The addition is a huge boon for NAI Global, which had aPhoenix-based licensee, NAI Horizon, abruptly close down the onlyNAI office in Las Vegas, which employed 30 brokers. An NAI Horizonexecutive told GlobeSt.com at the time that the Las Vegas officehad seen a "huge downturn" in activity and was "requiring cashresources [from the ownership] to basically keep the doorsopen."

Local industry sources tell GlobeSt.com that part of the reasonthe office was struggling was its office space. The company wasreportedly paying approximately $40,000 per month to lease 14,000sf of high-end space at Marnell Corporate Center but was never ableto fill it with enough brokers.

Regardless, NAI Global was made aware of the pending closureshortly before it happened and dispatched Oregon-based ExecutiveVice President, David Blanchard to Las Vegas to get acorporate-owned office up and running as soon as possible. Withindays of the closure, Horizon was no longer the NAI licensee in LasVegas and Blanchard had secured smaller office space –approximately 2,000 sf at 4069 Dean Martin Dr. – and opened a new,corporate-controlled office.