TCN netWORKING: TCN Worldwide Deals, Industry News and Highlights

TCN Worldwide Deals, Industry News and Highlights
  2022 Most Powerful Brokerage Firms Ranking

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 2022 Most Powerful Brokerage Firms ranking.

  CRE Industry News, Top Stories

Flashing Yellow Signs

Wealth Management Real Estate: While the U.S. commercial real estate sector continues to perform extremely well, today’s macroeconomic environment has created some new sources of stress for industry investors. The high rate of inflation and the Fed's plans to raise interest rates could slow the commercial real estate sector's momentum.

Amazon’s Warehouse Pullback Seen As Opportunity For Upstarts To Play Catch-Up

Bisnow: Amazon reportedly plans to get rid of anywhere between 10M SF and 30M SF of warehouse space, a move that represents a dramatic reversal for the company that has for years had the most voracious appetite for industrial real estate.

Industrial Market Pulling Ahead Despite Headwinds

Commercial Property Executive: Although the under-construction pipeline is ballooning, experts see the industrial market as severely undersupplied, the latest CommercialEdge report shows.

  TCN News, Deal Announcements & Member Highlights

Norris & Stevens, Inc./TCN Worldwide Brokers $7M Sale in Portland, Oregon

Member Deal Announcement: Jerry and Deborah Ivy recently completed the $7,000,000 purchase of an approximately 24,142 SF single-tenant office building located at 7545 NE Ambassador Place in Portland, Oregon which is on a land lease with the Port of Portland. This class “A” suburban single-story office building is situated on approximately 2.26 acres of land just off NE Airport Way near Portland International Airport. Matt Lyman and Jack Schaub with Portland-based Norris & Stevens, Inc. represented the seller in the transaction.

Unique Properties/TCN Worldwide Sold 19,474 SF Littleton Medical Arts Building for $3,080,000

Member Deal Announcement: Marc Lippett & Justin Herman with Unique Properties representing the seller, Glorycrest Alpha Limited. The building (8340 S Sangre De Cristo, Littleton CO 80127) boasts high occupancy and visibility. Additionally, the surrounding area’s population totals well over 150,000 and maintains high household incomes and home values. These factors combine to make the Littleton Medical Arts Building an excellent investment opportunity and steady stream of income for the buyer.

Mericle Commercial/TCN Worldwide in Wilkes-Barre, PA Welcomes Summer Interns

Member Announcement: Mericle Commercial welcomes Teagen Staudenmeier, Adam Tarnowski, and Jimmy Dunleavy to their summer internship program.

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