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Finance

Oil and gas facility with natural landscape

ConocoPhillips Plans to Double Free Cash Flow by 2029

News Summary ConocoPhillips, the leading energy company, has announced plans to double its free cash flow by 2029 through strategic acquisitions, expansion into LNG, and oil project developments. A key...

A skyline image of Houston representing financial topics and challenges.

Houston’s Financial Challenges and Proposed Solutions

News Summary Houston is facing substantial financial issues highlighted in a City Controller’s report, revealing vulnerabilities compared to other major Texas cities. The report suggests potential funding solutions to close...

Aerial view of Houston showing residential neighborhoods and skyline

Houston Metro Area Sees Decline in Home and Rental Costs

News Summary The Houston metro area is experiencing a decrease in home buying and rental costs, enhancing affordability for residents. Recent data reveals that 39% of households can now afford...

Modern multifamily apartment buildings in Houston

New Joint Venture Targets Multifamily Investments in Houston

News Summary Sixth Street Real Estate and Madera Residential have partnered to focus on multifamily investments across Texas and the Southeastern U.S. Their first project is the recapitalization of a...

Closed Tricolor Auto Group dealership with a sign

Tricolor Auto Group Files for Chapter 7 Bankruptcy

News Summary Tricolor Auto Group has filed for Chapter 7 bankruptcy in Texas, revealing liabilities over $1 billion. The dealership, which specializes in auto loans to the Hispanic community, listed...

View of Houston housing market with diverse housing types

Houston Faces Severe Housing Affordability Crisis

News Summary Houston is experiencing a significant housing affordability crisis, with affordability dropping to 39%. The median home price has surged by 40% since 2019, creating an affordability gap of...

Investors in a conference room discussing concerns about real estate fraud.

Houston Real Estate Operator Faces Federal Investigation Over Fraud Claims

News Summary Pratik Gandhi, a Houston real estate operator, is under federal investigation for allegations of fraud totaling $47 million. He filed for Chapter 7 bankruptcy in June 2023, claiming...

Business district in Houston, Texas

Houston Region Experiences Job Losses in July

News Summary The Houston region has reported a significant loss of 30,500 jobs in July, primarily driven by the education sector’s seasonal layoffs. This decline aligns with historical trends as...

Houston skyline at sunset highlighting energy infrastructure

Houston Electricity Demand Expected to Surge

News Summary Electricity demand in Texas, particularly Houston, is anticipated to double by 2035, driven by population growth, industrial expansion, and energy needs from oil fields. CenterPoint Energy forecasts a...

Construction

244,946 square foot industrial warehouse complex in Spring, Texas

Major Sale in Spring’s Industrial Real Estate Market

News Summary Spring, Texas witnesses a significant industrial real estate transaction with the sale of a 244,946-square-foot warehouse complex. Sold to a national investment group, the site is set for...

Architectural office environment with team collaboration

Brandon Seeberger Appointed Director of Business at SEEBERGER Architecture

News Summary SEEBERGER Architecture has appointed Brandon Seeberger as its new Director of Business. With a strong background in project delivery, Seeberger aims to enhance the firm’s growth, mentor teams,...

Aerial view of industrial facilities in Houston showcasing logistics centers

Significant Industrial Property Sale in Houston

News Summary Houston’s industrial real estate market witnesses a major transaction with the sale of a 58-acre property near Grand Parkway and Mueschke Road. Brokered by Colliers, this strategic location...

Construction site of Eli Lilly's biomanufacturing plant in Houston

Eli Lilly to Build $6.5 Billion Biomanufacturing Plant in Houston

News Summary Eli Lilly has announced a significant investment in a $6.5 billion biomanufacturing plant in northeast Houston, promising to create approximately 4,000 construction jobs and 615 permanent positions. This...

Rendering of Eli Lilly's new manufacturing facility in Houston

Eli Lilly to Build $6.5 Billion Manufacturing Facility in Houston

News Summary Eli Lilly has revealed plans to establish a $6.5 billion pharmaceutical manufacturing facility in Generation Park, Houston, creating 615 permanent jobs and 4,000 construction jobs. The plant will...

