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ChannelTwoNews

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  1. ChannelTwoNews
    McCarthy Building Cos. to leave Greenway Plaza for Galleria area - Houston Business Journal (bizjournals.com) "St. Louis-based McCarthy Building Cos. is preparing to leave its current office at 3800 Buffalo Speedway after signing a lease for 38,230 square feet of office space at 2200 Post Oak near The Galleria mall. McCarthy, which is building local projects such as the Ismaili Center in the United States, has officed at 3800 Buffalo Speedway since 2016."
  2. ChannelTwoNews
    Rice University lands historic grant for education research - Houston Business Journal (bizjournals.com) "Rice University landed its largest-ever federal grant for education research this week, according to its president. The National Science Foundation awarded approximately $90 million to OpenStax, a Rice-founded publisher of educational resources. The money will be invested in SafeInsights, a national cyberinfrastructure hub developed by OpenStax that aims to study learning outcomes and STEM education."
  3. ChannelTwoNews
    BELTWAY 35 BUSINESS PARK - Home May be 6 buildings when all phases complete. Currently 46% leased. Greystar signs Wallenius Wilhemsen for Houston warehouse - Houston Business Journal (bizjournals.com) "Greystar Real Estate Partners has completed the first phase of — and secured a full-building lease for — its second industrial business park in Greater Houston. Norwegian shipping company Wallenius Wilhemsen has signed a 273,480-square-foot lease at Beltway 35 Business Park at 7561 S. Sam Houston Parkway E. just north of Pearland, according to Greystar and CBRE."
  4. ChannelTwoNews
    Out at IAH, retaining existing service at HOU. Southwest Airlines to end operations at Houston's IAH airport - Houston Business Journal (bizjournals.com) "Dallas-based Southwest Airlines Co. (NYSE: LUV) will no longer service Houston's George Bush Intercontinental Airport (IAH) and three other airports as of Aug. 4."
  5. ChannelTwoNews
    Choctaw Stadium will undergo multimillion-dollar renovation – NBC 5 Dallas-Fort Worth (nbcdfw.com) "The city of Arlington and the Texas Rangers are partnering on a multimillion-dollar renovation of the outside of Choctaw Stadium. The Arlington city council approved the project in a vote on Tuesday night, with the plan set to build a range of new shops and restaurants into the exterior of the ballpark."
  6. ChannelTwoNews
    Some Missouri City residents against rezoning for proposed Palace Event Center | Community Impact "According to agenda documents, the development would feature: A 96,000-square-foot, six-story hotel, consisting of approximately 80 rooms A 22,750-square-foot event center with breakout space Six residential cottage units to be used as an accessory to the event facility An outdoor event space Parking and landscaping elements Should the development be approved, construction is expected to begin on Phase 1 in 2025 for the event center and four cottage units, while Phase 2 will begin in 2027 with the hotel’s construction, according to agenda documents." Interestingly enough, the information that the city had updated on this project appeared the same day as the above article (4/19). It shows there have been some adjustments to the plan. The new site plan reflects the comments from residents. Those changes now include... -Reduction in size of the hotel from 6 to 4 floors, and combining it with the event center rather than as standalone structures -Reducing the number of "cottage" units from 6 to 3. -Increasing the size of the sound barrier walls -Moving the properties closer to Knight Road and further from the natural preserve section. -Retaining all trees in the natural preserve area -Adding a swale to form a barrier between the nearby residential and aid in stormwater drainage Zoning | Missouri City, TX - Official Website (missouricitytx.gov) Initial notice issued to neighbors in February: missouricitytx.gov/DocumentCenter/View/16562/Palace-Event-Center-Packet Site plan with updated comments from meeting mentioned in article, posted by city on 4/19: https://www.missouricitytx.gov/DocumentCenter/View/16620 City response to comments: City-Responses-to-Zoning-Amendment-Concerns (missouricitytx.gov)
  7. ChannelTwoNews
    Texas Division of Emergency Management HQ, operations center planned in SE Austin - Austin Business Journal (bizjournals.com)
  8. ChannelTwoNews
    Expedia layoffs in Austin again - Austin Business Journal (bizjournals.com) "In a letter to the Texas Workforce Commission on April 22, Cathy Rankin, Expedia's human resources director, said the layoffs at its 11920 Alterra Parkway office will start on June 21. That's within one of the larger towers on the north end of The Domain in North Austin. The company did not state a reason for the layoffs in its filing, but a spokesperson said in a statement to the Austin Business Journal that the job cuts are part of about 1,500 cuts globally that it announced on Feb. 22. Expedia previously has said it laid off 64 people at its Austin office in The Domain as part of that move. Combined, that means the company's 2024 layoffs in Austin are impacting 148 people."
