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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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GE Capital forms development group

A. Lee Graham
Reporter
lgraham@bizpress.net

GE Capital’s Equipment Finance segment in Irving is forming a business development group, led by 28-year company veteran Jim Kelly.
The new unit will focus on creating new vendor and dealer financing programs, allowing manufacturers to capitalize on the programs’ benefits for their equipment distribution channels.
“The equipment markets in the U.S. are beginning to grow again, which presents opportunities for us,” said Diane Cooper, CEO of Equipment Finance and a GE company officer, commenting in a news release.
“As manufacturers refocus on their core capabilities and plan to expand their businesses, they may be looking to partner with a finance company that has extensive experience creating full-scale financing programs to reach and support their commercial customers,” Cooper said.
Kelly’s team includes industry veterans with domain expertise in manufacturing, information technology, office imaging, truck transportation and health care industries.
Kelly has been managing director of GE Capital’s Vendor Finance business since 2009. He started his career in 1985 through GE's financial management program.
With more than $36 billion in lease and loan transactions since 2007, GE Capital’s Equipment Finance business manages more than 40 manufacturer financing programs spanning more than 10 industries, including transportation, construction and manufacturing. It provides wholesale and retail financing for equipment manufactures. More information is available at www.gecapital.com.

 

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