|TCN Worldwide Deals, Industry News and Highlights|
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| TCN Assignments|
Susan Goldstein, CCIM, MBA at MS&C Commercial/TCN Worldwide in Sarasota, FL referred a sales assignment to Robert Werthman at Florida ROI Commercial Property Brokerage/TCN Worldwide in Tampa, FL.
| CRE Industry News, Top Stories|
Discount Grocers Stocking CRE Opportunity
Commercial Property Executive: Amid continuing change in the retail industry, one sector that’s offering shopping carts full of promise is the discount grocery channel. Chains such as Aldi, Lidl, Grocery Outlet, and deep discounters Dollar Tree and Dollar General have consistently opened new stores.
Hotel Performance Is Weakening Just As The Industry Hits Its Own Debt Maturity Crisis
Bisnow: Nearly every sector of commercial real estate is caught in some version of the same bind: facing a spike in debt maturities this year and next, with high interest rates and bank pullbacks making refinancing historically difficult.
Onshoring Will Remain an Influential Driver of Industrial Demand
RE Journals: In the last two-plus years, rent growth and net absorption have both reached new heights, fueled by record levels of demand as a result of surging e-commerce sales. While e-commerce sales growth and the ongoing operational trend of maintaining higher inventory volumes has provided a tailwind to industrial fundamentals, there is also a third critically important component of demand growth that could continue to have an outsized influence on the industrial market in the months and years ahead: onshoring supply chain operations.
| TCN News, Deal Announcements & Member Highlights|
Starboard Commercial/TCN Worldwide in San Francisco Brokered an Office Building located at 1710 Gilbreth Street for $15,000,0000
Member Deal Announcement: Built in 1950, the 34,504-square-foot office building underwent significant renovations in 2017, including new exteriors, interiors and a structural retrofit. Craig Hansson at Starboard CRE represented the buyer in the transaction.
Unique Properties/TCN Worldwide's Infill Team Brokered the Sale of 555 W 112th Ave, Northglenn Colorado for $10,988,155
Member Deal Announcement: The Infill team at Unique Properties/TCN Worldwide in Denver is thrilled to announce the successful closure of this 8.6 acres development site. Three years since the start of our marketing, our dedicated team navigated the Seller and Buyer through a volatile market and various entitlement delays, ultimately bringing this sale to fruition.
Landmark Commercial Realty’s Roy Brenner Successfully Closes on an 11,500 SF Building Deal
Member Deal Announcement: Landmark Commercial Realty/TCN Worldwide recently announced the successful acquisition of a newly renovated 11,500 square foot building located at 2525 Paxton Street, Harrisburg, PA. The site is now home to Harrisburg Wall and Flooring. Roy Brenner at Landmark Commercial Realty brokered the deal on behalf of the buyer.