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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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GreenHunter Resources reports 2Q revenue surge

A. Lee Graham

Reporter

GreenHunter Resources Inc. of Grapevine has reported second-quarter revenues at $6.9 million, 18 percent higher than $5.8 million in the same period last year.

The water resources firm also reported total disposal volumes from continuing operations as 80 percent higher in the three months ended June 30, 2014 at 975,000 barrels injected compared to 543,000 in the same period last year as the company strengthens its position as an owner and operator of commercial saltwater disposal wells in the Marcellus and Utica shale plays in the Appalachia region.

The quarter also saw GreenHunter complete the necessary permit application to construction permanent barge trans-loading and bulk storage facilities for oilfield brine and condensate in the same region.

Meanwhile, the firm reported positive earnings before interest, taxes, depreciation and amortization at $447,000 for the quarter. It reduced its working capital deficit by 55 percent from $9.7 million as of Dec. 31, 2013 to $4.4 million as of June 30, 2014, a drop of $5.3 million. The quarter also saw the firm form a new hydrocarbons division to complement its total fluids management solutions operation in the Marcellus and Utica plays.

One-time start-up costs related to the division, as well as a new environmental solutions division, and costs associated with relocating equipment from its South Texas divisions, where it has ceased operations, to Appalachia, totaled about $110,000.

GreenHunter Resources Inc. is a diversified renewable energy company focused primarily on water resource management in oil and shale resource plays. More information is available at www.greenhunterenergy.com

lgraham@bizpress.net

 

 

 

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