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Bridge collapse on I-35 north of Austin

SALADO, Texas (AP) — Emergency crews are responding to a reported bridge collapse along an interstate in Central Texas.

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Amazon begins Prime Now program in Dallas area

If you just have to have it now, as in one hour, you can, at least in the Dallas area, as Amazon.com Inc. announced Thursday it will offer Prime Now.

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Monty Bennett: Businessman, water district activist

Monty Bennett’s name will not appear on the ballot for the Tarrant Regional Water District board of directors yet he remains a powerful backstage player whose influence could shape the direction of the district’s business for years to come.

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Price appeal: Condos going up on Near Southside

Chris Brassard and Omar Diaz had apartments in mind when they built a 12-unit complex on May Street just south of West Magnolia Avenue on Fort Worth’s Near Southside. Then their leasing agent, Will Northern of Northern Realty Group, suggested they consider selling the units as condominiums.

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Texas jobless rate falls as employers add workers

Texas unemployment fell to 4.3 percent during February for the sixth straight month of declines, the Texas Workforce Commission reported Friday.

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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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