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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 drops to near $107 a barrel after Obama speech

PAMELA SAMPSON, AP Business Writer

BANGKOK (AP) — The price of oil dropped Wednesday after President Barack Obama said he asked U.S. lawmakers to postpone a vote authorizing the use of military force against Syria.

Obama, in a televised speech to the nation late Tuesday, said he wanted to give Syria a chance to turn over its chemical weapons before he asks Congress for consent to intervene in the country's civil war.

Oil prices have been at elevated levels for two weeks following Obama's call for action against the government of Syrian President Bashar Assad in retaliation for what the White House says was a deadly chemical weapons attack against civilians last month.

Syria's surprise announcement Tuesday that it would accept a Russian plan to turn over its chemical weapons stockpile raised the possibility of a resolution to the standoff between Obama and Assad and lowered tensions in oil markets.

Syria is not a major oil producer, but oil traders say the possibility of a wider conflict could interrupt production and shipping routes in the Middle East and cause prices to rise.

Benchmark oil for October delivery fell 33 cents to $107.06 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell $2.13, or 1.9 percent, to close at $107.39 a barrel on the Nymex on Tuesday.

Brent, the benchmark for international crudes, rose 18 cents to $111.43 per barrel on the ICE Futures exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline fell 0.4 cents to $2.7316 per gallon.

— Natural gas lost 0.1 cent to $3.583 per 1,000 cubic feet.

— Heating oil retreated 0.6 cents to $3.061 per gallon.

 

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