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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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D.R. Horton buys Atlanta homebuilder for $210M

D.R. Horton Inc. (DHI) has acquired the homebuilding operations of Crown Communities, which builds in Georgia, South Carolina, and eastern Alabama.
Fort Worth-based D.R. Horton will pay approximately $210 million in cash for the purchase, the company announced today. 


Crown will operate as a separate division within D.R. Horton. Crown has a sales order backlog of approximately 420 homes sold, 640 homes in inventory and 2,350 lots. D.R. Horton also acquired control of approximately 3,400 lots through option contracts. In calendar 2013, Crown closed 1,540 homes ($375 million in revenue) with an average home size of approximately 3,500 square feet and an average sales price of $244,000.

Crown is ranked as the 28th largest builder in the United States by Builder Magazine and is the largest builder in the Atlanta market.
“We welcome the Crown team to the D.R. Horton family. We are excited about combining the two largest builders in the Atlanta area to establish double-digit market share for D.R. Horton,” said Donald R. Horton, chairman, in a statement. “The acquisition also adds the Augusta, Ga. and Spartanburg, S.C. markets to our expansive geographic footprint, while strengthening our presence in Greenville and Columbia, SC. We believe the combined D.R. Horton and Crown team will be a strong platform for further growth in these dynamic markets in the southeast.” - Robert Francis
 

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