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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 prices dip as Iran's nuclear talks resume

KUALA LUMPUR, Malaysia (AP) — Oil prices fell Thursday as talks resumed between Iran and six powers to curb Tehran's nuclear program.

Benchmark U.S. crude for January delivery was down 20 cents to $93.65 a barrel at midafternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract for December, which expired Wednesday, closed down 1 cent at $93.33.

A new round of Iran nuclear talks began in Geneva on Wednesday, with both sides indicating a first-step agreement was possible on a deal to roll back Iran's nuclear program in exchange for limited sanctions relief.

The U.S., Britain, France, Russia, China and Germany are offering a gradual easing of sanctions that have crippled Iran's economy, raising the possibility of an influx of Iranian oil into world markets at a time of already abundant supplies.

At the same time, signs that the Federal Reserve may wind down its $85 billion monthly bond purchases also bogged sentiment.

Minutes of the Fed last meeting showed members agreed they would likely start tapering stimulus in coming months if the job market improved further. The Fed's bond purchases have kept long-term borrowing rates low to spur spending and growth.

Brent crude, the benchmark for an international variety of crude, fell 19 cents to $107.87 a barrel on the ICE futures exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline eased 0.4 cent to $2.642 gallon.

— Heating oil dipped 0.3 cent to $2.95 a gallon.

— Natural gas was flat at $3.674 per 1,000 cubic feet.

 

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