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Dallas Fed's Fisher, Philadelphia Fed leaders to retire in 2015

WASHINGTON — The outspoken president of the Federal Reserve Bank of Philadelphia will step down in March, shortly before the central bank is expected to raise interest rates for the first time since the recession, the regional bank said Monday.

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RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

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Fort Worth couple gets in 'Shark Tank,' comes out with deal

A Fort Worth couple who started a business when they couldn’t sleep, were the first entrepreneurs to get a deal on ABC’s Shark Tank in the season premiere on Sept. 26.

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Internal audit says EPA mismanaged Fort Worth project

FORT WORTH, Texas (AP) — An internal audit by the U.S. Environmental Protection Agency reveals the agency mismanaged an experiment using new ways to demolish asbestos-ridden buildings.

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Weatherford's Wild Mushroom to open in Fort Worth's Ridglea Village

Weatherford restaurant staple The Wild Mushroom Steak House & Lounge will be coming to Fort Worth in November, moving into the former site of Ray’s Steakhouse at to 3206 Winthrop Ave. in the Ridglea Village Shopping Center.

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Allen office building acquired for $15.15 M

 

Gladstone Commercial Corp. announced July 15 it purchased a two-story, 115,200 square foot, two-tenant office building located in Allen for $15.15 million. Acquisition financing was provided by Synovus Bank simultaneously with the acquisition.


"This acquisition highlights our strategic decision to expand our acquisition focus beyond single tenant properties to multi-tenant properties with a strong anchor tenant," said Buzz Cooper, senior managing director of the company.


Gladstone Commercial is a real estate investment trust (REIT) based in McLean, Va. that invests in and owns net leased industrial, commercial and retail real property and selectively makes long-term industrial and commercial mortgage loans. The company currently owns 85 properties.

ric Mackey, Gary Carr, John Alvarado and Robert Hill of CBRE arranged the transaction.

“Investors were attracted to this asset due to its exceptional location within the Allen-McKinney office submarket, along the frontage road of US-75 at Bethany Drive. Allen’s supply-constrained office market features direct asking rents that have increased for the past six consecutive quarters,” said Eric Mackey, senior vice president of CBRE. “Allen Office Center is also home to two quality, credit-worthy, publicly traded companies – Frontier Communications Corporation, Allen’s fifth largest employer; and Micron Technology.”

Built in 1998, this two-story, high-tech office building features a spacious lobby, high-quality finishes and 10-foot ceiling heights. Additionally, the building’s 57,600 square foot floorplates and high parking ratio provide higher building efficiencies and lower fixed costs.
 


www.gladstonecompanies.com
 

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Arena
What do you think of the new plans for a new Will Rogers arena and changes at the Convention Center?