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Group buys former Armour meatpacking site in Stockyards

The 16.8-acre site of the historic, former Armour meatpacking plant in Fort Worth’s Stockyards has changed hands, and its new owners aren’t saying anything about their plans. Chesapeake Land Development Co., which bought the site

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Hulen Pointe Shopping Center sold

Hulen Pointe Shopping Center, located in southwest Fort Worth on South Hulen Street one mile south of Hulen Mall, has been purchased by Addison-based Bo Avery with TriMarsh Properties for an undisclosed price.

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Dallas-Fort Worth in top five commercial real estate markets in 2015

According to the Emerging Trends in Real Estate 2015 report, just co-published by PwC US and the Urban Land Institute (ULI), Dallas-Fort Worth ranks No. 5, with two other Texas cities, Houston and Austin ranking at No. 1 and 2 respectively. San Francisco ranks No. 3 and Denver No. 4.

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Social House Fort Worth plans to open mid-November

Social House has leased 5,045 square feet at 2801-2873 W Seventh St. in Fort Worth, according to Xceligent Inc.

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Fort Worth temporarily stops issuing new home permits in TCU area

The moratorium will give a committee and the City Council time to review a proposed overlay that will pare the number of permissible unrelated adults living in the same house.

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Approach Resources prices bond offering

 

A. Lee Graham
Reporter

Approach Resources Inc. of Fort Worth has announced the pricing of its $250 million public offering in aggregate principal amount of 7 percent senior notes due 2021.
The notes were priced at par. Their sale is expected to settle on June 11, 2013, subject to satisfying customary closing conditions.
The company said it intends to use net proceeds from the offering to repay the outstanding indebtedness under its revolving credit facility, to fund capital expenditures and for general working capital needs.
Acting as joint book-running managers of the offering are J.P. Morgan Securities LLC, RBC Capital Markets and KeyBanc Capital Markets. The notes are being offered through a prospectus supplement and accompanying base prospectus, copies of which are available at J.P. Morgan Securities LLC, 383 Madison Ave., 3rd Floor, New York, NY 10179, Attention: Syndicate Desk, or by calling 800-245-8812.
When available, electronic copies of the prospectus supplement and accompanying base prospectus may be obtained free of charge at www.sec.gov.
Approach Resources Inc., an independent oil and gas company with core operations, production and reserves in West Texas’ Permian Basin, operates about 148,000 net acres in that region. More information is available at www.approachresources.com.

 

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