The Bascom Group, LLC has retained Noel Aguirre and Sean Lieppman of Lee & Associates to market and lease a 4,100-square-foot ground-floor space at 200 Pine Ave. in Long Beach. Located in the city’s downtown area, the space features an adjoining 3,865-square-foot lower-level space.

The space, which offers patio capability, is second-generation restaurant space suitable for a full-service restaurant concept in the downtown Long Beach market, according to The Bascom Group. The location has dedicated on-site retail and restaurant parking and is at the base of a six-story, 65,909-square-foot office building renovated in 2022.

David Kim, Managing Partner at The Bascom Group, said, “200 Pine is in the heart of the Pine Avenue entertainment district, with numerous retailers and restaurants, such as Altar Society Brewing Company. This building is within two blocks of City Hall, Billie Jean King Public Library, George Deukmejian County Court House, the State Building, and the newly expanded Long Beach Convention & Entertainment Center.”

Cushman & Wakefield said Wednesday it had appointed Robert Thornburgh, SIOR, CCIM, FRICS as regional president of the Southwest Region, including Southern California, Nevada, Phoenix, Colorado, Utah and Idaho. Based in Los Angeles, Thornburgh will oversee Cushman & Wakefield’s strategic growth of the Southwest, including client service delivery, talent development and recruiting, while developing strong partnerships across the firm’s service lines.

Thornburgh reports to Victoria Malkin, president, Americas Markets for Cushman & Wakefield. “We are thrilled to welcome Robert to Cushman & Wakefield as he takes on this important leadership role,” said Malkin. “His significant experience and expertise of brokerage operations and the fundamentals of our industry combined with his service-oriented approach to clients will help propel our business forward, in the Southwest and across the Americas.”

Before joining Cushman & Wakefield, Thornburgh served as the chief executive of Society of Industrial and Office Realtors (SIOR), the world’s premier organization for industrial and office brokers with more than 4,000 members. While at the helm of SIOR, Thornburgh developed a strategic plan that improved member retention, increased membership and elevated brand recognition throughout the industry. 

“I look forward to this incredible opportunity to lead and further strengthen our deep client relationships throughout the Southwest region, helping investors and occupiers source opportunities in both established and emerging markets,” said Thornburgh. “I am also excited to work more closely and collaborate with Cushman & Wakefield’s highly respected roster of professionals in the Southwest and beyond.”

Wellstone Health System has brought in The Integral Group to spearhead the effort to redevelop the shuttered Atlanta Medical Center. Construction will begin in the next few weeks.

The 22-acre campus vision includes a mixed-use neighborhood with affordable housing, residential properties, community and public green space, neighborhood-level retail, new street access, commercial uses, and health and well-being resources.

Over the next few weeks, Integral will develop an implementation plan and engage with neighbors and community stakeholders to gather further feedback. The revitalization effort will take place in phases over several years, with community input at every stage. In response to the neighborhood’s desire to see progress quickly, Integral expects to apply for permits soon with the goal of beginning the demolition of certain aging structures in the first quarter of 2025.

Wellstar closed Atlanta Medical Center in November 2022. Wellstar blamed the closure on falling revenue and increasing costs for staff and supplies.

VanTrust Real Estate, LLC is set to begin construction on a build-to-suit facility for Sephora.

The 746,672-square-foot structure will be located on 61 acres at Avon Landings Commerce Park in Avon, Indiana, and will serve as Sephora’s Midwest distribution center. The targeted completion date is the summer of 2025. This is VanTrust’s second project with Sephora, with the first facility completed in Las Vegas.

CBRE’s Toby Mink and Andrew Morris represented Sephora. The general contractor for the project is Pepper Construction, MacGregor Architects is the architect, and American Structurepoint as the civil engineer.

“Avon Landings is a 119-acre master-planned park with a prime location, near Indianapolis, a dynamic market we continue to invest in,” said Phil Rasey, vice president of development at VanTrust. “We are pleased that Sephora, one of the best-known retail brands in the world, has chosen to locate its distribution center here.”

Sterling Bay has listed a trio of properties near the stalled Lincoln Yards $6 billion megaproject site. The firm is selling the properties to pay off debt amid the firm’s search for a new financial partner for the 53-acre mixed-use development.

Sterling Bay has hired CBRE to market the three parcels at 1907 North Mendell Street, 1901 North Elston Street, and 1500 West Cortland Avenue, reported Crain’s. Sterling Bay has faced mounting financial pressure as it deals with the imminent need to pay off debt amid the search for a new financial partner.

Last year, the firm sold an industrial property near the Lincoln Yards site, a joint venture of Farpoint Development and Langdon Partners. The ambitious Lincoln Yards project was aimed to breathe fresh life into a former industrial site in Chicago’s North Side, with improved infrastructure and transportation, new businesses and residences, along with parks and open spaces.

Courtesy of Sean Moynihan

Newmark Executive Vice President Sean Moynihan, right, with his wife, Angela, and son Jack.

A youth soccer coach-turned-office leasing agent is now the newly minted head of brokerage for Newmark’s Southeast region.

Sean Moynihan has been named the regional managing director and Southeast market leader for the publicly traded brokerage firm, overseeing Newmark’s offices in Atlanta, Memphis, Nashville, Raleigh, Charlotte, Tampa, Orlando, Boca Raton, Miami and Jacksonville. It’s a position that has Moynihan supporting brokers’ efforts to drum up new business as commercial real estate activity increases throughout the Southeast.

“Sean has become an influential part of our organization, helping to lead Newmark’s growth in the Atlanta market and the surrounding region,” Newmark Chief Revenue Officer Lou Alvarado said in a press release.

Moynihan joined Newmark in 2003 after a career as a youth soccer coach in Buckhead and steadily rose to become executive vice president, being named head of the Atlanta office in 2019.

As the leader in one of the country’s hottest office markets, Moynihan’s role has been focused on supporting the brokerage team rather than pursuing real estate deals himself, Moynihan told Bisnow in an interview Wednesday. That role will continue but on a wider geographic scale.

“That’s the beauty of what this is,” Moynihan said. “I’m a true coach. It’s not a player/coach model.”

Moynihan said activity throughout the Southeast has been on the rise, especially in Atlanta where multifamily and industrial are hot; in Boca Raton, which has been an active office market; in Nashville; and in Raleigh, which has seen a burst of life sciences demand. The Southeast doesn’t look to slow down as more companies look to relocate to follow the growing population.

“It’s the Sun Belt, right? The cost and quality of living in the Southeast are very strong and attractive to people,” he said. “I think that’s what’s driving commercial real estate activity.”