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Ernst & Young takes prime office space in Sundance Square in downtown Fort Worth

Ernst & Young has moved its Fort Worth office to The Westbrook, a year-old building in Sundance Square downtown.

The firm’s new office on the building’s sixth floor at 425 Houston St. features more than 8,600 square feet of office space, including an innovative and open cubicle layout, two conference rooms and 10 teaming environments. The space also has more than 1,900 square feet of balconies.

“The location and design of our new office reflect our continued commitment to the city, our clients and our employees,” Craig Stone, the Fort Worth office managing partner, said in a statement. “Located in the hub of downtown, this space is designed to redefine and enhance the way we work. Collaboration and technology improvements will help build relationships across teams, accounts and geographies, and ultimately support the development of our talented employees and our exceptional client service.”

As part of the new office environment, the Fort Worth team has fully embraced “hoteling,” a practice by which each employee reserves his or her work space for the day. In fact, none of the office’s 85 employees has a permanent assigned work space, the firm said.

“We want to empower our people to work in whatever way is most appropriate for delivering exceptional client service,” Stone said. “Hoteling is a big part of that flexibility. It also encourages our employees to mingle across their traditional work functions in order to build connections and learn from each other.”

Local home prices rise more than 7%

Fort Worth-Arlington home prices increased 7.3 percent in August compared with a year ago, according to the CoreLogic property information and analytics services provider.

Prices increased by 0.7 percent in August from July.

Home prices nationwide increased 6.4 percent in August, CoreLogic said, representing 30 months of consecutive year-over-year increases.

Home prices nationwide increased 0.3 percent in August compared with July.

“Home prices continue to rise, albeit more slowly, across most of the U.S.,” said Anand Nallathambi, president and CEO of CoreLogic. “Major metropolitan areas such as Riverside and Los Angeles, Calif., and Houston continue to lead the way with strong price gains buoyed by tight supplies and a gradual rebound in economic activity.”

Fort Worth investors buy Irving apartments

Fort Worth-based Panther FW Investments, in partnership with a local multifamily investment group, has bought the 256-unit Kensington Park Apartments at Belt Line Road and Country Club Drive in Irving.

The property was built in 1980. Panther FW said it plans to increase rental revenue through interior and exterior upgrades.

Transactions

3100 E. Randol Mill Road, Arlington

Oslin Nation Co. has leased a 30,000-square-foot office/warehouse. Craig Jones of NAI Robert Lynn represented the tenant. John Brewer represented the landlord.

2715 Northridge Drive, Bedford

Calvary New Life Fellowship has bought a 4,950-square-foot church on 1.3 acres from Sonset Baptist Fellowship. Theron Bryant and Casey Tounget of Coldwell Banker Commercial Alliance DFW represented the buyer. Brett Evans of Century 21 Real Estate represented the seller.

3107 W. Fifth St., Fort Worth

Team E Investments has bought a 1,500-square-foot building from Hemphill Seminary. Trey Neville of Transwestern represented the seller.

1301 Forum Way, Fort Worth

Levon Leasing bought a 150,600-square-foot building. Todd Hubbard of NAI Robert Lynn represented the seller. Jim Hazard of E. Smith Realty Partners represented the buyer.

4017 Belknap St., Haltom City

Wingstop has leased 2,567 square feet of retail space. Kornel Romada of NAI Robert Lynn represented the tenant. Alfred Goh of Pacific Century Realty represented the landlord.

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