Announcement

TCN netWORKING:  TCN Worldwide Deals, Industry News and Highlights

TCN Worldwide Deals, Industry News and Highlights
 
 TCN netWORKING
  TCN Assignments

Congratulations to Levrose Commercial Real Estate/TCN Worldwide in Phoenix and Barclay Street Real Estate/TCN Worldwide in Calgary on this recently completed transaction.

Triumph Real Estate Investment Fund, a Canadian Investment Fund associated with TCN member firm Barclay Street Real Estate, acquired a mixed-use Industrial/Office building located in Scottsdale, AZ for $4,675,000.00 USD, at a 6.9 Cap Rate.

The Property is comprised of 29,000 square feet mixed and is located in the highly desired Scottsdale Airport Business Park. Jon Rosenberg, Jason Reddington, and Keri Davis with Levrose Commercial Real Estate/TCN Worldwide negotiated this acquisition on behalf of Triumph. 

  CRE Industry News, Top Stories


Imports Set New ‘Peak Season’ Record as Retailers Prepare for Holidays

Connect Commercial Real Estate News: Imports likely saw their busiest “peak season” on record this summer and fall as retailers replenished inventories and stocked up for the holiday season, according to the monthly Global Port Tracker report released on Monday by the National Retail Federation and Hackett Associates.


Converting Distressed Malls Into Industrial Assets: Q&A

Commercial Property Executive: Powers Brown Architecture’s Nazir Khalfe weighs in on the viability of turning underperforming retail assets into last-mile facilities that serve the growing e-commerce industry.


Industrial, Multifamily Price Gains Drove Modest CPPI Increases During the Fall Months

National Real Estate Investor: Upticks in prices of industrial and multifamily assets and some alternative property types this fall resulted in increases in overall Commercial Property Price Indexes of the three major market trackers.
 

  TCN News, Deal Announcements & Member Highlights


TCN Worldwide Spotlight: Norris & Stevens/TCN Worldwide in Portland and Signature Associates/TCN Worldwide in Detroit Broker Two Ground Leases for $3,769,192

TCN Update: TCN’s latest Member Spotlight features Norris & Stevens/TCN Worldwide in Portland and Signature Associates/TCN Worldwide in Detroit. 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, 45230 Michigan Ave in Canton Township, MI, for $2,044,192.00 with a 6.48% Cap.


Mericle Commercial/TCN Worldwide in Wilkes-Barre, PA Brings Wren Kitchens, Europe’s Number One Kitchen Retail Specialist to Hanover Township. The project is expected to create approximately 360 jobs

Member Deal Announcement: Europe’s number one kitchen retail specialist, Wren Kitchens, is opening its first U.S. manufacturing facility and office in Hanover Industrial Estates, Hanover Township, Luzerne County. The company has leased a 252,000 square foot industrial building at 1070 Hanover Street from Mericle Commercial Real Estate Services where it will manufacture and distribute its kitchens and has also leased 10,046 square feet of office and call center space from Mericle at 1110 Hanover Street.


Moody Rambin/TCN Worldwide in Houston Announces Several Recently Completed Transactions

Member Deal Announcement: Moody Rambin/TCN Worldwide in Houston announced several recently completed transactions, including a 9,809 square feet lease renewal at Town Centre I located at 750 Town and Country Boulevard and a land sale of .19 acres in downtown Houston.


Levrose Commercial Recognized by CoStar in the 2020 Q3 Power Broker Quarterly Office Deals for Phoenix

Member Deal Announcement: Congratulations to Jason Reddington and Keri Davies at Levrose Commercial/TCN Worldwide on being recognized by Costar in the 2020 Q3 Power Broker Quarterly Deals for office leases. Levrose Commercial/TCN Worldwide represented the landlord in a 13,576 SF lease.

 

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