TCN Worldwide Deals, Industry News and Highlights
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CCIM Report: Preparing for Revolution Taking Place in CRE
Connect Commercial Real Estate: A new model for success in the face of big data, e-commerce, and the sharing economy is emerging in virtually all sectors of commercial real estate. A special report entitled “Long May You Run – An Essential Commercial Real Estate Tuneup” by CCIM Institute Chief Economist K.C. Conway, in partnership with the Alabama Center for Real Estate at the Univ. of Alabama, details those emerging trends and the impacts they are having.
2018 National Retail Occupancy
Commercial Property Executive: Year-over-year retail vacancy rate percentages compared nationally and by region, updated quarterly.
Hotel Industry Growth Continues, Labor Shortage a Concern, Says Industry Researcher
RE Business: According to Jan Freitag, senior vice president of Tennessee-based STR, United States hotels in 2018 had the highest availability, most sales and the highest average daily rate (ADR) ever recorded.
| TCN News, Deal Announcements & Member Highlights|
Price Edwards/TCN Worldwide in Oklahoma City Brokers 380,000 SF Sale
Member Deal Announcement: Stillwater Senior Housing Development Sells for $19,500,000. Utah-based Safari Hospitality has purchased The Ranch, 5601 N. Washington, executing its first purchase in the state of Oklahoma. Girma Moaning of Price Edwards & Company handled the transaction.
Signature Associates/TCN Worldwide in Detroit Announced Several Recent Office Transactions
Member Deal Announcement: Signature Associates announced several recently completed office transactions, totaling over 280,000 square feet.
Levrose Commercial Real Estate/TCN Worldwide in Scottsdale Sold 3151 E. Drexel Road for $1.2 Million
Member Deal Announcement: Abdelsalam Khattab bought a 30,000-square-foot industrial building at 3151 E. Drexel Road from the Sanarp Trust for $1.2 million. Russell W. Hall and Stephen D. Cohen, with Picor, and Aaron Norwood, with Levrose Commercial Real Estate, represented the seller.
Border Concepts Leased 38,563 Square Feet in a Multi-Tenant Flex Building Developed and owned by Mericle Commercial Real Estate Services/TCN Worldwide in Wilkes-Barre, PA
Member Deal Announcement: Border Concepts, Inc. (BCI), a top supplier of lawn and garden products to independent garden centers and landscape wholesale commercial yards throughout the United States, has expanded its distribution facility network by opening a new distribution center at 319-329 Enterprise Way in CenterPoint Commerce & Trade Park West, Pittston Township, Pennsylvania.