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."

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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.

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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.

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Blanchard retained 11 of the brokers who were let go by NAIHorizon, including retail broker Dave Johnson, who was tapped as aprincipal of the new office and will continue to be one along withDonovan and others. "We're stoked about what we have done,"Blanchard told GlobeSt.com at the time. "We're down to a core groupof people who want to be here."

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Having now landed one of the region's best known managingdirectors as its new leader here, Blanchard was more positive thanever. "It is stunning to go from the kind of stuff we were havingto deal with to having Vic Donovan as our new executive managingdirector," he says. "It is an amazing moment. I am excited to getback to Oregon and let Vic Donovan build this company--and he willbuild it."

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So why did Donovan go from head of the largest brokerage firm inthe region to an organization days removed from losing its LasVegas office altogether? Neither Blanchard nor Donovan are goinginto much detail, but local industry sources tell GlobeSt.com thatamong other things NAI Global is a known and growing brand thatoffered Donovan something Colliers hadn't: an ownership stake.

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"I was comfortable; I had a very nice job, loved the people Iworked with and could have stayed there until my last day and beenperfectly happy," Donovan tells GlobeSt.com. "But NAI put togethersuch a strong package that it turned out to be a phenomenalopportunity I could not turn down."

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Donovan in turn offers NAI Global something it hasn't had in LasVegas, a strong, well-known local leader who expects to get thelocal NAI office back up near the top of the brokerage pile in LasVegas. Now the largest brokerage firm in the city, Donovan saysColliers was the No. 3 or No. 4 firm in town when he arrived. Nowhe goes to NAI, which until it shut down a few weeks ago was theNo. 3 or No. 4 firm in town.

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At Colliers, where he spent the past 13 years, Donovan mostrecently oversaw all operational aspects of Colliers Internationalin Southern Nevada and acted as the Broker of Record for Colliersoffices in both the Las Vegas and Reno. In that role, he directedthe efforts of all property managers and brokers.

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Donovan also has a solid background in commercial propertymanagement and development, having done work for several majornational real estate and development firms, including, Perini Corp.and Perini Investment Properties, and PM Realty Group. Prior toColliers, he worked as a consultant and project manager ondevelopment projects for Resort Parks International, SEGA/Gameworksof Canada, the Alabama Transportation Museum, Mattel Toys, andnumerous leisure development and theme park companies.

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Donovan says he did not discuss with his fellow Colliers brokersthe talks he was having with NAI before leaving, saying it wouldhave been unethical. Now that he's gone, however, he will belooking to add productive brokers to the NAI team regardless oftheir current affiliation.

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"I am busy working on an operating, marketing and recruitmentplans," Donovan says. "We will build off the existing base to growall lines of commercial real estate, including property management.I haven't called a lot of people yet, but I've had a lot of peoplecall me."

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The new NAI Las Vegas office has room for about five morebrokers than it has now. With Donovan at the helm, it may beconsidering a larger lease sooner than initially expected.

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Colliers, meanwhile, is by no means left in the lurch. Takingover Donovan's role as local managing partner and Broker of Recordat Colliers is Michael Mixer, who formed Colliers International LasVegas in 1993 with partner James Stuart. Mixer is a top broker forthe organization and a member of the Colliers Board of Directors.The company has been the top commercial real estate firm in LasVegas for the last three consecutive years, according to localindependent reports.

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"Vic Donovan was a respected member of our team and we wish himwell in his future endeavors," states Mixer in a preparedstatement.

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