Seven Mile Cafe is currently under construction at its new location on Sadau Court, off Loop 288. Kara Dry/For the DRC
Miles ahead By Jenna Duncan | Staff Writer Three years ago, Kevin and Josi Klingele bought 2123 Sadau Court, just off Loop 288, hoping to create a prep kitchen for their growing restaurant business, Seven Mile Cafe. Before renovations on the new space started more than a year ago, the duo decided the new spot should also serve as the restaurant’s Denton location to meet growing demand. “Now this will serve as our warehouse, our prep kitchen and our restaurant, so it’s taking care of a lot of needs for us,” Kevin Klingele said.
Nico Smith pours a shot of espresso Monday at Seven Mile Cafe’s original location at Bolivar and Congress streets.
Breakfast and coffee spot will grow with move to Loop 288 While no opening date is set, the new location should open by early fall this year, nearly doubling the restaurant’s footprint in Denton. The new location means that the existing restaurant at 529 Bolivar St. and the neighboring coffeehouse will both close. It makes more sense to put all of the efforts into one location, and to keep the restaurant staff together, Klingele said. “That was one of the contribut-
ing factors to closing the other location because we have such a great team over there, and to split them would have put a serious strain on us,” he said. “To bring them here will give us a huge advantage from the start.” The restaurant started in the coffeehouse space in 2011 when the couple wanted to serve the kinds of
CAFE | CONTINUED ON PAGE 3
A bull-bear market debate “… Double-digit drop likely …” “… So many unbelievable opportunities in front of us ...” — Commentary last week from different analysts at the same market research house
L By Jenna Duncan | Staff Writer La Rose Maison is planning to close at the end of the month, after just five months in business. The shop north of the Square focused on selling locally produced art, home decor, tea and jewelry. Craft cocktail bar Miss Angeline’s is set to open in the coming weeks,
hopefully in time for its neighbor East Side’s six-year anniversary party. The bar at 125 E. Oak St. just got wrought iron fencing around its 2,500 squarefoot patio, but the owners haven’t yet announced an opening date. Burger chain Mooyah closed its location at Rayzor Ranch Marketplace. DUNCAN | CONTINUED ON PAGE 4
ast month I wrote how the markets were rallying ahead of the expected short-term interest rate cuts that would follow the July Federal Reserve meeting. The Fed delivered, reducing the Federal Funds rate by 0.25%, or 25 basis points, but the markets have been highly volatile ever since. Some market participants took Fed Chairman Jerome Powell’s press conference commentary as an indicator that only one rate cut was in the cards, when others were expecting two or three in the coming months. It seems others took the cut as a “sell the news” event, a phenomenon in which traders buy in advance of ex-
Jonathon FITE | COMMENTARY
pected good news and then take their profits by selling once the event occurs. Still others point to the reescalation of trade war rhetoric from the White House has justification for a more cautious outlook. But, with markets reapproaching all-time highs in late-July, our commander in chief might have been harvesting some market gains of his own to use as “cover” in the midst of the Chinese trade negotiations. The last few weeks have been highly
volatile in the markets, with stock indices fluctuating as much as 3% in a given day — rare levels of volatility. Last week, the Dow Jones Industrial Average fell 800 points in the worst trading day of the year. The culprit seems to have been the famed 2-10 spread, which measures the difference between the 10-year Treasury rates and the two-year Treasury rates. Readers of this column will remember past articles recapping how this measure has a strong track record of predicting recessions when it moves into negative territory (what many call an inverted yield curve). Last week the 2-10 spread briefly went negative in intraday trading. Large institutions with risk-parity funds that use buy-sell computer algorithms fired off sell orders when the intraday signal was seen. Those sell orders were amplified by other index funds that FITE | CONTINUED ON PAGE 3
Here’s what Leadership Denton will tackle next Y
ou’ve likely seen the press and social media attention this month announcing this year’s 35th Leadership Denton class. This is a group of individuals who are highly motivated, educated, civic-minded, and deeply passionate about engaging with this community at a new level. Collectively, they will provoke and initiate lasting change in Denton. Historically, Leadership Denton classes have each taken responsibility for a class project. This project usually addresses a community issue or a chamber issue and examines creative solutions, provides an action plan, or even a completed product. For example: ■■ LD2015: Transportation Study ■■ LD2012: Downtown Welcome Center ■■ LD2018: Next Generation: The Chamber of the Future ■■ LD2016: Denton Technology Council ■■ LD2007: Code Enforcement ■■ LD1988: Beautification of entrances to the City
Erica PANGBURN | COMMENTARY
■■ LD2009: Fire Safety Town proposal ■■ LD2013: Airport Marketing Plan This year’s class project came from a question I posed to business owners, on social media, when I stepped into leadership at your chamber back in April: What keeps you up at night? Surprisingly, one sentiment echoed across the board. Many business owners responded that hiring quality staff and employee retention is their greatest challenge. Keeping employees engaged, committed to a standard of excellence, and dedicated to client and customer experience has proven to be increasingly difficult in all industries.
We know that Denton is unique in its makeup, talent pool and economy. Every community is. And every community that decides to proactively address workforce issues will have a competitive advantage over those who do nothing. The question is: What can be done to bridge the gap and provide peace of mind to business owners while also recognizing the need to retain existing talent in the community? What solutions target existing businesses, as well as anticipate future Denton businesses and employee needs? The 35th class of Leadership Denton will design and present recommendations for the Denton business community that can lead to solutions for said questions. Some considerations: ■■ What does our current available workforce look like? ■■ What are our existing businesses’ gaps in the workforce they seek? Additionally, what do industries targeted by the city of Denton’s Economic Development Plan need? ■■ What does Denton have that is working well to draw and
What can be done to bridge the gap and provide peace of mind to business owners while also recognizing the need to retain existing talent in the community?
The event is $40 a ticket or $450 to sponsor a table.
second Tuesday of the month at PointBank, 3971 FM2181 in Corinth.
retain needed workforce? ■■ How can businesses and the city do more to retain sought-after talent? ■■ Of the recommendations made, how would they positively impact our economy? ■■ What industries would most benefit from our solutions presented? ■■ What kind of impact, if any, would these recommendations have on tourism, e.g. local business impact? The issue of workforce is one you are going to start hearing over and over. I am excited that the chamber, the city and the community at large are beginning to pool their resources to address it directly. Being a community that
has a prepared workforce will continue to attract industry and attract higher-paying jobs. New industry growth and higher-paying jobs will, in turn, retain the talent that already exists here. Is that what chambers of commerce are supposed to be doing, you ask? See No. 1 below … A clear understanding of what Chambers exist to accomplish in their communities is something we consistently strive to communicate. Chamber missions vary, but they all tend to focus to some degree on five primary goals: 1. Building communities that attract residents, visitors and investors (through public and private partnerships — the economic development arm of the chamber plays a large role here). 2. Promoting those communities (this is most commonly the function of the Convention & Visitors Bureau arm of the chamber). 3. Striving to ensure future prosperity via a pro-business climate. (We want to make it easy to do business in our
community!) 4. Representing the unified voice of the employer community to local, state and federal government. (There’s power in numbers.) 5. Providing accelerated access to resources and relationships. (Networking!) Most chambers are led by private-sector employers, self-funded, organized around boards/committees of volunteers, and independent. They share a common ambition for sustained prosperity of their community/region, built on thriving employers. Most are ardent proponents of the free market system, resisting attempts to overly burden private sector enterprise and investment. To read more, visit acce.org. As always, I welcome your questions and thank you for the role each one of you plays in making Denton the best place to do business in North Texas. ERICA PANGBURN is president of the Denton Chamber of Commerce and can be reached at 940-3829693 and erica@denton- chamber.org.
Stoke Denton will host a community happy hour at Harvest House for Stoke members, mentors, Denton Angels investors and anyone involved in the tech or startup communities.
