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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 near 9-month high as Iraq battles for refinery

HONG KONG (AP) — The price of oil was little changed with global crude a near nine-month high Friday, following days of fighting between Iraqi soldiers and Islamic militants for control of the country's biggest refinery.

Iraq's government was desperately trying to hold off the extremists at the Beiji oil refinery and by late Thursday the two sides held different parts of the refinery, which extends over several square kilometers of desert some 250 kilometers (155 miles) north of Baghdad.

The facility has a capacity of 320,000 barrels a day, according to Platts, accounting for a quarter of Iraq's refining capacity. While all its output is used domestically, a prolonged shutdown could force the energy producer to import oil products to keep up with the country's needs, cutting into global supplies.

The price of U.S. benchmark crude for August delivery rose 2 cents to $106.07 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, used to price international oils, slipped 12 cents to $114.94 a barrel in London, after setting a nine-month high the day before.

In other energy futures trading on the Nymex:

— Wholesale gasoline fell 0.6 cent to $3.09 a gallon.

— Natural gas rose 0.4 cent to $4.59 per 1,000 cubic feet.

— Heating oil fell 0.4 cent to $3.06 a gallon.

 

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