TCN Worldwide Deals, Industry News and Highlights
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| CRE Industry News, Top Stories |
Office-To-Resi Conversion Pipeline Balloons to Record 71,000 Units
In just three years, the number of apartments that could come from office conversions has almost tripled to a new high. Converting office spaces to residential uses is the most popular category of adaptive reuse projects, making up 42% of the total 168,500 future conversion projects, according to RentCafe. |
Industrial Report: Sector Transitions as Supply Shrinks
With new starts shrinking dramatically last year, 2025 will be a year of adjustment for the industry, the latest CommercialEdge data shows. |
Amazon to Spend $100B on AI in 2025 as a Data Center Arms Race Brews
Amazon could have made more money last quarter if it had been able to keep up with demand for computing power, according to its CEO. In an effort to catch up, the e-commerce and tech giant plans to invest roughly $100B on its cloud computing business in 2025, with the majority of the capital expenditure going towards data centers, internal chip manufacturing and equipment acquisitions.
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| TCN News, Deal Announcements & Member Highlights |
Norris & Stevens/TCN Worldwide Brokers $3.04M Investment Sale of The Glenwood Apartments in Portland, Oregon
Glenwood on Powell, LLC recently completed the $3,040,000 ($108,571/unit) purchase of the Glenwood Apartments, a multi-family complex located at 13116 SE Powell Boulevard in Portland, Oregon. Constructed in 1970, the Glenwood Apartments is a 28-unit multi-family asset consisting of 6 buildings situated on 1.02 acres in Portland’s Powellhurst-Gilbert neighborhood. David C. Chatfield and Adrian Vidican with Portland-based Norris & Stevens, Inc. represented the Buyer and the Seller, Edward Y. Wong and Bin Y. Wong, in the transaction.
| Signature Associates/TCN Worldwide in Detroit Announced the Completion of Several Recent Office Transactions
Signature Associates announced the completion of several recent office transactions including the 68,362 SF sale located at 14661 Rotunda Dr. in Dearborn, MI brokered by Jack Townsend and the 45,138 SF sale located at 17475 Federal Dr. in Allen Park, Mi brokered by Chris Secontine and Brad Viergever. | Landmark Commercial Realty/TCN Worldwide Announces New Leadership in Accounting: Kristen Yost Appointed Director
Landmark Commercial Realty is pleased to announce the appointment of Kristen Yost as the new Director of Accounting. Kristen brings over 10 years of diverse experience in the for-profit, government relations, and non-profit sectors, making her a valuable addition to our team. |
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