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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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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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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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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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Shell scraps plans to build $12.5B plant in La.

 

BATON ROUGE, La. (AP) — Royal Dutch Shell has decided to abandon plans to build a massive $12.5 billion plant in Louisiana that would have turned natural gas into liquid fuels like diesel.

The decision comes just two months after Shell selected a site for the plant. It would have created 740 jobs, according to a late-September announcement that championed the plant's location in Ascension Parish, near Baton Rouge.

Shell, based in the Hague, Netherlands, said Thursday that the cost of the plant and the expected profit it could generate made the plant "not a viable option."

Gov. Bobby Jindal's administration had offered an incentive package that included $112 million for road improvements, land purchasing and other infrastructure in Ascension Parish.

"Today's announcement is disappointing, particularly after Louisiana was selected over Texas and other states in a highly-competitive selection process," Jindal said in a statement. "We fight for every single job opportunity available, and we will continue to do that."

Economic Development Secretary Stephen Moret said Louisiana is being considered for several other multibillion-dollar projects and has other large announced projects on the way.

The plant would have turned natural gas, which is relatively cheap in the U.S. compared with prices around the world, into higher-value diesel and gasoline using a complex process involving heat and chemical catalysts. To justify the plant's enormous expense the cost of natural gas would have to remain very low — and the price of diesel very high — for more than a decade.

Many analysts believe U.S. natural gas prices will remain low, thanks to enormous reserves of natural gas found in recent years under several states. But the U.S. is also increasing demand for natural gas by building export facilities, building new chemical plants that use natural gas, using it to generate more electricity and developing truck engines that will burn it for fuel. This could increase prices somewhat.

At the same time, many expect oil prices to remain flat or fall slightly over the next several years as the U.S., Canada and other countries produce more oil at a time when demand is growing only moderately.
 

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Did the College Football Playoff Committee get it right?