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Editorial Results (free)

1. Shelby Drive Apartments Sell for $1.4 Million -

1500 E. Shelby Drive
Memphis, TN 38116
Sale Amount: $1.4 million

Sale Date: Feb. 25, 2011
Buyer: Saddle Vineyards LP
Seller: Everbank
Loan Amount: $2.5 million
Loan Date: Feb. 28, 2011
Maturity Date: March 10, 2016
Lender: Triumph Bank

2. Greenview Estates Financed for $3.8M -

Brooklyn, N.Y.-based Greenview Estates LLC has financed the Greenview Estates Apartments at 4650 Hedges Drive through Wells Fargo Bank NA for $3.8 million.

3. Outlook Unsure -

Last week’s Commercial Property Forecast Summit painted a dour picture of the local real estate market, but the January numbers show that the commercial sector has a detectable pulse – at least for now.

4. New York Company Buys 158-Unit Greenview Estates in Raleigh -

4650 Hedges Drive
Memphis, TN 38128
Sale Amount: $3 Million

Sale Date: Dec. 17, 2009
Buyer: Greenview Estates LLC
Seller: Greenview Townhomes LLC
Loan Amount: $2.1 million
Loan Date: Dec. 17, 2009
Maturity Date: N/A
Lender: Bloomfield Institutional Opportunity Fund LLC

5. Raleigh Apartment Complex Fetches $3 Million -

The 158-unit Greenview Estates apartment complex at 4650 Hedges Drive in Raleigh has sold for $3 million to a New York-based entity called Greenview Estates LLC. The sale closed Dec. 17 and but wasn’t recorded until last week.