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

TCN Worldwide Deals, Industry News and Highlights

TCN netWORKING

TCN Assignments

New Assignment!

Ben Azulay at Bradford Allen Realty Services/TCN Worldwide in Chicago referred a tenant representation assignment to Zak Kottler at LevRose Commercial Real Estate/TCN Worldwide in Scottsdale.

CRE Industry News, Top Stories

As the Opportunity Zone Program Nears Its End, Real Estate Pros Eye an Extension

Wealth Management Real Estate: Any renewals of the Opportunity Zone program would have to be enacted by a divided Congress, but real estate industry experts are cautiously optimistic.

CRE Delinquencies Rise Another $12B In July, With Office Leading The Way

Bisnow: So far in July, $12B of CMBS loans have become newly delinquent, according to credit rating agency KBRA, up 34 basis points from June to a new rate of 3.93%, Reuters reports.

Construction Spending Booms Across the Board

Commercial Property Executive: Nonresidential construction spending is expected to increase by 20 percent this year. Industrial construction is leading the gains this year, with spending expected to be up 55.1 percent over last year.

TCN News, Deal Announcements & Member Highlights

Keri Davies and Jason Reddington at LevRose Commercial Real Estate/TCN Worldwide in Scottsdale Brokered the Sale of ±39,000 SF a Office Complex for $5 Million

Member Deal Announcement: LevRose Commercial Real Estate/TCN Worldwide is proud to announce the successful sale of The Grand, a prominent ±39,000 SF office complex in Phoenix. Keri Davies and Jason Reddington, esteemed listing brokers, were instrumental in orchestrating the transaction, which culminated in an impressive acquisition by Streamline Capital for $5 million.

Unique Properties/TCN Worldwide is Proud to Announce the Sale of a Rare Single-Tenant Industrial Investment Portfolio in Centennial & Englewood for $5,200,000

Member Deal Announcement: Unique Properties, Inc./TCN Worldwide, Colorado’s most experienced, privately held, full-service commercial real estate brokerage firm, is proud to announce the Sale of 14156 & 14105 E Easter Ave in Centennial, CO and 3333-3355 S Umatilla St & 1975-1995 W Girard Ave for $5,200,000. Brett MacDougall and Michael DeSantis, Vice Presidents, and Hudson Cramer, Broker Associate, with Unique Properties represented the Seller in both transactions.

Pullinen Property Group/TCN Worldwide: "The Impact of Technology on the CRE Market"

Member Article: The embrace of technology by businesses will have a slow and enduring impact on their space needs. The new way forward for CRE tenants is not only to retain and attract staff but, also to ensure they are adopting and adapting to new technologies. In turn this will impact the use of office space as companies swap people for technological solutions and more and more people work from home.

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