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Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

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Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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American Airlines' first 787 Dreamliner arrives at D/FW

American is preparing the plane to begin service sometime in the second quarter.

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Mansfield to gain new senior living community
A. Lee Graham

Reporter

The Rochester Group of Fort Worth and 2GR Equity Partners of Grapevine have joined forces in developing a 95-unit senior living facility in Mansfield.

Known as Rochester Springs Assisted Living and Memory Care, the project is funded through an equity investment between the firms.

The joint venture promises a 73,344-square-foot assisted living and memory care facility offering 51assisted living units and 44 memory care units.

The facility will span part of 3.09 acres on the northeast corner of East Broad Street and Matlock Road across from the 168-bed Mansfield Methodist Medical Center.

Designing Rochester Springs was Three Living Architecture, with Dallas-based 12 Oaks Senior Living managing the property.

Construction is set to begin within 30 days, with the facility opening in summer 2015.

Rochester Springs marks 2GR Equity’s second investment in the past year in developing a senior living community in Texas.

“Everyone knows the senior living market is frothy right now; however, success can still be found in a product type like this if you have the right team assembled,” said David Gregory, equity principal and co-founder of 2GR Equity, commenting in a news release.

“We feel we have all of those aspects working for us on this transaction,” Gregory said.

lgraham@bizpress.net

 

 

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