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- Six Flags Over ...Boston? Polsinelli in FW via Garsek firm; Corsicana is a 'Fun Town'; Unrestricted V-22 not until 2025; FW's newest college football head coach.
Six Flags Over ...Boston? Polsinelli in FW via Garsek firm; Corsicana is a 'Fun Town'; Unrestricted V-22 not until 2025; FW's newest college football head coach.
Converse intelligently about business locally. Get Tarrant County business news before anyone else.
Fort Worth Heritage LLC presented a $630-million plan to the city council to add 300,000 square feet of commercial space, 500 hotel rooms, and at least 295 apartments in the Stockyards just north of Cowtown Coliseum by 2032. The city would purchase two underground parking garages and provide annual grants totaling about $71 million. Fort Worth Heritage is a collaboration between Majestic Realty Co., Hickman Companies, and M2G Ventures of Fort Worth.
North Carolina-based Woodfield Development is planning a multi-family project in north Fort Worth. Located near AllianceTexas, Northwest Village will have two buildings with 455 units occupying approximately 577,000 square feet. It occupies 15 acres of a 50-acre development by Arizona-based Matrix Equities, which will feature commercial space, a park and a small build-to-rent community. Completion is scheduled for 2027.
A $250,000 donation from Fort Worth-based Fun Town RV has jump-started an RV Technician program and construction of a facility to house it at Navarro College in Corsicana, Texas. After opening a store in Corsicana, Fun Town founder and CEO Jarrod McGhee asked his team to “get with the president of the college and their continuing education department and get an RV school built."
Zachary Garsek has joined Polsinelli as a shareholder in its newly launched Fort Worth office, along with counsel Elizabeth Hatch and two associates. Garsek works with clients in evaluating risk, structuring transactions and enterprises, setting strategy, and negotiating and managing through deal closings.
Governor Greg Abbott appointed two judges -- Jerry Bullard and Brian Stagner -- for the launch of the Eighth Business Court Division in Fort Worth, created last year to provide an efficient mechanism for businesses to resolve complex commercial disputes in Texas. Their terms start Sept. 1 and run for two years. Bullard, of Colleyville, is a shareholder and attorney with Adams, Lynch & Loftin, P.C. Stagner, of Fort Worth, is of counsel and a former partner at Kelly Hart & Hallman and an adjunct professor at TCU teaching business law.
Dallas officials voted to put a "pause" on supporting a potential high-speed rail project to Arlington and Fort Worth, expressing concerns over the proposed above-ground alignment. Fort Worth Mayor Mattie Parker had a pointed reaction.
Jerry West, all-time NBA/Lakers great as a player and executive, and Robert Hughes, legendary Fort Worth Dunbar coach and community leader, passed away Wednesday. Both were in the Naismith Memorial Basketball Hall of Fame. Coach Hughes entered in 2017.
Notable and quotable: “You can’t get much done in life if you only work on the days when you feel good.”
The Texas Giant rollercoaster at Six Flags Over Texas in Arlington could be re-named the Boston Giant. The reason is a friendly wager with Six Flags New England related to the outcome of the NBA Finals between the Mavericks and Celtics.
GameStop completed an "at-the-market" equity offering of 75 million shares this week to raise roughly $2.14 billion in gross proceeds. GameStop said it sold the maximum of 75 million shares registered under the program.
Bisnow looks at the TXSE, a stock exchange to be based in Dallas, and if it has the potential to spur more investment and corporate relocation into Texas. Investors have raised $120M to create the exchange and aim to start trading in 2025. Examine the potential impact of “Y’all Street.”
Price Realty scored a $9.2-million Freddie Mac loan through JLL Capital Markets to purchase the 116-unit Monticello Apartments at 154 North Bailey Avenue in Fort Worth.
Writer Gary Leff takes a deep dive as American Airlines flight attendants prepare for a strike and asks, who is winning what?
Commander Vice Adm. Carl Chebi of Naval Air Systems Command: “I will not certify the V-22 to return to unrestricted flight operations until I am satisfied that we have sufficiently addressed the issues that may affect the safety of the aircraft.” He mentioned a mid-2025 timeline for the Bell-Boeing manufacturing team to get clearance.
Tesla shareholders decidedly approved CEO Elon Musk's $44.9 billion pay package. Musk told shareholders he would be sticking around for at least five years; coincidentally, that is the time he cannot sell shares in the compensation package.
The average annual cost of owning and maintaining a single-family home in the U.S. is more than $18,000 a year – 26 percent higher than four years ago, according to a new Bankrate study.
Snippets:
Below is a sampling of topics from this week’s Motley Fool column. To read all the Fool's gold, click here.
Shares in semiconductor company Nvidia have gained more than 70% per year on average during the last decade. A reader’s dumbest investment was selling too soon.
The Fool explains the different types of brokerage orders when buying or selling stocks.
If a company does a reverse stock split, it’s usually a red flag, according to The Fool.
Believe it or not: Texas’ largest property owner hails from the Bluegrass State. Kentucky native and Tennessee resident Brad Kelley owns the largest chunk of Lone Star State real estate, and it isn’t close. The discount-cigarette magnate holds about 940,000 acres, including a ranch half the size of Rhode Island. (TDMN)
Daily digit: 21 cents - Decrease in the average price of a gallon of gasoline in the U.S. between May 6 and June 10, according to the Energy Information Administration.
Announcements:
JPMorgan Chase & Co.: Names Monique Winfree Executive Director—Greater West Market Director.
American Medical Association: Elects Melissa J. Garretson, M.D., Cook Children's, to its Board of Trustees.
Fort Worth Fire Dept.: Fire Marshal Randy Renois retires after more than 30 years.
Family Christian: Adds Crystal Adams as contributing writer.
Kelly Hart: Adds Nick Davis as a Partner in its Litigation Practice area.
Jackson Walker: Adds Patrick Rose as a Partner.
Merriman Anderson Architects: Adds Jenifer Batchelder as Director of Marketing and Cari Walls as Director of Interior and Corporate Architecture.
Texas Wesleyan University: Hires Bradley J Sherrod as head football coach.
GoVision: Hires Matt Ritter as Senior Vice President of Business Development.
HTeaO: Names Kelsey McManemin, Vice President of Marketing; Brittney Burris, Vice President of Store Development; Donnell Ray, Vice President of Retail Stores; Nicole Boyles, Director of Stores.
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