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TCN Worldwide

TCN Worldwide 7th on NREI 2018 Top Ten Broker’s List

TCN Worldwide is honored to be named once again in the Top Ten of the National Real Estate Investor Top Brokers List for 2018; ranking 7th as one of the leading brokerage organizations in the industry.
TCN Worldwide Real Estate, a consortium of independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally. An extensive range of real estate services coupled with a personal commitment to exceed expectations is what allows TCN Worldwide to be a leader in this competitive industry.  Comprised of leading independent brokerage firms, serving more than 200 markets globally, TCN Worldwide combines an entrepreneurial approach with years of local experience.  Around the globe, across all property types and service groups, TCN Worldwide’s more than 5000 brokers and salespeople have a well-earned reputation for providing straightforward expert advice.
See the complete list here:  https://www.nreionline.com/brokerage/2018-top-brokers?full=1

 
 

Top TCN Worldwide Member Deals! (2018-Q2)

John Young, CCIM’s transaction with Warner’s Stellian made TCN Worldwide’s-Top Industrial Deals (Q2-2018).  Read more: 2018_Qtr2 Commercial Focus.  Warner’s Stellian purchased an 80,000 SF industrial building located at 2601 Broadway Street NE, Minneapolis. 
TCN Worldwide, a consortium of independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally. With approximately $58.6 billion in annual transactions, TCN Worldwide ranks as one of the largest service providers in the industry. An extensive range of real estate services coupled with a personal commitment to exceed client expectations is what allows TCN Worldwide to be a leader within the commercial real estate industry. Formed in 1989, TCN Worldwide is comprised of over 5,000 commercial real estate professionals serving more than 200 primary and secondary markets worldwide.

TCN Worldwide Among NREI 2018 Top Property Managers

NREI 2018 Top Property Managers List


TCN Worldwide is honored to be named to the National Real Estate Investor Top Property Managers List for 2018.  The ranking is based on total square footage of space managed globally.  TCN manages nearly 446 million square feet.  TCN Worldwide Real Estate, a consortium of independent commercial real estate firms which Paramount Real Estate Corp is a member, provides complete integrated real estate solutions locally and internationally. An extensive range of real estate services coupled with a personal commitment to exceed expectations is what allows TCN Worldwide to be a leader in this competitive industry. Comprised of leading independent brokerage firms, serving more than 200 markets globally, TCN Worldwide combines an entrepreneurial approach with years of local experience. Around the globe, across all property types and service groups, TCN Worldwide’s more than 5000 brokers and salespeople have a well-earned reputation for providing straightforward expert advice.

TCN Worldwide’s State of the Market: Central Edition (2017-Q3) | by Hugh F. Kelly, PhD, CRE

National and Macroeconomic Overview
Natural catastrophes, including a devastating series of hurricanes and an intense wildfire season in the Western United States, have stressed many regions of the country during the third quarter of 2017. Nevertheless, the economy has thus far held steady within the moderate bounds of growth that have typified the recovery from the Global Financial Crisis of a decade ago. Although short-term impacts of the storms and fires will make headlines, the economy is large and resilient. It should sustain momentum with year-over-year GDP growth of 2.0% – 2.5% for both the remainder of 2017 and through 2018.
Mixed signals typify the reports from key economic sectors. Consumption, which represents about 70 percent of the U.S. economy, had a second quarter uptick as it did a year ago. In 2016, second quarter personal consumption grew at an annualized rate of 3.8 percent (up from 1.8 percent in the first quarter). This year, second quarter spending hit 3.3 percent (up from first quarter’s 1.9 percent). This pattern of a weak first quarter has frequently been seen since 2010. Existing home sales are running at 5.35 million, up just 0.2% year over year, the median home price is up 5.6 percent from a year ago. An increasing trade deficit acts as a depressant on GDP growth, and while real exports have been up 1.9% (as of August), real imports expanded more quickly at 2.8 percent.
Read more: Central_2017_Q3_State_of_Market_web
Economist Hugh F. Kelly PhD, CRE, who leads TCN’s Real Estate Economic Committee, is Clinical Professor at New York University’s Schack Institute of Real Estate where he has taught for 30 years. He is widely cited in the real estate industry and is a frequent speaker around the world.

