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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 falls to near $106 ahead of Europe growth data
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PAMELA SAMPSON, AP Business Writer

 

BANGKOK (AP) — The price of oil fell Wednesday as traders waited for European growth figures that might show the continent has emerged from a long recession.

Benchmark crude for September delivery was down 63 cents to $106.20 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 72 cents to close at $106.83 on Tuesday.

A relatively stronger dollar also worked against oil prices. Oil is traded in dollars and becomes a less attractive investment for holders of other currencies when the value of the greenback rises.

In recent days, the dollar has posted gains against the Japanese yen, the Swiss franc, and the currencies of commodity-driven countries including Australia and Canada, said Michael Hewson, senior market analyst at CMC Markets. That could partly explain the falling price of oil in the face of brighter economic data from Europe and the U.S.

The U.S. government reported slightly improved retail sales for July on Tuesday, while Germany said its ZEW investor confidence survey improved in August. There are hopes second quarter GDP figures due later Wednesday will show that the combined economy of the 17 countries that use the euro has started growing again.

Brent crude, traded on the ICE Futures exchange in London, fell 67 cents to $107.81 a barrel.

In other energy futures trading on Nymex:

— Heating oil fell 1.4 cents to $3.034 a gallon.

— Wholesale gasoline fell 1.2 cents to $2.808 a gallon.

— Natural gas rose 1.2 cents to $3.297 per 1,000 cubic feet.

 

 

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