❎Arlington ranks No. 9 + Eastchase Market sold

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🗞️NEWS OF THE DAY:

ShopCore Properties has sold Eastchase Market, a 261,730-square-foot retail center south of I-30 at Eastchase Parkway. The buyer, Leeton Real Estate, financed the purchase with an $11.7 million loan from Park Circle Financial, according to CommercialEdge data. JLL represented the seller. The center, 91.9% leased, has AMC Theatres, Ross Dress for Less, Spec’s, Big Lots, Harbor Freight Tools, Marshalls, Target and Aldi.

Medical cannabis supplier Texas Original opened its first permanent pickup location at 760 Airport Fwy. #300 D in Hurst. The store provides products to patients through the Texas Compassionate Use Program (CUP).

Fort Worth City Manager David Cooke lauded for new "lab."

The top complaints in neighborhoods across America: A study by Regional Foundation Repair combed through posts and comments on the neighborhood app Nextdoor in 50 of the nation’s largest cities. Arlington ranked #9 for most complaints about barking dogs, while Fort Worth was the city with the fewest. The cities with the most and least complaints about feral cats, animal waste, traffic, parking, construction and noise can be found here.

All those paint cans spotted along the east exterior wall of Blue Mesa Grill on Carroll Street in Fort Worth belong to local artist Billy Hassell, renowned for his Southwestern artworks. Hassell is creating a huge, vividly colored mural in his signature style to feature Texas flora and fauna. A forthcoming unveiling, promises Blue Mesa owner Liz Baron, will also be a fundraiser for the Big Bend Conservancy, which the artist actively supports.

We work remotely at 817 Biz. Though it doesn't focus as much on building "community" as does Ensemble Coworking, the city, through Accelerate Fort Worth Foundation, offers co-working space for as little as $50 a month. Private suites start at $500 a month. It's located off the access road of I-35 at the southwest corner of the Rosedale exit. Among the amenities: two breakrooms, a conference room, an event room, a podcast studio, and free parking.

The retirement tax break that ends the fear of outliving your 401(k): Starting this year, Americans can use up to $200,000 of their retirement accounts to purchase qualified longevity annuity contracts. The new contribution limit, set by Congress, is up from $145,000 or 25% of your balance, whichever was lower. Reducing the balance of your retirement savings cuts down the size of the required taxable withdrawals retirees must take starting at age 73. The drawbacks to the QLACs are the upfront cost and that if an emergency occurs and you need money before the beginning of payouts. (WSJ gift article)

Today in history (1985): Michael Jackson buys ATV Music (including publishing rights to most of the Beatles song catalog) for $47.5M; 10 years later he sells 1/2 of his interest to Sony for $150M. Ironically it was former Beatle Paul McCartney who had advised the King of Pop in 1983 to invest some of his wealth in music publishing.

Housing costs represented 90% of the July 3.2% year-over-year rise in inflation measured by the consumer price index.

According to a recent filing, Deloitte University in Westlake is planning a renovation at an estimated cost of $10 million. Work is projected to be completed January 1, 2024.

👟👟PEOPLE ON THE MOVE:

• Aspen Wealth Management: Hires Troy Fore, III as a Senior Planning Associate

• Fort Worth Report: Hires Babs Rodriguez as Content Editor

• DCStrategies: Deborah Karanges Connor launches contract Sales & Marketing firm

• Lincoln Property Co.: Names Christy Ingle Chief Marketing & Communications Officer

• Farmer Brothers: Announces VP of Finance Brad Bollner will be interim CFO

• Tarrant Appraisal District: Offers vote of confidence to Chief Appraiser Jeff Law

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