|TCN Worldwide Deals, Industry News and Highlights|
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| 2022 Top Commercial Property Management Firms Ranking|
| CRE Industry News, Top Stories|
Family Offices Are Increasingly Important Players in Private Markets
Wealth Management Real Estate: Families play the long game. Their ability to weather major volatility without looking for exits makes them sought-after partners.
What the Historic U.S. Climate Bill Could Mean for the Real Estate Industry
Urban Land Institute: The Senate passed the Inflation Reduction Act of 2022, which now heads to the House of Representatives. The bill aims to reduce U.S. greenhouse gas emissions by 40 percent by 2030. It also holds the potential to transform the built environment—but experts say that depends on how much state and local governments work with the private and nonprofit sectors to use the federal investments as a catalyst.
Yardi Matrix Report: Institutions Will Own 40 Percent of All Single-Family Rentals by 2030
RE Business Online: Institutional capital investment in single-family-rental (SFR) acquisitions and build-to-rent (BTR) projects is growing by leaps and bounds. Institutions funded $2.5 billion in SFR acquisitions in 2021 and committed more than $60 billion in capital to buying single-family rental homes over the past year, according to Yardi Matrix’s new report, “Build-to-Rent Fuels Growth in Institutional Single-Family Rental Market.”
| TCN News, Deal Announcements & Member Highlights|
Chicago Real Estate Resources, Inc./TCN Worldwide Brokered the Sale of a 44-Unit Apartment Building in Englewood on Chicago’s South Side
Member Deal Announcement: Nate Gautsche represented the seller in the off-market sale of 44-units in Englewood on Chicago’s South Side. Nate was able to achieve a sales price at or above all BOVs ownership received from competing brokers on the property without a public marketing campaign and disruption to tenants.
LevRose Commercial Real Estate/TCN Worldwide in Scottsdale Brokered the Sale of a 17,500 SF Retail Building at 6961 E. 1st Street for $4.5M
Member Deal Announcement: LevRose CRE/TCN Worldwide’s Danielle Davis, Trent McCullough, and Branden Mondragon represented both the seller, Fassco Investments LLC, and the buyer, Chestnut Realty Group LLC., in the $4.5M sale of a 17.5KSF retail building at 6961 E. 1st Street, Scottsdale.
Signature Associates/TCN Worldwide in Detroit Announced the Completion of Several Recent Industrial Transactions Representing Over 400,000 SF
Member Deal Announcement: Signature Associates announced the completion of several recent industrial transactions consisting of over 400,000 square feet including an investment sale at 263 E Walton Blvd. in Pontiac, MI totaling 47,039 SF.