TCN netWORKING: TCN Worldwide Deals, Industry News and Highlights

Barb Murdocca at Landmark Commercial Realty/TCN Worldwide in Harrisburg, PA referred an industrial tenant representation assignment to Michael Shor at Long & Foster Commercial/TCN Worldwide in Vienna, VA.

The United States Leads Global Real Estate Market Growth

Commercial Property Executive: Despite the ongoing impact of the pandemic, the global commercial real estate market grew in size by 8.5 percent year-over-year, going from a value of $10.5 trillion in 2020 to $11.4 trillion in 2021, according to the MSCI Real Estate Market Size report.

To Meet Demand, the United States Needs 4.3M More Apartments by 2035

Multifamily Dive: The U.S. needs 4.3 million new apartment units between now and 2035 in order to mitigate issues related to apartment demand and the shrinking supply of affordably priced housing, according to research commissioned by the National Multifamily Housing Council and National Apartment Association.

How Mortgage Rate Increases are Affecting Commercial Real Estate Investment

Wealth Management Real Estate: We are seeing investors shift into smaller tertiary markets where competition is weaker, and there are value-add properties where the potential for rent increases is higher.

TCN Worldwide Commercial Focus, Q2 2022: Top TCN Worldwide Member Deals

TCN Update: Check out these top TCN member deals for Q2 of 2022! Congratulations to Unique Properties/TCN Worldwide in Denver. The Unique Apartment Group completed the transaction with the highest total value for the quarter, a 402-Unit multifamily sale valued at $110,000,000!

LevRose Commercial Real Estate/TCN Worldwide in Scottsdale Brokered the Sale of 13847 N. Northsight Blvd. for $6,000,000

Member Deal Announcement: LevRose CRE/TCN Worldwide’s Zak Kottler, Joe Cosgrove, and Hunter Chasse represented the seller, Bradley Investments LLC, in the $6M sale of a 16.6KSF office building at 13847 N. Northsight Blvd., Scottsdale. The buyer was Salt Castle Trust.

Norris & Stevens, Inc./TCN Worldwide in Portland Brokers $2.2M Lease in Wilsonville, Oregon

Member Deal Announcement: The McLellan Company recently completed the $2,220,950 lease of Commerce Circle located at 10075 SW Commerce Circle in Wilsonville, Oregon. Commerce Circle is a 44,352 SF industrial building that includes 1,000 SF of office space. The building has 15 docks, a 30-foot clear height, T-5 lighting with motion sensors, ESFR sprinklers, and 208 3-wire with 1,000 amps. Scott Finney and Nick Chessar with Portland-based Norris & Stevens, Inc. represented the landlord, in the transaction.