TCN netWORKING:  TCN Worldwide Deals, Industry News and Highlights

Congratulations! Hanna Commercial and Premier Commercial Worked Together to Close this approx. 3,000 SF Five-Year Lease!

Hanna Commercial Real Estate/TCN Worldwide in Cleveland has completed an assignment for roughly 3,000 SF of flex space with Premier Commercial/TCN Worldwide in Indianapolis. Brennan Tilow at Hanna Commercial initiated the assignment and worked with Glenn Davis and Thomas Ferguson at Premier Commercial to complete this transaction.

David O'Neill, SIOR, and Diana Whisenant, SIOR at Hanna Commercial/TCN Worldwide in Cleveland referred a land disposition assignment to Bob Cromwell and Zack Taylor at Moody Rambin/TCN Worldwide in Houston.

How to Withstand Retail Disruptions, Find Opportunity

Commercial Property Executive: Lessons from previous crises will help owners survive the current market upheaval, according to Patrick Toomey of Institutional Property Advisors.

Why the FTC Is Trying to Block CoStar’s $600M Acquisition of RentPath

Commercial Observer: CoStar Group’s apparent quest to control all of the real estate industry’s data has run into a significant obstacle: federal antitrust law.

Commercial Real Estate Executives Optimistic Despite Serious Current Market Challenges

The Real Estate Roundtable: A quarterly survey of commercial real estate industry leaders reflects optimism about market conditions, despite ongoing serious COVID-related challenges. Sentiment is somewhat buoyed by positive supply, demand, and capital access, as well as hopeful expectations for a vaccine.

Price Edwards/TCN Worldwide in Oklahoma Brokers $4,275,000 Sale

Member Deal Announcement: Berkshire Developments, LLC purchased a 7,514 SF strip center in Fritts Farm from Moore Retail Management, LLC. The sales price equated to a 7% capitalization rate with all leases on 10-year primary terms. Phillip Mazaheri, CCIM represented the buyer in the transaction.

Bradford Allen/TCN Worldwide in Chicago Secures New Leasing Assignment with Historic One North LaSalle

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 One North LaSalle in the Chicago CBD. One North LaSalle, a 47-story, 500,000-square-foot office tower, is a Chicago landmark and one of the city’s best surviving examples of the Art Deco movement that defined architecture of the 1920s.

Levrose Commercial/TCN Worldwide in Scottsdale Brokered the Sale of a 75-unit, 41.9K SF Multifamily Property at 3003 N. Alvernon Way, Tucson for $4.2M

Member Deal Announcement: Pueblo Springs Holdings, LLC purchased Pueblo Springs Apartments, a 75-unit, 41.9KSF multifamily property at 3003 N. Alvernon Way, Tucson for $4.2M. Allan Mendelsberg, Principal, and Conrad Martinez, Multifamily Specialists with Cushman & Wakefield | PICOR, represented the seller, Bakerson, LLC. Anna Sepic with Levrose Commercial Real Estate represented the buyer.

Industry Veteran Rob Maccarone Joins Starboard Commercial Real Estate/TCN Worldwide in San Fransico as Senior Broker Associate

Member Announcement: Starboard Commercial Real Estate announced that Rob Maccarone has joined its firm as Senior Broker Associate. With over 30 years of experience in commercial real estate, Maccarone brings a multi-talented approach to brokerage, tempered with a special focus on the sale and leasing of industrial and office properties across the Bay Area.