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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 price steady after US spending grows weakly


The Associated Press

The price of oil held steady on Friday as poor U.S. economic data raised the prospect of weak growth in energy demand while fears eased that fighting in Iraq would disrupt exports.

Benchmark U.S. crude for August delivery edged 4 cents lower to $105.80 on the New York Mercantile Exchange. The contract slipped 66 cents per barrel to settle at $105.84 on Thursday.

Brent crude, used to price international oils, dipped 1 cent to $113.20 a barrel in London.

U.S. consumer spending in May grew at half the rate that economists expected, in a sign that the rebound in the world's biggest economy — and resulting growth in energy demand — may not be as big as hoped for.

Oil prices were hovering after a sharp drop the day before that analysts said may be a sign investors are starting to expect that the violence in Iraq won't spread to the oil-producing south.

"Although the situation in Iraq remains volatile, last night's decline in oil prices may be an early sign that markets are beginning to position for the likelihood that insurgents will be contained from any further incursions to the south, allowing oil exports to be maintained," said CMC Markets chief analyst Ric Spooner in Sydney.

In other energy futures trading on the Nymex:

— Wholesale gasoline barely budged $3.06 a gallon.

— Natural gas rose 0.9 cent to $4.45 per 1,000 cubic feet.

— Heating oil was little changed at $3.02 a gallon.

 

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