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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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Area residents charged in Ponzi scheme with Euless ties

 

DALLAS (AP) — Two Dallas residents have pleaded guilty to medical investment-related fraud in what investigators call a $10 million Ponzi scam.

Federal prosecutors in Dallas on Wednesday announced guilty pleas from 50-year-old Duncan MacDonald III and 71-year-old Gloria Ann Solomon.

Both could get five-year prison terms after pleading guilty to conspiracy to commit wire fraud. MacDonald and Solomon could also be required to pay fines of up to $250,000 and make restitution.

Investigators say the scheme ran from 2006 through September 2012 when MacDonald was president of Global Corporate Alliance, Inc. Solomon was chief administrative officer of the company with offices in Addison and Euless.

Prosecutors say the case involved the sale of insured health care benefit programs with promises of big returns based on high management fees and securing more investors.

 

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