Texas

Flournoy Properties closed on a $46.5 million refinancing of the River Junction apartments in Leander. The project, completed in 2024, has 329 units. Bridge Investment Group provided the loan. The Walker & Dunlop Capital Markets Real Estate Finance team, led by Patrick Short and Clay Colvill, arranged the floating-rate, interest-only bridge loan. Besides the 329 units, the garden-style multifamily community includes …

Brandywine Realty Trust sold downtown Austin’s 405 Colorado tower for $151 million. Chris Price at Partners was quoted in LinkedIn saying the buyer was Hines and that the 25-story tower is 100% leased. At its annual meeting, Brandywine’s CEO said the company was looking to divest between $250 million and $300 million in assets. Completed in 2021, …

A joint venture between Core Spaces and Harrison Street Asset Management closed on a refinancing of a 408-unit build-to-rent community in Princeton, Texas. Multifamily News reports the note retires a previous $86 million construction loan issued by Western Alliance Bank in 2023, Newmark’s Jonathan Firestone, Blake Thompson, Clint Frease Travis Bailey and Josh Francis secured the latest financing, provided by …

Newmark arranged the sale and financing of Hathaway at Willow Bend, a 229-unit multifamily community located at 2525 Preston Road in Plano, Texas. Newmark’s Richard Furr, Brian O’Boyle, Jr., Brian Murphy and Jack Forman represented the seller, S2 Capital Acquisitions, in the transaction. Brian Kochan and Michael Caglianone arranged acquisition financing on behalf of the …

Affinius Capital funded a $35 million loan to refinance Village Green at Bridgeland Central, a Class A mixed-use commercial development totaling approximately 198,000 square feet in Cypress, TX. Completed in 2025 and nearly fully leased, the property is located in Bridgeland, an 11,500-acre master-planned community in Northwest Houston. The loan was made to Howard Hughes …

Concord Summit Capital arranged $28 million in mid-construction financing for The Albritton, a 163,176-square-foot mixed-use project midway between Houston and Galveston, Texas. The debt was structured on a non-recourse basis at a 70% loan-to-cost ratio. Tannos Development Group is the developer. The Albritton, located at 408 S. Friendswood Drive, Friendswood, consists of 111 Class A apartments, 11,000 square feet of ground-floor retail, 9,000 square feet of office space, and a 72,000-square-foot parking garage. The development features an elevated pool and gym, …

It’s taken 10 years for the developers of a River Walk boutique hotel to reach the point where they can announce their opening date. The San Antonio Business Journal reports the Aztec Hotel, at the site of the Aztec Theatre building, will open near the end of August. The owners of the downtown property, led …

Boomerang and Marble Capital are co-developing a 325,000-square-foot cold storage warehouse facility in the San Antonio suburb of Schertz. STX Frio can accommodate a single tenant or be demised for a two- or three-tenant layout. ARCO Design/Build serves as architect and general contractor. Completion is expected toward the end of next year. Boomerang expects STX …

Lovett Industrial and NewQuest are teaming up to develop Seguin Exchange Commerce Park, a 164-acre Class A industrial campus in Seguin, Texas. Upon full build-out, Seguin Exchange Commerce Park will deliver more than 2.0 million square feet of industrial and manufacturing space, with building sizes ranging from 30,000 to 1.3 million square feet. The development will …