Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LAS VEGAS, NV-The Walnut Creek office of Colliers International recently secured the property management and leasing contract for Lowe’s Buffalo Center, a 187,000-sf retail development in Las Vegas.

“We have demonstrated growth over the past two years to more than 9 million sf under management and this contract adds to that success,” says Mike Strle, vice president and managing partner of The Real Estate Management Services Group at Colliers. REMS Walnut Creek office provides leasing, property management, asset management, management practices and lease administration for more than 8.8 million sf in Northern California, Reno, NV, Las Vegas and Austin, TX.

According to Colliers latest report, the overall retail vacancy rate in the Las Vegas market remained stable at 2.1% for the first quarter of 2001 and showed a drop of 0.7% points from the first quarter of 2000. Buffalo Center is defined as a power center, which is a shopping center dominated by several large anchors including discount department stores, off-price stores and warehouse clubs. Power centers actually saw a decrease in their overall vacancy rate to 0.9% in the first quarter of 2001 from 1.8% in the fourth quarter of 2000.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.