Upbeat Commercial Real Estate Convention Suggests Better Days

At the national TCN Worldwide convention in Miami last week, commercial real estate companies from around the world gathered to network, party and learn. Over 50 firms were represented.

Mark Goloven, an economist with JP Morgan Chase, provided an entertaining, upbeat analysis of the current economy. With the economy growth over 4%, Goloven predicted that employers would start hiring new employees by the first quarter of next year, thereby jumpstarting a recovery in the office leasing market.

Goloven fielded questions about firms that are leaving the United States to find cheaper labor costs. He surmised that the exodus could hurt the short-term employment rate, but that the United States gains four dollars for every dollar lost in sales to third world countries. This increases the job base and provides more employees with money to spend on goods.

TCN Worldwide, currently ranked the 8th largest real estate organization in the United States, announced the addition of ten new firms to their network. This was the largest gain in new members in the organization’s history.

The Western Region has added several new members: Beitler Commercial Real Estate in Los Angeles, Landmark in Phoenix, and Albright Callister & Associates in Las Vegas. Barry Beitler is one of the original founders of GVA Worldwide. He is an experienced participant in both regional and national representation of commercial real estate clients.