TCN netWORKING:  TCN Worldwide Deals, Industry News and Highlights

Congratulations! Starboard Commercial Real Estate/TCN Worldwide in San Francisco, CA has completed an assignment with Beitler Commercial Realty Services/TCN Worldwide in Sherman Oaks, CA.

Mark Meier at Starboard Commercial initiated the assignment and worked with Arthur Minassian at Beitler Commercial to complete this industrial transaction to procure new warehouse space.
 

Jon Butt at Long & Foster Commercial/TCN Worldwide in Vienna, VA referred a retail tenant rep. assignment to Russ Menk at Arrow Real Estate Services/TCN Worldwide in Philadelphia, PA.
 

Will 2021 Bring Property-Tax Relief?

Commercial Property Executive: COVID-19, wildfires, and civil unrest all threatened property values and tax revenues in 2020, notes Foster Garvey attorney Cynthia Fraser.

Online Shopping Achieves First $100B Month During Holidays

Connect Commercial Real Estate News: Online shopping for the 2020 holiday season reached $188.2 billion during November and December. That was up 32% year over year, according to Adobe Analytics.

These 11 Secondary Markets are Poised to Thrive

GlobeSt.com: Secondary markets have a greater appeal in the short run due to COVID-19, but they also address longer-term demographic trends.
 

We are Pleased to Announce This Year’s TCN Worldwide Board of Directors

TCN Update: We ended 2020 with a quick Board meeting to elect Officers and we are pleased to announce that Jerry Sullivan has assumed the Chairmanship of TCN and Bill Sitar is now our Vice-Chair. Tim Mitchell has taken on the role of Treasurer and Ben Azulay is our Secretary. We all owe a debt of gratitude to each of these individuals for sacrificing their time and expertise for our mutual benefit. We also owe a deep debt to Barry Beitler for his years of service on the Board and as Chairman. Barry will remain on the Board for another year and we will toast/roast him during our conference in Austin this fall but I urge each of you to reach out and offer some thanks for his years of steady leadership.

Pacific Coast Commercial Completed The Sale of Carriage Center West, a 4.47-acre Shopping Center Located in Poway, San Diego

Member Deal Announcement: $100 million Fairfield Residential Mixed-Use Project Planned for Poway—The property was purchased alongside former Poway Fun Bowl, totaling  6.60 net acres and two parcels. The development project which will be constructed by Fairfield Residential will contribute to a more cohesive Poway Road, as envisioned in the Poway Road Specific Plan. The development project will include 212 market rate apartment homes, approximately 11,364 SF of retail, and 9,955 SF of public plaza.  Dave Dilday, Director, Land Development, and Investment Sales of Pacific Coast Commercial represented the Seller, Gildred Family Properties on the sale.

Unique Properties/TCN Worldwide in Denver Completed the Sale of a 12,541 SF Building on a 34,924 SF Lot for $2,000,000

Member Deal Announcement: Brad Gilpin just sold 790 E. 51st Ave in Denver. This is a fantastic future development opportunity on an I-A zoned 34,924 SF lot with close proximity to RiNo and directly adjacent to the National Western Complex.

Bradford Allen Secures 180 N. Wacker Leasing Assignment in Chicago CBD

Member Deal Announcement: Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders, are pleased to announce that Bradford Allen has been appointed the exclusive leasing agent for 180 N. Wacker Drive in the Chicago CBD. The team of Andy DeMoss (Senior Managing Director, Downtown Agency Leasing) and Alex Gordon (Director) will lease the six-story, 75,826-square-foot brick-and-timber loft.