Real Estate Rumors: Barbanel, Pearlstone, Prestige

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By Andrew McIntyre (September 10, 2021, 5:56 PM EDT) — An entity managed by investor Lewis Barbanel has purchased a retail center in Boynton Beach, Florida, for $16.5 million, the South Florida Business Journal reported on Friday. The deal is for 1005 W. Gateway Blvd., a 95,499-square-foot center, and the seller is an entity managed by investor Fiorenzo Bresolin, according to the report.

Knighthead Funding has loaned $59.5 million to a venture of Pearlstone Partners and New York-based real estate firm ATCO for a project in Austin, Texas, Commercial Observer reported on Friday. The loan is for 1808 Aldrich St., where the companies are planning to build a mix of market-rate…

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