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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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Judge to sentence Halliburton manager in oil spill
 

MICHAEL KUNZELMAN, Associated Press
 
NEW ORLEANS (AP) — A former Halliburton manager faces a possible prison term when a federal judge sentences him for destroying evidence in the aftermath of BP's massive 2010 oil spill in the Gulf of Mexico.
 
Anthony Badalamenti, of Katy, Texas, was scheduled to be sentenced Tuesday by U.S. District Judge Jay Zainey. Badalamenti pleaded guilty in October to one misdemeanor count of destruction of evidence and faces a maximum sentence of one year in prison and a $100,000 fine.
 
Badalamenti was the cementing technology director for Halliburton Energy Services Inc., BP's cement contractor on the Deepwater Horizon drilling rig. Prosecutors said he instructed two Halliburton employees to delete data during a post-spill review of the cement job on BP's blown-out Macondo well.
 
Halliburton cut its own deal with the Justice Department and pleaded guilty in September to a misdemeanor charge related to Badalamenti's conduct. The company agreed to pay a $200,000 fine and make a $55 million contribution to the National Fish and Wildlife Foundation, but the latter payment wasn't a condition of the deal.
 
Tai Park, one of Badalamenti's lawyers, said in October that guidelines calculated by prosecutors call for Badalamenti to receive a sentence ranging from probation to six months in prison. Zainey, however, isn't bound by the sentencing guidelines.
 
Four current or former BP employees also have been charged in federal court with spill-related crimes.
 
On Dec. 18, a jury convicted former BP drilling engineer Kurt Mix of trying to obstruct a federal probe of the spill. Prosecutors said Mix was trying to destroy evidence when he deleted a string of text messages to and from a BP supervisor.
 
Mix faces a maximum sentence of 20 years in prison and a $250,000 fine. His sentencing is set for March 26.
 
BP well site leaders Robert Kaluza and Donald Vidrine pleaded not guilty to manslaughter charges stemming from the deaths of 11 workers on the Deepwater Horizon. Prosecutors claim Kaluza and Vidrine botched a key safety test and disregarded abnormally high pressure readings that were glaring signs of trouble before the April 2010 blowout of BP's Macondo well triggered a deadly explosion.
 
Former BP executive David Rainey was charged with concealing information from Congress about the amount of oil that was gushing
from BP's well before the company sealed it.
 
Prosecutors said Badalamenti instructed two Halliburton employees to delete data from separate runs of computer simulations on centralizers, which are used to keep the casing centered in the wellbore. The data could have supported BP's decision to use six centralizers instead of 21 on the Macondo project, but prosecutors said the number of centralizers had little effect on the outcome of the simulations.
 
Halliburton notified the Justice Department about the deletion of the data, which couldn't be recovered.

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