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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 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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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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Bell, union reach agreement

Union members ratified a new five-year contract with Bell Helicopter on Oct. 13, officials at United Auto Workers Local 218 confirmed.

The new contract was approved by the United Automobile, Aerospace and Agricultural Implement Workers of America (UAW), and UAW Local 218 membership, which represents about 2,400 of the company’s production and manufacturing employees. According to the Local 218 website, 93 percent of the workers voted in favor of the contract.


“I’m very pleased that UAW Local 218 and Bell Helicopter have worked together to successfully reach an agreement on a new contract,” said John L. Garrison, president and CEO of Bell Helicopter. “This contract allows us to continue to compete in the competitive, global marketplace – providing our customers with the differentiated, cost-competitive products they need to save lives and protect our freedoms."

Workers had staged a one-day strike in September during contract negotiations.

In other Bell Helicopter news, the company announced Oct. 11 it has reached agreement with its independent representative, Reignwood Investment Ltd. for the purchase of 12 Bell helicopters, including 10 Bell 407 and two Bell 429 aircraft. In addition to this agreement, Bell Helicopter also entered in to a memorandum of understanding with Reignwood to explore future business opportunities in the China market. - Robert Francis

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