TCN Worldwide Deals, Industry News and Weekly Highlights
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| Year-End Economic Review & Outlook |
| Join us for an important webinar hosted by TCN Worldwide. Hear from Lawrence Yun, Chief Economist for the National Association of Realtors®, as he guides us through the current economic landscape and its impact on Commercial Real Estate (CRE). Discover key insights into the future and what to expect in 2024. Topics include GDP, jobs situation, inflation trends, Fed policy, and much more! Don't miss out on this opportunity to gain valuable knowledge and stay ahead in the CRE market. Register now and receive a confirmation email with all the details. |
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| CRE Industry News, Top Stories |
Don’t Get Left Behind: Now is the Time to Invest in Multifamily
Wealth Management Real Estate: Multifamily has maintained its status as the best-performing and most resilient asset class through economic cycles. |
Why Net Lease Cap Rates Continue Rising
Commercial Property Executive: Cap rates in the single-tenant net lease sector increased for the sixth consecutive quarter within all three sectors in the third quarter of 2023 to 6.51 percent. |
Why Self-Storage Demand Is Often Recession-Resistant
Nareit: While the designs of self-storage facilities have evolved dramatically over the decades—from glorified garages to multi-story, tech-enabled facilities—the functionality and use of storage space has changed little over time. Having drivers in both “good” and “bad” economic times, self-storage demand is often viewed as being recession-resistant.
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| TCN News, Deal Announcements & Member Highlights |
Pacific Coast Commercial/TCN Worldwide in San Diego Brokered a 37,026 SF Industrial Property in Santee for $2,147,500
Member Deal Announcement: Pacific Coast Commercial is pleased to announce the successful sale of an industrial property located at 10445 Prospect Avenue, Santee, CA 92071. This transaction marks a significant milestone in the local real estate market, showcasing the potential and allure of yard space in Santee. Spanning 37,026 square feet, this property includes a 1,600 square foot office building and a 1,600 square foot covered area, making it an ideal choice for a contractor's facility yard. The property's versatile layout and ample space set the stage for a multitude of business endeavors. Nick Mane and Ken Robak of Pacific Coast Commercial represented the Seller.
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Landmark Commercial Realty/TCN Worldwide in Harrisburg Announced Recent Transactions
Member Deal Announcement: Tilson Technology Management, Inc. signed a long-term lease renewal for their 8,120 SF industrial space located at 381 Independence Ave, Mechanicsburg, PA. Jason Grace, CCIM, SIOR, and C.E.O. & Managing Principal represented the landlord, 381 Independence Ave, LLC. |
WestMark Commercial/TCN Worldwide in Lubbock, TX Completed an Industrial Lease at 621 Winfield Avenue
Member Deal Announcement: Congratulations to Karen Higgins, Alison Blalock, CCIM and Kelsey Zickefoose, MBA for their new lease on 6621 Winfield Avenue! This property was a new construction office warehouse built by Campbell Steel Buildings.
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