Commercial Real Estate Direct

MF1 Capital, best known as a provider of bridge financing against apartment properties, is tapping the CMBS market with a $734.22 million conduit-like transaction backed by fixed-rate loans against apartment properties.

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Charlotte Business Journal InvenTrust Properties Corp. has paid $16.6 million, or $564.36/sf, for the 29,414‑square‑foot retail center at 3609 South Blvd. in Charlotte, N.C. The Downers Grove, Ill., REIT purchased the property from an affiliate of Cedar Square, a Charlotte company formerly known as Ascent Real Estate Capital. CBRE brokered the deal. The property sits […]

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South Florida Business Journal Publix Super Markets Inc. has paid $78 million, or $436.42/sf, for the 178,726‑square‑foot Fountains of Boynton Shopping Center in Boynton Beach, Fla. The Lakeland, Fla., grocery store chain acquired the retail property from a venture of Boulder Group of Miami and Union Investment Real Estate of Germany, which had bought it […]

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Commercial Real Estate Direct Staff Report The Roostaeian family office has lined up $65 million of mortgage financing from Bank of America against nine of its apartment properties with 200 units in Los Angeles. The family, led by Linda and Dr. Jason Roostaeian, a Los Angeles-area cosmetic and reconstructive surgeon, owns a number of apartment […]

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Principal Financial Group has paid $80.63 million, or $210.51/sf, for the 383,000-square-foot Capital Marketplace retail property in Raleigh, N.C. The Des Moines, Iowa, company purchased the property from Finmarc Management Inc., which purchased it in 2021 for $58 million. The latest deal was arranged by CBRE, which also had arranged Finmarc’s purchase five years ago. […]

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