sec

David Peavler (Photo courtesy HD Vest)

The new director of the Security and Exchange Commission’s Fort Worth office is a familiar face, having served at the regional office previously as an associate director.

The agency named David Peavler the new director earlier this month. Peavler served for 15 years in various roles at the regional office’s Division of Enforcement before leaving in 2017 to serve as general counsel to HD Vest Inc.

During his prior stint at the SEC, Peavler led the agency’s efforts in Texas, Oklahoma, Arkansas, and Kansas. His investigations included cases against Royal Dutch Petroleum and The “Shell” Transport and Trading Company, a Ponzi scheme lead by a Houston-area businessman, and a fraud case involving Life Partners Holdings and three of its senior staff.  

“Mr. Peavler was integral to the issuance of the SEC’s Seaboard Report regarding cooperation, wherein the Commission declined to take action against a company in recognition of the company’s response to the conduct at issue,” the SEC’s announcement said.  (more…)

4109 El Campo Avenue is a well done flip by ScoMar Homes of Fort Worth (photos: Tour Max)

Remember the days when every other home in the older neighborhoods used to be a flip?

Many flippers did a fantastic job and took pride in their work.  They were able to take advantage of lower-priced home, did quality work, and were able to sell for a very nice profit.  A flip well done would help revitalize areas and reduce the number of dilapidated homes.

This is 4109 El Campo Ave prior to the flip … spooky!

With the popularity of all the flip shows on television and rising prices in the desirable neighborhoods, the flip opportunities just aren’t there anymore.  It’s a shame.

(more…)

Bradford Park Court

We’ve only been here once before, because Bradford Park Court is about as exclusive as it gets in Fort Worth, and because houses seldom come on the market in this choice haven. In fact, the gated community developed in 1993 consisting of a handful of custom houses, is its own subdivision in a choice Westside location, sandwiched between Westover Hills and Rivercrest. Twenty years have given time for landscaping to mature and has given the homes a patina suggestive of old money.

Situated on a nearly one-acre lot, 2101 Bradford Park Court immediately makes an impression. A gracefully undulating drive wrapping a handsome live oak leads to carved limestone framed entrance. The large residence clocks in at almost 6,700 square feet and has five bedrooms and five full baths with two half baths.

Bradford Park Court

(more…)

Fort WorthFor those that look for character and history when they seek out a place to lay their head, abodes like the loft we found at the Texas & Pacific Lofts in Fort Worth is a great example of what they can find.

The 12-story building, located at 220-221 West Lancaster Avenue, had its first life as the Texas and Pacific Railway Passenger Terminal and corporate offices. Built in 1930 and designed by Wyatt C. Hedrick (who later merged his Fort Worth firm with Sanguinet & Staats), the terminal and offices featured architectural and design details you expect from the 1930s — Zigzag Moderne Art Deco style with marble floors, metal-inlaid ceilings, nickel and brass fixtures, and terrazzo flooring in places as well.

The building fell dormant as travelers left train travel for air and road travel, but by 1978, it was listed in the National Register of Historic Places, and preservationists lobbied in the 1980s to save it from demolition. (more…)

Dallas-Fort Worth

Illustration courtesy Flickr

Dallas-Fort Worth is at the top of a list ranking the best cities for science, technology, engineering, and math jobs, the new home market is percolating in DFW, and we find out where North Texas falls in a look at underwater mortgages and home equity, all in this week’s roundup of real estate news.

Dallas-Fort Worth Tops List of Best Cities for STEM Jobs

Dallas-Fort Worth took the top spot nationally in a ranking of best cities for STEM jobs, AEI Housing Center announced last week. (more…)

Hamilton is a great street in this area

3720 Hamilton Avenue is a hit in the Monticello neighborhood of Fort Worth (photos: Trey Freeze Media)

What do you know about Hamilton? With the recent success of the hit Broadway musical with the same name, we probably know more than Alexander Hamilton knew about himself.  But I’m not talking about that Hamilton.

I’m talking about the new listing at 3720 Hamilton Avenue in the Monticello neighborhood of Fort Worth.

This traditional Colonial-style home sitting on a Double Homesite in one of Fort Worth’s finest neighborhoods

Side Note: Isn’t it funny how cities look to events that happened hundreds of years ago which had zero effect on that city or area for names. For instance, the Monticello neighborhood, Hamilton Avenue … you think there’s a Cowtown neighborhood with a Bowie Avenue somewhere in Virginia?  I doubt it.

Listed by Kendall Karr of Williams Trew Real Estate, this exquisite home of 4,500 square feet built in the Colonial tradition is definitely a home worth seeing.

Hamilton is a fantastic street

There is so much room both inside and outside this home. Truly unique in what it offers buyers.

(more…)

Fort WorthVista Bank named a new president for its Fort Worth market, Cushman and Wakefield announced a new hire, and Governor Greg Abbott named a new chair of the Texas Real Estate Commission.

Grant James

The 107-year-old Vista Bank announced last week that it had hired Fort Worth banking veteran Grant James to head its market there, where he will serve as president.

James has 40 years of industry experience and is a graduate of TCU. His role will include leading a team of bankers there, growing market share through retail and commercial business development, and establishing brand awareness.

“Vista Bank has been focused on growing our presence in the thriving city of Fort Worth over the past several years,” noted Vista Bank President and CEO, John D. Steinmetz. “An experienced and well-respected banker in the Fort Worth community, Grant James is a strategic addition to our leadership team and we are excited to have him.”

James will office at Vista’s Fort Worth location, 1300 Summit Ave.

“As my banking career has progressed over the last 40 years, I’ve become a firm believer in the community banking model,” noted James. “Even in our busy world, each of us has a desire for some degree of personalized attention – in a word, ‘hospitality.’ By delivering traditional banking services with a focus on hospitality, we intend to create unique experiences that clients will feel compelled to share with friends and family.” (more…)

populationTwo out of three of the metropolitan areas that had the largest population growth were in Texas, and three Texas metropolitan areas were in the top 10 nationally, new census figures revealed.

The Dallas-Fort Worth-Arlington MSA topped the nation when it came to numeric population growth, the most recent Census Bureau data revealed Thursday, with a gain of 131,767 in 2018, or 1.8 percent.

Census officials attribute the growth to migration — both domestic and international migration — as well as natural increase (having more births than deaths). In fact, natural increase impacted DFW growth the most, while domestic migration was the largest source in Phoenix.

“One interesting trend we are seeing this year is that metro areas not among the most populous are ranked in the top 10 for population growth,” Sandra Johnson, a demographer in the Census Bureau’s Population Division, said in a statement. “Though no new metro areas moved into the top 10 largest areas, Phoenix, Seattle, Austin, and Orlando all experienced numeric increases in population since 2010, rivaling growth in areas with much larger populations. This trend is consistent with the overall growth we are seeing in the south and the west.” (more…)