|TCN Worldwide Deals, Industry News and Weekly Highlights|
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| 2023 Top Brokerage Firms Ranking|
Commercial Property Executive unveils the 25 leading firms overall—plus the top performers for investment and leasing—in their latest annual ranking. TCN Worldwide is honored to be named once again as one of the Top 10 Commercial Brokerage Firms in CPE's 2023 Top Brokerage Firms ranking.
"In the dynamic landscape of commercial real estate, TCN Worldwide is honored to be recognized by Commercial Property Executive as one of the top 10 brokerage organizations in the commercial real estate industry," said Ross Ford, president & CEO of TCN Worldwide Real Estate Services. "Our member firms and their agents embody the relentless pursuit of excellence and unwavering commitment to serving their clients. We are honored to be acknowledged by Commercial Property Executive, a testament to our brokers' dedication and unrivaled expertise in investment sales and leasing."
| CRE Industry News, Top Stories|
Fed Pauses on Raising Interest Rates, For Now
Commercial Property Executive: At its latest meeting, the Federal Open Markets Committee has decided to pause on raising interest rates. The widely predicted decision is the first break in rate hikes in 15 months.
Recession Coming, but Real Estate has Reason for Optimism
The Real Deal: “A little bit of the cyclical downturn is being over-interpreted as a structural shift.” A mild recession lies ahead, but real estate observers and players can take heart in long-term factors like an “economic revival” in 2024, according to CBRE’s chief global economist Richard Barkham.
Are Suburban Offices Strengthening Their Comeback?
Commercial Property Executive: Urbanization will be the biggest trend for these spaces, predicts Ralph Zucker of Inspired by Somerset Development. Although workers. no longer want to waste time on long commutes, they still long for in-person interactions and need dynamic office spaces that boost their productivity and creativity. This has been fueling demand for suburban offices across the country.
| TCN News, Deal Announcements & Member Highlights|
Premier Commercial Real Estate Services/TCN Worldwide in Indianapolis Continues to Grow & Flourish in their New Location
Member Announcement: Premier Commercial Real Estate Services is continuing to grow & thrive. In the last six months, they moved to a larger office, hired more brokers, ramped up their construction sector, launched a new website, updated their brand, were on the list of the Top TCN Worldwide Member Deals for Q4’22, & last but certainly not least, earned the AMO® (Accredited Management Organization) accreditation from IREM (Institute of Real Estate Management).
Premier Commercial joins an exclusive group of less than 600 real estate management companies worldwide that have met the requirements to earn the AMO distinction. As of May 18, Premier Commercial’s new address is officially 9785 Crosspoint Boulevard, Suite 118, Indianapolis, IN. They have moved into a 4,420-square-foot suite, nearly quadrupling the size of their current offices.
Unique Properties/TCN Worldwide is Proud to Announce the Sale of 2065 S Holly St in Denver, CO for $2,150,000 ($167/SF)
Member Deal Announcement: Brett MacDougall and Michael DeSantis, Vice Presidents, and Hudson Cramer, Broker Associate, with Unique Properties, Inc./TCN Worldwide, represented the Seller in this transaction. The property is a freestanding industrial/retail flex building located at the corner of East Evans and Holly St. This sub-market has seen a huge spike in development and overall real estate activity due to the rise in new residential and commercial developments. Owned by a local family business for generations, this is the first time the property has traded hands in over 75 years.
Landmark Commercial Realty/TCN Worldwide in Harrisburg Announces Recent Transactions
Member Deal Announcement: Mountain Climb Partners, LLC recently purchased a 6,000 SF building at 441 E. Chocolate Avenue in Hershey, PA. Michael Curran, SIOR, President & Executive Managing Director at Landmark Commercial Realty/TCN, represented the buyer.