TCN Worldwide Deals, Industry News and Highlights
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| TCN Assignments |
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Ben Azulay at Bradford Allen Realty Services/TCN Worldwide in Chicago referred an office tenant representation assignment to Zak Kottler at LevRose Commercial Real Estate/TCN Worldwide in Scottsdale. |
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| CRE Industry News, Top Stories |
Landlords Cash In On Concert Demand As Live Nation Squeezes Small Venues
The post-pandemic focus on experiential retail has put a spotlight on music venues as drivers of foot traffic that increase dwell time. While not every music venue is equipped to host generational icons, the U.S. concert industry is a $36B market and growing, and commercial real estate landlords want a piece of the action. |
Apartment Rent Growth Expected to Decelerate Further in Second Half of 2024
U.S. multifamily rent growth and occupancy have deteriorated since peaking in 2022, and the 2024 Multifamily Outlook from Yardi Matrix anticipates further deceleration in the year’s second half. |
Back in the Office. Now What?
Even as some larger and more established tech companies have been putting their office spaces up for sublease, up-and-coming firms have been signing leases—sometimes to sublet from tenants downsizing their spaces. That’s the positive news. The less positive news is that they haven’t quite figured out the new normal of office utilization.
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| TCN News, Deal Announcements & Member Highlights |
Chicago Real Estate Resources/TCN Worldwide’s Finley Askin Closes 36-Unit Apartment Building for $2.7M
Finley Askin represented the buyer and seller in the sale of 6236 S King Dr, a 36-unit multifamily property located in Chicago’s south side neighborhood of Washington Park. The property sold for $2,700,000 or $75,000 per unit. The buyer closed all cash within 45 days.
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Bradford Allen/TCN Worldwide secures 7,500-SF lease for new P.J. Clarke’s at Manhattan West
Bradford Allen announced the execution of a new lease on behalf of P.J. Clarke’s at 434 W. 33rd Street for 7,500 square feet. The historic local eatery will occupy 7,500 square feet at Manhattan West, a vibrant, six-acre mixed-use development of Brookfield Properties. Glenn Isaacson, executive vice president at Bradford Allen’s New York office, represented the tenant. Bradford Allen’s Glenn Isaacson represented the tenant in this transaction.
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Starboard CRE/TCN Worldwide in San Francisco Announces 3 Recently Closed Transactions, 9 New Listings, Plus Exclusive Content from Hans Hansson, President/Broker of Record
Starboard CRE successfully closed 3 significant transactions in May and introduced nine new listings featured in this month's newsletter, along with valuable insights from Hans Hansson.
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