Accelerating Success.
LAS VEGAS
INSIDER
A COMMUNICATION FOR BROKERS, EMPLOYEES, COLLEAGUES AND FRIENDS
OCTOBER 2020
Bellagio unveils new conservatory autumn theme Called “Into the Woods,� the experience will feature foxes, fairies, floral mushrooms, oversized oak leaves and dragonflies overhead, according to the Las Vegas Strip resort.
Successful people are not gifted; they just work hard, then succeed on purpose.
-G.K. Nielson
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LV RESEARCH - FOLLOW THE RENTS
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UPCOMING CALENDAR - OCTOBER
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FEATURED LISTINGS
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L AS VEGAS BY THE NUMBERS
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L AS VEGAS IN THE NEWS
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BROKER CONNECTION
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FEATURED DEALS
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INDUSTRIAL SITE SELECTION
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DISRUPTION 2020 – NUMBERS
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L AS VEGAS DIRECTORY
Ble z a
T HE T R A IL F OR T HE F U T URE.
L A S VEG A S RESE ARCH
Follow the
bouncing rent. The onslaught of economic changes in 2020 have left property owners a bit confused – or at least the movement of asking rents suggests that this is the case. With new and often contradictory information appearing every day (or hour), what is an owner to do? Just how much rent should they be asking – or how much is their building worth?
Since I’m a researcher, and therefore a
Industrial owners primarily took their asking
pseudo-academic, I’m not actually going to
rents off the table – ah, the allure of mystery. This
answer that question. Hey – if I don’t give
was the primary action taken by landlords during
you a straight answer, I can never be wrong,
the Great Recession. Approximately an equal
right? But in this article, I am going to talk a
number of industrial units had their rents raised
bit about the strange trajectory – or perhaps
as lowered. Office landlords were more sanguine,
lack of trajectory – we are seeing in 2020 in
with more units getting an asking rent increase.
rents, and show a bit of data that might point
Retail landlords behaved more like their industrial
people in the right direction.
counterparts. The more important piece of information is not shown on the table though –
When the business closures hit in March of this
roughly 93% of units saw no change at all. There is
year, landlords and property owners did not
wisdom in crowds after all!
OCTOBER 2020
quite know what to do. This was not surprising,
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as they were lacking significant pieces of data
Property sellers were more realistic in my opinion.
upon which to make a sound decision, such as
Although roughly 83 percent of properties saw no
how long the closures would last, how badly
change in their asking price, of those that did, the
would tenants be hurt, etc. With no solid data,
majority saw that asking price decreased.
the reaction was confused, to say the least.
John Matt Stater Research & GIS Manager, SW Las Vegas - john.stater@colliers.com
By the third quarter, trends were changing. First and foremost, only about 5 percent of units saw an asking rent change and only 12 percent saw a change in asking price. Clearly, owners were less worried about the future, and felt better about waiting the economic troubles out. Of those units that did see their rent change, approximately an equal number of industrial and retail units saw rents increase versus decrease – much as in the second quarter of 2020. Office owners, on the other hand, finally got the memo, with more units seeing asking rent decrease than increase. Sales price movement was approximately the same as in the second quarter, with most owners decreasing asking price, and retail owners splitting evenly between raising and lowering their prices. What the data doesn’t show (because it would take too long for me to compile it) is that many owners that changed their asking rent or price in the second quarter changed it back to what it had been previously in the third quarter.
The other question, of course, is who is right? Is the rents too dang high (bonus points if you get the reference) or should they go higher? Among the bits of data I gather quarterly, I look at the difference between effective rent and asking rent on the lease comps we capture. Looking at this data, industrial and office rents appear to be in just about the right place, but effective rents are trending downward as a percent of asking rent – we will probably see asking rents decrease in these segments in the near term, though not substantially. That trend has been more exaggerated in retail rents, and thus the decreases in asking retail rents could be more substantial than in other market segments.
When the business closures hit in March of this year, landlords and property owners did not quite know what to do.
