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

TCN Worldwide Deals, Industry News and Highlights
  2023-2024 TCN Worldwide Sponsor

TCN Worldwide is proud to announce Buildout as a 2023-2024 gold sponsor. Since 2010, Buildout has helped CRE brokerages showcase their brand and win more deals with the industry’s leading marketing solution. Expanding its platform to support the full brokerage, Buildout now helps optimize the entire deal cycle and boost revenue by streamlining prospecting, listings, pipeline management, commission splits, and more. Developed with customer feedback and insights, the Buildout platform leverages best practices and workflows used by CRE’s top brokerages.

  CRE Industry News, Top Stories

Property Management’s Role in the Development of New Office Spaces

Commercial Real Estate Executive: From amenity spaces to the carbon footprint, property managers play a central role in the design of commercial offices.

Senior Housing Occupancy Rates Continue to Climb

Multi-Housing News: Senior housing occupancy rates have increased for the seventh consecutive quarter, according to a report by the National Investment Center for Seniors Housing & Care, which utilized data from NIC MAP Vision. Occupancy rates for the first quarter of 2023 were 83.2 percent, a 30 percent increase from the fourth quarter of 2022’s 82.9 percent occupancy rate.

Institutional Investors Remain Interested in Data Centers. But They Are Waiting for the Right Moment

Wealth Management Real Estate: Investment sales of data centers slowed dramatically toward the end of 2022 and through the first quarter of 2023, as rising interest rates and capital constraints impacted acquisition activity. However, the asset class has not fallen out of favor with investors who industry observers say are biding their time before jumping back into the market.

  TCN News, Deal Announcements & Member Highlights

Richard Bowers & Company/TCN Worldwide: The American Cancer Society (ACS) Signs 42,000 SF Office Lease in North Downtown Atlanta’s 270 Peachtree Street Office Tower

Member Deal Announcement: The American Cancer Society (ACS) signs 42,000 square foot office lease to open their Discovery Hub operation in north downtown Atlanta’s 270 Peachtree Street office tower. John Dolan of CBRE represented ACS and Greg Kindred and Ash Parker with Richard Bowers & Company represented the landlord in this transaction. “During a year in which fewer leases over 40,000 square feet were inked across metro Atlanta, ACS emerges with an innovative design for re-envisioning how the company will interact in its office space,” states Greg Kindred.

Mid-Atlantic Commercial/TCN Worldwide Facilitates $21 Million Sale of Warwick Village Apartments in Newport News, VA

Member Deal Announcement: As the sole brokerage involved, Mid-Atlantic Commercial is pleased to announce the successful closing of Warwick Village Apartments in Newport News, VA. The property was sold for $21 million and acquired by Cohen Investment Group, a real estate investment firm that currently owns and operates over 68 assets in 13 states across the country.

Norris & Stevens, Inc./TCN Worldwide Brokers $2M Investment Sale of a Burger King Drive-Thru in Newberg, Oregon

Member Deal Announcement: Alimony Holdings, LLC recently completed the $2,000,000 purchase of a Burger King drive-thru located at 2900 Portland Road in Newberg, Oregon. Constructed in 1998 and renovated in 2008, the approximately 3,060 square foot dine-in restaurant includes a drive-thru and is ideally situated near Fred Meyer and Safeway. Tim Budelman with Portland-based Norris & Stevens, Inc. represented both the Buyer and the Seller, The Helen Lopez Trust, in the transaction.

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