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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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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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MetroPCS board recommends sweetened offer from Deutsche Telekom AG

RICHARDSON, Texas (AP) — The board of MetroPCS is unanimously recommending its shareholders vote in favor of the sweetened buyout offer from Deutsche Telekom AG, the parent company of T-Mobile USA.

Deutsche Telekom said the original offer had T-Mobile contributing $15 billion in debt to the combined company. The new offer announced last week reduces that to $11.2 billion, effectively making the combined company more valuable. Deutsche Telekom also said it would also reduce the interest rate by half a percentage point.

The ownership structure remains unchanged, with 26 percent of shares being held by current MetroPCS shareholders and 74 percent by Deutsche Telekom.

MetroPCS Communications Inc. rescheduled its special meeting for April 24 to give shareholders time to consider the offer. Its stock fell 46 cents, or 4 percent, to $11.06 Monday morning.


 

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