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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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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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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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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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Oil down near $95 as focus returns to Iran talks

KUALA LUMPUR, Malaysia (AP) — Oil fell to near $95 a barrel Friday as investors waited to see if Iran will get sanction relief in exchange for curbing its nuclear program.

Benchmark U.S. crude for January delivery was down 20 cents to $95.24 at midafternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract gained $1.59 to close at $95.44 on Thursday, the highest close this month.

Oil was buoyed by signs of recovery in the U.S. job market but the gains were short-lived as focus returned to the Iran nuclear talks which began in Geneva on Wednesday.

Negotiators were trying to fine-tune a draft agreement that would limit Tehran's atomic program in an initial deal. In exchange, 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.

A senior U.S. official has told reporters that Iran is losing $5 billion a month in oil sales alone and $120 billion in total from all sanctions.

The powers insist that the most severe penalties, which are on oil exports and banks, will remain until there is a comprehensive agreement to minimize Iran's nuclear arms-making capacity. Iran says it does not want such weapons and has indicated it's ready to start rolling back its program but wants greater and faster sanctions relief than that being offered.

Brent crude, the benchmark for an international variety of crude, fell 7 cents to $110.01 a barrel on the ICE futures exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline eased 0.9 cent to $2.71 gallon.

— Heating oil shed 0.6 cent to $3 a gallon.

— Natural gas was up 1.6 cents at $3.718 per 1,000 cubic feet.

 

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