and inflation. In addition, we comment on the potential impact of the latest coronavirus emergency relief package.
READ MORE
COLLIERS INTERNATIONAL LAS VEGAS
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Q4 Las Vegas Market Research Report
The Upward Climb. Lack of mid-week visitation and conventions are holding the Valley’s recovery back. Southern Nevada’s pandemic-battered economy started to recover in May through June, when business closures were eased, especially in the hospitality sector. Unfortunately, continued low visitor volume, caused in part by a lack of convention business, has hampered that nascent recovery. Unemployment in the Las Vegas-Paradise MSA was 11.5 percent in November 2020, 7.9 points higher than in November 2019, and down 22.5 points from the high of 34 percent recorded in April. During the Great Recession, unemployment peaked at 14 percent in Southern Nevada. The latest national unemployment figure was 6.7 percent in November 2020, 3.2 points higher than JANUARY 2021
in November 2019. The national labor force participation rate was 61.5 percent in November
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2020, a 1.7 percent decrease from one year ago. John Matt Stater Research & GIS Manager, SW Las Vegas john.stater@colliers.com
Las Vegas Updates.
RE AD MORE
RE AD MORE
RE AD MORE
BOUNCING BACK FROM THE PANDEMIC
VEGAS LOOP PROJECT FOR TOURIST TRANSPORT
LAS VEGAS GAMING: UGLY, BAD & GOOD
LAS VEGAS MAKING NEWS
STREAMLINE TRANSPORTATION
LAS VEGAS MAKING GAINS
Three facts that bode well for the bounce
With this underground tunnel , the tycoon
A healthy Las Vegas Strip means a
back of Las Vegas
seeks to revolutionize tourist transport
healthy real estate market.
Federal mask mandates unlikely to affect Las Vegas tourism much. While new mandates could be key to opening international travel, local tourism and health experts don’t expect the order to have much of an impact on Las Vegas’ tourism rates or COVID-19 case counts.
COLLIERS INTERNATIONAL LAS VEGAS
13
January 2020
Featured Deals Industrial Sale A sale to Cheyenne Clayton DRI, LLC. The ±39.33 acre land parcel is located near Cheyenne Avenue and Clayton Street (APN: 139-17-502-001) in Las Vegas. The transaction amount was $8,719,623.00. Dan Doherty, SIOR, Paul Sweetland, SIOR, Chris Lane, SIOR, CCIM and Jerry Doty, SIOR of Colliers International represented the buyer.
Retail Lease A lease to CJ’s Goods, LLC. The ±1,116 square foot retail property is located in Aliante Plaza at 6885 Aliante Parkway, Suite 107 in North Las Vegas. David A. Grant of Colliers International represented the landlord, Aliante Plaza, LLC.
Land Sale A sale to Harsch Investment Properties, LLC. The ±2.26 acre land parcel is located near Sunset Road and Lindell Road (APN: 176‐01‐102‐017) in Las Vegas. The transaction amount
JANUARY 2021
was $2,116,588.87. Dan Doherty, SIOR, Paul Sweetland, SIOR,
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Chris Lane, SIOR, CCIM and Jerry Doty, SIOR of Colliers International represented the seller, Sunburst 215 LLC.
Industrial Lease A lease to Las Vegas Cheer, LLC. The ±7,000 square foot industrial property is located in Mojave Airport Center at 6255 South Mojave Road, Suite B-C in Las Vegas. Dean Willmore, SIOR, Alex Stanisic, Mike Willmore and Lauren Willmore of Colliers International represented the landlord, BKM MAC 228, LLC.
Industrial Sale A sale to Green Bean Battery. The ±6,059 square foot industrial property is located in Escondido Airport Park at 6676 Escondido Street, Unit 5 in Las Vegas. The transaction amount was $1,266,331.00. Brian Riffel, SIOR and Tyler Jones of Colliers International represented the seller, Escondido Investments LLC.
