Foreclosure postings for the Dallas-Fort Worth area have dropped a significant 28% in July on a year-over-year basis, according to data from Foreclosure Listing Service Inc. Although the numbers suggest an accelerated recovery, George Roddy Sr., president of the Addison-based company is still guarded. “While I am not yet ready to say the foreclosure market [...]
The high-end retail and office corner in North Dallas, more precisely the corner of Northwest Highway and Hillcrest Road is now the property of Lionstone Group. The purchase was made in partnership with the Oregon Public Employees Retirement Fund. The almost 93,000-square-foot mixed-use project had debt of about $22 million when it slipped into foreclosure [...]
Commercial foreclosures continued their rise on a year-over-year basis in Dallas and Tarrant counties, according to the mid-year report by Foreclosure Listing Service Inc Th report shows a 31% increase in Dallas County foreclosure postings and 8% in Tarrant County foreclosure postings. Collin and Denton counties recorded mid-year foreclosure posting declines of 4% and 6% [...]
A private, out-of-state buyer purchased a 282 unit Fort Worth apartment building out of foreclosure. The real estate is a Class A apartment building called Cumberland on Granbury and it is located at 6850 Granbury Road near Hulen Street in southwest Fort Worth. At the moment of sale it was close to be fully occupied. [...]
The 37,000 square-foot retail center in DeSoto was recently acquired by a Denver-based private equity real estate investment management company for $1.2 million on a foreclosure auction. The price paid for the Fountain Village Shopping Center accounted only 60% of the property’s original loan value the previous owner got from its lender. Baceline Investments LLC, [...]
