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Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

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Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

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T&P Warehouse: Historic building remains in limbo as area redevelops

For years, the historic T&P Warehouse on West Lancaster Avenue downtown, built in 1931 to house freight for the Texas Pacific Railway, has sat vacant and deteriorating.

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Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

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Glen Garden sale closes, distillery on tap

Firestone & Robertson Distilling Co. closed late Wednesday on its purchase of the historic Glen Garden Country Club in southeast Fort Worth, with plans to convert it into a whiskey distillery and bucolic visitor attraction.

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Airlines seek Nov. court date for merger lawsuit

DAVID KOENIG, AP Airlines Writer


DALLAS (AP) — American Airlines and US Airways want a trial in the government's lawsuit against their proposed merger to start in November, three months sooner than the date picked by federal officials.

The airlines estimated that the trial would last 10 days, meaning that even if they win, the merger won't close until late this year.

American parent AMR Corp. had hoped to complete the merger and come out of bankruptcy protection in September. It said in a court filing Thursday that the delay is costing AMR $500,000 a day in professional fees such as lawyers' bills for its bankruptcy case.

The merger was steaming toward final approval this month until the U.S. Justice Department and six states threw up a roadblock. They filed a lawsuit in federal district court in Washington, D.C., to stop the merger, saying it will reduce competition and lead to higher fares and extra fees for consumers. The Justice Department favors a trial starting no sooner than Feb. 10.

The case might never get to trial. The airlines are likely to keep trying to negotiate a settlement that would require concessions — at a minimum, giving up takeoff and landing slots at Reagan National Airport outside Washington — but allow the merger to go ahead. Publicly, however, both sides have sounded as if they're ready to fight, not talk.

US Airways Group Inc. CEO Doug Parker, who would run the combined company, said in a message to employees Thursday, "We are eager to get to court so that we can make our case and explain exactly how this merger enhances competition across the US and the globe."

Parker and AMR CEO Tom Horton argue that their merger would help consumers by creating a third giant airline roughly the size of United and Delta. The Justice Department argues that it will hurt competition by leaving just four airlines — United, Delta, Southwest and the post-merger American — controlling more than 80 percent of the U.S. air-travel market.

The airlines asked the court for a Nov. 12 trial. The Justice Department hasn't yet requested a date.
 

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Did the College Football Playoff Committee get it right?