Author: Gabriel Stanton

What housing shortage? This Fort Worth development is bucking the national trend | Fort Worth Star-Telegram

What housing shortage? This Fort Worth development is bucking the national trend | Fort Worth Star-Telegram

Not long ago, when travelers ventured beyond Loop 820, the skies opened and cattle bedecked the landscape, forming a veritable gateway to rural West Texas.

Today, that area of far west Fort Worth is quickly becoming one of the most popular residential developments in North Texas.

The Walsh area, about 14 miles west of downtown Fort Worth, is bucking a national trend. While the rest of the United States is coping with a housing shortage that is driving up prices and forcing some prospective buyers to wait, Walsh is building houses at a rate of about one per day.

Walsh features 11 square miles that used to be part of the family owned Walsh Ranch. It straddles Interstates 20 and 30, wedged between west Fort Worth’s older neighborhoods and Aledo.

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Today, Walsh is attractive not only for the wide range of homes — with 12 builders offering structures ranging from the upper $200,000s to nearly $800,000 — but also for the amenities, said Tony Ruggeri, co-chief executive of developer Republic Property Group.

The neighborhood is expected to eventually be home to roughly 50,000 people, although full build out could take up to 50 years. But residents who have already bought property can already enjoy many of the master-planned amenities.

Recently, the doors opened on a community room known as a "Makerspace," which features a variety of heavy-duty woodworking tools, 3D printers and other equipment available for free use by residents. Several pools, a beach volleyball area and water park features will be added later this year.

The idea is to give residents the tools to help their children learn skills previous generations got from wood shop class or perhaps a robotics club, Ruggeri said.

"We take very seriously the responsibility for creating a lot of childhood memories," Ruggeri said Tuesday during a tour of the area. "We know people want their kids to have more than just memories of going everywhere in a car. People want to experience things outside, and to have access to the tools they need to make things."

In its first year, Walsh has sold 171 homes, including 34 homes for which the sale has been closed and residents have already moved in. About 60 more homes are slated to close in the next 90 days, Republic Property Group officials said.

The development is marketed not only to young parents looking for a safe, yet outdoorsy place to raise their children, but also empty-nesters looking to downsize without sacrificing quality in their neighborhood of choice, co-CEO Jake Wagner said.

Caroline Revard is one of the first home owners in Walsh development, an area of west Fort Worth that developers say will eventually have more than 50,000 residents. McClatchy

The first phase of the project is on 1,700 acres, and within five years an estimated 4,000 to 5,000 people could leave in the area, Wagner said.

In all, the Walsh development will be 7,200 acres, including commercial and retail development. The Aledo district’s Walsh Elementary School is already open in the center of the development, a short walk from a Walsh Village Market that serves as a gas station and convenience store with healthy snacks and ready-made meals.

"In 10 years, this will be a city in itself," said Caroline Revard, one of the first home buyers in the area.

A fitness center is already open as well, with a variety of exercise machines, free weights and an enormous area for Pilates, yoga and cardio workouts.

Nationwide, real estate analysts are predicting one of the weakest spring selling seasons in recent years. It’s a crucial time for the industry, since 40 percent of home sales take place between March and June, according to the National Association of Realtors.

As Fort Worth prepares for an influx of new residents — with today’s population of about 850,000 expected to swell to nearly 1.5 million by 2040 — Walsh is expected to be a bell cow for neighborhoods wishing to lure upper-middle income and wealthy residents.

New homes at Walsh development in Fort Worth, TX, Tuesday, March 27, 2018.

Max Faulkner mfaulkner@star-telegram.com

Walsh was designed to preserve the rolling hills native to the area, and is organized so that residents have easy walking access to one of three parks.

Also, the entire area is being wired for 2 gigabit Internet speed — faster than surrounding areas — and residents and businesses will have an option to tap into 10 gigabit service. A company known as Frog is installing the fiber optics.

Tony Ruggeri, Co-CEO RPG, holds an laser etching made in the new "MakerSpace" building at the Walsh development in Fort Worth, TX, Tuesday, March 27, 2018.

Max Faulkner mfaulkner@star-telegram.com

The area, which is in the Aledo school district, will eventually have its own middle and high schools.

Walsh is being built in a cooperative effort that involves the Walsh family, which still lives in the area and owns ranch land, and Republic Property Group. Republic also developed Frisco’s Phillips Creek Ranch and Celina’s Light Farms and is working on Plano’s Villas at Legacy West. The partners formed Quail Valley Land Co. for the Walsh project.

