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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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Denton-based aviation company acquired

 

Avionics International Supply Inc. of Denton, a wholesale distribution and repair services company is being acquired by Aerospace Products International Inc. of Memphis, a portfolio company of private equity firm Resilience Capital Partners, the firm announced Wednesday.


AIS services customers across the spectrum from major airlines to general aviation, according the company’s website. Major airline customers include Northwest Airlines, UPS, Continental Airlines, American Eagle, Frontier, USAir and others. The company’s core business segments are general aviation repair facilities, Fixed Based Operations (FBOs) and corporate customers.


"Adding AIS's product offerings is another step toward our goal of creating the leading independently-owned parts distributor in the aerospace industry," said Steven H. Rosen, Co-CEO of Resilience.
The acquisition of AIS is part of the sixth platform investment in The Resilience Fund III L.P. In 2012, Resilience closed the Resilience Fund III L.P., with $222.5 million of committed capital.


Kenneth C. Ricci, a Resilience co-investor, longtime aviation entrepreneur and Chairman of Flight Options and Directional Aviation, and Ulf Buergel, both operating partners with Resilience, will oversee the investment in AIS.
"We will continue to look for opportunities to acquire and integrate strong complementary businesses that further strengthen our ability to serve our customer's needs," said Buergel.


Resilience is an active investor in the aerospace industry. Current aerospace portfolio company investments include Flight Options, Sentient, Nextant, Aerospace Products and now Avionics International.
AIS has been in business since 1984. No transaction price was announced for the acquisition. - Robert Francis
 

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