WHITE SETTLEMENT, TX-A Louisiana buyer acquires the class B complex from foreclosure, paying north of the close to $3-million ask. Plus other news from the Southwest region.

TERRELL, TX-MGHerring Group and the city finalized plans on the economic development incentive; Eighty Twenty open-air shopping center will break ground on phase one in 2012.

DALLAS-The fund’s eventual goal: $150 million in equity, $350 million in buying power and acquisitions with cash flow and upside potential.

EL LAGO, TX-A former 144-unit condo project destroyed by Hurricane Ike is now 6.71 acres for sale at a $7 million ask.

DALLAS-Bernard “Bud” Malone comes out of retirement to launch the new MF division for the residential family lender.

HOUSTON-Eight months after launching a search, the tractor manufacturer becomes the first tenant at the 315,200-sf Satsuma Distribution Center.

GLENDALE, AZ-The multimillion-dollar complex is repossessed by lender iStar after failing to sell at a foreclosure auction.

GRAND PRAIRIE, TX-The logistics provider signs a year-long lease for its current warehouse and distribution site.