This report includes information from the Star-Telegram archives.

Gordon Dickson: 817-390-7796; @gdickson

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$200K to $2M: How much home can you afford in Plano?

$200K to $2M: How much home can you afford in Plano?

NOTE: This is the second of a series over the next week looking at how much home your money can buy in Collin County.

From a top-tier school district to an expansive food hall to multiple headquarters, Plano is giving homebuyers plenty of reasons to head to Collin County.

The city has long been home to big businesses like J.C. Penney and Frito-Lay, but in recent years it has also attracted the North American headquarters for Toyota, as well as massive corporate offices and regional campuses for companies like Fogo de Chão, FedEx Office, JPMorgan Chase, Liberty Mutual Insurance and Boeing.

That’s thanks largely to the construction of Legacy West, a $3.2 billion mixed-use development on Plano’s west side. Developed by Fehmi Karahan, the 225-acre project is home not only to offices, but hotels, residences and plenty of retail and restaurant options, like a Tesla showroom, a Del Frisco’s Double Eagle Steak House and Shake Shack.

Legacy Hall, North Texas’ first European-style food hall, also opened at the development in December. The three-story, 55,000-square-foot hub features 22 food stalls, half-a-dozen bars and a brewery.

“The experience that our environment offers is second to none, anywhere in Texas. We have the best dining choices for all budgets and tastes, and a broad selection of marquis retailers,” Karahan said in a prepared statement. “Blending these shopping and dining venues with our residential and office tenants makes Legacy West the premier ‘live/work/eat/play/shop’ destination in Texas.”

It’s also helped make Plano a top live/work/play destination in North Texas. Residents are flocking to take advantage of its amenities. Between 2010 and 2015, the city saw a 9.1 percent population spike.

The growing populations is leading to an increase in housing prices. According to Tommy Wooten, realtor associate and team leader with Joe Atkins Realty-North, only two homes in Plano are available for less than $200,000.

And for buyers looking for a something for under $300,000, expect a three-bedroom, two-bathroom home built in 1981. Newer, larger homes are going for higher prices due to demand.

That’s why Wooten is encouraging those interested in moving to Plano to act fast – prices won’t be going down.

“I advise people not to wait for a market crash,” he said. “It’s not happening unless there is some unforeseen international or national crisis.”

See how much home you can buy between $200,000 and $300,000 in the slideshow below. For homes priced above that, click here to see how far your money goes in Plano.

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Or if you’re looking for an ultra-luxury residence, check out this 14,279-square-foot Plano home previously listed for $7 million. Located on Old Gate Road, the property is headed to auction in April. It boasts heated pools, a professional tennis court and more.

RELATED: See how much home your money can buy in Frisco.

RELATED: Selena Gomez puts Fort Worth mansion back on market.

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Apartments on the way in next phase of Plano’s Legacy Central project

Apartments on the way in next phase of Plano’s Legacy Central project

Legacy Central – the $300 million reboot of Texas Instruments old Plano campus – is breaking new ground with apartment construction.

Developer Trammell Crow Residential has started work on the first rental units in the 84-acre mixed-use project at U.S. Highway 75 and Legacy Drive.

The apartment development at the south end of the project is part of Los Angeles-based Regent Properties plan to give new life to the old tech campus.

Regent Properties has already remodeled the first of four old TI buildings into new office space and is building a parking garage.

Along with the offices, Plano officials okayed zoning for almost 700 apartments, retail space and a hotel in the project on the west side of U.S. 75.

The first 385 Crow Residential apartments are being built on what was previously a surface parking lot.

“We should deliver the first apartment units in late summer or early fall of 2019,” said Crow Residential’s Matt Enzler.

The 5-story, urban style apartment village will be one of the most visible changes to the former TI site, which was built starting in the 1980s.

Regent Properties bought the 1 million-square-foot campus in early 2016.

The new owners have added huge murals to the existing buildings, put in landscaping to update Legacy Central.

A conference center and fitness facilities have been added.

Office buildings in the Legacy Central project have been redone for new business tenants.

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Marcus Hiles – Texas Rental Market: How Developers are Keeping Up and Keeping Rent Down for The Population Boom

Marcus Hiles – Texas Rental Market: How Developers are Keeping Up and Keeping Rent Down for The Population Boom

DALLAS, March 14, 2018 — With over half a million new residents coming to Texas each year, the area’s housing options are shrinking and forcing new development to keep up. In fact some of the top Texas metros and their surrounding areas including Dallas have held some of the largest increases in new residential and commercial construction growth across the nation in recent years.

