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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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Globe Life Park is new name for Ballpark in Arlington

ARLINGTON, Texas (AP) — The Texas Rangers reached a 10-year deal Wednesday to immediately change the name of their 20-year-old stadium to Globe Life Park in Arlington.

Rangers Ballpark is being renamed under an agreement with Globe Life and Accident Insurance Co. of Oklahoma City. Globe Life, which began operations in 1951, is a wholly owned subsidiary of Torchmark Corp. in McKinney, which is in the Dallas area.

Financial terms weren't disclosed.

"Globe Life is the perfect partner — a Texas-based company that has been helping families with their insurance needs for more than 60 years," Rangers co-owners Ray Davis and Bob Simpson said in a statement. "This agreement makes us a stronger organization, on the field and in our community. It will give us increased flexibility and help us remain competitive from both short-term and long-term perspectives."

Last July, the adjacent Dallas Cowboys' stadium was renamed AT&T Stadium under a lucrative long-team deal with the Dallas-based telecommunications giant.

Under the agreement, Globe Life will be the official life insurance partner of the Rangers. The company will also make a substantial commitment to support youth baseball and softball programs through a grant partnership program with the Texas Rangers Baseball Foundation.

Bill Leavell, president of Globe Life, said the life insurance provider has more than 330,000 policyholders in Texas. The company, with 3.9 million policyholders overall, employs 650 people at offices in Oklahoma City and McKinney.

"Sponsorship of Globe Life Park in Arlington is a natural fit for Globe Life And Accident Insurance Company," Leavell said. "We look forward to expanding our community involvement and helping make a difference in the lives of Texas families."

With the Rangers renaming their stadium, 21 of the 30 major league teams have now sold naming rights to their ballparks.


 

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