  9. ChannelTwoNews
    I was wondering what's going on with your images! I can't see them here or on SSP anymore. Maybe it's just me?
  10. ChannelTwoNews
    It's getting worse for the developer of the proposed Nashville & Austin Ritz projects... Nashville Ritz-Carlton developer loses lawsuit, ordered to pay millions - Nashville Business Journal (bizjournals.com) "Oakworth is requesting Morris pay roughly $11.46 million “plus attorneys’ fees and expenses equal to $64,255.27, court costs and post-judgment interest,” according to court documents."
  11. ChannelTwoNews
    This. I seriously read it in the voice my brain assigns to their posts, with the exact same level of inflection and intensity. Made it extra entertaining.
  12. ChannelTwoNews
    San Antonio-based DeLorean Motors ReImagined has shuttered its headquarters | San Antonio | San Antonio Current (sacurrent.com) "San Antonio-based DeLorean Motors Reimagined — the startup that made headline-grabbing promises to bring back the '80s sports car featured in the Back to the Future film franchise as an electric vehicle — has shuttered its headquarters operation. The signage at DeLorean's building at Port San Antonio had been taken down as of a Monday morning visit, and the company's offices appeared abandoned. What's more, both phone numbers listed on DeLorean's website have been disconnected."
  13. ChannelTwoNews
    Oracle founder reveals Nashville campus plans: 'Center of our future' (tennessean.com) ""We found this beautiful campus right on the river. It’s not going to look anything like a corporate campus. What we’re building is a park. A park first that has buildings in it. Those buildings are not only office buildings and include a community clinic with the very latest versions of our software," he said. "There will be a concert venue, a lake with a floating stage where we can have concerts for the community. We want to be part of the community. Our people love it here and we think it’s the center of our future.""
  14. ChannelTwoNews
    Q&A: Janis Burke, Harris County-Houston Sports Authority CEO, talks World Cup, NHL, Houston impact | Community Impact "Is there any update from Major League Baseball on the city's bid for the World Baseball Classic in 2026? We haven’t, but I feel good about it, because I always feel good about every bid. I think we will probably hear back before the end of [April]. That’s what we’ve been told. I heard in Miami, the city hit over 425,000 attendees to the World Baseball Classic. Can you imagine that in the spring, and then the World Cup in the summer? It’ll be our international year for sure."
  15. ChannelTwoNews
    Bojangles will be coming to this development as well... Bojangles to open along Grand Parkway in Tomball | Community Impact "Opening at the end of 2024 13205 N. Grand Parkway W., Tomball"
  16. ChannelTwoNews
    New 'Destination Porsche' dealership opens in Sugar Land (houstonchronicle.com) "In another measure of Fort Bend County's economic success, the Houston area's newest Porsche dealership last week held its grand opening in Sugar Land, drawing several hundred guests who socialized amid sleek cars and snacked on oysters. While there are several other Porsche dealerships in the Houston area, the Sugar Land showroom is the first in Texas designed in accordance with the "Destination Porsche" concept the automaker announced in 2019. The idea is that the dealership should serve as a gathering place, as well as a showroom. Visitors to the Sugar Land location will find a barista on site, as well as a social space with ample seating, the Porscheplatz."
  17. ChannelTwoNews
    Kelsey-Seybold expands Fort Bend campus - Houston Business Journal (bizjournals.com) "The system announced the completion of its Fort Bend campus expansion this week. The project added a cancer center and shelled space for a future ambulatory surgery center, as part of renovations to the existing building and the construction of a new 135,000-square-foot building. The ambulatory surgery center is set to open in 2025, while the cancer center is already operational."