Marcus Hiles is a Dallas Fort Worth-based property developer

With this demand for housing seemingly outweighing the available properties in the state’s most desired city and suburban locations, an influx in both rental costs and home market appreciation is on the rise. Developers and property firms are more focused than ever on breaking new ground to make room for new and relocated renters and buyers.

One of DFW’s leading property development firms, Western Rim Properties is focusing its expansion in some of the state’s top surrounding city locations with nine new projects coming in 2018 to areas like Rowlett and Farmers Branch. With its communities serving the growing need for affordable rental properties that provide some of the area’s highest quality accommodations, the development locations are also positioned where the market is headed – just outside of Texas’ city centrals.

The cause for this shift in growth headed to the city outskirts is a direct reflection of the population boom and underdeveloped housing availability. Price spikes and limited inventories are pushing residents to explore new locations.

Take one of the state’s leading metro areas DFW, which had the highest jump in rental prices in Texas growing 3.8% in 2017 – double the national median increase that was reported at 1.9% in Zillow’s annual rental forecast report.

With a booming economy and job market that helped land Dallas as one of the top 10 home markets in the nation, it’s no surprise costs are increasing in the city and more people are looking for affordable alternatives near this leading location.

Recent reports have even shown the majority market of new home buyers and renters – millennials – are headed for popular Texas suburbs over its city centrals. “The rental communities of today’s generations provide city-like amenities and top of the line accommodations. Along with close proximity to cities and thriving job markets, these suburban developments are giving renters what they’re after,” shares Marcus Hiles, CEO and founder of Western Rim Properties.

The Texas community as a whole is starting to adapt this forward thinking approach as new businesses are relocating and expanding to areas outside of the city focused on growth. Among the leaders, McKinney, Plano and Allen.

It seems the state is bringing change that will soon be the standard in many major metro areas. Residents and businesses are investing where the opportunity is and it’s opening up a new market for all.

Twitter: https://twitter.com/marcus_hiles
LinkedIn: https://www.linkedin.com/in/marcus-hiles
Instagram: https://www.instagram.com/marcus.hiles/
Crunchbase: https://www.crunchbase.com/person/marcus-hiles

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/90221841-58b5-4010-afcc-2f687fe14e64.

Marcus Hiles
media@marcushiles.net

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BG Staffing revenue rises 18% in Q4

BG Staffing revenue rises 18% in Q4

Revenue at BG Staffing Inc. (NYSE MKT: BGSF) rose 17.8% in the fourth quarter and gross margin improved. The Plano, Texas-based staffing provider recorded the impact of the Tax Cuts and Jobs Act resulting in a re-measurement of its net deferred tax assets, which had a noncash negative impact on fourth quarter and annual net income by $3.3 million.

(US$ thousands) Q4 2017 Q4 2016 % change Revenue $75,701 $64,279 17.8% Gross profit $19,255 $15,110 27.4% Gross margin 25.4% 23.5% Net loss/income ($875) $2,304 nm

BG Staffing provides staffing in three segments: professional, commercial and multifamily (front-office and maintenance personnel to the multi-family housing industry).

Quote

“I’m extremely proud of our 2017 financial results — they are a reflection of BG Staffing’s unique value proposition, the solid performance from our recent acquisitions, and our disciplined approach to cost control,” said President and CEO L. Allen Baker, Jr. “We met or exceeded our goals in every significant category. I want to thank our team and customers for helping us achieve another record year. I believe that 2018 will also be another impressive year.”

Full-year results
(US$ thousands) 2017 2016 % change Revenue $272,600 $253,852 7.4% Gross profit $68,402 $60,073 13.9% Gross margin 25.1% 23.7% Net income $5,848 $6,882 -15.0%
Share price and market cap

Shares in BG Staffing rose 2.52% to $17.09 as of 1:17 p.m. Eastern time today. The company had a market cap of $149.70 million.

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Autopsy: Plano Gunman Was Extremely Drunk When Killing 8 People

Autopsy: Plano Gunman Was Extremely Drunk When Killing 8 People

Plano police say eight people have been killed inside a Plano home along West Spring Creek Parkway. Officers say they shot and killed the suspected gunman when they arrived on scene, Sunday September 10, 2017

A medical examiner says a North Texas man had a blood alcohol level four times the state’s legal limit when he drove to his estranged wife’s home and fatally shot her and seven other people last year.

