Property Type

Phoenix’s Growing Population Brings New Retail Tenants, Shopping Centers

by John Nelson March 18, 2025

By Nellie Day Metro Phoenix’s population grew to include more than 5 million people in 2023, per the Census, making it the second fastest-growing large U.S. city that year. This increase in residents and employment opportunities naturally brought new, emerging and different retailers to the area, who quickly occupied both existing centers and new developments. Phoenix-headquartered Vestar’s activity paints a picture of how this retail market has grown with its population. In the last quarter of 2024 alone, Vestar broke ground on Verrado Marketplace, a 500,000-square-foot shopping center in Buckeye; ushered in a new wave of tenant openings at Las Tiendas Village in Chandler and Queen Creek Marketplace in Queen Creek; and brought back a seasonal pop-up inside a 50-foot spherical dome at the District at Desert Ridge Marketplace in Phoenix. Balancing Tenant Mix, Community Relevance The key to capitalizing on Metro Phoenix’s growth, the firm says, is focusing on tenant diversification and market positioning. Vestar actively seeks out curated tenant mixes that not only attract foot traffic but align with the demographic and economic profiles of each community. Las Tiendas Village, for example, recently welcomed Marshalls, beauty supply store Happy Beauty, luxury lash spa Revelashons and child-focused hair salon …

March 18, 2025

Development Student Housing Texas Top Stories

Subtext, Larson Capital Management to Develop 1,738-Bed Student Housing Project Near Texas A&M University

by John Nelson March 18, 2025

COLLEGE STATION, TEXAS — Subtext, a student housing and multifamily owner-operator based in St. Louis, has partnered with Larson Capital Management for a two-phase student housing development near Texas A&M University in College Station. The project will include EVER College Station (176 units, 545 beds) and VERVE College Station (382 units, 1,193 beds), which will be situated across the street from one another in the city’s Northgate Entertainment District, less than two blocks from campus. EVER will rise seven stories at 401 Stasney St. and include 420 parking spaces, while VERVE will rise 21 stories at 311 Stasney St. and feature 882 parking spaces. The properties will feature layouts ranging from studios to five-bedroom apartments, as well as a combined 55,000 square feet of amenity space (29,000 square feet of indoor and 26,000 square feet of outdoor). The specific amenity offerings will include open lounges, study rooms, a coffee bar, mini market, fitness center, sauna, meditation rooms, outdoor fitness spaces, multi-sport simulator, indoor/outdoor bar and kitchen. Other amenities will include a resort-style pool with poolside cabanas, a jumbotron TV and a sky lounge with a spa, as well as outdoor grilling stations, fire pits, a dog run and a game …

March 18, 2025

Acquisitions Industrial Retail Texas

M2G Ventures Buys 740,000 SF Industrial, Retail Property in Northwest Dallas

by Taylor Williams March 17, 2025

DALLAS — Locally based investment firm M2G Ventures has purchased Inwood Design District, a 14-building, 740,000-square-foot industrial and retail property in Dallas that also includes showroom space as part of the retail component. The 38-acre site at 1110 Inwood Road is located northwest of the downtown area in between the Dallas Design District and the West Brookhollow neighborhood. At the time of sale, Inwood Design District was 93 percent leased to tenants such as Crate & Barrel, White Glove Storage & Delivery, Community Coffee, Neiman Marcus and Granimport USA. M2G Ventures has tapped SHOP Cos. to lease the retail space and Holt Lunsford Commercial to lease the industrial space.

March 17, 2025

Development Multifamily Texas

JPI Breaks Ground on 373-Unit Multifamily Project in The Colony, Texas

by Taylor Williams March 17, 2025

THE COLONY, TEXAS — Multifamily developer JPI has broken ground on Jefferson Morningstar, a 373-unit project in The Colony, a northern suburb of Dallas. The garden-style property will offer studio, one-, two- and three-bedroom apartments. Amenities will include a pool, fitness center, dog park, coworking spaces and a clubhouse. JPI is partnering with Nomura Real Estate Development Co. Ltd. and Yoram Avneri, the original owner of the land, on the project. The first residences are expected to be available for occupancy by early 2027.