Top Brokers for 2017

Top Brokers for 2017
TCN Worldwide (TCN), has been named one of the 2017 Top Brokers by National Real Estate Investor®.   The top commercial real estate brokers are based on total global leasing and investment sales transaction volume in 2016.  TCN came in #9 on the list with $58,603,344,000.  This is the second consecutive year TCN has been on the Top Broker List.  They were ranked 8th (by Deal Volume at $58.6 Billion) in 2016.
According to David Bodamer the author of 2017 Top Brokers, “For 2017, slower growth was a theme among many firms this year. Many saw slower paces of growth than they did a year ago. Some firms even experienced year-over-year decreases in deal volume.
Overall, six firms cracked $100 billion in deals, 13 were exceeded $20 billion in volume and 18 were over $10 billion.
This version of the ranking features additional data, including breakdowns of volume by leasing and investment sales globally and in the U.S in 2016.  It also includes the number of transactions closed, the number of brokers employed and revenue figures for some firms.”
TCN Worldwide is a consortium of independent commercial real estate firms, provides complete integrated real estate solutions locally and internationally.  An extensive range of real estate services coupled with a personal commitment to exceed expectations is what allows TCN Worldwide to be a leader in this competitive industry.  Comprised of leading independent brokerage firms, serving 20 countries, more than 200 markets globally, TCN Worldwide combines an entrepreneurial approach with years of local experience.  Around the globe, across all property types and service groups, TCN Worldwide’s more than 5,000 brokers and salespeople have a well-earned reputation for providing straightforward expert advice.  Paramount Real Estate Corporation has been a member of TCN Worldwide since 2008.
For a list of the top brokers for 2017 click Here.
 
 

TCN Worldwide’s State of the Market: Central Edition (2017-Q2) | by Hugh F. Kelly, PhD, CRE

National and Macroeconomic Overview

There is no more recurrent question posed in real estate analysis than, “Where are we in the cycle?” The mood amongst economic forecasters can best be described as “benign.” While there is a general consensus that the present expansion is getting long in the tooth, at 96 months and counting, most (correctly) assert that business cycles do not die of old age. For the record, this is already the third longest upcycle since 1850. But it is also the weakest since World War II. The upcycle of the 1990s reached 120 months, but averaged 3.6% annual real GDP growth over that decade. The recovery since the Global Financial Crisis has averaged a bit under 2.1% annually. Given slower labor force growth (even absent a lower participation rate) and decelerating productivity improvements, the baseline growth in the years ahead appears to be in the 1.7% – 1.9% range. Expectations of a return to the growth of the 1990s simply cannot be justified in the numbers.
Some comfort is being taken by the absence of typical signs of economic overheating that often precede recessions. Inflation remains quiescent, with low energy prices driving prices at the gas pump down to near $2.00 per gallon during the peak summer travel season. The Federal Reserve has been gradually raising its benchmark rates, but is being careful to avoid squeezing economic growth in the process. The “Trump Bump” in stock prices has shown staying power on Wall Street, but as the year advances it becomes clearer that the agenda of tax reform, infrastructure spending, Dodd-Frank rollback, and entitlement reduction will not be accomplished in 2017. Hence, there is probably greater fragility in the economy than the consensus acknowledges and risk is present from either domestic disappointments or international disruption.
Read more: Central_2017_Q2_State_of_Market_web
Economist Hugh F. Kelly PhD, CRE, who leads TCN’s Real Estate Economic Committee, is Clinical Professor at New York University’s Schack Institute of Real Estate where he has taught for 30 years. He is widely cited in the real estate industry and is a frequent speaker around the world.

FOR LEASE – LONE OAK BUSINESS CENTER II


FOR LEASE
LONE OAK BUSINESS CENTER II
1060 Lone Oak Road | Eagan, MN

Property Highlights:

Two (2) office/ warehouse spaces located in Eagan are available For Lease immediately

Option #1: 3,410 SF office + 9,133 SF warehouse = 12,543 SF total
Option #2: 7,605 SF office + 10,256 SF warehouse = 17,861 SF total

Located just off Lone Oak Road and Neil Armstrong Road, with easy access to I-35E, I-494 and Hwy 55
Close proximity to downtown Saint Paul and MSP International Airport
Docks & drive-in doors available

Option #1: four (4) docks; one (1) drive-in door
Option #2: two (2) docks; one (1) drive-in door

