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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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Hulen Pointe Shopping Center sold

Hulen Pointe Shopping Center, located in southwest Fort Worth on South Hulen Street one mile south of Hulen Mall, has been purchased by Addison-based Bo Avery with TriMarsh Properties for an undisclosed price.

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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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Fort Worth temporarily stops issuing new home permits in TCU area

The moratorium will give a committee and the City Council time to review a proposed overlay that will pare the number of permissible unrelated adults living in the same house.

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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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