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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 on expectations US supplies fell

KUALA LUMPUR, Malaysia (AP) — The price of oil surged above $97 a barrel Wednesday on expectations U.S. crude stockpiles fell.

Benchmark U.S. crude for January delivery was up $1.16, or 1.2 percent, to $97.20 a barrel at midafternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract rose $2.22 to $96.04 on Tuesday after TransCanada said the southern leg of its Keystone XL pipeline should be operational early next month.

The pipeline would move oil out of Cushing, Okla., the physical delivery point for futures on U.S. benchmark oil, to Port Arthur, Texas. That should lead to greater demand for the oil, which costs less than the crudes imported into the Gulf region.

Analysts said the U.S. energy department is expected to report Wednesday a fall in crude supplies after 10 consecutive weeks of gains, which might point to stronger demand.

U.S. stockpiles data for the week ended Nov. 29 is expected to show a decline of 1.25 million barrels in crude oil stocks and an increase of 2 million barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

Investors are also looking to a meeting of the Organization of Petroleum Exporting Countries in Vienna on Wednesday for an update on production levels. OPEC is expected to keep intact its daily output target of 30 million barrels a day, although the group may come under pressure to reduce production if some supply sources currently experiencing disruptions return to normal.

Brent crude, a benchmark for international oils, rose 24 cents at $112.86 a barrel on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline gained 2 cents to $2.744 a gallon.

— Heating oil was up 0.7 cent at $3.073 a gallon.

— Natural gas added 1.3 cents to $3.989 per 1,000 cubic feet.

 

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