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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 extends losses below $105 per barrel

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PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — The price of oil fell again Wednesday as traders hunkered down and waited for news of when the U.S. economy might be weaned off the Fed's stimulus program.

U.S. benchmark oil for October delivery was down 36 cents to $104.75 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.

On Tuesday, the contract for September delivery dived $2.14, the sharpest decline in two months, to $104.96 a barrel. Analysts said some of the decline was driven by the expiration of the September contract at the end of trading. The October contract fell $1.75 to $105.11 a barrel.

Traders were awaiting the release Wednesday of minutes from the Federal Reserve's July policy meeting for hints of whether and when it might begin cutting back on its $85 billion a month of bond purchases. Evidence that the U.S. economy is improving and statements from Fed officials themselves have prepped investors to prepare for a winding down of asset purchases as early as September.

The Fed's stimulus policy has lowered interest rates and made oil and other commodities a more attractive investment by offering potentially higher returns. A "tapering" or phasing out of the program could push down oil prices.

Brent crude, which is used to set prices for imported oil used by many U.S. refineries, fell 35 cents to $109.80 a barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

— Heating oil fell 0.7 cent to $3.078 per gallon.

— Wholesale gasoline was little changed at $2.818 a gallon.

— Natural gas fell 1.7 cents to $3.427 per 1,000 cubic feet.

 

 

 

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