Industrial Sublease A sublease to Lucky Top Inc. The ±32,917 square foot industrial property is located in Harsch Speedway Commerce Center at 6335 North Hollywood Boulevard, Suite 115 in North Las Vegas. Dan Doherty, SIOR, Paul Sweetland, SIOR, Chris Lane, SIOR, CCIM and Jerry Doty, SIOR of Colliers International represented the tenant.
COLLIERS INTERNATIONAL LAS VEGAS
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Amanda Ortiz National Director, Industrial Research amanda.ortiz@colliers.com
In a year marked with struggles and uncertainty due to a global pandemic and domestic political unrest, the U.S. industrial sector flourished against all odds.
E-Commerce Demand Fueled Bulk Activity in 2020 Largely fueled by the continued growth of e-commerce and occupiers’ commitment to maintaining a diverse supply chain, demand for industrial bulk space (100,000 square feet and greater) remained remarkably high. As evidence of the need for warehouse and distribution space, U.S. occupier activity in bulk industrial space
JANUARY 2021
totaled nearly 398.9 million square feet at the end of 2020, down just 5% from the
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record-setting 420.4 million square feet transacted at the end of 2019. A further indication of the increased need for bulk space lies in the rising size of occupier transactions. The average size of a bulk transaction was roughly 283,000 square feet, up 16% over the average size of 245,000 square feet in 2019.
Amazon arguably dominated real estate headlines
remain elevated in 2021 as the company proceeds
throughout 2020, taking more space than ever before. In
with
fact, for the first time, e-commerce occupiers accounted for
transactions more than doubled its footprint, the
nearly a quarter of all bulk activity during the year and the
only other industry to grow over the last year was
most of any industry. Third-party logistics and packaging
the food, beverage, and pet supply industry, which
companies (3PLs) dropped to the second spot, accounting
increased its square footage by nearly 14%.
its
expansion
plans.
While
e-commerce
for nearly 21% of activity. While overall industrial activity ran below 2019’s totals, there were 1,407 bulk transactions,
Transactions in the Midwest accounted for 26.2% of
including new leases, renewals and user sales at year-end
all bulk occupier activity, followed by the Southeast
2020. Naturally, Amazon captured the top spot of bulk
with 23.3%. The Southcentral market activity was
occupiers in the U.S., signing 173 transactions to occupy a
the slowest at the end of the year, accounting for
whopping 87.9 million square feet – more space than they
just 11.2% of transactions signed, with the Northeast
occupied between 2016 to 2019 combined. Both Home
market following closely behind, responsible for
Depot and Lowe’s Home Improvement remained in the top
16.9% of activity. The Midwest continues to attract
10, occupying 6.2 million square feet and 4.8 million square
bulk occupiers who take advantage of its strong
feet, respectively. Three 3PL providers also made it into the
labor, transportation, and logistics benefits, with
top 10 in 2020 – FedEx (5.7 MSF), Geodis (4.2 MSF) and DHL
e-commerce users taking 20.5 million square feet
Supply Chain (3.4 MSF).
in Midwestern states. Amazon expanded by 16.0 million square feet in the Midwest in 2020, with a variety of other e-commerce companies establishing
E-commerce only occupiers, like Amazon, continue to require additional space to
a presence in OH, IL, WI, IN and MN. Population, labor growth and relatively low business costs continue to fuel activity in the Southeast region. In contrast, the
meet the demand of consumers shopping
West region remains in third, thanks to continued
from the comfort of their homes.
strong demand in the Inland Empire, boosted by
While this shift in consumer preferences was largely
As the industrial sector escaped 2020 relatively
pandemic induced, this trend is not likely to subside until
unscathed, transaction volume for bulk industrial
a vaccine is widely available. We expect Amazon totals to
space is expected to remain high in 2021, thanks to
surging e-commerce demand and 3PL activity.
a need for modern industrial space for distribution. While 3PL and retail-related distribution volume will remain robust, look for the strong growth showcased in the Food and Beverage industry to continue, as many of these occupiers are looking to expand and modernize their distribution and manufacturing networks.
If the projected economic rebound comes to fruition in 2021, bulk warehouse/distribution space will remain in high demand by e-commerce retailers and manufacturers for many quarters to come.
