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

TCN Worldwide Deals, Industry News and Highlights
  TCN Assignments

New Assignment!

Jerry Goldner at Chicago Real Estate Resources, Inc./TCN Worldwide referred a land acquisition assignment to Tommy Erwin at Moody Rambin/TCN Worldwide in Houston.

  CRE Industry News, Top Stories

What Investors Should Know About Office Buildings with Subleases

Wealth Management Real Estate: What the surplus of subleased space available in today’s office market means for investors and how they can best operate in the changing landscape.

Newmark to Take $60B in Signature Bank Loans to Market

Bisnow: The Federal Deposit Insurance Corp. plans to hire real estate services firm Newmark to sell about $60B in loans the failed Signature Bank had on its books, The Wall Street Journal reported, citing anonymous sources.

Individual Investors Favor Resort Hotels Within Broader Hospitality Sector

Wealth Management Real Estate: Full-service hotels in vacation destinations are attracting equity from high-net-worth investors who are joining deals as limited partners.

  TCN News, Deal Announcements & Member Highlights

Pacific Coast Commercial/TCN Worldwide in San Diego Brokered the Sale of Gaslamp Retail Building for $4 Million

Member Deal Announcement: A prime downtown San Diego retail building spanning approx. 12,405 rentable square fee has recently sold for $4 million. The Seller was represented by Kris Boehmer of Pacific Coast Commercial. Situated in the heart of downtown San Diego at the southeast intersection of 5th Avenue and Broadway, this property’s location is positioned to benefit from the ongoing transformation into a vibrant, niche urban residential living environment.

Norris & Stevens, Inc./TCN Worldwide Brokers $1.55M Sale of Office/Retail Building in Portland, Oregon

Member Deal Announcement: Christ Church Sellwood recently completed the $1,550,000 purchase of the 7970 Milwaukie Building, located at 7970 SE Milwaukie Ave in Portland, Oregon. The single story building is an approximately 5,000 square foot office/retail facility situated on 0.13 acres, and includes 6 parking spaces. The property is conveniently located within close proximity to Hwy 99E in the desirable Sellwood-Moreland neighborhood of Portland. Tim Pfeiffer and Camden Muller with Portland-based Norris & Stevens, Inc. represented the Buyer.

Signature Associates/TCN Worldwide in Detroit Announced the Completion of Several Recent Retail Transactions

Member Deal Announcement: Signature Associates announced the completion of several recent office transactions including an investment sale at 32123 Gratiot Ave in Roseville, MI totaling 364,626 SF and 4315 Dixie Hwy in Waterford, MI at 61,804 SF.


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