10/23/2014

Fort Worth-Arlington mortgage delinquency and foreclosure rates drop in August

Mortgage delinquency and foreclosure rates in FortWorth-Arlington decreased in August from a year ago, according to CoreLogic data released today.

In August, 3.62 percent of mortgage loans were 90 days or more delinquent, down from 4.1 percent in August 2013.

The foreclosure rate,  which measures the percentage of loans in some stage of the foreclosure process, was 0.75 percent, a decrease of 0.37 percentage points compared to August of 20313 when the rate was 1.12 percent, CoreLogic said.

The local rate was lower than the national foreclosure rate, which was 1.61 percent in August. A year ago, the rate was 2.4 percent.

_ Sandra Baker

09/29/2014

Land services firm moving downtown from west side

Norwood Land Services has leased space in the Oncor Building in downtown Fort Worth where it will relocate to in mid-October.

The company has leased 7,920 square feet on the 13th floor of the building at 115 W. 7th St. The company will move from  6421 Camp Bowie Blvd.

Casey Tounget and Theron Bryant with Coldwell Banker Commercial Alliance DFW represented the landlord, Benbrooke Electric Partners. Bill Tinsley with Ellis & Tinsley represented the tenant.

The building is now 93.5 percent occupied, Tounget said.

“Downtown Fort   Worth is always going to be a hot market,” Tounget said. “The walkability factor certainly weighed on Norwood Land Services' decision to move into the downtown.”

_ Sandra Baker

 

09/26/2014

Goodwill Industries of Fort Worth buys building for expansion

Goodwill Industries of Fort Worth said Friday it has bought the former DP&P Construction building located at 2514  Mansfield Highway, adjacent to its headquarters at 4005 Campus Drive.

The organization said its contracts workshop and day-habilitation center will be relocated to the 7,000-square-foot building to ease a bottleneck in their donation and distribution warehouse, and allow for expansion of their recycling and retail operations.

David Cox, Goodwill Industries president and CEO, said the organization is “busting at the seams.”

 “In last two years alone, we’ve opened three new donation centers, one new retail store - with another in the planning stages, rebranded and reopened the Job Resource Center and expanded our recycling program,” he said in a statement.  

_ Sandra Baker

09/25/2014

Fewer Fort Worth-Arlington homeowners under water on their mortgages in the second quarter

 

The number of home owners with mortgages in negative equity in the Fort Worth-Arlington area continues to fall, and stood at 2.7 percent in the second quarter, well below the national number of 10.7 percent, according to a CoreLogic report.

Locally, 10,316 residential properties, or 2.7 percent, with a mortgage were in negative equity, meaning more was owed on the house that it is worth. That compares to 13,137 properties, or 3.4 percent, in the first quarter, CoreLogic said.

CoreLogic, a leading provider of property information, analytics and data-enabled services, said 5.3 million homes, or 10.7 percent of all residential properties with a mortgage nationwide, were in negative equity in the second quarter. That compares to 7.2 million homes, or 14.9 percent, in the same quarter a year ago.

"Many homeowners across the country are seeing the equity value in their homes grow, which lifts the economy as a whole," said Anand Nallathambi, president and CEO of CoreLogic, in a statement. "With more and more borrowers regaining equity, we expect homeownership to become an increasingly attractive option for many who have remained on the sidelines in the aftermath of the great recession."

_ Sandra Baker

09/09/2014

AllianceTexas to host hiring fair on Thursday

AllianceTexas, Hillwood’s 18,000-acre master-planned, mixed-use community in North Texas, is hosting its annual job fair from 9 a.m. to 2 p.m. Thursday at the Speedway Club at Texas Motor Speedway, located at 3545  Lone Star Circle. 

Representatives from about 40 companies in Alliance are scheduled to be on hand.

“Through the years, we have seen the success the job fair has had at enhancing our workforce development in the area,” said Mike Berry, president of Hillwood Properties developer of AllianceTexas, in a statement. 

The AllianceTexas Hiring Fair is sponsored by Hillwood, the AllianceOpportunityCenter and Workforce Solutions for TarrantCounty and North Central Texas.

Participating organizations include American Airlines, Amazon.com, Cabela’s, Deloitte University, DFW Marriott at TMS, FedEx, Fidelity, Fort Worth Police Department, Heritage Bag, LG Electronics, Mercedes Benz Financial, OHL/Walmart.com, Tom Thumb/Safeway, and UPS. 

A variety of positions such as warehouse/manufacturing/distribution staff, forklift operators, logistics professionals, faculty, aerospace engineers, software developers, financial service professionals, administrative professionals, food service staff, hospitality staff, bank tellers, customer service representatives will be featured. 

For information on current job openings, or the AllianceTexas Hiring Fair, visit www.AllianceTexas.com or call the Alliance Opportunity Center at (817) 548-5274.

_ Sandra Baker

New REI store in Southlake looking for employees

The new REI Southlake store will officially open at Park Village in early November and the store is looking for employees. This is the retailer's first Tarrant County store, but third in the Metroplex.

