TCN netWORKING: TCN Worldwide Deals, Industry News and Weekly Highlights (6.18.24)
TCN Assignments:
Kirk Schneider at WestMark Commercial/TCN Worldwide in Lubbock referred a retail tenant representation assignment to Barrett England at Vision Commercial Real Estate/TCN Worldwide in Dallas.
CRE Industry News, Top Stories:
New developments surged to more than 400 million square feet, according to the latest CommercialEdge report.
Staying ahead of the curve in an ever-changing multifamily landscape requires a keen understanding of emerging trends and a proactive approach to addressing shifting market dynamics. As the industry continues to evolve, it brings both challenges and opportunities for property managers.
As interest rates stabilize, investors sitting on mountains of cash are starting to spend their money, and one sector in particular is enjoying the spoils. ?
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TCN News, Deal Announcements & Member Highlights:
The Unique Apartment Group a division of Unique Properties, Inc/TCN Worldwide is proud to announce the sale of the property at 949 Marine Street in Boulder, Colorado for $21,710,000! The property has 32 units and 56 bedrooms (80 bedrooms if Dens and Lofts are included). This is important because in the greater Denver area it is usually priced per unit. In Boulder, they sell by the bedroom. The owner, Hill House LLC, was represented by Marc Lippitt, Justin Herman, and Phil Dankner at Unique Properties, Inc.
We are thrilled to share that Forte Real Estate Partners, LLC has been recognized for the second year as an honoree by the Minneapolis/St. Paul Business Journal (MSPBJ) as a 2024 Best Places to Work! “We foster a culture that values innovative thinking, openness, integrity, mutual respect and recognition for each other, collaboration, working hard and having fun, and finally and equally as important, community enhancement,” stated Jim Jetland, Principal at Forte Real Estate Partners.
G & M Landover, LLC recently completed the $4,650,000 purchase of the Landover Townhomes, a 12-unit multi-family property located at 11015 NE 26th St in Vancouver, Washington. The Landover Townhomes is an approximately 18,876 square foot multi-family asset made up of three 2-story buildings situated on 0.70 acres of land. David C. Chatfield and Cameron Mercer with Portland-based Norris & Stevens, Inc. represented the Seller, Genesis Rentals, LLC, in the transaction.
The advent of artificial intelligence (AI) is set to revolutionize the role of salespeople in ways we are only beginning to comprehend. As AI technology becomes more sophisticated, it promises to enhance efficiency, provide deeper insights, and transform the dynamics of customer interactions. But what does this mean for the future of sales professionals? Will they become obsolete, or will their roles evolve to add even greater value?
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.