Foreclosures tick up slowly in Fort Worth-Arlington

BY ALESHIA HOWE

September 01, 2008

Foreclosure rates in Fort Worth-Arlington increased for the month of June over the same period last year, according to the latest numbers released by First American CoreLogic.

In the Fort Worth-Arlington area, the rate of foreclosures among outstanding mortgage loans was 0.9 percent for the month of June, an increase of 0.3 percentage points compared to June 2007. Comparatively, foreclosure activity in Fort Worth-Arlington is well below the national foreclosure rates, which topped 1.6 percent for June 2008.

The mortgage delinquency rate for the Fort Worth-Arlington market also increased in June, according to the research company. The number of mortgage loans that were 90 days or more delinquent in June was 3.7 percent compared to 3 percent for the same period last year.

Staffing company leases office space in NRH

Aerotek Inc., a Maryland-based staffing company, has leased 8,291 square feet of space in Richland Corporate Center at 9001 Airport Freeway in North Richland Hills.

As Aerotek’s sixth office in the Metroplex, the company will occupy the fifth floor of the 139,000-square-foot, nine-story office tower.

The property is owned, leased and managed by Dallas-based Gaedeke Group.

According to Belinda Dabliz, Gaedeke Group’s vice president of leasing, Aerotek signed a 73-month lease.

Aerotek was represented in the transaction by Colliers International Executive Vice President Mary Stoner Yost and Executive Vice President/Principal L. Jamie Smith.