|TCN Worldwide Deals, Industry News and Highlights|
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| TCN Assignments|
Congratulations! Hanna Commercial/TCN Worldwide in Cleveland has completed an assignment with Barclay Street Real Estate/TCN Worldwide in Calgary. Anthony Delguyd at Hanna Commercial initiated the assignment and worked with Luke Stiles at Barclay Street Real Estate to complete this $1.9M lease transaction.
| CRE Industry News, Top Stories|
Six Reasons 2023 Is the Year of the 1031 Exchange
Wealth Management Real Estate: 2023 is poised to be a big year for real estate owners who are looking to take advantage of the 1031 exchange, also known as the "like-kind exchange." Many long-term owners are starting to recognize their upside in the near future is gone, yet their management headaches and expenses remain.
Companies Still Want Office Space, But They Also Want To Stay Nimble
Bisnow: U.S. businesses are looking to add office space this year, but their planning is more short-term than it used to be, according to a new survey by software specialist Visual Lease of 200 senior corporate real estate executives at companies with more than 1,000 workers.
What 2023 Will Bring for Data Centers
Commercial Real Estate Executive: With steady growth in the past few years, data centers are transitioning from a niche market to the mainstream as companies’ needs for more digital infrastructure continue to grow, bringing more traditional real estate investors into the sector.
| TCN News, Deal Announcements & Member Highlights|
Norris & Stevens, Inc./TCN Worldwide in Portland Brokered $3.46M Sale of Office Building in Milwaukie, Oregon
Member Deal Announcement: Adult & Teen Challenge Pacific Northwest, an Oregon nonprofit corporation, recently completed the $3,460,000 purchase of the Clackamas Community Federal Credit Union Headquarters, located at 18600 SE McLoughlin Blvd in Milwaukie, Oregon. Tim Pfeiffer and Camden Muller with Portland-based Norris & Stevens, Inc. represented the Seller, Clackamas Community Federal Credit Union.
Landmark Commercial Realty/TCN Worldwide’s Jason Grace Named to Central Penn Business Journal Power 100
Member Announcement: Jason Grace, CCIM, SIOR, CEO & Managing Principal of Landmark Commercial Realty was named to the Central Penn Business Journal’s Power 100 list. This group is composed of the area’s most significant, influential and respected leaders in their fields.
Unique Properties/TCN Worldwide is Proud to Announce the Sale of 2364 – 2366 15th St in Denver, CO for $1,500,000 ($417/SF)
Member Deal Announcement: Brett MacDougall and Michael DeSantis, Vice Presidents, with Unique Properties, Inc./TCN Worldwide, represented the Seller in this transaction. This historic building, originally constructed in 1884, sits on the corner of Denver’s Platte Street which is one of the city’s most established and recently activated thoroughfares. The building has been held by the same owner for the last 50+ years, making this generational asset a highly attractive property sale.