COLLIERS INTERNATIONAL LAS VEGAS
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Photo by Matthias Mullie on Unsplash
Photo by ihtesham ismail on Unsplash
FEATURED LISTINGS Photo by Alive Coverage Photo by Alive Coverage/Sipa USA/
Photo by Marina Monroe from Pexels
AP Images
150 Cassia Way Chris Lane, SIOR, CCIM, Jerry Doty, SIOR, Paul Sweetland, SIOR and Dan Doherty, SIOR •
±21,600 SF available
•
±3,218 SF office space with ±18,382 SF warehouse
•
Lease Rate: $0.68 PSF
3755 Spring Mountain Road Steve Neiger, CCIM •
±3,420 SF end-cap space for lease
•
Pre-existing restaurant space in Chinatown
•
Lease Rate: $3.00 PSF NNN
7055 Windy Street
OCTOBER 2020
Mike Willmore and Dean Willmore, SIOR
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•
±16,291 SF industrial office/warehouse unit for lease
•
Prime Southwest location across from the Premium Outlet Mall and near Town Square
•
Lease Rate: $0.79/PSF (NNN)
6280 Annie Oakley Drive Suzette LaGrange, CCIM and Kara Walker, CCIM •
±23,604 SF Freestanding dock high office/warehouse building
•
±9,000 SF paved and fenced yard included
•
Sale Price: $4,370,000 ($185 PSF) / Lease rate: $0.95/ Net $0.10/ SF Est Cam
2020 West Sunset Road Taber Thill, SIOR, Patti Dillon, SIOR and Megan McInerney •
±5,026 SF one-story office building
•
Prime location in the Airport Submarket
•
Asking Price: $804,160 ($160/SF)
2901 South Highland Drive Gabe Telles, Chase Pavlov and Ryan Henderson •
±14,400 SF warehouse/office space available for lease
•
5% commission to all procuring brokers
•
Lease Rate: $0.75 PSF/month
COLLIERS INTERNATIONAL LAS VEGAS
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LV 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.
A New Face. Accelerating Success.
In the news. Angelina Scarcelli, CPM, CCIM, IREM Elected to 2021 CALV Board of Directors October 13 – Las Vegas Business Press
United States Postal Service Leases Additional Las Vegas Warehouse Space in Anticipation of Busy Holiday Season October 09 – Nevada Business Magazine
Colliers International | Las Vegas Welcomes Newest Property Manager October 09 – Las Vegas Review Journal
JOIN US IN WELCOMING LEAH MULLEN TO THE LAS VEGAS OFFICE!
WELCOME! LEAH MULLEN Appraiser Intern
OCTOBER 2020
We are excited to welcome Leah Mullen to the Las Vegas office. Leah first dipped into the Commercial Real Estate Industry in 2017. She is now entering her second year of her commercial real estate appraiser internship.
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www.colliers.com/lasvegas
Upcoming THANKSGIVING FEAST Thursday, November 19th @ 11:30
READ MORE
GIL BOROK FEATURED ON BLOOMBERG Colliers U.S. President & CEO Gil Borok recently sat down with Bloomberg TV’s Vonnie Quinn to discuss Colliers’ Midyear 2020 Top 25 Office Markets Report and the anticipated short- and long-term impacts of the COVID-19 pandemic on U.S office market fundamentals.
U.S. Economic Expansion Slows, Holiday Sales Should Provide a Boost in the Fourth Quarter The U.S. economy continued to expand during the third quarter, although at a markedly slower pace compared to the growth experienced in previous months. The COVID-19 pandemic is still a major force impacting employment,
Big-Box Market Report Midyear Review Big-Box space in North America remains in high demand despite COVID-19 repercussions. We examine the North American big-box industrial market in thefirst six months of 2020, which includes the seven core North American big-box markets, as well asnine emerging secondary markets.
DOWNLOAD REPORT Copyright © 2020 Colliers International
manufacturing production, retail sales, and consumer sentiment across the country, and another surge in cases is expected during the fall and winter months.
Industrial Sector is a Surprising Benefactor in Consumer Spending Despite the uncertainty surrounding an additional government stimulus package and the upcoming election, estimates for the next holiday season are largely positive.
COLLIERS INTERNATIONAL LAS VEGAS
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Healthcare Spotlight.
FALL 2020 SERVICES REPORT
October 2020
Rapid growth and adoption of telehealth has been put into even sharper focus by the COVID-19 pandemic. Colliers’ Fall 2020 Healthcare Services Report defines telehealth and its various applications, looks at its expansion and potential and considers the issues and challenges facing operators looking to implement and grow telehealth services. Finally, we address the implications of telehealth for healthcare real estate. Since the start of the pandemic, there has been a four-fold increase in the share of patients scheduling online appointments, and virtual visits are projected to reach one billion in 2020 alone. Post-COVID, while telehealth usage will remain prevalent, we also anticipate a “bounce OCTOBER 2020
back” in office visits as clients regain their comfort with traveling to in-person care.
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Shawn Janus National Director, Healthcare shawn.janus@colliers.com
BREAST CANCER
www.colliers.com/lasvegas
EARLY DETECTION SAVES LIVES
AWARENESS MONTH
T H E 2 0 2 2 PRO B O W L AWA R D E D T O L A S V E G A S
Good News For Las Vegas.
