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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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Fort Worth firm invests in Arlington health care company

Betty Dillard 

bdillard@bizpress.net

NorthStar Anesthesia, a national anesthesia management company headquartered in Arlington, has secured a significant investment from TPG Growth, the middle market and growth investment platform of Fort Worth-based TPG.
TPG Growth now has a controlling stake in NorthStar.
Terms of the transaction were not disclosed.


Matthew Hobart, partner at TPG Growth, said his company expects to see continued consolidation in the anesthesia management industry, with NorthStar at the forefront of this trend.
“The anesthesia management industry is undergoing tremendous transformation as hospitals, facing additional pressured by the Affordable Care Act, seek to further reduce costs and increase efficiencies, while maintaining the highest quality of care,” Hobart said in a news release.


TPG Growth has $3.5 billion under management and is backed by the resources of TPG, which has $55.3 billion in assets under management.
Founded in 2004, NorthStar Anesthesia operates in eight states and currently employs more than 600 providers.
Chris Riopelle recently joined as chief executive officer of NorthStar. The company’s co-founders Dr. Phillip W. Eichenholz and Neil Dwayne Neal remain as senior members of the company’s management team as president and executive vice president, respectively.
Riopelle has nearly 20 years of experience in the health care industry. Prior to joining NorthStar, he spent 10 years as a senior executive with DaVita and also served as chief operations officer of La Vie Care Centers.
 

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