TCN netWORKING:  TCN Worldwide Deals, Industry News and Weekly Highlights

Brett Heimes, Director of Retail Leasing at DP Management/TCN Worldwide, shared his knowledge with Commercial Property Executive and how he has persevered and closed deals, even through the COVID pandemic! Read the complete article here!

Is the Retail Reckoning for Regional Malls at an End?

Wealth Management Real Estate: After a turbulent decade, the U.S. mall industry seems to have come out of the pandemic in decently good health.

Coworking Franchise Eyes Expanded Footprint

Commercial Real Estate Executive: Driven by strong demand for coworking spaces, Colorado-based Office Evolution announced it is opening new locations in Michigan and Florida while franchisees in the Chicago and San Antonio, Texas, areas are increasing capacity at their locations.

Black Friday Retail May Never Return To ‘Former Glory’ As Online Sales Best Brick-And-Mortar For Another Year

Bisnow: Reports from several organizations tracking shopping activity show that while in-person retail outlets tripled their average daily traffic during the annual pre-holiday shop-a-thon, that trailed expectations. However, retailers racked up $9.12B on Black Friday online sales, according to Adobe Analytics — a 2.3% increase over 2021.
 

Norris & Stevens, Inc./TCN Worldwide in Portland Brokers $6M Retail Sale in Albany, Oregon

Member Deal Announcement: Perseverance, L.L.C. recently completed the $6,000,000 purchase of the Heritage Mall out parcel located at 1811 14th Avenue SE in Albany, Oregon. This 20,074 SF retail building is part of the Heritage Mall in the heart of downtown Albany. Todd VanDomelen with Portland-based Norris & Stevens, Inc. represented the buyer, in the transaction.

Moody Rambin/TCN Worldwide in Houston Represented the Tenant, Thompson Engineering, Inc., to Complete a 5,750 SF Industrial Lease

Member Deal Announcement: Thompson Engineering, Inc. leased 5,750 square feet at the 10665 Richmond building, located at 10665 Richmond Avenue – Building 5, Houston, Texas. Al Gabosch with Moody Rambin represented the tenant in negotiations.

Starboard CRE/TCN Worldwide Client Success Story: Bay Area Pipe & Equipment

Member Announcement: Bay Area Pipe & Equipment was in a holdover warehouse space in an area that had future plans of being developed. They needed to find a new warehouse within a few months for a competitive rate in a very tight industrial market.