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Tag – Avison Young in Las Vegas

Las Vegas Multi-Family Vacancy Rates Expected to Drop

apartmentA report distributed by Avison Young regarding the Las Vegas multi-family market indicates “Activity in the Las Vegas multi-family market was very positive in the fourth quarter of 2014.  Vacancy went down almost 90 basis points from the previous quarter.  This is good news for the local market considering there were no new projects delivered.  With average asking rents remaining roughly the same as last quarter, vacancy is expected to continue to drop going into 2015.”

View the complete report.

Matt Bear Joins Avison Young in Las Vegas

Matt Bear Joins Avison Young in Las Vegas
MATT BEAR

Matt Bear has joined Avison Young’s brokerage operations in Las Vegas.  As principal, he will focus on capital markets, retail, and advisory services transactions in Southern Nevada. From 2002 to 2010, Bear served as chief investment officer and chief operations officer with Venture Development Group, a Las Vegas-based company that he co-founded. He most recently was a principal with Horizon Real Estate Advisors. 

Northwest Executive Center Sells for $1.7 Million

Northwest Executive Center Sells for $1.7 MillionPatience One LLC bought the 31,635-square-foot Northwest Executive Center, on 2.02 acres, at 3320 N. Buffalo Drive in Las Vegas for $1.7 million, or $54 per square foot, from Bank of America. Sun Commercial Real Estate’s Cathy Jones and her team represented the buyer; Madison Real Estate Group’s Joe Kimaz represented the seller. The 2-story building was 25% occupied at the time of sale.

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