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  • Unknown's avatar

    Steve Young 1:04 PM on May 23, 2024 Permalink | Reply  

    Hub Baker champion of Stockyards preservation 

    Hub Baker, champion of Stockyards preservation, has died

    One of the leading voices for preservation of the Fort Worth Stockyards National Historic District, Herbert Ewen Bettis Baker, known by most as “Hub” Baker, has died.

    Baker was 78 and battled leukemia the last two months of his life, according to a post from his son, Joe Hub Baker.

    “Nobody knew he has had a private bout with Leukemia over the last two months. He would never let you know,” the younger Baker wrote. “He was the most loving person I have ever known. He loved to a fault, forgave to a fault and yes, had fun to a fault (but we never cared what those nerds had to say).”

    Baker produced over 2,000 rodeos during his nearly 30-year tenure at Cowtown Coliseum. He also founded the Stockyards Championship Rodeo and was one of the original investors in Billy Bob’s Texas, the iconic country music venue.

    He has served on numerous boards including the Texas Trail Hall of Fame, Texas Rodeo Cowboy Hall of Fame and the National Cowgirl Museum and Hall of Fame.

    Fort Worth City Council acknowledged Baker’s passing during a May 21 meeting.

    Mayor Mattie Parker described Hub as “quite a character,” and described his larger than life impact on Fort Worth’s Western scene.

    “It’s in large thanks to people like Hub that we now entertain over 9 million people in the Fort Worth Stockyards,” she said from the dais.

    The Texas Cowboy Hall of Fame inductee has a long list of professional accolades, but his character is just as impressive as his accomplishments, Billy Bob’s Texas co-owner Pam Minick said.

    “He had the biggest heart of anyone I know. I mean, he genuinely loved people. He loved making sure that people smile. He thought so much of everyone,” she said. “He was very passionate about Western history and heritage. He was a cowboy through and through.”

    Friend, colleague and musician Red Steagall agreed, saying that Baker was like a brother.

    “He was somebody that I looked up to. He was somebody that I enjoyed being with. I talked to him when we were working together,” Steagall said. “He’s very, very strongly dedicated to his family. And, if he told ya that a rooster could pull a freight train, you better find a small harness.”

    Baker served as the general manager for the Red Steagall Cowboy Gathering and Western Swing Festival for 31 years. Even when they disagreed, Steagall said he was always interested in what Baker had to say.

    “He was a decent, kind human being. He was very opinionated, but his obligation to himself was to be opinionated and convicted about his beliefs,” Steagall continued. “I just loved him so much as a friend, as a brother, as a person. He added greatly to my life for the past 40 years. And, I’ll forever be grateful to him.” 

    Baker will be remembered for championing the cowboy way of life, but more importantly, as a family man, Minick said.

    “It didn’t matter if he was in the middle of the biggest deal of his life. He took time for his family, for his two daughters and his son, his grandchildren, his wife,” she said.

    “I think the greatest thing that I can say about him is that he was an amazing family man. And I think that’s, when you’re remembered, that’s even more important than any other legacy that you can leave. The relationship that he had with his children and grandchildren is one to be admired.”

    This story will be updated with more details when the official obituary becomes available.

    Marcheta Fornoff covers arts and culture for the Fort Worth Report. Reach her at marcheta.fornoff@fortworthreport.org. At the Fort Worth Report, news decisions are made independently of our board. Read more about our editorial independence policy here.

    This article first appeared on Fort Worth Report and is republished here under a Creative Commons license.

    Story by Marcheta Fornoff, Fort Worth Report, May 21, 2024

    Steve Young with RE/MAX

     
  • Unknown's avatar

    Steve Young 7:08 AM on May 15, 2024 Permalink | Reply  

    Texas commercial foreclosures up 129 percent 

    DALLAS (Dallas Morning News) – Commercial foreclosures across the state jumped by 129 percent year over year, according to the latest findings from Attom Data Solutions. They increased by 31 percent between February and March alone.

    March 2024 saw 55 commercial foreclosures, according to the property data company’s latest research. That’s compared to 24 in March 2023. The March sum was enough for the fourth-highest in the country behind California (187), New York (61) and Florida (60). Higher interest rates coupled with a tougher lending environment have been the primary catalysts behind the growing number of defaults.

    Steve Young with RE/MAX Office-817-276-5149/Mobile-682-472-6263

     
  • Unknown's avatar

    Steve Young 8:01 AM on May 14, 2024 Permalink | Reply  

    Cook Children’s Considers New Daycare Center… 

    Cook Children’s considers new $37M day care center in Fort Worth’s Medical District

    A new $37 million day care facility could be coming to Fort Worth’s Medical District. 

    Cook Children’s recently submitted preliminary site maps to Fort Worth’s planning staff for a new 3.6-acre day care center at 1701 Pennsylvania Ave. City officials are reviewing the early plans.

    The proposed 70,000-to-95,000-square-foot facility would be about a block away from Cook Children’s Medical Center on Cooper Street and Seventh Avenue. 

