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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 extends gains in Asia on cold US weather


The Associated Press

The price of oil rose Wednesday in Asia on prospects U.S. demand will hold up amid cold weather, offsetting worries about a slowdown in emerging economies.

Benchmark U.S. crude for March delivery was up 59 cents to $97.78 a barrel at 0735 GMT in electronic trading on the New York Mercantile Exchange. It gained 76 cents to close at $97.19 on Monday in New York.

Brent crude, a benchmark for international oil used by many U.S. refineries, was up 38 cents at $106.16 on the ICE exchange in London.

Northeastern U.S. is bracing for a second storm of the week, forcing classes to be canceled and government and business offices to close. Anywhere from a few inches to a foot or more of snow is expected to fall on East Coast states, and some places are expected to get freezing rain and sleet.

Although the slowdown in China and some emerging markets has worked to dampen oil prices, the unusually cold winter in the U.S. has helped push them back up.

In other energy futures trading on Nymex:

— Wholesale gasoline inched up 1.3 cents to $2.617 a gallon.

— Heating oil added 1.5 cents to $2.998 a gallon.

 

 

 

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