TCN netWORKING:  TCN Worldwide Deals, Industry News and Highlights

In this special episode, we continue covering issues in commercial real estate and ideas to help guide you through the current COVID crisis. Today we talk with Ben Azulay, principal and executive managing director with Bradford Allen, about such topics as rent deferment and abatement, Blend & Extend options to help landlords and tenants, and dealing with the realities of office space planning given the uncertainty of this COVID pandemic.

Subscribe: Apple Podcasts, Google Play, Google Podcasts

Share using this link: https://www.tcnworldwide.com/podcasts/episode/ep.-005-ben-azulay-confronting-commercial-real-estate-issues-during-the-covid-crisis/

An In-Depth Look into the Real Estate-Related Tax Provisions of the CARES Act

National Real Estate Investor: The CARES Act includes several tax-related provisions intended to mitigate the adverse economic effects of the health crisis by reducing tax burdens and getting cash into the hands of taxpayers sooner. Most of these tax provisions relax changes made by the 2017 Tax Cuts and Jobs Act (TCJA), often retroactively. These are of particular relevance to the real estate industry.

Landlords, Here are Some Questions Your Office Tenants Will Ask as They Return

GlobeSt.com: As they return, office tenants will want to know how the landlord plans to keep them safe. As restrictions are beginning to ease up in a few areas around the country, companies are thinking about what their office space will look like when they welcome employees back.

N.Y. Building Sites Reopen, Carefully, in Sign of Life Gearing Back Up

The New York Times: More than 5,200 construction projects have reopened in New York City, offering a glimpse of new routines in postpandemic workplaces.
 

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.