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TCN Worldwide Commercial Focus, Q1 2020: Top TCN Worldwide Member Deals
TCN Update: Check out these top TCN member deals for Q1 of 2020! Congratulations to John Boyd and Grant Bruce at Signature Associates/TCN Worldwide in Detroit who completed the transaction with the highest total value for the quarter, an Industrial Sale Valued at $45,400,000!
Unique Properties/TCN Worldwide in Denver Brokered the Sale of Bears Village Apartments for $12.9 Million
Member Deal Announcement: Bears Village Apartments, a multifamily property located at 509 18th St. in Greeley was acquired by California-based Black Point Capital for $12.9 million, which equates to $131,633 per unit and $193.58 per square foot. Phil Dankner of Unique Properties/TCN Worldwide and Greystone-Unique Apartment Group handled the transaction.
Moody Rambin/TCN Worldwide in Houston completed a 7,200 SF lease extension for The Prison Entrepreneurship Program
Member Deal Announcement: The Prison Entrepreneurship Program extended its 7,200 square foot lease at 4140 Directors Row in Houston, Texas. Jay Wall of Moody Rambin represented the tenant during negotiations.
MSC Commercial/TCN Worldwide in Sarasota Released their Q1 2020 Market Report
Member Market Reports: The effects of the coronavirus outbreak on the tri-county area commercial market remain unclear. Prior to the coronavirus outbreak, the tri-county area had strong economic momentum, and the current report largely reflects the environment before the pandemic. It is too early to provide a quantitative assessment or forecast of the ultimate market impact of COVID-19. As with previous reports, our analysis focuses on the market activity reflected in current quarterly statistics.