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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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Ukraine jitters push oil above $100

The Associated Press

 

Oil rose above $100 per barrel on Monday amid renewed tensions over Ukraine.

Benchmark U.S. crude for June delivery was up 13 cents to $100.12 a barrel at 0650 GMT in electronic trading on the New York Mercantile Exchange. The contract fell 27 cents to close Friday at $99.99.

Brent crude, a benchmark for international varieties, added 37 cents to $108.26 in London. In the previous session, the contract shed 15 cents to $107.89.

Traders are worried about turmoil in Ukraine and disruption of oil exports from Libya despite muted demand and plentiful supplies.

"The fears are that separatists in Ukraine involving Russian complicity could ratchet up instability in Eastern Europe," said Mizuho Bank in a report.

Pro-Russian insurgents who organized controversial referendums in two regions of eastern Ukraine say about 90 percent of voters have backed their calls for sovereignty. The Ukrainian and Western governments have condemned the balloting as a sham and a violation of international law.

Traders worry Russian energy exports could be interrupted if further instability in Ukraine results in stronger Western sanctions.

In other energy futures trading in New York:

— Wholesale gasoline added 0.8 cent to $2.904 a gallon.

— Heating oil gained 1.1 cents to $2.918 a gallon.

— Natural gas fell 1.2 cents to $4.519 per 1,000 cubic feet.

 

 

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