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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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Funding on way for I-35W project

Fort Worth - One of the most congested freeways in the state will finally see some relief.
The 6.5-mile stretch of road on Interstate 35W from Interstate 30 north to the junction of Loop 820, part of the larger North Tarrant Express project, achieved financial close on Thursday, meaning funding for the $1.4 billion project is secured. The project, known as Segment 3A of the NTE, will take about four years, finishing in 2018.
The contract was awarded to Cintra US, an Austin-based subsidiary of Madrid-based Cintra.


“This is a huge win for Texas, and demonstrates significant market confidence in this public-private partnership,” said Nicolas Rubio, president, Cintra US, in a news release. “Through this innovative public-private partnership, the Texas Department of Transportation (TxDOT) and the North Central Texas Council of Governments (NCTCOG) have utilized the strength of the private sector to deliver this project years sooner than otherwise possible and at vastly reduced public costs, while creating local job growth and fostering economic development for the region.”


The construction of Segment 3A of the NTE will rebuild 6.5 miles of the existing main lanes of I-35W, construct new, expanded frontage roads, and expand the highway with the addition of two TEXpress lanes (or managed toll lanes) in both directions, doubling the capacity of the highway. The 3A Segment extends from I-30 in downtown Fort Worth up to and through the I-35W/I-820 interchange. Construction is expected to begin this fall. Segment 3B is being constructed by TxDOT and will be operated by NTEMP3.
NTEMP3 is led by Cintra USand Meridiam Infrastructure. The equity members also include the Dallas Police and Fire Pension System and APG. The project is being financed through a combination of public and private funds: $531 million from a federal TIFIA (Transportation Infrastructure Finance and Innovation Act) loan; $430 million in private equity from investment partners; $274 million in Private Activity Bonds (PABs) maturing in 25 and 30 years (which were 2.5 and 4 times oversubscribed respectively); and $127 million in public funds from TxDOT and NCTCOG.
 

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