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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...
New Task Force to Investigate Potential Fraud in Addressing LA-Area Homelessness

New Task Force to Investigate Potential Fraud in Addressing LA-Area Homelessness

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

US Attorney Bill Essayli has launched the Homelessness Fraud and Corruption Task Force to investigate fraud, waste, abuse, and corruption involving funds allocated for addressing homelessness in the seven counties within the jurisdiction of the Central District of...
Buffalo Homeowners Face Prospect of 8% Property Tax Hike

Buffalo Homeowners Face Prospect of 8% Property Tax Hike

by Phil Hall | Apr 9, 2025 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners in Buffalo, New York, face the prospect of an 8% increase in their property tax under the $622 million budget proposed by Acting Mayor Chris Scanlon. WBEN reports Scanlon is proposing the tax hike to fill a $17 million mid-year budget fall that he inherited...
Los Angeles Developer Creates Scholarship for Aspiring Real Estate Professionals

Los Angeles Developer Creates Scholarship for Aspiring Real Estate Professionals

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

Real estate developer Arman Gabaee, co-managing partner at the Charles Company, has established the Arman Gabaee Scholarship for Real Estate. The new $1,000 award is open to all undergraduate students currently enrolled in accredited colleges or universities, and...
Over 100 Fannie Mae Workers Fired Over ‘Unethical Conduct’

Over 100 Fannie Mae Workers Fired Over ‘Unethical Conduct’

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

The Federal Housing Finance Agency (FHFA) announced the firing of more than 100 Fannie Mae (OTCQB: FNMA), citing unspecified “unethical conduct.” In a statement, FHFA Director and Fannie Mae Chairman Bill Pulte declared the firings have occurred since he was sworn...
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