TCN netWORKING: TCN Worldwide Deals, Industry News and Weekly Highlights

Congratulations! Windermere Commercial/TCN Worldwide in Salt Lake City, UT has completed an assignment with WestMark Commercial/TCN Worldwide in Lubbock, TX. Devin Wright at Windermere Commercial initiated the tenant rep. assignment and worked with David Haymes at WestMark Commercial to complete this transaction.

Industrial Subleasing Strategies

Commercial Real Estate Executive: Second-hand space is on the rise. What are the best ways to lease it?

How Attractive Are Office-to-Apartment Conversions Right Now?

Wealth Management Real Estate: Conversions of obsolete office buildings to multifamily use have been going on for some time, but investor interest in these projects is accelerating due to anemic demand for office space in many major U.S. cities. However, the trend is not nearly as widespread as some in the industry have predicted it would be post-pandemic.

Dollar General’s POpshelf Targets Inflation-Weary Suburbanites with Hundreds of New Stores

Bisnow: Dollar General has announced plans to open 1,000 pOpshelf stores within the next three years, with an eventual goal of operating 3,000 locations nationwide, CNBC reported.
 

Norris & Stevens, Inc./TCN Worldwide Brokers Win Costar’s Q3 2022 Power Broker Quarterly Deals Award

Member Deal Announcement: CoStar Group, Inc., the leading provider of commercial real estate information, recently announced the Power Broker Quarterly Deals winners for the third quarter of 2022. Out of the top ten (10) largest office leases, Norris & Stevens, Inc. brokers were involved in three (3). Five brokers—Luis Martin del Campo, Tim Pfeiffer, Camden Muller, Matt Lyman, and Jack Schaub—had deals making the list of winners for Oregon and the Portland metro area. Winners are determined based on deal value and square footage.

Price Edwards & Company/TCN Worldwide in Oklahoma City Brokered the Sale of a 29,713 SF Neighborhood Retail Center on 5.3 Acres of Land for $4.8M

Member Deal Announcement: Shops at The Veranda located at 15300 N Western Ave in Edmond, OK is a 29,713 SF neighborhood retail center on 5.3 acres of land. The property sold to a local investor group for $4,820,000. Paul Ravencraft, George Williams, CCIM and Ian Self represented the seller in the transaction.

Moody Rambin/TCN Worldwide in Houston Represented the Tenant, Enerfin Resources Company, to Complete a 5,377 SF Office Lease

Member Deal Announcement: Enerfin Resources Company leased 5,377 square feet at the Ashford on the Bayou building, located at 1001 S. Dairy Ashford Road, Houston, Texas. Al Gabosch of Moody Rambin represented the tenant in negotiations.