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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 prices remain near $92 on Iran, Libya outlook


The Associated Press

The price of oil remained near $92 a barrel Tuesday on expectations that global supplies will rise with ramped up output in Libya and the North Sea, along with increased exports from Iran if a deal on its nuclear program succeeds.

Benchmark U.S. oil for February delivery was up 21 cents at $92.01 a barrel at 0500 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 92 cents to close at $91.80 on Monday.

Brent crude, used to set prices for international varieties of crude used by many U.S. refineries, was up 1 cent at $105.98.

An agreement Sunday between Iran and six world powers may enable Iran's oil industry, whose exports were severely limited by economic sanctions over its nuclear program, to sell more crude after the deal takes effect Jan. 20.

The planned six-month interim agreement will limit Tehran's uranium enrichment and allow international inspectors access to its nuclear facilities.

News of the agreement coincided with reports of a rebound in production by Libya. Meanwhile, North Sea oil output is due to increase with the restart of the Buzzard oilfield.

In other energy futures trading in New York:

— Wholesale gasoline was down 0.4 cent at $2.631 a gallon.

— Natural gas rose 3.4 cents to $4.308 per 1,000 cubic feet.

— Heating oil fell 0.1 cent to $2.934 a gallon.

 

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