Las Vegas Insider | March 2020

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

12

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 //

5

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 //

7

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.

8

// 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 //

9

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.

10

// 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 //

11

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

12

// 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 //

13

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

14

// 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 //

15

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.

16

// 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 //

17

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

18

// 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.