COLLIERS INTERNATIONAL LAS VEGAS
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Upcoming Calendar. F ebr uar y 2021
CREW Luncheon Zoom 11:30am–1:00pm
Investment Monthly Meeting Zoom
Tuesday, February 9
9:00am–10:30am
SIOR Luncheon Zoom 11:45am–1:30pm
Tuesday, February 23 (Grant Traub to send Zoom link)
Wednesday, February 10
Office Monthly Meeting Zoom
Happy Valentine’s Day
9:00am–10:00am
Sunday, February 14
President’s Day Office Closed
February Babies:
Wednesday, February 24 (Taber Thill to send Zoom link)
Evan Ranes
CCIM Luncheon Zoom 11:30am–1:30pm
Monday, February 15
Wednesday, February 24
Amanda Irving
Retail Monthly Meeting Zoom
Industrial Monthly Meeting
Patti Dillon
9:00am–10:30am
Thursday, February 25
9:00am–10:00am
Tuesday, February 16 (David Grant to send Zoom link)
NAIOP Virtual Breakfast 7:00am–8:45am Thursday, February 18
Birthday Celebration 2:30pm–3:30pm Thursday, February 25 Main Conference Room
JANUARY 2021
It’s already February!?
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2020/21 SALES AWARD TRIP MARCH 11–15, 2022
FAIRMONT KEA LANI IN WAILEA, MAUI DAN DOHERT Y
CHRIS CLIFFORD
PAUL S WEE TL AND
BRIAN RIFFEL
DAVID GR ANT
PAT MAR SH
CHRIS L ANE
GR ANT TR AUB
JERRY DOT Y
DE AN WILLMORE
SPENCER PINTER
DAN GLUHAICH
KEITH CUBBA
ALE X S TANISIC
YOU MADE THE PLANE
WELCOME! LINDY FRYE Client Services Coordinator We are excited to welcome Lindy Frye to the Las Vegas office as a Client Services Coordinator for the Doherty Industrial Group. Lindy brings 12 years of
Accelerating success.
experience in marketing & communications.
www.colliers.com/lasvegas
COLLIERS INTERNATIONAL LAS VEGAS
19
// DECEMBER 2020 //
MONTHLY LAS VEGAS OFFICE REPORT
OTHER
Broker Rankings YTD 1.
Dan Doherty
24. Chris Connell
2.
Paul Sweetland
25. Brian Fike
3.
Jerry Doty
26. George Connor
4.
Chris Lane
27. Steven Haynes
5.
Chris Clifford
28. Ryan Hendershot
6.
Spencer Pinter
29. Al Twainy
7.
Dean Willmore
30. Kara Walker
8.
Brian Riffel
31. Suzette Lagrange
9.
David Grant
32. Gabe Skerlich
JANUARY 2021
20
33. Chris Bentley
11. Grant Traub
34. Steve Neiger
12. Pat Marsh
35. Brett Rather
13. Keith Cubba
36. Jennifer Lehr
14. Alex Stanisic
37. Gabe Telles
15. Eric Molfetta
38. Tyler Jones
16. Stacy Shapiro
39. Chris Lobello
17. Scot Marker
40. Lauren Willmore
18. Mike Willmore
41. Sam Newman
19. Mike Mixer
42. Joe Bonifatto
20. Jeff Swinger
43. Megan McInerney
21. Taber Thill
44. Chase Pavlov
22. Patti Dillon
45. Rebecca Staniec
23. Alexia Crowley
46. Amanda Irving
7%
MULTIFAMILY
16%
RETAIL
10. Dan Gluhaich
OFFICE
1%
19%
DECEMBER PROPERTY TYPES 17% Monthly Budget 72% YTD Budget
INDUSTRIAL
52% LAND
5%
Sales vs. Lease Revenue 52% - Sales
48% - Lease
December Anniversaries Steven Haynes
2014
6 Years
Danielle Scarano
2019
1 Year
Brianna Maldonado
2019
1 Year
BROKER OF THE MONTH
C ongratulations!
