Fort Worth-Arlington home prices rise nearly 11 percent in March

Posted Monday, May. 13, 2013  comments  Print Reprints
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Fort Worth-Arlington home prices rose 10.9 percent in March compared with a year ago, according to the latest CoreLogic Home Price Index.

The prices don't include the sale of distressed properties. When distressed sales are included, home prices rose 5.8 percent.

On a month-over-month basis, excluding distressed sales, local home prices increased 3.2 percent in March from February. Including distressed sales, month-over-month prices increased 1.7 percent, CoreLogic said.

Nationwide, excluding distressed sales, home prices increased 10.7 percent in March, and 10.5 percent with them. The change represents the biggest year-over-year increase since March 2006, CoreLogic said.

March also had the 13th consecutive monthly increase in home prices nationally, CoreLogic said.

“For the first time since March 2006, both the overall index and the index that excludes distressed sales are above 10 percent year-over-year,” CoreLogic chief economist Mark Fleming said in a statement. “The pace of appreciation has been accelerating throughout 2012 and so far in 2013 leading into the home-buying season.”

Distressed sales include short sales and real estate-owned transactions. CoreLogic said it expects home prices to rise in April as well.

Victory Healthcare closes land sale

The Woodlands-based Victory Healthcare has closed its deal to buy 6.5 acres in Fort Worth at South Main Street and Pennsylvania Avenue for the Victory Medical Center.

The project includes an 85,000-square-foot surgical hospital and 50,000 square feet for medical offices. Construction is expected to begin in mid-June.

“We have received such a warm welcome from the Fort Worth community,” said Robert Helms Jr., Victory Healthcare’s chairman and CEO.

The surgical hospital will perform specialty procedures including spinal, orthopedic and general surgery as well as gynecology, urology, bariatric, reconstructive plastics, ear, nose and throat and pain management procedures.

Mama’s Pizza leases in The Venue

Mama’s Pizza has leased 3,530 square feet in The Venue at Hometown, 9101 Blvd, 26 in North Richland Hills.

It will be the chain’s ninth Dallas-Fort Worth location.

Irving-based Realty Capital Management is the developer and property manager. The Venue has seven buildings with 209 loft apartments and 37,000 square feet of retail and office space.

“Mama's Pizza started in Fort Worth and has a long-standing tradition of serving great pizza,” said Richard Myers, managing partner of Realty Capital. “They will be the perfect complement to the current Venue eateries.”

Mark Boone represented Realty Capital Management in-house. Paul Natwick of Quest Commercial Realty represented Mama's Pizza.

Transactions

205 E. Mitchell St., Arlington

The Livingwell Church has bought the Rock Church of Fort Worth. Gene Livens of Service Realty negotiated the deal.

320 Westway Place, Arlington

THP Group has leased 4,504 square feet of industrial space. Frank Jester of Transwestern represented the tenant.

2140 SW Wilshire Blvd., Burleson

Juneau Partners II has bought 8 eight acres. Bill Behr of Transwestern represented the seller.

6327 Woodway Dr., Fort Worth

JDL Ventures has bought a 106-unit apartment complex from G8 Opportunity Fund. Chris Deuillet of represented the seller.

2724 & 2736 Prestige Road, Fort Worth

Shay-Mae II has bought 16,104 square feet of industrial space from Hayward Baker. Jerry Alexander and Sarah Everett of Transwestern represented the buyer.

5905 Eden Drive, Haltom City

Chris Brookover, owner of Southern Harvest Landscape, has leased a 6,408-square-foot warehouse. Rob Rutherford of Rutherford Realty represented the landlord. Dennis Askins of Askins Investment Realty Partners represented the tenant.

Sandra Baker, 817-390-7727 Twitter: @SandraBakerFWST

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