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Commercial Property Sales Down in Charlotte - 081709
CRE News

Commercial property sales for the Charlotte, N.C., area dropped 81 percent for the year ending June 30 to $450 million,
according to LoopNet. The commercial real estate listing service said that the biggest drop came in the industrial sector,
which had $77 million in sales compared to $579 million in June 2008. Office property sales fell to $128 million from $650
million a year earlier, while retail sales dropped to $185 million from $298 million.

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