Property Type

Why Seniors Housing Acquisitions Activity Could Thrive in 2025

by Taylor Williams February 18, 2025

By Hayden Spiess To say that the seniors housing sector has encountered strong headwinds over the past few years would be an understatement. The property sector was uniquely impacted by the COVID-19 pandemic. It scarcely had a chance to recover and enjoy rebounding occupancy before being faced with the reality of heightened interest rates. Amid all the challenges, industry professionals adopted a motivational yet pragmatic mantra and strategy: “Stay Alive Until ’25.” Now that 2025 has arrived, the sentiment among seniors housing investors is one of growing optimism. Brokers and investors alike say that more favorable conditions are leading to an uptick in transaction activity, even as some debt difficulties linger. Azhar Jameeli, managing director of investments at IRA Capital and head of the firm’s seniors housing segment, is particularly bullish on the current prospects for the sector. “I don’t think that the opportunity has ever been better than what it is today,” asserts Jameeli, who has multiple decades of experience in seniors housing and cites the supply-demand balance as one of the main sources of his confidence. Data from MSCI supports this optimism. U.S. property and portfolio sales totaled $13.2 billion in 2024, up from $10.9 billion the prior …

February 18, 2025

Development Mixed-Use Texas

Centennial Unveils New Plans for Mixed-Use Redevelopment of Plano Mall

by Taylor Williams February 17, 2025

PLANO, TEXAS — Dallas-based Centennial has unveiled new and revised redevelopment plans for The Shops at Willow Bend, a 1.4 million-square-foot regional mall in Plano, to include townhomes-style attached residences and detached single-family homes. Centennial, which initially acquired the property in 2022 in partnership with Cawley Partners, had previously unveiled plans to convert the enclosed center to a mixed-use property called The Bend. Centennial’s late-2024 acquisition of the Macy’s building at the center — following the retailer’s announcement that the store would be closing — has enabled the inclusion of additional uses, according to the company. Under the plans, a portion of the enclosed mall’s footprint will be demolished to make room for multifamily housing options, a hotel, neighborhood dog park and green spaces for community activities. The Bend will also continue to offer residents and visitors a mix of retail, dining, fitness, and entertainment options. The Plano City Council must still approve the project, although the Plano Planning & Zoning Committee has already signed off on the updated plans. Construction is expected to begin later this year pending city council approval.

February 17, 2025

Loans Office Texas

ARZ Realty Capital Arranges Refinancing of Two Dallas-Area Office Buildings Totaling 400,000 SF

by Taylor Williams February 17, 2025

FARMERS BRANCH AND DALLAS — Locally based financial intermediary ARZ Realty Capital has arranged the refinancing of two office buildings totaling roughly 400,000 square feet in the northern Dallas metro area. The Meridian is a 10-story, 227,000-square-foot building located along the LBJ Freeway in Farmers Branch. The other building is located at 12005 Ford Road in northwest Dallas and is known as NorthPointe Center. Ari Raskas of ARZ Realty Capital arranged the refinancings through two separate lenders on behalf of the buildings’ owner, Maitland Management.

February 17, 2025

Acquisitions Multifamily Texas

Investor Buys College Station Apartment Complex for $40.8M

by Taylor Williams February 17, 2025

COLLEGE STATION, TEXAS — An investor doing business as 950 TL Midtown LLC has purchased an apartment complex located about seven miles from the Texas A&M University campus in College Station for $40.8 million. The number of units at Nine50 Town Lake at Midtown was not disclosed, but the property’s residences come in one-, two- and three-bedroom floor plans and range in size from 527 to 1,371 square feet. Amenities include a pool, outdoor grilling kitchen, fitness center, business center, dog park, Wi-Fi café and a game lounge with shuffleboard and a billiards table. The seller was also not disclosed.

February 17, 2025

Acquisitions Retail Texas

Marcus & Millichap Brokers Sale of 35,000 SF Retail Building in Hudson Oaks, Texas

by Taylor Williams February 17, 2025

HUDSON OAKS, TEXAS — Marcus & Millichap has brokered the sale of a 35,000-square-foot retail building in Hudson Oaks, a western suburb of Fort Worth. The building at 2010 Cinema Drive sits on a 3.6-acre site off I-10 and was fully leased at the time of sale to Urban Air Adventure Park. Alex Sacks, Brett Rodgers and Frank Roti of Marcus & Millichap represented the seller, T&J Realty Holdings, in the transaction. The buyer and sales price were not disclosed.

