Tuesday, October 7, 2025
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AcquisitionsIndianaMidwestMultifamily

Standard, Arrow Street Sell 244-Unit Luxury Apartment Complex in Downtown Indianapolis

by Kristin Harlow

INDIANAPOLIS — Standard Real Estate Investments LP and Arrow Street Development have sold Wesley Place, a 244-unit luxury apartment complex in downtown Indianapolis. The complex marks the only luxury residential building in the Medical District and was built in 2023 as part of Standard’s strategic investment program with Belay Investment Group LLC. Situated on 2 acres, the community is within walking distance of Indiana University Health Campus, a $4.3 billion expansion and redevelopment project that broke ground in 2022. Wesley Place was 91 percent leased at the time of sale. Amenities include a game room, resident lounge, pet spa, fitness center, bike storage and an interior courtyard with a pool deck. Wesley Place also includes 3,000 square feet of street-level retail space and parking for 327 vehicles. Amanda Friant, Ken Martin, Mark Stern, Zach Kaufman and Sam Grohe of JLL represented the sellers. The buyer and sales price were undisclosed.

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AcquisitionsMichiganMidwestRetail

Mid-America Brokers Sale of 151,673 SF Bloomfield Plaza Shopping Center in Suburban Detroit

by Kristin Harlow

BLOOMFIELD HILLS, MICH. — Mid-America Real Estate Corp. has brokered the sale of Bloomfield Plaza, a 151,673-square-foot shopping center in the Detroit suburb of Bloomfield Hills. The sales price was undisclosed. Anchor tenants at the fully leased property include Nino Salvaggio International Marketplace and Trader Joe’s. Additional tenants include Andiamo Italian, CVS, Planet Fitness and Sephora. Located at the southwest corner of Maple and Telegraph Roads, the center has served the community since 1957. Ben Wineman and Daniel Stern of Mid-America represented the seller, the family owners of Bloomfield Plaza’s original developer. Jack Berke of Taylor Real Estate Services represented the buyer, a private investor.

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The Emmet Building in New York City
DevelopmentLoansMixed-UseMultifamilyNew YorkNortheastOfficeRetailTop Stories

NuVerse Advisors Receives $99M Construction Loan for Office-to-Residential Conversion Project in New York City

by Channing Hamilton

NEW YORK CITY — NuVerse Advisors LLC has received a $99 million construction loan to convert The Emmet Building, a 17-story office building at 95 Madison Ave. in New York City, for residential use. The vacant property was originally constructed between 1911 and 1912 as a loft office building with grade-level retail space. The building will be converted into 65 residential condominiums across 108,000 square feet, along with 17,000 square feet of retail space and 3,400 square feet of office space. Internal demolition is currently in progress. However, an expected delivery date was not disclosed. The conversion is sponsored by NuVerse Advisors’ S3 Multi Strategy Global Fund, with Sunlight Development as a strategic partner and general contractor. BHI — the U.S. branch of Tel Aviv, Israel-based Bank Hapoalim BM — is the senior lender in the financing. Under the terms of the loan, BHI will provide $40 million of debt. The company has worked with several financial partners to arrange the remainder of the financing. “BHI was a trusted partner in financing the acquisition of this property this past summer and we’re thrilled to work together again now as we redevelop this property for residential use,” said Dov Schlein, managing …

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Dixie-Farm-Business-Park-Houston
AcquisitionsIndustrialTexas

Partners Capital Buys 196,000 SF Industrial Flex Property in Southeast Houston

by Taylor Williams

HOUSTON — Partners Capital, the investment arm of Partners Real Estate, has purchased Dixie Farm Business Park, a 196,000-square-foot industrial flex property in southeast Houston. The property comprises eight buildings at the northeast corner of I-45 and Dixie Farm Road. Veritex Community Bank provided acquisition financing for the deal. The seller and sales price were not disclosed. Dixie Farm Business Park was 96 percent leased at the time of sale. The new ownership plans to implement a value-add program.

