TCN netWORKING:  TCN Worldwide Deals, Industry News and Highlights

Congratulations to Joseph Banyai with TCN's member firm in Detroit, Signature Associates. Midwest Commercial Real Estate Hall of Fame: Signature Associates/TCN Worldwide’s Joseph Banyai

Each year, Midwest Real Estate News inducts a new class in its Commercial Real Estate Hall of Fame. This week they take a look at recent inductee Joseph Banyai, vice president and principal with Signature Associates/TCN Worldwide in Southfield, Michigan. For more than 30 years, Joseph Banyai has been closing big CRE deals in the Detroit area; he ranks as one of the top-producing CRE pros in this region.

Amazon Just Bought Lord & Taylor Building from WeWork. Did It Overpay?

National Real Estate Investor: The e-commerce giant paid more than the building’s previous sales price. It may still have been a good deal, capital markets experts say.

A First Look at Legal Issues in Leases, Thanks to Coronavirus

Commercial Property Observer: Property owners and tenants have been calling their lawyers with lots of questions about today’s global pandemic. Here is a quick overview of many of those questions, and the answers we are generally giving.

$2T Stimulus Bill a Win for Commercial Real Estate, Says NAIOP

Connect Commercial Real Estate: The historic $2-trillion economic stimulus bill agreed upon by House and Senate leaders early Wednesday morning in response to the COVID-19 pandemic has a number of positive implications for commercial real estate, according to NAIOP analysis.

COVID-19 Resource Center - Information & Samples from TCN Members (Member link, login required)

TCN Update: To help our TCN members collaborate and learn from each other in this changing environment TCN has set up a COVID-19 Resource Center on the TCN intranet where we're sharing information & samples from TCN Members. We currently have examples of marketing pieces promoting 'No Contact Service', social media posts, signage, tenant resources websites, and various forms of client communications.

PW Commercial/TCN Worldwide Sells 550,391 SF Building on 33.5 Acres in East Chicago, Indiana

Member Deal Announcement: PW Commercial is pleased to announce Ed Wabick SIOR, Terry Lynch SIOR, and Marc Hale represented the Seller in the disposition of a 550,391 SF building located at 4407 Railroad Ave in East Chicago, Indiana. The property is fully leased to three tenants, is rail-served, has over 9 acres of excess land ready for development, and is located in an Opportunity Zone.

Norris & Stevens/TCN Worldwide Brokers $8.63M Sale of The Garthwick Apartments in SE Portland, Oregon

Member Deal Announcement: Yellow Submarine, LLC recently completed the $8,630,000 sale of The Garthwick, an approximately 30,507 square foot, 24-unit apartment building located at 8705 SE 13th Avenue in Portland, Oregon. Cameron Mercer and David C. Chatfield with Portland-based Norris & Stevens, Inc. exclusively represented the seller, Yellow Submarine, LLC.

Unique Properties/TCN Worldwide in Denver announced the sale of 300 E Hampden Ave, Englewood, CO for $3,100,000

Member Deal Announcement: Unique Properties is proud to announce the sale of 300 E Hampden Ave, Englewood, CO by Tom Myers, Executive Vice President, and Jake Cook, Broker Associate, with Unique Properties, Inc./TCN Worldwide, who represented the Buyer, East 300 Hampden, LLC in this transaction. The 23,593 square foot office building is located directly adjacent to the Swedish Medical Center. The property was 65% leased at the time of sale and traded for $3,100,000.