Join The Discussion

 

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

read more >

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.

read more >

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.

read more >

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.

read more >

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.

read more >

Kerrville airplane manufacturer announces comeback
 
A. Lee Graham
Reporter
 
Five years after putting the brakes on single-engine airplane manufacturing, Kerrville-based Mooney Aviation Co. Inc. has announced plans to restart production in January 2014.
 
Thanks to funding from California-based Soaring America Corp., Mooney said it is ready to spread its wings once again. Financial details were not disclosed as Mooney plans to resume manufacturing the Acclaim Type S, as well as the Ovation series.
 
"It's a new day for Mooney. And with a new investment group that is committed to the future, we're expecting to make a strong move in the industry," said Chief Financial Officer Barry Hodkin in a news release.
 
“It's been a long time coming and we couldn't be more excited about our return to manufacturing one of the finest and most trusted airplane fleets in the industry," Hodkin said. 
 
The company plans to hire and train a new workforce while reestablishing its supply chain. It plans to recruit up to 100 people within the first year of operation. Positions include technicians, engineers, line workers, accounting and sales people. Within two years, the company said it anticipates employing “significantly more people depending on the demand for its products.
 
Mooney ceased production when recessionary woes struck in 2008 as single-engine aircraft sales dropped by more than 30 percent compared to the previous year. The company now expresses confidence in the industry. More information is available at www.mooney.com.
 
lgraham@bizpress.net

< back

Email   email
hide
Ebola
How worried are you about Ebola spreading?