Dallas Business Journal articles from June 1997

Dallas Business Journal archives from June 1997

Red Bird Mall sold. (shopping mall in Dallas, Texas)
June 6, 1997... L.A. group to renovate 22-year-old retail center RED BIRD - The red-headed stepchild of Metroplex shopping, Red Bird Mall, was sold this week to a California investment group that plans to spend millions on renovating and repositioning the...

Neil Sperry living his dream. (garden specialist)
June 6, 1997... McKINNEY - He has sold well over a half-million books. Each issue of his magazine reaches 20.000 subscribers. And his radio show consistently has won its time slot in the ratings for years. But don't call Neil Sperry a businessman. "I'm...

Vegas stadium project still not off the ground.
June 6, 1997... NORTH DALLAS - In most respects, 1996 was a very good year for Polyphase Corp. The diversified company, which dabbles in everything from forestry equipment to frozen food to electronics, saw its revenues climb 46%, to $149.5 million. It made...

Short line railroads will rebuild choo'ed-up tracks.
June 6, 1997... GARLAND - Two Metroplex short line railroads say they will boost their business, improve rail service and avoid abandonment of some local train tracks, thanks to a $1.3 million grant from the Texas Railroad Commission. The money also puts the...

It's back: realty firms market Mountain Creek again.
June 6, 1997... MOUNTAIN CREEK - PNL Cos. of Fort Worth has awarded exclusive listing agreements to CB Commercial Real Estate Group Inc. and Henry S. Miller Commercial to market land in the 2,300-acre master planned development of Mountain Creek in southwest...

Biotech company's progress is more than 'serendipity'. (Cytoclonal Pharmaceutics Inc)
June 6, 1997... After six years in research, firm gets a product to sell MEDICAL CENTER - Cytoclonal Pharmaceutics Inc. (NASDAQ: CYPH) is poised to take a great leap forward: It's about to become a company with a product. By year's end, the 6-year-old...

Is soccer here to stay? (1997 Major League Soccer season in Dallas, TX)
June 13, 1997... 1997 season brings readjustments for Major League Soccer in Dallas FAIR PARK - It doesn't sound like the Cotton Bowl at all. Instead of the screams and cheers of delirious football fans, the Dallas Burn brings the atonal blare of trumpets,...

Intellicall: getting 'smart' about products, service. (Intellicall Inc.)
June 13, 1997... CARROLLTON - When Bill Hunt took over Intellicall Inc. in December 1992. the telecommunications company was being sued by three shareholder groups. The CEO and top financial executives had been ousted. Customers were fed up with the faulty pay...

Read the fine print. (insurance policy loopholes)
June 13, 1997... Uncharted insurance loopholes can put self-employed and small business owners in unpleasant situations With insurance, as with so much else in life, the devil is in the details. If you own a house or an automobile, you may already have...

Enserch unit leaving N. Central; move fuels speculation the company is headed for Houston. (Enserch Exploration Inc.; N. Central Expressway)
June 27, 1997... NORTH DALLAS - Enserch Exploration Inc. is subleasing its space at 6688 N. Central Expressway, freeing up the largest contiguous block of office space along North Central in what sources say is a prelude to eventually relocating the company to...

300 dentists join new alliance. (Texas Alliance of Dentists)
June 27, 1997... GARLAND - Nearly 300 dentists have joined together to form a statewide group to provide treatment for patients covered by managed health care plans. The group, thought to be the first of its kind, is just one way dentists are reacting to the...

Aspen airline begins service to Santa Fe. (Aspen Mountain Air; Santa Fe, NM)
June 27, 1997... D/FW AIRPORT - Score one for the Metroplex and commuter airline Aspen Mountain Air of Aspen. Colo. The regional airline inaugurated nonstop commercial service between North Texas and Santa Fe, N.M., this week despite Santa Fe's efforts to keep...

Wafer worries: chip makers face timing dilemma.
June 27, 1997... RICHARDSON - Twinstar Semiconductor Inc. has big plans. Now, if only the rest of its industry would cooperate. Two years ago, the company purchased 37 acres of land and built a $500 million, 450,000-square-foot semiconductor wafer fabrication...

Harcourt Brace seeks proposals for $50 million facility in Irving. (Harcourt Brace and Co.)
June 27, 1997... IRVING - Harcourt Brace & Co. is seeking a site in the Irving area to build a $50 million textbook warehouse and distribution facility, according to documents obtained by the Dallas Business Journal. A company spokesman confirmed the Orlando,...

Metroplex growth leads to activity at DFW Freeport. (Dallas-Fort Worth Freeport)
June 27, 1997... IRVING - Woodbine Development Corp. recently sold two of its major sites in the Dallas-Fort Worth Freeport, a 550-acre international business park adjacent to Dallas/Fort Worth International Airport. Executives at Woodbine said about 260,000...

Excel to call bank 'FirstExcel.' (Excel Communications)
June 27, 1997... NORTH DALLAS - Excel Communications plans to open its proposed savings bank under the name "FirstExcel FSB," a company executive says. The company has no plans to market its financial services through its national network of independent...

