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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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Hewlett Packard chairman steps down

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NEW YORK (CNNMoney) -- Ray Lane will step down as chairman of Hewlett-Packard after a rocky two-and-a-half-year tenure, the company announced on Thursday.
Lane's time as chairman was marked by several scandals, a tumultuous change in leadership and a mostly plummeting stock price.
His departure isn't all that surprising. In a vote held last month, HP reported that 41 percent of shareholders voted against Lane's reelection as chairman.
"After reflecting on the stockholder vote last month, I've decided to step down as executive chairman to reduce any distraction from HP's ongoing turnaround," said Lane in a statement. "I'm proud of the board we've built and the progress we've made to date in restoring the company."
Lane said he will remain on the company's board. Directors John Hammergren and Kennedy Thompson, who received 45 percent and 46 percent of the votes against their reelection, will step down in May.
Lane was brought in as chairman of HP after CEO Mark Hurd was unceremoniously ousted in a sex and expense report scandal. Brought in alongside then-new CEO Leo Apotheker, Lane shook up the company's board, ousting the directors involved in Hurd's hiring. One of the new directors was eBay CEO Meg Whitman, whom Lane hand-picked, according to Fortune.
A year later, Lane gave the thumbs-up to Apotheker's plan to buy British software company Autonomy for $11 billion, kill off the just-released TouchPad tablet and possibly spin off HP's PC division.
The strategy was unveiled on Aug. 18, 2011, and the stock tanked 20 percent the next day. A month later, Lane announced that Apoteheker had been fired and would be replaced by Whitman.
Whitman's reign as HP CEO has been rocky. The company announced last December it would write down $8.8 billion of Autonomy's value -- $5 billion of which was due to alleged accounting fraud. Shares tumbled to their lowest point in a decade.
The company's stock has since recovered, surging nearly 57 percent this year -- though shares are only half as valuable as when Lane took over as chairman in November 2010.
Prior to joining HP, Lane was the managing partner of venture capital firm Kleiner Perkins, investing mostly in enterprise software companies. Before that, he was president and chief operating officer at Oracle. Lane left Oracle in 2000 after reportedly clashing with CEO Larry Ellison.
After Lane took over as HP's chairman, HP picked several fights with the software giant. The HP-Oracle feud is even juicier considering that Hurd is now the president of Oracle.
Company Director Ralph Whitworth will serve as HP's interim chairman while the board searches for Lane's replacement.

 

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