TCN netWORKING: TCN Worldwide Deals, Industry News and Highlights

TCN Worldwide Deals, Industry News and Highlights
  TCN Assignments

Ben Azulay at Bradford Allen Realty Services/TCN Worldwide in Chicago referred a tenant rep. assignment to Dave Morgan at Richard Bowers & Co./TCN Worldwide in Atlanta.

  CRE Industry News, Top Stories

Garden Apartments Remain Favored Among Multifamily Buyers

Wealth Management Real Estate: Cap rates on suburban garden apartments fell below rates for mid-rise and high-rise multifamily properties during the second quarter, according to recent data from MSCI-Real Assets.

Is Flexible Warehousing the Next Step for Industrial?

Commercial Property Executive: The sharing economy has been touching different areas of people’s lives during the past two decades, from lodging to transport and office work. The pandemic has bolstered the success of some of the platforms in the sector and played against others, but the shared model is here to stay.

Hotel REIT Earnings Beat 2019 Results As Urban Markets Bounce Back

Bisnow: In a promising sign for major U.S. markets, the quarter's demand growth was strongest in cities that had been slower than their Sun Belt counterparts to recover, such as Washington, D.C., San Francisco, and Chicago.

  TCN News, Deal Announcements & Member Highlights

Starboard CRE/TCN Worldwide in San Fransisco Announced Recently Closed Deals in The Bay Area Totaling Nearly $50 Million in Transactions

Member Deal Announcement: Starboard CRE announced recently closed marquee deals across the Bay Area, totaling nearly $50 million in transactions. Transactions included the sale of 554-556 Commercial Street for $5,555,000, 570 Sylvan, Daly City, 1244 Market Street, and 240 11th Avenue, as well as several prominent leases.

Chicago Real Estate Resources, Inc./TCN Worldwide Brokered the Sale of a 12,500 SF Site with a Retail Building in Chicago’s North Center Neighborhood

Member Deal Announcement: Steven Rapoport with CRER (Chicago Real Estate Resources Inc.) represented the longtime owner of 2035-2043 W Irving Park Road in the sale of a 12,500 Sq. Ft. site that is currently improved with a 5,600 Sq. Ft. retail strip center. After a short time on the market, Steven was able to produce multiple offers from both, owner-users and developers.

LevRose Commercial Real Estate/TCN Worldwide in Scottsdale Brokered the Sale of 4250 N. Drinkwater Blvd. for $5.3M

Member Deal Announcement: LevRose CRE/TCN Worldwide’s Danielle Davis, Trent McCullough, Mark Cassell, Branden Mondragon, and Matt Beeks represented the seller, Scottsdale Drinkwater Trust, in the $5.3M sale of a 6.6KSF retail building at 4250 N. Drinkwater Blvd., Scottsdale. The buyer was Drinkwater Commercial Investments LLC.


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