TCN netWORKING: TCN Worldwide Deals, Industry News and Highlights

TCN Worldwide Deals, Industry News and Highlights

TCN netWORKING

TCN Assignments

PW Commercial/TCN Worldwide in Chicago and Barclay Street Real Estate/TCN Worldwide in Calgary completed a $1.1 million sublease for 28,000 square feet. Casey Stuart at Barclay Street secured the subtenant for this space.

Richard Bowers of Richard Bowers & Co./TCN Worldwide in Atlanta has referred a tenant rep assignment for medical office space to Jim Burnap at Beitler Commercial/TCN Worldwide in Los Angeles.

CRE Industry News, Top Stories

Economy Watch: Demand for Industrial Space Reaches New Heights

Commercial Property Executive: U.S. industrial property vacancies are at their lowest levels on record, and demand for space is expected to remain healthy throughout 2018, according to Ten-X's latest U.S. Industrial Market Outlook.

Are Chinese Shifting from Real Estate Buyers to Sellers?

National Real Estate Investor: Anbang Insurance Group and HNA Group are two major players that are reportedly looking at selling assets in order to raise capital to pay off debts.

Bon-Ton is preparing to liquidate. Here’s a map of all its stores.

CNBC: Bon-Ton is headed to liquidation, and more than 200 stores will be put on the chopping block as the business winds down and vacates malls across the U.S.

TCN News, Deal Announcements & Member Highlights

MHP Real Estate Services/TCN Worldwide and Banyan Street Capital Announce Joint Venture

Member Deal Announcement: MHP Real Estate Services LLC in New York City and Banyan Street Capital, a Miami, Florida-based real estate investment and management firm, have united to form one of the largest privately held owners and operators of commercial real estate properties in the country. Their combined owned and managed assets consist of over 15 million sq. ft. in the Eastern region of the United States with an aggregate value in excess of $3 billion.

Sitar Realty Company/TCN Worldwide in New Jersey Brokered a $7,477,025, 451-Unit, Self-Storage Facility Totaling 63,000 Sq. Ft.

Member Deal Announcement: The purchase of a 63,000 sq. ft., 451-unit self-storage facility at 130 Franklin Street, Warren, Rhode Island by Storage Acquisition Group from Warren Self Storage. The purchase price was $7,477,025. William Sitar Jr. and John Cranley were the salespeople in this transaction.

Landmark Commercial Realty Inc./TCN Worldwide in Harrisburg Announced Several Recently Completed Transactions

Member Deal Announcement: Landmark Commercial Realty Inc. announced the firm has recently closed several commercial real estate transactions, including a long-term lease for 175,000 SF of Class A speculative new construction warehouse space.

TCN Worldwide’s Transatlantic Partner, GVA Worldwide, Announces the Disposal of Five Retail Parks

TCN Update: Apleona GVA in Poland advised Katharsis Development in their disposal of five retail parks to CPI Property Group.

Retail Lease Transactions Announced by Sitar Realty Company/TCN Worldwide in New Jersey

Member Deal Announcement: Sitar Realty Company/TCN Worldwide announced the completion of several retail lease transactions totaling more than 30,000 sq. ft.

Bradford Allen/TCN Worldwide in Chicago Promotes Matt Wright to Director

Member Announcement: Jeffrey A. Bernstein and Laurence B. Elbaum, Co-Founders of Bradford Allen, are pleased to announce that Matt Wright has been promoted to Director. Wright, formerly an Associate with the firm, joined Bradford Allen in 2014 and is a member of both the Downtown Chicago Tenant Representation and Landlord Representation leasing teams.

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