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

For more than two decades Lipsey Company has set the standard for the commercial real estate industry's most recognizable brands by publishing its annual Top 25 Brand Survey. We are proud to announce that once again TCN Worldwide has been named in the top 25, moving forward two spots, in Lipsey's Top CRE Brand Survey. Thank you to everyone who voted!
 

Optimism Reigns Despite Uncertainty, Seyfarth Survey Finds

Commercial Real Estate Executive: Despite concerns about high interest rates, inflation, a recession, and a new workplace dynamic, most CRE executives are relatively optimistic about conditions and especially opportunities over the remainder of this year, law firm Seyfarth has reported, based on its eighth annual Real Estate Market Sentiment Survey.

Ross Stores to Open 100 New Stores in 2023

Chain Store Age: The off-price retailer opened 11 Ross Dress for Less stores and eight DD's Discounts locations across 13 states in February and March as it expanded into existing markets including California, Texas, and Florida. The openings are part of 100 new stores that Ross plans to open in fiscal 2023.

How to Leverage Proptech, AI to Support Commercial Leasing, Property Management

RE Business Online: As employers, landlords and commercial real estate professionals all grapple with fully remote and hybrid work routines, proptech and its application of artificial intelligence (AI) can prove to be essential tools in accelerating commercial leasing activity and supporting property management.

Starboard CRE/TCN Worldwide Announced the Sale of 345 4th Street; the Office Building in SOMA Once Entirely Leased by WeWork Sold to Taipei Economic and Cultural Office (TECO) For $52.8 Million

Member Deal Announcement: In January Starboard CRE closed 22 deals and had the best month ever in the 32-year history of their company, which included the sale of 345-4th Street in San Francisco. Brookwood Starboard CRE, a strategic real estate advisory, brokerage & development firm in San Francisco, completed the sale of the newly constructed 7-story office building located in San Francisco’s SOMA district near Moscone Center. Taipei Economic and Cultural Office (TECO) purchased the property for $52.8 million and will occupy the entire building.

Mid-Atlantic Commercial/TCN Worldwide’s Storage Acquisition Group Brokered the Closing of the Centennial American Properties Self-Storage Portfolio Totaling 441,804 Rentable Square Feet

Member Deal Announcement: The Storage Acquisition Group is pleased to announce the closing of the Centennial American Properties self-storage portfolio headquartered in Greenville, South Carolina. This portfolio consisted of six Extra Space-managed facilities and ranged in locations from Wichita, Kansas, Tulsa, Oklahoma, and Valdosta, Georgia. David Clarke, Senior Advisor at The Storage Acquisition Group, and Monty Spencer, CEO of The Storage Acquisition Group represented the buyer of this portfolio consisting of 441,804 rentable square feet and 4,033 of both climate and non-climate-controlled units across six facilities.

Moody Rambin/TCN Worldwide in Houston Brokered a ±29,300 SF Lease at Wallisville Business Park

Member Deal Announcement: Moody Rambin/TCN Worldwide arranged a ±29,300-square-foot industrial lease at Wallisville Business Park, located at 9159 Wallisville Road in Houston, Texas. The new lease will bring the property to 100% occupancy in a highly competitive market, maximizing proceeds and securing stability for the landlord. Moody Rambin’s Executive Vice President, Jim Autenreith, and Senior Associate, Sam Rayburn, represented the landlord, LSM Kingswood Estates, LLC, in lease negotiations.