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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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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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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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GE rises most in year with equipment order increases, including at Fort Worth locomotive unit

NEW YORK — General Electric Co. beat analysts' profit estimates in the third quarter as Chief Executive Officer Jeffrey Immelt squeezed more costs from the manufacturing units.

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D.R. Horton reports 3Q

 

Fort Worth-based D.R. Horton Inc. announced Thursday its third-quarter profit fell to $146 million, or 42 cents per share, down from $787.8 million or $2.22 per share a year earlier. The year earlier quarter included a non-cash tax benefit of $716.7 million from a reduction. Revenue was up 47 percent to $1.6 billion compared to $1.1 billion a year earlier.


Donald R. Horton, Chairman of the Board, said, “Our homebuilding and financial services operations delivered strong results again this quarter, with a 580 basis point improvement in our pre-tax income margin to 12.1 percent and a 184 percent increase in our pre-tax income to $205.1 million,” said Donald R. Horton, chairman of the board. “ Homes sold, closed and in backlog all increased double-digit percentages, while the dollar values all increased 30 percent or more. Our average sales price increased 15 percent to $268,000, reflecting pricing power across most of our markets and increased demand from move-up buyers.”
 

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