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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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USGS: 7 small Oklahoma earthquakes could have fracking connection

GUTHRIE, Okla. (AP) — The U.S. Geological Survey has recorded seven small earthquakes shaking central Oklahoma in a span of about 14 hours.

The temblors are part of an increase in earthquakes across Oklahoma, Texas and Kansas that some scientists say could be connected to the oil and gas drilling method known as hydraulic fracturing, and especially the wells in which the industry disposes of its wastewater.

Sunday's quakes ranged from magnitude 2.6 to 2.9 and were centered in the Guthrie, Jones and Langston areas, 15 miles to 30 miles northeast of Oklahoma City. The USGS said the quakes were recorded between 7:57 p.m. Saturday and 9:51 a.m. Sunday. No injuries or damage were reported.

Those follow four other quakes, including a 4.3-magnitude temblor near Langston recorded shortly after noon Saturday. The other Saturday morning quakes ranged in magnitude from 2.9 to 3.2.

Seismologists know that hydraulic fracturing, or fracking — which involves blasting water, sand and chemicals deep into underground rock formations to free oil and gas — can cause microquakes that are rarely strong enough to register on monitoring equipment.

However, fracking also generates vast amounts of wastewater, which is pumped into injection wells thousands of feet underground. Scientists wonder whether they could trigger quakes by increasing underground pressures and lubricating faults. Another concern is whether injection well operators could be pumping either too much water into the ground or pumping it at exceedingly high pressures.

Hundreds of central Oklahoma residents met with regulators and research geologists last month in Edmond, and many urged regulators to ban or severely restrict the disposal wells.

Austin Holland, a research seismologist with the Oklahoma Geological Survey, said at the time that the state is experiencing unprecedented earthquake activity and his agency is closely monitoring it to determine whether the earthquakes are a natural phenomenon or are man-made.

Holland also said the same drilling methods have been used in the state for years but that frequent earthquakes did not become a problem until after 2009.

 

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