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The majority of a Victory Park condo project was sold back to its lender for $32 million on Tuesday, along with a nearby retail site for $3.5 million at Tuesday's foreclosure auction in Dallas County.
German-based lender HSH Nordbank AG purchased the project's 112 remaining condos at Continental Avenue and Houston Street and a 24,000-square-foot retail site on Houston Street.
HSH Nordbank was seeking repayment on the 112 units in the condo tower and retail site for $79 million in debt and $6.5 million in debt, respectively...
Dallas’ Valley View Center wasn't sold at Tuesday's Dallas County foreclosure auction and will likely be reposted at the March 6 auction.
The 1.1-million-square-foot property could be reposted for foreclosure several times, which is not unusual for larger properties, said George Roddy Sr., president of Addison-based Foreclosure Listing Service Inc.
"The lender makes the decision, and in some cases on a high-visibility property like this, wants to make sure the t's are crossed and the i's are dotted...
Richardson City Manager Bill Keffler announced Tuesday that he is retiring after a 35-year career with the city.
Keffler has been city manager for 17 years and his final day will be May 31, the city said in a release. No successor has been named.
“I’ve had a tremendous experience serving here with the City of Richardson these past 35 years. This is a phenomenal community," Keffler said Tuesday at a meeting with city supervisors and others where he announced his retirement.
Mayor Bob Townsend said that much of the city's success was possible because of Keffler's work...
 Bernard DiFiore and Phil Samson have been named as new members of the board of directors of the Business Council for the Arts.
DiFiore is chief executive officer of BenefitMall and Samson is a Dallas-based principal at PwC LLP, the U.S. firm of the worldwide PricewaterhouseCoopers organization.
“These new board members will further diversify the experience and talents that our leaders bring to Business Council for the Arts,” said Katherine Wagner, CEO of Business Council for the Arts. “Both are widely respected business leaders that will provide our board and management team with new insight and perspectives into connecting business and culture here in North Texas...
The Hong Kong Commissioner for Economic and Trade Affairs in the United States wants North Texas businesses to know about trade opportunities in the “special administrative region” of China.
Donald Tong paid a visit to the Dallas Business Journal on Tuesday during a whirlwind visit that also included meetings with the World Affairs Council, Dallas Mayor Mike Rawlings and a Chinese New Year celebration at the Fairmont Dallas Hotel.
“Our key purpose is to try to foster closer relationships between Dallas and Hong Kong, particularly for trade and economic development,” Tong said...
 Southwest Airlines Co. reported Tuesday that the company flew 7.4 billion passenger miles in January, a decrease of 2.7 percent over January 2011, the company reported.
The company released combined traffic results for Southwest Airlines and AirTran, which Southwest acquired in May. Available seat miles decrease 0.7 percent to 9.9 billion from the combined level of 10 billion in January 2011, the company said.
January 2012's load factor was 74.3 percent, compared to a combined load factor of 75...
An Oklahoma transportation and logistics company is opening a new office in Fort Worth that is expected to create 140 jobs.
Tulsa-based LinkAmerica Corp. expects to open its new 24,000-square-foot corporate office and training center next month, the Fort Worth Chamber of Commerce announced Tuesday.
The office will be in the CentrePoint Business Park at 4400 Amon Carter Blvd. The new office will house LinkAmerica’s executive team, as well as training for drivers and corporate employees. The Tulsa office will house the company’s logistics teams and back-office support functions...
Proview Technology (Schenzhen) has filed a temporary restraining order to prevent Apple Inc. from using the iPad name in mainland China, according to a Wall Street Journal story on Tuesday.
A Schenzhen court previously rejected Cupertino-based Apple's (NASDAQ:AAPL) challenge of Proview, which thinks it owns the iPad name in mainland China. Apple, which operates six Apple Stores in the Dallas-Fort Worth area, reportedly is appealing the decision.
Written by Lisa Sibley. She can be reached at 408...
Fannie Mae, which began a pilot program in Orlando, San Diego and Detroit in 2010 to take offers for Fannie Mae-owned houses online, is expanding the online program nationwide.
Through its HomePath program, real estate agents can now submit offers on behalf of potential buyers online, get online confirmation and track the status of their offers through the HomePath.com website.
"Collecting offers online through HomePath.com will provide greater transparency for homebuyers and their agents," said vice president for REO at Fannie Mae Jay Ryan...
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My practice serves Dallas County, Collin County, Tarrant County and Denton County, which includes the cities of Dallas, Plano, Richardson, Frisco, Sherman, McKinney, Fort Worth and Arlington. My office is located in downtown Dallas, near the Dallas Courthouses; my home is located halfway between the Dallas Courthouse and the Collin County Courthouse.
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| Copyright 2006 by Norton Rosenthal
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