Women in Commerce, a networking group for women in the Denton Chamber of Commerce, will host a mixer at Andy B’s Bowl Social, 2600 Panhandle St.
Calendar of Events APIs and IPAs, hosted by TechMill, meets every other Wednesday at Harvest House, 331 E. Hickory St., for a tech-centered hangout. Wednesday, Aug. 28, 6:30 p.m. Wednesday, Sept. 11, 6:30 p.m.
Aubrey 380 Area Chamber of Commerce hosts networking luncheons the third Wednesday of the month at Prairie House Restaurant, 10001 U.S. Highway 380 in Cross Roads. Admission is $12 and includes a meal.
Denton Housing Authority, 1225 Wilson St., in the firstfloor conference room. Tuesday, Sept. 10, 6 p.m.
Denton Chamber of Commerce will host monthly business networking lunches at SpringHill Suites by Marriott, 1434 Centre Place Drive. The event costs $20 for members and $25 for nonmembers, including a buffet lunch. Friday, Sept. 6, 11:30 a.m.
Wednesday, Aug. 21, 11:30 a.m. Wednesday, Sept. 18, 11:30 a.m.
Denton Black Chamber of Commerce meets the second Tuesday of the month at the
Denton Chamber of Commerce will host its September Quarterly Membership Luncheon at the Embassy Suites by Hilton Denton Convention Center, 3100 Town Center Trail.
Friday, Sept. 13, 11:30 a.m.
Denton Young Professionals hosts coffee and breakfast the third Wednesday of the month at Chestnut Tree, 107 W. Hickory St. Breakfast costs $10 for nonmembers. Wednesday, Sept. 18, 7:15 a.m.
Lake Cities Chamber of Commerce holds coffee meetings at rotating businesses on Wednesdays at 8 a.m. Locations will be listed at www.lakecitieschamber.com/events. Lake Cities Chamber of Commerce hosts Small Business Breakfast meetings the
Tuesday, Sept. 10, 8 a.m.
Little D Open Coffee Club, hosted by TechMill, meets every other Tuesday at West Oak Coffee Bar, 114 W. Oak St., to discuss technology and startups. Tuesday, Sept. 3, 8 a.m. Tuesday, Sept. 17, 8 a.m.
Open Hack Denton, hosted by TechMill, meets the second Tuesday of the month at Armadillo Ale Works, 221 S. Bell Ave., to get programmers of all experience levels together to work on code. Tuesday, Sept. 10, 6:30 p.m.
Wednesday, Aug. 28, 5 p.m.
Thursday, Sept. 5, 5 p.m.
HIP/KNEE PAIN? Denton Chiropractic Center Auto & work injuries accepted. Mon. - Fri. 7-9, Sat. 7-6 I-35 at McCormick Se Habla Español.
Dr. Melissa Noell
(940) 566-3232 www.dentonchiro.com
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Dr. Marcus Villarreal
August 2019 FITE | CONTINUED FROM PAGE 1
Photos by Kara Dry/DRC
The new Seven Mile Cafe location on Sadau Court will have more space to accommodate diners than the current cafe and coffeehouse at Bolivar and Congress streets, which opened in 2011. CAFE | CONTINUED FROM PAGE 1
breakfasts they used to eat growing up in California. After the first week serving food with more than enough problems, they nearly cut breakfast service. But business continued to grow. Seven Mile opened its second location in Highland Village in 2013, and has since opened additional restaurants in Old Town Keller and in north Fort Worth. The new Denton location will be a centralized spot to consolidate restaurant operations for all four spots. In addition to more space and centralization of warehousing and prepping items like baked goods, the new location also has event space. The Sadau Court building’s second story can be divided into multiple rooms for larger parties and special occasions — something none of the current cafes can accommodate.
Stephanie McCracken clears off a table near the end of her shift Monday at Seven Mile Cafe on Bolivar Street. Owners Kevin and Josi Klingele opened the cafe in 2011 to serve California-style and vegetarian-friendly fare.
“We get a lot of inquiries for reservations for really large parties, and the restaurants don’t have the ability to absorb really large parties
into the flow of the restaurant when we have an hourlong wait,” Klingele said. “They either have a longer wait or they don’t come.”
JENNA DUNCAN can be reached at 940-566-6889 and via Twitter at @jennafduncan.
Artwork covers a wall at the new Seven Mile Cafe location, which is still under construction.
have to mimic broad market activity. By some measure, this makes sense. Over the past 40 years, recessions have always been preceded by a 2-10 yield curve inversion. Data from Oxford Economics suggests the probability of a recession in the next six months has risen to 50%. But in previous cycles, the inverted yield curve persisted 30-60 days, rather than just a few minutes. Perhaps traders have gotten a bit too jumpy? Either way, market participants are now pricing in almost a 60% probability of three more Fed rate cuts this year. Some might say this is the beginning of new interest rate regime ahead of a coming recession. But falling Treasury yields have reduced mortgage rates substantially, driving up new loan and refinance applications. This should cushion a potential economic slowdown. Another contrarian indicator might be the level of pessimism among fund managers. This month’s fund manager survey by Bank of America is the most pessimistic since 2011. The last time asset managers were this concerned about a recession, markets rallied 22% over the next 12 months. A more Machiavellian take: This is exactly what the White House wanted ahead of the 2020 election cycle. By escalating trade tensions and elevating growth concerns, Trump has put the Fed in the corner, forcing them to lower rates. This provides a cushion for the economy as his team negotiates a deal with the Chinese that covers issues like the trade deficit, technology transfer and fair competition. Many doubt any real progress can be made on this front, but it is highly likely some kind of “deal” will be done by early spring, just as the campaign is getting into full swing. Data released last week showed fluctuating industrial production activity. Overseas (Germany, U.K., China) activity is very weak, while U.S. activity seems OK. The U.S. consumer is still very strong. With wages moving up and unemployment so low, consumers continue to spend — buoying the U.S. economy in a turbulent and uncertain global macro environment. One analyst we read last week showed stocks are as “affordable” now as they were in 2009. This analysis looked at the difference between the earnings-yield of U.S. stocks and 10year Treasury yields. An earnings yield is simply the inversion of the P/E ratio to an E/P ratio — so, if the P/E ratio is 20, then the earnings yield is 5% (1 divided by 20). With interest rates so low, and company earnings still pretty strong, the analyst pointed to the recent sell-off as a great opportunity to add to stocks. So, the debate goes on. Are we on the cusp of a recession? Maybe. Are stocks a good buy? Some probably are. In our own fund, we harvested some gains in June and July to build cash and have been putting some of the money back to work as markets have become more volatile. We tend to look at big price swings as opportunities to add to companies we want to own for a long time. The bull-bear market debate is good for media commentators. It drives up attention and helps sell adds. Longterm investors should continue to focus on the operations of their businesses and take advantage of opportunities the market inevitable tees up for us. JONATHON FITE is a managing partner of KMF Investments, a Texas-based pure pay-for-performance hedge fund. He is also a professor with the G. Brint Ryan College of Business at the University of North Texas. This column is provided for general interest only and should not be construed as a solicitation or personal investment advice. Comments may be sent to firstname.lastname@example.org.
