CTBUH Global News
May22

Written by:host
5/22/2009 11:53 AM 

High Rise Condos Hammered by Slow Market  

May 21, Las Vegas

One sector of the Las Vegas real estate market hit harder that just about any other is high rise luxury condominiums. At one point during the economic peak, more than 100,000 new units were on the drawing board. But only a fraction of those were ever built. Of those 100,000 announced units, a local research group says only about 10,000 have actually been built. For those units that are on the market, sales are stagnant...more

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