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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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Plano tech firm buys Multiband for $116 M

 

Goodman Networks Inc. of Plano will acquire Multiband Corp. of Minneapolis in an all-cash transaction valued at $116 million, the companies announced Wednesday.
Goodman Networks is a privately held provider of wireless telecommunication networks, said it will acquire Multiband, a privately held provider of telecommunications networks, paying $3.25 per Multiband common share, redeem all of Multiband's outstanding preferred stock and repay Multiband's outstanding bank indebtedness in the all-cash transaction.
The transaction, which is expected to close in the third quarter of 2013, is subject to the approval of Multiband's shareholders, regulatory approvals and other customary closing conditions.
Upon the close of the acquisition, Multiband will be operated as a wholly-owned subsidiary of Goodman Networks and Jim Mandel will continue as CEO of Multiband.
Jefferies LLC and Credit Suisse served as Goodman Networks' financial advisors and Haynes and Boone LLP served as Goodman Networks' legal counsel on the transaction.
Craig-Hallum Capital Group, LLC is acting as exclusive financial advisor to Multiband and provided a fairness opinion to the Multiband Board of Directors and a special committee of the board. Winthrop & Weinstine P.A. is acting as legal advisor to Multiband and its Board of Directors.
 

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