Vital Statistics SALES TAX PERMITS The following sales permits were issued by the state comptroller’s office for July. The list includes the owner, name of business and address within ZIP codes 75068, 76201, 76205, 76207, 76208, 76210, 76226, 76227, 76249, 76258 and 76266. 75068 RHD Jeeps LLC, RHD Jeeps LLC, 1832 Kittyhawk Drive Counterpart Communication Design LLC, Counterpart Communication Design, 2496 Hammock Lake Drive Aerial 51 Medial Solutions LLC, Aerial 51 Medial Solutions LLC, 900 Coral Cove Clayton Kelly Harp, Clayton Harp, 600 Mustang Court Kenny Que LLC, Kenny Que Catering, 216 Willowlake Drive Lucille Santoya & Scott Rowdon, Olive Trunk Farms, 1700 Creek Bend Lane Connie Davis Design Concepts Inc., Connie Davis Design Concepts, 1012 Freesia Drive Eagle Ops A/V And Security LLC, Eagle Ops A/V And Security, 2665 Calmwater Drive Melissa Kay Davis, MKD Designs, 2701 Waterdance Drive Bluestar Castle LLC, Bluestar Castle LLC, 2517 Lakebend Drive Christi Gray, Ladybug Boutique, 2301 Evening Song Drive Elite Outdoor Living LLC, Elite Outdoor Living LLC, 2453 Dove Creek Drive The Pleasure Suite LLC, The Pleasure Suite LLC, 2165 Barx Drive Sharhonda Butler, Sparrow Staging and Design, 13612 Cortes De Pallas Drive Crystal West, OpenDoor Decor, 300 W. Waters Edge Way Devin Ramsey, Quick Signs and Designs, 1020 Perennial Lane
Little Elm Friends of the Library, Little Elm Friends of the Library, 100 W. Eldorado Parkway Nafeesa Peoples, London-Mo’lan Accessories, 1500 Canary Drive Pacific-H Inc., Pacific-H Inc., 3548 Pinnacle Bay Pointe Moore Finds LLC, Moore Finds LLC, 9808 Excursion Drive 76201 Veteran Garage Door LLC, Veteran Garage Door LLC, 525 Fort Worth Drive, Suite 208 Jeffrey Rasch, Jeff’s Vermiculture, 1908 W. Hickory St. Paul Ray Bagley, Los Catrachos, 212 Fort Worth Drive DTLR Inc., DTLR, 2520 W. University Drive, Suite 1160 Reverie House LLC, Reverie House LLC, 112 S. Oakland St., Apt. 222 Francisco Gabriel-Alejand Arreola, Kodama Bebop, 624 W. University Drive, #308 Sara Catherine Wimmer, Mini Mall II, 118 N. Locust St. Sunago Bell LLC, Sunago Bell, 101 S. Locust St., Floor 8 Michael Flanagan, Denton Mini-Mall, 118 N. Locust St. Tyler & Lindsey Burns, Tyler + Lindsey, 921 N. Carroll Blvd. JB S. Paschal, Beware of Dog, 1213 N. Austin St. Elizabeth Dianne Shuman, Madness Comics and Games, 1005 W. University Drive, Suite 105 USA Towing LLC, USA Towing LLC, 209 W. Collins St. Dermatology Center of Denton, Dermatology Center of Denton, 2214 Emery St., Suite 300 Dr. Crystal Hankel PLLC, Dr. Crystal Hankel PLLC, 207 W. Hickory St., Suite 210
76205 First Rockmar LLC, First Rockmar LLC, 525 S. Loop 288, Suite 105 Tyson Johnson & Tyler Boyd-Jeffery, Uncivil: Race Supply, 1963 Colorado Blvd., Apt. D All Texas Fence LLC, All Texas Fence, 306A Dallas Drive Kendra Strickland Taylor, Eden Mae Boutique, 1800 S. Loop 288, Suite 396611 Spirit Halloween Superstores LLC, Spirit Halloween Superstores #60219, 1800 S. Loop 288 Sacred Oils LLC, Sacred Oils, 2436 S. Interstate 35E, Suite 350 Bulldog Vapor LLC, Bulldog Vapor LLC, 1776 Teasley Lane, Suite 122 Lizards Ink Tattoo LLC, Lizards Ink Tattoo, 1103 Dallas Drive 76207 L. James Wallace, A and J Embroidery, 4621 Conley Lane Morgan McLaughlin, Seeker’s Sundries, 305 Benjamin St. Diego A. Esquivel, Signs and More Denton, 2321 N. Masch Branch Road, #306 Nathan Cord Williams, Drippy Denton, 505 W. Windsor Drive Sonia I. Cuyar, Sonimar Glass Designer and More, 3425 Hermalinda Drive Gaudencio Olvera Rodriquez, Rodriquez Tile Service, 2521 John Drive Patricia Ann Lubeskie, Patty Lu’s, 5800 N. Interstate 35 Suite 307 76208 Jose Guadalupe Ayala, Panaderia Mexicana Zafiro, 3305 S. Mayhill Road, Suite 117 MaxxStar Group LLC, MaxxStar Group LLC, 401 Paradise Cove Mark Ford, Mark Ford, 5304 Tartan Circle
Robert Morgan, Foodthusiasms, 3101 Deerfield Drive Rosimber Piedra & Paulina Sanchez, Pro Finish Customs Body Shop, 5501 Fishtrap Road, Suite 301 Austin, Caden & Hunter Inc., Austin, Caden & Hunter Inc., 8400 Bishop Pine Road Deborah Kathleen Martin, DC Designs, 3907 Park Wood Drive Sipp Classy Bartenders LLC, Sipp Classy Bartenders LLC, 3808 Camino Real Trail Cryogentex LLC, Cryogentex LLC, 503 Cove Drive Brian Randolph Dunbar, Leafy Lawn Care and Landscaping, 3912 Fawn Drive Interactive Home LLC, Interactive Home LLC, 311 Comanche Drive Reese Eugene Nickless, PiecesByReeses, 5300 Par Drive 76210 Kyle Adam Bufkin, Buf, 2601 Boulder Drive Katie Beth Bruxvoort, Sprig Floral Co, 1405 Ballycastle Lane John Morales, Zilvintage, 1610 Cedar Elm Drive Huffines Denton Autos Inc., Huffines Denton Autos Inc., 6930 S. Interstate 35E Golden State Galleries LLC, Golden State Galleries LLC, 7650 S. Interstate 35E, Suite 136 Blue Troop Web Print & Video LLC, Blue Troop Web Print & Video LLC, 924 Circle View Lane Brian L. Tucker, wisdomofthefounders.com, 5017 Teasley Lane, Suite 145-95 CarMax Auto Superstores Inc., CarMax Auto Superstores Inc., 4200 S. Interstate 35E Big Mish LLC, Big Mish LLC, 1306 Cheyenne Trail Courtney White, Finer and Dandy, 2213 Wellington Lane Rain Harvesting Supplies Inc., Rain Harvesting Supplies Inc., 9080 Teasley Lane Stenson Landscape & Irrigation Inc., Stenson Landscape & Irrigation Inc., 6801 S. Interstate 35E
76226 Trinity Title of Texas LLC, Trinity Title of Texas LLC, 130 S. Old Town Blvd. Teresa Owen, Playful Peach Boutique, 9135 Parson Drive Argyle Band Boosters, Argyle Band Boosters, 191 N. U.S. Highway 377 Mehl Home Designs LLC, Mehl Home Designs LLC, 105 Bluebird Way Haus of Hound LLC, Haus of Hound LLC, 1436 Eagleton Lane Adventure Innovations LLC, Adventure Innovations LLC, 2126 Hamilton Drive, Suite 260 Logan’s Services LLC, Logan’s Services LLC, 1500 Eighth St. RTEL Investors LLC, RTEL Investors LLC, 2 Hickory Crossing Lane Tahami By Nature LLC, Tahami By Nature LLC, 1847 E. Hickory Hill Road Tara Crooks, Shindigs, 408 Spring Creek Drive Ashlee J. Massie, Kam Marketing, 1408 Sixth St. GCK Group LLC, Top Shelf Auto, 8231 Victoria Lane Covington International Business Consulting Inc., Covington International Business Consulting Inc., 6101 Whiskerbrush Road Kasey Butler, Kasey Butler, 1701 Trinidad Way Cretecon Construction LLC, Cretecon Construction, 1609 Bunting Drive AKC Emporium LLC, AKC Emporium LLC, 4909 Brookside Drive AMA Dumpsters LLC, AMA Dumpsters, 11121 Fincher Road
Vanda Jackson, Noboo Ink, 2412 Larimar Drive Ken Mayer Aviation LLC, Ken Mayer Aviation LLC, 3800 Historic Lane Callie’s Hair Design LLC, Callie’s Hair Design LLC, 428 De Moye St. Souls 4 Salvation, Souls 4 Salvation, 9854 Birch Drive Hook’d Towing and Recovery LLC, Hook’d Towing and Recovery LLC, 14511 Industrial Park Stearman Landscaping and Irrigation LLC, Stearman Landscaping and Irrigation LLC, 1628 Silver Lane Haseeb Mohammed, A&H LLC, 1504 Sea Island Road Dausmann & Dausmann LLC, The Crazy German, 9037 Benevolent Court J1 Elite Investors LLC, J1 Elite Investors LLC, 708 Auburn Court Aubrey Leasing LLC, Aubrey Leasing LLC, 204 Mulberry St. Ali Gashi, Luigi’s Italian Ristorante, 928 S. U.S. Highway 377 Simon & DK Group Inc., Golden Chick, 26735 E. U.S. Highway 380
76227 Melissa Pallan, Melissa Pallan, 1900 Mimosa Court SSH Laserworks Inc., SSH Laserworks Inc., 7076 Burger Road Samantha Alynn Cox, Diva Chic Boutique, 1512 Nightingale Drive
76258 Dawne Waneece Burgin, Twisted Twine, 316 E. Liberty St. Maria Luisa De La Rosa, Fruteria Y Neveria Lupita, 1001 N. Washington St. Gary G. Ballard, Crag Cobbler, 559 E. Gee St. Gary Beyea, Aspen Builders, 12914 E. FM455
