Las Vegas Insider | September 2018

September 2018

LAS VEGAS

INSIDER A COMMUNICATION FOR BROKERS, EMPLOYEES, COLLEAGUES AND FRIENDS

GOLDEN KNIGHTS ARE BACK! Our very own Vegas Golden Knights open their second season against the Philadelphia Flyers on October 4, at 7:00pm. See you at T-Mobile Arena.

LAS VEGAS INSIDER | S E P TE M BE R 2 018

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HIGH-SPEED RAIL

FLORIDA FIRM ACQUIRES COMPANY PLANNING LAS VEGAS TO LOS ANGELES RAIL LINE

XpressWest, the high-speed rail proposal to link Las Vegas with Los Angeles via Victorville, California, has been acquired by a company that provides rail service in Florida.

Brightline, a privately owned and operated intercity passenger rail system serving Miami, Fort Lauderdale and West Palm Beach, announced plans to take over the rights to XpressWest’s 185-mile federally approved rail corridor along Interstate 15. www.reviewjournal.com/business/tourism/florida-firm-acquires-company-planning-las-vegas-to-la-rail-line/

Accelerating success.

F

FACEBOOK.COM/COLLIERSLV

TWITTER.COM/COLLIERS_LV

TABLE OF CONTENTS: A WONDERFUL LIFE – LV RESEARCH 4

COLLIERS IN THE NEWS 11

VEGAS BY THE NUMBERS 14

FEATURED DEALS 9

SALSA SHOWDOWN WRAP-UP 12

BROKER OF THE MONTH 15

FEATURED LISTINGS 10

UPCOMING EVENTS 13

DIRECTORY 16

THEY’RE BACK!

WESTERN CONFERENCE CHAMPION GOLDEN KNIGHTS’ SEASON KICKS OFF OCTOBER 4, 2018!

FUTURE PLANS LAS VEGAS INSIDER | S E P TE M BE R 2 018

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A WONDERFUL

LIFE

Southern Nevada’s economy continued to expand in the third quarter of 2018 in terms of gaming revenue and taxable revenue, despite softer visitor volume numbers. The number of jobs in the Valley continued to increase as well, and commercial occupancy is up.

Unemployment in the Las Vegas-Paradise MSA stood at 4.9 percent as of August 2018, down from 5.2 percent in August 2017. Unemployment peaked in Southern Nevada at 14 percent in January 2011, and has been generally headed down ever since. The area’s previous low unemployment was 3.7 percent in December 2005. The latest national unemployment figure was 3.9 percent in August 2018, down from 4.4 percent in August 2017. The national labor force participation rate decreased to 62.7 percent in August 2018, 0.2 points lower than in August 2017, proving that not going to work remains popular with Americans, provided one can afford it.

LAS VEGAS RESEARCH

BY JOHN MATT STATER

CL ARK COUNT Y ECONOMIC DATA*

YE AR AGO CURRENT

Employment (1000s) (Aug 2018)

1,012.8

Visitor Volume YTD (Jul 2018)

25.0 MM

24.7 MM

Gaming Revenue YTD (Jul 2018

$5.84 BB

$6.03 BB

Taxable Sales YTD (Jun 2018)

$20.5 BB

$21.6 BB

Commercial Occupancy (Q3-18)

92.0%

92.4%

1,055.4

Source: The Center for Business & Economic Research, UNLV; Colliers International

Since August 2017, total employment in Southern Nevada increased by 30,900 jobs, more than the 24,300 jobs that were added between August 2016 and August 2017.

Total nonfarm employment was 1,010,500 in August 2018. After adding 35,017 new jobs in 2014, employment growth has slowed in Southern Nevada. Employment growth in 2018 has the potential to end that trend and add more jobs to the Valley than 2017.

On a year-over-year basis, the majority of new jobs created in Southern Nevada were in transportation and warehousing (+6,500 jobs), government (+5,900 jobs), education and health services (+5,100 jobs), leisure and hospitality (+4,100 jobs), retail trade (+2,200 jobs), wholesale (+1,700 jobs), manufacturing (+1,600 jobs), construction (+1,300 jobs) and other services (+1,000 jobs). Other sectors experiencing job growth were professional and business services (+700 jobs), financial activities (+600 jobs) information (+100 jobs), and natural resources (+100 jobs). No sector saw a loss of jobs over the past twelve months.

