Colliers Las Vegas is part of a 13-office Colliers franchisebased in San Jose, CA. The new luxury properties division willexclusively handle resort condominiums, estates and fine luxuryhomes valued at more than $1 million, and will have both listingagents and buyer agents.

Although not in the US, Colliers has been involved in high-endresidential real estate internationally for many years. Some of thehigher-end work includes the sale of castles and large estates inEngland and Ireland, as well as luxury residences in Asia,Australia and the Pacific Rim.

"With the strength of foreign currency right now, there isextensive interest in luxury homes throughout the United States forinvestment as well as for personal use," says Vic Donovan, seniormanaging director of Colliers Las Vegas. "We fully expect that thereach of this office will extend regionally and nationally, as wellas internationally."