DAN DOHERTY A Giving Spirit. Dan’s donation will be going to St. Jude’s Ranch for Children young adults and families by empowering them to
A few words of wisdom.
create new chances, new choices and new hope in
“The unselfish effort to bring
a caring community. Even though there have been
cheer to others will be the
changes over the years, St. Jude’s Ranch has remained
beginning of a happier life
Transforming the lives of abused and at-risk children,
true to its mission: rescuing abused, abandoned and neglected children and providing a safe, nurturing and therapeutic home for them.
U.S. Economic Expansion Stagnates, yet the Industrial Sector Remains Solid Following a strong rebound during the third quarter, growth in the U.S. economy began to stagnate at the end of the year as the worsening health crisis surged, resulting in tighter restrictions. The COVID-19 pandemic is still a major force impacting employment, manufacturing production, retail sales, and consumer sentiment across the country, yet the recent rollout
for ourselves.”
-Helen Keller
63 Deals
Our Las Vegas Office completed a total of 63 Deals for the month of December.
of the COVID-19 vaccine distribution is a reason for optimism heading into 2021.
READ MORE COLLIERS INTERNATIONAL LAS VEGAS
21
Knowledge Leader
Flex Forward >> What is Next for Flex in 2021 2020 could potentially be the catalyst for a structural change in real estate. Over 2021 we will begin to see the true impact of the pandemic and start to make sense of what it’s long lasting impact will be. There are signs of optimism for the flexible workspace sector, underpinned by occupiers looking to reduce risk, add agility, elevate employee experience and outsource workspace delivery.
READ MORE
Knowledge Leader
U.S. Office Absorption Nears a Record Low in Q4 2020 National office absorption in the fourth quarter totaled negative 40.9 million square feet. This is the second-lowest total on record.
JANUARY 2021
CLICK
22
Direc tor y Industrial
Property Management
Hotel/Resort
Dan Doherty
+1 702 836 3707
Erica Aulino
+1 702 836 3745
Jerry Doty
+1 702 836 3735
Valerene Corbin
+1 702 836 3761
Ryan Hendershot
+1 702 836 3751
Jennifer Kennedy
+1 702 836 3772
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
Stacy Shapiro
+1 702 836 3762
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
+1 702 836 3777
Investment Services 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
+1 702 836 3708
Grant Traub
+1 702 836 3789
Staff Nicole Cauilan
+1 702 836 3706
Sara Johansson
+1 702 836 3771
Gina Jones
+1 702 836 3783
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 Office Chris Connell
+1 702 836 3709
Patti Dillon
+1 702 836 3790
Megan McInerney
+1 702 836 3700
Rebecca Staniec
+1 702 836 3792
Taber Thill
+1 702 836 3796
Christopher Bentley
+1 702 836 3779
Shalonda Hughes
+1 702 836 3765
Jeffrey Swinger
+1 702 836 3764
Medical Office Alexia Crowley
+1 702 836 3778
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
Land Steven Haynes
+1 702 836 3727
Valuation Services Richard Koldewyn
+1 702 836 3738
Heidi Meidenbauer +1 702 836 3726 Leah Mullen
+1 702 836 3775
Evan Ranes
+1 702 836 3749
Brandon Roper
+1 702 836 3734
LAS VEGAS COLLIERS INTERNATIONAL LAS VEGAS
23
Accelerating success.
400 offices in 68 countries on 6 continents MARKET CONTACT:
ANZ: 54 United States: 159 Canada: 48
Mike Mixer, SIOR Executive Managing Director
+1 702 735 5700
mike.mixer@colliers.com
Latin America: 20
John Stater Research & GIS Manager
Asia Pacific: 45
+1 702 836 3781
EMEA: 114
$3.5 billion in annual revenue 2 billion square feet under management 15,000+ professionals and staff
john.stater@colliers.com
Colliers International | Las Vegas 3960 Howard Hughes Parkway, Suite 150 Las Vegas, Nevada 89169 | USA +1 702 735 5700 www.colliers.com/lasvegas
ABOUT COLLIERS INTERNATIONAL Colliers International (NASDAQ, TSX: CIGI) is a leading diversified 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. Š 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.
