TCN netWORKING: TCN Worldwide Deals, Industry News and Highlights

TCN Worldwide is proud to announce Biproxi as a 2022 gold sponsor. Biproxi uses technology to verify each investor and understand their needs so you are only working with the highest value buyers for your listings. By building a single marketplace built on transparency and access to data, Biproxi makes investment sales simpler, less expensive, and faster than ever before.

Thank you to all of our 2022 TCN Worldwide Conference Sponsors! We look forward to seeing you in Portland later this month for this year's TCN Worldwide Principals' Conference.

Why Industrial Outdoor Storage Is the New Hot CRE Type

Commercial Property Executive: Industrial outdoor storage has gone from being a niche in the industrial sector often owned by small private investors and mom-and-pop operators to a market estimated at $200 billion.

Penn Station Plan Makes a High-Stakes Bet on the Future of Office Work

New York Times: Despite near record-high office vacancies, Gov. Kathy Hochul has backed a real estate project at the New York transit hub that would be one of the largest in American history.

Some Buyers Hunt for Opportune “Stressed” Hotel Investments

Wealth Management Real Estate: There was no wave of COVID-induced distressed buying in the hospitality sector, but there may be some strategic opportunities to buy now.

Pacific Coast Commercial/TCN Worldwide in San Diego Brokered the Sale of a Neighborhood Retail Center Located at 403-407 N. Twin Oaks Valley Road, San Marcos, CA for $8.2M

Member Deal Announcement: "Pacific Coast Commercial (PCC) represented the Seller in the acquisition of the project in November of 2014. PCC continued to manage and lease the property adding value to the center over the next 7+ years. The property was in a great position to be sold to another long-time client that was in a 1031 exchange and keenly focused on buying a multi-tenant investment property in San Diego County,” stated Bo Gibbons, Associate Vice President of PCC. Bo Gibbons, Liam Teer, and Lee Suryani of Pacific Coast Commercial represented the Seller, and Brian Crepeau and Bo Gibbons of Pacific Coast Commercial represented the Buyer.

Norris & Stevens, Inc./TCN Worldwide in Portland Brokers $5.3M Retail Sale In Camas, Washington

Member Deal Announcement: Perseverance, LLC recently completed the $5,350,000 sale of the One Stop Shopping Center located at 3504-3536 NE 3rd Avenue in Camas, Washington. The One Stop Shopping Center is a single-story multi-tenant building with 38,850 SF of retail space. Built in 1959, the property rests on 2.44 acres and includes 149 parking spaces. Todd VanDomelen with Portland-based Norris & Stevens, Inc. represented both the seller, Perseverance, LLC, and the buyer, KH Properties LLC, in the transaction.

Signature Associates/TCN Worldwide in Detroit Announced the Completion of Several Recent Retail Transactions

Member Deal Announcement: Signature Associates announced the completion of several recent retail transactions consisting of approximately 60,000 square feet including the sale of two properties in Livonia, MI; 27690-27720 Joy Rd. consisting of 12,108 SF and 36534 Plymouth Rd. totaling 9,801 SF.