February 17, 2025

Industrial Leasing Activity Texas

Peak Paper Plastics Subleases 22,560 SF of Industrial Space in North Houston

by Taylor Williams February 17, 2025

HOUSTON — Peak Paper Plastics, a Chicago-based wholesaler, has subleased 22,560 square feet of industrial space in North Houston. The space is located at 3717 Yale St., a building that according to LoopNet Inc. is part of a larger complex that totals 137,647 square feet and was built in 1975. Austen Buckalew of locally based brokerage firm Oxford Partners represented the subtenant in the negotiations. Dustin Cruz and Kayla Kigh of Cresa represented the sublandlord, an entity doing business as Crazy Boss LLC.

February 17, 2025

Keystone-Trade-Center-Fairless-Hills-Pennsylvania

Industrial Leasing Activity Northeast Pennsylvania

Colliers, KBC Advisors Negotiate 517,641 SF Industrial Lease in Fairless Hills, Pennsylvania

by Taylor Williams February 17, 2025

FAIRLESS HILLS, PA. — Colliers and KBC Advisors have negotiated a 517,641-square-foot industrial lease in Fairless Hills, located just outside of Trenton in Eastern Pennsylvania. The space is located within Keystone Trade Center, a 15 million-square-foot campus that is a redevelopment of a former steel mill. Michael Golarz and Tom Golarz of Colliers, in conjunction with Mark Chubb, Mike Zerbe and Summer Coulter of KBC Advisors, represented the landlord, Missouri-based NorthPoint Development, in the lease negotiations. Michael Lee and Drew Maffey with Lee & Associates represented the tenant, global third-party logistics provider Cirro.

February 17, 2025

Acquisitions New Jersey Northeast Office

Cushman & Wakefield Brokers Sale of 439,059 SF Office Building in Morristown, New Jersey

by Taylor Williams February 17, 2025

MORRISTOWN, N.J. — Cushman & Wakefield has brokered the sale of a 439,059-square-foot office building in the Northern New Jersey community of Morristown. The building at 340 Mount Kemble Ave., which recently underwent a $50 million capital improvement program, was 94.5 percent leased at the time of sale. David Bernhaut, Gary Gabriel, Andy Merin, Frank DiTommaso and Bill Baunach of Cushman & Wakefield represented the seller, a partnership between Onyx Equities and Los Angeles-based PCCP, in the transaction. Brad Domenico, also with Cushman & Wakefield, arranged an undisclosed amount of acquisition financing through Societe Generale on behalf of the buyer, First Mile Capital, an affiliate of Crown Acquisitions.

February 17, 2025

Acquisitions Delaware Industrial Northeast

Outrigger Industrial Acquires 125,000 SF Property in Bear, Delaware

by Taylor Williams February 17, 2025

BEAR, DEL. — Outrigger Industrial, which is a joint venture between four private real estate investors and firms Davidson Kempner Capital Management and Monarch Alternative Capital, has acquired a 125,000-square-foot property in Bear, located south of Wilmington. The property comprises two buildings totaling 40,000 and 85,000 square feet on an 8-acre site that were fully leased to a single tenant at the time of sale. The seller and sales price were not disclosed.

February 17, 2025

Leasing Activity New York Northeast Office

S Rothschild Signs 47,000 SF Office Lease Renewal in Midtown Manhattan

by Taylor Williams February 17, 2025

NEW YORK CITY — S Rothschild has signed a 47,000-square-foot office lease renewal in Midtown Manhattan. The apparel manufacturer will remain at 1407 Broadway, a 1.1 million-square-foot, 43-story building that was originally constructed in 1950, for another 10 years. Peter Sabesan and Matthew Feigen of Cresa represented the tenant in the lease negotiations. Bob Forman represented the landlord, Shorenstein Properties, on an internal basis.

February 17, 2025

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