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UPDATE: Wilkie, longtime head of Sid Richardson Foundation, dies at 91

Valleau Wilkie Jr., who headed the Sid W. Richardson Foundation from 1973 to 2011, died Tuesday in Sunapee, N.H., at 91.

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Oil plunge sparks concern of real estate slowdown in U.S. energy centers including Texas

SEATTLE — The drop in oil prices to five-year lows, while helping consumers, is sparking concern that leasing and construction demand will be hurt in some of North America's best-performing markets for commercial real estate.

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Texan among those honored as Carnegie Heroes

Winners of Carnegie Hero medals announced Monday:

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As oil prices plunge, Texas eyes are on new comptroller

In January of 1983, just one month after Billy Hamilton stepped into his position as Texas’ chief revenue estimator, the state was wading in a flood of red ink that no one had seen coming. Plummeting oil prices had pushed state tax collections $100 million below the previous

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Study: Texas children living with relatives often don't receive state support

About 253,000 Texas children live with family members who are not their parents and many of those are not receiving state and federal benefits, according to a report released last week.

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Sinclair Building sold

Interior of Sinclair Building. Photo by A. Lee Graham

Sinclair Building. Photo by Alyson Peyton Perkins

A. Lee Graham
Reporter

One of downtown Fort Worth’s most visually striking buildings has sold, with the Sinclair Building now owned by a group of local investors.

“I’m not at liberty to say who they are,” said Nicholas Pappas, a Fort Worth attorney who represented Sinclair Holdings LLC, the investors’ group, in the transaction.

Selling the property was The Sinclair Building Partners LP, an investment group headed by Ken Jaffe, Allyson Baumeister and Rick Baumeister that purchased the building in September 2006.

The purchase price for the latest transaction was not disclosed, but the 512 Main St. property is valued at $5.8 million, according to the Tarrant Appraisal District.

The deal closed on Friday Dec. 13 with a deed expected to be filed in coming weeks, Pappas said.

The 16-story structure, on the northwest corner of Main and Fifth streets, was built in 1930 and reflects the Art Deco architecture of the time. Designed by Wiley G. Clarkson and built by Harry B. Friedman, it underwent a 1990 restoration that transformed the lobby into a virtual museum, with display cases containing salvaged artifacts, as well as photographs taken before and after the restoration.

Original plans to name the building the Dulaney Building, after its then-owner, changed to reflect Sinclair Oil Co., its main tenant.

lgraham@bizpress.net

 

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