While the current construction employment of 67,700 jobs lags behind the 111,300 construction jobs the Valley had in August of 2006, it has improved significantly since the low of 34,800 construction jobs in early 2012. Southern Nevada is seeing new construction projects in industrial, multifamily, retail, office, hospitality, sports and infrastructure, and information from employers is that Southern Nevada is as many as 10,000 construction workers short for the projects planned in 2018, which could delay construction times.

According to Home Builders Research, 5,996 new homes sold in the first seven months of 2018. This represented a 21.2 percent increase in new home sales over the first seven months of 2017. The median price for new homes increased, year-over-year by 13 percent in July 2018, to $380,032.

According to the Greater Las Vegas Association of Realtors, 20,010 existing homes sold in the first seven months of 2018, a 3.3 percent decrease from last year. The median sale price increased year-over year by 11.5 percent to $290,000 in July 2018. The gap between the median prices for a new home versus an existing home was $90,030 in July 2018, a 17.9 percent increase from July 2017.

After hitting a new high in 2016, visitor volume decreased in 2017 to 42.2 million visitors. While the October 2017 mass shooting in Las Vegas may have exacerbated this trend, it did not cause it. During 2017 there were only two months, March and May, in which visitor volume increased over the previous year. Visitor volume in the first seven months of 2018 was 24.7 million, down 1.2 percent from the first seven months of 2017. Gaming revenue, however, was $6 billion in the first seven months of 2018, up 3.3 percent from the first seven months of 2017.

Commercial real estate (i.e. industrial, office and retail) investment sales volume in the first three quarters of 2018 was $1.5 billion in 238 sales totaling 10.5 million square feet at an average price per square foot of $145.88. That puts 2018 on track to best 2017’s investment sales performance, which itself was the strongest in a decade. Investment sales volume in the third quarter of 2018 increased on a yearover-year basis for professional office (+100.2 percent) and industrial properties (+12.1 percent). Sales volume was down over the same period for medical office (negative 100 percent), shopping centers (-60.1 percent) and singletenant retail (negative 42.4 percent).

According to the Southern Nevada recovery index, economic growth in Southern Nevada showed some improvement over the past two months. Two measures, visitor volume and Los Angeles port traffic are lower now than one year ago, but all other measures showed year-over-year growth.

The index was 110.5 in July 2018, 2.9 points higher than one year ago. The greatest improvement over the past twelve months was in taxable sales (+6.8 points), followed by new home sales (+5.7 points) and gaming revenue (+4.5 points).

Visitor volume saw a 1.2-point decrease over last year, and port traffic in Los Angeles dropped 0.6-points.

YEAR

2010

2011

2012

2013

2014

2015

Jobs Added*

-23,333

4,592

16,933

23,808

35,017

34,808

2016 30,458

2017

2018 Y TD

27,667

22,096

LAS VEGAS INSIDER | S E P TE M BE R 2 018

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On September 15 team Colliers/Links for Life gathered at Exploration Peak Park in Mountain’s Edge for the Candlelighters Superhero 5K. Together we raised more than $8,500 to help support children in our community that are battling cancer diagnoses. This is Candlelighters 40th anniversary and this year’s event raised $150,000 - which will help Candlelighters continue their mission for another 40 years. Thank you to all that woke up early or donated to our team’s fundraising goals. We appreciate you.

