TCN netWORKING: TCN Worldwide Deals, Industry News and Weekly Highlights

TCN Worldwide Deals, Industry News and Highlights

TCN netWORKING

TCN Worldwide Giveaway

Hurry, TCN Worldwide's Giveaway ends 4/20/2024 at 11:59 p.m. EDT. TCN Members Have a Chance to Win $100 USD!

Time is running out! We are hosting a giveaway for a gift card valued at $100 USD to one of our members from any of our #TCNAffiliates from across the globe! To participate, head over to our Instagram account through the link below and follow the instructions to enter.

Check out the post on Instagram for a chance to win!

The giveaway ends 4/20/2024 at 11:59 p.m. EDT. One winner will be chosen at random. The winner will be contacted via their official work email associated with their member firm and/or via TCN Worldwide's Instagram account. TCN Worldwide will not reach out to a winner through any other platform or social handle.

CRE Industry News, Top Stories

Prime Multifamily Metrics Tick Upward for First Time in Two Years

Multifamily metrics including going-in cap rates, exit cap rates and unlevered IRR targets for prime assets showed slight improvement in the first quarter, the first such uptick since the Federal Reserve began raising interest rates in early 2022.

RTO Trends Upward As Over 80% Of Landlords See Uptick In Office Lease Renewals

Nationwide office visits in March were at some of the highest levels since the onset of the pandemic, according to a new report that coincides with fresh data indicating the vast majority of office landlords are seeing more lease renewals.

How AI is Boosting the Data Center Market

The artificial intelligence boom is driving unprecedented growth and reshaping industrial development, according to the latest CommercialEdge report.

TCN News, Deal Announcements & Member Highlights

Senior Associate Kate Damato joins Forte Real Estate Partners/TCN Worldwide in Minneapolis-St. Paul

Kate Damato joins Forte Real Estate Partners to continue to build out the firm’s full-service commercial real estate platform. Damato has been in the real estate industry since 2013 working most recently as Managing Broker for Edina Realty, and with KimbleCo as a commercial real estate advisor. She brings a broad base of knowledge to the Forte team from her experience in tenant advisory, sales, and acquisitions. She believes the best way to build a fulfilling business is by maintaining strong, long-term relationships with clients and referral partners.

Arrow Real Estate Services/TCN Worldwide in Philadelphia Announces its CoStar Award Winners: Russ Menk and Damon Di Placido

Russ Menk receives 2024 CoStar Impact Award for Commercial Development of the Year in Philadelphia; recognized for bringing White Horse Wine and Spirits to Absecon Crossing. Damon Di Placido receives 2023 CoStar Power Broker Award.

Shannon Waltchack/TCN Worldwide in Birmingham Announces a New Addition to Its Leadership Team; Joe Denis joins as Vice President – Property Operations

Shannon Waltchack (SW) is thrilled to introduce Joe Denis, new Vice President - Property Operations. With a distinguished background in commercial property management, Denis brings a wealth of experience and expertise to lead the property management team.

Price Edwards and Company/TCN Worldwide in Oklahoma City Released Its 2023 Year-end Office & Retail Market Reports

2023 was a good year for retail, better than expected. Sales were up and national vacancy is at all-time lows driven by both consumer disposable income and limited new construction as well as a stronger than anticipated economy. While the Oklahoma City office market experienced positive absorption of 30,307 square feet, that does not tell the whole story. The north submarket was the clear leader in 2023, with positive absorption of 164,433 SF, which can be attributed to two of the larger deals done in the market in 2023.

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