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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 rises above $107 on Fed stimulus hopes

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PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — Oil rose above $107 a barrel Monday after a disappointing U.S. jobs report made it more likely the Federal Reserve will continue its stimulus program beyond September.

Benchmark crude for September delivery was up 18 cents to $107.12 at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 95 cents to close at $106.94 a barrel on Friday.

U.S. employers added 162,000 jobs in July, which was below expectations. The government also revised down gains for the prior two months when it released its employment figures Friday.

Some analysts were expecting the Fed to start reducing its massive economic stimulus program in September. However, the disappointing employment data raised hopes that the Fed might continue its $85 billion a month in government bond purchases until the end of the year.

The bond purchases have pushed down interest rates, which makes money available for spending and investment. But the purchases also inject more dollars into the economy, which lowers their value. That tends to push up the price of oil as it becomes more affordable for investors using other currencies.

"The U.S. dollar weakness generally is positive for risk assets, gold and other commodities. So that will be a good scenario for the markets, if tapering is delayed," said Stan Shamu, market strategist at IG in Melbourne, Australia.

Brent crude, traded on the ICE Futures exchange in London, rose 17 cents to $109.12 per barrel.

In other energy futures trading on the Nymex:

— Heating oil rose 0.9 cent to $3.08 a gallon.

— Natural gas fell 2.3 cents to $3.324 per 1,000 cubic feet.

— Wholesale gasoline fell 0.2 cent to $2.993 a gallon.

 

 

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