In an autopsy report issued Monday, Dr. William Rohr, of the Collin County medical examiner’s office, said 32-year-old Spencer Hight had a blood-alcohol level of .33 percent during the Sept. 10 incident in Plano.

The legal limit for intoxication in Texas is .08 percent.

Authorities say Hight opened fire at the home, where friends had gathered for a football watch party. Hight’s 27-year-old estranged wife, Meredith Hight, was fatally shot along with seven others. They were identified as 33-year-old Anthony “Tony” Michael Cross; 24-year-old Olivia Nicole Deffner; 29-year-old James Richard Dunlop; 22-year-old Darryl William Hawkins; 31-year-old Rion Christopher Morgan; 28-year-old Myah Sade Bass and 25-year-old Caleb Seth Edwards.

Newly released documents reveal more details about the mass shooting earlier this month in Plano that left nine people dead, including the shooter.

(Published Tuesday, Sept. 26, 2017)

Officers who responded to the incident fatally shot Spencer Hight. A Collin County grand jury later cleared officers in the shooting.

Spencer Hight was seen at a bar near the home before the killings, according to search warrants obtained by NBC 5.

Two bartenders reported seeing Spencer Hight with a knife and pistol, and he was asked to put the weapons in his car. When a bartender walked him outside, he was reportedly told by Hight to turn away so he didn’t see what was in Hight’s trunk.

Shortly afterwards, Spencer Hight drove to his estranged wife’s home.

According to documents, Spencer Hight was found with a rifle in a sling across his body, a handgun in his waistband tucked into his pants and a large knife.

Detectives also found numerous rounds of ammunition and magazines inside the home.

The mother of a victim in Sunday’s mass killing in Plano says her daughter was trying to build a better life.

At his apartment, investigators seized hundreds of rounds of ammunition, a high-powered munition launcher, a rifle, marijuana and mushrooms.

The documents also detail a first-hand account of the shootings from a 23-year-old woman who was at the home at the time and survived.

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JCPenney Shines with Exclusive Styles of Girls’ Apparel Dedicated to Nickelodeon Star JoJo Siwa

JCPenney Shines with Exclusive Styles of Girls’ Apparel Dedicated to Nickelodeon Star JoJo Siwa

“JCPenney introduced JoJo’s trademark hair bows to its girls’ assortment last fall and we were blown away by the response. By creating a comprehensive destination for specially-designed JoJo Siwa apparel and other related merchandise, JCPenney has an opportunity to reach an entirely new customer who loves her confident and upbeat personality,” said James Starke, senior vice president of merchandising for JCPenney. “This young generation of shoppers holds an unprecedented influence over family purchasing decisions and by bringing brands to JCPenney that appeal to this demographic, we can introduce her, and her family, to our store.”

The collection of JoJo Siwa apparel at JCPenney is inspired by Siwa’s positive messages and incorporates bright colors, sequins and hair bows for young girls, in sizes 4 to 12. Shoppers will find fun, age-appropriate looks including bow-adorned tank tops, pink tutu skirts, ruffle dresses and satin bomber jackets with Siwa’s signature bow print. Sale prices include $15.99 for a sequin pocket tee, $21.99 for leggings and $31.99 for a jean jacket with satin patches. In addition to the retailer’s unique apparel collection, shoppers will also find a robust assortment of JoJo Siwa merchandise, including a hot pink, emoji-decorated comforter set, a bow-shaped decorative pillow, a singing JoJo doll and knee-high bow socks.

“From school to the mall and everywhere in between, girls will feel strong and confident when they are rocking a JoJo outfit,” said JoJo Siwa. “My new styles at JCPenney are fun and colorful and I can’t wait to see girls rocking them.”

Siwa is the star of Nickelodeon’s Lip Sync Battle Shorties, a social media sensation, singer, anti-bullying advocate and New York Times best-selling author. Her YouTube channel, It’s JoJo Siwa, promotes self-confidence and positivity with 5.6 million subscribers. Siwa’s hit music video, Boomerang, boasts more than 500 million views on YouTube and reinforces her messages of inclusion and friendship. She also has 6.6 million followers on Instagram and 15 million fans on Musical.ly.

To download the news release and access product images, please visit:
https://www.jcpnewsroom.com/news-releases/2018/0126_launches_jojo_siwa_apparel.html

JCPenney Media Relations:
(972) 431-3400 or jcpnews@jcp.com
Follow @jcpnews on Twitter for the latest announcements and Company information.