The Seattle-based retailer is accepting applications online at http://rei-retail.jobs/.

Employees receive a variety of benefits, including product and service discounts, competitive pay and retirement contributions.

The store, at the southwest corner of Southlake Boulevard and Carroll Avenue, opens Friday, Nov. 7. Grand opening activities of events and giveaways will be held from Friday, Nov. 14 to Sunday, Nov. 16. 

REI Southlake will sell top brands of outdoor gear and apparel for camping,  climbing,  cycling,  fitness,  hiking,  paddling and travel,  the retailer said. The 22,050-square-foot store will also feature a bike store for assembly and repairs.

When the store was announced last fall, REI said it planned to hire about 50 employees.

REI has been recognized as one of FORTUNE magazine’s 100 Best Companies to Work For for 17 consecutive years.

Park Village is an 18-acre development by Fort Worth-based Woodmont Co.

_ Sandra Baker

 

 

 

 

 

09/02/2014

Fort Worth-Arlington home prices rise 8.3 percent in July

Fort Worth-Arlington home prices rose 8.3 percent in July from a year ago, according to the latest CoreLogic Home Price Index.

The increase includes sales of distress properties. Home prices were up 0.9 percent in July from June, CoreLogic said.

Home prices nationwide increased 7.4 percent in July from July 2013, representing 29 months of consecutive year-over-year increases.  On a month-over-month basis, home prices nationwide increased 1.2 percent in July from June.

Texas was among 11 states reaching new highs on the index, which dates to 1976, CoreLogic said.

"Home prices continued to march higher across much of the U.S. in July,” said Anand Nallathambi, president and CEO of CoreLogic. “Most states are reaching price levels not seen since the boom year of 2006. Our data indicates that this trend will continue, with more states hitting new all-time peaks this year and into 2015 as the recovery continues."

_ Sandra Baker

08/27/2014

Arlington Sprouts store to open Sept. 10

Sprouts Farmers Market  will open its first Arlington store, 5711 W. Interstate 20, at 7 a.m., Wednesday, Sept. 10.

This is the grocer’s second Tarrant area store to open in the past month. It opened in Hurst on Aug. 6.

The store will host a ribbon-cutting to celebrate the new 25,000 square foot store. 

Muffins and coffee samples will be served to everyone in line before the doors open and the first 200 shoppers in line will receive 20 percent off their first total purchase.

Coupon books will be given to every 15th shopper and every customer will receive a free reusable bag with a purchase. 

On Sat., Sept. 13, the first 100 customers to make a purchase will receive a coupon booklet for five free sandwiches and 20 golden tickets will be hidden on products throughout the aisles for $20 off your purchase. 

Coupon give-aways will be done on Sunday, Sept. 14 and Saturday, Sept. 20.

_ Sandra Baker

08/19/2014

Fort Worth-based TTI buys Chinese electronics firm

Fort Worth-based TTI, Inc. a subsidiary of Berkshire Hathaway, said it has acquired the assets of HuaTong Electronic Co., an electronic components distributor in Dongguan Shilong, founded in 1994.

Huatong employs about 60 associates at locations in Dongguan Shilong, Hong Kong, Suzhou, Shenzhen and Beijing. The company is a specialty distribution partner to many Chinese, domestic cellular phone manufacturers, a market segment not previously served by TTI in China.

Gene Conahan, president TTI Europe and Asia, said, “Bringing Huatong Electronics into the TTI family of companies establishes our presence in the fast growing Chinese cellular phone market segment and is further evidence of TTI’s commitment to growth in the region.”

Man Deng, Huatong’s general manager, will report directly to Anthony Chan, TTI Asia senior vice president and general manager.

“When my team and I consider the expansion of the company, second only to ensuring a culture of superior customer service, is our commitment to being specialists in the products and services we offer,” said Paul Andrews, TTI founder and chief executive officer, in a statement. “Huatong’s proven ability to deliver both of these to the benefit of their customers makes the joining of our companies a good fit.”

_ Sandra Baker

08/05/2014

Fort Worth-Arlington area home prices rise again in June

Fort Worth-Arlington home prices rose 8.5 percent in June from a year ago, according to the latest monthly home price report from CoreLogic.

On a month-over-month basis, home prices increased 0.9 percent in June from May.

CoreLogic, a leading property information and analytic provider, said home price nationwide increased 7.5 percent in June, representing 28 months of consecutive year-over-year increases.

On a month-over-month basis, home prices nationwide rose 1 percent in June from May. CoreLogic said it is anticipating home prices rising 0.7 percent from June to July and another 5.7 percent from June to June of next year.

"Home prices are continuing to rise fueled by ongoing tight supply, low rates and aggressive investor buying on the East and West Coasts," said Anand Nallathambi, president and CEO of CoreLogic. "The expected surge in the number of homes for sale has not materialized to date as many homeowners are staying put and waiting for better economic times and higher prices in the future."

_ Sandra Baker

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