TCN netWORKING: TCN Worldwide Deals, Industry News and Highlights

Congratulations to Unique Properties/TCN Worldwide in Denver!

The Unique Apartment Group submitted the TCN Worldwide transaction with the highest total value completed during the 2nd quarter of this year, a multifamily sale valued at $110,000,000!

Elliott Polanchyck, Will McCauley, Phil Dankner, Kevin Higgins, and Marc Lippitt of Unique Properties/TCN Worldwide and the Unique Apartment Group were the exclusive agents in the transaction. Terra Village is situated just northwest of Sloan’s Lake on 26th Avenue. The 402-unit property sold for $273,631 per unit or $324/SF.

The Surge in Re-Shoring Activity Continues, Creating More Demand for Industrial Space

Wealth Management Real Estate: Over 1,800 companies re-shored production in 2021, setting a new record for re-shoring activity, notes The Reshoring Initiative. These companies are looking for logistics facilities, warehouses and distribution sites.

What Does It Take to Complete the Transition to Renewable Energy?

Commercial Property Executive: The energy industry has been greening steadily over the past decade, sustained by the evolution of technology, increased awareness, as well as new legislation.

REPORT: National Retail Availability Hits Lowest Level Since Great Recession

Bisnow: Retail availability nationwide is at its lowest level since before the Great Recession, according to a new CoStar analysis. Asking rents are growing faster than they have in more than 10 years as the pace of new construction hits record lows and retail demolition speeds up.

Price Edwards & Company/TCN Worldwide Brokered the Sale of 27.08 Acres at 9500 W. Reno Avenue, Oklahoma City for $2.25M and will Serve as the Leasing Broker for the New Class A Industrial Development

Member Deal Announcement: Chris Roberts with Price Edwards represented TriStar Properties in the transaction and will be leasing the space. The 27+ acre site has frontage on I-40 and Reno Avenue and is in close proximity to the I-40 and Morgan Road Interchange. TriStar Properties has developed over 15 million square feet and $1.1 billion in industrial assets. They expect to deliver the first class A industrial building on the site by mid-2023; plans are being finalized for up to 450,000 square feet of space.

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.

LevRose Commercial/TCN Worldwide in Scottsdale Represented the Tenant, Neon Logistics LLC, in the Leasing of a 29,000 SF Office Building at 6900 E. Camelback Road

Member Deal Announcement: LevRose CRE/TCN Worldwide’s Zak Kottler, Joe Cosgrove and Hunter Chasse represented the tenant, Neon Logistics LLC, in the leasing of a 29KSF office building at 6900 E. Camelback Road, Scottsdale. Neon Logistics will occupy the seventh and 11th floors. The landlord is WCCP 6900 Camelback LLC.