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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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Buffett's Berkshire dumps Gannett, buys Dish Network

 

Aaron Smith

NEW YORK (CNNMoney) -- Warren Buffett's investment firm Berkshire Hathaway dumped its shares of newspaper giant Gannett according to SEC documents, and took a new position in Dish Network.

In a filing with the Securities and Exchange Commission, Berkshire Hathaway said it held no shares of Gannett Company Inc. in the second quarter, which ended June 30. In the first quarter it held 1.7 million shares of Gannett worth about $38 million.

Buffett has expressed interest in newspapers in the past, having purchased dozens of local papers, including The Press of Atlantic City in New Jersey and the Roanoke Times in Virginia.

Buffett said in his annual letter to shareholders in March that he and business partner Charlie Munger "love newspapers" and "believe that papers delivering comprehensive and reliable information to tight-knit communities that also have a sensible Internet strategy will remain viable for a long time."

Indeed, Berkshire is currently the largest outside investor in The Washington Post Co. and has held the stock for four decades. As of June 30, Buffett's firm held more than 1.8 million shares of the Washington Post Company. Still, when the company's flagship newspaper went up for sale, Berkshire didn't step in to buy the company. Instead, Amazon founder Jeff Bezos snapped up the struggling newspaper for $250 million on August 5.

Berkshire also purchased about 547,000 shares of Dish Network in the second quarter, worth about $23 million. The firm already held more than 33 million shares of rival cable company DirecTV, worth about $1.3 billion.

That move comes amid speculation that the two cable network rivals should merge.

Additionally, Berkshire Hathaway bought 17.8 million shares of Canadian oil tar sands company Suncor Energy in the second quarter, worth $524 million.

Buffett's firm ramped up its ownership of General Motors in the second quarter, to 40 million shares worth more than $1.3 billion, up from to 25 million shares in the previous quarter.

The investment firm made little or no adjustments to its extensive holdings of American Express, Bank of New York Mellon, Coca Cola, ConocoPhillips, International Business Machines, Procter & Gamble and Wells Fargo, to name a few

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