About JCPenney:
J. C. Penney Company, Inc. (NYSE: JCP), one of the nation’s largest apparel and home furnishings retailers, combines an expansive footprint of approximately 875 stores across the United States and Puerto Rico with a powerful e-commerce site, jcp.com, to connect with shoppers how, when and where they prefer to shop. At every customer touchpoint, she will get her Penney’s worth of a broad assortment of products from an extensive portfolio of private, exclusive and national brands. Powering this shopping experience is the customer service and warrior spirit of over 100,000 associates across the globe, all driving toward the Company’s three strategic priorities of strengthening private brands, becoming a world-class omnichannel retailer and increasing revenue per customer. For additional information, please visit jcp.com.

###

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: J. C. Penney Company, Inc. via Globenewswire

Topic: Press release summary

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Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

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Work In Plano: 540 Maintenance Jobs

Work In Plano: 540 Maintenance Jobs

PLANO, TX — Are you a Mister or Miss Fix It? If you’re good with your hands, reliable and looking to embark on a career in maintenance, construction, home repair or handiwork, Plano Patch Job Board has just the thing for you. With more than 540 open positions in maintenance, ranging from HVAC technicians to auto mechanics, skilled workers in Plano need not look any further.

Top Maintenance Jobs In And Around Plano:

BH Management
Carrollton, TX, USA
$500 Sign On Bonus! (On-Call Every 3 Weeks and HVAC Certification Required ) (3) Weeks PTO in 1st year Paid Holidays Birthday – paid day off Volunteer time off each year …

New! Mid America Apartment Communities
Addison, TX, USA
The Maintenance Technician (Property Management/HVAC)- Temporarily reports to the Property Manager under the supervision of the Service Manager and performs general maintenance and repair to ensure …

Service Express LLC
Dallas, TX, USA
On Site Lube is focused on customer service and specializes in preventive maintenance for utility fleet vehicles. Currently we have an opportunity in the DFW, area. The qualified candidate will train …

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Camelot Facility Solutions
Plano, TX, USA
Camelot Facility Solutions is an established leader in the Facility Management and Maintenance Industry servicing corporate owners and users of real estate. Camelot services Fortune 500 clients as …

Maintenance Tech
Ontrack Staffing Addison, TX
Lewisville, TX, USA
We are looking for this maintenance position to be filled as soon as possible. Pay rate will vary from $14-$18 Pay will be based on: experience, transportation, and if they have their own tools (not …

The Liberty Group
Carrollton, TX, USA
We are currently seeking an Assistant Maintenance Technician to join our team! You will be responsible for completing work orders and other required tasks. Responsibilities: Complete work and …

A List Apartment Staffing
Addison, TX, USA
We have a full time Assistant maintenance position open for an Upscale Double A+ property for a multi-family community, in North Dallas / Addison area. Our ideal candidate will have maintenance …

General Repair and construction
Carrollton, TX, USA
Home repair and building maintenance and repair: Knowledge of some and willingness to learn. Perfect for someone with apartment or building maintenance Responsibilities: * Install new heating …

Laborers – Maintenance
One Elite Staffing
Frisco, TX, USA
Aid in providing professional maintenance on roadways, landscape, turf and associated components within NTTA’s maintenance limits by removing litter/debris, performing activities related to mowing …

Maintenance Technician 2nd Shift
PDQ Skilled Trades
Flower Mound, TX, USA
LEVEL II Maintenance Technician 2nd Shift · Possess the skills and abilities of a Maintenance Technician “Level 1” · Maintain, troubleshoot, PM, and repair all production equipment with minimal …

Plano, TX Job Board

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Plano Wow! House Is A Tribute To Vaulted Ceilings

Plano Wow! House Is A Tribute To Vaulted Ceilings

PLANO, TX — This wonderful, move-in ready home in Plano offers the best of Texas real estate. With vaulted ceilings in nearly every room and a unique layout, the next owner of this home will have plenty of space to stretch out and enjoy the peace of Plano while staying close to what matters. See this listing and thousands more on Realtor.com.

This Gorgeous Goodman home offers a spacious kitchen, five bedrooms, a three-car garage and wonderful outdoor spaces. Warm up in the family room with a gas fireplace, or spend some quality time planting in the back yard’s raised garden beds.

This listing originally appeared on realtor.com. For more information and photos, click here.

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