76249 Debra Joann Jensen Hatch, Debra Jensen Hatch, 137 W. 6th St. Jamie Milton Thompson, The Satellite Shop, 6922 Gregg Road Russell Nathaniel Simmons, Arnessco, 408 Spurlock Drive Kenneth B. Riney, Ken Riney Antiques, 2270 Mitchell Road
Realtors’ dues wasted on A&M center’s research “The first rule of Fight Club is: You do not talk about Fight Club.” — Tyler Durden
allas-Fort Worth area home sales approached a new record in July, and Denton County home sales reached a new high on the back of plunging mortgage interest rates. The sharp year-over-year drop in rates has produced a nice stick save for a stagnating (or should I say stagflating) housing market. Denton County and the city of Denton saw double-digit sales increases during the month. The average price of a Denton County home eclipsed $370,000 in July. Denton County and Denton were standout performers for the month, besting the 6% sales gain for the greater DFW area. Pending home sales were positive as well, although not as strong as actual home closings. For the last several months the new home market has been driving sales higher as the primary beneficiary of lower rates. July was no different. The existing home market, which happens to be the bulk of sales, is still grappling with a supply and demand mismatch. Market bifurcation is still a prevailing theme. Housing market bifurcation has been a nagging problem in this latest economic cycle, a direct result of the Federal Reserve’s top-down monetary
Aaron LAYMAN | COMMENTARY
stimulus. During the last 10 years the Fed poured trillions of dollars into the economy to reflate asset prices, and a great deal of that liquidity went into the real estate sector. This a big reason for why we have so few affordable homes, and why many millennials are now priced out of the market as home price inflation has greatly exceeded wage growth. Real estate agents generally don’t talk about this market dynamic. The Texas A&M Real Estate Center, funded by real estate licensing dues and renewals, spends a great deal of time writing and researching the intricacies of the Texas economy and housing market fundamentals, yet they miraculously leave the Federal Reserve out of the conversation in their research. According to TREC’s 2018 annual report, Texas real estate professionals paid over $6 million to fund the center and its tainted research — research that dares not mention the Fed’s entanglement with
the Texas housing market. To their credit, the staff at the A&M Real Estate Center does some valuable work, including the compilation of housing market data for a number of the Texas metro real estate markets. The center has a rich history, but in recent years the Real Estate Center at A&M has often looked like an extension of the Federal Reserve research, which offers copious amounts of data with little insight. I have an idea about why this is the case. If you scroll down to Page 27 of the Real Estate Center’s history, you will find a note about the “new era of RECFED cooperation,” which began back in 2012 with the arrival of one Dr. Luis Torres. It makes sense that following the Great Recession, the Fed was looking to use its army of economists to preach the gospel of trickle- down monetary prosperity. The Federal Reserve needed cover for their massive quantitative easing experiment, and what better way to spread the news than to have economists cutting their teeth at the Federal Reserve and then branching out into other firms and agencies to spread the message of economic growth. While Dallas-area home prices are about as unaffordable as they have ever been, you would think the Real Estate Center staff would be discussing the fact that Fed-
eral Reserve policy is directly responsible for the inflation of Texas home prices. It’s surprising you never hear the Ph.D. economists at A&M’s center mention how the Fed blew a new bubble in Dallas-area home prices with trillions of dollars in new liquidity injected into the markets. You never see charts in Real Estate Center research pieces showing how the Fed’s liquidity dump lit the fire for the Dallas-Fort Worth economic boom following the Great Recession. I have these charts plastered across my website, because they are an integral part of the discussion if you want to truly understand what’s going on with the Texas housing market. If you read the A&M Real Estate Center’s research pieces and publications, the Texas real estate boom is all about fundamentals like a strong employment sector and a growing economy. To be sure, these things have contributed to the longest economic expansion in recent memory. They were also facilitated by massive stimulus from the Federal Reserve bank. If you doubt that is the case, just take a look at how the housing market rolled over in late 2018 as interest rates approached a mere five percent. The recent stick save for the housing market is the result of a complete capitulation by the Federal Reserve, after they spent the last 10 years goosing
asset markets to new highs. The Fed’s liquidity is agnostic, and you can be sure plenty of it made its way into the Texas real estate market. But here’s the problem. The Fed is already cutting rates again with the federal funds rate at roughly half of where we started the last recession. The Fed has precious little ammo to waste to prevent another meltdown. The president is screaming for lower rates, and the bond market is signaling more rate cuts are coming regardless of what Federal Open Market Committee officials may want. As I noted in my latest housing market report, the reasons are fairly obvious. Without super cheap credit, the endless growth narrative falls apart rather quickly. The same holds true for the housing market. The last quarter of 2018 was a wake-up call for anyone paying attention. The economists at the A&M Real Estate Center may not want to talk about the Federal Reserve’s involvement in the Texas housing market, but that doesn’t mean you have to be caught off-guard by the lack of disclosure. The Texas housing market has been detached from traditional long-term fundamentals for years due to the Federal Reserve’s interventions. Fed policy is directly responsible for many of the distortions we are experiencing, and the general unaffordability of
homes in many Texas markets. If the Ph.D. economists at the Texas A&M Real Estate Center don’t want to acknowledge this, they don’t deserve to be funded with real estate agents’ dues. Texas real estate professionals should not have to pay money to be misinformed. Texans deserve honest research that includes a discussion of Fed policy as it manifests in the housing market. The Fed’s army of economists have a history of really bad forecasting and myopic thinking. In the Federal Reserve’s distorted view, Main Street America has the same access to super cheap capital as GE or Goldman Sachs. This is of course lunacy, but it’s how the Fed operates. The Fed’s flawed economic models and assumptions are not just bad; they are dangerous. If you need an example, here’s Exhibit A: “We believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.” — Ben Bernanke, former chairman of the Federal Reserve, May 2007 AARON LAYMAN is the owner-broker of Aaron Layman Properties LLC. Contact him at 281-935-2889, sales@ aaronlayman.com or www. aaronlayman.com.
