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Turnbridge Equities Acquires LA Industrial Park for $28 Million

Turnbridge Equities Acquires LA Industrial Park for $28 Million

by Phil Hall | Apr 9, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Turnbridge Equities, a New York City-based real estate investment and development firm, has acquired Eton Industrial Park, a 205,000-square-foot multi-tenant industrial park located in the Canoga Park neighborhood of Los Angeles, for $28 million. The property is...
Newmark Promotes Lou Alvarado to Chief Operating Officer

Newmark Promotes Lou Alvarado to Chief Operating Officer

by Phil Hall | Apr 9, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Newmark Group Inc. (NASDAQ: NMRK) has promoted Lou Alvarado to the newly created chief operating officer position. In this new role, Alvarado will be responsible for strengthening the company’s productivity and the sustainable expansion of business lines, including...
Sterling Organization Acquires Bay Area Shopping Center for $61.1 Million

Sterling Organization Acquires Bay Area Shopping Center for $61.1 Million

by Phil Hall | Apr 8, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Sterling Organization, a private equity retail real estate investment firm based in West Palm Beach, Florida, has acquired Rossmoor Shopping Center, a 118,846-square-foot shopping center in Walnut Creek, California, for $61.1 million. Located in the San Francisco Bay...
Port of Seattle Files Appeal to Prevent Residential Development in Industrial District

Port of Seattle Files Appeal to Prevent Residential Development in Industrial District

by Phil Hall | Apr 8, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Port of Seattle has filed an appeal in King County Superior Court to overturn the Seattle City Council’s decision to permit residential development in the industrial area surrounding the deepwater port. In a statement, the Port said the rezoning “appears that...
A Phil Hall Op-Ed: Are GNC Stores Giving Servicemember Data to the Chinese Government?

A Phil Hall Op-Ed: Are GNC Stores Giving Servicemember Data to the Chinese Government?

by Phil Hall | Apr 7, 2025 | A Phil Hall Op-Ed, Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

A Phil Hall Op-Ed: Earlier today, I was scrolling through X and stumbled upon a video posted by Rep. Pat Harrigan (R-NC), a freshman member of Congress, that was taken at Fort Bragg, the military base in North Carolina. “We found out that GNC is wholly owned by the...
Father-Son Duo Indicted for Fraud in Bond Offerings Tied to Sports Complex

Father-Son Duo Indicted for Fraud in Bond Offerings Tied to Sports Complex

by Phil Hall | Apr 7, 2025 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

A father and son team were indicted for their roles in a scheme to defraud investors of more than $280 million in two municipal bond offerings tied to the construction of the 320-acre Legacy Park sports complex in Mesa, Arizona. Randy Miller is the former chairman and...
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