|TCN Worldwide Deals, Industry News and Highlights|
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| TCN Assignments|
Craig Hansson at Starboard Commercial Real Estate/TCN Worldwide in San Fransisco referred a retail assignment to Mark Cassell and Matt Beeks at Levrose Commercial Real Estate/TCN Worldwide in Scottsdale.
| CRE Industry News, Top Stories|
Tenacious U.S. Inflation Reaches Past Housing and Proves Hard to Tame
Wealth Management Real Estate: Underlying consumer-price growth accelerated in February, with Americans continuing to experience the sting of rising rents and sticky prices for services. Over the past year, a key housing category — which includes everything from actual rents to what a homeowner would charge in rent to hotel stays — climbed a record 8.2%.
The Return of the Downtown Office Worker
Chain Store Age: While more than half of America’s workforce continues to ply their trades at home for at least part of the week, Monday-through-Friday traffic counts in U.S. downtowns in February indicate that their office time is on the rise.
Why 2023 Might Be an Ideal Time to Consider This Untapped CRE Opportunity: Farmland
Commercial Property Executive: For CRE investors looking to diversify their portfolios further into the real estate market, there’s one untapped and newly accessible opportunity you might be unfamiliar with: farmland. Ending 2022 with net positive returns of nearly 10%, farmland outpaced many major asset classes.
| TCN News, Deal Announcements & Member Highlights|
Mark Cassell Named Partner at LevRose Commercial Real Estate/TCN Worldwide in Scottsdale
Member Announcement: Cassell, whose specialties include industrial properties and investment real estate joined LevRose in 2015 as a broker intern. He is the first individual to have started at LevRose as an Intern to make Partner. Congratulations, Mark!
Norris & Stevens, Inc./TCN Worldwide in Portland Brokered $1.4M Warehouse Lease in North Plains, Oregon
Member Deal Announcement: Sunbelt Rentals, Inc. recently completed the $1,401,588 lease of the North Plains Warehouse located at 10680 NW 289th Place in North Plains, Oregon. Recently constructed in 2023, the approximately 13,264-square-foot industrial warehouse is situated on 2 acres of land. Nick Chessar and Scott Finney, SIOR with Portland-based Norris & Stevens, Inc. represented the Tenant.
Signature Associates/TCN Worldwide's Jeffrey Trepeck Appointed The 2023 President of The Commercial Board Of Realtors (CBOR)
Member Announcement: Signature Associates is proud to announce that their very own, Jeffrey Trepeck, has been appointed the 2023 President of the Commercial Board of Realtors (CBOR)! The Commercial Board of REALTORS® is the commercial overlay board that provides leadership, services, education, and professional standards to commercial real estate practitioners in Michigan. Membership is comprised from all regions within the State of Michigan.