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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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Railroad Commission gets reprieve; tech funding

 

The Railroad Commission of Texas got a reprieve in the final minutes of the 83rd legislative session as the agency’s life was extended for another four years. Legislation to reform and continue the agency failed earlier in the session.

The agency that regulate oil and gas drilling and production in Texas also received approval for an information technology modernization program.

“One of the Railroad Commission’s top priorities this session has been to secure funding for the development and initiation of IT modernization efforts,” said Railroad Commissioner Christi Craddick. “In response to requests for greater access to information housed by the agency, plans for the IT renovation will allow for improved efficiency, effectiveness and transparency within the Commission and make information more readily available to the public.


The IT funding of $24.7 million will include items for Geographical Information System (GIS) upgrades that will aid IT overhaul initiatives. Additionally, the IT overhaul funding is part of a total of $33 million in state budget funding for the Railroad Commission that will provide for a Data Center Services (DCS) cost increase, and provide for salary parity for oil and gas division employees, additional pipeline safety inspectors and general counsel enforcement employees to further address current industry growth.
The $24.7 million funding the Commission’s IT modernization program will provide improvements including:
•Revising outdated manual processes to obtain process efficiency;
•Developing integrated web-based applications that enable filing or exchange data;
•Integrating additional online filings with revenue or fee collection;
•Commission website redesign based on stakeholder input;
•Consolidating the compliant, inspection, violation, enforcement, and docket tracking processes and systems;
•Developing integrated web-based applications that enhance internal business (permitting) efficiency;
•Providing Commission stakeholders (industry, public, interest groups) efficient access to timely and accurate data;
•Minimizing dependence on mainframe systems; and
•Developing applications that can take advantage of mobile technologies in the future.
 

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