TCN netWORKING: TCN Worldwide Deals, Industry News and Highlights

TCN Worldwide Deals, Industry News and Highlights

TCN netWORKING

TCN Assignments

Kenneth Schuckman of Schuckman Realty/TCN Worldwide in Long Island has sent a 40,000-square-foot landlord representation referral to Price Edwards & Company/TCN Worldwide's Tulsa office. The re-leasing effort will be overseen by Jim Parrack who is head of Price Edwards & Company's retail division.

Tony Delguyd of Hanna Commercial/TCN Worldwide in Cleveland has sent an industrial referral to a prospective member in Detroit. The tenant representation referral encompasses an 11,500-square-foot facility for a corporate client.

CRE Industry News, Top Stories

Investment Sales Volume Totaled Nearly $115 Billion in First Quarter

National Real Estate Investor: Some experts also say the uncertainty of last year’s stalled environment is lifting.

Construction Spending Drops to $1.285 Trillion in March from February as Private-Sector Demand for Construction Falls Amid Tariff and Trade Fears

Commercial Executive: Construction spending hit a seasonally adjusted annual rate of $1.285 trillion in March, down from the month before, but still up compared to a year ago, according to an analysis of new Census data by the Associated General Contractors of America.

TCN Worldwide Names New Regional VP

Commercial Property Executive: Paul Licausi holds more than 30 years of experience in the industry and will oversee the company's central regional operations.

TCN News, Deal Announcements & Member Highlights

Paine Wetzel/TCN Worldwide Facilitated the Purchase of a 105,217-Square-Foot Manufacturing Facility

Member Deal Announcement: Paine Wetzel principals Jerry Sullivan and Ed Wabick represented G & W Electric in the transaction for 245 Crossroads Parkway, located on a 12-acre site in Bolingbrook, Illinois.

Starboard Commercial/TCN Worldwide Announces Sale of Premier Retail Property in Roseville, CA for $4,511,000

Member Deal Announcement: Starboard Commercial Real Estate is pleased to announce the sale of 318 N. Sunrise Avenue in Roseville, CA. The 24,750-square-foot property was purchased for $4,511,000 by a San Francisco-based investor and is located in the Centre Pointe Regional Shopping Center.

Bradford Allen/TCN Worldwide in Chicago is Pleased to Present their 2018 Q1, Chicago Downtown Office Market Report

Member Market Report: This quarter in the downtown market: Office market activity in River West is officially tracked as the most recent submarket to join the CBD. Net absorption was positive 720,640 square feet. The direct vacancy rate dropped to 11.85% from 12.1%, and the average gross asking rent decreased to $39.38psf from $40.69psf, both compared to the previous quarter.

Price Edwards & Company/TCN Worldwide Welcomes New Associate, Michael Massad

Member Announcement: Price Edwards & Company/TCN Worldwide is proud to welcome new associate, Michael Massad. Michael P. Massad is a member of the Multifamily Investment Team at Price Edwards & Company in Oklahoma City.

Schuckman Realty/TCN Worldwide Adds Ilya Gamer to Investment Sales Team

Member Announcement: Gamer holds a Master’s Degree in Real Estate Development and Urbanism (MRED+U) from the University of Miami School of Architecture and a Bachelor’s Degree with a focus on Political Science and Sociology from Hunter College. He is fluent in Russian as well as English.

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