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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 falls but hovers near $104 a barrel 


The Associated Press

The price of oil drifted lower from a one-month high Thursday but held near $104 a barrel.

Benchmark U.S. crude for July delivery was down 22 cents to $103.85 a barrel at 0925 GMT in electronic trading on the New York Mercantile Exchange. The contract gained $1.74 to close at $104.07 on Wednesday.

Brent crude, a benchmark for international oils, was down 15 cents to $110.40 on the ICE exchange in London.

The U.S. oil price hit a one-month high Wednesday after a weekly report from the Energy Information Administration showed that U.S. crude oil supplies dropped 7.2 million barrels for the week ended May 16. The drop was bigger than analysts expected.

Preliminary results of a monthly HSBC survey showed that the contraction in China's manufacturing eased in May, but the improvement was not sufficient to boost energy prices.

In other energy future trading in New York.

— Wholesale gasoline fell 0.4 cent to $2.976 a gallon.

— Natural gas added 2.9 cents to $4.502 per 1,000 cubic feet.

— Heating oil dropped 0.4 cent to $2.948 a gallon.

 

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