Lineage sues Altus Power and CBRE's Pearce Services over Boyle Heights fire

Regulation
โดย Seeking Alpha·US·Read original
Summary · why it matters

Lineage has filed a civil lawsuit in Los Angeles against Altus Power and CBRE subsidiary Pearce Services over negligence in a fire incident. The industrial REIT alleged that negligence by the two companies caused a fire on June 17 that destroyed Lineage's 500K sq. ft. cold storage facility in Boyle Heights. "This lawsuit is about Altus and Pearce starting this fire and then being nowhere to be found when the community needed help," said Lineage CEO Greg Lehmkuhl. The lawsuit stated, "This was a solar fire, not a warehouse fire." Altus Power, a commercial solar operator, was acquired by TPG through its TPG Rise Climate Transition Infrastructure strategy last year.

Impact on stocks 3

Real Estate▼ · 2 stocks
Lineage, Inc. Common Stock
LINE
▼ NegativeRegulationrelevance

Lineage is the plaintiff suing Altus Power and Pearce Services over the fire that destroyed its 500K sq. ft. Boyle Heights cold storage facility.

CBRE Group Inc Class A
CBRE
▼ NegativeRegulationrelevance

CBRE subsidiary Pearce Services is named as a defendant in Lineage's negligence lawsuit over the Boyle Heights fire.

Financials▲ · 1 stocks

Off-coverage companies 1

Altus Power, Inc.Private▼ Negative
Regulationrelevance

Altus Power is a defendant accused of negligence causing the solar fire that destroyed Lineage's facility.

© 2026 MarketDXNews