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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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China manufacturing stems oil fall, idles near $96

BANGKOK (AP) — Stronger Chinese manufacturing stemmed a three-day slide in the price of oil Friday.

Benchmark U.S. crude for December delivery was up 16 cents at $96.52 a barrel at early afternoon Bangkok time in electronic trading on the New York Mercantile Exchange. The contract fell 39 cents to close at $96.38 on Thursday. For October, oil sank 5.8 percent.

Ample supplies of crude have weighed on the price. The Energy Department said Wednesday that U.S. supplies increased 4.1 million barrels last week. Over five weeks, supplies have risen by more than 25 million barrels.

But a suggestion of stronger demand came Friday from two reports on Chinese manufacturing that showed an uptick in activity.

That suggests China's economic recovery could continue to strengthen after growth rebounded to 7.8 percent in the third quarter from a two-decade low in the previous quarter.

Brent crude, a benchmark for international crude also used by U.S. refineries, rose 47 cents to $109.31 a barrel on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline rose 1.1 cents to $2.598 a gallon.

— Heating oil added 1.1 cent to $2.964 a gallon.

— Natural gas dropped 2.5 cents to $3.556 per 1,000 cubic feet.

 

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