LINKS FOR LIFE 2018 CHARITY RECIPIENTS F O U N D A T I O N Candlelighters

$25,000.00

St. Baldrick's Foundation

$1,000.00

CASA Foundation

$5,000.00

Schettler Family Foundation (BOM)

$250.00

Boy Scouts of America

$5,000.00

Horses 4 Heroes

$500.00

Down Syndrome Organization

$1,000.00

Make A Wish Foundation Southern Nevada

$1,040.00

Candlelighters (Broker of the Month Charity of Choice)

$250.00

Southern Highlands Charitable Foundation

$5,000.00

Foundation for Positively Kids

$1,500.00

Patrick Kelley Youth Foundation

$2,000.00

Down Syndrome Organization of Southern Nevada

$4,000.00

Las Vegas Natural History Museum

$1,500.00

Sunrise Children's Foundation

$1,000.00

St. Jude Children's Research Hospital - Nevada (BOM)

$250.00

Patrick Kelley Youth Foundation (BOM)

$250.00

JDRF Southern Nevada Chapter (BOM)

$250.00

Communities in Schools

$2,500.00

Adam's Place

$5,000.00

Miracle Flights

$1,500.00

Foundation for Positively Kids

$3,500.00

Adam's Place

$2,500.00

St. Jude's Ranch for Children

$20,000.00

Grant A Gift Autism Foundation

$6,500.00

Opportunity Village

$1,500.00

Discovery Children's Museum

$1,500.00

Jamie Thompson Memorial Fund (BOM)

$250.00

Ronald McDonald House Charities of Las Vegas (BOM)

$250.00

Junior Achievement of Southern Nevada

$10,000.00

William McCool Science Center

$1,500.00

St. Jude Children's Research Hospital (Tiah Brooks)

$1,000.00

Total YTD Donations: $112,290.00

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DID YOU KNOW? HUMMINGBIRDS ARE THE ONLY BIRD THAT CAN FLY BACKWARDS

LAS VEGAS INSIDER | S E P TE M BE R 2 018

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WELCOME TO COLLIERS! Jennifer Manning Please join us in welcoming Jennifer Manning to the Colliers Las Vegas office as Receptionist.

Jennifer will be responsible for front desk operations which include: greeting clients, answering phones, facilitating the flow of property inquiries and receiving and transmitting mail correspondence. In addition, Jennifer will be responsible for the coordination of company meetings and assisting brokers with general administrative tasks.

Prior to joining Colliers, Jennifer was a preschool teacher for 10 years. She is engaged to her fiancĂŠ Mike and will be getting married in January. Jennifer has a 6 year old daughter, Quinn and a 19 year old stepdaughter, Erica. In her spare time Jennifer loves to cook and bake, practice yoga, read, watch movies and spend quality time with family and friends.

Welcome aboard Jennifer!

Brandon Roper Please join us in welcoming Brandon Roper to the Colliers Las Vegas Valuation and Advisory Services Division. Brandon is a Senior Valuation Specialist, providing valuation and consulting services for the acquisition, deposition and financing of investment grade real estate.

Mr. Roper has valuation expertise in a variety of assignments including: mortgage lending, land leases, multifamily, office, retail, industrial and litigation. Brandon holds a Bachelor of Science in Hotel Resort Management from Southern Utah University.

Welcome aboard Brandon!

OKTOBERFEST

SAUSAGE TRUCK

OCTOBER 18TH

11:30-1:00PM

GRASS AREA AT THE OFFICE KING’S SAUSAGE FOOD TRUCK Join us and have some fun with your collegues to celebrate Oktoberfest!

FEATURED DEALS

RETAIL SALE

INDUSTRIAL LEASE

±24,447 SQUARE FOOT RETAIL PROPERTY A sale to Green Circle Foundation, LLC. The ±24,447 square foot retail property is located at 3815-3835 Blue Diamond Road in Las Vegas. The transaction amount was $9,100,000.00. Dan Gluhaich of Colliers International represented the buyer.

±19,328 SQUARE FOOT INDUSTRIAL PROPERTY A lease to United Cleaners. The ±19,328 square foot industrial property is located in Henderson Commerce Center II Phase I at 7365 Commercial Way, Suite 100110 in Henderson. Dan Doherty, SIOR, Paul Sweetland, SIOR, Chris Lane and Jerry Doty of Colliers International represented the tenant.

