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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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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 heads toward $108 as US economy brightens

PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — Oil prices rose Thursday after new U.S. indicators underlined a modest recovery in the world's biggest economy.

Benchmark oil for October delivery was up 28 cents to $107.51 at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell Wednesday by $1.31, or 1.2 percent, to close at $107.23 a barrel on the Nymex.

A jump in U.S. auto sales helped brighten the outlook for oil consumption. General Motors and other U.S. carmakers posted strong sales in August, giving the auto industry its best month in six years.

The Federal Reserve also said Wednesday that surveys showed moderate growth throughout the country.

What's more, the economies of the Europe and Japan are finally growing. Japan's central bank said Thursday that the world's No. 3 economy was recovering "moderately." The combined economy of the 17 euro currency nations grew 0.3 percent in the second quarter of 2013 after 18 months of recession. Chinese manufacturing has turned a corner after a prolonged slump.

Investors will be monitoring fresh information on U.S. stockpiles of crude and refined products.

Data for the week ending Aug. 30 is expected to show draws of 2.5 million barrels in crude oil stocks and 1 million barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos. The Energy Department's Energy Information Administration — the market benchmark — will be out on Thursday.

Brent, the benchmark for international crudes, rose 17 cents to $115.08 a barrel on the ICE Futures exchange in London. Prices of Brent have risen sharply due to fears the U.S. could intervene militarily in Syria's civil conflict.

"The likelihood of an international military intervention in the conflict in Syria, and therefore a general deterioration of the security situation in the broader region, increased markedly over the past week due the escalation of violence in the non-OPEC country," said analysts at Goldman Sachs in a newsletter commentary.

In other energy futures trading on Nymex:

— Wholesale gasoline fell 0.2 cent to $2.863 per gallon.

— Heating oil rose 0.1 cent to $3.138 per gallon.

 

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