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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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BNSF plans $28M for improvements in Sweetwater for energy, agriculture

 

Fort Worth-based BNSF Railway Co. today announced it will develop a new BNSF Logistics Center in Sweetwater, designed to meet the needs of a growing energy industry in the area.
The new Logistics Center is designed to meet the growing supply chain requirements for energy-related commodities such as fracking sand, aggregate, pipe, clay, barite and other drilling materials in the Permian Basin and Cline Shale. The facility will also support the Texas agriculture industry. BNSF also plans to make improvements to an existing rail yard and mainline infrastructure at the rail center.


“BNSF’s $28 million capital investment in the new Sweetwater logistics facility is an investment in the rebirth of the energy industry in West Texas and of a retired, 75-acre BNSF rail yard,” said Dave Garin, BNSF group vice president industrial products in a news release. “Our objective with Sweetwater is to meet our customers’ expectations and offer expanded capacity where growth is occurring for energy and agriculture.”
BNSF will be working with Cape & Son, which is expanding operations to accommodate grain unit trains as part of the plan to improve agriculture transportation services. The project will realign some of the existing track to allow for loading grain unit trains.


The Sweetwater expansion will result in 40,000 feet of new tracks, upgrading of the Sweetwater Yard track and improving the branch line that serves Central Texas. The capital improvement is part of a r$4.3 billion network-wide investment for BNSF in 2013.
“The businesses in Sweetwater will gain better access to worldwide markets as BNSF brings new transportation solutions to our growing economy of manufacturing, energy and agricultural,” said Ken Becker, executive director of the Sweetwater Enterprise for Economic Development. “The new facility means that Sweetwater will serve as a transportation hub for the entire region as the new shales of play continue producing new wells with the bright future of an estimated 30 billion barrels of recoverable oil in this part of Texas.”
The improvements are expected to be completed before the end of summer 2014.
 

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