TCN Worldwide Deals, Industry News and Highlights
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| Transformative Impact of TCN Worldwide Membership |
Eric Odum, Managing Broker of Florida ROI Commercial Property Brokerage in Tampa, Florida, shares the transformative impact of TCN Worldwide membership over the past five years. Joining TCN Worldwide in 2019, Florida ROI goes beyond mere brokerage, their role encompasses property management and tenant occupier services. Eric emphasizes TCN Worldwide's Annual Conferences as playing a pivotal role in building vital connections with like-minded peers navigating similar challenges. These gatherings serve as catalysts for collaborative problem-solving, as evidenced by Eric's own experience implementing innovative solutions recommended by fellow TCN members. Eric underscores the invaluable growth and connectivity TCN has fostered and encourages everyone to attend this year's TCN Worldwide Fall Conference in Calgary, being held Sept. 22-25, 2024. We look forward to seeing the TCN Worldwide community in Calgary this fall! If you’re interested in learning more about TCN Worldwide, or potentially attending one of our events, please contact us at info@tcnworldwide.com. |
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| CRE Industry News, Top Stories |
Landmark NAR Settlement Could Impact A Handful Of CRE Deals, But For Most, It's 'Business As Usual'
Fallout from the National Association of Realtors' settlement of a $418M antitrust lawsuit earlier this month is set to profoundly shake up the residential real estate industry and how it does business. But commercial brokers, attorneys and policy watchers are greeting what amounts to potentially earth-shattering changes in commission structure on the residential side with a general shrug of the shoulders. On CRE's side is the fact that “there’s no industry standard”. |
CRE Prices Post Slowest Annual Decline in More Than a Year
MSCI Real Assets said the RCA CPPI National All-Property Index fell in February, declining 4.0% since February of 2023. Although this represents the slowest pace of annual decline the index has posted since the end of 2022, the pace of decline in monthly returns has been accelerating. The index fell 0.3% in February from January. |
Where Innovation Drives CRE Demand
Driven by nearly $49 billion in funding for new technologies like generative AI over the past three years, the San Francisco Bay Area maintains its rank as the top city across the globe for both innovation and talent.
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| TCN News, Deal Announcements & Member Highlights |
Forte Real Estate Partners/TCN Worldwide in Minneapolis-St. Paul Represents Bradshaw & Bryant in 10-year Golden Hills Lease
Katie Trevena, senior vice president, Real Estate Advisory – Forte Real Estate Partners, worked with Bradshaw & Bryant, a 15-person law firm, to identify and secure a new 10-year lease on the 5th floor of Golden Hills Office Center, Golden Valley, in less than 3 months.
“Given the time constraints based on our unique situation, we greatly relied on the Forte Real Estate Partners team to navigate us through site selection, lease negotiations and assisted throughout the construction and relocation process. Forte showed extreme professionalism and reliability,” said Mike Bryant-Bradshaw & Bryant. |
LevRose Commercial Real Estate/TCN Worldwide in Scottsdale Earns Prestigious Spot in AZ Big Media’s Ranking Arizona 2024 Edition
LevRose Commercial Real Estate proudly announces its inclusion in AZ Big Media's esteemed 2024 edition of Ranking Arizona, The Best of Arizona Businesses. Earning a spot among the top 10 for Medical, Multi-Family, and Retail brokerage firms is a testament to LevRose Commercial Real Estate's dedication to delivering exceptional results for its clients across diverse sectors. Additionally, the company secured a coveted place among the top overall firms with 28 brokers or more. |
MS&C Commercial/TCN Worldwide in Sarasota Recognizes Its Top-Performing Commercial Real Estate Advisors of 2023
MS&C Commercial is proud to recognize its top-performing commercial advisors for their outstanding accomplishments throughout 2023. Their pursuit of excellence, dedication to their customers, and reputation as trusted guides to a complex market enable them to consistently deliver exceptional results. We commend their years of experience and their ongoing contributions to the communities they serve. |
Hanna Commercial/TCN Worldwide in Pittsburgh Released Its Q4 2023 Industrial Market Report
Though Pittsburgh’s Industrial real estate market remained stable throughout 2023, there are indicators that 2024 could bring some slight softening in vacancies, rents, and investment levels. While a cooling at the national level will impact demand in Pittsburgh, its effects are unlikely to be significant. Because Pittsburgh is not a distribution hub, construction has always been constrained and there is little risk of over-saturation. The market’s net absorption of industrial space was a robust 1.7 million SF in 2023, and local vacancies hovered around 5.5% throughout the entirety of the year. |
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