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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 rises on hopes of more US jobs, Ukraine crisis


The Associated Press

Oil prices rose Friday as the Ukraine crisis took a new twist and expectations rose for a solid increase in U.S. employment.

Benchmark U.S. crude for April delivery was up 31 cents to $101.87 per barrel at 0720 GMT in electronic trading on the New York Mercantile Exchange. On Thursday, the contract rose 11 cents to close at $101.56. Brent crude, used to set prices for international varieties of crude, was up 21 cents to $108.31 per barrel on the ICE exchange in London.

The U.S. government will release February employment figures later Friday. Hopes for a strong report were boosted after the Labor Department said Thursday that the number of people who filed for jobless benefits fell last week to the lowest level in three months.

The unemployment claims report was one of the first bits of good news investors have had on the economy after weeks of data that showed the U.S. recovery slowing because of the severe winter.

Tension over Russia's military incursion into Ukraine's Crimean peninsula also underpinned oil prices.

Ukraine lurched toward breakup as lawmakers in Crimea unanimously declared they wanted to join Russia and would put the decision to voters in 10 days.

The U.S. moved to impose financial sanctions and travel restrictions on opponents of Ukraine's new government and the European Union also announced limited punitive measures against Russia including the suspension of trade and visa talks. Both Washington and the EU said they were discussing further sanctions.

In other energy futures trading on Nymex:

— Wholesale gasoline was up 0.2 cent at $2.947 per gallon.

— Heating oil added 0.6 cent to $2.989 per gallon.

— Natural gas dipped 2.3 cents to $4.639 per 1,000 cubic feet.

 

 

 

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