🏈Cowboys sued; FW influencer dishes it; skating ahead🛹...

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🗞️NEWS OF THE DAY:

PNC Bank has signed a lease for 15,000 square feet of office space at Crescent Real Estate's mixed-use development at 3230 Camp Bowie Blvd. PNC joins Goff Capital, an affiliate of Fort Worth-based Crescent Real Estate, which is the developer of the Fort Worth project, and a growing roster of other tenants at the property. Other tenants include Pegasus Resources, Pheasant Energy, Contango, Royal Bank of Canada, Raymond James, Satori Capital and Duro Restaurant.

Kimbell Royalty Partners has acquired mineral and royalty interests in the Permian Basin and Mid-Continent from a private seller for $455 million. It is entitled to all production cash flow from June 1 forward. KRP went public in 2017. It was founded in 1999 by Robert Ravnaas and Brett Taylor, with the Kimbell Art Foundation and Ben Fortson as anchor partners.

DFW claimed 24 companies on the Fortune 500 list of the country’s largest firms for 2022 released Monday. Here’s who made the cut from Tarrant County, their ranking and annual revenue:

• #89, American Airlines Group (Fort Worth), $48.971 billion

• #120, D.R. Horton (Arlington), $33.48 billion

• #175, Charles Schwab (Westlake), $22.307 billion

Congratulations: The Fort Worth Hispanic Chamber of Commerce, founded in 1973, celebrates its 50th anniversary Saturday. The Chamber, led by Anette Soto Landeros, includes approximately 750 businesses as members.

Developer JPI plans to bring a 398-unit multifamily community to east Fort Worth, as reported in the Dallas Business Journal. The development at 8101 Ederville Road, will include units with garages and a 13,000-square-foot clubhouse, according to a filing. The filing lists construction costs at almost $17 million. With groundbreaking slated for later this year, the project should deliver by 2025.

David Bonderman, co-founding partner of TPG Inc., will receive the 2023 Fort Worth Business Executive of the Year on Nov. 7 during the 53rd Fort Worth Business Hall of Fame event.

Front Row Technologies has sued the Dallas Cowboys, alleging that wireless network technology at AT&T Stadium that allows patrons to obtain location-based services on a mobile app, including seat-tracking and guidance towards concession stands, infringes on its patent.

Who (else) you gonna call? Remember when we mentioned MedStar's shortfall in revenue to cover costs since Covid-19? It appears Fort Worth’s city council will vote for $4.2 million of transitional funding in its new 2024 budget. It would be the first money from the city that the area’s ambulance service would receive in more than a decade.

The number of registered electric vehicles in north Texas has increased by 63% between August 2022 and August 2023, according to data from the North Central Texas Council of Governments. However, electric vehicles make up only 1.21% of all registered vehicles in the region, according to Dallas-Fort Worth Clean Cities.

How "smart" is the North Texas Innovation Alliance (NTXIA)? It works with 40 municipalities, agencies, corporations and academic institutions across North Texas to connect disparate tech efforts.

The price of gas is putting a hurt on profits for American Airlines. It cut its third-quarter adjusted profit forecast to 20-30 cents per share from a range of 85-95 cents.

This month’s tax tip: When does depreciation begin? According to CPA Patra Francis depreciation begins not when you use an asset but when it’s ready and available for its intended purpose. For instance:

• A rental property begins depreciating when it’s available to rent, even if it hasn’t been rented yet.

• A farming tool is set to begin depreciation when you receive it, regardless of when you’ll use it.

• A business vehicle begins to depreciate when bought for business purposes, even if not driven yet.

☑️TODAY IN HISTORY (September 15):

• 1982: First issue of USA Today published by Gannett Co.

• 1996: Texas Rangers retire their first number: Nolan Ryan’s #34

• 1997: Google.com is registered as a domain name

👢👢PEOPLE ON THE MOVE:

• Radical: Announces Megan Cano Dobbertien as Senior Director of Marketing

• Eco Material Technologies: Names Chris Bigoness as Fleet Manager

• Creative Collaborator: Launched by Holland Sanders

• Roadrunner 2.0: Hires Christiana Bentley as Account Executive
  Slate Consulting Group: Hires Mystica Jacob as Procurement Manager

✂️SNIPPETS:

• A 3% mortgage rate in a 7% world? This startup says it can do that.

• Car insurance rates just had their biggest annual jump in 47 years. Here’s why. (CNN)

• Your time is up: The most (and least) expensive states to die in, ranked. Spoiler alert – Texas is #42.

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