16’ clear height

CONTACT:

Phil Simonet | (952) 854-8381 | psimonet@paramountre.com
John Young, CCIM | (952) 854-5067 | jyoung@paramountre.com

TCN Worldwide State of the Market – Central Edition (2017-Q1) | by Hugh F. Kelly, PhD, CRE

Central Region Economic Conditions
Temptation for economists, leading to forecasting out of the rear view mirror. Stresses over the past several years in key industry sectors
in the Central states have meant an unaccustomed slowdown of growth in many key states. But this now appears to be changing as the forces
shaping manufacturing, agriculture, and energy either find their bottoms or begin to accelerate from a period of sluggishness.
The precipitous drop in energy prices, for instance, seems to have run its course. For the past year, crude oil prices have settled into a narrow range close to $50 per barrel. Expectations that economic growth will spur demand is encouraging an increase in rig counts in the Permian Basin and increasing exploration in the Bakken region further north. The multiplier effects of renewed energy industry growth are positive for the Central states as a whole. The year is beginning with fairly positive conditions for the Breadbasket, with strong prices for a variety of agricultural products, including soybeans, cattle, hogs, and winter wheat.
Read more: Central_2017_Q1_State_of_Market_web
Economist Hugh F. Kelly PhD, CRE, who leads TCN’s Real Estate Economic Committee, is Clinical Professor at New York University’s Schack Institute of Real Estate where he has taught for 30 years. He is widely cited in the real estate industry and is a frequent speaker around the world.

TCN Worldwide Ranks in Top 10 Brokerage Firms | by H. Ross Ford III

TCN Worldwide Ranks in Top 10 Brokerage Firms in NREI’s 2016 Top Brokers Survey
Commercial real estate brokerage firms posted another strong year, growing both leasing and investment sales volumes, according to data provided to National Real Estate Investor as part of their annual ranking of top commercial real estate brokers.
We are pleased to announce TCN Worldwide was recognized as one of the industry’s top brokerages, ranking 8th (by Deal Volume at $58.6 Billion), in National Real Estate Investor’s 2016 Top Brokers Survey.
The top commercial real estate brokerage firms posted robust year-over-year gains in deal volumes in 2015. National Real Estate Investor reported that the firms that ranked in the top 20 in each of the past two years posted average transaction volume growth of 15.0 percent from 2014 to 2015.
The NREI ranking reaffirms TCN Worldwide’s position as an industry leader, and one of the top brokerages in the commercial real estate industry.
See TCN’s Top 10 Member Deals for 3rd Quarter 2016.
Read more: TCN Worldwide’s Commercial Focus Newsletter | 2016_Q3
—H. Ross Ford III
President & CEO, TCN Worldwide

TCN 2016 Fall Conference Wrap Up

Paramount Brokers Attend TCN Conference in New Orleans
Three Paramount brokers attended the TCN 2016 Fall Conference in New Orleans in September.  Fred Hedberg, John Young and Jeffrey Swanson were among the attendees.
This year’s Fall Conference offered a full lineup of educational and motivational career building sessions. Attendees were entertained in fashionable New Orleans style as they reconnected with TCN friends and made new ones!
The agenda included a variety of outside educational speakers, panel discussions and interactive networking sessions that were designed not only to help build TCN connections, but also motivate and strengthen industry knowledge.
While there were many, one of the highlights of this year’s Fall Conference was a presentation from keynote speaker, Mike Dunleavy, Sr., Head Coach, Tulane Green Wave Men’s Basketball Team. As part of his participation at this year’s Fall Conference, TCN Worldwide was able to auction off several official ‘Dunleavy signed’ basketballs within its charity fund-raising efforts to help those impacted by the recent flooding in southern Louisiana.
Across the region, more than 60,000 homes have been destroyed.  St. Bernard Project, a nationally-recognized disaster recovery nonprofit that is based out of New Orleans, will be leading recovery and rebuilding efforts across South Louisiana. Thank you to all who participated in our fund-raising efforts!  TCN Worldwide is proud to support St. Bernard Project and will be making an additional donation on behalf of the speakers at this year’s Fall Conference.  All donations from this year’s event will directly fund the rebuilding of homes for those displaced by the historic August flooding of 2016.
By:  Claudia Crow-Director of Marketing & Brand Strategy | TCN Worldwide