  18. ChannelTwoNews
    Kinder Morgan, TGS Cedar Port plan carbon storage project - Houston Business Journal (bizjournals.com) "During its first-quarter 2024 earnings call April 17, the Houston-based midstream giant announced it had executed a pore space lease agreement with TGS Cedar Port Partners LP, which owns TGS Cedar Port Industrial Park, the largest master-planned, rail- and barge-served industrial park in the U.S. The pore space spans 10,800 acres near the Houston Ship Channel and can store more than 300 million tonnes of carbon dioxide. Kinder Morgan said this will give the company a geographically and geologically advantaged platform to develop carbon sequestration solutions for nearby emissions."
  19. ChannelTwoNews
    Tannos, Wolfgramm break ground on Friendswood City Center - Houston Business Journal (bizjournals.com) "Local joint venture Madison Development Corp., made up of Tannos Development Group and Wolfgramm Capital, officially broke ground on Friendswood City Center on April 18."
  20. ChannelTwoNews
    Samsung's Texas investment to transform Taylor into chipmaking hub - Austin Business Journal (bizjournals.com) "The impact of the Samsung factory in Taylor, about 40 miles northeast of Austin, is well-documented: thousands of jobs, billions of dollars of capital investment and transformation of the small city of 17,000 people that once was the economic engine of Williamson County north of Austin. Taylor is primed to regain that title. The rewards got even bigger this week, when the federal government committed to provide $6.4 billion in grants to Samsung, widening the company's investment to $45 billion in Central Texas and making it one of the largest economic development projects in U.S. history. The result will be the establishment of one of the most advanced and complete semiconductor facilities in the world, with multiple fabrication lines, a research-and-development facility, a packaging facility and more."
  21. ChannelTwoNews
    Austin real estate news: What's up with downtown? - Austin Business Journal (bizjournals.com) "Consider this statistic from real estate firm Aquila Commercial LLC: There are 10 already-built towers downtown with at least 100,000 square feet of direct vacant office space — and three of the biggest and newest office blocks are completely empty despite being ready for tenants for many months. On top of that, some huge new office towers are in the works and will be courting prospective tenants soon, and there's no shortage of less expensive office space outside of downtown."
  22. ChannelTwoNews
    Austin real estate news: What's up with downtown? - Austin Business Journal (bizjournals.com) "The Trammell Crow-developed tower has almost 800,000 square feet of office space sitting dark on Google's dime. According to commercial real estate firm Avison Young, rental rates in Austin's Central Business District at year-end 2019 averaged $67.39 per square foot for trophy properties. Assuming Google signed a lease at that rate, the company could be on the hook for about $145,000 per day or $53.2 million per year. It's apparently a cost that can be stomached by a company that reported $74 billion in net income last year."
  23. ChannelTwoNews
    Home Run Dugout adding another batting bay building - Houston Business Journal (bizjournals.com) "Since opening, business has been so good that founders Nick Hermandorfer and Tyler Bambrick are adding another 10 indoor “batting bays” in a new 9,242-square-foot building on the north side of the property. Construction on the $3 million expansion started in early April with a goal to open this summer, Home Run Dugout said."
  24. ChannelTwoNews
    Needville zip code & Needville ISD schools, but between the Needville, Pleak & Fairchilds ETJs. Lennar, Rausch Coleman Homes to develop Esperanza community - Houston Business Journal (bizjournals.com) "Rausch Coleman has started developing the first of about 440 homesites, and Hall expects Lennar to get started on its 1,260 lots in the next two to three months. “Including Rausch and Lennar, there will probably be close to 500 lots developed within this calendar year,” Hall said. “And then that would occur probably … every other year over the next three to five years, depending on the market (and) the velocity of the sales.”"
  25. ChannelTwoNews
    U.S. Navy spending up to $148M to expand Corpus Christi base - San Antonio Business Journal (bizjournals.com) "Mississippi-based Yates Construction was recently awarded a contract worth up to $148.3 million to build out about 206,000 square feet of facilities at Naval Air Station Corpus Christi, according to the U.S. Department of Defense's contract database. The firm will build a 140,000-square-foot aircraft component repair shop and a 65,000-square-foot administrative annex building for the base's leadership." Harbor Bridge Project set to be completed Spring 2025 | kiiitv.com "Allison added the North Tower upper lifts are complete while the South Tower lifts are almost finished. "We are on lift 18; to get up to a lift 20 we should be complete there by the end of May," she said."
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