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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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Bank with Fort Worth location being acquired

 

Park Cities Bank’s holding companies, North Texas Bancshares Inc. and North Texas Bancshares of Delaware Inc., have signed a definitive acquisition agreement with Park Cities Financial Group Inc. to purchase and recapitalize the bank.
The holding companies filed a petition for Chapter 11 on Oct. 16 in the U.S. Bankruptcy Court in Wilmington, Del.


“We have been working diligently to secure a strategic partner with a shared vision and commitment to strengthen Park Cities Bank and lead it into the future,” said CEO John D. Dienes in a news release. “This transaction provides capital to facilitate lending and business development in the communities we serve.”
Dienes added that the Chapter 11 filing affects only the holding companies and does not affect Park Cities Bank.


Park Cities Bank is a Texas chartered bank based in Dallas with $422 million in assets, 70 fulltime employees and four branches – three in Dallas and one in Fort Worth – as of Sept. 30.
The Deason family is lead investor of Park Cities Financial Group, with additional support provided by local investors.
The holding companies’ financial adviser is Commerce Street Capital while Bracewell & Giuliani serves as legal adviser. Park Cities Financial Group’s legal adviser is Jackson Walker. - Betty Dillard
 

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