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Ice cancels flights, snarls traffic; snow in North Texas forecast

DALLAS (AP) — More wintry weather was expected across parts of North Texas through Wednesday.

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Einstein Bagels closing two Tarrant locations

Einstein Bagels is closing two Tarrant County locations, part of a series of 39 closings around the country, according to the company’s owners, JAB Holding Co.

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Berkshire Hathaway company acquires Fort Worth firm

M&M Manufacturing, a producer of sheet metal products for the air distribution and ventilation market based in Fort Worth, has been acquired by MiTek Industries Inc., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.,

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Plans for Grand Prairie indoor ski resort, Hard Rock Hotel evaporate

Plans for a $215 million indoor ski resort and Hard Rock Hotel in Grand Prairie have been shelved. Sherman Thurston, a member of the development team, sent a

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Top area CFOs honored

The Fort Worth Business Press honored 13 area chief financial officers today with a luncheon at the Fort Worth Club.

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Fort Worth firm acquires European warehouse group

Have  you ever wondered what a European warehouse looks like? This is apparently it. 

Photo courtesy of TPG, Ivanhoe. 

Fort Worth-based TPG, a global private investment firm, and a partner Ivanhoé Cambridge of Montreal, a large real estate company, have acquired PointPark Properties (P3) from Arcapita, an international investment company headquartered in Bahrain.


As part of the transaction, the investors will also commit additional capital to strengthen P3′s balance sheet and to provide support for future growth.
P3, located in the Czech Republic, is a specialist investor, developer and asset manager of warehouse properties, providing services to logistics, retail, automotive and electronics manufacturing companies. The real estate assets consist of 48 warehouses and a land bank allowing for the development of additional warehouse space across Europe.


“P3 is a leading, full-service logistics platform with a high-quality portfolio of warehouse assets located in Europe’s core distribution hubs,” said Anand Tejani, TPG Partner, in a news release. “P3 is well-positioned to benefit from the positive macro trends driving the current growth in occupational demand for European logistics space.”


TPG Real Estate is the real estate platform of TPG, a global private investment firm founded in 1992 with $55.3 billion of assets under management.
 

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