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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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Real Deals: Ridge Rock Plaza gets refinancing

 

Ridge Rock Plaza near Hulen Mall in Fort Worth remains on solid financial footing after CBRE’s Debt & Structured Finance group in Dallas arranged acquisition financing for the shopping center.
Working on behalf of Thackeray Partners, CBRE obtained an $11 million non-recourse, eight-year loan.
Ridge Rock, with 114,495 square feet along Overton Ridge Boulevard, is 100 percent occupied. Tenants include Bed Bath & Beyond, Michaels, Pier 1 Imports, Freebirds and Sleep Experts.
“Strong sponsorship, excellent tenancy, and outstanding trade area demographics are all reasons that Ridge Rock Plaza garnered a lot of interest from the lending community and we were able to secure attractive financing for the borrower,” said Matt Ballard in a news release.
Securing financing on behalf of the borrower were Scott Lewis, Matt Ballard and Patrick Benoist of CBRE’s Dallas Debt & Structured Finance group. Representing the seller were Chris Cozby, Chris Gerard and Kevin Holland of CBRE’s National Retail Investment Group.

KMM UNVEILS
DISTRIBUTION COMPLEX
Supply chain and logistics firm KMM Telecommunications has expanded its national distribution network with a 200,000-square-foot facility in Grapevine that is expected to bolster the company’s presence in the U.S. communications industry.
"The Dallas area is a terrifically dynamic region for the communications industry," said company CEO Katherine McConvey in a news release.
"Many of our customers and manufacturers have a strong presence there, and KMM is pleased to have a local facility to serve them," McConvey said.
The building features 200,000 square feet of Class A distribution space as well as 5,000 square feet of office space and 31 docks. It stands four miles north of Dallas/Fort Worth International Airport at 4051 N. State Highway 121.
The New Jersey-based company distributes communications equipment and does engineering and tower training services at this location.
Outside Texas, the company’s distribution footprint includes 34 facilities with 1.2 million square feet of warehouse space under roof. It has central distribution centers in California and New Jersey totaling 300,000 square feet.
"We took a hard look at our facility rationalization plan before deciding on the Dallas area," said John Campanelli, president of business operations. "We wanted to optimize transportation lanes to help control freight costs for our customers. We also wanted a large facility in the central U.S. to provide a certain amount of distribution redundancy to our coastal operations, which further enhances our disaster recovery program."
Established in 1991, KMM provides supply chain managed services to the U.S. communications market. More information on the privately held firm is available at www.kmmcorp.net


FIRST BAPTIST CHURCH
OF GRAND PRAIRIE SOLD
First Baptist Church of Grand Prairie has been sold to Uplift Education.
The property, at 122 Northeast Second St., was listed for $4.9 million but the final purchase price was not disclosed. The church has 114,753 square feet of building space.
Brokering the sale was Gene J. Livens, church consultant and associate broker with Service Realty Inc., which specializes in church and school properties.

LEASES
Nationwide Insurance Co. has leased 1,528 square feet of retail space in Shops at Stone Creek, 3084 N. Goliad St. in Rockwall, from Metroplex Acquisition Fund LP. Representing the tenant in the transaction was Casey Tounget of Coldwell Banker Commercial Alliance DFW, with Tim Thompson of Crestview Real Estate representing the landlord.
Attorneys Sergio Aleman and Mike Ramey have leased 1,500 square feet of office space in the Salazar Building, 851 South R.L. Thornton Freeway, Dallas, from John R. Salazar Properties Inc. Representing the tenant was Monika Guzman-Perez of Coldwell Banker Commercial Alliance DFW. Matt Miller of Jim Lake Inc. Realtors represented the landlord.


 

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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?