This Fort Worth neighborhood near TCU was once the suburbs, where homes had outhouses

The University Place neighborhood began development in the years after TCU moved from Waco to Fort Worth in the early 1900s.

When Texas Christian University moved from Waco to southwest Fort Worth in 1911, a new suburban addition sprang up nearby to serve the college community.

The addition was four miles from the city, a long commute with no paved roads and no streetcar service. The Fort Worth police did not even patrol there because it was outside city limits. For law enforcement, residents had to depend on the Tarrant County sheriff. But the future was bright.

The area around TCU was ripe for development. The rolling hills were elevated enough to get cooling western breezes, with good soil and a good water supply by tapping into the water table not far below. There was also talk that the Northern Texas Traction Co. would build a streetcar line out to the campus in the near future. What the area did not have were municipal utilities, which also stopped at the city limits.

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Source: Fort Worth Star-Telegram

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Dallas County opens a new facility and more real estate deals of note across D-FW

Dallas County has worked to take steps — putting to work its AAA bond rating — to redevelop, renovate and build new spaces.

Dallas County opened a new 12-story parking garage with retail that will serve the government entity on May 1.

It marks a move toward the offensive with the county facilities. Rather than solely fending off repairs, the county has worked to take steps — putting to work its AAA bond rating — to redevelop, renovate and build new spaces.

Beyond more than 1,228 new parking spaces, the county Commissioners Court also ensured future plans for the building could rise an additional 15 floors for uses such as an anticipated hotel to keep up with the Dallas Convention Center expansion.

“That means we had enough insight to understand the value this is going to bring to Dallas County taxpayers,” said Commissioner John Wiley Price during a ribbon-cutting ceremony.

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Source: The Dallas Morning News

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Jerry Jones’ nephew jumps into Fort Worth’s luxury housing market

A luxury real estate brokerage headed by the nephew of Dallas Cowboys owner Jerry Jones has expanded with an office in Fort Worth.

A luxury real estate brokerage headed by the nephew of Dallas Cowboys owner Jerry Jones has expanded with an office in Fort Worth.

The brokerage, called @properties Lone Star Christie’s International Real Estate, earlier this month opened the office at Museum Place, 3100 W. Seventh St.

The expansion marks the company’s third office in the Dallas-Fort Worth area since Jerry Mooty Jr. launched the firm three years ago. The brokerage also has branches in Frisco and Austin in addition to its flagship office in Dallas.

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Source: WFAA

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Dallas-Fort Worth home prices rise 3.5% as housing market fends off interest rate pressure

DFW home prices saw an annual gain of 3.5% in Feb. as the national market bucked trends. It is DFW’s largest annual increase since Jan. 2023.

Dallas-Fort Worth home prices saw an annual gain of 3.5% in February as the national market bucked trends.

It’s below the nationwide 6.4% year-over-year gain, according to the latest S&P CoreLogic Case-Shiller Home Price NSA Index. But it is D-FW’s largest annual increase since January 2023, according to preliminary data from the closely watched housing measure.

The 6.4% nationwide increase is the fastest annual rate since November 2022 as U.S. home prices hit or approach all-time highs, said Brian D. Luke, head of commodities, real and digital assets at S&P Dow Jones Indices.

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Source: The Dallas Morning News

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Feel the magic inside this colorful Texas home for sale — that was built for a magician

A particularly curious house with a rich history and interesting look has landed on the real estate market for $2.875 million.

Magic is in the air — at least in Fort Worth, Texas.

A particularly curious house with a rich history and interesting look has landed on the real estate market for $2.875 million.

The four-bedroom, five-bathroom home sits in the Crestwood neighborhood and was designed by famous Dallas architect Charles Dilbeck, whose style would often combine “an eccentric interpretation of European eclecticism with artisanship, honest materials and straight forward design of Texas modern,” Douglas Newby & Associates described.

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Source: Fort Worth Star Telegram

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What’s on deck for Dallas-Fort Worth real estate in 2024

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From the new Mavs owners making moves to Lake Texoma’s Margaritaville Resort, here’s a look at dozens of notable deals announced so far this year.

While a tough interest rate environment continues to leave many developers and real estate investors on the sidelines nationwide, Dallas-Fort Worth is not short on activity.

Whether it’s firms formally getting underway on projects or positioning themselves to be ready to take advantage of a more attractive capital market environment, the first quarter of 2024 saw a handful of notable deals move forward.

It’s a backdrop that calls attention to what a slower year means for North Texas.

Here’s a look at some of the notable transactions and deal announcements that hit between Jan. 1 and March 31 of this year:

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Source: The Dallas Morning News

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1,300-acre Sugaree Ranch seeks a buyer

The ownership partnership behind the 1,300-acre property is currently seeking offers for both the purchase of the entirety of the land or even subdivided parcels.

Situated a little over an hour southeast of Dallas in Athens is Sugaree Ranch.

The ownership partnership behind the 1,300-acre property is currently seeking offers for both the purchase of the entirety of the land or even subdivided parcels.

It’s one of the largest pieces of land of its kind that remains intact so close to an expanding city like Athens, according to the broker marketing the property, Icon Global’s Bernie Uechtritz.

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Source: The Dallas Morning News

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Transformative towers, creative adaptations, impactful projects: DFW’s best real estate deals recognized

Dive into these stories to learn more about how companies both big & small have engineered projects that will have a lasting impact on DFW.

The real estate scene in Dallas-Fort Worth is arguably one of the strongest in the nation.

That’s not to say it’s immune from headwinds including high interest rates, shifting tenant needs and the looming specter of a presidential election.

But big deals are still getting done, and the creative strategies employed to get them across the finish line offer helpful hints to the many real estate professionals working across the Metroplex.

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Source: Dallas Business Journal

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Dallas-Fort Worth ranks as most attractive real estate investment market in US

DFW leads U.S. markets in total property returns, while Austin placed 10th in attractive investment markets.

Dallas-Fort Worth is the most attractive market in the United States for investment, according to real estate company CBRE in its 2024 U.S. Investor Intentions Survey.

Miami-South Florida, Raleigh-Durham, Atlanta, Nashville, Charlotte, New York City, Phoenix, Tampa, and Austin rounded out the rest of the top 10.

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Source: The Texas

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Pro golfer Bryson DeChambeau is selling his Dallas mansion for $3.2M

DeChambeau currently plays on the LIV Golf Tour and has listed his grand five-bedroom, 5.5-bath dwelling for $3.2 million.

Golf pro Bryson DeChambeau is hoping to tee up a sale on his luxe home in Dallas.

DeChambeau currently plays on the LIV Golf Tour and has listed his grand five-bedroom, 5.5-bath dwelling for $3.2 million.

With more than 5,300 square feet inside and a half-acre landscaped yard, this stately property is a fine find for anyone hoping to relocate to the Big D.

Two years ago, DeChambeau opened his doors to fans and allowed them a look inside his mansion.

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Source: SF Gate

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