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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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Oil pushes toward $106 as US growth improves

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PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — Faster economic growth in the U.S. and tightening crude supplies helped push up oil prices Thursday.

Benchmark oil for September delivery was up 54 cents to $105.58 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract gained $1.95, or 1.9 percent, to close at $105.03 on Wednesday.

Oil stockpiles in the U.S. fell by 740,000 barrels to 369.9 million barrels for the week ending July 26, according to the American Petroleum Institute. The U.S. Energy Department reported that supplies rose by 400,000 barrels last week, although supplies at the crucial Cushing, Oklahoma, hub for benchmark West Texas Intermediate crude declined by 1.9 million barrels.

The oil price was also boosted by better-than-expected U.S. economic growth for the second quarter of 2013. The Commerce Department said Wednesday that the economy grew at a 1.7 percent annual rate in the April-June quarter, better than a revised 1.1 percent rate for the first quarter.

On Friday, attention will be focused on the release of hiring figures for July, which will be examined for hints about future energy demand in the world's No. 1 economy.

Brent crude, traded on the ICE Futures exchange in London, rose 45 cents to $108.13 per barrel.

In other energy futures trading on Nymex:

— Heating oil was up 1.5 cents to $3.07 a gallon.

— Natural gas fell 0.3 cents to $3.443 per 1,000 cubic feet.

— Wholesale gasoline was little changed at $2.997 a gallon.

 

 

 

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