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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 falls to near $97 a barrel


The Associated Press

The price of oil dropped Monday after a survey released on the weekend showed a slight deterioration in China's manufacturing.

Benchmark U.S. crude for March delivery was down 17 cents to $97.32 a barrel at 0600 GMT on the New York Mercantile Exchange. The contract fell 74 cents Friday to close at $97.49 a barrel.

Brent crude, used to set prices for international varieties of crude, was down 9 cents to $106.31 on the ICE exchange in London.

A factory purchasing managers index reported Saturday by the government-affiliated China Federation of Logistics and Purchasing fell from 51 in December to 50.5 in January, just above the 50 level that signifies expansion in manufacturing.

Weaker manufacturing in China could reduce global demand for energy imports but the survey results may reflect Chinese New Year effects. This year the holiday spans late January and early February, reducing working days in both months.

Prices were pulled down late last week following forecasts of warmer weather in the U.S., following a spate of extreme cold in many areas.

In other energy futures trading on Nymex:

—Wholesale gasoline was down 0.6 cent at $2.637 a gallon

—Heating oil dropped 0.7 cent to $3.004 a gallon.

—Natural gas fell 11 cents to $4.833 per 1,000 cubic feet.

 

 

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