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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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U.S. business travel continues upswing report says

 

Signs of a healthier domestic economy, including steady job gains and higher consumer confidence, are encouraging companies to increase their investment in domestic travel, according to a recent report from the Global Business Travel Association.
The quarterly report, GBTA BTI Outlook-United States 2013 Q2, predicts that domestic business travel spending should continue to climb through 2013.


Business travel spending is now expected to reach $273.3 billion – an upgrade from last quarter’s forecast of $268.5 billion for the year, and a 4.3 percent increase over 2012.


“With the U.S. economy moving into a more stable growth mode, companies are seizing on opportunities closer to home,” said Michael W. McCormick, GBTA executive director and chief operations officer. “The rise in domestic business travel spending is a positive sign of increasing business confidence and bodes well for future employment growth.”


The GBTA report finds that solid growth in travel spending is not being driven by rising prices alone. “Real” travel spending growth per trip (the increase after accounting for travel price inflation) is projected to hit 1.3 percent this year, compared with 0.3 percent in 2012.
Sponsored by Visa Inc., the GBTA report is a proprietary index of business travel activity. The report includes key buy-side metrics such as total business travel volume and spending, plus supply-side projections of changes in costs, across both transient and meetings travel.


“It’s encouraging to see the return and increase of domestic business travel,” said Tad Fordyce, head of Global Commercial Solutions at Visa Inc. “These increases are positive reinforcements that travelers are regaining confidence in our own economy and re-investing in the growth of their businesses. We hope to see these increases have a ripple effect on international travel in key markets in the coming future.”


The report, the 12th in a series, also showed steady growth in both group travel spending and global business travel spending.
International outbound business travel spending is expected to grow by 3 percent in 2013 to $33.1 billion – a slight decline from last quarter’s projection of $33.3 billion. This is due in part to a softening in the economies of key U.S. export markets, including China and the Euro-zone.


Group travel spending should also continue to grow in 2013, rising by 5.3 percent to $117.1 billion. However, GBTA expects group travel volume to fall slightly by 0.3 percent in 2013 to 166 million person-trips, driven by some continued corporate constraints on meetings activity.

bdillard@bizpress.net

 

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