TCN netWORKING:  TCN Worldwide Deals, Industry News and Highlights

Congratulations! Norris & Stevens, Inc. and Signature Associates Worked Together to Broker Two Ground Leases for $3,769,192!

Consisting of two ground leases with two separate buyers, Norris & Stevens, Inc. and Signature Associates worked together to broker the CVS Ground Lease, 53069 Van Dyke Ave in Shelby Township, MI, for $1,725,000.00 with a 6.36% Cap and Chase Ground Lease, 45320 Michigan Ave in Canton Township, MI, for $2,044,192.00 with a 6.48% Cap.

Raymond Duchek and Thomas McDowell with Norris & Stevens, Inc./TCN Worldwide in Portland initiated the assignment and worked with Griffin Pitcher and Luke Timmis with Signature Associates/TCN Worldwide in Detroit to close the transactions.

Raymond Duchek, vice president of investment properties at Norris & Stevens added, "One of our clients in Oregon owned two ground leases in Michigan that they wanted to sell. We reached out to Signature Associates through TCN and were connected with Luke Timmis and Griffin Pitcher. Luke and Griffin did a tremendous job for our client generating over 15 offers and getting both deals closed in a timely manner. It was a very seamless process; we hope to work with them again!"
 

CoStar Sues CREXi Alleging 'Massive' Copyright Infringement, IP Theft

Bisnow: CoStar Group is bringing another competitor to court over claims it stole the commercial real estate data giant's intellectual property.

12 Takeaways from Day One of the ICSC Retail in the Age of COVID-19 Conference

National Real Estate Investor: Day one of the ICSC virtual conference focused on how retailers and landlords plan to rebound from the current situation.

How Property Managers Can Stay on Top of the Crisis

Commercial Property Executive: Property managers have become significant players in tackling the pandemic. They have not only been tasked with keeping their communities healthy but have also been faced with the challenge of continuing business with minimal disruptions.
 

TCN Worldwide Webinar: CRE Financial Analysis, presented by Todd Kuhlmann, CCIM

TCN Update: If you missed this insightful session the recording is available through the TCN website. Todd was one of the instructors at the TCN Institute this year and was very highly rated by the participants. We have partnered with him to provide several webinars during the coming year highlighting different financial analysis topics. This is the first webinar of the series.

Landmark Commercial Realty Inc./TCN Worldwide in Harrisburg Announces Recent Transactions

Member Deal Announcement: Landmark Commercial Realty Inc. announced the completion of several recent transactions including a new long-term lease at 1001 AIP Drive in Middletown for 110,000 SF of warehouse space and the sale of a 52,000 SF industrial NNN leased property located at 99 Industrial Rd., Elizabethtown, in Conewago Industrial Park.

Unique Properties/TCN Worldwide in Denver Announces the Completion of Four Transactions.

Member Deal Announcement: Unique Properties reported several recently completed transactions including a 20,000 square feet industrial sale at 3251 S. Zuni St. in Englewood for $2.25 million and three lease transactions totaling 6,800 square feet.

Pacific Coast Commercial/TCN Worldwide in San Diego Sold a Freestanding Office/Retail Building at 7584 University Avenue, La Mesa, CA for $1,200,000

Member Deal Announcement: Pacific Coast Commercial sold a freestanding office/retail building located on University Ave in La Mesa has for $1,200,000. Martin F. Alfaro represented the seller on this transaction.