TCN netWORKING: TCN Worldwide Deals, Industry News and Highlights

Congratulations to Levrose Commercial Real Estate/TCN Worldwide in Phoenix and Barclay Street Real Estate/TCN Worldwide in Calgary on this recently completed transaction!

Triumph Real Estate Investment Fund, a Canadian Investment Fund associated with TCN member firm Barclay Street Real Estate, is pleased to announce the sale of a Metro Phoenix shopping center “Triumph Glendale Northwest” for $6,600,000.

This 16,706 SF retail center was originally purchased by Triumph in 2018. The property, which was 100% leased at the time of the sale, has several outstanding tenants, including First Watch Restaurants, One Stop Nutrition, and Simple Pure Aromatherapy.

Both the purchase in 2018 and sale of the property in 2021 were handled by Keri Davies, Jason Reddington, and Jon Rosenberg of LevRose Commercial Real Estate/TCN Worldwide in Scottsdale, AZ.
 

Supreme Court Could Rule on Eviction Ban as Early as September

GlobeSt.com: At least five justices have questioned the constitutionality of the previous extension.

Multifamily Sector Slow to React to Climate Change Risk

Wealth Management Real Estate: Investors are still buying properties in markets prone to wildfires, floods, and hurricanes, betting on insurance and mitigation measures for protection.

The Struggle to Site Last-Mile Distribution Facilities

Commercial Property Executive: With the niche booming, investors are looking to enter the market any way they can.
 

Norris & Stevens/TCN Worldwide Brokers $3.15M Sale of Freestanding Industrial/Office Space in Beaverton, OR

Member Deal Announcement: Cheese Weasel, LLC recently completed the $3,150,000 purchase of an approximately 20,120 square foot freestanding industrial/office building located at 11040 SW Allen Boulevard in Beaverton, Oregon. The buyer will use the facility for a moving and storage business. Greg Nesting, Vice President and Shareholder, and Gabe Schnitzer, Broker – Industrial Properties, with Portland-based Norris & Stevens, Inc. represented the Buyer as well as the Seller, Peanut Butter Properties, LLC, in the transaction.

Bradford Allen/TCN Worldwide in Chicago Completes 35,500 SF of Leasing at 570 Lake Cook Road

Member Deal Announcement: Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Senior Managing Director Joel Berger has completed five transactions totaling 35,539 SF at 570 Lake Cook Road in Deerfield, IL.

Whitebox Real Estate/TCN Worldwide Represented Alliance Architects, Inc. in the Renewal & Expansion of Their Space at 1600 North Collins in Richardson TX.

Member Deal Announcement: Whitebox Real Estate was pleased to partner with Alliance Architects, Inc. in the renewal & expansion of their space at 1600 North Collins. The renewal, located at 1600 N Collins Boulevard in Richardson TX, will expand Alliance Architects to 11,809 SF in the building. Grant Pruitt & Brendan Zrowka of Whitebox Real Estate represented Alliance Architects.