TCN netWORKING:  TCN Worldwide Deals, Industry News and Highlights

In this episode, we talk with Jon Rosenberg, managing partner and co-founder of Levrose Commercial Real Estate/TCN Worldwide in Phoenix, about guidance and advice for buyers, sellers, tenants, and landlords dealing with real estate issues they are facing during this COVID pandemic.

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In Spite of Great Uncertainty, CRE Deals Continue to Close

National Real Estate Investor: While there was more caution in the market in March, sales continued to close, according to Ten-X Commercial.

What Retail Landlords Need to Know During the Pandemic

Commercial Property Executive: With so many measures aimed at slowing the spread of the novel coronavirus—such as social distancing, shelter-in-place orders, and travel restrictions—the retail sector is going through its toughest period since the Great Recession.

Some CRE Lenders Are Feeling the Squeeze on Liquidity

National Real Estate Investor: An early trouble spot to surface has been among highly leveraged lenders who rely on short-term repo warehouse lines of credit.

Great article from TCN's member firm, TCN GCC, in Dubai. These insights are very much are applicable in the U.S. and globally: How COVID-19 Could Affect Real Estate Development Trends in the GCC

TCN Update: As businesses adjust to working in a COVID-19 environment, unique challenges and opportunities could emerge for the real estate sector.

Westmark Commercial/TCN Worldwide in Lubbock Announces Recent Transactions

Member Deal Announcement: Westmark Commercial announced 6 closed transactions. Congratulations to Marty Cleckler, MAI and Reagan Bruce; Karen Higgins, CCIM & Alison Blalock, CCIM; and Sue Stephens, ALC.

Pacific Coast Commercial/TCN Worldwide in San Diego is Pleased to Announce the Sale of 1814 Roosevelt Avenue, National City, CA 91950 for $1,925,000.

Member Deal Announcement: “Greenwald Autobody & Frameworks and now, Fix Auto National City and Chula Vista, has been a pillar in the South Bay community since the 1980’s,” stated Tommas Golia, Associate Vice President of Pacific Coast Commercial. “The purchase of this property along with the Greenwald’s stellar performance record and customer service will ensure its continued success in National City.”

Bradford Allen/TCN Worldwide in Chicago Represents Summit Expedited Logistics in Lease Extension and Expansion

Member Deal Announcement: Bradford Allen is pleased to announce that Director Matthew Wright has completed a lease extension and expansion on behalf of Summit Expedited Logistics at 55 W. Monroe Street. The Chicago-based, full-service transportation provider has signed a long-term lease extension and will expand its offices on the 35th floor.