• 817 Biz
  • Posts
  • 💵Schwab bringing dollars to TXSE; Why Bell is spending $632M in FW; There's no sense keeping cents.

💵Schwab bringing dollars to TXSE; Why Bell is spending $632M in FW; There's no sense keeping cents.

Plus, more bite-size news about business in Tarrant County.

Fort Worth-based Delightful Development Co., led by Craig Cavileer and Kayla Wilkie-Kinne, is re-starting the closed Austin confectioner, Lammes Candies, in partnership with the Lamme family. The candy company dates to 1885. 

Westlake-based, $168-billion Charles Schwab Corporation said it will become dual listed Oct. 7 when it joins Dallas' Texas Stock Exchange. Schwab plans to begin trading common stock on TXSE under the ticker symbol SCHW, which is the same as its listing on the New York Stock Exchange.

 If you are in the Grapevine area and it isn't sold out, Perry's Steakhouse & Grille will revive its 79-cent pork chop special at lunch today. The lunch-cut pork chop price is "a nod to 1979, the year Perry’s began as a modest butcher shop," Perry's corporate chef Dan Delorensi said. This "Flashback Friday" will have a pork chop alternative: a caramelized prime rib steak sandwich at the same retro price.

The U.S. Army MV-75 Cheyenne II aircraft is the reason for $632 million in investment from Bell Textron for the renovation of an existing structure in Fort Worth. The plant will manufacture components for the Army's next-generation, long-range assault aircraft. The MV-75 is not a helicopter or airplane, but a tiltrotor aircraft, which combines the vertical takeoff and hovering capabilities of a helicopter with the high speed and long range of a plane.

The Common Cents Act, which would end penny production and let businesses round cash transactions to the nearest nickel, passed the Senate and heads to Trump's desk for approval.

Grapevine-based GameStop is back in focus after CEO Ryan Cohen disclosed the purchase of another 450,000 shares at $23.48, lifting his stake to roughly 41 million shares. Shares are up more than 30% the past 30 days and 15.23% year to date. 

The Regional Transportation Council approved $477,500 to help Fort Worth Meacham and three other north Texas airports install charging infrastructure to support the growth of electric vertical takeoff and landing aircraft. Also getting charging assistance are Denton Regional Airport, Granbury Regional Airport and Greenville Municipal Airport. 

10 Federal has acquired a 105,182-square-foot shopping center at 1701 S. Çherry Lane in Fort Worth, its second retail acquisition in September. Cherry Lane Commons is located on nearly 11 acres and is anchored by Academy Sports + Outdoors and The Picklr.

Scannell Properties sold the 335,000-square 820 Crossing distribution center in Haltom City to Washington Capital Management. 820 Crossing is at 5301 Denton Highway on 26.7 acres. It was completed in 2023 and was 100% leased at the time of the sale. Cushman & Wakefield's Jim Carpenter, Jud Clements, Robby Rieke and Emily Brandt represented Scannell. 

Back to market: Turkey Track Ranch is back on the market at $180 million, including a 25% mineral stake. Spanning nearly 80,000 acres under one fence, the Texas Panhandle legacy ranch brings together significant water resources and more than a century of Coble and Whittenburg family ownership. The ranch was withdrawn from the market following the February 2024 Smokehouse Creek Fire.

The Fort Worth Zoning Commission voted, 8-2, Sept. 9 against Westland Hospitality Group turning Roy Pope Grocery into a restaurant because of parking issues. Tuesday, the Fort Worth Council voted to allow the conversion after Westland was able to lease parking spaces and the support of the Camp Bowie District. 

Denver-based Bloom Healthcare, a provider of in-home primary care for seniors with complex health needs, has expanded to cover D-FW needs from a location in Southlake. 

Fort Worth is launching a Construction Training Academy to help contractors qualify and bid on city projects. The two, eight-week cohorts will be administered by Merriwether & Williams Insurance Services, a Hub International Company. Two outreach events are planned before the cohort starts. 

Arlington-based REV Entertainment said its minor-league baseball teams — Cleburne Railroaders and Kane County Cougars — will join the National Association of Professional Baseball. The 20-team NAPB will debut in 2027 replacing the Frontier League and as an official Major League Baseball Partner. It is the oldest active independent professional baseball league in North America. 