March 17, 2025

Acquisitions Multifamily Texas

Vantage Communities Sells 288-Unit Apartment Complex in Burleson, Texas

by Taylor Williams March 17, 2025

BURLESON, TEXAS — San Antonio-based developer Vantage Communities has sold a 288-unit apartment complex in Burleson, a southern suburb of Fort Worth. Vantage at Burleson was completed in 2024 and offers one-, two- and three-bedroom units with an average size of 856 square feet. Amenities include a pool, fitness center, clubhouse and two dog parks. Will Balthrope, Drew Garza, Drew Kile, Taylor Hill, Joey Tumminello, Michael Ware and Cameron Purse of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented Vantage Communities in the transaction. The team also procured the undisclosed buyer, which has since rebranded the property as Fairmount Oaks.

March 17, 2025

Acquisitions Retail Texas

Marcus & Millichap Brokers Sale of 29,400 SF Retail Center in Sugar Land, Texas

by Taylor Williams March 17, 2025

SUGAR LAND, TEXAS — Marcus & Millichap has brokered the sale of a 29,400-square-foot retail center in the southwestern Houston suburb of Sugar Land. Known as Synott Flex Retail Center, the property comprises three buildings that were constructed on a 2.3-acre site in 2024. The center was fully leased to seven tenants at the time of sale. Philip Levy, Allie Munday and Adam Abushagur of Marcus & Millichap represented the seller in the transaction, and Levy and Munday also procured the buyer. Both parties were private investors that requested anonymity.

March 17, 2025

Industrial Leasing Activity Texas

Intertec Instrumentation Signs 20,200 SF Industrial Lease in Northwest Houston

by Taylor Williams March 17, 2025

HOUSTON — Intertec Instrumentation has signed a 20,200-square-foot industrial lease in northwest Houston. The provider of protective enclosures for field-based equipment will occupy the entirety of the building at 11050 W. Little York Road, which according to LoopNet Inc. was constructed in 2007 and includes 2,700 square feet of office space. Christian Villarreal and Jack Gaffney of Finial Group represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.

March 17, 2025

Development Multifamily New York Northeast

Quinlan, GTIS Near Completion of 197-Unit Multifamily Project in Brooklyn

by Taylor Williams March 17, 2025

NEW YORK CITY — A partnership between locally based firm Quinlan Development Group and global investment group GTIS Partners is nearing completion of Longview, a 197-unit multifamily project at 380 4th Ave. in the Gowanus neighborhood of Brooklyn. The 17-story building will house parking and retail space and have an affordable housing component. Units will come in one- and two-bedroom formats, and amenities will include a fitness center, gaming lounge, coworking spaces and a rooftop terrace. Los Angeles-based CIT is financing construction of the project, which was first announced in late 2022. Leasing is set to begin in the second quarter.

March 17, 2025

Acquisitions Florida Southeast Student Housing

Centurion Property Group Acquires 770-Bed Student Housing Community Near University of Florida

by John Nelson March 17, 2025

GAINESVILLE, FLA. — Centurion Property Group has acquired CANOPY, a 770-bed student housing community located near the University of Florida campus in Gainesville. Originally built in 2008, the property offers a mix of two-, three- and four-bedroom floorplans. Amenities include a resort-style swimming pool, fitness center, study lounge, dog park, clubhouse, business center and a sand volleyball court. The new ownership plans to immediately begin making improvements to CANOPY. Newmark brokered the transaction. The seller and additional terms of the deal were not disclosed.

March 17, 2025

Georgia Leasing Activity Retail Southeast

Wayfair to Open 150,000 SF Store in West Midtown Atlanta

by John Nelson March 17, 2025

ATLANTA — Online retailer Wayfair will open a 150,000-square-foot store within The District at Howell Mill in Atlanta’s West Midtown district. Located at 1801 Howell Mill Road NW, the new Wayfair store will offer a range of furniture, home décor, housewares, appliances and home improvement products. This venue will mark Wayfair’s second large-format location — as well as its second physical retail store overall — following its first store in Wilmette, Ill., that opened in May 2024. JLL Income Property Trust, a division of LaSalle Investment Management, and Atlanta-based Selig Enterprises, own The District at Howell Mill shopping center. Fraser Gough and Benton Green of Retail Planning Corp. led lease negotiations in the transaction.

March 17, 2025

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