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

07/25/2014

Williamson-Dickie buys United Kingdom based workwear firm

FORT WORTH Williamson-Dickie Mfg. Co. said it has acquired North East Rig Out Ltd., a workwear manufacturer for the oil and gas industry in Aberdeen, U.K. The company was founded in 1995. It also makes personal protective equipment. Williamson-Dickie CEO Philip Williamson said the acquisition makes the company more competitive in the European market. Terms were not disclosed.

“Williamson-Dickie has been a part of the global oil and gas industry for decades,” he said.

The addition gives Williamson-Dickie an experienced and quality workforce with a long service history in the region, the company said.

_ Sandra Baker

07/23/2014

University Park Village tenants announced

Four new tenants are announced for Fort Worth’s University   ParkVillage and include Athleta, Kendra Scott, Michael Kors and Sephora.

The stores will open this year, the shopping center said. University ParkVillage is on University Drive just south of Interstate 30.

Susan Holland, the center’s general manager, said the stores should open by the holiday season.

The new tenants, she said, “represent key brands, consistent with our current roster of premier tenants.”

_ Sandra Baker

07/22/2014

Fort Worth-Arlington mortgage delinquency and foreclosure rates dropping

The percentage of mortgage holders in Tarrant and five adjacent counties delinquent on their payments at least three months fell to 3.7 percent in May, compared to 4.1 percent in the same month last year.

The foreclosure rate in the same area was 0.77 percent in May, down from 1.2 percent in May of 2013, according to CoreLogic.

The delinquency rate, the percentage of all mortgages 90 days or more late, fell below 4 percent in March and stayed there since.

Nationally, the deliquency rate stood at 4.4 percent and the foreclosure rate at 1. 7 percent, CoreLogic said.

The local rate includes data from Tarrant, Parker, Hood, Johnson, Sommervell and Wise counties.

_ Sandra Baker

07/16/2014

GameStop's Spring Mobile chain buys 19 more locations

Spring Mobile, the retail chain that sells AT&T wireless products which was acquired by GameStop last year, is getting bigger.

The Utah-based chain has purchased 19 locations from Cellular Center and In Touch Communications, moving the company into Tennessee and Kentucky, and expanding its presence in Indiana and Illinois.

The move continues the rapid growth of Spring Mobile, which has been aided by GameStop. The Grapevine-based retailer plans to expand the chain, along with Simply Mac, a seller of Apple products, as part of its strategy to diversify the company beyond the video game market.

"We are on a mission to make high-quality, affordable AT&T wireless services available to more people in more locations, nationwide," said Jason Ellis, president of Spring Mobile, in a prepared statement. "Our strategy to expand rapidly into underserved markets is filling an important need. We are providing customers with choice, value and convenience across a range of superior AT&T wireless voice and data services – from revolutionary smartphones to next-generation TV and broadband services."

With the acquisition, Spring Mobile now operates 239 stores in 23 states and calls itself the third-largest authorized retailer of AT&T wireless solutions. More than half -- almost 130 locations -- have been added in the past 10 months.

-- Steve Kaskovich

07/07/2014

H-E-B expanding its Burleson store

San Antonio-based grocery chain H-E-B today said it is spending $14 million to upgrade its four-year-old Burleson store into an H-E-B Plus.

The store opened in 2010 with 88,000 square feet but is now increasing that to 115,000 square feet in order to accommodate the expanded departments.

The store, 165 NW John Jones Drive, will feature new products and variety when the expansion is completed in February.

“This is a tremendous opportunity for us and our customers,” said Eli Daniel, the store’s general manager, in a statement.

In addition to groceries, H-E-B Plus stores offer electronics, toys, housewares, grilling and outdoor furniture, apparel, party supplies, cell phones and tablets, and home décor.

It will have an expanded bulk items section with 600 new products and well as more fruits, vegetables and organics, for example.

The store will also double its space for beer and wine.

H-E-B reports annual sales of more than $20 billion at its 350 stores in Texas and Mexico.

_ Sandra Baker

07/01/2014

Area home prices up 8 percent in May, says CoreLogic report

Fort Worth-Arlington home prices rose 9 percent in May compared to a year ago, said CoreLogic market data firm said Tuesday.

On a month-over-month basis, prices rose 1.3 percent in May from April.

Nationwide, home prices rose 8 percent in May. And on a month-over-month basis, prices increased 1.4 percent in May over April, CoreLogic said.

Texas was among 10 states to see new home price highs, CoreLogic said.

“Home prices are continuing to climb across most of the country which has both positive and negative implications for the housing market," said Anand Nallathambi, CoreLogic’s president and CEO.  "While the rapid rise in prices over the past two years has lifted many homeowners out of negative equity, it has also become a negative factor in buying decisions for prospective purchasers weighing affordability concerns. As we move ahead, a moderation in home price increases over the next twelve months should help cool things down a bit and keep the housing recovery going."

_ Sandra Baker

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