TCN Worldwide Deals, Industry News and Highlights
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| TCN netWORKING |
| TCN Assignments |
| Closed Assignment! | 
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Congratulations! Bradford Allen Realty Services/TCN Worldwide in Chicago completed an assignment with Unique Properties, Inc./TCN Worldwide in Denver. Ben Azulay at Bradford Allen initiated the assignment and worked with Earl Duffy at Unique Properties to complete this lease renewal. |
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| CRE Industry News, Top Stories |
Rents Soar 20% in Largest U.S. Data Center Markets
Operating costs for data center tenants have jumped dramatically this year as the industry’s power problems grow. |
Office Visits Continue to Improve
Office visits continue to creep back to prepandemic levels, according to Placer.ai, which reported that nationally, visits in June were down only 29.4 percent compared to June 2019. Looking at markets, Miami is closest to returning to 2019 figures as its visits were down by just 9.8 percent in June compared to June 2019. |
Are Construction Costs Stabilizing?
Development activity is likely to intensify amid labor constraints.
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| TCN News, Deal Announcements & Member Highlights |
Barclay Street Real Estate/TCN Worldwide in Calgary Announces the Sale of Two Major Retail Assets for $79 Million
Barclay Street Real Estate is excited to announce the sale of two major retail assets for 79 million dollars in Calgary. The Royal Oak Park is a 105,929 SF grocery store anchored shopping centre in Calgary’s thriving Royal Oak community. Royal Oak Place is a 40,520 SF strip centre anchored by Shoppers Drug Mart and is home to several established businesses, positioning this property as an excellent investment opportunity. Congratulations to George Larson and Manish Adiani of Barclay Street Real Estate!
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Forte Real Estate Partners/TCN Worldwide Begins Management of Historic Former Streetcar Station in North Loop Minneapolis
Forte Real Estate Partners has been selected to manage a historic former streetcar maintenance facility built by Twin Cities Rapid Transit Company (TCRT) in 1914. This property, now owned by Concrete Properties, is a 182,000 sq. ft. industrial/warehouse property located at 2500 Washington Ave. N in Minneapolis. Chad Thomas, Senior Vice President-Property Management, is managing the property on behalf of Concrete Properties. Forte Real Estate Partners manages more than 1.5 million sq. ft. of commercial office and industrial properties across the Twin Cities and was ranked on the Business Journal’s Top 25 Property Management Firms. |
Shannon Waltchack/TCN Worldwide in Birmingham Welcomes Six New Talented Professionals to its Growing Team
Shannon Waltchack is thrilled to welcome six talented professionals to the team! This strategic expansion is part of our continuous effort to deliver exceptional service and drive growth in the commercial real estate sector. “We are excited to welcome our new colleagues to Shannon Waltchack,” said Andrew Patterson, CCIM, CPM “Their unique strengths align with our core values and strategic goals. Their contributions will be instrumental as we expand our services and grow our portfolio.” |
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