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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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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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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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Ski Grand Prairie? TCU, UTA grad helping bring snow to Metroplex

For Levi Davis last week may have been a career peak, in more ways than one.

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Oil hovers near $100 on hopes of US recovery


The Associated Press

Oil hovered near $100 a barrel Monday on hopes that the U.S. economic recovery can be sustained despite January's poor payrolls report.

Benchmark U.S. crude for March delivery was down 9 cents to $99.79 a barrel at 0830 GMT in electronic trading on the New York Mercantile Exchange. Oil gained $2.04 to close at $99.88 on Friday.

The Labor Department reported that 113,000 jobs were created in January, far below market expectations of 175,000 jobs. This followed a weak 75,000 jobs created in December.

But unemployment dipped to 6.6 percent, the lowest rate since the global financial crisis hit in late 2008, and more people sought jobs. It suggested that people are feeling better about their prospects and that hiring was depressed by the bad weather.

The mixed data also saw some investors hoping that the Federal Reserve may put off plans to further reduce its stimulus.

Brent crude, used to set prices for international varieties of crude, fell 53 cents to $109.04 a barrel on the ICE Futures exchange in London.

In other energy futures trading in New York:

— Wholesale gasoline added 0.6 cent to $2.743 a gallon.

— Heating oil shed 1.2 cents to $3.039 a gallon.

— Natural gas lost 6.5 cents to $4.71 per 1,000 cubic feet.

 

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