Teamsters warn of discontent at UPS as contract talks near. (United Parcel Service)
June 27, 1997... D/FW INTERNATIONAL - The North Texas temperature is heating up, and so are tensions between the Teamsters union and United Parcel Service over a new labor contract. It promises to be a clash of the Titans, since $22 billion UPS is one of...

Lenders leap into the subprime mortgage market.
June 27, 1997... NORTH DALLAS - The borrowers have bad credit. The competition is creative, wealthy and fierce. So why are Metroplex companies entering the subprime-mortgage business? Because even though the national market generated $200 billion in loans last...

Galaxy eyes area options: Redbird, Love, Alliance. (Galaxy Aerospace Corp.; Redbird Airport, Dallas Love Field, Alliance Airport)
June 27, 1997... REDBIRD AIRPORT - Forced to look beyond Dallas Love Field for relocation, Galaxy Aerospace Corp. of Princeton, N.J., now is eying Redbird Airport as a site to manufacture its corporate aircraft. As speculation swirls about Galaxy's relocation,...

Priss finds profits in kids' rooms. (Priss Prints Inc.)(Growth Strategies)(Company Profile)
June 27, 1997... ADDISON - For more than 20 years, Priss Prints Inc. plodded along at a steady but unspectacular pace. Annual revenue in the early 1990s was stuck in the $6 million to $7 million range for the Addison-based global supplier of juvenile room...

Lee Roy Mitchell: Cinemark USA Inc. (Entrepreneur of the Year)
June 27, 1997... An international movie star who's never appeared on the silver screen DALLAS - Going to the movies today just isn't the same experience as it was a half-century ago - and Lee Roy Mitchell wouldn't have it any other way. Mitchell, founder...

Gregg Hoss: Hoss Equipment Co.(Entrepreneur of the Year)
June 27, 1997... Faith may move mountains, but it's wise to carry a shovel IRVING - When Gregg Hoss, president and founder of Hoss Equipment, wants to move a mountain he not only takes a grain of faith but also a fleet of 200 ton rebuilt earth movers. For...

David Rosenfield: Inca Metal Products.(Entrepreneur of the Year)
June 27, 1997... Rosenfield targets strengths to turn around company LEWISVILLE - Catchy terms like "continuous improvement," "Total Quality Management" and "employee empowerment" were the buzzwords of the business world a few years ago. But at...

Clete Brewer: StaffMark.(Entrepreneur of the Year)
June 27, 1997... Embracing change keeps perspective fresh for rapidly growing staffing firm FAYETTEVILLE, Ark. - Clete Brewer jokes that had Arkansas Business had a "30 Under 30" category of top Arkansas businesspeople in 1994 when he was named among its "40...

Robert Geresi and Paul Sorrentino: New York Bagel Enterprises.(Entrepreneur of the Year)
June 27, 1997... Transplants find recipe for success in bagel business STILLWATER, Okla. - Somehow two Italian-Americans from New York City took a predominantly Jewish bakery product, mixed it with Oklahoma cowboys and achieved a recipe for success in...

Ebby Halliday: Ebby Halliday Inc.(Entrepreneur of the Year)
June 27, 1997... After 50 years, Halliday has no plans to retire DALLAS - If you were in the market for Ebby Halliday's services 78 years ago, you would have spent 15 cents. You would have been the proud owner of a can of Cloverine salve, however, not a new...

Paula Marshall-Chapman: The Bama Co.(Entrepreneur of the Year)
June 27, 1997... Bama Pie's slice of success served up. by committed CEO TULSA, Okla. - Bama Pie Cos. celebrates its 60th birthday this year, but Paula Marshall-Chapman, its chief executive officer, knows that making it this far has not been a piece of cake for...

Tony Ford: Fort Worth Business Assistance Center.(Entrepreneur of the Year)
June 27, 1997... Assistance center keeps entrepreneurs on track FORT WORTH - A business leader knows his or her business. But often not how to take that business to the next level. That's where the Fort Worth Business Assistance Center steps in to help. The...

David Green: Hobby Lobby Stores.(Entrepreneur of the Year)
June 27, 1997... Arts and crafts empire built on shoestring budget OKLAHOMA CITY David Green created much of his own success with very little money and more than a little ingenuity. "It was 1970 when we started making miniature frames for popular miniature...

Ike Thomas: Thomas Bros. Grass Ltd. (Entrepreneur of the Year)
June 27, 1997... Thomas Bros. Grass Ltd. is bringing in the green GRANBURY - What began as a way to make use of a few acres of extra land, has since become a booming enterprise for the Thomas clan. Back in 1970, the family owned a lake property development...

Frank Carbone: Aerobotics Industries.(Entrepreneur of the Year)
June 27, 1997... Carbone seized opportunity in a shrinking industry EULESS - Most people wouldn't see opportunity in the aerospace industry. Congress has allocated fewer dollars for the defense budget, resulting in less money for defense contracts - and...

Entrepreneur of the Year Award finalists.(Entrepreneur of the Year)
June 27, 1997... Shawn De La Garza Medical Synergies Inc. DUNCANVILLE - For the first four years, Shawn De La Garza and his brothers kept Dallas-based Medical Synergies running on personal finances. The 5-year-old company now has grown 8% per month over the...