Law firm Brown Fox has opened an office in the Fort Worth Club. The firm, which has its foundation in business law, represents clients from startups to C-suites. 

The TCU Department of Economics announced that its MS in Quantitative Economics and Artificial Intelligence is an officially accredited program. The expected start date is Summer 2027. 

Finland received its first two permanently based Lockheed Martin F-35A aircraft. 

Applications are open for the 2027 KW88 Gift Award, which will provide five aspiring women professional golfers with gifts of $5,000 each from the Kathy Whitworth foundation to help them continue pursuing their careers. 

Did you know? The average U.S. household has about $5,700 in unappraised gold jewelry, according to a report from jewelry-tracking startup Unvault. The company estimates roughly $750 billion of gold is sitting in jewelry boxes across the country. 

Notable and quotable: "Never say no to adventures. Always say yes, otherwise you'll lead a very dull life."

—Ian Fleming (1908-1964), British author, journalist and naval intelligence officer best known for creating the James Bond spy novel series

Today in history: 1950 = Charles M. Schulz’s Peanuts comic strip debuted in seven U.S. newspapers. Schulz was paid just $90 for his first month of strips; Charlie Brown appeared on day one, while Snoopy followed two days later. Peanuts went on to become one of the world’s most recognizable entertainment franchises.

Significant stat: Trinity Metro’s TEXRail reached one million riders in a single year for the first time this week. The commuter rail line connects downtown Fort Worth and D-FW International Airport.

Daily digit: With the Senate GOP majority hinging on a red Texas, Republicans spent an eye-popping $122 million in September to support nominee Ken Paxton. 

”All I’m saying is now is the time to develop the technology to deflect an asteroid.”

Announcements:

  • North Texas Commission: Elects Luther King Jr., founder and president of Fort Worth's Luther King Capital Management, and Elaine Sulesky, CFO of Acme Brick Company, to its Board. Lockheed Martin's Andrew Dill joins the Executive Committee, and Fort Worth Economic Development Partnership President and CEO Robert Allen will join the board as a major investor member, pending ratification.

  • Arlington: Welcomes Garret T. Martin as President & CEO of Downtown Arlington.

  • Fort Worth Museum of Science & History: Adds Donna Guy as Chief Financial Officer. 

  • Fort Worth: Christine Henry Gillette is leaving her sales & events position with Will Rogers Memorial Center.

  • Fort Worth: Re-names Hazel Harvey Peace Center for Neighborhoods to Southside Community Center at Hazel Harvey Peace.

  • Fort Worth Chamber: Selects Texas A&M-Fort Worth as its Vandergriff Award winner. The university will be honored at the annual State of the County event.

  • Cantey Hanger: Hires associate attorneys Ben Parker, Tommy Redell and Brian Roberts.

  • First Command Financial Services: Promotes Ashley Butler to Vice President - Marketing, Operations & Strategic Enablement; promotes Jessica Boonstra King to Director, Meetings & Events. 

  • Tarrant Area Food Bank: Adds Dr. Nadia Alawi-Kakomanolis, Karen Anfin, Alex Carter, Justin Light, Priscilla
    Miller, John Pathak, Doug Renfro and Michael Tripp to its Board of Directors. 

  • T.D. Jakes Foundation: Hires Mia Johnson as Senior Manager - Marketing, Communications & Public Relations. 

  • Medical City Healthcare: Selects Mandy Adcock as chief nursing officer of Medical City Fort Worth Hospital.

  • Fort Worth Report: Hires Steve Montoya to cover the music scene.

  • Rally Department: Promotes Avery Vincent to Account Executive.

  • Consilium Staffing: Hires writer Art Garcia.

  • Texas Tech Huckabee College of Architecture: Selects Fort Worth architect Bart Shaw, co-founder and principal of Ibañez Shaw Architecture, its 2026 Distinguished Alumnus. 

  • Associa: Marca Ray returns to the company as Community Director.

  • Fort Worth Hispanic Chamber: Selects Esmeralda Macias as Executive Assistant to the CEO. 

817 Biz is formatted for viewing on mobile devices. Some links may expire after posting or be paywall-protected.