Brian Reece of Karnes to Discuss Triangle Commercial Market Conditions at July 21st IREM Meeting
Local real estate professional to address current market condition in the Triangle area


RALEIGH, NC, July 10, 2010 /24-7PressRelease/ -- The Greater Raleigh-Durham Chapter 105 of the Institute of Real Estate Management's (IREM) July meeting will feature speaker Brian Reece, Managing Partner at Karnes. Reece will present "Triangle Market Snapshot: Office, Retail, Industrial, and Apartments" at noon on Wednesday, July 21st at One Eleven Place/Raleigh Board of Realtors located at 111 Realtor's Way in Cary.

Reece joined Karnes in 1996 as the Director of Research Services and has been in charge of tracking the Charlotte, Triangle, and Asheville commercial markets that comprise more than 213 million square feet of office, industrial and retail properties, as well as more than 82,000 apartment units in the Raleigh-Durham area. He has also consulted public and private sector clients on issues such as economic development, housing, retail demand, office and industrial demand, apartment feasibility, and demographics.

Reece has been a frequent speaker of the Greater Raleigh-Durham IREM Chapter—providing market forecasts to the organization's real estate membership. During his presentation, he will be discussing overall trends in vacancy rates, rental rates, net absorption, and current and future developments.

"It's always a privilege to be asked to speak with the members of IREM," says Reece. "It's an invaluable resource for the real estate industry, and I'm proud of my association with such a professional and highly regarded association." Reece hopes that the audience will leave having a better clarity of current market conditions in the Triangle area and take with them a projected forecast for the next 12-18 months.

Current IREM president, Tracey Johnson, CPM , says that Reece's presentations are a highlight of their presentation season and are always well attended by members of the real estate community. He says he expects this meeting to be no exception.

"We're always grateful for Brian giving [IREM] his time to present such important and relevant information to our membership," says Johnson. "His industry insights, experience, and expertise always make him a valued speaker. Given the current uncertainty of the real estate market, Brian's presentation is extremely timely and will be of particular importance to the real estate professional."

About the Greater Raleigh-Durham Chapter 105
The Greater Raleigh-Durham Chapter 105 is one of ninety IREM chapters that are located throughout the US and Canada. The organization offers courses in many other countries including Poland, Spain, Russia, Brazil, Canada, Chile, Japan and Mexico. Our mission as property managers in this area is to be committed to professionalism and ethics within the property management industry. For more information about our Chapter, visit www.irem105.org.

About Karnes
KARNES was founded in 1990 and is a leading provider of economic and market solutions and services. Karnes' solutions and services enable organizations and professionals to make critical decisions regarding the market and new opportunities. The company is best known for its quarterly market reports covering the office, industrial and retail markets in Charlotte, Raleigh-Durham, Greensboro/Winston-Salem/High Point, and Asheville, also provides a spectrum of consulting services. For more information, visit www.karnesco.com.

Press Contacts:
Tracey A. Johnson, CPM , President
Drucker and Falk
(919) 846-7300
tjohnson@druckerandfalk.com

Candi McDowell, Administrator
York Properties
(919) 821-1350
candimcdowell@yorkproperties.com

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