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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 extends losses on China slowdown signs


The Associated Press

The price of oil fell further on Friday as recent signs of sputtering economic growth in China suggested demand for crude could weaken.

Other factors influencing crude supplies included a report that U.S. crude reserves rose to a 38-year high and the delayed reopening of export terminals in Libya.

Benchmark crude for May delivery was down 20 cents to $103.20 a barrel at 0740 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 20 cents to settle at $103.40 a barrel on Thursday.

Brent crude, a benchmark for international oil prices, slipped 23 cents to $107.29 a barrel on the ICE Futures exchange in London.

Oil prices retreated from a five-week high this week after China report shrinking exports and imports for March, raising concerns about slowing growth in the world's No. 2 economy. Investors are nervously awaiting the release of first-quarter economic data next week that will shed further light on the situation.

The U.S. Energy Department said the country's crude oil reserves rose for a fourth straight year to their highest level since 1976 as hydraulic fracturing methods have helped drillers unlock oil trapped in rock formations.

Traders were watching for the reopening of four Libyan export terminals in Libya, which have been delayed as the central government and militias who had occupied the facilities have failed to reach a definite agreement.

In other energy futures trading in New York:

— Wholesale gasoline was little changed at $3.006 a gallon.

— Natural gas rose 1.2 cents to $4.643 per 1,000 cubic feet.

— Heating oil fell 0.4 cent to $2.935 a gallon.

 

 

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