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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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Chesapeake loses, gains board member

 

A. Lee Graham

lgraham@bizpress.net

Chesapeake Energy Corp.’s board of directors has accepted the resignation of director Louis A. Simpson.
Elected to fill Simpson’s seat and appointed to the company’s audit committee is Thomas L. Ryan, president and CEO of Service Corp. International.
Ryan will stand for election at Chesapeake’s 2013 annual shareholders meeting on June 14. Ryan succeeds R. Brad Martin on the audit committee, with Martin becoming chairman of the nominating, corporate governance and social responsibility committee.
“The board has greatly appreciated and benefited from Lou’s service to Chesapeake over the past two years,” said board Chairman Archie Dunham, commenting in a news release.
Simpson was elected to the board in June 2011 and has chaired the nominating, corporate governance and social responsibility committee since the 2012 annual meeting of shareholders.
“Lou has made significant contributions to strengthening Chesapeake’s corporate governance,” Dunham said. “We wish him the very best as he leaves the board to pursue his business interests.”
Ryan was recommended by the company’s largest shareholder, Southeastern Asset Management, to succeed Simpson on Chesapeake’s board, Dunham said.
“With his extensive management experience and financial expertise in running a leading North American public company, Tom will be a great addition to our audit committee and a terrific resource for our board and management team,” Dunham said.
“We are pleased to welcome Tom and are confident that his insight and experience will benefit the company and all of our shareholders,” Dunham said.
Ryan called his newest role a privilege.
“I look forward to learning more about Chesapeake’s world-class assets, which clearly have tremendous potential for future value creation,” Ryan said.
Ryan has been CEO of Service Corp. International since 2005 and has served as its president since 2002. He served several financial-management roles with the company between 1996 and 2000. Before joining SCI, Ryan served eight years as a certified public accountant with Coopers & Lybrand LLP.
Chesapeake Energy Corp., the second-largest natural gas producer behind Irving-based Exxon Mobil Corp. and whose interests include North Texas’ Barnett Shale, focuses on discovering and developing unconventional natural gas and oil fields onshore in the U.S. More information is available at www.chk.com.
 

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