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Form D Friday: Fort Worth real estate giant John Goff raising new fund with $350M campaign

Fort Worth billionaire John Goff has registered a second invitation-only private equity campaign to raise seed capital for new real estate deals, according to a filing. Goff and his firms, Crescent Real Estate and Goff Capital, are aiming to raise $350 million with the offering.

Friday, June 15, 2018
J.C. Penney comes in for a landing with $20M sale of corporate jets

Prepare for landing. J.C. Penney (NYSE: JCP) announced Thursday it is selling three corporate jets and expects to receive $20 million in cash from the sale in the second quarter. The Plano-based retailer stands to lose $50 million from the sale, but offloading the aircraft will reduce its annual operating expenses between $5 to $10 million, according to a recent filing. “J.C. Penney is pursuing the sale of its corporate aircraft as part of an ongoing company effort to manage expenses across…

Friday, June 15, 2018
AT&T will give ‘skinny’ TV bundle away for free for some wireless customers after merger’s close

AT&T Inc. is setting the price at free for a "skinny" television lineup for some customers after announcing the closure of its Time Warner deal late Thursday. CEO Randall Stephenson, speaking on CNBC, said the new option, “AT&T Watch TV,” will cost nothing for unlimited wireless customers and $15 a month for others. It won’t be a lot of channels, but will target the consumer who wants a simple package. The massive deal for Time Warner delivers AT&T (NYSE: T) entertainment properties such…

Friday, June 15, 2018
Dallas Mayor Mike Rawlings explains how Europe trade mission advances ‘big, hairy, audacious goal’

One of Dallas Mayor Mike Rawlings’ goals is to make Dallas-Fort Worth the business epicenter of the western hemisphere. That’s obviously no small task.

Friday, June 15, 2018
Texas law firms debate big raises for young associates

Hundreds of young lawyers working at large corporate law firms in Texas are monitoring industry insider blogs and texting their friends at cross-town rivals in hopes of learning if they are all about to get a big pay increase.

Friday, June 15, 2018
Lance Armstrong sells luxurious Austin home to Kentucky entrepreneur

Former pro cyclist Lance Armstrong has reportedly sold his house in the Old Enfield neighborhood to Carey Smith, founder and former CEO of Big Ass Fans, who has moved to Austin to start a new business venture. Smith paid an undisclosed amount for the 8,185-square-foot home at 1706 Windsor Road, the Austin American-Statesman reports. It went on the market in March with a list price of $7.5 million and listing agent Laura Gottesman at the helm; the Statesman reports that Smith was represented by Cari…

Friday, June 15, 2018
Deals Day: Refreshed downtown tower lands nearly 33,000 square feet of leases

Following millions of dollars in renovations, a downtown Dallas office tower is attracting new tenants. Quadrant Investment Properties in 2016 unveiled plans for improvements to Saint Paul Place, a 22-story, 273,217-square-foot building at 750 N. St. Paul St. Quadrant’s renovations included adding an outdoor patio deck with a fire pit, a conference center, a tenant lounge and an updated espresso bar. Thanks to the refresh, CBRE, which acts as the building’s leasing representative, this week…

Friday, June 15, 2018