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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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T&P Warehouse: Historic building remains in limbo as area redevelops

For years, the historic T&P Warehouse on West Lancaster Avenue downtown, built in 1931 to house freight for the Texas Pacific Railway, has sat vacant and deteriorating.

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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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Glen Garden sale closes, distillery on tap

Firestone & Robertson Distilling Co. closed late Wednesday on its purchase of the historic Glen Garden Country Club in southeast Fort Worth, with plans to convert it into a whiskey distillery and bucolic visitor attraction.

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U.S. military grounds F-35 jets after fire

David Lerman
(c) 2014, Bloomberg News.
WASHINGTON — The U.S. military grounded its entire fleet of F-35 fighter jets made by Lockheed Martin as a safety precaution after a fire on one of the planes forced an aborted takeoff.

The Navy and Marine Corps versions of the jets were taken out of service, the Defense Department said in a statement Thursday, a week after the Air Force halted flights. Engine inspection results will determine when the jets can fly again, according to the statement.

The actions are a blow to the F-35, the costliest U.S. weapons system, which is being built while it remains under development.

Defense Department officials acted after an emergency at Eglin Air Force Base in Florida on June 23, when a fire in the rear of one plane forced the pilot to abort a takeoff. The cause is under investigation, according to the statement.

A decision will be made early next week on whether the F-35 can participate in international airshows in Britain this month, the Pentagon said in the statement. The Defense Department and Bethesda, Maryland-based Lockheed are counting on international sales to help pay the costs of the jet.

The F-35 has been plagued by a costly redesign, bulkhead cracks, excessive weight and delays in software. Building all 2,443 planes is projected to cost $398.6 billion, a 71 percent increase in inflation-adjusted dollars since the contract with Lockheed, the largest U.S. defense contractor, was signed in 2001.

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