    “Cook Children’s is currently in preliminary discussions regarding the potential relocation of Kids’ Place, the on-site daycare shared with Texas Health Harris Methodist Hospital Fort Worth,” a spokesperson with Cook Children’s said in a statement. “As long-term campus plans are explored, details regarding the relocation remain undecided.”

    Cook Children’s acquired the Pennsylvania Avenue property in February 2016. The lot is currently appraised at $148,750, according to the Tarrant Appraisal District.

    Cook Children’s focuses on access to pediatric care for children across Tarrant County. The medical center in Fort Worth is the 10th largest children’s hospital in the U.S. by bed size, with 443 beds. In 2022, the health system reported $1.77 billion in revenue. 

    Construction is currently underway on Cook Children’s Las Vegas Trail Neighborhood Health Center, which is being built in partnership with JPS, as well as a new neighborhood center in northeast Fort Worth. 

    David Moreno is the health reporter for the Fort Worth Report. His position is supported by a grant from Texas Health Resources. Contact him at david.moreno@fortworthreport.org or @davidmreports on X.

    At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. Read more about our editorial independence policy here.

    This article first appeared on Fort Worth Report and is republished here under a Creative Commons license.

    Steve Young with RE/MAX

     
  • Unknown's avatar

    Steve Young 11:04 AM on May 7, 2024 Permalink | Reply  

    This is a Lot of Home for the Money & Owner Financing Available! 

    More info at 5425 Old Blush Web Site and Virtual Tour

     
  • Unknown's avatar

    Steve Young 10:58 AM on May 7, 2024 Permalink | Reply  

    Is This a Good Time? 

    Feeling cramped, ready for an upgrade, or chasing new opportunities? 🏡✨ Whether it’s space constraints, career advancements, or longing for a change of scenery, these 11 signs could mean it’s time to consider a move. Let’s discuss your options and find the perfect place to start your next chapter! #thehelpfulagent #home #houseexpert #house #listreports #timetomove #moveitmoveit #realestate #realtor #realestateagent #icanhelp #happyhomeowners #investment

    Steve Young with RE/MAX

     
  • Unknown's avatar

    Steve Young 3:29 PM on April 30, 2024 Permalink | Reply  

    Texas home sales steady in First Qtr, 2024 

    AUSTIN (Texas Realtors) – The number of Texas homes sold in first quarter 2024 was nearly identical to the total in the first quarter a year ago, according Texas Realtors’ latest Texas Quarterly Housing Report.

    Meanwhile, the supply of homes on the market increased while the statewide median price of $330,950 was 1.6 percent higher than in 2023.

    Median price went up in 19 metros and down in six, and no metro had a median price decrease of more than 2.3 percent compared to a year ago. The biggest increase in median prices were in Odessa (11.2 percent), Midland (9.5 percent), and Texarkana (8.5 percent).

    Months of inventory increased from 2.7 months at the end of the first quarter last year to 3.8 months at the end of the first quarter this year.

    Active listings increased 33.7 percent at the end of the first quarter compared to the end of the first quarter in 2023.

    Homes spent two fewer days on the market statewide compared to the same period last year. Days on the market went up in 16 metros and declined in nine.

    Steve Young with RE/MAX

     
  • Unknown's avatar

    Steve Young 8:31 AM on April 30, 2024 Permalink | Reply  

    Centerpoint office park in Arlington faces possible foreclosure by… 

    Centerpoint office park in Arlington faces possible foreclosure

    An office park near Six Flags Over Texas in Arlington is facing a possible foreclosure after Nashville-based Pinnacle Bank alleged in a Tarrant County court filing that a New York investor has defaulted on a $40 million loan.

    The office park, listed as Six Flags Business Park in Tarrant County records, is a four-building property at 600, 616, and 624 Six Flags Drive and 2401 E. Randol Mill Road. Pinnacle Bank said in the filing, first reported in the Dallas Business Journal, that Liberty Centerpoint LLC, part of New York-based Opal Holdings LLC, defaulted on the loan it made in August 2021.

    Opal Holdings bought the renovated 450,000-square-foot Centerpoint office park from Boston-based Albany Road Real Estate Partners in 2021. Leasing of the property is handled by TXRE Properties. Among the tenants of the office park is the North Central Texas Council of Governments, at 616 Six Flags Drive.

    According to Tarrant Appraisal District records, the total appraised value of the business park is about $43 million, but appraised values often are lower than the sale value of a property.

    The Business Journal reported that a foreclosure auction is scheduled for May 7 and that Austin-based Alan Castetter has been appointed trustee. It is possible an agreement could be reached before that date, however, and stave off a foreclosure.

    Centerpoint is not the only Tarrant County property facing foreclosure proceedings by Pinnacle Bank, which separately alleged that Opal Holdings has defaulted on a $13 million loan involving Fort Worth’s Burnett Plaza, the tallest office tower in the city, at 40 stories. An affiliate of Opal Holdings bought the building in 2021 for $137 million, according to ConnectCRE, a Texas real estate news site.