RE AD MORE
RE AD MORE
RE AD MORE
LIVE SHOWS RETURNING TO VEGAS
NEVADA ADDS ANOTHER 3,400 JOBS
BARTENDING JOBS RETURNING
STARTING NOVEMBER 06
FIFTH MONTH IN A ROW ADDING JOBS
RECOVERY FOR HARD HIT SECTOR
MGM Resorts announced that it is reopening
The state is still down 127,600 jobs
A small victory for a tourism-driven
seven shows on the Las Vegas Strip
compared to September 2019
state whose visitor numbers are down.
COLLIERS INTERNATIONAL LAS VEGAS
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Photo by Matthias Mullie on Unsplash
Photo by ihtesham ismail on Unsplash
OCTOBER 2020
FEATURED DEALS Industrial Lease A lease to Safe Life Defense L.L.C. The ±137,225 square foot industrial property is located in Matter Park @ West Henderson at 1379 Raiders Way in Henderson. Dan Doherty, SIOR, Paul Sweetland, SIOR and Jerry Doty, SIOR of Colliers International represented the landlord, Centra Gateway Corporate Center LLC. Chris Lane, SIOR, CCIM of Colliers International represented the tenant.
Medical Office Lease A lease to Dignity Select Nevada, LLC. The ±6,000 square foot medical office property is located in Siena Pavilion at 2850 West Horizon Ridge Parkway in Henderson. Alexia Crowley, CCIM of Colliers International represented the landlord, Claiwater Associates, LLC.
Office Sale A sale to Avalon Legal Group, LLC. The ±5,000 square foot office property is located at 6030 South Rainbow Boulevard, Building D in Las Vegas. The transaction amount was $1,100,000.00. OCTOBER 2020
Patti Dillon, SIOR, Taber Thill, SIOR; Megan McInerney of Colliers
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International represented the seller, Spring Valley Holdings, LLC.
Retail Sale A sale to Richard Bradley. The ±39,175 square foot Dotty’s retail property is located at 2428 East Cheyenne Avenue in Las Vegas. The transaction amount was $6,175,000.00. Chris Clifford, Steve Neiger, CCIM and Brett Rather of Colliers International represented the buyer.
Industrial Sale A sale to Michael F. Colvin. The ±45,659 square foot industrial retail property is located at 1011 East Alexander Road in North Las Vegas. The transaction amount was $6,143,500.00. Dean Willmore, SIOR, Lauren Willmore, Alex Stanisic, Mike Willmore and Stacy Shapiro, CCIM of Colliers International represented the buyer.
Land Sale A sale to LGI Homes - Nevada LLC. The ±5.15 land parcel is located near Clifford Street and Judson Avenue (APN: 14019-101-014 thru 017 & 140-19-201-003) in Las Vegas. The transaction amount was $1,237,000.00. Steven Haynes of Colliers International represented the seller, Oxford Pecos Retail LLC.
COLLIERS INTERNATIONAL LAS VEGAS
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DISRUP T ION 2020
Numbers to Watch.
At Colliers we understand the interconnectedness of data and the
OCTOBER 2020
importance of considering macroeconomic trends and anecdotes
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in making real estate decisions. With that in mind, we’ve identified several numbers worth watching. Aaron Jodka Managing Director, Research & Client Services aaron.jodka@colliers.com
28,000
Layoffs at Disney’s theme parks.
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Different markets posted negative absorption of over one million SF.
-54%
Quarter 3 National transaction volume down 54% YOY.
-33.5 Million
National office absorption, negative 33.5 million SF in Q3, has surpassed losses
10,000
at the low point of the Global Financial Crisis (GFC) of negative 25.9 million SF.
Number of announced store closings per BDO, topping 2019’s record of 9,500. Coresight Research estimates this number could reach 25,000 by year-end.
168.8 Million
Sublease space is at a record 168.8 million SF, 35.5% higher in the past six months.
800,000
Consensus estimated September job gains. ADP estimates 749,000 private jobs
2.9%
Average Class A asking rents in CBDs fell
created in the month.
by 2.9% in Q3; suburban rents were flat.
20%
Equal
22,500/week rate - of weekly applications
suburban markets.
Percentage growth - above the normal
Losses were almost equal in urban and
for starting a new business.
0.677%
70 Basis Points Vacancies increased 70 basis points this
10-year Treasury Bond rate. Federal
quarter, to 12.6%. They peaked at 16.3%
Reserve Chairman Powell stated the Fed
in the GFC.
plans to keep interest rates low for years to support economic activity.
