|TCN Worldwide Deals, Industry News and Highlights|
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| TCN 2021 Fall Conference|
TCN Worldwide invites ALL MEMBERS to Austin, Texas this fall for our first in-person event in over a year! You won't want to miss this event! Returning for not one but TWO sessions is our most highly rated speaker of all time - JACK DALY!
Not a TCN member? — Interested in learning more about TCN or how you can attend this event, contact email@example.com.
| CRE Industry News, Top Stories|
Drive-Through Lanes Become Hotter Commodities in Pandemic (Featuring TCN's Derek Waltchack at Shannon Waltchack/TCN Worldwide)
Wall Street Journal: Real-estate investors are eager to get a piece of the now thriving drive-through business, said Derek Waltchack, a partner at Shannon Waltchack/TCN Worldwide, a real-estate developer and property owner based in Birmingham, Ala.
A property with a drive-through lane typically commands 10% to 20% higher rent compared to one without, he said. Shannon Waltchack wants to broaden its portfolio so that half of the firm’s properties include drive-throughs, or layouts that would allow for the construction of the lanes, he added. Seven of the firm’s 40 properties currently have drive-throughs.
CRE Awaits Adrenaline Injection From $1.9T Stimulus
GlobeSt.com: Previous stimulus measures sparked an increase in retail spending and helped keep tenants up to date on rent.
Record Industrial Demand Pushes Sector Forward
Commercial Property Executive: Nationally, rents rose 5.1 percent year-over-year in January as vacancy continued to fall, the latest CommercialEdge report shows.
| TCN News, Deal Announcements & Member Highlights|
Great Article from TCN Member Firm, Signature Associates/TCN Worldwide in Detroit: Why Institutional Investors Are Gravitating Towards The Detroit Market
Member Article: The industrial sector in the United States is having its golden hour, or maybe it is more accurate to say a golden decade. America’s reliance on speedy distribution channels, pushed even further due to the “Amazon Effect”, has permeated all aspects of the industrial sector. As a long-established industrial hub, several factors converged in Detroit which have led to an increase in interest from institutional investors.
Whitebox Real Estate/TCN Worldwide represented OP2 Labs, LLC in their Headquarters relocation to Riverbend West Business Park in Fort Worth, TX
Member Deal Announcement: OP2 Labs, recognized as one of INC 5000’s fastest growing companies in 2020, felt that moving their corporate headquarters to the 18,800 SF space at 1825 Handley Ederville Road would allow them to accommodate rapid growth in both the short and long term. Sean Smith, Jade Scott & Brendan Zrowka of Whitebox Real Estate represented OP2 Labs, Inc on the transaction.
Moody Rambin/TCN Worldwide in Houston Announces Several Recently Completed Transactions
Member Deal Announcement: Moody Rambin/TCN Worldwide in Houston announced several recently completed transactions, including a 135,296 square feet warehouse sale at 5800 Clinton Drive in east Houston. Zack Taylor with Moody Rambin represented the seller, a Houston-based business owner.