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Editorial Results (free)

1. Multifamily Survives Q4, Year -

The fourth quarter of 2009 proved to be a decent period for the local multifamily industry during an otherwise lackluster year. Though some market trends remained relatively unchanged from third quarter, the apartment sector enjoyed a rush of investment sales as more investors pulled the trigger on deals.

2. Conwood Acquisition Helps Salvage November Commercial Sales -

A single, high-dollar transaction helped salvage November’s commercial sales total, accounting for half of the dollar volume last month. Beyond that, the most noteworthy trend to arise from the most recent data was a dearth of activity as Shelby County nears the end of 2009 – the slowest year for commercial transactions in at least two decades.

3. New York Investment Company Buys Shelby Grove Apartments -

6320 Gillespie Road
Memphis, TN 38134
Sale Amount: $4.7 Million

Sale Date: Nov. 11, 2009
Buyer: Flynn Realty & Development Shelby Grove LLC
Seller: MAC LP
Details: The 98-unit Shelby Grove Apartments at 6320 Gillespie Road near Bartlett has sold for $4.7 million to Flynn Realty & Development Shelby Grove LLC of Syosset, N.Y.

4. Shelby Grove Apartment Complex Sells for $4.7M -

The 98-unit Shelby Grove Apartments at 6320 Gillespie Road near Bartlett has sold for $4.7 million to an entity called Flynn Realty & Development Shelby Grove LLC, whose address is listed in Syosset, N.Y. The seller was MAC LP, and the sale closed Nov. 11.