From the Wire
Misery loves company — Pace of drug price hikes slows liability for another’s wrongs By Linda A. Johnson and Nicky Forster Associated Press
TRENTON, N.J. — Drug companies are still raising prices for brand-name prescription medicines, just not as often or by as much as they used to, according to an Associated Press analysis. After years of frequent list price hikes, many drugmakers are showing some restraint, according to the analysis of drug prices provided by health information firm Elsevier. In the first seven months of 2019, drugmakers raised list prices for brand-name prescription medicines by a median of 5%. That’s down from about 9% or 10% over those months the prior four years, the AP found. From January through July this year, there were 4,483 price hikes, down 36% from that stretch in 2015. Several large manufacturers skipped their usual midyear increases, noted Elsevier drug pricing expert Kay Morgan. Those include industry titans taking heat for high prices, including Pfizer, Novartis, Amgen, AbbVie and Johnson & Johnson. For years, they and many other drugmakers raised list prices on brand-name medicines up to three times annually, sometimes 10% or more each time. Now, companies are taking more of their increases in January, reaping the extra revenue all year and forgoing early summer hikes. Still, there were 37 price hikes for every decrease in the first seven months of 2019. The industry’s restraint comes as lawmakers of both
Smaller price hikes in 2019
The annual median price increase for brand-name drugs has fallen to 5%. Median percent change 10% 8 6 4 2 0
*Price comparisons include price changes made between Jan. 1 and July 31 for each year. SOURCE: Elsevier
parties in Congress and the Trump administration are advancing measures to try to curb costs, a concerted effort not seen in Washington for years. Meanwhile, many states are trying to limit drug price increases or to allow residents to buy drugs at lower prices from pharmacies in Canada. “This rhetoric around drug prices may be starting to bend the curve, but we’re not getting to the point of actual decreases in the total cost of drugs,” just a slowing of increases, said Adrienne E. Faerber, who teaches health economics at the Dartmouth Institute for Health Policy and Clinical Practice. “Very few drug prices go down.” The AP analyzed 32,795 U.S. list price changes for brand-name prescription drugs from Jan. 1 through July 31 in the years 2015 through 2019, focusing on each year’s first seven months because of the seasonality of price changes. For most drugs, the figures include multiple products: different dosages, package sizes and for-
mats such as pills, liquids and injectable drugs. Manufacturers set list prices, and say they need to keep raising prices to fund research on future medicines. What patients pay varies. Many people with health insurance pay a flat price far below the list price, but those with high- deductible insurance plans and certain seniors on Medicare can pay much more, sometimes the entire list price or a sizable percentage of it. The latest data show no sign of the massive price cuts President Donald Trump predicted in May 2018. The monthly Consumer Price Index does show that average drug prices people pay declined 2% from June 2018 to June 2019. But that’s because 90% of prescriptions filled in the U.S. are for generics, whose prices have been declining amid pressure from big drug distributors. That trend obscured price increases for the 10% of prescriptions filled with the more expensive brand-name drugs.
Open/Closed DUNCAN | CONTINUED FROM PAGE 1
There was no explanation for the closure, but the doors are locked and the spot is no longer listed on the Mooyah website. The company still has one location in Denton at 2215 S. Loop 288, Suite 300. Denton is losing another food truck option: Leila’s Food Truck has closed operations
after the truck was sold to entrepreneurs in San Antonio. The owners of the vegetarian Middle Eastern fusion truck did tease to a new presence, saying on social media that there’ll be more food news from the brand soon. There’s a new personal training studio in town: We Fix U
Fitness, at 608 E. Hickory St., Suite 108. The studio operates from 5 a.m. to 9 p.m. Monday through Thursday and 6 a.m. to 8 p.m. on Friday., with Sunday and Saturday for appointments only. JENNA DUNCAN can be reached at 940-566-6889 and via Twitter at @jennafduncan.
ost business owners know they will be held responsible for their mistakes. This is true in a properly functioning market economy (i.e., poorly served customers leave) and a just legal system. What gets less attention is a business’s legal exposure for the mistakes of others. This article will discuss four common situations in which business owners can be responsible for the mistakes of others: vicarious liability; conspiracy; aiding and abetting; and aiding and abetting breach of fiduciary duty. Vicarious liability is the most common form of joint liability. Vicarious liability includes an employer’s liability for the acts of its employees. While employees are at work and pursuing the business of their employer, the employer is legally responsible for their mistakes. The simplest example of this type of liability is the liability of UPS for the negligent driving of its delivery employees. If the negligence of a UPS employee causes a car accident while the employee is delivering packages, UPS is legally responsible for the driver’s negligence. This means that a person injured in the accident can sue UPS directly for his/ her injuries. In the case of vicarious liability, the employer’s liability remains even when the employer has good policies and procedures and the employee has been properly trained. While car accidents make for an easy example, vicarious liability extends to all types of wrongful conduct including misrepresentations, fraud and the violation of consumer protection laws such as the Texas Deceptive Trade Practices Act. The second most common form of joint liability is conspiracy. While the term conspiracy is commonly used, the legal concept is complex and, in the opinion of this author, not well-defined. Generally, in Texas, a person can be found to be part of a conspiracy when a person joins with two or more persons to accomplish an unlawful purpose, or to accomplish a lawful purpose by an unlawful means; the members agreed on what they wanted to achieve or a
Sam BURKE | COMMENTARY
course of action, and one or more members committed an unlawful, overt act to achieve the purpose or as part of the course of action. Got that? In the business context, conspiracy liability cannot be imposed on persons who are part of the same company. Employees cannot conspire to commit a fraud with their employer. The employer is just vicariously liable for the fraud. Likewise, a company president cannot conspire with the company he runs. Also, because conspiracy involves an intent to harm, there cannot be a conspiracy to commit a negligent act. As an example, a conspiracy could involve a building owner and a contractor hiding a defect in the owner’s building from a potential purchaser, such as painting over water damage or covering up evidence of foundation damage. Examples of intentional acts that could give rise to a conspiracy allegation also include defamation or misappropriation of trade secrets. Texas recognizes a general form of aiding and abetting liability, which applies to most forms of tort liability (any legal liability not created by a contract). The Texas Supreme Court has not adopted a single test for aiding and abetting liability. However, the most accepted test requires the following: The person the defendant aids performed a wrongful act that causes injury; the defendant was generally aware of his or her role as part of the illegal activity when assistance was being provided; and the defendant knowingly and substantially assisted the illegal activity. While this definition sounds like the legal definition of conspiracy, there are important differences — the most im-
portant being that courts have held that “general awareness of the illegal activity” does not require the defendant to have “wrongful intent.” Therefore, an allegation of aiding and abetting can lower the burden for imposing joint and several liability. A claim for aiding and abetting breach of fiduciary duty arises when a breach of fiduciary duty has occurred by a third party, the person aiding the third party is aware of the fiduciary relationship between the third party and another, and the aider is aware he is participating in the breach of fiduciary duty. A common situation where claims for such aiding and abetting liability can arise is when a new employee joins a company from a competitor. If the new hire brings trade secrets with them (which includes nonpublic information used to create a competitive advantage — for example, a customer list), the business has exposure if the company is aware of the employee’s former employment, the use of trade secrets (a customer list from a former employer), and the company participates in the breach (e.g., reimburses the new employee for taking a customer from the former employer’s customer list to lunch). Given the proliferation of knowledge-based jobs (meaning jobs where what you know that others don’t is your competitive advantage), employers should consider a process for screening and attempting to limit exposure to aiding and abetting breach of fiduciary duty claims in the new hire context. This article is not exhaustive, but hopefully will better enable you to evaluate when you can be responsible for other people’s mistakes or intentional wrongs. Of course, the best advice is to keep good company. Or, to paraphrase an often repeated saying, “Show me your associates and I will tell you your future.” SAM BURKE is board-certified in civil trial law and can be reached at sburke@ dentonlaw.com and www. dentonlaw.com.
