|TCN Worldwide Deals, Industry News and Highlights|
| TCN netWORKING|
| TCN Assignments|
Jonathan Rosenberg, Keri Davies, and Jason Reddington at Levrose Commercial Real Estate/TCN Worldwide in Phoenix have accepted an assignment from David Wallach of Barclay Street Real Estate/TCN Worldwide in Calgary for the disposition of retail space.
Trenton McCullough at Levrose Commercial Real Estate/TCN Worldwide in Phoenix has referred an investment sales assignment to purchase a multi-tenant retail building to Ben Azulay at Bradford Allen Realty Services/TCN Worldwide in Chicago.
| CRE Industry News, Top Stories|
Top Concern for CRE Execs: Interest Rates
Commercial Property Executive: Executives also worry that a recession may be on the way, according to Seyfarth Shaw’s fourth annual Real Estate Market Sentiment Survey.
Hit the Gym, Then Shop? Kohl’s Links Up with Planet Fitness
Chicago Tribune: “Some shrunken Kohl's stores are getting a new neighbor: Planet Fitness gyms. Kohl's, which is on a mission to shrink its biggest department stores, said it will lease or sell the newly empty space at 10 locations to Planet Fitness but may increase that number in the future.”
Drones in Real Estate: Uses, Challenges
Commercial Property Executive: DroneBase Founder & CEO Dan Burton reveals how the real estate business can take advantage of the power of drones, but also touches on the pitfalls of this technology.
| TCN News, Deal Announcements & Member Highlights|
Price Edwards/TCN Worldwide in Oklahoma City Brokers 136,000 SF Sale
Member Deal Announcement: The Price Edwards Retail Investment Team is proud to announce the sale of Casady Square in The Village, Oklahoma. GRP Investments, LLC purchased the property from MVP Casady, LLC for $9,600,000. The shopping center consists of 136,772 square feet situated on 8.43 acres of land. Casady sold for $70.19/SF at an 8.51% CAP rate.
Unique Properties/TCN Worldwide in Denver Brokered the Sale of a 24 Unit Turnkey Building for $2,050,000
Member Deal Announcement: Greystone Unique Apartment Group, the multifamily division of Unique Properties, Inc., recently brokered the sale of Fountain Pointe Apartments, a 24-unit multifamily asset, located at 312 West Alabama Avenue in Fountain, CO. The Property sold for $2,050,000 or $85,417 per unit.
Starboard Commercial Real Estate/TCN Worldwide in San Francisco Secures New Headquarters for California Minority Counsel Program
Member Deal Announcement: Non-profit member organization moves out of downtown San Francisco to a new office in Oakland, California.
Norris & Stevens/TCN Worldwide in Portland Welcomes Three New Team Members
Member Announcement: Norris & Stevens Welcomes Three New Team Members: Mindy Gerlach, Bobbi Caves & Marissa Lee.