TCN netWORKING:  TCN Worldwide Deals, Industry News and Highlights

In this episode, we talk with Luke Timmis, Director of Investment Division | Sale-Leaseback Team at Signature Associates Commercial Real Estate/TCN Worldwide in Detroit about sale-leasebacks and how they can be attractive as an alternative method of raising capital. As COVID-19 has thrown the world into uncharted territory, businesses across the globe are finding ways to create liquidity and fuel a comeback. Corporations with owned real estate, however, have a unique advantage to extract capital at above-market pricing for its properties by utilizing sale-leasebacks.

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The Evolution of Lease Negotiation

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Tim Mitchell, TCN Worldwide Board Member and President of Norris & Stevens/TCN Worldwide, and other top commercial real estate brokers, reflect on the impact COVID-19 has had on downtown Portland's private market.

"It's sad. It's really put downtown Portland back a lot," said Timothy Mitchell, president of Norris & Stevens Inc. "But it will ultimately rebound. As in any downturn, there will be true candidates and true investors who make it an opportunity to make good deals."

Mitchell said he's confident that, if the virus disappeared, there would be a big return to the office. "People just need to collaborate and be together in person, you can't necessarily get that from a Zoom or a Microsoft Teams screen. When this is all over I think people will start popping their head out of the sand and slowly come back in."

Moody Rambin/TCN Worldwide in Houston Completed a Retail Lease of The Former Petrol Station Located at 985 Wakefield Drive

Member Deal Announcement: The team behind Monkey’s Tail, a popular restaurant and bar in the Lindale Park neighborhood, leased the spot formerly occupied by Petrol Station at 985 Wakefield Drive. Chris Ochterbeck with Moody Rambin’s Industrial and Investment Services division represented the owner in bringing the property to market for lease and during negotiations.

Mid-Atlantic Commercial/TCN Worldwide was Voted as One of The Best Workplaces in Hampton Roads!

Member Announcement: Mid-Atlantic Commercial Real Estate attracts and retains top-producing talent by supporting agents to build their own brands and entrepreneurial endeavors.

Landmark Commercial Realty/TCN Worldwide’s Barb Murdocca Appointed to Chair of the Pennsylvania Association of Realtors Commercial Industrial & Investment Committee

Member Announcement: Landmark's Director of Operations, Barb Murdocca, has been appointed to serve as Chair of the Pennsylvania Association of Realtors’ (PAR) Commercial Industrial & Investment Committee for 2021. She was initially appointed to the committee in January 2016 and is currently serving as Vice Chair.