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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 rises on China's modest manufacturing growth

KUALA LUMPUR, Malaysia (AP) — Oil prices rose Monday as China's manufacturing growth held steady at a modest pace in November.

Brent crude, a benchmark for international oils, was up 44 cents to $110.13 a barrel at midafternoon Kuala Lumpur time on the ICE futures exchange in London.

Benchmark U.S. crude for January delivery added 48 cents to $93.34 a barrel in electronic trading on the New York Mercantile Exchange. The contract fell 41 cents to close at $93.68 on Friday.

Chinese manufacturing barely expanded in November, growing at about the same rate as the previous month, two surveys showed in evidence that growth in the world's No. 2 economy was continuing but at a modest pace.

HSBC's purchasing managers' index released Monday slipped to 50.8 from 50.9 in October. Although November's reading was little changed, HSBC said it was the second-highest level in eight months, indicating China's massive manufacturing industries are improving, though marginally.

The report comes a day after an official survey that found manufacturing activity was unchanged.

China's leaders are counting on a continuing recovery to avoid the need for further stimulus. China's economic growth rose to 7.8 percent in the third quarter after slumping to a two-decade low of 7.5 percent in the previous three months.

In other energy futures trading on Nymex:

— Wholesale gasoline added 1.3 cents to $2.676 a gallon.

— Heating oil rose 1.3 cents to $3.04 a gallon.

— Natural gas shed 2.4 cents to $3.93 per 1,000 cubic feet.

 

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