|TCN Worldwide Deals, Industry News and Highlights|
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| TCN Assignments|
Bob Besecker at Mericle Commercial/TCN Worldwide in Wilkes-Barre, PA has referred a retail listing to Ronald Glass and Bakh Safarov at Long & Foster Commercial/TCN Worldwide in Vienna, VA.
| CRE Industry News, Top Stories|
REIS 1st Quarter, 2019 Industrial Market Report
REIS: Industrial First Glance: Pre-Release Analysis of First Quarter 2019 Reis Findings in the Industrial Sector.
In U.S., Real Estate Still Leads Stocks as Best Investment
Gallup Poll: Stocks have had a strong 2019, with the major U.S. stock indices establishing or nearing record highs in April and early May. Still, more Americans continue to believe real estate (35%) is a superior long-term investment to stocks (27%) or other investment options.
VTS Raises $90M in Record CRE Software Funding
GlobeSt: VTS raised $90 million in a Series D funding round, in one of the largest ever proptech venture financings. The funding values the real estate tech firm VTS at $1 billion according to the Wall Street Journal.
| TCN News, Deal Announcements & Member Highlights|
TCN Worldwide Welcomes the Largest Commercial Brokerage Firm in Shenandoah Valley, Cottonwood Commercial, as Its Newest Member Firm
TCN Update: “It is an honor to welcome Cottonwood Commercial to our organization,” stated Ross Ford. “Cottonwood Commercial is a recognized leader throughout Western Virginia. They are a highly respected firm and a perfect example of the type of strong independent firm we continue to attract to TCN Worldwide. We are proud to note that with the addition of Cottonwood Commercial, TCN Worldwide has had the honor of welcoming nine new member firms in the last year.”
Just Sold: 8.55% Cap, Single-Tenant Office Investment. Brian McKernan of Unique Properties/TCN Worldwide in Denver Represented the Seller
Member Deal Announcement: Unique Properties is proud to announce the sale of a 16,262 SF office building at 11049 W 44th Avenue in Wheat Ridge, Colorado.
Price Edwards/TCN Worldwide in Oklahoma City Brokers $1,700,000 Sale
Member Deal Announcement: GFO Companies paid $1,700,000 for Sovereign Technology Center located at 1233 Sovereign Row in Oklahoma City. The flex-space facility consists of three buildings totaling 39,085 square feet. GFO companies intend to utilize the property as an investment property. Tre Dupuy and Danny Rivera with Price Edwards & Company handled the transaction.
Signature Associates/TCN Worldwide in Detroit Announced Several Recent Retail Transactions
Member Deal Announcement: Signature Associates announced the completion of ten 5,000+ square foot retail transactions completed in Michigan.