Arizona company makes entry into Texas market with Haltom City industrial park

LGE Design Build is breaking ground Friday on 820 Exchange in Haltom City. The four-building, nearly 1 million square-foot industrial park, located on Northern Cross and Anderson boulevards in Haltom City, will mark the Phoenix-based design builder’s entry into the Texas market. The Friday, Dec. 13 groundbreaking event will include prepared remarks from: • Rex… Continue reading Arizona company makes entry into Texas market with Haltom City industrial park

Real Deals: Ascent at Lake Worth sold

NorthMarq’s Dallas-based Multifamily Investment Services Group said it brokered the sale of Ascent at Lake Worth, a 265-unit apartment community located at 6303 Shady Oaks Manor Drive, Fort Worth. NorthMarq Managing Director Taylor Snoddy, Senior Vice President Philip Wiegand and Senior Vice President James Roberts represented the seller, Presidium. A Denver based firm acquired the… Continue reading Real Deals: Ascent at Lake Worth sold

Happy Baggett, who brought major development to Southeast Fort Worth, dies at 67

Happy Baggett, the driving force behind Renaissance Square, a massive development at Berry Street and U.S. Highway 287 that is changing one of the most underserved and poorest areas of Fort Worth, has died at age 67. Baggett had announced more than six months ago on social media that he had terminal cancer. Baggett lived… Continue reading Happy Baggett, who brought major development to Southeast Fort Worth, dies at 67

Pending US home sales fell 1.7% in October amid short supply

WASHINGTON (AP) — Americans signed fewer contracts to purchase homes in October, as would-be buyers struggled to find available properties. The National Association of Realtors said Wednesday that its pending home sales index, which measures the number of purchase contracts signed, fell 1.7% last month. The signed contracts become final purchases 1-2 months later. Still,… Continue reading Pending US home sales fell 1.7% in October amid short supply

Real Deals: Leases

Fat Gandalf Inc. Toys & Collectables, a store specializing in pop culture collectables and consumer toys intended for both collectors and children, has leased 2,142 square feet of retail space in Arbrook Oaks, a regional-draw retail center at 3808-3810 S. Cooper St. in Arlington, for its first brick-and-mortar location. Michael Sweet and Kevin Butkus with… Continue reading Real Deals: Leases

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Long-term mortgage rates rise; 30-year at 3.75%

WASHINGTON (AP) — U.S. long-term mortgage rates rose this week amid optimism over prospects for the U.S. economy. Rates remain at historically low levels, however, as an incentive to prospective homebuyers. Mortgage giant Freddie Mac said Thursday the average rate for a 30-year fixed-rate mortgage jumped to 3.75% from 3.69% last week. By contrast, the… Continue reading Long-term mortgage rates rise; 30-year at 3.75%

Vision Commercial to represent Globe Life Park

Vision Commercial Real Estate will now be representing Globe Life Park, former home of the Texas Rangers, for the leasing of the park’s center field office tower and new street level retail spaces. Vision Commercial Director Trenton Price, along with agents Zach Boatwright and Cameron Haddad, in conjunction with Jamie Adams of Compass Real Estate,… Continue reading Vision Commercial to represent Globe Life Park

Downtown Fort Worth’s First on 7th adds Guaranty Bank, Presidio Petroleum

First on 7th, the 21-story mid-century modern tower undergoing a major renovation on the west end of downtown Fort Worth, will get a new ground-floor tenant and another that will occupy the building’s entire 15th floor. Guaranty Bank & Trust is preparing to move into First on 7th’s street-level suite at the corner of West… Continue reading Downtown Fort Worth’s First on 7th adds Guaranty Bank, Presidio Petroleum

Inaugural Beck School of Construction class graduates

Beck School of Construction grads Brian Chatman

A partnership program between the City of Fort Worth and the architecture and construction firm The Beck Group held a graduation on Nov. 5. The inaugural class of the Beck School of Construction graduated and were recognized in a graduation ceremony at Fort Worth City Hall on Tuesday. The ceremony featured a presentation from Mayor… Continue reading Inaugural Beck School of Construction class graduates

Council Report: Plan for hotel at 714 Main St. moves forward

In the case of Fort Worth, it’s not if you build it they will come as much as it is, you’d better build it because they’re coming. With that in mind, the Fort Worth City Council, at its Tuesday meeting, authorized City Manager David Cooke to execute an amendment to the economic development program agreement… Continue reading Council Report: Plan for hotel at 714 Main St. moves forward