OFFICE SALE

OFFICE LEASE

±70,000 SQUARE FOOT OFFICE PROPERTY A sale to 325 SW LLC. The ±70,000 square foot office property is located in Park Place at 325 East Warm Springs Road in Las Vegas. The transaction amount was $8,700,000.00. Taber Thill, SIOR and Patti Dillon, SIOR of Colliers International represented the seller, GCCFC 2005-GGC Warm Springs Office.

±3,019 SQUARE FOOT OFFICE PROPERTY A lease to Crop Data Management Systems, Inc. The ±3,019 square foot office property is located in Airport Corporate Center at 376 East Warm Springs Road, Suite 220 in Las Vegas. Chris Connell and Grant Traub of Colliers International represented the landlord, Airport CC LLC.

INDUSTRIAL SALE ±36,019 SQUARE FOOT INDUSTRIAL PROPERTY A sale to Polar Shades, Inc. The ±36,019 square foot industrial property is located in Interstate Business Park at 5520 Stephanie Street in Las Vegas. The transaction amount was $4,400,000.00.

Dean Willmore, SIOR of Colliers International represented the seller, NGP Stephanie, LLC.

LAS VEGAS INSIDER | S E P TE M BE R 2 018

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FEATURED LISTINGS

±38.50 ACRES ON LAS VEGAS BOULEVARD MICHAEL STUART AND MIKE MIXER, SIOR •

On the world-famous Las Vegas Strip

•

FAA approved height allowance up to 505 feet

6425 MONTESSOURI STREET

2180 EAST PAMA LANE

CHRIS LANE AND JERRY DOTY

DEAN WILLMORE, SIOR

•

±46,691 Total SF at Park West Business Center

•

•

Situated near the I-15 and I-215 Southern Beltway Intersection

•

Lease Rate: $0.65 PSF NNN // CAMs: $0.14 PSF

±3.53 Acres available located just south of Sunset Road and west of Eastern Avenue

•

Tenant is responsible for all operating expenses, taxes and insurance

•

For Sale: $3,200,000

WEST RICHMAR AVENUE AND ARVILLE STREET

3012 SOUTH DURANGO DRIVE

STEVEN HAYNES • ±1.25 acres land in the southwest • Approximately 1.1 miles west of the I-15 and Silverado Ranch Off-Ramp, 9.1 miles west of McCarran International Airport and 6.7 miles south of the new Las Vegas Raiders Stadium • Sale Price: $395,000 or $7.25 PSF

ALEXIA CROWLEY, CCIM, LEED GA AND CHRIS CONNELL •

±15,163 SF single-story medical building

•

Outstanding frontage with unobstructed visibility on South Durango Drive

•

Sale Price: $3,639,000 ($239.99/SF) – below replacement cost

CONGRATULATIONS

Keith Cubba Achieves Senior Vice President Title In his role, Cubba will lead strategy and growth for the Las Vegas office and oversee some of the company’s largest transactions in the local commercial real estate market.

Cubba joined Colliers in 2005 and after four years of brokering investment sales at the company, he has since specialized exclusively in golf course sales. As the National Director of Colliers Golf Course Advisory Services (GCAS), Cubba has served as the lead or sole broker on the sale of 40 courses across 16 states and Canada.

“Keith is an expert in his specialty,” said Mike Mixer, Executive Managing Director for Colliers International – Las Vegas. “He works hard and always provides superior service to his clients while representing Colliers with the utmost integrity. He is completely deserving of this promotion and we appreciate his contributions to our team.”

Cubba has been recognized by Golf Inc. as one of the top brokers in the industry. He has been a contributor to Golf Digest’s Senior Editor Peter Finch’s articles on the business of golf as well as a contributor to articles by the National Golf Foundation on industry trends. In addition, Cubba has been one of 30 industry professionals surveyed by the Society of Golf Course Appraisers regarding investment and lending benchmarks.

Recent highlights include: recording two of the nation’s largest brokered golf course sale transactions over 2013 and 2014, the largest transaction nationally in 2015, sale of the No. 53 ranked course in the country in 2016, and the sale of the number 83 ranked course in the world in 2018. Cubba has also won multiple company awards including platinum achievement and biggest deal of the year. Congratulations Keith!

