News Archive
Japanese Homebuilder Builds U.S. Momentum With Acquisition Of Houston Company
June 13, 2022 - A U.S. subsidiary of Japanese homebuilder Sekisui House has purchased Houston-based homebuilder Chesmar Group for $514M, bringing the company a step closer to its goal of building 10,000 homes annually outside Japan by 2025.Sekisui House US Holdings purchased Chesmar, which develops single-family houses throughout Texas, along...
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Battleship Texas restoration progress takes big step as dry dock arrives in Galveston
June 5, 2022 - Progress is being made in the restoration of the 110-year-old Battleship Texas as the dry dock that will be used to help fix it up is now in place in Galveston.The dry dock traveled all the way from the Bahamas and arrived in Galveston over the weekend.It will...
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Baytown Industrial Boom Continues With 500K SF Of Leases Signed
June 5, 2022 - Three new tenants signed for space at the rapidly growing Cedar Port Industrial Park in Baytown.The three warehouse leases totaling 517K SF will go into Building B and Building C at Baytown Intermodal Center, a 1.2M SF complex owned by Reich Brothers, which acquired the...
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Real estate transactions: Archway Properties plans huge industrial project in Baytown
May 25, 2022 - Archway Properties purchased 234 acres near the southeast corner of Interstate 10 East and Sjolander Road in Baytown for the development of Baytown 10 Commerce Center, a 3 million-square-foot project planned for four buildings ranging from 500,000 square feet to 1.2 million square feet. Archway plans to break ground on phase 1, a 503,775-square-foot speculative building...
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Grand Parkway to get a lot grander, with new 53 miles in rural areas
May 17, 2022 - At the stroke of midnight, the Houston area’s 40-year efforts for an outer belt will shoot past the 100-mile mark, when northeast segments of the Grand Parkway open — and offer faster trips for rural areas that, officials said, won’t be for long,Two stretches of...
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ClearSky Health announces plans to open rehab hospital in Baytown
May 9, 2022 - ClearSky Health has selected Baytown as the site of a new 30-bed medical rehabilitation hospital at Blue Heron Parkway and North Main Street.ClearSky Health is a rehabilitative healthcare provider that owns and operates inpatient rehabilitation hospitals in Texas, Louisiana and New Mexico, with plans to open new facilities in...
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Governor Abbott Proclaims 2022 Economic Development Week In Texas
May 8, 2022 - Governor Greg Abbott today recognized the critical role local, regional, and statewide economic development teams play in job creation, business expansion, and business retention in communities throughout Texas as he issued a proclamation officially designating May 9–13 as 2022 Economic Development Week in Texas.“The Texas economy is...
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Bain Capital JV Targets $500M In Cold Storage Development
May 2, 2022 - Bain Capital has formed a joint venture with Barber Partners, a Dallas-based commercial real estate developer, to develop as many as 15 cold storage warehouses valued at $500M.The partners said the new facilities, which will carry the Chill Storage brand, a division of BP Industrial, will capitalize on increased...
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‘Full’ pipelines boosted Enterprise revenues in Q1
May 1, 2022 - Enterprise Products Partners said Monday that its revenues are rising with increased volumes of oil, gas and chemicals flowing through its pipelines. Revenue at the Houston pipeline company rose by 42 percent to $13 billion from $9 billion a year ago, though the company made just slightly less year over...
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Retail center coming: 146-acre development planned at I-10 & 146
April 29, 2022 - Site work is underway for a new retail development at the intersection of Interstate 10 and state Highway 146, across from Chambers Town Center.Construction of buildings is expected to start in the first quarter of 2023.Most of the 146-acre site is zoned commercial, though part is zoned for multi-family housing, said...
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