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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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Chesapeake to spin off oilfield services unit

OKLAHOMA CITY (AP) -- Chesapeake Energy Corp. has filed regulatory paperwork for a possible spinoff its oilfield services business unit.


The Oklahoma City-based natural gas company said in February that it was considering selling or spinning off the unit to help maximize shareholder value.
Chesapeake said Monday that the spinoff will be tax-free to its shareholders. It has not determined the exact scope or timing of the spinoff, according to the paperwork filed with the U.S. Securities and Exchange Commission. It has retained Morgan Stanley & Co. LLC as its financial adviser in connection with the deal.


The division is expected to change its name to Seventy Seven Energy Inc. as part of the spinoff. The unit posted a profit of $19.9 million on revenue of $1.3 billion in 2011, the most recent fiscal year included in the SEC filing.
Chesapeake Energy is the second-largest producer of natural gas and tenth-largest producer of oil and natural gas liquids in the U.S.

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