|TCN Worldwide Deals, Industry News and Highlights|
| TCN netWORKING|
| TCN Assignments|
Congratulations to the following TCN Worldwide member firms who participated in TCN referrals during this first quarter!
|TCN Worldwide Member Firm||Number of Assignments|
| || |
|Bradford Allen Realty Services|
|Beitler Commercial Realty Services - Brentwood|
|Starboard Commercial Real Estate|
|Levrose Commercial Real Estate|
|Barclay Street Real Estate, Ltd. - Calgary|
|Hanna Commercial Real Estate|
|Premier Commercial Real Estate Services, Inc.|
| CRE Industry News, Top Stories|
Ten-X Liquidity Tracker, April 2018: Current Liquidity/Credit Trends
The Ten-X research team is monitoring a number of credit and liquidity indicators that are available on a high frequency basis, and will help signal any potential disruption to the economic and real estate cycles emanating out of the capital markets.
Aging Population is Only One Driver of Seniors Housing Rent Growth
REIS: The seniors housing market has garnered more attention over the past few years as baby boomers swell the ranks of the retirement demographic. Developers have built numerous housing communities for seniors across the country, and investors have been curious about the growth potential of this property class, given that it barely existed 20 years ago.
Economy Watch: Most Metros Enjoying Lower Unemployment Than a Year Ago
Commercial Property Executive: Nearly concurrent with the national employment report released late last week, the Bureau of Labor Statistics also reported that unemployment rates were lower in February than a year earlier in 319 of the 388 U.S. metropolitan areas, higher in 48 areas, and unchanged in 21 areas. That is arguably better for commercial real estate absorption than national numbers, since company growth and site selection tends to take place on a local basis.
| TCN News, Deal Announcements & Member Highlights|
Former Pink Pony Restaurant Space in Old Town Scottsdale Sells for $2.65M by Levrose Commercial Real Estate/TCN Worldwide
Member Deal Announcement: Levrose Commercial Real Estate/TCN Worldwide has completed the sale of the former Pink Pony restaurant space in Old Town Scottsdale at a Scottsdale office building at 3831 North Scottsdale Road. HUMBL, LLC purchased the 8,315 square foot Scottsdale restaurant space from SL, LLC for $2,650,000. Geoff Turbow of Levrose Commercial Real Estate facilitated the sale.
Unique Properties/TCN Worldwide announces the sale of 3400 Mariposa St. in Denver for $2.05M
Member Deal Announcement: Denver interior design entrepreneur snaps up office building. The property located at 3400 Mariposa St., Denver property was listed by Sam Leger and Tim Finholm of Unique Properties/TCN Worldwide. Angela Harris is the founder of Trio Environments Inc. and will relocate her company to this building.
John Millner Promoted to Managing Director at Bradford Allen/TCN Worldwide in Chicago.
Member Announcement: Jeffrey A. Bernstein and Laurence B. Elbaum, Co-Founders of Bradford Allen, are pleased to announce that John Millner has been promoted to Managing Director. Millner, formerly a Director with the firm, joined Bradford Allen in 2009.
Jim Autenreith & Chris Ochterbeck of Moody Rambin/TCN Worldwide in Houston Represent Owner in New Industrial Leasing Deal
Member Deal Announcement: SAI BK Traders Corp., leased 4,420 square feet at 10643 Haddington Drive Suite 150B in Houston, Texas. Chris Ochterbeck and Jim Autenreith of Moody Rambin represented the building owner.
Paramount Real Estate/TCN Worldwide promotes Lisa Borene to Vice President of Property Management
Member Announcement: Lisa is responsible for providing asset and property management services for the Paramount property management portfolio. Paramount management services include third-party management of office, industrial, retail and flex properties and receivership services throughout the Twin Cities area.