TCN netWORKING: TCN Worldwide Deals, Industry News and Highlights

Congratulations! Signature Associates/TCN Worldwide in Detroit has completed an assignment with Levrose Commercial/TCN Worldwide in Scottsdale.

Greg Hudas at Signature Associates initiated the assignment and worked with Michael Waxman, CCIM at Levrose Commercial to complete this transaction valued at $10+ Million.
 

Bradley Gilpin at Unique Properties/TCN Worldwide in Denver referred an industrial tenant rep. assignment to Brooke Henningsen and Kelli Mills at Arrow Real Estate Services/TCN Worldwide in Philadelphia, PA.
 

Strong Fall Leasing Numbers Entice Student Housing Investors

Wealth Management Real Estate: Off-campus student housing has fully rebounded from the hit it took during the pandemic as students have fully returned to campus.

Third Quarter Industrial Absorption Shatters Previous Highs

GlobeSt.com: Net absorption numbers exceeded 158.8 million square feet, the largest quarterly increase since 2008.

Largest US Industrial Park to Expand

Commercial Real Estate Executive: More speculative space will soon hit the suburban Houston market. TGS Cedar Port Industrial Park, the largest master-planned, rail-and-barge-served industrial park in the U.S. at over 15,000 acres in Baytown, Texas, will soon provide more leasing options now that work has commenced on two spec buildings.
 

Pacific Coast Commercial/TCN Worldwide in San Diego Brokers the Sale of 2831 Camino Del Rio South, a 28,564 SF Office Building that Sold for $5,750,000

Member Deal Announcement: The property consisted of two office buildings located on an approximately 2.17-acre lot and was 95% leased at the time of sale. The seller will be participating in a 1031 exchange and purchasing an up-leg property outside of California. The Buyer intends to hold the property as an investment. Pacific Coast Commercial represented both the Buyer, Camino Del Rio South LLC, and the Seller, Medical Real Estate Partners 6 LLC.

Norris & Stevens, Inc./TCN Worldwide in Portland Brokers $2.95M Sale of Multi-Tenant Industrial Building in Wilsonville, OR

Member Deal Announcement: CCTPI, LLC recently completed the $2,950,000 purchase of Wilsonville Commerce Center Building A, an approximately 18,947 square foot, multi-tenant industrial building located at 9725 SW Commerce Circle in Wilsonville, Oregon. Scott Finney, Nick Chessar, Thomas McDowell, and Raymond Duchek with Portland-based Norris & Stevens, Inc. represented both the Buyer and Seller in the transaction.

Signature Associates/TCN Worldwide in Detroit Announced the Completion of Several Recent Office Transactions

Member Deal Announcement: Signature Associates announced the completion of several recent Office transactions consisting of over 200,000 square feet including the sale of 27301 Dequindre Road in Madison Heights, MI at 47,000+ square feet.