TCN netWORKING: TCN Worldwide Deals, Industry News and Highlights

Ben Azulay at Bradford Allen Realty Services/TCN Worldwide in Chicago referred a tenant representation assignment to John Young, CCIM at Forte Real Estate Partners/TCN Worldwide in Minneapolis/Saint Paul.
 

David Wallach, CCIM at Barclay Street Real Estate/TCN Worldwide in Calgary referred an office investment sales assignment to Justin Herman, Emily Lemere, and Marc S. Lippitt at Unique Properties/TCN Worldwide in Denver.
 

Outlet Center Development Wakes Up After a Long Break

Wealth Management Real Estate: The next few years are set to see a significant ramp-up in new outlet center construction. But outlet center tenant mix is changing to reflect a new focus on experiences.

The Return of American Manufacturing is Supercharging Industrial Construction

Bisnow: The rate of construction spending on U.S. manufacturing facilities has reached its highest point this millennium, as corporations increasingly see the benefits of shifting their factories closer to home.

Economic Headwinds Disrupt Office Sector

Commercial Property Executive: The latest CommercialEdge office report identified changing employee behaviors, rising rates and inflation as the main challenges hampering the sector’s recovery.

Norris & Stevens, Inc./TCN Worldwide in Portland Brokers the Sale of a Three-Property Portfolio for $4,975,000

Member Deal Announcement: Greg Nesting, Luis Martin del Campo, and Gabe Schnitzer of Norris & Stevens, Inc. recently completed the sale of a property portfolio for W.M.B. Investment Co. The portfolio encompasses three separate properties located in Oregon, consisting of two retail spaces and one industrial space. The properties were sold over the course of three months for a combined sale price of $4,975,000.

Chicago Real Estate Resources, Inc./TCN Worldwide Represented Base 3 Development in the Acquisition of a 7,800 Sq. Ft. Site to be Improved With a 20 Unit Building

Member Deal Announcement: Steven Rapoport with CRER (Chicago Real Estate Resources, Inc.) represented the buyer, Base 3 Development, in the acquisition of a 7,800 Sq. Ft. development site at 2042-2046 W Irving Park Rd in the desirable North Center neighborhood of Chicago. The buyer added value to the transaction by successfully up-zoning the property to allow for development of a 20-unit multi-family building with a mix of large studio, 1-bed, 2-bed and 3-bed apartment units.

Signature Associates/TCN Worldwide Represented Monarch Behavioral Health to Open 3,707 SF Office in Bloomfield Hills, Michigan

Member Deal Announcement: Monarch Behavioral Health PLLC has signed a 3,707-square-foot lease to open a new office in Bloomfield Hills. Angela Thomas of Signature Associates represented the tenant. The property is located at 74 W. Long Lake Road.