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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 hovers below $96 as holidays, Fed eyed


The Associated Press

The price of oil rose slightly Tuesday ahead of the Chinese New Year holiday and amid forecasts for moderating temperatures in the U.S. Northeast.

Benchmark U.S. crude for March delivery was up 13 cents at $95.85 a barrel at 0530 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 92 cents to settle at $95.72 on Monday. Brent crude, used to set prices for international varieties of crude, was up 25 cents at $106.94 a barrel.

Yusuke Seta, an energy analyst at Newedge brokerage in Tokyo, said he did not expect much movement in the oil market ahead of the Chinese New Year holidays which begin later this week.

"Ahead of the Chinese New Year, the traders are less active or aggressive in taking their positions," he said.

Benchmark oil fell below $96 on Monday amid forecasts for moderating temperatures in the U.S. Northeast and ahead of the next meeting of the U.S. central bank.

Along with oil, the prospects of a break in the deep chill that has enveloped the upper U.S. Midwest, the Northeast and parts of the South sank the price of natural gas.

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.

In other energy futures trading in New York:

— Wholesale gasoline was up 0.6 cent at $2.639 a gallon.

— Natural gas rose 8.4 cents to $4.931 per 1,000 cubic feet

— Heating oil price was up 0.3 cent at $2.97 a gallon.

 

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