Dallas-Fort Worth area foreclosure postings fell for June for the second year, Foreclosure Listing Service reported. Dallas, Tarrant, Collin and Denton counties recorded a total of 4,398 foreclosure postings which means a 6 percent drop on a year-over-year basis, the Addison-base foreclosure analytics company reported. "Monthly foreclosures postings filed on D/FW homes has declined in [...]
Sheraton Dallas North was acquired out of REO directly from a lender that foreclosed on the property. The new owner of the 309-room upscale hotel is HEI Hotels & Resorts at an undisclosed price. The possibility of a short sale is pretty high. The recent deal wasn’t the only one in the Dallas-Fort Worth area. [...]
A large Lewisville shopping center is close to be foreclosed on. The almost 300,000 square-foot Lewisville Town Crossing retail center located at 4730 State Highway 121, built two years ago is threatened by its lenders with foreclosure. Compass Bank has scheduled a June foreclosure of the property as it seeks repayment of $45.4 million in [...]
Big question signs are around Tanger Factory Outlets’ 35 acres which was planned to host a 95-store outlet mall. The questions are pretty actual, as there are only several days passed after the US Bankruptcy Court for the Southern District of Texas ordered the land between Big League Dreams Sport Complex and Bay Colony Shopping [...]
A $180 million loan on Comerica Bank Tower in the heart of Dallas is now in the hands of a special servicer because of a risk of default, Fitch Ratings reported. This makes the third tallest tower in Dallas one of the highest profile troubled assets in North Texas in years. “It doesn’t necessarily mean [...]
Atlantic Hotels Ltd., a Dallas-based company has signed a $2 million contract to purchase El Paso’s derelict Artisan Hotel. Another $6 million will be spent if the sale will be sealed. “Our company has flourished in the Dallas market, and we’re looking at opportunities outside Dallas,” he said. “El Paso has been a very strong [...]
Home foreclosure rates in the Dallas-Fort Worth area increased in February from a year prior, while the number of local homeowners with late mortgage payment dropped. In February, 1.55 percent of Dallas-area homes were in foreclosure, researchers at CoreLogic said Thursday. That’s up from 1.47 percent a year earlier. However, the foreclosure rate recorded in [...]
