News Lockard Online

9 Jul 2015

Fort Worth Renaissance

Hap Bagget assembles a a group of partners bent on changing the face of southeast Fort Worth.

By: Paul K. HarralFort Worth Renaissance

Some boys never get over playing in the dirt. Happy Baggett is one. It’s just that the amount of dirt he’s playing with these days is measured in acres. Lots of acres. He’s the driving force behind Renaissance Square, a massive development at Berry Street and U.S. Highway 287 that is bringing shopping, health care and housing to one of the most undeserved and poorest areas of Fort Worth.

It started as a business deal, and while it is still that, it has morphed into a project bringing together many different interests in Fort Worth, in Texas and from across the country that is remaking the face and fabric of Southeast Fort Worth.

Investors  Mark  and  Shauna Trieb  were  vacationing  in  Italy in  2006  when  they  decided  to participate  in  the  deal  without ever seeing the land. They initially expected   to   hold   the   land   for perhaps three years and make a killing on the investment. “That’s what our intention was,” Mark Trieb said. “Our intention changed. Our intention now is to create a sort of a master planned community in the inner city of Southeast Fort Worth that  will  bring  together  families and kids in an environment that is supported by a number of diff rent healthy attributes, and cradle-to-college education.”

1 Jul 2015

Why freestanding ERs are a viable growth market.

By; David Wilson, CCIM, Executive Vice President, Lockard Development

_Five Star ER Round Rock Texas 3One of latest trends in health care real estate is the freestanding emergency department (FSED).

The number of FSEDs has doubled in the last decade, and these facilities are now available in nearly every state.

FSEDs have come under some scrutiny, especially as the Affordable Care Act works to lower the cost of medical treatment. Some have expressed concern that people confuse FSEDs with urgent care facilities and end up paying more for treatment they could have received at the latter.

Despite this concern,FSEDs will play a more critical role in the overall health care system. Rather than replacing certain types of care, FSEDs are actually filling a major void in growing communities. In the last 25 years,demand for emergency care has grown at the same rate that non rural hospital emergency departments have closed, according to The Journal of the American Medical Association.

24 Jun 2015

The Retailization of Health Care

Retail Health Care
By: David Wilson, CCIM, Executive Vice President, Lockard Development

High traffic. Check. Clustered with other popular destinations. Check. Convenient parking, eye-catching signage and well-maintained surroundings. Check, check, check.

The criteria that influences where retailers decide to locate is now being used in the health care industry. Medical practices from general practitioners to specialists to urgent care centers are eschewing hospital and office park settings in favor of strip malls and shopping centers.

Several factors are driving the “retailization” of health care, including:

28 May 2015

New retail square: Development begins on Sun Valley Motor Hotel site

By: Emma Perez-Trevino

Source: Valley Morning StarSun Valley Square Domolition

HARLINGEN — Crews have been at work at the site of the former Sun Valley Motor Hotel on 77 Sunshine Strip, demolishing the remaining buildings that also housed a bar and grill, making way for development of what will be known as Sun Valley Square, public records show.

The developers, Lockard Integrated Real Estate Solutions’ Lockard Asset Managers LLC and Lockard Harlingen Holdings LLC, based in Cedar Falls, Iowa, purchased the properties including the motor hotel in October and March this year, according to records.

The developers say that plans call for development of Sun Valley Square, which will include a retail/medical tenant that would occupy a 41,800-square-foot building. The properties that the developers own are comprised of four lots. Lot 2, consisting of 2.57 acres of land already is under contract. Three separate, but adjacent parcels are available. Lot 1 is comprised of 3.96 acres, while lots 3 and 4 are each under an acre, according to the firm’s website.

26 May 2015

7 Ways Technology is Changing the Construction Business

3D commercial printing

By: Jamie Fettkether: President, Lockard Construction

Technology is changing the way construction professionals manage projects, and it’s also having a profound impact on the preparation and actual building processes. Firms that can harness the power new technology offers may therefore have a competitive edge in the overall bidding process by being able to reduce timeframes and lower costs.

Below are seven examples of how technology is transforming the construction industry: