Business

Apartment rent growth slowed slightly in April

The Fort Worth-Arlington metro area in April saw slight declines in apartment rent growth, according to the latest Axiometrics market report.

Fort Worth’s rent growth was 6.2 percent in April, down from 6.9 percent in March. Fort Worth renters paid an average of $914.25 for their apartments, compared to $1,024.57 in Dallas.

Stephanie McCleskey, Axiometrics vice president of research, said 301 new local units were completed in April. Fort Worth apartments were 95.4 percent occupied, slightly above the national average of 95 percent for April.

Commercial construction contracts decline

The value of commercial construction contracts for North Texas fell 30 percent in April, according to the latest Dodge Data and Analytics market report.

Contracts totaled $272.2 million for the month, compared to $386.4 million a year ago.

Residential construction contracts totaled $781.9 million in April, up 4 percent from $751.5 million in April of 2014.

For the first four months of 2015, commercial contracts totaled $973 million, down 6 percent from $1 billion in the same period a year ago.

Residential contracts totaled $2.3 billion, up 7 percent from $2.1 billion in the first four months of 2014, the report shows.

Transactions

12208 S. Pipeline Road, Euless

Walking T Ranch sold 2.4 acres to Epic Pavers for a new headquarters. Theron Bryant and Casey Tounget with CBC Alliance DFW represented the seller. Chris Mendez with CBC Alliance DFW represented the buyer

5521 Bellaire Drive, Fort Worth

Dr. Kevin Altieri leased a 2,250-square-foot office in the Bellaire Professional Building. Kirk Kelly with Transwestern represented the landlord.

1100 E. Lancaster Ave., Fort Worth

Fortex Partners sold a 9,800-square-foot industrial building to Bandoola Pharmaceutical. Jim Sager with Transwestern represented the buyer.

Interstate 30 and Green Oaks Road, Fort Worth

Burlington Coat Factory has leased a 55,000-square-foot spot in Ridgmar Town Square. Scott Rose with The Retail Connection and Earl Harris with EKH + Partners represented the landlord, RPI Green Oaks, Ltd.

996-998 Winscott Road, Fort Worth

Trinstar Holdings has sold a 3,295-square-foot building to Animal Doctors of North Texas. Olga Clayton with Ebby Halliday Realtors represented the buyer. Nathan Vasseur with Vasseur Commercial Real Estate represented the seller.

1120 S. Blue Mound Road, Saginaw

Spartan Designs leased 3,000 square feet with Cheyenne Leasing & Materials Co. Sarah LanCarte and Todd Hawpe with Transwestern represented the landlord.

7771 E. Southlake Blvd., Southlake

Millennium Closing Services has leased 8,756 square feet of office space. Lisa Amend with Champions DFW represented the landlord.

407 S Pearson Lane, Southlake

Cameron Gray bought two buildings totaling 18,187 square feet for a Crossfit training and cheerleading/gymnastics facility. The Matthews Commercial Group represented the seller, CCSBI, Inc.

Sandra Baker, 817-390-7727

Twitter: @SandraBakerFWST

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