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T&P Warehouse: Historic building remains in limbo as area redevelops

For years, the historic T&P Warehouse on West Lancaster Avenue downtown, built in 1931 to house freight for the Texas Pacific Railway, has sat vacant and deteriorating.

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Susan Halsey, Fort Worth attorney, business leader, dies

Susan Halsey, a Fort Worth attorney who was also a community and business leader, died on Friday, Dec. 19. Halsey, 55, was chairman for the Fort Worth Chamber of Commerce in 2013-2014, leading the chamber during a year

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Heating up: West Lancaster corridor projects moving forward

West Lancaster Avenue through downtown Fort Worth is heating up, with planners envisioning a lively mixed-use corridor that extends the central business district further south.

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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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Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

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D.R. Horton sees fiscal 2Q increases in prices, orders

Fort Worth-based D.R. Horton Inc. (DHI), saw prices and orders increase during its fiscal second quarter.


D.R.Horton, the largest U.S. homebuilder by revenue, said net income increased to $131 million, or 38 cents a share, in the three months ended March 31, compared with $111 million, or 32 cents, a year earlier. Analysts were expecting earnings of about 34 cents a share.
Homebuilding revenue for the company increased to $1.7 billion in the fiscal second quarter from $1.39 billion a year earlier. The company said it sold 6,194 homes, up from 5,643 a year earlier. Orders for new homes increased to 8,569 from 7,879.


“Housing market conditions remain favorable, and as expected, the pace and strength of the improvement varies significantly across our local operating markets,” said Donald R. Horton, chairman of the board,, in a statement. “Our broad geographic footprint, diversified product offerings, solid balance sheet and robust finished lot supply put us in a strong position to capture demand and increase revenues and profitability in the second half of our fiscal year."
"Our homebuilding and financial services operations delivered a great quarter, highlighted by pre-tax income of $201.9 million and a pre-tax income margin of 11.6 percent,” he said.

Horton also noted that the dollar value of the company’s homes sold, closed and in backlog all increased by double-digit percentages and that the company’s net sales orders in the March quarter were up 57 percent sequentially from the December quarter and up 9 percent from the March quarter last year. Average sales prices were up too, increasing 10 percent to $278,900.
 

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