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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 rises ahead of US supply report 


The Associated Press

The price of oil rose Wednesday before the release of the latest report on U.S. supplies and minutes from the U.S. Federal Reserve's April policy meeting.

Benchmark U.S. crude for July delivery was up 56 cents to $102.90 a barrel at 0550 GMT in electronic trading on the New York Mercantile Exchange. It gained 22 cents to $102.33 on Tuesday.

Brent crude, a benchmark for international oil, was up 4 cents to $109.73 a barrel on the ICE exchange in London.

Traders are watching for analysis of the U.S. economy from the Fed. Meanwhile, fresh information on U.S. stockpiles of crude and refined products is also due later Wednesday.

Data for the week ended May 16 is expected to show a decline of 300,000 barrels in crude oil stocks and an increase of 150,000 barrels in gasoline stocks, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.

In other energy futures trading in New York:

— Wholesale gasoline was down 0.5 cent to $2.956 a gallon.

— Natural gas fell 2.2 cents to $4.53 per 1,000 cubic feet.

— Heating oil was flat at $2.946 a gallon.

 

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