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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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Jury finds BP negligent in Texas emissions event

GALVESTON, Texas (AP) — BP was negligent and responsible for a 41-day emissions event in 2010 at its Texas City refinery, but there isn't enough evidence linking the pollution to illnesses, a Galveston jury has found.

BP PLC has said that 500,000 pounds of toxic chemicals were released into the air when there was a technical problem at the refinery. The emissions event coincided with the company's efforts to plug a major oil spill in the Gulf of Mexico.

The jury on Oct. 10 unanimously agreed that the company was responsible for the pollution, but only one person wanted to award damages. Three people who said they became ill due to the pollution testified at the trial that began Sept. 11. The trial was designed as a test for a larger suit that includes 45,000 people. The jury deliberated for two days and three hours before reaching a verdict.

BP reached a settlement with Texas in November 2011 to pay an unprecedented $50 million fine for repeated violations at the aging refinery along the Gulf Coast. The settlement included the 2010 emissions event. The company also faces a $1 billion class-action lawsuit for a 15-day gas leak in November 2011 that residents say made them sick.

Marathon Petroleum Corp. last October agreed to buy the refinery.

"Today's verdict affirms BP's view that no one suffered any injury as a result of the flaring of the BP ultracracker flare during April and May 2010," BP spokesman Scott Dean was quoted as saying by the Galveston Daily News.

Tony Buzbee, the attorney for the residents, said he was surprised by the verdict.

"But I respect juries," Buzbee told the Houston Chronicle, adding that he learned at this trial a few things that will help with the remaining cases.

 

 

 

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