|TCN Worldwide Deals, Industry News and Highlights|
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| TCN Assignments|
Ben Azulay at Bradford Allen Realty/TCN Worldwide in Chicago completed a tenant rep. assignment with Erik Ulsaker at Long & Foster Commercial/TCN Worldwide in Vienna, VA.
| CRE Industry News, Top Stories|
U.S. Retail Sales Up 5.6 Percent from 2018, Says U.S. Census Bureau
Shopping Center Business: The U.S. Census Bureau reports that retail sales in July were up 0.9 percent from June and 5.6 percent year-over-year. The numbers exclude restaurants, gas stations, and automobile sales but include e-commerce sales.
10 Big-Deal Real Estate IPOs
Bisnow: Initial public offerings are like children. Parents always hope for the best in the beginning, but there is no way to know exactly how they are going to turn out over the years.
What the Inverted Yield Curve Means for CRE
Commercial Property Executive: Recession fears loom with investors piling into long-term government bonds, but the implications for commercial property are a mixed bag.
| TCN News, Deal Announcements & Member Highlights|
Football Season is HERE and it's TIME TO PLAY in TCN's 2019 Pigskin Pick'em!
TCN Update: All TCN members are eligible to play and win. You don’t have to know anything about football – all you have to do is pick the winner in each game. Each game's picks can be modified until the scheduled kickoff. Make sure you get your first pick in before 9/5/2019 8:20 PM (ET).
TCN Worldwide Appoints Jon Rosenberg to Board of Directors
TCN Update: Jonathan Rosenberg is the Co-Founder and Managing Partner for LevRose Commercial Real Estate/TCN Worldwide, which serves the greater Phoenix metro area. His almost 30 years of experience includes asset management, receiverships, commercial leasing, and sales, consulting and training.
Unique Properties/TCN Worldwide in Denver Sells Park Hill Adjacent Industrial Investment for $2.45M | $189/SF
Member Deal Announcement: The building consists of (3) drive-ins, (1) loading dock, sprinkler system, heavy power, and a wash area with floor drains. Executive Vice Presidents Tim Finholm and Sam Leger along with Senior Broker Kyle VanCamp at Unique Properties worked with both parties to a successful close.
Norris & Stevens, Inc. Brokers $1,645,000 Office Sale In NE Portland
Member Deal Announcement: Wilken/Demarest, LLC recently completed the $1,645,000 purchase of an approximately 4,758 square foot office building at 3308 NE Peerless Place in Portland, Oregon. Doug Carter and Duane Link with Portland-based Norris & Stevens, Inc. represented Wilken/Demarest Properties, LLC in the transaction.