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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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Range Resources production, profit surge in 2Q
 
 
A. Lee Graham
Reporter
 
Range Resources Corp. of Fort Worth has reported more than doubling its profit in second-quarter 2013 as the oil land gas company enjoyed a hefty production spike.
Revenues for the quarter totaled $673 million, 50 percent higher compared to the same quarter last year, while daily production reached a record of 910 million cubic feet equivalent of oil, a 27 percent increase over the same quarter last year.
Meanwhile, company profits totaled $144 million, or 88 cents per diluted stock share, up 159 percent compared to $56 million, or 34 cents per diluted share, in the same quarter last year.
Natural gas, natural gas liquids and oil sales rose 47 percent to $437.7 million
“With the progress made during the first half of 2013, we are focused on the higher end of our production growth range for 2013,” said president and CEO Jeff Ventura in a news release.
Leading the company’s growth was its approximate 1 million-acre leasehold in Pennsylvania, anchored by the Marcellus Shale.
“We believe that our 20 percent to 25 percent production growth that we expect to deliver for many years, coupled with the high returns, low cost and low reinvestment risk will drive substantial per-share value for our shareholders for years to come,” Ventura said.
Range Resources Corp. is an independent oil and natural gas producer focusing its operations in Appalachia and the southwest portion of the United States. More information is available at www.rangeresources.com
 
lgraham@bizpress.net
 

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