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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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U.S. energy boom could go global

Alanna Petroff

LONDON (CNNMoney) -- The U.S. energy boom could go global.

Energy consultant IHS has identified 23 locations around the world -- from Argentina to West Siberia -- that could together hold roughly 175 billion barrels in recoverable oil, far surpassing the 43 billion barrels estimated to be sitting in North America.

The IHS report highlights the Vaca Muerta area in Argentina and North Africa as two regions with huge reserves of tight oil -- or shale oil -- typically extracted using a process known as fracking.

"This study makes clear that the potential for global tight oil is there and that it is very, very large," said IHS research director Jan Roelofsen.

The energy boom playing out in the U.S. has been driven by companies extracting this kind of oil using fracking -- or hydraulic fracturing -- which involves injecting water, sand and chemicals deep into the ground at high pressure to crack rock and allow oil and gas to flow.

Growth in the fracking industry has helped propel the U.S. out of recession and is reshaping the global oil market as the U.S. becomes less dependent on imports.

But it is a controversial field, with some fearing that fracking contaminates ground water and leads to small earthquakes and tremors. However, many other countries are hoping to jump on the fracking bandwagon to expand their energy production capacity and grow their economies.

Experts say it will take years for other nations to replicate America's energy success. Regulations, restrictions on access to land and the need to conduct extensive testing can slow progress, and it can be difficult and expensive to hire specialized employees and secure equipment.

"Outside of North America, China, Argentina and maybe Poland, most of these resources will not be contributing to global supply until after 2020," said Will Pearson, Eurasia Group's director of global energy and natural resources.

The IHS report examined a total of 148 sites around the world and estimates that these sites could yield nearly 300 billion barrels in tight oil. The study used geological data and comparisons to U.S. sites to create its estimates.

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