TCN netWORKING: TCN Worldwide Deals, Industry News and Weekly Highlights (2.11.25)
TCN Assignments:
David Wallach, CCIM at Barclay Street Real Estate, Ltd./TCN Worldwide in Calgary referred an investment sales assignment to Keri Davies, Jason Reddington, CCIM, and Jonathan Rosenberg at LevRose Commercial Real Estate/TCN Worldwide in Scottsdale.
CRE Industry News, Top Stories:
Key takeaways from the year’s investment trends, according to DLA Piper’s annual survey.
Both the downtown and suburban Chicago office markets showed signs of positive momentum at the end of 2024. According to a recent report by Bradford Allen/TCN Worldwide, the suburban Chicago office vacancy rate was 24.6% at the end of 2024, slightly up from 24% during the first half of the year, but rents slightly rose to $27.53 per square foot.
U.S. multifamily is rebounding strongly, driven by declining vacancy rates and robust absorption. ?
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TCN News, Deal Announcements & Member Highlights:
Landmark Commercial Realty is proud to announce its instrumental role in the recent acquisition of three properties by Central Dauphin School District, a move that underscores the power of teamwork and the positive impact on the local community. These acquisitions are part of a larger $36 million project to transition the district from half-day to full-day kindergarten. The district will spend $9.4 million to purchase these properties, marking the first step in this significant initiative.
OptumServe Health Services, Inc. recently completed the $1,400,392 lease of Suite 230 at the Cascade II Building, located at 1925 NE Stucki Avenue in Hillsboro, Oregon. Constructed in 1999, the Cascade II Building is a medical office building that is part of a 9-building business park. The four-story building is approximately 97,000 square feet, and the leased suite is approximately 6,092 square feet. Tim Budelman with Portland-based Norris & Stevens, Inc. represented the Tenant.
Signature Associates is proud to announce that Luke Clemente Timmis has been honored as the Emerging Leader of the Year at the 2025 Detroit Commercial Real Estate Awards. This prestigious recognition highlights Luke’s dedication, expertise, and significant contributions to the commercial real estate industry. Congratulations, Luke! We celebrate this well-deserved achievement and look forward to your continued success.
?About TCN Worldwide:
TCN Worldwide, a consortium of independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally. Established in 1989, TCN Worldwide stands as a prominent figure in the commercial real estate industry, ranking among its largest service providers. As an alliance of premier independent brokerage firms serving more than 200 primary and secondary markets worldwide, TCN Worldwide provides comprehensive integrated solutions across North America, Asia, Europe, the Middle East, and Australia.
With an expansive array of real estate services and an unwavering commitment to exceeding client expectations, TCN Worldwide member firms represent approximately $47.3 billion in transactions annually across 70+ offices and more than 1,500 commercial real estate professionals.
For more information on TCN Worldwide, visit www.TCNWorldwide.com.