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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 price eases, natural gas steady

The Associated Press

 

Oil prices eased Friday after gaining 1 percent a day earlier on smaller stockpiles and signs of stronger U.S. demand.

Benchmark U.S. crude for February delivery shed 29 cents to $98.75 per barrel in electronic trading on the New York Mercantile Exchange.

Brent crude for February delivery, a benchmark used to price international crudes used by many U.S. refiners, shed 29 cents to $110 in London.

Meanwhile, natural gas held steady at a 29-month high of $4.46 per thousand cubic feet on Nymex. It added 5 percent a day earlier after the U.S. government reported a huge draw in supplies due to recent cold weather.

The Energy Department said Thursday that natural gas supplies dropped by 285 billion cubic feet last week and are 261 billion cubic feet below the five-year average.

Oil prices rose despite the U.S. Federal Reserve's decision to ease its stimulus, which analysts believe will lead to lower oil prices.

The Fed's action is expected to increase the value of the dollar compared with other currencies. That makes commodities such as oil, which are priced in dollars, more expensive and less attractive.

However, the Fed's decision also was seen by financial markets as a vote of confidence that the American economy is strengthening. That might fuel expectations for higher energy demand.

In other energy futures trading on Nymex:

— Wholesale gasoline edged up 0.8 cents to $2.748 a gallon.

— Heating oil shed 0.3 cents to $3.022 per gallon.

 

 

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