Under construction Eli Lilly biomanufacturing facility in Houston, Texas

Eli Lilly to Invest $6.5 Billion in Houston Biomanufacturing Facility

News Summary Eli Lilly has announced a significant investment of $6.5 billion in a new biomanufacturing facility in Houston, Texas. This site will produce active pharmaceutical ingredients for various therapeutic...

Mockup of the new Target store in Garden Oaks, Houston

Target to Open New Store in Garden Oaks, Houston

News Summary Target has announced plans to construct a new store in the Garden Oaks neighborhood of Houston, set to open its doors by March 2027. The development, which spans...

Houston American Energy Corp. Plastics Recycling Facility

Houston American Energy Corp. Partners with Corvus Construction

News Summary Houston American Energy Corp. has teamed up with Corvus Construction to establish a Plastics Recycling Facility and the Abundia Innovation Center in Baytown, Texas. This initiative aims to...

Aerial view of construction sites featuring warehouses in Texas

Industrial Construction Surges in Texas

News Summary Texas has recorded a significant increase in industrial construction, totaling 47.8 million square feet under development, with Houston leading at 17.8 million square feet. The growth reflects a...

Marketing

Workspace showcasing website design tools and digital assets

Results Digital Launches Subscription-Based Website Design Services

News Summary Results Digital has expanded its offerings by introducing subscription-based website design services for businesses in the Greater Houston area. This approach allows local business owners to access professionally...

Real Estate & Properties

244,946 square foot industrial warehouse complex in Spring, Texas

Major Sale in Spring’s Industrial Real Estate Market

News Summary Spring, Texas witnesses a significant industrial real estate transaction with the sale of a 244,946-square-foot warehouse complex. Sold to a national investment group, the site is set for...

Aerial view of Houston showing residential neighborhoods and skyline

Houston Metro Area Sees Decline in Home and Rental Costs

News Summary The Houston metro area is experiencing a decrease in home buying and rental costs, enhancing affordability for residents. Recent data reveals that 39% of households can now afford...

Aerial view of the Arlo Buffalo Heights apartments in Houston, Texas

Knightvest Capital Acquires Arlo Buffalo Heights Apartments

News Summary Knightvest Capital has acquired the Arlo Buffalo Heights apartments in Houston, Texas, marking its tenth transaction in Fund II. The 318-unit complex, built in 2014, will be renovated...

Architectural office environment with team collaboration

Brandon Seeberger Appointed Director of Business at SEEBERGER Architecture

News Summary SEEBERGER Architecture has appointed Brandon Seeberger as its new Director of Business. With a strong background in project delivery, Seeberger aims to enhance the firm’s growth, mentor teams,...

Aerial view of industrial facilities in Houston showcasing logistics centers

Significant Industrial Property Sale in Houston

News Summary Houston’s industrial real estate market witnesses a major transaction with the sale of a 58-acre property near Grand Parkway and Mueschke Road. Brokered by Colliers, this strategic location...

Whitmore Apartments exterior view in Houston

Knightvest Capital Acquires Arlo Buffalo Heights Apartments

News Summary Knightvest Capital has acquired the Arlo Buffalo Heights, now rebranded as Whitmore, marking its tenth investment in Fund II. The multifamily property, with 318 units, is set for...

Conceptual illustration of Latitude Margaritaville residential community

Texas City Officials Declare Latitude Margaritaville Project Dead

News Summary Texas City officials have announced that the proposed Latitude Margaritaville project by Minto Communities USA is officially dead after stalled negotiations. Key issues included branding complications, residential and...

Modern multifamily apartment buildings in Houston

New Joint Venture Targets Multifamily Investments in Houston

News Summary Sixth Street Real Estate and Madera Residential have partnered to focus on multifamily investments across Texas and the Southeastern U.S. Their first project is the recapitalization of a...

Mockup of the new Target store in Garden Oaks, Houston

Target to Open New Store in Garden Oaks, Houston

News Summary Target has announced plans to construct a new store in the Garden Oaks neighborhood of Houston, set to open its doors by March 2027. The development, which spans...

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