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Plaza-One61-Irving
AcquisitionsOfficeTexas

STRIVE Arranges Sale of 195,172 SF Office Complex in Irving

by Taylor Williams

IRVING, TEXAS — Locally based investment sales brokerage firm STRIVE has arranged the sale of Plaza One61, a 195,172-square-foot office complex in Irving. According to LoopNet Inc., the four-story building was originally constructed in 1999. Parker Tims and Jennifer Pierson of STRIVE represented the seller, an Oklahoma-based investor, in the all-cash transaction and procured the locally based buyer. Both parties requested anonymity. Plaza One61 was 74 percent leased at the time of sale.

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AcquisitionsRetailTexas

Younger Partners Acquires 137,287 SF Shopping Center in McKinney, Texas

by Taylor Williams

MCKINNEY, TEXAS — Dallas-based Younger Partners Investments has acquired 380 Towne Crossing, a 137,287-square-foot shopping center in McKinney. The center, which was 98 percent leased at the time of sale, was built in 2007 at the northwest corner of US Highway 75 and State Highway 380. Tenants include FedEx Office, Buffalo Wild Wings, Leslie’s Pool Supplies, Cook Children’s Pediatrics, Storming Crab, Jimmy John’s and Mattress Firm. Development firm Weber & Co. was the seller.

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AcquisitionsMultifamilyNorthmarqTexas

Quannah Partners, VaultCap Sell 114-Unit Multifamily Property in Waxahachie, Texas

by Taylor Williams

WAXAHACHIE, TEXAS — A partnership between Denver-based Quannah Partners and Dallas-based VaultCap Partners has sold The Townhomes at Bluebonnet Trails, a 114-unit multifamily property located in the southern Dallas suburb of Waxahachie. The property offers three- and four-bedroom residences with private patios/balconies as well as various outdoor amenities. Eric Stockley, Taylor Snoddy and Charles Hubbard of Northmarq arranged the sale of the property. The buyer and sales price were not disclosed.

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IndustrialLeasing ActivityTexas

Stream Realty Partners Negotiates 88,732 SF Industrial Lease in Metro Houston

by Taylor Williams

BAYTOWN, TEXAS — Stream Realty Partners has negotiated an 88,732-square-foot industrial lease in the eastern Houston suburb of Baytown. The building at 2300 East Freeway is located within the 3 million-square-foot Port 10 Logistics Center. Tyler Maner and Tommy Erwin of Stream represented the tenant, soap and bath products provider MMM Enterprises, in the lease negotiations. Richard Quarles, David Holland, Joseph Berwick and Eliza Klein of  JLL represented the landlord, Pontikes Development.

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DevelopmentMassachusettsMultifamilyNortheastStudent Housing

Shawmut Design and Construction Tops Out 276-Unit Student Housing Project in Boston

by Taylor Williams

BOSTON — Shawmut Design and Construction has topped out 100 South Campus Drive, a 276-unit student housing project that is located in the Allston area of Boston but will serve graduate students, faculty and staff at Harvard University, which is located across the Charles River in Cambridge. Designed by Marvel Architects, the project is part of a larger transformation of 175 N. Harvard St., the thoroughfare that connects Allston and Cambridge, and which includes the new home for the American Repertory Theater. The number of beds was not disclosed. Completion is slated for 2026.

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Hathon-Medway
AcquisitionsMassachusettsMultifamilyNortheast

CP Capital Sells 190-Unit Apartment Complex in Medway, Massachusetts

by Taylor Williams

MEDWAY, MASS. — New York City-based CP Capital has sold Hathon Medway, a 190-unit apartment complex located about 45 miles southwest of Boston. Built on 12.3 acres in 2023, Hathon Medway features 142 market-rate and 48 affordable units within four- and five-story buildings. Amenities include a pool, fitness center, coworking space, a clubroom, game room and bar area, demonstration kitchen, playground and a dog run. The buyer and sales price were not disclosed.

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