Business

Jennings named to advisory board at A&M Real Estate Center

Doug Jennings, a longtime commercial real estate broker in Fort Worth, has been named to the Texas A&M University Real Estate Center’s nine-member advisory committee.

Jennings will represent the commercial sector on the committee for a six-year term. Jennings is vice president and principal of the William C. Jennings Co. Williams C. Jennings, Jennings’ father, served on the committee in the 1980s.

Jennings is a member and past commercial chairman of the Texas Association of Realtors, member and past governmental affairs chairman of the Greater Fort Worth Association of Realtors, member and past chairman of the Society of Commercial Realtors and a member of the National Association of Realtors.

In 2004, The greater Fort Worth association named him its Realtor of the Year. He was also the 1997 recipient of the Lone Star Trophy Award for the year’s most outstanding commercial transaction in Texas, and the 2002 recipient of the Charles D. Tandy Award for most outstanding commercial Realtor.

The Real Estate Center was created in 1971.

Fort Worth-Arlington home prices rise in January

Fort Worth-Arlington home prices rose 7 percent in January compared with a year ago, nearly 2 percentage points greater than the national rate, according to CoreLogic’s latest Home Price Index.

Month over month, local home prices increased 0.8 percent in January from December.

Home prices nationwide rose 5.7 percent in January from the previous year. The increase marked 35 months of consecutive year-over-year increases, said CoreLogic, a provider of property information and analytics.

Month over month, home prices nationwide increased by 1.1 percent in January.

“We continue to see a strong and progressive uptick in home prices as we enter 2015,” said Anand Nallathambi, president and CEO of CoreLogic. “We project home prices will continue to rise throughout the year and into 2016.”

Trademark plans shopping center renovations

Fort Worth-based Trademark Property Co. said it plans a multimillion-dollar renovation of the The Shops at Highland Village in southern Denton County.

Trademark is the operating partner of the 352,000-square-foot shopping center. The work will include enhancing common areas, upgraded landscaping, new amenities for adults and children, updated facades and new signage.

“When Trademark operates a property, we make a commitment to evolve the shopper’s experience and enhance the surrounding community. The Shops at Highland Village is on a great trajectory with the recent, successful openings of Whole Foods, Grimaldi’s and ThePilatesBarre,” CEO Terry Montesi said.

Trademark is developing the mixed-use Waterside development in west Fort Worth and WestBend on University Drive, and is a partner in Alliance Town Center. It said it conducted a design charrette last summer at the open-air Highland Village shopping center, at the corner of farm roads 2499 and 407. It has 11 restaurants, an AMC movie theater and 60 specialty shops.

Transactions

5500 E. Loop 820, Fort Worth

5500 Centre L.P. sold this 17,766-square-foot multitenant office building to ECS International. Beaux Riley of CBC Alliance DFW represented the seller.

1822 N. Sylvania Ave., Fort Worth

Medigy Llc. bought an 11,000-square-foot building. Colt Power of NAI Robert Lynn represented the buyer. Chris Stewart of CBC Searcy Vasseur represented the seller, Trinity Bank.

2100 Avondale Haslet Road, Haslet

Ralph Sears bought this 39,800-square-foot building from ABC Realty Holdings. Michael Newsome and Todd Hubbard of NAI Robert Lynn represented the seller. Chris Stewart of CBC Searcy Vasseur represented the buyer.

781 Lonesome Dove Trail, Hurst

LoDo Trail Partners bought this 2,376-square-foot office building in the Lonesome Dove Office Park. LeAnn Brown and Debra Perryman of Silver Oak Commercial represented the seller, Applied Critical Care Sciences. Russ Webb of Silver Oak represented the buyer.

1401 E. Dallas Road, Mansfield

Dometic Corp. leased 38,800 square feet of warehouse space from Conti Broad Street. Kevin Santaularia and Susan Singer of Bradford Commercial represented the tenant. Ryan Wood of Conti Warehouses represented the landlord.

Sandra Baker, 817-390-7727

Twitter: @SandraBakerFWST

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