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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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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?