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Ex Rangers manager Washington apologizes for 'breaking wife's trust'

IRVING, Texas (AP) — Former Texas Rangers manager Ron Washington says he is embarrassed for 'breaking his wife's trust.'

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Troubled RadioShack files SEC form, talks with 'major vendor'

RadioShack Corp.’s latest filing with the U.S. Securities and Exchange Commission describes recent discussions that “could be beneficial to the financial restructuring of the company.”

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Road Show: City leaders prepare campaign to corral votes for $450 million arena

Fort Worth’s biggest backers of a new arena at the Will Rogers Memorial Center are leaving little to the chance of a “no” vote in a citywide election Nov. 4 to decide on new fees that would fund 15 percent of the $450 million project.

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Texas Health Southwest breaks ground on $40M expansion

A $40 million expansion of Texas Health Harris Methodist Hospital Southwest Fort Worth is under way, with groundbreaking ceremonies held this week.

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Overland Sheepskin opening Sundance Square store in Fort Worth

The store is expected to open by the holidays, Sundance said.

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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?