IN THE NEWS COLLIERS NEGOTIATES THREE OFFICE, RETAIL SALES TOTALING $19M IN LAS VEGAS http://rebusinessonline.com/colliers-negotiatesthree-office-retail-sales-totaling-19m-in-las-vegas/

September 18 THE NOTES: PHILANTHROPY - COLLIERS INTERNATIONAL – LAS VEGAS RAISED MORE THAN $130,000 FOR CHILDREN’S CHARITIES IN SOUTHERN NEVADA https://vegasinc.lasvegassun.com/business/ notes/2018/sep/17/the-notes-philanthropysept-17-2018/

September 17

NORTH LAS VEGAS READY FOR NEXT LEVEL AFTER GREAT RECESSION https://www.reviewjournal.com/local/north-lasvegas/north-las-vegas-ready-for-next-level-aftergreat-recession/

IN A DECK OF CARDS THE

KING OF HEARTS

IS THE ONLY KING WITHOUT A MOUSTACHE. HE IS ALSO STABBING HIMSELF IN THE HEAD.

September 05

LAS VEGAS INSIDER | S E P TE M BE R 2 018

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SA L SA

S H OW D OW N

On September 19 we competed for ultimate bragging rights for best Salsa recipe. Our winners included: Phil Dunning – Best Overall, Pat Watts – Best Mild, Taber Thill – Best Hot, and Grant Traub – Best Unique. We would like to recognize and give special thanks to Patti Dillon for preparing the entirety of the Taco Bar which included: Chicken, Ground Turkey, Shredded Beef, Beans, Rice, a myriad of toppings and sauces. Thank you to all that participated and congratulations to our winners.

CONGRATULATIONS, YOU MADE THE PLANE!

2018 SALES AWARD TRIP MAUNA KEA BEACH RESORT, BIG ISLAND, HAWAII

FRIDAY, MARCH 8 – TUESDAY, MARCH 12, 2019 VINCE SCHETTLER

PAT MARSH, SIOR

DAN GLUHAICH

DAN DOHERTY, SIOR

SCOTT GRAGSON

PATTI DILLON, SIOR

MICHAEL STUART

PAUL SWEETLAND, SIOR

TABER THILL, SIOR

CHRIS BENTLEY

CHRIS CLIFFORD

KEITH CUBBA

DEAN WILLMORE, SIOR

SPENCER PINTER

GARRY CUFF, CCIM*

BRIAN RIFFEL, SIOR

AL TWAINY, CCIM

TOM NASEEF, CCIM, SIOR*

GRANT TRAUB

STEVEN HAYNES*

*These brokers qualified for the plane in August

UPCOMING EVENTS NAIOP OKTOBERFEST 5:00pm Hofbrauhaus Las Vegas OCTOBER 3 BROKER MEETING 8:00am Main Conference Room OCTOBER 10

OKTOBERFEST

SAUSAGE TRUCK

OCTOBER 18TH

11:30-1:00PM

MONTHLY BIRTHDAY CELEBRATION 2:30pm Main Conference Room OCTOBER 25

SIOR LUNCHEON 11:30am Maggiano’s Fashion Show OCTOBER 10

SIOR FALL WORLD CONFERENCE Denver, CO OCTOBER 10–12

MONTHLY RETAIL MEETING 8:30am Main Conference Room OCTOBER 16

NAIOP BREAKFAST 7:30pm Orleans Hotel & Casino OCTOBER 18

MONTHLY OFFICE MEETING WITH GUEST SPEAKER 9:00am Main Conference Room OCTOBER 23 CCIM LUNCHEON 11:30am Westin Las Vegas Hotel OCTOBER 24 MONTHLY INDUSTRIAL MEETING 9:00am Main Conference Room OCTOBER 25

Office Closed OCTOBER 26 CCIM PUTT PUTT TOURNAMENT 4:00pm Angel Park Golf Club OCTOBER 30 HALLOWEEN OCTOBER 31 NAIOP BUS TOUR 11:00am Silverton Casino NOVEMBER 1

LAS VEGAS INSIDER | S E P TE M BE R 2 018

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LAS VEGAS BY THE NUMBERS: OTHER

OFFICE

8%

9%

SALE

80%

MULTIFAMILY

17%

AUGUST

AUGUST PROPERTY TYPES

RETAIL

13%

SALES VS. LEASE

INDUSTRIAL

LAND

47%

6% TOP 11 AGENTS OF THE MONTH AUGUST 2018 1. Dan Doherty 2. Dean Willmore

7. Tom Naseef 8. Paul Sweetland

3.

