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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 above $97 as China manufacturing improves

BANGKOK (AP) — Stronger Chinese manufacturing pushed the price of oil higher Thursday but gains were kept in check by plentiful supplies.

Benchmark U.S. crude for December delivery was up 65 cents at $97.51 a barrel at midafternoon Bangkok time in electronic trading on the New York Mercantile Exchange.

The contract fell $1.44 to $96.86 on Wednesday after the Energy Information Administration said U.S. oil inventories rose by 5.2 million barrels last week, a possible symptom of subdued demand and overproduction. The rise in stockpiles followed a 4 million barrel increase in the previous week.

The price of crude has fallen about 5 percent over the past week to its lowest levels since June. But it got a lift Thursday from a survey that showed China's manufacturing rose to a seven month high in October, suggesting continued momentum for the recovery in the world's second-biggest economy.

The preliminary version of HSBC's purchasing managers' index rose to 50.9 from September's 50.2 on a 100-point scale on which numbers above 50 indicate expansion.

Output, new orders and new export orders all increased at a faster rate, according to the survey, which is based on 85-90 percent of responses from 420 factories.

Brent crude was up 31 cents at $108.11 a barrel on the ICE futures exchange in London.

In other energy futures trading on the Nymex:

— Wholesale gasoline added 1 cent to $2.553 a gallon.

— Natural gas fell 1.1 cents to $3.608 per 1,000 cubic feet.

— Heating oil shed 0.7 cent to $2.929 a gallon.

 

 

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