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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 stays below $104 despite China factory growth


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PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — A rebound in China's manufacturing couldn't boost the price of oil Thursday as traders braced for the Federal Reserve to start phasing out its monetary stimulus.

Benchmark oil for October delivery was down 5 cents to $103.80 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract dropped $1.26 to close at $103.85 a barrel on the New York Mercantile Exchange.

HSBC Corp. said the preliminary version of its monthly China purchasing managers' index rose to 50.1 for August, a sharp improvement from July's 47.7 reading. Numbers above 50 indicate an expansion in activity.

The improvement in China's factory output was overshadowed by expectations that the Federal Reserve will begin to reduce its monetary stimulus because the U.S. economy is showing signs of improvement.

The program was intended to push down interest rates and spark investment, but also weighed on the dollar's value. However, the dollar has crept up in recent days amid expectations that the Fed will gradually reduce its purchases of Treasurys and other bonds.

Michael Hewson of CMC Markets said oil prices "have stayed under pressure" as the dollar firms.

When the dollar rises, oil gets more expensive for foreign currency holders and thus losses some of its investment appeal.

Falling U.S. crude inventories, which suggest stronger demand for oil, also failed to boost prices. For the week ended Aug. 16, stockpiles of crude feel by nearly 1.2 million barrels to 364.1 million barrels, according to the American Petroleum Institute.

Brent crude, which is used to set prices for imported oil used by many U.S. refineries, fell 21 cents to $109.60 a barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

— Heating oil fell 0.5 cent to $3.077 per gallon.

— Natural gas rose 0.7 cent to $3.467 per 1,000 cubic feet.

— Wholesale gasoline was little changed at $2.819 per gallon.

 

 

 

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