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

TCN Worldwide Deals, Industry News and Highlights

TCN netWORKING

TCN Assignments

Closed Assignment!

Congratulations! Levrose Commercial/TCN Worldwide in Scottsdale, AZ completed an industrial tenant representation assignment with Beitler Commercial/TCN Worldwide in Encino, CA. Matt Leonard, Zachary Olivet, and Jeff Tricco at Levrose Commercial initiated the assignment and worked with Ron Kassan and Arthur Minassian at Beitler Commercial to complete this transaction.

CRE Industry News, Top Stories

Strong Growth in a Unique Cycle

Pent-up demand has fueled a boost in U.S. GDP, according to economist Peter Linneman.

Ace Hardware To Invest $1B To Roll Out New Experiential Stores

Ace Hardware is drilling into the experiential retail trend with a big bet on a new store concept. The hardware retailer plans to invest $1B to launch the Elevated Ace concept in new and existing locations over the next five years, Retail Dive reported.

Commercial Property Prices Unchanged in July, Signaling Stability

“The downturn in property prices appears to be behind us now, as pricing has stabilized this year,” said Peter Rothemund, co-head of strategic research at Green Street. “For most property types, values are modestly higher than they were at the beginning of the year.”

TCN News, Deal Announcements & Member Highlights

Pacific Coast Commercial/TCN Worldwide in San Diego Brokers the Sale of a 34,750 SF Multi-Tenant Office Building for $4,050,000

6920 Miramar Road is a 34,750 SF multi-tenant office building part of a 4-building office condo project located along Miramar Road. The building was occupied by over 60 small tenants ranging in size from 50 SF to 2,000 SF, most on short-term leases. “The property was marketed for sale for over a year but finding a buyer proved difficult in today’s commercial lending environment and investors are nervous about the future demand for multi-tenant office. The listing team and Seller partnered with Ten-X to market the property and ended up with an all-cash buyer from Dubai that closed on the deal at $4,050,000 or $116/SF,” stated Bo Gibbons of Pacific Coast Commercial.

Hanna Commercial Real Estate/TCN Worldwide in Buffalo, NY Completes a 23,560 SF Industrial Lease

Hanna Commercial is pleased to announce the lease of a 23,560 sq. ft. manufacturing/warehouse building located at 1800 Broadway, Bldg. 6, Buffalo, NY. Congratulations to Hanna Commercial's Tim Hourihan and Joe Deck who represented the tenant, Celtic Sheet Metal.

Premier Commercial Real Estate Services/TCN Worldwide in Indianapolis Announces Several Recently Completed Transactions

Premier Commercial Real Estate Services/TCN Worldwide in Indianapolis has announced several recently completed lease transactions across various property types, showcasing their active role in the local commercial real estate market. Notable deals include Toric Engineering's lease of 35,732 square feet of industrial space, Uptown Cheapskate's lease of 5,000 square feet of retail space, and multiple renewals, including Windsor Jewelry at 20 N. Meridian St. Premier Commercial represented both landlords and tenants in these transactions, reflecting the firm's comprehensive service capabilities and strong market presence.

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