27%
Average property write-down for assets
-89%
Hotels continue to be the worst-performing sector, down 89% in sales volumes yearover-year.
handed to special servicers, per Wells Fargo.
COLLIERS INTERNATIONAL LAS VEGAS
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IMPLIC AT IONS OF COV ID -19 ON T HE WORK PL ACE 7 key takeaways from our Working from Home Experience global sur vey highlighting how early findings are informing
OCTOBER 2020
the future.
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READ MORE
OPENED OCTOBER 28 Downtown Las Vegas Newest Hotel/Casino
1,000
$
DONATION
Colliers International and the Links For Life
LINKS FOR LIFE
Foundation is proud to support Candlelighters,
F O U N D A T I O N
Childhood Cancer Foundation of Nevada with their virtual Superhero 5k. www.colliers.com/lasvegas
CONGRATULATIONS VALERENE CORBIN We are excited to announce that Valerene Corbin in our REMS Division has been promoted to Assistant Property Manager.
www.colliers.com/lasvegas
COLLIERS INTERNATIONAL LAS VEGAS
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Upcoming Calendar. NOV EMBER 2020 Clocks Fall Back
NAIOP Virtual Breakfast
Daylight Savings Ends
7:00am–8:45am
Sunday, November 1
Thursday, November 19
Election Day
Industrial Monthly Meeting
Still time to vote!
9:00am–10:00am
Tuesday, November 3
Thursday, November 19
NOVEMBER BABIES:
NAIOP Virtual Bus Tour
Thanksgiving Feast
8:00am–11:00am
11:30am–1:30pm - Main Conference
Dan Doherty
Friday, November 6
Thursday, November 19
NAIOP Golf Tournament
Investment Monthly Meeting Zoom
12:00pm–5:00pm Spanish Trail CC Monday, November 9
CREW Luncheon Zoom 11:30am–1:00pm Tuesday, November 10
Veteran’s Day Wednesday, November 11
SIOR Luncheon Zoom 11:45am–1:30pm
OCTOBER 2020
Office Monthly Meeting Zoom 9:00am–10:00am Wednesday, November 25 (Taber Thill to send Zoom link)
Happy Thanksgiving
Friday, November 27
9:00am–10:30am Tuesday, November 17 (David Grant to send Zoom link)
Eric Molfetta
(Grant Traub to send Zoom link)
CCIM Real Estate Investment Outlook Virtual Luncheon
Retail Monthly Meeting Zoom
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Tuesday, November 24
Office Closed
Thursday, November 12
Jennifer Kennedy
9:00am–10:30am
Wednesday, November 11
11:30am–2:30pm
Marge Ruderman
Thursday, November 26 &
Jeff Swinger Paul Sweetland
2020/21 SALES AWARD TRIP MARCH 11–15, 2022
FAIRMONT KEA LANI IN WAILEA, MAUI
C ongratulations! - DAN DOHERT Y - PAUL SWEETLAND - DAVID GR ANT - CHRIS LANE - JERRY DOT Y - SPENCER PINTER - KEITH CUBBA - CHRIS CLIFFORD - MIKE STUART - BRIAN RIFFEL - PAT MARSH - GR ANT TR AUB - DEAN WILLMORE
YOU MADE THE PLANE
COLLIERS INTERNATIONAL LAS VEGAS
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// SEPTEMBER 2020 //
MONTHLY LAS VEGAS OFFICE REPORT
OCTOBER 2020
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1.
Dan Doherty
25. George Connor
2.
Paul Sweetland
26. Brian Fike
3.
Mike Stuart
27. Steve Haynes
4.
Jerry Doty
28. Ryan Hendershot
5.
Chris Lane
29. Al Twainy
6.
Chris Clifford
30. Kara Walker
7.
Spencer Pinter
31. Suzette Lagrange
8.
David Grant
32. Gabe Skerlich
9.
