Division is Company’s first entry into residential market in the United States
LAS VEGAS, Dec. 4 /PRNewswire/ — Colliers International — Las Vegas, today announced the formation of a new division within the company that will specialize in the sales and leasing of resort condominiums, estates and fine luxury homes in Southern Nevada.
Colliers International has long been known as one of the largest and most successful commercial brokerage firms in the country. However, the formation of this new division in Las Vegas is the first entry for the company into the residential market in the United States.
The new division will exclusively handle residential properties valued more than $1 million, and there will be a combination of both listing agents and buyer agents.
“In the International market, Colliers has had decades of experience in high-end residential real estate,” observed Vic Donovan, senior managing partner of Colliers International — Las Vegas, “particularly with the sale of castles and large estates in England and Ireland, as well as luxury residences in Asia, Australia and the Pacific Rim.”
In forming the new Luxury Properties Division, Colliers International — Las Vegas is taking advantage of its marketing
presence throughout the world and capitalizing on the fact that Las Vegas has itself become an international destination for businesses and second residences.
“My colleagues at Colliers across the globe state that their clients have a voracious appetite for anything that has to do with Las Vegas,” Donovan said. “This includes the desire for individual and corporate residences as well as corporate retreats to complement office and commercial space.”
Michael Mack was named as vice president of the new division, and six agents have been hired to manage the initial listings.
“The demand for this service is already evident,” said Donovan. “We haven’t even formally announced the formation of the division, and already we have several listings for high-end residences, ranging from $4 million to $9 million.”
The Luxury Properties Division also has been contacted by Colliers offices in Cancun, Hong Kong/Macau, Dubai, Sao Paolo, and London to establish cooperative networks for national and international residential sales, and the team has been invited to England and Ireland to make presentations on the Las Vegas high-end residential market.
“With the strength of foreign currency right now, there is extensive interest in luxury homes throughout the United States for investment as well as for personal use. We fully expect that the reach of this office will extend regionally and nationally, as well as internationally,” Donovan stated.
Colliers International — Las Vegas sets the standards in Southern Nevada for providing superlative services in commercial real estate sales, leasing and management. It employs more than 72 people in broker and staff positions specializing in office, retail, industrial and land sales. The creation of the Luxury Properties Division adds a complimentary new addition to that level of service.
Colliers International is one of the largest commercial real estate firms in the world with more than 267 offices in 57 countries in the Americas, Europe, the Middle East, Africa and greater Asia. Colliers International — Las Vegas is part of the Colliers International, with 13 offices in Northern California, Las Vegas and Reno.
SOURCE Colliers International — Las Vegas
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