TCN netWORKING: TCN Worldwide Deals, Industry News and Highlight

TCN Worldwide Deals, Industry News and Highlights
  TCN Assignments

Ben Azulay at Bradford Allen Realty/TCN Worldwide in Chicago completed a tenant rep assignment with William Nice Jr. and Kevin Callahan at Hanna Commercial Real Estate/TCN Worldwide in Cleveland to secure his client flex space in the Cleveland area.

Esther Zar at MHP Real Estate Services/TCN Worldwide in New York and Erik Ulsaker at Long & Foster Commercial/TCN Worldwide in Washington DC completed a TCN assignment for a 10-year restaurant lease.


  CRE Industry News, Top Stories

U.S. banks loosened commercial real estate lending standards for first time in 3 years: Fed

Marketwatch: Banks eased standards on commercial real estate loans for the first time in almost three years, according to the Fed’s quarterly survey of senior loan officers, released on Tuesday.

Economy Watch: Number of Planned CRE Projects Jumped in April

Commercial Property Executive: Twelve projects each with a value of $100 million or more entered planning in April, up from six projects in March, according to the latest Dodge Data & Analytics report.

CRE Crowdfunding Firms Continue to Scale Up Platforms

National Real Estate Investor: Crowdfunding firms have put a lot of effort into educating accredited investors on real estate crowdfunding and real estate investing in general.
  TCN News, Deal Announcements & Member Highlights

Commercial Focus, Q1 2018: Top Ten TCN Worldwide Member Deals

TCN Update: Did you miss last week's Commercial Focus newsletter? Check out these top TCN member deals!

Starboard Commercial/TCN Worldwide Announces the Sale of 122 & 130 9th St. in San Francisco for $13,300,000

TMember Deal Announcement: Located in the popular SOMA District of San Francisco, the adjacent buildings included 122 9th Street, a two-story property with parking, and 130 9th Street, a three-story property was purchased for $13,300,000 by a local family investor group based in Marin County. The buyer was represented by Jerry Adamson of Starboard Commercial Real Estate/TCN Worldwide.

Bradford Allen/TCN Worldwide in Chicago Welcomes Wipfli to Tri-State Office Center

Member Deal Announcement: Dan Fernitz, Executive Managing Director of Bradford Allen Realty Services, is pleased to announce that the firm has recently completed a new lease with Wipfli LLP (Wipfli) for 33,431-square-feet at Tri-State Office Center in Lincolnshire, Illinois. Bradford Allen was named the exclusive leasing agent for the five-building, 560,000 square foot office, Class A office complex upon the sale of the property back in September 2017.

Paine Wentzel/TCN Worldwide in Chicago Arranges 387K-SF Warehouse Sale

Member Deal Announcement: TCN Worldwide principals Jerry Sullivan and Ed Wabick represented Great Lakes Reloading in the purchase of a 386,675-square-foot warehouse facility at 13535 S. Torrence Ave. Pricing was not disclosed. The new owners provide shipping and warehousing services.

Levrose Commercial Real Estate/TCN Worldwide has Completed the sale of a 20,134-Square-Foot Retail Strip Center for $3,600,000.

Member Deal Announcement: Levrose Commercial Real Estate/TCN Worldwide has completed the sale of a 20,134 square foot El Mirage retail strip center at 13915 N. Dysart Road. REM Plaza, LLC purchased the Rancho El Mirage Plaza strip center located just north of the northeast corner of Thunderbird and Dysart Roads in El Mirage, AZ from Casa Mirage Properties, LLC for $3,600,000. Trenton McCullough and Mark Cassell of Levrose Commercial Real Estate/TCN Worldwide facilitated the sale.

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