|TCN Worldwide Deals, Industry News and Highlights|
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| CRE Industry News, Top Stories|
Family Offices Have Dry Powder Ready to Deploy on Real Assets
Wealth Management Real Estate: Recent surveys indicate a high demand over the next two years from family offices for illiquid assets, including real estate.
Manufacturing’s Comeback Boosts Industrial Space Demand
Commercial Real Estate Executive: For years, manufacturing companies have moved their production centers overseas to reduce labor and land costs and benefit shareholders. But the tide has shifted, and manufacturing is returning to North America on a large scale. What the rise of onshoring means for the industrial sector’s market dynamics.
Are Signature Bank’s Real Estate Loans Too “Toxic” to Attract Buyers?
Wealth Management Real Estate: During the three-year period spanning 2020 to 2022, Signature Bank issued $13.4 billion in loans on New York City buildings, according to property research company PincusCo. No other bank issued more commercial mortgages in the city.
| TCN News, Deal Announcements & Member Highlights|
Signature Associates/TCN Worldwide Celebrates A Successful 2022!
Member Announcement: In 2022, Signature completed more than 1,381 transactions totaling 32.9 million square feet and 2,114 acres with a total value of $1.8 billion. Signature held its Annual Sales Awards celebration at its Southfield headquarters. It was an extra special morning filled with Signature team spirit and camaraderie. Awards were given out to all levels of brokerage and it was another year of career bests and enhanced performances for many brokers.
Poe & Cronk/TCN Worldwide in Roanoke, VA Announces Sale of Distribution Warehouse
Member Deal Announcement: Poe & Cronk Real Estate Group is pleased to announce the sale of 1531 Shenandoah Ave in Roanoke, VA. The property boasts a range of features, including office space, storage, sales counters, display area, warehouse, and a fenced lay-down area, making it highly versatile for a variety of future uses. Its location just outside of downtown Roanoke provides easy access to major transportation routes, adding to its appeal. The buyer was represented in the sale by Thom Hubard, CCIM of Poe & Cronk Real Estate Group.
Loyda Timmins Wins 2022 “Property Manager of The Year” Award from Boma Oregon
Member Announcement: The Building Owners and Managers Association (BOMA) of Oregon has awarded Loyda Timmins of Norris & Stevens, Inc./TCN Worldwide “Property Manager of the Year” for 2022. The award was handed out as part of the organization's Night of Excellence in CRE event held at the Portland Art Museum in downtown Portland, Oregon. Loyda began her career in property management in 1994 and joined Norris & Stevens in 2002. For over 20 years, she has enjoyed working closely with her clients and establishing direct relationships with property owners.