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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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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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REIT plans demolition of Fort Worth's Westchester Plaza, mixed-use redevelopment

The developer is seeking a $3.8 million reimbursement from the Southside tax increment finance district.

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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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Mallick Tower without power for at least two days
A. Lee Graham

Reporter

Mallick Tower remains in the dark as the Fort Worth office building struggles to regain power after an overnight power outage.

Triggering the late Sunday night outage was a broken water line outside the Summit Avenue structure, according to Dee Knight, property manager for the 10-story building on the western edge of downtown overlooking the Trinity River. The Fort Worth Business Press is among its 60 tenants.

Water flooded the electric equipment in the building’s basement, Knight said.

“We’re working round the clock to get power restored,” said Knight, who said power would be off for at least Monday and Tuesday.

As of noon Monday, building management was seeking a company to clean up the mess and fix the problem. The 60 tenants accustomed to working in the 90,000-square-foot building should be prepared to work elsewhere possibly for the rest of the week, as no repair timeline has been determined.

No other buildings in the area appeared affected, according to cursory observations of the area. 

Mallick Tower is no stranger to challenges. On March 28, 2000, it was among several buildings that took a direct hit when a tornado tore through the area.

The tower, managed by Holt Lunsford Commercial, is almost 100 percent leased, according to Gisela Stern Balsley, marketing manager for Holt Lunsford Commercail’s leasing department.

 

lgraham@bizpress.net

 

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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?