Vital Statistics ASSUMED NAMES The following names were posted in July at the Denton County Clerk’s Office. NAME — DBA/ADDRESS
NAME — DBA/ADDRESS
75068 Wheels Plus Tires LLC, Yuma Cleaners, 2392 Morning Side Drive Darrell Cook, Hideaway Rentals, 1210A Yacht Club Road Omar Coronado, Star Fence Services, 1440 Water Lily Drive Jamie Cross, H20 Pro, 2511 Cherry Drive Melissa Davis, MKD Designs, 2701 Waterdance Drive Ricardo Elivar, FC Eagles, 1800 Preston on the Lake, Suite 220 Noe Melendez, B & I Construction Services, 639 Lakeshore Blvd. Trudy Lenna Enterprises Retirement Plan, Payroll Vault #160, 9920 Snake River Drive JoAnn Gastiaburo, Little Elm Karate Academy, 303 Main St. John Gibson Jr. & Tomica Gibson, A.O.G. For The Nation Ministries, 3313 Rio Grande Drive Garry Kevwitch & Jennifer Glubke, JGM Countertops, 516 Cypress Hill Drive Christi Gray, Ladybug Boutique, 2301 Evening Song Drive Edward Greer, Elite Executive Car Service, 2337 Elm Valley Drive Kenneth Hall & Scherrie Lawrence, Tittie Baby, 1612 Gayla Creek Drive Stacey Hamlin, Scene & Heard Performing Arts, 1432 Brandywine Lane Harbaugh Family Companies LLC, Harbaugh Cleaning Services, 2381 Sunshine Drive Harbaugh Family Companies LLC, The Harbaugh Joinery, 2831 Sunshine Drive Harbaugh Family Companies LLC, HFC RV’s, 2831 Sunshine Drive HN Forensic Consulting LLC, Quality Forensics, 1533 Yellowthroat Drive Starla Hock, Cookie Delish, 15008 Waters Drive Inspiration to Design LLC, Custom My Swag, 3612 Kern River Drive Daren Williams & Tiquencia Jackson & Lance McCullers, Premier Vibez, 201 E. Eldorado Parkway, Suite 2413 Raven Jones, Blazing Ten Time Manager, 2649 Annalea Lane Shahnaz Kamani, Iranian Deaf Ministries, 928 Lake Cypress Lane
James N. Kay, Jim Kay Services LLC, 2628 Deer Hollow Drive Fredrick Kazembe, Project Investments, 2185 Barx Drive Darryl Kuntz, Global Scholastic, 1901 Cliffrose Drive Kimberley Lehman, Lehman Recruiting, 2609 Whispering Trail Lawanna Lloyd, Lloyd’s Specialties, 2701 Little Elm Parkway, Suite 100-464 Carlos Sandoval, CCS Utility Construction LLC, 1039 Palomino Drive Michelle Masucci, Two Sifters, 3012 Sweetleaf Drive Joshua Melancon, J&J Construction, 611 Lakeshore Blvd. Sheila J. Miele, Inspiration to Design LLC, 3612 Kern River Drive Awilda Moore, Natural Simplicities, 500 Kenilworth Ave. NHR Investments LLC, Feelik Home, 1012 Barn Owl Drive Andy Lee Phillips, ThePlantedShops.com, 2633 Red Spruce Drive Rebecca Quattrini, Lux Aurea Photography, 200 E. Park St. Devin & Carie Ramsey, Quick Signs and Designs, 1020 Perennial Lane Kissia Thomas, Virtuous Residential & Commercial Lending, 14801 Lone Spring Drive Rhonda Herring Traylor, Herring Notary Services, 2665 Whispering Trail Benita Tubbs, BD Travel Expectation, 2848 Cresent Lake Drive Aimee Williams, Williams Interprise Inc., 2713 Vasey Oak Drive Princella Wilmore, PBJ Design, 2609 Harbor Lights Drive 76201 Keomealdey Dok, Kay D, 2640 W. University Drive, Suite 1266 Daniel Ebomwonyi, Soba, 905 Cleveland St. Jacquelyn Hill, Jackie’s Royalty Cleaning, 1000 Cleveland St., #9 Kiersten Williams, Metroplex Survival Swim, 1413 Broadway St.
NAME — DBA/ADDRESS
NAME — DBA/ADDRESS
NAME — DBA/ADDRESS
NAME — DBA/ADDRESS
76205 Adrianna Alvarez, Mty Interior Solutions, 1710 Sam Bass Blvd., Unit 1721 Bettina K. Brown & Marta Simmons-Wiechmann & Nanette G. Behning, OG Creations, 2105 Woodbrook St. Zachery Clark, Clark’s Custom Landscapes, 1528 Bayberry St. Tammy Davis, Blue Maud Cleaning Service, 616 Londonderry Lane, #205 Direct Market LLC, p.health-assistance.org, 1800 S. Loop 288, Suite 396, #613 Amber Duncan, Stop It Before It Starts, 1510 Ave. C Jamie Fowler, Amazin Valet AMZ, 1500 Paco Trail Cassandra Garcia, Hempisphere, 1407 Bernard St., Apt. 1022 Kristoffer T. Haase, Haase Wood Concepts, 115 S. Woodrow Lane Maxine Lindauer, Flowtrition of Denton, 723 S. Interstate 35E Maxine Lindauer, Denton Flow Center, 723 S. Interstate 35E Maxine Lindauer, Inner Life Consulting, 723 S. Interstate 35E Maxine Lindauer, Inner Life Energy Medicine, 723 S. Interstate 35E Alfred John McDonald, MAC Realty, 413 Smith St. Daniel McDonald, Denton Junk Removal, 3805 Seville Road Gilbert Valencia, Aviation Upholstery, 2007 Mercedes Road Danny Ray Smith Jr., IVLeague Barber College, 1100 Dallas Drive, Suite 116 Kendra Taylor, Eden Mae Boutique, 1800 S. Loop 288, Suite 396, #611 Derek Yuniwoh, JBS Group, 201 Inman St., #11203C
Jamie M. Aikins, Optimize Medical Billing Solutions LLC, 4609 Indian Paint Way Tyler & Katelyn Gregory, Gregory Group, 4406 Buckboard Circle Justin Huffaker, Good Bumblebee, 1907 Rocky Court Evan Ross, Midgard Operations, 206 Shahan Drive Donna Stephens, Stephens Management Services, 2801 Spencer Road, Apt. 2103
Kimberly LeCompte, Lantana Realty LLC, 1020 Hazel Drive Kimberly LeCompte, The Lantana Realty Firm, 1020 Hazel Drive Zink Services LLC, Argyle Maintenance Lawn Care, 440 N. U.S. Highway 377, #582 Zink Services LLC, Alex Morgan Lawn Care, 440 N. U.S. Highway 377, #582 PGGrands Inc., Global Recruiters of DFW North, 1151 Powell Road Bret Pels, AP1, 2650 E. FM407, Suite 145, #196 Bret Pels, F1 Funding, 2650 E. FM407, Suite 145, #196 Sandra Fernandez Rhoads, SF Rhoads Books, 1040 Noble Ave. Kelly Ross, Business Enrichment Resource Group, 911 Mistletoe Drive Nicole Van Zandt, Van Zandt Realty Services, 345 Canyon Oaks Drive
Pamela D. Scott, Consulting Content RX, 120 Stanley Drive, #865 Lari Taylor-Baker, The Hip Raven, 1100 Cotton Exchange Urquidez Trinity Services LLC, MGM Lawn Care, 9004 Greene Drive Urquidez Trinity Services LLC, Metro Grounds Maintenance, 9004 Greene Drive Dena Vandenberg, Fluffy Bums Egg Farm, 1900 Stephanie Court
