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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 back above $98 after China jitters

The Associated Press

The price of oil rose above $98 per barrel on Thursday after plunging the day before on concern China's economic slowdown is deepening.

Benchmark U.S. crude for April delivery was up 11 cents to $98.19 per barrel at 0830 GMT in electronic trading on the New York Mercantile Exchange. A day earlier, the contract fell $2.04 to close at $97.99, its first close below $100 in a month.

Brent crude, used to set prices for international varieties of crude, was down 2 cents to $107.33 on the ICE exchange in London.

A decline in Chinese exports in February has fueled worries the world's second-largest economy is weakening further. Growth in factory output, investment and retail sales, reported Thursday, was unusually weak.

Oil prices had been falling after spiking last week on fears Russia's military incursion into the Crimean Peninsula might lead to U.S. and European sanctions on one of the world's largest energy suppliers.

Providing some support to prices, the Organization of Petroleum Exporting Countries, which accounts for around a third of the world's oil production, raised slightly its forecast for global crude demand in 2014.

In its monthly oil market report released Wednesday, OPEC estimated the world will consume 91.1 million barrels a day this year, 1.14 million barrels more than in 2013 and 50,000 barrels above the group's previous forecast released in February.

In other energy futures trading on Nymex:

— Wholesale gasoline shed 0.3 cent to $2.952 a gallon.

— Heating oil declined 0.5 cent to $2.921 a gallon.

— Natural gas lost 2.7 cents to $4.463 per 1,000 cubic feet.

 

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