TCN netWORKING: TCN Worldwide Deals, Industry News and Highlights

TCN Worldwide Deals, Industry News and Highlights

TCN netWORKING

TCN Assignments

Philip Simonet at Paramount Real Estate Corporation/TCN Worldwide in Minneapolis has referred an industrial tenant rep assignment to Bradley Gilpin at Unique Properties/TCN Worldwide in Denver. Philip's long-term client is looking to lease between 10,000-15,000 SF of industrial warehouse space in the Colorado Springs area.

CRE Industry News, Top Stories

One-Time Emerging Apartment Markets Are Becoming Emerging Office Markets

National Real Estate Investor: The migration of renters and employees has begun affecting office tenants, causing many employers to relocate to suburban markets as well.

Economy Watch: Consumer Confidence Bounces Back in May

Commercial Property Executive: An increase in The Conference Board's Consumer Confidence Index in May suggests that the level of economic growth in the second quarter should improve from the first quarter, supported by solid consumer spending.

Why Foreign Investors Love U.S. Commercial Real Estate, And Why More Will Follow

Forbes: Despite fears of trade wars and increased protectionism, foreign investment in the United States remains robust. In fact, the U.S. continues to be the single largest recipient of foreign direct investment (FDI) in the world: more than $450 billion was pumped into the U.S. economy from other countries in 2016, according to the Bureau of Economic Analysis at the Department of Commerce.

TCN News, Deal Announcements & Member Highlights

Paramount Real Estate/TCN Worldwide in Minneapolis Represents Warners' Stellian in Purchase of New Building in NE in Minneapolis

Member Deal Announcement: Paramount Real Estate Corporation’s, John Young, Vice President of Sales and Leasing, represented Warners’ Stellian in their purchase of an 80,000 square foot industrial building in Minneapolis at 2601 Broadway Street Northeast.

Moody Rambin/TCN Worldwide in Houston leases 41,846 square feet to GTC Technology

Member Deal Announcement: A global licensor of process technologies, GTC Technology signed on for 41,846 square feet at 900 Threadneedle St., a 188,575-square-foot office building in the city’s Energy Corridor. Bob Cromwell and Kevin Nolan with Moody Rambin worked on behalf of the landlord in the negotiations.

Schuckman Realty Inc./TCN Worldwide in Long Island has welcomed Best Market as the new anchor tenant in the Morton Village Shopping Center

Member Deal Announcement: Schuckman Realty Inc./TCN Worldwide has welcomed Best Market as the new anchor tenant in the Morton Village Shopping Center located at 998 Old Country Rd. in Plainview. Best Market will occupy 27,584 SF as the anchor tenant of the shopping center where it will join CVS, Chase, Subway, Verizon and others. Best Market signed a lease with a 20-year initial term in the space formerly occupied by ShopRite and is scheduled to open Q1 2019.

Starboard Commercial Real Estate/TCN Worldwide in San Francisco Announces 930 Sir Francis Drake For Sale in San Anselmo, CA

Member Deal Announcement: Located at the entrance of the Red Hill Shopping Center, the property is located in the heart of Ross Valley, which includes the towns of San Anselmo, Fairfax, Ross and Kentfield. Sir Francis Drake is one of Marin's main thoroughfares with an average daily traffic count of 40,000 cars.

Unique Properties/TCN Worldwide in Denver Announced Several Recently Completed Transactions

Member Deal Announcement: Unique Properties announced the firm has recently closed several commercial real estate transactions, including 7750 Cherry Creek Drive South in Denver for $2.93 million and 13751-13955 E. Broncos Parkway in Centennial for $1.94 million.

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