|TCN Worldwide Deals, Industry News and Highlights|
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| TCN Assignments|
Hanna Commercial Real Estate/TCN Worldwide in Cleveland has completed an assignment with PW Commercial/TCN Worldwide in Chicago to secure 5,400+ SF for his client. Anthony Delguyd at Hanna Commercial initiated the transaction and worked with Jerry Sullivan at PW Commercial to complete this industrial assignment.
Andy Evans of Windermere Commercial/TCN Worldwide in Salt Lake City referred a land acquisition assignment to Robert Giordano at Sitar Realty Company/TCN Worldwide in New Jersey.
| CRE Industry News, Top Stories|
Booming E-commerce Sales Drive Demand for Industrial Facilities
National Real Estate Investor: Industrial facilities are seeing rising rents and potential bidding wars as online sales drive demand for space to store merchandise.
Mall Owners Renting Out Parking Lots During the Coronavirus Pandemic
CNBC: Brookfield Properties has signed a deal with entertainment company Kilburn Live to turn the parking lots at a number of its malls in the U.S. into drive-in theaters, hosting movies, and virtual concerts.
Aldi Opening 70 More Stores This Year
Chain Store Age: Discount grocer Aldi is embarking on the next wave of its coast-to-coast expansion. On the heels of opening its 2,000th store, the fast-growing retailer, part of privately-held German company Aldi Süd, plans to open more than 70 new stores by the end of the year. The new wave of expansion will bring Aldi to Arizona (its 37th state) for the first time, with four new stores in the greater Phoenix area.
| TCN News, Deal Announcements & Member Highlights|
Congratulations to our TCN members on these and the many other deals closed during the 2nd quarter of 2020. Your dedication and diligence in serving your clients' needs during this challenging time are evident by this impressive list!
TCN Update: Check out these top TCN member deals: TCN Worldwide Commercial Focus, Q2-2020. Congratulations to Joe Hamway and Greg Hudas at Signature Associates/TCN Worldwide in Detroit who completed the transaction with the highest total value for the quarter, an Industrial Lease Valued at $54,853,560!
Schuckman Realty Inc./TCN Worldwide in Long Island represented Raymond M. Cherainks to Complete Two Leases, The Brooklyn Hospital Center And Spectrum, at 523 Fulton Street In Downtown Brooklyn, NY
Member Deal Announcement: The Brooklyn Hospital Center has leased 51,226 s/f of space at 523 Fulton Street, a three-story, mixed-use property on the Fulton Mall in Downtown Brooklyn. Spectrum Cable has also leased space on the ground floor for a new store. Justin Liniado and Trent E. Dickey of Schuckman Realty Inc. represented the landlord, Raymond M. Chera.
Bradford Allen/TCN Worldwide in Chicago Arranges Full-Building Lease
Member Deal Announcement: Jeffrey A. Bernstein and Laurence B. Elbaum, Principals and Co-Founders of Bradford Allen, are pleased to announce that Managing Directors Ryan Moen and Norm Murdoch have arranged a new 37,259-square-foot lease at 2375 Cabot Drive in Lisle, Illinois on behalf of owner First American Properties.
Starboard Commercial Real Estate/TCN Worldwide in San Francisco Announces New
Joint Venture with Brookwood Group; Hires Barry Bram as Executive Director
Member Announcement: Industry Veteran, Barry Bram, to Lead Brookwood Starboard, a Full-Service Commercial Real Estate Firm Offering Strategic Advisory, Brokerage & Development