TCN netWORKING:  TCN Worldwide Deals, Industry News and Highlights

TCN Worldwide is honored to be named once again as one of the Top 10 Most Powerful Commercial Brokerage Firms in Commercial Property Executive’s 2021 Most Powerful Brokerage Firms ranking.

E-Commerce Continues Driving Industrial Growth

Commercial Property Executive: As rents rise in land-constrained coastal markets, developers are shifting their focus inland, the latest CommercialEdge report shows.

27% of U.S. Shopping Centers are Found in California, Texas, and Florida

Chain Store Age: There are 115,049 shopping centers in the United States and 27% of them can be found in its three most populous states: California, Texas, and Florida.

Apartment Rent Growth Back on Track in Top 30 Metros

Connect Commercial Real Estate News: Multifamily rents increased by 2.5% year-over-year in May, or almost exactly where rent growth was in March 2020 when the pandemic began spreading in the U.S., Yardi Matrix reported. Many metro areas have recovered and surpassed pre-pandemic rent growth numbers.

Great Article from TCN Member Firm, Signature Associates/TCN Worldwide in Detroit: How The Restaurant Industry has Adjusted as a Result of The Pandemic

Member Article: While it is safe to say the COVID-19 pandemic brought about many unprecedented challenges for most businesses, the restaurant industry in particular found itself faced with challenges the like of which it had never witnessed before. From constantly changing rules and regulations, safety guidelines, occupancy limits, and extremely challenging staffing issues, restaurants have been forced to adapt to an ever-changing environment to survive.

Price Edwards/TCN Worldwide in Oklahoma City Brokers $6,900,000 Sale

Member Deal Announcement: Associated Mortgage Company paid 929 Villas, LLC $6,900,000 for a 41,922 SF office building at 3121 Quail Springs Parkway, Oklahoma City. In addition to the building, the transaction includes approximately 65,000 SF of land immediately to the north of the building site. Tre Dupuy and Ian Self handled the transaction.

PW Commercial Real Estate/TCN Worldwide in Chicago Procures Sale of 24,000 SF Building in Elk Grove Village

Member Deal Announcement: PW Commercial Real Estate – TCN Worldwide is pleased to announce Ed Wabick SIOR, and Marc Hale represented the Buyer in the disposition of a 24,000 SF Industrial building located minutes away from O’Hare International Airport at 1225 Arthur Avenue in Elk Grove Village.

Whitebox Real Estate/TCN Worldwide in Dallas Represented Taylor Counseling Group in a 3,632 SF Expansion

Member Deal Announcement: Whitebox Real Estate, LLC recently worked with the Taylor Counseling Group to expand their office at Mallick Tower in Fort Worth. Their offices will expand to 3,632 SF expansion at 101 Summit Avenue, Fort Worth, TX 76102. David Harris & Jade Scott with Whitebox represented Taylor Counseling Group on the transaction, and Marshall Mays of Holt Lunsford represented the Landlord.