TCN netWORKING: TCN Worldwide Deals, Industry News and Weekly Highlights (5.28.24)
TCN Assignments:
TCN Worldwide HQ in Dallas referred an office assignment to Hans Hansson at Starboard Commercial Real Estate/TCN Worldwide in San Francisco.
CRE Industry News, Top Stories:
When WeWork's attorneys revealed in court that Yardi would become the majority owner of the beleaguered coworking company after providing it most of the money it needs to exit bankruptcy, the arrangement seemed to come out of left field to players in the coworking and real estate technology sectors.
The tone was both guarded and hopeful as industry leaders took stock of the real estate landscape at DLA Piper’s 18th Global Real Estate Summit, “Rebounding Into the Future” in downtown Chicago.
What to do with outdated office, hotel, and other commercial spaces? Many owners are turning these hard-to-lease spaces into apartments. And according to RentCafe’s first quarter Adaptive Reuse Report, this trend is only getting stronger.
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TCN News, Deal Announcements & Member Highlights:
Victoria FLLLP recently completed the $1,050,000 purchase of The Kelly Building, located at 4621 S Kelly Ave in Portland, Oregon. Designed by one of Portland’s most famous architects, Saul Zaik, the property embodies his “Northwest Modern” style. Zaik’s design for The Kelly Building captures the aesthetic of the Pacific Northwest with a stunning wood interior, floor-to-ceiling windows, and towering ceilings. Todd VanDomelen and Mike Brown with Portland-based Norris & Stevens, Inc. represented the Seller.
Amy Melchior's journey in property management began with an internship at CBRE during her time at the University of St. Thomas, where she worked as a summer surveyor. Despite the challenges of gathering data manually, she found the experience to be character-building and a solid foundation for her career. Amy's favorite aspect of property management lies in problem-solving, as it allows her to engage with various facets of commercial real estate and foster positive outcomes for tenants and investors alike.
Barclay's inaugural '24 BSRE Calgary Stats Summary offers a comprehensive snapshot of Calgary's dynamic market landscape from January to April 2024. This report offers an overview of key sectors, presenting detailed statistics on office, industrial, retail, and investment activities.
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.
Research Manager
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