TCN netWORKING:  TCN Worldwide Deals, Industry News and Highlights

Jonathan Rosenberg of Levrose Commercial/TCN Worldwide in Scottsdale referred an assignment to Marc Lippitt and Justin Herman at Unique Properties/TCN Worldwide in Denver to help his client purchase flex space for their Colorado headquarters. 
 

Alison Blalock and Karen Higgins of WestMark Commercial/TCN Worldwide in Lubbock referred an Industrial Disposition Assignment to Grant Pruitt, SIOR and Sean Smith at Whitebox Real Estate/TCN Worldwide in Dallas. 
 

WeWork’s Multibillion-Dollar Takeover by SoftBank Could Turn Into a Money Pit

NY Times: WeWork said it was going to transform the market for office space, reinvent the way people work and elevate the world’s consciousness. But in recent weeks, the brutal reality beneath the lofty visions has emerged.

CoStar Awarded Record $500M Settlement From Xceligent In Copyright Suit

Bisnow: CoStar Group's legal battle with Xceligent appeared to fade when its competitor shut down nearly two years ago, but new documents show the dispute has continued behind the scenes, and CoStar just won a major victory.

Investor Demand for Commercial Real Estate at 7-Year High – Survey

Pensions & Investments: Global institutional investor appetite for commercial real estate is the highest it's been in seven years, according to an annual survey conducted by Hodes Weill & Associates and Cornell University's Baker Program in Real Estate.

TCN Worldwide's 2019 Pigskin Pick'em: Congratulations to Marty Cleckler with WestMark Commercial/TCN Worldwide in Lubbock for winning week #7, with 12 correct picks and the winning Tie Breaker score!

TCN Update: We're almost halfway through the season! Keep those picks coming... The first game for week #8 is Thursday, October 24th at 8:20 PM (ET).

Unique Properties/TCN Worldwide in Denver Brokers Rare 25-Tenant Industrial/Flex Portfolio Sale

Member Deal Announcement: Unique Properties’ Myers/Cook team is proud to announce the sale of Huron Business Center. Located at I-25 & 115th Ave in Northglenn Colorado, this 78,187 square foot multi-tenant industrial/flex project was highly sought-after. Tom Myers and Jake Cook represented the buyer in the $11M purchase at a cap rate of 6.2%.

Norris & Stevens, Inc./TCN Worldwide in Portland Brokers $10.25M Sale of Columbia Shores Office Building in Vancouver, Washington

Member Deal Announcement: Bill Naito Company recently completed the $10,250,000 purchase of an approximately 42,078 square foot office building at 501 SE Columbia Shores Boulevard in Vancouver, Washington. Raymond Duchek and Thomas McDowell with Portland-based Norris & Stevens, Inc. represented Bill Naito Company in the transaction.

Whitebox Real Estate/TCN Worldwide in Dallas Released their Q3 2019 Office & Industrial Market Reports

Member Market Reports: The Texas economy continued to grow for yet another quarter, and August marked the 112th consecutive month for positive growth of nonfarm employment in the State of Texas. Learn more in their Q3 2019 Office Market Beat and Q3 2019 Industrial Market Beat.