76207 Justin Akers, Akers Wrecker Service, 2600 S. Bonnie Brae St. goBrands Inc., goPuff, 2401 Worthington Drive, Suite 136 Jennifer Haegele, Iron Cactus Boutique, 1927 Underwood Road Aaron Kolb, Dent Theories, 3210 Fallmeadow St. Cary H. Rice, Cary H. Rice, 3513 Meadow Trail Lane Charles & Elaine Sanger, Pilotage Publishing, 9624 Crestview Drive Deanna & Caleb Seigler, Mr. Penguin’s Munchie Machine, 509 W. Windsor Drive 76208 Paulina Sanchez & Rosimber Piedra, Pro Finish Custom Body Shop, 5501 Fishtrap Road, Suite 301
76210 James H. Barnhart, Jim’s Mega Magazines, 1706 Wildwood St. Michael Choate, L&S Group LLC DBA NextCloud Technologies, 4251 FM2181, #230-141 CPG Legacy LLC, MAC Legacy, 2800 Shoreline Drive, #105 CPG Legacy LLC, MAC Legacy Consulting, 2800 Shoreline Drive, #105 CPG Legacy LLC, MAC Legacy Coding, 2800 Shoreline Drive, #105 Deborah Crosek, DMLC Services, 3609 Andalusian Drive Michele D. Diaz, IC Print-Signs-Promo, 11911 Hilltop Road, #29 Miguel Espinosa, Convenience Car Wash, 2913 Briercliff Drive Andrea Gonzalez, J+A Co., 8205 Seven Oaks Lane Brenda & Arman Gonzalez, Blue Shine Window Cleaning, 3939 Teasley Lane, Lot 245 Carol Knott, Sue’s Musicians, 3705 Marquette Drive Mechelle McKelphin, Mechelle McKelphin Ministries, 1801 Moonsail Lane Allen Meyer, Meyer Enterprises, 2700 Old Alton Road Edwinna Mitchell, Mpact, 2312 Tahoe Lane Angela G. Newton, RAN Enterprises, 2300 Post Oak Drive Janel Platt, @ Chore Service Trash Valet, 2014 Crystal Springs Drive David Slatten, Dave Does it All, 3939 Teasley Lane, Lot 277 Christi Taylor, She Shed, 7101 Raintree Way Christi Taylor, She Shed Boutique, 7101 Raintree Way Praise Voss, Behold Body, 3804 Luck Hole Drive Youngman Investments LLC, Master Transmission, 2311 S. Interstate 35E 76226 Matt Baumhardt, Briarwood Lutheran Ministries DBA Briarwood Leadership Center, 670 Copper Canyon Road Resurgence Strategic Consulting Services, Resurgence, 4513 Stillhouse Hollow Lane Beau Weiss, F45 Training Little Elm, 26744 E. University Drive
76227 Jeffrey G. Atkins, Atkins Law Firm, 4600 Oak Shores Circle Erin Balon, Canine Cowboy, 2336 Oak Grove Lane Chris Gerlich & Jonathan Chambers, Luxury Environments, 8300 U.S. Highway 380, Suite 200 Klaus Dausmann, The Crazy German, 9037 Benevolent Court Joseph Brian Franze, Republic of Texas Tees, 8208 Yukon Lane Tonya Harris, HH Designs, 515 Brumley Road Calixto Francisco Wyatt Jimenez, Calixto Wyatt Ministries, 26850 E. U.S. Highway 380, Apt. 302 ZP-1 Investments LLC, ZDK Construction Services, 112450 U.S. Highway 380, Suite 130, #141 Jennifer Keeton, Lavish Skin & Wax, 1200 Millican Lane Wendy Kurrin, 5$ Divine Design by Paparazzi/Wendy Kurrin, 308 Carolota St. Sheila Mathis, North Texas Lawn and Tree Care, 806 Fairview Circle Shana McDaniel, Blue Line Travel, 1325 Squires Lane Chris Miller, Late Services, 1316 Live Oak Lane James Modisette, Texas Custom Contractors, 8712 Chisholm Trail Jeffrey Moore, Greaux Landscapes, 9236 Blackstone Drive Shane Morrell, Solid Axle Toys, 1875 FM1385 Eric Nichols, Baro Construction, 1010 Devonshire Drive Pidgey 5K LLC, Fun Bus, 1032 Holly Anne Lane Shambhu Pujari, Taurus Technologies Inc., 1521 Habersham St.
76249 Jessica Brown, North Sky Training Services, 1522 Sturgeon Trail Debra Jensen-Hatch, Compass Estate Sales and Consignments, 137 W. Sixth St. Keaton Meyer, 156 Produce, 3036 N. FM156 Sara Sanchez-Briceno, Sanchez Construction and More, 6512 Gregg Road Alejandro Tavera, All Texas Trees, 1649 Totem Pole Way 76258 Matthew Brock, M.L.M. Hardware, 12929 St. John Road Christopher Scott Countryman, Thready Designs, 9986 Copeland Place Maria L. De La Rosa, Fruteria y Neveria Lupita, 1001 N. Washington St. Nancy V. Lamb, My Own Creations By Nancy, 706 S. Washington St. Ana Luna, Al Grad Work, 10990 Hames Road 76266 Eddie Delka, Red Willow Construction, 440 Lake Ray Roberts Drive Ashley James Goin, AWKbots Aviation, 9080 Cripple Creek Court Troy Heimdal, TNT Sheet Metal, 455 B-7 Road Steven Keller, C&K Paint & Body, 301 N. Stemmons St. Savana King, Savvy Chic Rustic Boutique, 4007 Montecristo Lane Life Is Butter Dream LLC, The Messy Chef Bakeshop, 6220 Milam Ridge Road Shannon Long, Mana Massage Therapy, 308 Bolivar St. Carrol McKnight, Fox & Goose Supply Co, 11220 Lake Crest Drive James R. Rodgers, J B Rodgers Construction, 804 N. Keaton Road Lynn D. Stucky, Stucky Inc. DBA Stucky Veterinary Care, 5885 Canyon Road
BUILDING PERMITS The following building permits were issued by the Denton Planning and Development department in July. Commercial alterations and commercial permits reflect the owner or tenant and the address of the business. Residential permits include the address of the home. CERTIFICATE OF OCCUPANCY Kingswood Apartments, 3400 Joyce Lane Clubhouse Smoke King, 718 Hercules Lane 102 Vape ’N Vapor, 714 Fort Worth Drive The Bible Team, 726 Fort Worth Drive CW Floors & Lighting, 520 N. Loop 288 La Michoacana Meat Market, 2006 W. University Drive Maple Bear Mesa Drive LLC, 3118 Los Colinas Denton Truck and Auto Parts, 1715 Fort Worth Drive Irrigators Supply Inc., 5250 Dakota Lane 400 We Fix U Fitness LLC, 608 E. Hickory St., Suite 108 Stoke Denton, 608 E. Hickory St., Suite 128 Latter House Glory Tabernacle, 204 E. Prairie St. Taco Lady Mobile, 1101 E. McKinney St., Suite 101 Demanding Clothing & Home, 728 N. Elm St., Suites 100-102 Fakiroz25, 2201 S. Interstate 35E, TR-18 Beauty By Earth, 916 S. Locust St. CBD Life, 326 E. McKinney St., Suite 102 NT Window Tint, 2321 N. Masch Branch Road, Suites 309-310 Adventureland Early Learning Center, 1407 Fulton St. Sign and More Denton, 2321 N. Masch Branch Road, Suite 306 Bully’s Vapor, 1776 Teasley Lane, Suite 112 COMMERCIAL ALTERATION The Retreat at Denton, 155 Precision Drive Rose & Thorn Clothing Co., 216 W. Oak St. James Wood Cadillac, 3906 S. Interstate 35E Walgreens, 101 W. University Drive DSW, 1800 S. Loop 288, Suite 240 Steve Severence, 111 Industrial St. T-Mobile, 3024 Lovers Lane T-Mobile, 1217 W. Oak St. Anixter, 1550 N. Western Blvd., Building 1, Suite 160 Denton Central Appraisal District, 3901 Morse St. THR Presbyterian Hospital–Denton, 3000 Interstate 35, First