IRR December News: New Jersey’s foreclosure numbers and Las Vegas condo market
Jan 17, 2013
IRR’s commercial real estate experts are always offering insight on news and trends in local markets around the country. But in the end-of-year rush to close sales, you might have missed these December stories. Here are the highlights of what IRR was saying about commercial real estate last month:
1. NJ.com: Anthony S. Graziano, Executive Director of IRR’s Coastal New Jersey office, pointed to New Jersey’s unemployment rate as one reason why the state’s foreclosures remain high.
2. Commercial Property Executive: Shelli Lowe, Managing Director of IRR’s Nevada office, provided context for the sale of the Veer towers in Las Vegas, noting that the price per unit was a good deal for the buyer, LVT Owner LLC.
3. The Post and Courier: Among other memos and distinctions in the Charleston area, Scott Johnstone, Associate Managing Director at IRR’s Charleston, S.C., office, was recognized for receiving his MAI designation.