Brian Riffel
33. Steve Neiger
10. Pat Marsh
34. Brett Rather
11. Grant Traub
35. Jennifer Lehr
12. Keith Cubba
36. Tyler Jones
13. Dean Willmore
37. Gabe Telles
14. Eric Molfetta
38. Sam Newman
15. Dan Gluhaich
39. Joe Bonifatto
16. Mike Mixer
40. Rebecca Staniec
17. Scot Marker
41. Lauren Willmore
18. Taber Thill
42. Chase Pavlov
19. Patti Dillon
43. Megan McInerney
20. Alex Stanisic
OFFICE
OTHER
Broker Rankings YTD
3%
1% RETAIL
20%
LAND
2%
SEPTEMBER PROPERTY TYPES 128% Monthly Budget 53% YTD Budget
INDUSTRIAL
74%
Sales vs. Lease Revenue 56% - Sales
44% - Lease
September Anniversaries Spencer Pinter
1996
24 Years
44. Chris Bentley
David Grant
2001
19 Years
21. Stacy Shapiro
45. Jeff Swinger
Stacy Shapiro
2012
8 Years
22. Chris Connell
46. Chris Lobello
Dean Willmore
2012
8 Years
23. Mike Willmore
47. Amanda Irving
Lauren Willmore
2019
1 Year
24. Alexia Crowley
BROKER OF THE MONTH
C ongratulations! PAUL SWEETLAND A Giving Spirit. PAUL’S DONATION WILL BE GOING TO CANDLELIGHTERS CHILDHOOD CANCER FOUNDATION OF NEVADA . Candlelighters Childhood Cancer Foundation of Nevada is a non-profit agency who’s mission is to provide emotional
A few words of wisdom.
support, quality of life programs, and financial assistance
“Some people want it to happen,
for children and their families affected by childhood
some wish it would happen,
cancer. Children from birth to 21 years of age who have been diagnosed with cancer or who have survived cancer are eligible for services if they are living or being treated in Nevada.
Las Vegas welcomed 1.7M visitors, up 10.9% from August Las Vegas welcomed 1,704,300 leisure visitors in September, up 10.9% from approximately 1.5 million visitors in August. The increase in visitors comes as additional resort properties reopened in the destination. September visitation numbers and hotel occupancy are based on a weighted average of roughly 133,000 guest
others make it happen.”
- Michael Jordan
68 Deals
Our Las Vegas Office completed a total of 68 Deals for the month of September.
rooms that exist at hotels open across the destination following a nearly three-month shutdown.
READ MORE COLLIERS INTERNATIONAL LAS VEGAS
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L A S V EG A S BROK ER CONNEC TION
Patti Dillon OCTOBER 2020 2020
Office Division
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Thill-Dillon-McInerney Team
Camping. Love it or hate it?
I Love camping & hiking. I’m not a TV person. Utah and California have some great sites for a fun adventure. What’s the best advice you’ve ever heard?
You cannot do a kindness too soon. You never know how soon it will be too late. With such a wild year, what’s the best thing to happen to you this year?
With the realization of how short life is and how it can change in a minute, I’ve developed closer relationships with my family, friends and colleagues.
Tag! You’re it! Megan McInerney, you’re next for our Broker Connection . Your custom questions will be on the way. Be on the lookout.
COLLIERS INTERNATIONAL LAS VEGAS
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This October, may your treats be many and your tricks be few. Wishing everyone the most fang-tastic night!
www.colliers.com/lasvegas
HAPPY NEVADA DAY We’re the only state to continually celebrate our historical entry into the union. Nevada became the 36th state in the union on October 31, 1864.
READ MORE
Top 5 Industrial Site Selection Criteria Post Pandemic Over the past 180 days, the coronavirus has ransacked the growth plans of industrial companies around the planet. Global supply chains have been disrupted, new challenges to operations continue to be unearthed, and the path forward is unclear for many companies. The location strategy to
OCTOBER 2020
rapidly change direction, lower costs, identify labor, and provide flexibility is also emerging.
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Knowlege Leader
Location strategy has changed in a world dominated by COVID-19
DIREC TORY 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
Alyssa Parks
+1 702 836 3755
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
GOLF COURSE
Alexander Stanisic
+1 702 836 3742
Paul Sweetland
+1 702 836 3750
Keith Cubba
Gabe Telles
+1 702 836 3758
Kara Walker
+1 702 836 3705
Dean Willmore
+1 702 836 3763
MULTI-FAMILY
Mike Willmore
+1 702 836 3748
Lauren Willmore
+1 702 836 3730
Christopher Bentley
+1 702 836 3779
Shalonda Hughes
+1 702 836 3765
Jeffrey Swinger
+1 702 836 3764
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 +1 702 836 3733
Caryl Lou Paayas
+1 702 836 3702
Matt Stater
+1 702 836 3781
Chris Sutton
+1 702 836 3721
OFFICE Chris Connell
+1 702 836 3709
RECEIVERSHIP
Patti Dillon
+1 702 836 3790
Christopher LoBello +1 702 836 3714
Megan McInerney
+1 702 836 3700
Rebecca Staniec
+1 702 836 3792
Taber Thill
+1 702 836 3796
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
25
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 18,000+ 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 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. Š 2020 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.
