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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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OC Register owner buys Riverside, Calif., paper from Belo

 

JUSTIN PRITCHARD, Associated Press


LOS ANGELES (AP) — The publisher of the Orange County Register is expanding its bet on the profitability of printed newspapers with the $27 million purchase of The Press-Enterprise of Riverside.

The deal was announced Thursday by the Register's privately held parent company, Freedom Communications Inc., and Dallas-based A.H. Belo Corp., which has owned The Press-Enterprise for 16 years.

Freedom Communications will acquire the newspaper, production facility and land about 50 miles east of Los Angeles. The deal is expected to close in mid-October.

In the six months that ended March 31, The Press-Enterprise had an average circulation of 138,000 on weekdays and 161,000 on Sundays, according to the Alliance for Audited Media.

The acquisition is the latest for Freedom Communications CEO Aaron Kushner, who bought the Register a year ago and has since increased its staff size and page counts. His company publishes four daily newspapers, including the Long Beach Register, which was launched in August to compete with the Long Beach Press-Telegram, founded more than a century ago.

Kushner's approach to newspapering has attracted some skepticism among those who cite the long-term decline of print circulation and the increasing delivery of news online.

In an interview Thursday, Kushner said he doesn't "wake up in the morning thinking about what other people are doing" but rather about how he can "help the community grow." He wouldn't specify how The Press-Enterprise might change other than that the paper would be "giving more value to subscribers."

"That does typically mean that you need more journalists and more pages," he said.

Nels Jensen, the paper's editor and vice president of news and content, cited Kushner's emphasis on community as an encouraging sign.

"There's always an anxious time when you're sold, that's understandable," Jensen said of his staff's reaction to the news. "There's uncertainty about what happens next, but there's guarded optimism that there'll be investments in local sales and local news."

With an arc of publications that now stretches from the coast well into Southern California's interior, might Kushner pursue the largest newspaper in the region, the Los Angeles Times? He has expressed interest, and the paper's owners, the Tribune Co. of Chicago, have announced plans to sell properties in its chain.

On Thursday, Kushner said he "couldn't comment on that one today."

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