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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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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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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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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 falls to near $92


The Associated Press

Oil prices fell Monday after a big jump in the previous trading session that was sparked by expectations the Fed might delay stimulus reduction.

Benchmark U.S. oil for February delivery was down 36 cents to $92.36 a barrel at 0825 GMT in electronic trading on the New York Mercantile Exchange. The contract surged $1.06 to settle at $92.72 a barrel on Friday.

The U.S. added just 74,000 thousand jobs in December, way below market expectations of 196,000 jobs. The unemployment rate fell from 7.0 percent to 6.7 percent, but it was mostly because of a drop in the number of people seeking work.

The weaker hiring led to speculation the Fed would halt or slow plans to reduce its bond purchasing program. The stimulus, which has kept interest rates low, has helped underpin oil prices by weakening the dollar and also by attracting investors to commodities in search of higher profits. A weaker dollar usually boosts oil prices by making crude cheaper for traders using other currencies.

But some analysts said the jobs number was a fluke due partly to bitterly cold weather, following weeks of data showing the U.S. economy improving. As such, the Fed's plan to wind down its economic stimulus is unlikely to change.

The Fed said in December it would start cutting back its stimulus by $10 billion a month, but further cuts would depend on how many new jobs were added in coming months.

Brent crude, used to set prices for international varieties of crude, eased 18 cents at $106.43 a barrel on the ICE exchange in London.

In other energy futures trading on Nymex:

— Natural gas was up 7 cents to $4.09 per 1,000 cubic feet.

— Wholesale gasoline shed 0.3 cent to $2.667 a gallon.

— Heating oil was down 0.4 cent to $2.937 a gallon.

 

 

 

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