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Trademark closes on 63-acre Waterside site in Fort Worth

Construction begins Oct. 20 on the development, to be anchored by a Whole Foods Market.

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UPDATE: $215M hotel, indoor ski project planned for Grand Prairie

Officials in Grand Prairie are expected later today to announce a $215 million project that will include a Hard Rock Hotel and an indoor ski facility.

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Two Fort Worth council members propose temporary single-family moratorium around TCU

The moratorium would apply to new permits for single-family homes around TCU, and give the city time to figure out what to do with a controversial proposed overlay in several neighborhoods around the university.

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Fresh Ebola fears hit airline stocks

DALLAS (AP) — News that a nurse diagnosed with Ebola flew on a plane full of passengers raised fear among airline investors that the scare over the virus could cause travelers to avoid flying.

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Landscape architect behind several TCU landmarks acquired

The Dallas design firm behind several Texas Christian University projects, as well as Globe Life Park in Arlington and AT&T Stadium, has been acquired by Rvi Planning + Landscape Architecture.

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DR Horton 1Q net jumps 86 percent

 

D.R. Horton, the largest U.S. homebuilder, said Tuesday that its fiscal first-quarter net income jumped 86 percent as selling prices for its houses rose 10 percent to $275,600. Its shares climbed in morning trading.

The company said it saw "pricing power across most of our markets and increased demand from move-up buyers." It said housing market conditions are improving across most of its markets, and the pace of sales increased this month.

The Fort Worth-based company earned $123.2 million, or 36 cents per share, for the quarter that ended Dec. 31. That was up from $66.2 million, or 20 cents per share, during the same period a year earlier. Revenue rose almost 33 percent to $1.64 billion, from $1.23 billion a year earlier.

Analysts surveyed by FactSet had been expecting a profit of 31 cents per share on revenue of $1.49 billion.

The company said it believes it is "well-positioned to capture demand" in the spring with a strong inventory of homes ready to sell.

Its shares rose $1.33, or 6.4 percent, to $22.27 in morning trading. Its shares are up 14 percent over the past three months.


 

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