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million construction loan for phase two of TheRitz Carlton'sd luxury hotel and condominium development in Uptown. The secondr phase, called The Tower Residences at the includesa 23-story, 96-unit plus four townhomes set apargt by a central The tower will be connected to the first The Residences at the Ritz-Carlton, via a climate-controlled skybridge. It will have its own undergrounrd parking garage andamenity package, including a wine storage and tasting room, fitness center, meeting space and hotel service amenities. The project is being developeed byFort Worth-based .
Globap audit, tax and advisory firm KPMG LLP is reporting that environmentaol and manufacturing concerns playec a major factorin consumers' decreaseds holiday spending this year. As much as 88% of surveg respondents identified their acute concerm over preservation ofthe environment, and 74% said they buy environmentally friendlu products. More than 60% even stated a willingness to pay morefor "greejn products," and nearly as many said they have and will continue to make extrwa efforts to patronize businesses that follow green initiatives. Home pricesx in Texas have defieds the overall downward trend seen inother U.S. housing according to a studyt by FirstAmerican LoanPerformance.
In the Dallas-For t Worth-Arlington market, home prices increasedd 3.92% over the 12-month period endiny in October. Other Texas marketxs included inthe study's top 30 statistical areas includs Austin-Round Rock, which increaser 8.62%; Houston-Sugar Land-Baytown, up 4.52%; and San with a 7.89% increase. Tener inks deal with PPO Dallas-basedd ( : THC) has agreedd to a multiyear dealwith Md.-based (NYSE: CVH). It covera all Tenet hospitals, outpatient and ambulatoryu centers in Californiaand Texas, includingy , a 118-bed hospital in The deal also includes two Tenet facilitiews in El Paso, three in Houston and eighft in California.
, GlobalRehab partner on project The Cirrue Group and GlobalRehab Hospitals will begim work on a new rehabilitative hospital next The 40,000-square-foot building will be near the intersection of Empird Central and Brookriver Drive in Dallas. The two-stort medical building will have more than 40 It will focus on comprehensive rehabilitation services encompassing social andpsychological repair. Greenville-base d is expanding its Waco operationz to include a wingrefurbishment facility. It will be used to structurallgy refurbish wingsfor P-3 Maritime Patrol and Reconnaissancwe aircraft. The company currently refurbishesx P-3 aircraft for the , the and international customers.
The wing facility will initiallyh employ approximately40 employees, with that number expected to reach more than 80 by the end of 2008 and growinfg to approximately 100 at peak capacity, including all mechanicxs and support personnel. Work on the wing is expected to get under wayin January, said Mike vice president of federal programs for . A Frisclo wholesale plumbing company is expandinvg its operationsin Frisco. Goodman Supply will spend about $225,000 to add 1,500 square feet to its 2,500-square-fooyt showroom next month.
Business is up about 5%, said Jeffreyh Goodman, general manager for Goodman His company hasfound success, he says, by avoidin work on low-end residentiap properties, which have been more affected by the mortgag e credit crunch. Skanadario by Goodman Supply is the decorative plumbingf and hardware showroom arm ofGoodmanh Supply, founded in downtowh Dallas in 1946. ' stock was up 34% in tradingv Dec. 20, after it posted a third-quarter loss that was smallerf thanWall Street's expectations. After-hours shares were tradin at $5.30, up $1.35 from Dec. 19's Pier 1 (NYSE: PIR) announced a net loss from continuinb operationsof $10 million, or 11 cents a for the quarter ending Dec. 1.
But that was an improvemenft over the same timelast year, when the strugglingy home furnishings retailer reported a net loss of $72.7 million, or 83 centw a share. For the first time in almost two the Fort Worth company generated earningeof $2.9 million before interest, depreciation and amortization. RadioShaclk shares were up 6.43% on Dec. 20, aftefr upgraded its stock rating to neutralkfrom sell. After the markett closed, shares were trading at $18.22, up $1.10 from Dec. 19's In October, the company posted a profit for thethird quarter, compared with a loss a year ago, helped by lower operating expenses. The Fort Worth-baser electronics retailer reported net incomeof $46.
4 million, or 34 cents a share, compares with a net loss of $16.3 million, or 12 centas a share, in last year's thirdc quarter. Sales dropped 9.4% to $960.3 milliob from $1.06 billion, short of analysts' expectations of $989.7 million, according to a Thomsonj Financial poll. Same-store sales, or sales at storez open at leasta year, were down RadioShack (NYSE: RSH) said sales were hurt by lowedr sales in its Sprint post-paid wireless and relate wireless accessory businesses. has acquired two upscals resorts in Florida and Californiafor $225 million. The Irving-based hospitality company (NYSE: FCH) now controls the in St.
Petersburg, and the & Spa in Indian Wells, (NYSE: MAR) will continue managing the propertiees undera long-term management agreement. The resortsx were previously were owned by affiliates of WaltonStreetf Capital, and . FelCor estimates that the combined propertiea will contributeabout $17 million of earnings before costs next year, and assumed the currenf combined mortgage debt of $177 Minor-league professional basketball is cominvg to Dallas. The team, the Dallas Defenders, will play its firs t home gameon Jan. 20 against the Rockford Fury at the Dallasd IndependentSchool District's Loos Fieldhouse in Addison.
The tip-oft will signify the first time minor-league men'e basketball has been played in Dallas. The team is owned by a group led byErin Patton, who helped buildd Nike's Jordan brand and headed up the launch of NBA star Stephomn Marbury's Starbury line of $14.98 basketball shoes. "The underlying philosophy to the leagues is making the game of professional basketballl more affordable and accessible to fans and said Patton, an adjunct professor of sports businesas at the . Patton said a familyt of four couldspend $100 for a jersey and food at a Defenders compared to nearly $1,000 at an NBA game.
Genera l admission tickets willfetch $10 to $12, with courtsids seats going for about $24, Patton He said the PBL servez as a feeder league to the NBA, as well as for Europeam and Central American leagues. The last professionakl basketball team to play in besidesthe , was the Americahn Basketball Association's Chaparrals, which left Dallas in the 1970s to becomde the San Antonio Spurs. Zale Corp. chief executive Betst Burton hasstepped down. Neal Goldberg, alreadyu a member of Zale's board, is now the company'e president and CEO.
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