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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 price little changed near $97 a barrel


The Associated Press

The price of oil inched up Monday but gains were tempered by the prospect of a further reduction in U.S. central bank stimulus.

Benchmark U.S. crude for March delivery was up 8 cents at $96.72 a barrel at 0520 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 68 cents to settle at $96.64 a barrel on Friday.

The Federal Reserve meets for two days from Tuesday. Officials are widely expected to reduce the central bank's monthly bond buying that has underpinned an economic recovery.

So far, the reduction has been minimal. The Fed has cut the amount of bonds it buys each month by $10 billion to $75 billion but many economists think the stimulus could end this year if the U.S. economic recovery gains steam.

The International Monetary Fund's managing director Christine Lagarde warned over the weekend of the risks posed to global economic recovery from phasing out the U.S. stimulus too rapidly and deflation in Europe.

Also, less monetary easing in the U.S. could boost the dollar, making oil less affordable for holders of other currencies.

Slowing growth in China was another factor weighing on oil prices. Preliminary results of a survey released last week showed China's manufacturing would contract in January.

Brent crude, used to set prices for international varieties of crude, was down 36 cents at $107.52 on the ICE exchange in London.

In other energy futures trading on Nymex:

— Wholesale gasoline was down 0.4 cent at $2.666 a gallon.

— Natural gas rose 2.4 cents to $5.421 per 1,000 cubic feet

— Heating oil was up 0.2 cent at $3.018 a gallon.

 

 

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