|TCN Worldwide Deals, Industry News and Highlights|
| TCN netWORKING|
| TCN Assignments|
Norris & Stevens/TCN Worldwide in Portland and Whitebox Real Estate/TCN Worldwide in Dallas Worked Together to Complete a $1.25 Million Sale!
Congratulations! Charles Conrow of Norris & Stevens/TCN Worldwide in Portland initiated the assignment and worked with Matthew Otte at Whitebox Real Estate/TCN Worldwide in Dallas to complete this 3,300+ SF transaction valued at $1,250,000.
| CRE Industry News, Top Stories|
Higher Expectations for Deliveries Lead to Exponential Industrial Sector Growth
RE Business Online: Ten year's growth in 3 months...E-commerce growth has resulted in growth in the industrial sector as the need for last-mile delivery and third-party logistics space increases. Similarly, urban infill demand has grown in supply-constrained markets. Finally, the supercharging the industrial sector has created a need for new construction in this asset class, and construction lenders are finding new opportunities to earn higher returns.
'Positive Mojo' Amid Election Confusion
Bisnow: The 2020 presidential election remained undecided Wednesday as commercial real estate executives watched both the results and confusion roll in through the wee hours of the morning.
CMBS Delinquencies Decline As Forbearance Increases: Trepp
Commercial Property Executive: The decreasing overall national rate follows significant spikes in May and June. The Trepp CMBS delinquency rate fell for the fourth-consecutive month in October to 8.28 percent.
| TCN News, Deal Announcements & Member Highlights|
Norris & Stevens/TCN Worldwide was Recognized as the #4 and #7 Top Office Leases for Portland by CoStar in their 2020 Q3 Power Broker Quarterly Office Deals
Member Deal Announcement: Congratulations to Tim Pfeiffer who represented the landlord in a 9,500 SF lease at 1800 Blankenship Road, West Linn, OR as well as to Duane Link, Luis Martin del Campo, and Henry Bishop who represented the landlord, Standard Insurance Company, in a 7,834 SF lease at 900 SW 5th Ave., Portland, OR.
Price Edwards/TCN Worldwide in Oklahoma Recognized by CoStar for Four Transactions Completing During Q3
Member Deal Announcement: Congratulations to Craig Tucker who was awarded a Top Office Lease Deal in Oklahoma City for Q3 as part of CoStar's Quarterly Power Brokers announcement as well as Tom Fields who completed two of the Top Office Leases in OKC, and Tanda Francis who was awarded one of Costar's Top Property Sales Deals and Top Office Leasing Deals for Tulsa, OK.
Moody Rambin/TCN Worldwide Completes a 33,000 SF Warehouse Sale in Houston, Texas
Member Deal Announcement: An undisclosed buyer purchased Bennington Street Business Park, a two-building warehouse portfolio totaling 33,000 square feet at 301 Bennington Street in northeast Houston. Jim Autenreith and Stephen Ghedi of Moody Rambin’s Industrial and Investment division represented the seller.
MSC Commercial/TCN Worldwide in Sarasota Released their Q3 2020 Market Report
Member Market Report: The effects of the coronavirus on the tri-county area commercial market remain unclear. Although data from the third quarter is providing greater clarity about local conditions and the short term real estate outlook, there remains uncertainty surrounding market dynamics and long-term effects. Office Tenants are evaluating what their mid- to long-term office footprint looks like in a post-COVID world. With the growth of consumer online shopping, Industrial/Flex Tenants are increasing warehouse/distribution space. The retail market will continue to be supported by residential development in our tri-county area.