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

TCN Worldwide Deals, Industry News and Highlights
  TCN Assignments
Closed Assignment!

Congratulations! Hanna Commercial Real Estate/TCN Worldwide in Dayton, OH has completed an assignment with Norris & Stevens, Inc./TCN Worldwide in Portland. Mac Biggar, CCIM, SIOR at Hanna Commercial initiated the lease assignment; Ron Smith with Hanna Commercial worked with Tim Mitchell and David Keys at Norris & Stevens to complete this 62-month lease.

  CRE Industry News, Top Stories

Farmland Produces a New Crop of Investment Opportunities

Wealth Management Real Estate: Investors now have options in both public and private markets to take stakes in American farmland.

Hundreds of Bed Bath & Beyond and buybuy BABY Leases up for Auction

Connect CRE: A&G Real Estate Partners will auction Bed Bath & Beyond and buybuy BABY leases as part of the company’s Chapter 11 cases, subject to Court approval of bid procedures. Bed Bath & Beyond stores are located in 48 states and range from 18,000 to 92,000 square feet, while buybuy BABY stores are located in 37 states, ranging from 14,000 to 63,000 square feet.

Bankruptcies, Bank Failures Haven't Dented Retail Real Estate's Recovery

Bisnow: Several prominent retailers have filed for bankruptcy and three of the biggest bank failures in U.S. history have taken place in the past few months, but none of that has yet blunted demand for retail space.

  TCN News, Deal Announcements & Member Highlights

Pacific Coast Commercial/TCN Worldwide in San Diego Brokers Sale of Historic Pt Loma/Midway District Property for $3.925 Million; Plans for Modern Hawley Lofts Unveiled

Member Deal Announcement: The iconic commercial property at 2844-2918 Lytton St., San Diego, California, has been acquired by Mana Investments for $3,925,000. Spanning five parcels and 37,135 sq. ft., the property includes five automotive commercial buildings that cover approximately 7,700 sq. ft. Mana Investments, spearheaded by Orville Power, plans to transform the site into the 74-unit Hawley Lofts. Ken Robak of Pacific Coast Commercial represented the seller, Donald L Hawley Trust, in this transaction.

Norris & Stevens, Inc./TCN Worldwide in Portland Brokers $2M Office Lease in Beaverton, Oregon

Member Deal Announcement: The Tenant, VIDA Coworking, leased four suites of office space. VIDA Coworking will offer 25 private offices, 26 “dedicated desks”, a variety of open flex office space, and an on-site fitness studio to its members. The coworking space will be opening on August 1st, 2023. Duane Link with Portland-based Norris & Stevens, Inc. represented the Landlord, 9300 Hillsdale, LLC.

Landmark Commercial Realty/TCN Worldwide in Harrisburg Holds Second Annual Central Pennsylvania Commercial Real Estate Symposium

Member Announcement: Landmark Commercial Realty hosted the second annual Central Pennsylvania Commercial Real Estate Symposium at the West Shore Country Club. Over 100 of the region’s most active real estate principals, developers, and advisors heard from area business leaders and the most prominent deal influencers in South Central Pennsylvania. Topics of discussion included the overall health of our regional economy, political and municipal issues impacting the land development process, and commercial real estate trends and projections in South Central PA for the remainder of the year into 2024.

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