Area mortgage delinquency rate falls below 4 percent in May

Posted Sunday, Jul. 27, 2014  comments  Print Reprints
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The percentage of mortgage holders in Tarrant and five adjacent counties delinquent on their payments at least three months fell to 3.7 percent in May, compared with 4.1 percent in the same month last year.

The foreclosure rate in that area was 0.77 percent in May, down from 1.2 percent in May 2013, according to CoreLogic.

The delinquency rate, the percentage of all mortgages 90 days or more late, fell below 4 percent in March and has stayed there since.

Nationally, the delinquency rate was 4.4 percent and the foreclosure rate 1.7 percent, CoreLogic said.

The local rate includes data from Tarrant, Parker, Hood, Johnson, Sommervell and Wise counties.

University Park Village names tenants

Athleta, Kendra Scott, Michael Kors and Sephora will open stores at University Park Village this year, the Fort Worth shopping center announced.

Susan Holland, the center’s general manager, said the stores should open in time for the holidays. University Park Village is on South University Drive just south of Interstate 30.

The new tenants, she said, “represent key brands, consistent with our current roster of premier tenants.”

Keller site sold

Street View Realty Investments has bought the 2.43-acre pad site on the northwest corner of Keller Parkway and Cindy Street, the former location of Mimosa Manor nursing home.

The nursing home has been razed and will be redeveloped into individual pad sites or a strip development, brokers involved in the deal said.

Roger Smeltzer and Scott Lowe of Vision Commercial represented the seller, Ron Payne. Kathy Denny represented the buyer in house.

Transactions

2215 Forum Drive, Arlington

Northwind Construction has sold a 5,000-square-foot industrial building to Dylan-Hannah Investments. Nick Talley of Bradford Commercial Real Estate Services represented the seller. Jennifer Tran of Avignon Realty represented the buyer.

600 Railhead Road, Fort Worth

Irwin Aviation has leased 12,000 square feet of warehouse space in Railhead Business Station from Sun Life Assurance Co. of Canada. Nick Talley of Bradford Commercial Real Estate Services represented the landlord. Matt Carthey of Holt Lunsford Commercial represented the tenant.

3724 Benbrook Highway, Fort Worth

John Gholson and Mitzi Gholson have bought a 1,358-square-foot building from HN Investments for an office. Dick Myers of Coldwell Banker Commercial Searcy Vasseur Group represented the seller. Jordan Johnson represented the buyer.

2002 Texas 360, Grand Prairie

Precision Siding & Construction Co. has leased 13,596 square feet of industrial space in the Northridge Business Center from Northridge GSW Partners. Michael W. Spain and Jim Ferris of Bradford Commercial Real Estate Services represented the landlord. Tim Vogds of CBRE represented the tenant.

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

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