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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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Hilltop Holdings buying rest of SWS Group

DALLAS (AP) — Hilltop Holdings Inc. of Dallas is buying the rest of SWS Group that it doesn't already own in a deal that values the regional bank and financial services provider at about $260.8 million.

Hilltop Holdings, a financial holding company, already owns a 24 percent interest in SWS Group's common stock.

The boards of both Dallas-based companies unanimously approved the deal announced Tuesday. It still requires approval by SWS shareholders and regulators. The SWS acquisition is targeted to close before year's end.

Under terms of the deal, SWS Group Inc. shareholders will receive 0.2496 shares of Hilltop common stock and $1.94 of cash. This equals $7.88 per share based on Hilltop's Monday closing price.

In January, Hilltop had offered $7 per share for SWS.

Hilltop owns PlainsCapital Corp., a bank franchise based in Texas. Hilltop also owns National Lloyds Corp., which provides property and casualty insurance through two insurance companies, National Lloyds Insurance Co. and American Summit Insurance Co.

SWS shares climbed 41 cents, or 5.5 percent, to $7.89 in premarket trading Tuesday. Hilltop shares closed at $23.79 on Monday.

 

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