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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 after rising for 5th straight day


The Associated Press

The price of oil edged up Friday for a fifth day in a row on expectations for increased demand.

Benchmark U.S. crude for March delivery was up 22 cents to $97.54 a barrel at 0620 GMT in electronic trading on the U.S. Mercantile Exchange. Oil rose 59 cents to $97.32 on Thursday.

On Thursday, preliminary results of HSBC's January survey of Chinese factory purchasing managers indicated a contraction in manufacturing for the first time since July. Despite the disappointing China data, the severe cold spell in parts of the U.S. and higher forecasts for global economic growth boosted the outlook for oil demand.

On Wednesday, the International Monetary Fund raised its growth forecasts for the global economy and the U.S. economy.

The deep chill blanketing much of the central and eastern U.S. has reduced stocks of heating oil as homeowners crank up the thermostat and electric utilities burn it to avoid paying for natural gas.

Natural gas has skyrocketed to record prices of more than $100 per 1,000 cubic feet on the spot market in some U.S. regions. The increased demand is also reflected in a less severe rise in prices for natural gas futures.

Brent crude, a benchmark for international oil, was up 13 cents to $107.71 a barrel on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline inched up 0.3 cent to $2.673 a gallon.

— Heating oil added 0.4 cent to $2.995 a gallon.

— Natural gas rose 14.4 cents to $4.874 per 1,000 cubic feet.

 

 

 

 

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