4.

5.

6.

9. Pat Marsh 10. Taber Thill 11. Patti Dillon

Garry Cuff Keith Cubba Steven Haynes Brian Riffel

61

AUGUST OFFICE TRANSACTIONS

AUGUST 2018 ANNIVERSARIES Robert Torres

1998

20 Years

Scot Marker

1999

19 Years

Andrew Kilduff

2011

7 Years

Brian Fike

2015

3 Years

Courtney Goffstein

2015

3 Years

Alex Stanisic

2016

2 Years

Mike Willmore

2017

1 Year

LEASE

20%

BROKER RANKINGS YTD 2018 1. Dan Doherty 2. Mike Stuart 3. Vince Schettler 4. Dean Willmore 5. Pat Marsh 6. Paul Sweetland 7. Scott Gragson 8. Brian Riffel 9. Chris Clifford 10. Keith Cubba 11. Spencer Pinter 12. Christopher Bentley 13. Patti Dillon 14. Taber Thill 15. Garry Cuff 16. Al Twainy

Vince Schettler Brian Riffel Dan Doherty Chris Clifford Mike Stuart Scott Gragson Dean Willmore

85/15 CLUB

17. Tom Naseef 18. Steven Haynes 19. Grant Traub 20. Dan Gluhaich 21. Chris Connell 22. David Grant 23. Mike Mixer 24. Scot Marker 25. Chris Lane 26. Jerry Doty 27. Phillip Dunning 28. Stacy Scheer 29. Patrick McNaught 30. Susan Borst 31. Steve Neiger 32. Robert Torres

Pat Marsh Chris Bentley Paul Sweetland Spencer Pinter Al Twainy Dan Gluhaich Mike Mixer

33. Brian Fike 34. Jeff Naseef 35. Alexia Crowley 36. Eric Molfetta 37. Sam Newman 38. Andrew Kilduff 39. Kara Walker 40. Suzette Lagrange 41. Phillip Frank 42. Rebecca Staniec 43. Chris Lobello 44. Joe Bonifatto 45. George Connor 46. John Kilpatrick

Grant Traub Patti Dillon Taber Thill Chris Connell David Grant Keith Cubba Garry Cuff

Tom Naseef Steven Haynes Scot Marker Chris Lane

1

BROKER OF THE MONTH

CO NG RA T UL A T IO NS DAN DOHERTY, SIOR Executive Vice President Industrial Division

MEET FINNEGAN JOSEPH DOHERTY His life revolves around his red lacrosse ball. He loves shopping at Trader Joes, Sam’s Club and Home Depot.

He is currently training to be a part time therapy dog for Paws 4R Heroes; his favorite charity. They source and train dogs for retired military veterans in need. They accept all forms of donations at the following website www.paws4rheroes.com

.O.T.M. ONATION

FINNEGAN

The Links for Life Foundation is donating in Dan Doherty’s name to the Heaven Can Wait Animal Society’s Tales for Tails Program

EVAN RANES, MAI ASA

Managing Director, Southern Nevada Valuation and Advisory Services Evan Ranes is the Managing Director of the Southern Nevada Region for Colliers International’s Valuation and Advisory Services Division. He has valuation expertise in a variety of assignments including: mortgage lending, condemnation (right-of-way), easements, conservation easements, land leases, agricultural land (row crops, hay and permanent), minority and fractional ownership interest, and going concerns.

Q

What is your favorite film?

A

GROUNDHOG DAY

Q

Who would you choose to be marooned on a desert island with?

