Join The Discussion

 

Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

read more >

Hulen Pointe Shopping Center sold

Hulen Pointe Shopping Center, located in southwest Fort Worth on South Hulen Street one mile south of Hulen Mall, has been purchased by Addison-based Bo Avery with TriMarsh Properties for an undisclosed price.

read more >

Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

read more >

Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

read more >

Fort Worth temporarily stops issuing new home permits in TCU area

The moratorium will give a committee and the City Council time to review a proposed overlay that will pare the number of permissible unrelated adults living in the same house.

read more >

DR Horton 1Q net jumps 86 percent

 

D.R. Horton, the largest U.S. homebuilder, said Tuesday that its fiscal first-quarter net income jumped 86 percent as selling prices for its houses rose 10 percent to $275,600. Its shares climbed in morning trading.

The company said it saw "pricing power across most of our markets and increased demand from move-up buyers." It said housing market conditions are improving across most of its markets, and the pace of sales increased this month.

The Fort Worth-based company earned $123.2 million, or 36 cents per share, for the quarter that ended Dec. 31. That was up from $66.2 million, or 20 cents per share, during the same period a year earlier. Revenue rose almost 33 percent to $1.64 billion, from $1.23 billion a year earlier.

Analysts surveyed by FactSet had been expecting a profit of 31 cents per share on revenue of $1.49 billion.

The company said it believes it is "well-positioned to capture demand" in the spring with a strong inventory of homes ready to sell.

Its shares rose $1.33, or 6.4 percent, to $22.27 in morning trading. Its shares are up 14 percent over the past three months.


 

< back

Email   email
hide
Ebola
How worried are you about Ebola spreading?