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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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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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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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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 stays above $102 per barrel on Ukraine unrest

The Associated Press

Oil declined Wednesday but stayed above $102 per barrel amid unrest in eastern Ukraine and the possibility of lower U.S. production.

Benchmark U.S. crude oil for May delivery was down 44 cents to $102.12 at 0910 GMT in electronic trading on the New York Mercantile Exchange. The contract gained $2.12 to $102.56 on Tuesday.

Brent crude, used to set prices for international oil varieties, shed 26 cents to $107.37 on the ICE exchange in London.

Traders are uneasy about possible disruption of supplies due to conflict in eastern Ukraine and possible European sanctions on Russia.

Pro-Russian separatists have seized government buildings in several cities in Ukraine's east in the aftermath of Russia's annexation of Crimea.

Also this week, the U.S. Energy Department lowered its 2014 crude production forecast to 8.37 million barrels a day from 8.39 million barrels.

In other energy futures trading in New York:

— Wholesale gasoline shed 0.2 cent to $2.978 a gallon.

— Natural gas fell 1.1 cents to $4.523 per 1,000 cubic feet.

— Heating oil slipped 0.2 cent to $2.932 a gallon.

 

 

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