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Moves by Jeb Bush add to talk of 2016 candidacy

WASHINGTON — Jeb Bush's decision to release a policy-laden e-book and all his emails from his time as governor of Florida has further stoked expectations among his allies that he will launch a presidential bid.

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Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

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Taking the Cake: Sundance had pursued Cheesecake Factory for many years

The Cheesecake Factory had been on the white board over at Sundance Square management for some time

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Fort Worth businessman to lead Abbott, Patrick inauguration efforts

Fort Worth businessman Ardon Moore will chair the committee running inauguration festivities for Gov.-elect Greg Abbott and Lt. Gov.-elect Dan Patrick in January, it was announced on Friday.   Moore, president of Lee M. Bass Inc. in Fort Worth, is a vice chairman of the University of Texas Investment

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Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

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AllianceTexas to pass $50B in economic impact

Hey, want some numbers?

AllianceTexas Economic Impact Report

Key figures

Economic Impact 1990 - 2013
$50.62 Billion
Economic Impact 2013
$3.78 Billion
Forecasted Total Property Taxes Paid in 2013
$121.2 million
Forecasted Square Footage Developed 1990 - December 31, 2013
33.9 million
Forecasted Homes Completed 1990 - December 31, 2013
8,150
Hotel Rooms Completed
200
Apartment Homes Completed
550
Direct Jobs Created
37,032
Direct Jobs + Construction Jobs Created
38,953
Indirect Jobs Created
90,982

Forecasted Property Taxes Paid 1990 - 2013
$1,302,867,393
City of Fort Worth
$252,639,211
City of Haslet
$9,354,882
City of Roanoke
$32,589,608
Town of Westlake
$2,767,699
Denton County
$33,006,813
Tarrant County
$232,242,361
Keller ISD
$277,684,313
Northwest ISD
$462,582,504

AllianceTexas is expected to provide an economic impact of $50 billion to the North Texas region over the life of the project, according to a presentation made to the Fort Worth City Council on Dec. 10.


The milestone gives an indication of the continued growth taking place at the development – which now encompasses industrial, Class A office, aviation, retail, residential and multifamily real estate projects. The projection is based upon activity covering the years 1990 through 2013, and includes more than $1.3 billion in paid taxes to the eight public entities covering the development. The study was prepared by Insight Research Corp. 


Mike Berry, president of Hillwood Properties, said this year “will be remembered as one of the most significant years in the project’s history.


“For the first time since 2007, we initiated projects in each of our core real estate asset classes, including two separate spec industrial efforts,” he said. “Moreover, we saw more than 5,000 jobs created during the year, with a substantial number occurring in manufacturing and e-commerce fulfillment – two areas where AllianceTexas has been noted by the national media for being on the cusp of national employment trends.”

According the study, total investment in the project exceeded $8 billion during the 1990 thru 2013 timeframe, with nearly $7.6 billion coming from the private sector, and a little more than $450 million coming from the public. With a 17-1 return on investment from the private sector, AllianceTexas represents one of the nation’s most successful public-private partnerships of its kind, and continues to provide exponential tax revenue growth to each of the project’s eight public entities, according to Hillwood officials.
“One of the most encouraging trends in the study includes three straight calendar years (2011-2013) where AllianceTexas generated more than $3 billion in economic impact,” said Berry. “This type of exponential growth exceeds any expectation we envisioned in 1989, and as we prepare to celebrate the project’s 25th anniversary, we are experiencing more activity than ever before. It will be very exciting to see what the future holds for AllianceTexas.”
 

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