TCN netWORKING: TCN Worldwide Deals, Industry News and Highlights

Landon Mckernan at LevRose Commercial/TCN Worldwide in Scottsdale has referred an industrial assignment to Marc S. Lippitt and Justin Herman at Unique Properties/TCN Worldwide in Denver.
 

Ben Azulay at Bradford Allen Realty Services/TCN Worldwide in Chicago referred a tenant representation assignment to Robert Menendez at Starboard Commercial/TCN Worldwide in San Francisco.
 

U.S. Office Buildings Face $1.1 Trillion Obsolescence Hurdle

Wealth Management Real Estate: About 30 percent of U.S. office buildings are at high risk of becoming obsolete, according to one consultant.

Office Glut has Cities Rethinking Single-Use Downtown

GlobeSt.com: With record-high office vacancies persisting as the pandemic wanes in the US, a growing number of cities are adjusting single-use downtown zoning to encourage office conversions to multifamily and mixed-use developments.

CRE Investor Demand ‘Has Grown To New Heights,’ With Multifamily Outpacing Industrial

Bisnow: Commercial real estate investment has more than recovered from its pandemic-induced slump and is slated to grow further this year.
 

Pacific Coast Commercial/TCN Worldwide in San Diego Brokered the Sale of 701-777 Broadway, a Multi-tenant Retail Shopping Center for $8,232,000

Member Deal Announcement: Located at 701-777 Broadway, El Cajon, CA, the multi-tenant retail shopping center was acquired for $8,232,000. Brian Crepeau and Vanessa Reza of Pacific Coast Commercial represented the Seller, Broadway Center Associates, LLC.

Signature Associates/TCN Worldwide in Detroit Celebrates a Record Year

Member Announcement: In 2021, Signature completed more than 1,527 transactions totaling 36 million square feet and 3,591 acres with a total value of $1.6 billion. Several awards were given out to all levels of brokerage experience, including many of their most distinguished brokers and several first-time winners. Not only was it a record year for Signature, but also a career-best for many of our brokers.

TCN Worldwide's Cowles M. (Buddy) Spencer is being recognized by Continental Who's Who as a Trusted Pinnacle Executive in the Realty field and in acknowledgment of his work at Mid Atlantic Commercial Realty

Member Announcement: Throughout his 45-year long career, Cowles M. (Buddy) Spencer has become a respected Executive in Real Estate and Brokerage. He is the CEO of Mid-Atlantic Commercial and Residential Realty, located in Yorktown, VA. Mr. Spencer has grown his company exponentially since its inception. Mid-Atlantic Commercial Realty is now a Top 5 Power Broker in Hampton Roads, VA area by Co-Star for its work in land acquisitions, development, and real estate brokerage. In addition, the company is the Hampton Roads affiliate of TCN Worldwide. Mid-Atlantic was awarded among the Top Workplaces in 2020-2021 in Hampton Roads.