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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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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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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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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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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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McLean Ranch in Amarillo fetches $16.8 million in auction
 
A. Lee Graham
Reporter
 
The 16,000-acre McLean Ranch in Amarillo sold for $16.8 million in a Thursday auction lasting longer than four hours.
 
Presented by Assiter Auctioneers, the event drew 109 bidders to the ranch owned by Amarillo developer George Chapman.
 
"The auction was everything we could have asked for. Mr. Chapman is happy, the lenders are happy, and 19 buyers who now own parts of the ranch are happy," said Spanky Assiter, chairman and founder of the Amarillo-based auction company, commenting in a news release.
 
Assiter’s company marketed the property and conducted the auction.
Assiter took bids on the property’s 43 individual tracts before accepting bids on combinations of tracts.
 
Assiter said the auction answered numerous questions about the land and its future.
 
"When we opened up for bidding, nobody knew what the land would bring, whether it would all go to one big bidder or sell to a larger number of smaller bidders. But ultimately, it turned out that a number of different folks wanted parts of this land for grazing, recreation and probably other uses. That's how an auction works," said Assiter.
 
The ranch is known for its game and fishing. It spans more than five miles of creeks and six lakes.
 
lgraham@bizpress.net
 

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