A

Bear Grylls

Q

Have you baked a cake, who for and was it a success?

A

Spotted Dick for Christmas (family tradition)

Q

What is your favorite drink?

A

Dirty Martini

LINKS FOR LIFE

F O U N D A T I O N

LAS VEGAS INSIDER | S E PTE M BE R 2 018

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LAS VEGAS PHONE DIRECTORY INDUSTRIAL Susan Borst Dan Doherty Jerry Doty Tyler Jones Suzette LaGrange Chris Lane Pat Marsh Eric Molfetta Sam Newman Alyssa Parks Spencer Pinter Brian Riffel Alexander Stanisic Paul Sweetland Kara Walker Dean Willmore Mike Willmore Chris Zunis

LAND +1 702 836 3719 +1 702 836 3707 +1 702 836 3735 +1 702 836 3754 +1 702 836 3799 +1 702 836 3728 +1 702 836 3741 +1 702 836 3756 +1 702 836 3724 +1 702 836 3755 +1 702 836 3776 +1 702 836 3773 +1 702 836 3742 +1 702 836 3750 +1 702 836 3705 +1 702 836 3763 +1 702 836 3748 +1 702 836 3703

OFFICE Chris Connell Patti Dillon Phillip Frank Andrew Kilduff Rebecca Staniec Taber Thill

+1 702 836 3709 +1 702 836 3790 +1 702 836 3775 +1 702 836 3718 +1 702 836 3792 +1 702 836 3796

Scott Gragson Steven Haynes John Kilpatrick Pat McNaught Taylor Schettler Vince Schettler Mike Stuart Robert Torres

+1 702 836 3730 +1 702 836 3727 +1 702 499 8999 +1 702 836 3798 +1 702 836 3717 +1 702 836 3764 +1 702 836 3739 +1 702 836 3788

Chris Clifford George Connor Phillip Dunning Dan Gluhaich David Grant Amelia Henry Scot Marker Steve Neiger Brett Rather Al Twainy

+1 702 836 3746 +1 702 836 3786 +1 702 836 3766 +1 702 836 3757 +1 702 836 3785 +1 702 836 3774 +1 702 836 3782 +1 702 836 3760 +1 702 836 3794 +1 702 836 3725

Alexia Crowley Stacy Scheer

+1 702 836 3778 +1 702 836 3762

VALUATION SERVICES Richard Koldewyn Evan Ranes Brandon Roper

+1 702 836 3738 +1 702 836 3749 +1 702 836 3734

HOTEL/RESORT Mike Mixer Dharmesh Patel

+1 702 836 3777 +1 702 836 3713

INVESTMENT SERVICES Joe Bonifatto Brian Fike Tom Naseef Gabriel Skerlich Grant Traub

+1 702 836 3729 +1 702 836 3744 +1 702 836 3720 +1 702 836 3708 +1 702 836 3789

Keith Cubba

Christopher Bentley Garry Cuff Jeff Naseef Tom Naseef

PROPERTY MANAGEMENT Erica Aulino Valerene Corbin Kiara Davis Stacy Inness Jennifer Kennedy Breanna Lara Gretchen Lee Angelina Scarcelli

+1 702 836 3745 +1 702 836 3761 +1 702 836 3740 +1 702 836 3726 +1 702 836 3772 +1 702 836 3753 +1 702 836 3704 +1 702 836 3768

STAFF

GOLF COURSE +1 702 836 3733

MULTI-FAMILY RETAIL

MEDICAL OFFICE

+1 702 836 3779 +1 702 836 3716 +1 702 836 3731 +1 702 836 3720

Nicole Cauilan Courtney Goffstein Sara Johansson Gina Jones Jennifer Manning Matt Stater Chris Sutton

+1 702 836 3706 +1 702 836 3710 +1 702 836 3771 +1 702 836 3783 +1 702 836 3701 +1 702 836 3781 +1 702 836 3721

RECEIVERSHIP Christopher LoBello

+1 702 836 3714

MIKE MIXER

Executive Managing Director | Las Vegas

+1 702 735 5700