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Moves by Jeb Bush add to talk of 2016 candidacy

WASHINGTON — Jeb Bush's decision to release a policy-laden e-book and all his emails from his time as governor of Florida has further stoked expectations among his allies that he will launch a presidential bid.

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Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

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Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

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Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

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Davis wins, uh, Bum Steer award

Fort Worth State Sen. Wendy Davis won…well, O.K., she lost the Nov. 4 gubernatorial election to Republican Greg Abbott, but she did win Texas Monthly magazine’s annual “Bum Steer of the Year” award for her campaign.

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Housing Authority reopens Knights of Pythias as lofts

By Scott Nishimura
snishimura@bizpress.net

The Fort Worth Housing Authority on Wednesday officially opened an 18-unit apartment development in the hull of the historic Knights of Pythias community hall in downtown’s Hillside.

The opening of the13,228-square-foot development, which includes 10 affordable-rate and eight market-rate apartments, helps fill in a hole in the downtown map and its residential inventory, representatives of the Housing Authority, city, federal Housing and and Urban Development department, and Downtown Fort Worth, Inc., said.

“This is just a small dent in the need,” Barbara Hulston, the Housing Authority CEO who recently retired and is welcoming her successor, Naomi Byrne, this week, said in an interview.

“But what’s significant about this is the affordability downtown. There’s not a lot of affordability downtown.”

Quadco Management Solutions began leasing the property Feb. 27, and it has one vacancy left: a two-bedroom, one-bath, 845-square-foot market rate unit for $1,900.

Four of the market-rate units in the complex are 745 square feet and rent for $999. The Housing Authority pays for water; tenants pay other utilities. The apartments come with complete appliance packages, including washers and driers.

The affordable rent apartments are targeted at people who make 80 percent of area median income.

The Fort Worth developer Phillip Poole held the property and envisioned four condominiums with parking, but he wasn’t able to get it financed, so he sold the property to the Housing Authority.

“The Housing Authority had the funds, could step in,” Poole said during Wednesday’s opening. “They’ve done an outstanding job.”

The Housing Authority borrowed $950,000 from the city through Community Development Block Grant money, and $1.5 million from CommunityBank of Texas, and it doubled the original building footprint in the redevelopment.

The 87-year-old building had been vacant and deteriorating for years.

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TCU/Baylor
Did the College Football Playoff Committee get it right?