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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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Infosys to settle US visa fraud case for $34M
 

 
NOMAAN MERCHANT, Associated Press
 
PLANO, Texas (AP) — Federal authorities say the $34 million settlement it reached with Indian technology outsourcing giant Infosys fixes "systemic issues" targeted in a major visa fraud and immigration abuse case.
 
Infosys said Wednesday that it agreed to settle the case following a two-year federal investigation.
 
Infosys had been under investigation for using short-term B-1 visas to bring thousands of workers to the United States instead of the more expensive, long-term H1-B visa.
 
An Infosys consultant flagged what he said was an illegal practice and later filed a whistleblower lawsuit against the company, which was dismissed.
John M. Bales, the U.S. attorney for Texas' eastern district, said the settlement will require Infosys to change its visa practices.
 
Infosys said in a statement that it denies "any claims of systemic visa fraud."

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