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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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Brent crude falls as Iraq output fears ease


The Associated Press

The price of global crude oil fell Wednesday, retreating from record highs after OPEC assured that Iraq's production remained normal despite violence while U.S. crude rose after a report said export controls would be loosened.

Benchmark U.S. crude for August delivery rose 28 cents to $106.28 per barrel on the New York Mercantile Exchange. The contract dropped 14 cents to settle at $106.03 on Tuesday. Brent crude, used to price international oils, dropped 65 cents to $113.80 a barrel in London.

U.S. benchmark crude futures rose after The Wall Street Journal reported that the U.S. government was loosening a longstanding ban by letting two companies sell American oil internationally. The newspaper said the Obama administration would allow foreign buyers to purchase a type of ultralight oil known as condensate, which can be turned into gasoline, jet fuel and diesel.

International crude fell further from a nine-month high reached earlier this week after the head of OPEC , the group of major oil exporters, said that Iraq's production was normal, with 95 percent of capacity in the south unaffected by the violence, which has been concentrated in the country's north.

In other energy futures trading on the Nymex:

— Wholesale gasoline fell 2 cents to $3.08 a gallon.

— Natural gas fell 0.8 cent to $4.53 per 1,000 cubic feet.

— Heating oil fell 1.1 cent to $3.04 a gallon.

 

 

 

 

 

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