Floor PSG Texas Bone & Joint, 3537 S. Interstate 35E, Suite 112 Park 7 Development LLC, 1519 Scripture St. Shadow Wood Apartments, 612 Londonderry Lane, Suite 102 John Paul II Catholic Church, 909 McCormick St. Vintage Health Care Center, 205 N. Bonnie Brae St. Stocker Woods Financial, 3000 Wind River Lane, Suite 110 Bright Mosaic, 1160 N. Bonnie Brae St. Redeemed Christian Church of God, 514 N. Elm St. Crown Castle, 1720 W. University Drive RESIDENTIAL Epic Hill Homes LLC 727 E. Prairie St. DR Horton 3608 Robbie Run 113 Samuel St. 213 Sunken Meadow Court 216 Sunken Meadow Court 201 Samuel St. 3612 Robbie Run 3600 Skelton St. Pulte Homes 6512 Woodmere Court 6524 Cedarhurst Court 6609 Cedarhurst Court LGI Homes 5501 Zara Drive 5505 Zara Drive 5509 Zara Drive 5513 Zara Drive 5500 Zara Drive 5504 Zara Drive 5508 Zara Drive 5512 Zara Drive 5408 Zara Drive 5412 Zara Drive 5413 Zara Drive 5417 Zara Drive McClintock Homes 1009 Larch Lane
2018 CHEVROLET LCF 4500 REGULAR CAB 4X2
14,500 GVWR GAS CHASSIS 16 FT. SUPREME BOX • MAXON 2000 LIFTGATE
2018 EXPRESS 4500 4X2, SUPREME INER-CITY CUTAWAY VAN 14 FOOT BOX
Plus Tax, Title & License
Plus Tax, Title & License
2018 CHEVROLET LCF 4500 REGULAR CAB 2018 ISUZU NPR-HD REGULAR CAB 4X2, 4X2, SUPREME SIGNATURE VAN DRY FREIGHT SUPREME SIGNATURE VAN DRY FREIGHT INCLUDES DEMO DISCOUNT
16 FT. SUPREME BOX
Plus Tax, Title & License
Plus Tax, Title & License
VAN CLEARANCE SALE
Vans in-stock from 12 to 20 feet, with and without liftgates. Several models to choose from in gas or diesel and varying GVWR’s. Please call Commercial Sales at 940-210-7443 for assistance! TEXAS’ TRUCK CAPITOL /
History Maker Homes 5629 Marina Drive 5513 Portola Lane 5517 Portola Lane 5521 Portola Lane 5604 Las Lomas Lane 5628 Wharfside Place 5613 Las Lomas Lane Robson Ranch 12400 Pepperidge Ave. 9809 Silver Rock Way 10200 Lindenwood Trail 9409 Claridge Drive 10301 Lindenwood Trail 9601 Arkose Drive 9933 Flint Way
COMMERCIAL TRUCK CENTER
Trendmaker Homes DFW 3820 Carmel Hills Drive First Texas Homes 7717 Castle Pines Lane 7808 Falcon Ridge Road 7820 Alders Gate Lane 7701 Alders Gate Lane 7816 Castle Pines Lane 7612 Echo Hill Lane 7813 Alders Gate Lane 7621 Castle Pines Lane Sandlin Homes 9412 Lakeway Drive Gehan Homes 9713 Creekmere Drive
Take Exit 462 Off I-35E South
940-210-7443 BFOGLE@JAMESWOOD.COM WWW.COMMERCIAL-TRUCKS.COM I35E SOUTH @ EXIT 462, DENTON
CHEVROLET LCF 4500 REGULAR CAB: Stock #284168. MSRP: $59,634. James Wood Discount: $14,144. Dealer Cash: $3,500. Upﬁt Cash: $1,000. Sale Price: $40,990 Plus Tax, Title and License. CHEVROLET EXPRESS 4500: Stock #284315. MSRP: $47,087. James Wood Discount: $7,397. Upﬁt Cash: $1,200. GM Rebate: $3,500. Sale Price: $34,990 Plus Tax, Title and License. CHEVROLET LCF 4500: Stock #284169. MSRP: $65,542. James Wood Discount: $17,592. Rebate: $3,500. Upﬁt Cash: $1,000. Sale Price: $42,990 Plus Tax, Title and License. Includes DEMO Discount. ISUZU NPR-HD REGULAR CAB 4X2: Stock #284498. MSRP: $59,380. James Wood Discount: $14,230. Rebate: $2,250. Sale Price: $42,900 Plus Tax, Title and License.
CHAMBER SPOTLIGHT #DentonMeansBusiness UPCOMING EVENTS
DENTON ISD NEW EMPLOYEE RECEPTION
JULY MEMBERSHIP MIXER Sponsored by North Texas Fair & Rodeo
RIBBON CUTTINGS Behavioral Innovations July 18, 2019
Sweetwaters Coffee & Tea August 6, 2019
Walmart at Rayzor Ranch July 12, 2019
UPCOMING RIBBON CUTTINGS
Thursday, August 22 4:00 PM 2721 Shoreline Drive #120 Denton, TX 76210
iKids Pediatric Dentistry Denton, PLLC 1212 Bent Oaks Ct. #100 Denton, TX 76210 (817) 466-8554
NEW MEMBERS Mossy Oak Properties of Texas
Connections Primary Care
Jill Jester....................................... Chair of the Board Jeff Reecer ..........................Chair-Elect of the Board Erik Clark ............ Immediate Past Chair of the Board
Lynn Stucky Campaign P.O. Box 464 Denton, TX 76202 (972) 998-6794
4000 W University Dr Denton, TX 76207 (817) 865-3103
Kelly Peace | REMAX Legacy
2721 Shoreline Dr #120 Denton, TX 76210 (940) 205-6584
US Cold Storage
Tuesday, September 17 11:00 AM 3255 Jim Christal Road Denton, TX 76207
Wednesday, August 28 10:00 AM 2219 S Loop 288 #114 Denton, TX 76205
1400 S Loop 288 #116 Denton, TX 76205 (940) 800-1944
WINC POWER LUNCHEON
Samuel’s Tree Service, LLC P.O. Box 2213 Denton, TX 76202 (940) 595-3335
3111 Unicorn Lake Blvd #110 Denton, TX 76210 (940) 297-6467
Interested in Membership? Call 940.382.9693
212 S Elm St Denton, TX 76201 (940) 220-8007
DENTON CHAMBER OF COMMERCE BOARD OFFICERS Carrell Ann Simmons.......................................................Treasurer Shannon Mantaro ...............Vice-Chair, Membership Development Lee Ramsey .....................................Vice-Chair, Special Initiatives
Marty Rivers ................Vice Chair, Economic Development Rick Wick............................... Vice-Chair, Affiliate Relations
Lee Allison • Jason Bodor • Roy Culberson • Brian Danhof • Sheryl English • Monica Glenn • Gary Henderson • Michelle Houston • Jeff Pritts • Pat Sherman • Randi Skinner • Kristi Stokes
EX OFFICIO DIRECTORS
Hugh Coleman................................................ Pct. 1, Denton County Commissioners Court Hank Dickenson .........................................................................Chair, CVB Advisory Board Carine M. Feyten, Ph.D. ....................... Chancellor & President, Texas Woman’s University Kerry Goree ..............................................President, Denton Black Chamber of Commerce
414 W. Parkway Denton, TX 76201 940.382.9693 Denton-chamber.org DE-19194
Mia Price...............................................................President, Denton ISD Board of Trustees Neal Smartresk.............................................................President, University of North Texas Chris Watts ......................................................................................... Mayor, City of Denton