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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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Crude oil slightly down ahead of US jobs report


The Associated Press

The price of oil fell slightly Friday as market players readied for the release of a crucial U.S. jobs report.

Benchmark U.S. crude for March delivery was down 16 cents at $97.68 a barrel at 0630 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 46 cents to close at $97.84 a barrel on Thursday, boosted by a positive report on the U.S. labor market and colder temperatures.

Brent crude, used to set prices for international varieties of crude, rose 12 cents at $107.31 a barrel.

"I think the market is waiting for the U.S. non-farm payrolls figure tonight," said Ric Spooner, chief market analyst at CMC Markets in Sydney, Australia. He said market players may be "positioning and book squaring prior to the jobs figure."

With chilly temperatures across the middle of the U.S. and into the Northeast, demand for heating oil remains strong. That should boost refinery demand for crude oil.

Spooner said he did not expect a lot of movement in the oil price if the jobs figure is not too far away from expectations or even a bit away, given the cold weather that has kept oil prices steady over recent weeks.

The Labor Department said Thursday the number of people applying for U.S. unemployment benefits declined 20,000 last week to 331,000, suggesting that Americans are facing fewer layoffs and better job prospects.

In other energy futures trading in New York:

— Wholesale gasoline rose 0.6 cents to $2.689 a gallon.

— Natural gas was down 2.4 cents at $4.955 per 1,000 cubic feet.

— Heating oil price rose 1.1 cents at $3.006 a gallon.

 

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