    Opal Holdings faces other legal challenges with Burnett Plaza, as mechanics’ liens totaling more than $1 million have been filed against the owners by various companies, including Tarrant Construction Services, the Business Journal reported. 

    Opened in 1983, Burnett Plaza is a 1.02 million-square-foot office building at 801 Cherry St. in downtown Fort Worth. 

    According to the Business Journal, Opal Holdings and its related entities alleged in an April 2 lawsuit filed in Tarrant County district court that Pinnacle Bank has tried to force the building into default.

    Commercial foreclosures have been on the rise in Texas after years of poor performance in the office sector led to a wave of recent foreclosures, according to The Real Deal real estate news website. In March, commercial foreclosures in Texas rose by 129% year-over-year and were up 31% from the previous month, Real Deal reported.

    At the Arlington Report, news decisions are made independently of our board members and financial supporters. Read more about our editorial independence policy here.

    This article first appeared on Arlington Report and is republished here under a Creative Commons license.

    Steve Young with RE/MAX

     
  • Unknown's avatar

    Steve Young 2:24 PM on April 29, 2024 Permalink | Reply  

    Just Listed for Sale… 

    I’m delighted to bring this 2-bedroom, 1-bath property in Burleson to the market! Click on the image or contact me directly if you have any questions or want to learn more about the listing details. #newlisting #newlistings #listreports #newlistingsalert #comingsoon #homesintheknow #houseexpert #realestate #realtor #realestateagent #home #house #househunting #newlistingalert #newhomesforsale

    Steve Young with RE/MAX

     
  • Unknown's avatar

    Steve Young 1:48 PM on April 22, 2024 Permalink | Reply  

    Arlington Manufacturing… 

    Satellite communications startup to build Arlington manufacturing hub, bring 3,000 jobs

    Satellite communications startup E-Space is moving ahead with its North American expansion, a project that could bring a minimum of 400 high-tech jobs with an average annual salary of $95,000 within its first five years of operation in Arlington.

    The Arlington City Council will vote on a resolution at the April 23 meeting to authorize Marty Wieder, executive director of the Arlington Economic Develop Corp., to enter a public-private partnership with E-Space and the city of Arlington. That partnership will allow the company to build a headquarters and manufacturing plant at the Arlington Municipal Airport. 

    E-Space is a startup global telecommunications and satellite manufacturer founded in 2022 by satellite communications technology veteran Greg Wyler.  

    At full capacity, the project will create 3,355 jobs and provide over $8 billion in salaries and wages over the 30-year term lease, according to the city’s staff report. 

    By comparison, the Arlington General Motors plant employed over 5,000, paying $471.7 million in taxable wages last year. 

    Soon after the deal, the first phase of construction on the west side of the airport will begin, which will include a manufacturing and office facility of about 250,000 square feet, a 40,000-square-foot hangar, an airport access road and an aircraft parking apron. 

    The startup plans to establish a headquarters and develop a total of 750,000 square feet of manufacturing and office space, with about 2,000 jobs, over a 10-year period. 

    The economic development corporation will contribute up to $50 million from cash and/or proceeds from sales tax revenue bonds toward the project’s development and construction.

    After construction is completed, the economic development corporation will lease the project back to the company for a term of 30 years with two renewal options with a base rent of $2 million per year of occupancy and a 3% increase every five years thereafter.

    While executing the public-private partnership, E-Space will lease initial existing industrial space in Arlington within 90 days to begin building an employment base for research and manufacturing. 

    The company will occupy the industrial space as soon as design and construction begin for its manufacturing and office facility, the first phase of which is estimated to be completed by late 2026. 

    E-Space has about 95 employees in offices in Beverly, Massachusetts, and Saratoga, California, and is backed by Prime Movers Lab, a company that invests in scientific startups. 

    The city recently acquired the operations at Arlington Municipal Airport, a move expected to boost the airport’s economic impact. The city said it split costs with the Arlington Economic Development Corp., which contributed $9.5 million to the acquisition. 

    Texas has a high concentration of aviation, aerospace and defense-related manufacturers. According to the Texas Economic Development Corp., the state has 266 aerospace-related manufacturers that employ more than 48,000 workers, with an average salary of $108,420.  

    This is a developing story that will be updated. Please check back for the latest at ArlingtonReport.org.

    Dang Le is a reporting fellow for the Fort Worth Report. Contact him at dang.le@fortworthreport.org or via Twitter

    Bob Francis is business editor for the Fort Worth Report. Contact him at bob.francis@fortworthreport.org

    At the Fort Worth Report, news decisions are made independently of our board members and financial supporters. Read more about our editorial independence policy here.

    This article first appeared on Arlington Report and is republished here under a Creative Commons license.

    This Article from The Fort Worth Report

     
  • Unknown's avatar

    Steve Young 9:22 AM on April 20, 2024 Permalink | Reply  

    Price Reduction, West Arlington, Huntwick! 

    Listing Offered and managed by Steve Young with RE/MAX

     
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