A 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.”
Tag – Avison Young in Las Vegas
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.