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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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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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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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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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Oil price rises toward $105 as supplies drop 

File art
 
PAMELA SAMPSON, AP Business Writer

 

BANGKOK (AP) — A drop in oil supplies and positive Chinese trade figures helped boost the price of oil on Thursday.

Benchmark crude for September delivery was up 10 cents to $104.47 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract dropped 93 cents to close at $104.37 a barrel on the Nymex on Wednesday.

China's exports and imports both increased last month, beating expectations and representing a strong recovery from June's slump. That suggested growth in the world's No. 2 economy might eventually pick up following months of sluggishness.

Separately, U.S. oil inventories fell by nearly 3.7 million barrels to 366.3 million barrels for the week ending Aug. 2, according to the American Petroleum Institute. Analysts were expecting a drop of 2 million barrels, according to Platts, the energy information arm of McGraw-Hill.

On Wednesday, the U.S. government reported a smaller decline. The Energy Information Agency said crude supplies fell 1.3 million barrels last week.

Brent crude, traded on the ICE Futures exchange in London, fell 8 cents to $107.36 a barrel.

In other energy futures trading on Nymex:

— Heating oil fell 0.1 cent to $2.964 a gallon.

— Natural gas fell 1.2 cents to $3.235 per 1,000 cubic feet.

— Wholesale gasoline rose 0.2 cents to $2.873 a gallon.

 

 

 

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