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Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

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T&P Warehouse: Historic building remains in limbo as area redevelops

For years, the historic T&P Warehouse on West Lancaster Avenue downtown, built in 1931 to house freight for the Texas Pacific Railway, has sat vacant and deteriorating.

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Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

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Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

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Glen Garden sale closes, distillery on tap

Firestone & Robertson Distilling Co. closed late Wednesday on its purchase of the historic Glen Garden Country Club in southeast Fort Worth, with plans to convert it into a whiskey distillery and bucolic visitor attraction.

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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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