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

TCN Worldwide Deals, Industry News and Highlights
 
 TCN netWORKING
  TCN Assignments
 
New Assignment!

Thomas Bannigan at Unique Properties/TCN Worldwide in Denver referred an industrial tenant representation assignment to Sarah O'Connor at DP Management/TCN Worldwide in Omaha.

  CRE Industry News, Top Stories

NAR: March 2024 Commercial Real Estate Market Insights

During the second month of the year, the Commercial Real Estate (CRE) market presented a mixed picture, with certain sectors showing resilience while others continued to face uncertainties and losses. Lower interest rates later this year are expected to create a more favorable environment for the CRE market by reducing costs, increasing demand, and stimulating economic activity.

How Much Do Office Amenities Drive Rent And Occupancy Growth? New Report Puts A Number On It

High-quality amenities can significantly impact an office building’s occupancy and get tenants to pay a premium, with roof terraces and other outdoor spaces leading the enhancement pack, according to a new report that attempts to quantify which features are most profitable for building owners.

Property Management Success: Attracting and Retaining Gen Z Office Workers

Strategies for tailoring amenities and programming to the preferences of this crucial cohort.
 
  TCN News, Deal Announcements & Member Highlights


Unique Properties/TCN Worldwide is Proud to Announce the Sale of a Multifamily Investment Portfolio for $9,009,000 Million in Aurora, CO

Unique Properties is proud to announce the sale of 1377-1397 Laredo Street and 16415 E 14th Place in Aurora, CO 80011. Marc Lippitt, Phil Dankner, Justin Herman, Will McCauley and Elliott Polanchyck were the only brokers involved in the transaction. The property sold for $9,009,000 cash to Seller, which included a new loan on the subject property. The price per square foot was $163.37. The price per unit was $115,500.00.

“I am excited to add the properties at Laredo & 14th Place to our portfolio of multifamily properties. RuntBro continues to focus on providing clean, well-maintained, and affordable housing in the North Aurora submarket. The insurance and lending markets were a challenge in this transaction. A huge thank you to Phil Dankner and his team at Unique for getting this over the finish line. His team always goes above and beyond, and this transaction was no different!” says RuntBro.


Shannon Waltchack/TCN Worldwide Enters the South Florida Market with the Purchase of Tequesta Village Square

Commercial Real Estate firm Shannon Waltchack (SW) acquired Tequesta Village Square a 74,102 SF multi-tenant neighborhood retail center located in Tequesta, FL. This property is Shannon Waltchack Neighborhood Center III’s (SWNC III) first acquisition since launching earlier this year.

Shannon Waltchack launched its third fund, SWNC III, in January 2024, continuing its proven strategy of acquiring neighborhood centers across the country. This launch was significant, marking SW’s first partnership with an institutional partner, a $10 billion+ university endowment.


Forte Real Estate Partners/TCN Worldwide in Minneapolis-St. Paul Represents Hohenstein’s in Disposition and Acquisition of HQ Properties

Phil Simonet, Principal, and John Young, CCIM, Vice President at Forte, advised Hohenstein’s Inc. on the sale of its headquarters, an 86,492 sq. ft. industrial building on 7.5 acres of land in Woodbury, to Ventura Holdings, LLC. The property, located at 2330 Ventura Drive, Woodbury, MN for $10,750,000. Hohenstein’s Inc. is moving its distribution business to the Cottage Grove Industrial Park and building a new 145,000 SF office-warehouse, distribution building with expansion capabilities.

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