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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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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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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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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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Bell Helicopter to cut 325 workers

Bell Helicopter is cutting 325 workers, primarily in its Fort Worth facilities, the company announced Monday.
The layoffs will include management and non-management employees who are both union-represented and non-unionized, according to Bell officials.


“The realities of Bell Helicopter’s business continue to change. The reductions in U.S. defense budgets are real and sequestration has made the future for defense spending more uncertain than ever. As anticipated, the V-22 Multi-Year II contract reduces the build rate on Bell Helicopter’s biggest program by nearly half, which will negatively affect the level of work in our Fort Worth manufacturing centers,” the company said in a statement.


Bell, a division of Providence, R.I.-based Textron Inc., has cut about 700 jobs since early 2013.
In late April, Bell announced CareFlite is now using four Bell 407GX helicopters for transports. These aircraft will transport ill or injured patients to critical care facilities and one will be based out of Granbury Municipal Airport while the other will originate from Harris Methodist Fort Worth. - Robert Francis 
 

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