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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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ExxonMobil to develop Gulf oil field

 

A. Lee Graham
Reporter

Exxon Mobil Corp. of Irving has announced plans to develop the Julia oil field in the Gulf of Mexico.
Production is expected to begin in 2016, with capital costs for the project estimated at more than $4 billion. Discovered in 2007, the field is estimated to harbor almost six billion barrels of resource.
“The development of Julia will provide a new source of domestic energy and well-paying jobs over the next several years,” said Neil W. Duffin, president of ExxonMobil Development Co., commenting in a news release.
“Access to resources such as Julia will contribute to U.S. energy security for many years to come,” Duffin said.
The first phase is expected to handle 34,000 barrels of oil a day and includes six wells with subsea tie-backs to the Jack & St. Malo production facility operated by Chevron USA Inc.
“Julia is one of the first large oil discoveries in the ultra-deepwater frontier of the Gulf of Mexico,” Duffin said of a resource located more than 30,000 feet below the ocean’s surface.
ExxonMobil, the operator, and Statoil Gulf of Mexico LLC each hold a 50-percent interest in the Julia unit. The past decade has seen ExxonMobil drill 36 deepwater wells in the Gulf of Mexico in water ranging from 4,000 feet to 8,700 feet.
Exxon Mobil Corp., the largest publicly traded international oil and gas company, refines and markets petroleum products. More information is available at www.exxonmobil.com
 

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