TCN Worldwide Deals, Industry News and Highlights
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Ben Azulay and Nathan Meisner at Bradford Allen Realty Services/TCN Worldwide in Chicago referred a tenant representation assignment to Pete Alveal at Premier Commercial Real Estate/TCN Worldwide in Indianapolis. |
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| CRE Industry News, Top Stories |
NAIOP: CRE Contributes $2.5T to US GDP in 2023
New commercial real estate development in the U.S. remains a major driver of economic activity, c producing significant contributions to the national and state economies, according to the Economic Impacts of Commercial Real Estate research study conducted annually by the NAIOP Research Foundation. The combined economic contributions of new commercial building development and the operations of existing commercial buildings in 2023 resulted in direct expenditures of $913.1 billion and contributed $2.5 trillion to U.S. GDP.
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AI Data Centers Could Help Bridge Rural America's Digital Divide
Millions of households across rural America don't have access to the high-speed internet necessary to fully participate in the modern economy, but the emergence of data center development in new areas to support artificial intelligence could play a key role in filling those gaps. |
Where to Find the Bright Side of Office
Major U.S. cities are a long way from dead—and in fact their downtown office markets present numerous opportunities. Naturally, these bright spots differ from city to city, so we’ll zero in on seven of the report’s 11 markets—Atlanta, Chicago, Dallas, Houston, Los Angeles, New York and San Francisco—to offer a glimpse into the investment opportunities each of these present.
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| TCN News, Deal Announcements & Member Highlights |
Norris & Stevens, Inc./TCN Worldwide Brokers $12.45M Investment Sale of Two Industrial Buildings in Troutdale, Oregon
LNR Holding, LLC recently completed the $12,450,000 purchase of two industrial buildings located at 3324 & 3302 NW Marine Dr in Troutdale, Oregon. The fully fenced and secured industrial buildings are approximately 37,304 and 29,808 square feet, and feature office space, mezzanines, dock and grade loading, and abundant parking. Tim Budelman with Portland-based Norris & Stevens, Inc. represented the Buyer.
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Pacific Coast Commercial/TCN Worldwide in San Diego Brokered the Sale of a Medical/Professional Building Located at 10225 Austin Drive for $5,250,000
Pacific Coast Commercial is thrilled to announce the sale of 10225 Austin Drive—a well-maintained medical/professional building constructed in 1988. This property stands not just as a home for many successful businesses, but also as a great long-term investment, having been under the meticulous care of the PCC Property Management and leasing team for over 13 years. Even with the transition to a new buyer group, we are proud to continue offering the same stellar management and leasing services that have benefited this asset. |
Forte Real Estate Partners/TCN Worldwide: "Three Tips for Non-Profit Organizations’ Real Estate Decisions in 2024"
While non-profit organizations have unique needs due to funding sources, cyclical revenue, and multiple stakeholders, much of the real estate advice is similar to the advice I give for-profit businesses.
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