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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 near $99 after China manufacturing drops


The Associated Press

The price of oil fell slightly Monday following a drop in China's manufacturing.

Benchmark U.S. crude for May delivery was down 3 cents at $99.43 a barrel at 0825 GMT in electronic trading on the New York Mercantile Exchange. The contract rose 56 cents to $99.46 on Friday. Brent crude, used to set prices for international varieties of crude, fell 28 cents to $106.64 a barrel

The preliminary version of HSBC's purchasing managers' index for China released Monday showed manufacturing dropped to an eight-month low.

The index fell to 48.1 from February's 48.5 on a 100-point scale. Readings above 50 indicate expansion. Factory output shrank at the fastest pace in 18 months.

But Asian stock markets were higher Monday as investors bet that China would introduce economic stimulus measures to prevent a deeper slowdown in the world's No. 2 economy.

Investors are also waiting for data on the U.S. housing market with Tuesday's release of the S&P/Case-Shiller index of home prices for January. Also Tuesday, the government will report on new home sales in February and the Conference Board will release the Consumer Confidence Index for March.

In other energy futures trading on Nymex:

— Wholesale gasoline eased 0.7 cent to $2.892 a gallon.

— Heating oil fell 0.8 cent to $2.906 a gallon.

— Natural gas rose 2.2 cents to $4.335 per 1,000 cubic feet.

 

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