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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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US seeks to delay American/US Airways-merger trial until March

DAVID KOENIG, AP Airlines Writer


DALLAS (AP) — The U.S. government wants to wait until March for a trial on its lawsuit aimed at blocking the merger of American Airlines and US Airways, a deal that would create the world's biggest airline.

The airlines want to start the trial in November. They had hoped to close the merger next month, but that was before the U.S. Justice Department and six states filed the antitrust case two weeks ago.

The Justice Department said in a court filing Tuesday that given the stakes in the merger, it needs until March 3 to develop evidence and prepare for trial. It accused the airlines of rushing the case.

The lawsuit is the last obstacle preventing American Airlines parent AMR Corp. from closing the merger and emerging from nearly two years of bankruptcy protection.

In a written statement, AMR and US Airways Group Inc. said that the government's request was slow and unreasonable after a Justice Department investigation that they say lasted 16 months. The carriers approached the Justice Department before the deal was publicly announced in February.

"Unnecessary delays also prevent American's financial stakeholders, which includes creditors, shareholders and employees, from realizing the benefits and improved certainty that will come from American's emergence from Chapter 11," they said.

The Justice Department said that the airlines shouldn't use the bankruptcy case to justify a quick trial on the antitrust lawsuit. It said that AMR and US Airways knew all along that that an antitrust challenge was possible.

Colleen Kollar-Kotelly, the federal judge in Washington, D.C., who is hearing the case, plans to hold a conference on the trial schedule Friday.

The Justice Department originally sought a Feb. 10 start, but pushed it back after the judge said she had a long criminal trial scheduled to begin Jan. 14.

The government argues that the merger will reduce competition and drive up the cost of travel for consumers. It would leave more than 80 percent of the U.S. travel market in control of four airlines, down from five.

On Monday, AMR reported a profit of $292 million for July. Excluding restructuring costs, it was the biggest one-month profit in the company's history, according to CEO Tom Horton. The Justice Department took note of that.

American's restructuring has been "extraordinarily successful," the department said, and the airline can "compete as a strong and vibrant standalone firm."

American and US Airways Group Inc. said that the merger would increase competition by creating "a stronger alternative to Delta, United, Southwest and others."

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