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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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FTS International announces proppant, logistics assets sale
 
A. Lee Graham
Reporter
 
FTS International Inc. of Fort Worth has entered into an agreement to sell all assets of its proppant business and related logistics assets to Fairmount Minerals.
Terms of the transaction were not disclosed.
Proppants such as sand are used to keep hydraulic fractures open when extracting natural gas.
“This is a winning partnership for FTSI, our employees and our customers,” said CEO Greg Lanham in a news release.
“The sale of these assets will enable FTSI to further streamline our business strategy and place greater focus on our core well completion business,” Lanham said.
The deal sees Santrol, a Fairmount Minerals company, supply FTSI’s future proppant needs. Fairmount Minerals, based in Chesterland, Ohio, produces industrial sand.
The transaction is expected to include substantially all of FTSI’s sand mines, raw sand processing plants, resin coating plants, railroad transload sites and various other properties and facilities.
The company said it will retain its “last mile” trucking operations used to transport proppant from transload sites to well locations.
The company will use net proceeds from the sale for debt reduction. The sale is expected to close by the end of third-quarter 2013. 
Acting as financial adviser to FTS in the transaction was Wells Fargo Securities LLC.
FTS International provides well-completion services for the oil and gas industry. More information is available at www.ftsi.com.
 
lgraham@bizpress.net

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