|TCN Worldwide Deals, Industry News and Highlights|
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| TCN Assignments|
Brent Fredricks of Moody Rambin/TCN Worldwide in Houston with Raymond Duchek and Thomas McDowell at Norris-Stevens/TCN Worldwide exclusively represented PEIT, LLC in the sale of 505 N Oak Street, a 6,786 SF NNN leased AutoZone in Pearsall, Texas. Moody Rambin’s affiliation with TCN Worldwide provided the referral, which was initiated by TCN's Portland affiliate, Norris & Stevens.
Russ Menk of Arrow Real Estate Services/TCN Worldwide in Philadelphia and Bill Falagaris of Barclay Street/TCN Worldwide in Calgary, who initiated the TCN referral, completed a seven-year, 9,000 SF office lease in the Philadelphia area. Buildout has been completed and the tenant is scheduled to move in May 31st.
| CRE Industry News, Top Stories|
Six Takeaways from RECon 2018
National Real Estate Investor: The sentiment among retail real estate professionals remained upbeat at this year’s RECon. Here are six key points real estate professionals shared during the second day on the showroom floor.
The Amazon Effect: A Look at What Getting HQ2 Would Mean for Each Market
National Real Estate Investor: Landing Amazon's HQ2 could lead to rent bumps in office, retail and multifamily properties for years for the winning market, according to CoStar research.
Economy Watch: US Economic Growth Stable in 2018, To Dip in 2019
Commercial Property Executive: A slight pickup in consumer spending in March suggests there is still room for growth in the coming quarters, with corresponding boosts to GDP, according to the Fannie Mae Economic and Strategic Research Group's May 2018 Economic and Housing Outlook.
| TCN News, Deal Announcements & Member Highlights|
TCN Worldwide Welcomes McKinney Capital & Advisory as Its Newest Member Firm
TCN Update: We are pleased to announce McKinney Capital & Advisory as the newest member firm to be selected to join TCN Worldwide. Based in San Diego and serving clients internationally, McKinney Capital & Advisory/TCN Worldwide is an all-in-one commercial real estate wealth management firm with over 3 decades of market knowledge.
Mericle Commercial/TCN Worldwide Developing Two-Building Project at 200 Technology Drive
Member Deal Announcement: Steel is rising on two 434,000 square foot bulk industrial buildings at 200 Technology Drive in CenterPoint Commerce & Trade Park East near Pittston, PA. Project developer Mericle Commercial Real Estate Services reports the buildings will be ready for tenants by the fall of 2018.
Unique Properties/TCN Worldwide in Denver Sells Stone Pony Bar & Lounge (for Land) in the Santa Fe Art District
Member Deal Announcement: Gregg Knott, Executive VP & Pete Foster, Senior Broker of Unique Properties, Inc. are proud to announce the sale 1301 North Santa Fe Drive, Denver CO for $1,650,000. The 3,303 Square Foot, colorful building was marketed as a land development opportunity and sits on 12,000 Square Feet of prime Denver land. The C-MX-8 zoning, plus the UO-1 & UO-2 overlays, permit a multitude of uses for the new owner.
MHP Real Estate Services/TCN Worldwide: Debt-Consolidation Firm Takes Big Lease At 180 Maiden Lane
Member Deal Announcement: Consumer-debt resolution company National Debt Relief is taking around 95K SF at 180 Maiden Lane, which is owned by MHP Real Estate Services and Clarion Partners. National Debt Relief will be moving from 11 Broadway, and will take space at floors 29, 30 and 31 at 180 Maiden by the end of the year.
Price Edwards & Company/TCN Worldwide in Oklahoma City Signs Lease Renewal with Cleats for Kids
Member Deal Announcement: Cleats for Kids is renewing and expanding its lease at Chesapeake Community Plaza, now owned by The Oklahoma Center for Nonprofits, Inc. and managed by Price Edwards & Company.
Trent Dickey, Vice President at Schuckman Realty/TCN Worldwide Honored by New York Real Estate Journal as a “2018 Ones to Watch”
Member Announcement: “Establishing a positive culture of open communication, accountability and teamwork is key. With hard work and by continuously striving to support and keep my team in sync, motivation will naturally follow. When you spend time together celebrating successes and working through challenges, I find you learn to lean on each other’s strengths while building up your own.”