Join The Discussion

 

Ice cancels flights, snarls traffic; snow in North Texas forecast

DALLAS (AP) — More wintry weather was expected across parts of North Texas through Wednesday.

read more >

Berkshire Hathaway company acquires Fort Worth firm

M&M Manufacturing, a producer of sheet metal products for the air distribution and ventilation market based in Fort Worth, has been acquired by MiTek Industries Inc., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.,

read more >

Plans for Grand Prairie indoor ski resort, Hard Rock Hotel evaporate

Plans for a $215 million indoor ski resort and Hard Rock Hotel in Grand Prairie have been shelved. Sherman Thurston, a member of the development team, sent a

read more >

UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

read more >

26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

read more >

 

Senior living community planned for Mansfield

Real estate investment firm 2GR Equity LLC of Grapevine has formed a joint venture with Dallas-Fort Worth developer Rochester Group to build a 95-unit senior living facility across from Mansfield Methodist Medical Center in Mansfield.
The 73,344-square-foot Rochester Springs Assisted Living and Memory Care Facility will consist of 51 assisted living units and 44 memory care units. Located on 3.09 acres, the property is in the northeast quadrant of East Broad Street and Matlock Road.
This is the second investment in the past year 2GR Equity has made in the development of a senior living community in Texas and the 12th transaction closed by the firm since its formation in March 2011, according to a company news release. The firm has now provided joint-venture equity on commercial real estate transactions representing $95 million in total capitalization.
“Everyone knows the senior living market is frothy right now,” said 2GR Equity principal and co-founder David Gregory. “However, success can still be found in a product type like this if you have the right team assembled who knows how to execute the business plan and, of course, the right location in the right market. We feel we have all of those aspects working for us on this transaction.”
Three Living Architecture of Dallas designed the Rochester Springs community. Dallas-based 12 Oaks Senior Living will be responsible for managing the facility.

Betty Dillard
bdillard@bizpress.net
 

< back

Email   email
hide
Catch
How 'bout them Cowboys?