The nondenominational Dallas West International Church has leased the former Trinity United Methodist Church facilities at Norwood Lane and Park Row Drive in Arlington and began holding services there in May.Dallas West Pastor Richard Garcia said the 900-seat sanctuary and classroom wings will give the church space to grow and will accommodate a pre-K through 12th-grade private school started last year. The school opened with 50 students but has grown to 100 enrolled for the 2013-14 school year, he said. Dallas West was founded in 1992 in Dallas and added International to its name last year, Garcia said. It has about 450 members. The church is moving from Grand Prairie.The 3,000-member Trinity United Methodist Church moved in October to new facilities at 1200 W. Green Oaks Blvd., just north of Pioneer Parkway. It had been on Park Row since the mid-1960s.Gene Livens of Service Realty represented Trinity United Methodist.Garrison firm moving to NRHJ.A. “Jay” Garrison, CPA, who founded J.A. Garrison & Co. in 1984, has bought a 3,000-square-foot office building at 6912 NE Loop 820 in North Richland Hills, where the firm will move this month.Garrison has been in downtown Fort Worth. The firm provides a range of accounting services to individuals and small and medium-size businesses.Homeowners gaining positive equityThe number of Fort Worth-Arlington area homeowners who are under water on their mortgages continues to fall thanks to higher home prices.CoreLogic, a California-based residential property information provider, said 7.2 percent of all mortgaged residential properties in Tarrant, Wise, Johnson and Parker counties, or 27,148, were in negative equity at the end of March. That compares with 9 percent, or 34,031 properties, in negative equity at the end of the first quarter of 2012, CoreLogic said.Negative equity, or being under water, means the borrower owes more on the mortgage than the home is worth.“The negative equity burden continues to recede across the country thanks largely to rising home prices,” CoreLogic President and CEO Anand Nallathambi said. “We are still far below peak home price levels, but tight supplies in many areas coupled with continued demand for single-family homes should help us close the gap.”Nationwide, 9.7 million, or 19.8 percent of all residential properties with mortgages, were under water at the end of March. That’s down from 10.5 million, or 21.7 percent, at the end of the fourth quarter. Transactions 3508 Ave. F, ArlingtonEdifico Ltd. has bought a 40,000-square-foot industrial building from CBB Acquisition Co. No. 3. Russ Webb of Silver Oak Commercial Realty represented the buyer. Reggie Beavan and Michael Tatum of Jackson Cooksey represented the seller. 4005 Gateway Drive, ColleyvilleTransport Workers Union Local 591 has leased a 1,379-square-foot office. LeAnn Brown of Silver Oak Commercial Realty represented the landlord. Western Center Boulevard and Old Denton Road, Fort WorthWilliam Altig has bought a 1-acre tract to build an office building for his optometry practice. Mark Boone of Realty Capital Management represented the seller. Don Phifer of Phifer & Associates represented the buyer. 1323 W. Northwest Highway, GrapevineDavid Spivey has leased a 1,379-square-foot medical office. Russ Webb of Silver Oak Commercial Realty represented the landlord. 5000 Western Center, Haltom CityRock N Roll Hair Salon has leased 1,400 square feet for a full-service hair salon from Premier Northwest Holdings. Sylvia Pell of Pell Realty Group represented the tenant. 580 Commerce St., SouthlakeKiki Larue Clothing Co. has leased 1,833 square feet for its Internet apparel sales company. LeAnn Brown of Silver Oak Commercial Realty represented the landlord. Moore Matthews of KW Commercial represented the tenant.
Sandra Baker, 817-390-7727 Twitter: @SandraBakerFWST