Tag Archive for: property

Shuttered DFW country club to get new life after 149-acre property is purchased

Northern said East Fort Worth has been traditionally neglected by developers, but that he views this development as a good opportunity to create change.

A closed country club in East Fort Worth remembered by local business owners and officials as an area jewel might see new life after a real estate group bought the golf course and surrounding land in a foreclosure auction.

Will Northern, a former Fort Worth zoning commission chair, manages the limited partnership that purchased the 149-acre golf course and clubhouse formerly known as Woodhaven Country Club. The group, Woodhaven, Concerto No. 1, LP, also bought 14 acres of commercial land across three parcels during a May 7 foreclosure auction.

Tarrant County documents show Woodhaven Country Club LLC defaulted on a $12 million loan. Northern said his group bought the notes — meaning it assumed the debt — and then pursued foreclosure.

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Source: WFAA

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1,300-acre Sugaree Ranch seeks a buyer

The ownership partnership behind the 1,300-acre property is currently seeking offers for both the purchase of the entirety of the land or even subdivided parcels.

Situated a little over an hour southeast of Dallas in Athens is Sugaree Ranch.

The ownership partnership behind the 1,300-acre property is currently seeking offers for both the purchase of the entirety of the land or even subdivided parcels.

It’s one of the largest pieces of land of its kind that remains intact so close to an expanding city like Athens, according to the broker marketing the property, Icon Global’s Bernie Uechtritz.

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Source: The Dallas Morning News

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More property investors expect to be active this year, lured by price changes

Among investor types, developers, private equity funds, real estate funds and real estate investment trusts are expected to be particularly active this year.

Despite challenging conditions, U.S. real estate investors are planning to return to the property market this year with a preference for cities with an established track record of increasing value.

More than 60% of investors expect to add to their property portfolios, according to CBRE’s 2024 U.S. Investor Intentions Survey. That’s a sharp pivot from last year, when only 16% of investors planned to buy real estate.

About 87% of investors said higher-for-longer interest rates were their biggest concern this year when it comes to real estate, followed by tighter credit availability and loan terms, as well as differing price expectations of buyers and sellers.

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Source: CoStar

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Castle home, wedding venue overlooking lake hits the market for $5.5 million

The Parsons Castle in Bosque County is a lakefront castle just over an hour’s drive from Dallas and Fort Worth now on the market for $5.5M

A lakefront castle just over an hour’s drive from Dallas and Fort Worth is on the market for $5.5 million.

The property, at 119 Private Road 1820 along Lake Whitney near Waco, was listed Nov. 10. The castle, named the Parsons Castle after its owners, is in Bosque County with a Clifton address.

The castle, which has 10 bedrooms, 15 bathrooms and more than 11,000 square feet of space could be used either as a weddings and events venue or a primary residence.

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Source: The Dallas Morning News

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Everything is bigger in Texas? Not so, as these 3 tiny homes wow real estate market

"Everything is bigger in TX,” but a trio of homes with interiors that burst with elegance has landed on the real estate market in Ranger for $650,000

Sure, the good ol’ saying straight from the Lone Star State is that “everything is bigger in Texas,” but a trio of homes with interiors that burst with elegance has landed on the real estate market in Ranger for $650,000.

While that might seem pricey to some, the homes come on 10-acres of pristine land, complete with scenic views.

“Boasting over 3,300 acres in the community, this property perfectly blends nature, luxury, and comfort,” the listing on Collin-Roberts.com says. “The highlight of this property is the three, as seen on HGTV, Nomad Tiny Homes, custom-built and fully furnished.”

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Source: Fort Worth Star-Telegram

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Real estate agents: These will be the best states to buy property in the next decade

Real estate is an investment that’s why it’s so important to think about not just when and what you’re buying, but the location.

Real estate is an investment, even if it’s not a commercial property but rather a residential one. That’s why it’s so important to think about not just when and what you’re buying, but the location.

After all, where you purchase a home could greatly influence the property’s ability to appreciate over time. Plus, if you’re like most people, you’re going to want a place with great weather, schools, job opportunities and, of course, decent tax breaks. You may also be looking for a place with a social and political climate that matches your own values and beliefs.

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Source: GO Banking Rates

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Dallas Design District property sells to North Carolina investor

Asana Partners purchased the International on Turtle Creek showroom and office complex on Irving Boulevard.

A North Carolina-based real estate firm that’s made several North Texas purchases has acquired a large property in the Dallas Design District.

Asana Partners purchased the International on Turtle Creek showroom and office complex on Irving Boulevard. The 155,000-square-foot complex is in an area seeing rapid redevelopment.

International on Turtle Creek is one of the largest and most successful redevelopment projects in the Design District. Built in 1949 as a parts warehouse for International Harvester, the sprawling warehouse building along Irving and Turtle Creek boulevards was converted in 2005 into new spaces for furnishings, creative and design firms.

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Source: The Dallas Morning News

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