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Fort Worth to consider adopting 15-year Cavile Place redevelopment plan

The 300-unit Cavile Place housing project in Southeast Fort Worth would be razed and replaced in phases, with a significant number of the units redistributed into the neighborhood.

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Residential land at Chisholm Trail Ranch purchased

Stratford Land, Legacy Capital Co. and the Walton Group of Cos. have snapped up 268 acres of residential land at Chisholm Trail Ranch in Fort Worth.

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Fort Worth payment processor acquired by pension plan group

Fort Worth-based First American Payment Systems has been acquired by an investor group led by the Ontario Teachers’ Pension Plan (Teachers’), with participation of members of the First American management team.

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Texas adds 19,100 nonfarm jobs in June; Fort Worth-Arlington jobless rate 5.3 percent

Seven of Texas' 11 major industry segments added jobs in June, the Texas Workforce Commission reported.

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Fort Worth council members approve Cavile Place redevelopment plan

The vote kicks off what officials say will be a 10-15-year implementation.

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Sabre names former Continental CEO as chairman

 

SOUTHLAKE, Texas (AP) — Sabre Holdings, owner of online travel agency Travelocity, said Wednesday that former Continental Airlines CEO Larry Kellner will become its chairman.

Privately-held Sabre separated the roles of CEO and chairman when Tom Klein became CEO last month, replacing Sam Gilliland, who remained on the board of directors.

Kellner was chief financial officer, president, chief operating officer and finally chairman and CEO at Continental. He left the airline in 2009 to join a private equity firm. Continental was acquired by United Airlines the following year. He is on the boards of Boeing Co., Chubb Corp. and Marriott International Inc.

Sabre originated as the technology division of American Airlines and was spun off as a separate company in 2000. Private equity firms TPG and Silver Lake Partners took it private in 2007. It provides technology services to airlines and other travel companies.
 

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