Texas

Forman Capital closed a $28.2 million lot development loan for The Highlands, a planned 253-acre mixed-use community located along Manzano Mile at FM 1431 in Marble Falls, just outside Austin. The borrower and developer is Rockspring. The Highlands stretches along Manzano Mile, encompassing single-family homes, rental apartments and retail commercial uses on undeveloped land. The Forman Capital loan will fund horizontal development in advance of …

NXP Semiconductors NV will soon begin preparing its new Northwest Austin plant as it attempts to sell its 155-acre Oak Hill campus. After signing a full-campus, 225,000-square-foot lease at Champion Office Park in Northeast Austin earlier this year, NXP expects to move into its new home early next year. At the same time, NXP is advertising its …

Big V Property Group and The Seitz Group are beginning construction on Rosamond Town Center in Anna, Texas The 355,826-square-foot, open-air center will be anchored by Academy Sports + Outdoors, Aldi, Burlington, EOS Fitness, Hobby Lobby, HomeGoods, PetSmart and T.J. Maxx, and will feature several outparcels and specialty stores. It is an additional, complementary development …

EVO Entertainment acquired the former Xscape Movie Theater in the Katy-Fulshear market. The sale of the 55,000-square-foot theater building was brokered by Newcor’s Rob Banzhaf and Alexander Rizzotti, who represented the seller, Patoka Capital. EVO Entertainment plans to expand the property into a nearly 70,000-square-foot entertainment destination combining a renovated cinema with dining, recreation and …

Newmark arranged a $52 million cash-out refinance for Cantera at Towne Lake, a 366-unit, Class A garden-style multifamily community located in Cypress, Texas, a high-growth suburb northwest of Houston.  Newmark Multifamily Capital Markets Vince Punzi and Lowell Takahashi arranged the financing through a debt fund on behalf of the borrower, The Bascom Group. The loan …

A SynerMark Properties-led partnership purchased Union Square I & II, a 323,949-square-foot office campus in North Central San Antonio. Preferred equity was provided by Tryperion Holdings. The seller was a joint venture led by Worth & Associates. Union Square’s two-building campus consists of Building I, which was originally built in 1986 and offers 192,763 square feet …

The City of San Antonio may spend as much as $100 million to purchase property owned by the University of Texas San Antonio and the federal government so it can get moving on the Spurs’ new arena and adjacent entertainment and sports district. The San Antonio Business Journal reports the cost to purchase the UTSA …

The Alabama-Coushatta Tribe of Texas recently broke ground on the Naskila Casino Resort in Leggett, north of Houston. The roughly 685,000-square-foot Naskila Casino Resort is on 95 acres of Alabama-Coushatta Tribal land and will include a large gaming floor, a 366-room hotel, entertainment amenities, various dining options, a resort-style pool complex, and an event and conference space. …

McKesson Corporation, a Fortune 100, U.S.-based company that helps ensure patients can access medicines, has selected Moore, Oklahoma , as the location for a $179 million automated regional distribution facility at the North Moore Industrial Park. The new facility will replace an existing distribution center, expanding capacity and modernizing capabilities to support future demand. McKesson distributes approximately one-third of all …