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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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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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GE rises most in year with equipment order increases, including at Fort Worth locomotive unit

NEW YORK — General Electric Co. beat analysts' profit estimates in the third quarter as Chief Executive Officer Jeffrey Immelt squeezed more costs from the manufacturing units.

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Sterling to fight Clippers sale, proceed with $1B lawsuit against NBA

By Holly Yan

(CNN) – The deal is off. The suit is on.

Los Angeles Clippers owner Donald Sterling is withdrawing his support for the sale of his team and is asking his lawyer to go ahead with a $1 billion lawsuit against the NBA.

"From the onset, I did not want to sell the Los Angeles Clippers. I have worked for 33 years to build the team," Sterling said in a statement, forwarded to CNN by his lawyer Max Blecher.

Referring to NBA commissioner, Sterling added, "I believe that Adam Silver acted in haste by illegally ordering the forced sale of the Clippers, banning me for life from the NBA and imposing the fine. ... The action taken by Adam Silver and the NBA constitutes a violation of my rights and fly in the face of the freedoms that are afforded to all Americans."

It's exactly the kind of move that made Silver wary of the litigious Sterling.

"He's unsold his club several times over the years," Silver told CNN's Rachel Nichols in an exclusive interview this week.

"There's well-noted incidents in the league when he was right there at a closing and at the last minute decided not to sell."

Sterling, 80, has been embroiled in controversy since a recording of a conversation with friend V. Stiviano revealed he made a series of racist comments.

The comments sparked outrage among NBA players, executives and fans. The commissioner fined Sterling $2.5 million and pushed to terminate all of his ownership rights in the franchise.

"To be clear, I am extremely sorry for the hurtful statements I made privately," Sterling said in his statement. "I made those statements in anger and out of jealousy all in the context of a private conversation. While this is not an excuse for the statements, like every other American, I never imagined that my private conversation would be made public."

Sterling has seemingly changed his mind multiple times about what he wants to happen to the team.

In late May, former Microsoft CEO Steve Ballmer made a $2 billion offer to buy the Clippers. Sterling's estranged wife Shelly, a co-owner of the team, agreed to sell the franchise to Ballmer.

Sterling initially indicated he would fight that sale. He also filed a $1 billion lawsuit against the NBA for its decision to ban him for life and force him to sell the franchise.

But his attorneys said last week that Sterling supported the team's sale to Ballmer. The attorneys said last Wednesday that the lawsuit had yet to be withdrawn, but said that would likely happen in the coming days.

Now, it appears, the Sterling-NBA fight is back on.

CNN's Artemis Moshtaghian, Dave Alsup, Brian Todd and Kevin Conlon contributed to this report.
 

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