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

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

Thomas Saito at Sitar Realty Company/TCN Worldwide in Northern New Jersey referred a retail tenant representation assignment to Alex Stele at MS&C Commercial/TCN Worldwide in Sarasota.

  CRE Industry News, Top Stories

Yardi To Become WeWork's Majority Owner In $450M Bankruptcy Exit Plan

Attorneys for WeWork revealed in a Monday morning bankruptcy hearing that under its plan to exit bankruptcy, property management software provider Yardi Systems would become the majority owner of the coworking titan.

Trepp’s Latest Report: 2024 Special Servicing Rates

The Trepp CMBS Special Servicing Rate jumped up to 7.31 percent in March, rising 17 basis points from the month before. This now marks the fifth straight month of inclines, over which time the rate has increased over 50 basis points.

Texas Is Winning Aerospace Investment. Now It Must Win The War For Talent

As funding and development in the aerospace, aviation and defense industries have ticked up over the past year, Texas has positioned itself to reap the benefits.
  TCN News, Deal Announcements & Member Highlights

TCN Worldwide Commercial Focus, Q1 2024: Top TCN Worldwide Member Deals

Check out these top TCN Worldwide member deals for Q1 of 2024! Congratulations to Levrose Real Estate/TCN Worldwide in Scottsdale, AZ. Zak Kottler and Joe Cosgrove completed the transaction with the highest total value for the quarter, a 74,396 SF industrial sale valued at $11,100,000!

WestMark Commercial/TCN Worldwide Facilitates Sale of 43,680 SF Property in Lubbock, Texas for $4,550,000

WestMark Commercial/TCN Worldwide is pleased to announce the successful completion of a significant industrial property transaction in Lubbock, Texas. The property, located at 3410 N. Elm Avenue, has been sold for $4,550,000 and spans an impressive 43,680 square feet.

Barclay Street Real Estate/TCN Worldwide in Calgary Released its Q1 2024 Market Reports

Overall availability – and particularly the vacant component – of Calgary’s suburban office market decreased slightly through the first quarter of 2024 due to approximately 45,000 square feet of positive absorption. Downtown office space posted another quarter-over-quarter decrease as we moved into 2024. Just under 211,000 square feet of space was taken, which includes South Bow Corporation taking approximately 87,000 square feet of space in 707 5th and National Bank of Canada taking approximately 44,000 square feet of space in Banker’s Court.

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