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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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United Way approves $32 million budget

United Way approves $32 million annual budget
The board of directors of United Way of Tarrant County has approved a $32,081,992 budget for the 2014-2015 fiscal year in the areas of education, income and health.
About 64 percent of the budget comes from the agency’s workplace campaign, and about 35 percent is grant revenue.
A little more than $5.2 million will go to the fifth year of United Way’s Learn Well, Earn Well, Live Well initiatives that focus on improving the education, financial stability and healthy aging and independent living of Tarrant County residents. Dozens of partner organizations are involved in the multi-year initiatives, including social service agencies, school districts, universities, government entities and businesses.
More than $1.94 million will go to the Learn Well 10-year education initiative designed to enable 8,000 at-risk students to graduate from high school on time by 2020. Ninth graders are included for the first time this year.
United Way has marked $1.82 million to enable 24,000 low-income working families to reach financial stability through adult literacy classes, financial education, career training and free tax preparation centers.
The city of Fort Worth is a new Earn Well partner this year and will operate VITA (Volunteer Income Tax Assistance) centers in Fort Worth and Northeast Tarrant County.
The budget has allotted a little more than $1.48 million for United Way’s Live Well initiative to help 17,000 adults over age 35 who have chronic disabling conditions to be healthy at home. Among other services, family caregivers receive training on how to care for loved ones.
Also in the budget is $2.64 million for services for the homeless, which includes funds from the city of Fort Worth and state of Texas that United Way has been asked to administer locally.
At the direction of investors, $4 million will go to other United Ways and community agencies, including $95,658 from the United Way Women’s Fund for scholarships, services, programs and projects that benefit women and girls.
The United Way Veterans Fund will receive $423,384 for services for returning veterans. The fund was established in 2013 with $275,000 from Lockheed Martin and $25,000 from Bell Helicopter, who this year have donated $300,000 and $25,000, respectively.
Administration and fundraising expenses have a budgeted overhead of 11.51 percent, or $3,577,825.

Betty Dillard
bdillard@bizpress.net
 

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