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Dee Lincoln bringing restaurant to Fort Worth's Museum Place

Dee Lincoln is bringing her restaurant to Fort Worth’s Museum Place project. The 5,300-square-foot restaurant, at 3280 W. Seventh St., is expected to open in the first quarter of

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Fort Worth to consider adopting 15-year Cavile Place redevelopment plan

The 300-unit Cavile Place housing project in Southeast Fort Worth would be razed and replaced in phases, with a significant number of the units redistributed into the neighborhood.

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Fort Worth council members approve Cavile Place redevelopment plan

The vote kicks off what officials say will be a 10-15-year implementation.

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Former RadioShack CEO caught in protest over ousted leader at Market Basket

Employees protest over many things: higher wages, better benefits, safer working conditions in their jobs. What's far more unusual, if not unprecedented, is to see workers, organized by senior managers, stage a rebellion to help their CEO get his job back.

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UT Arlington Army ROTC officer named nation's top military science professor

The U.S. Army Cadet Command has named Lt. Col. Lora A. Rimmer, Commander of the Army ROTC “Maverick Battalion” at University of Texas at Arlington, the nation’s Professor of Military Science of the Year.

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Western Place towers in Fort Worth sold
A. Lee Graham

Reporter

Colliers International North Texas has sold Western Place I and II, two Class B office towers in southwest Fort Worth.

Tower I boasts 11 stories, with the second tower at 10 stories.

Among tower tenants are Lockheed Martin Corp. and BAE Systems. Serving as brokers in the transaction were Creighton Stark, Mark McEwen and Ben Lurie of Colliers International’s Capital Markets Group.

With a combined 427,000 square feet, Western Place I and II are at 6000 and 6100 Western Place, fronting Interstate 30. Sovereign Capital was the seller, and Fort Worth-based TLC Urban was the buyer.

“This was a complicated transaction which required the assumption of a CMBS loan,” said Creighton Stark in a news release. “We were grateful to have worked with such a sophisticated buyer, TLC Urban, which was able to get the deal done.”

Stark described South Fort Worth as one of Dallas-Fort Worth’s best-performing submarkets, with Lurie pointing to its vacancy rate of 6.8 percent compared to 14.8 percent for the overall Metroplex area.

Colliers International’s Dallas Capital Markets Group has more than 55 years of collective capital markets experience. Globally, Colliers International has more than 13,500 professionals operating out of 482 offices in 62 countries.

More information is available at www.colliers.com.

lgraham@bizpress.net

 

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