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Blackstone Acquires Texas Industrial Portfolio for $718 Million

Blackstone Acquires Texas Industrial Portfolio for $718 Million

by Phil Hall | Apr 10, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Blackstone (NYSE: BX) has acquired a 95% stake in an industrial portfolio developed by Crow Holdings for $718 million. Crow Holdings and its partners will retain 5% ownership. The portfolio consists of 25 Class A buildings totaling 6 million square feet and is...
Fidelity Investments to Sublease Boston HQ Ahead of Relocation

Fidelity Investments to Sublease Boston HQ Ahead of Relocation

by Phil Hall | Apr 10, 2025 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Fidelity Investments has put its 803,000-square-foot Boston headquarters on the market for sublease as it prepares to move into a smaller space elsewhere in the city. Bisnow.com, citing an unnamed “source close to the building,” reports the financial services company...
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...
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