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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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Cinemark buys Rave Cinemas

Photo by Jon P. Uzzel of Cinemark in Plano

A. Lee Graham
Reporter

Cinemark Holdings Inc. of Plano has completed its acquisition of Dallas-based Rave Cinemas LLC, whose properties include theaters in Fort Worth and Hurst.
The $240 million deal brings Cinemark 32 movie houses totaling 483 screens in 12 states. Based on a Department of Justice final judgment, Cinemark is required to divest three theaters. With the addition of the Rave properties, Cinemark’s diversified domestic footprint expands into 40 states and an additional seven designated market areas, including the New England market.
“The Rave theaters are well positioned in their markets and include multiple patron amenities, including expanded food service offerings and premium large format screens,” said Cinemark CEO Tim Warner, commenting in a news release.
“With this addition, we will extend our presence into new markets and increase our industry leading XD premium large format brand to 129 screens worldwide,” Warner said.
Cinemark Holdings Inc. operates 467 theaters with 5,259 screens in 39 U.S. states, Brazil, Mexico, Argentina, and 10 other Latin American countries. More information is available at http://investors.cinemark.com.

 

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