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ChannelTwoNews

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ChannelTwoNews last won the day on June 18 2020

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  • Birthday 05/13/1986

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  1. 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."
  2. 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."
  3. 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."
  4. 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."
  5. 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."
  6. 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."
  7. 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."
  8. 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."
  9. 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.”"
  10. 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."
  11. The pictures are great, and your new signature is even better. Bravo!
  12. Downtown Dallas library could get major overhaul; Plans for Jonsson Central Library being formed - Dallas Business Journal (bizjournals.com) "Dallas' often-criticized central library could eventually get a major overhaul, its first since opening more than 40 years ago — if Dallas Public Library officials get the funding they want from city leaders."
  13. Sort of wondering how the developer looks to proceed with his other projects, including this tower. The large project that Fort Worth seems to have booted him from and that he (back in February) was saying he was intending to still develop regardless now apparently is dead - at least in terms of Hoque's involvement.
  14. Office tower plans are unchanged, but the condo tower has been modified to include hotel rooms. Kaizen proposes 30-story hotel, condo tower in Uptown Dallas in KERA partnership - Dallas Business Journal (bizjournals.com) "Kaizen Development Partners LLC wants to build a 30-story hotel and condo tower just west of Uptown Dallas, instead of a previous proposal for a fully residential high-rise. The proposed tower would house 90 condos and 200 hotel rooms on the southeast corner of about 2 acres the developer will buy from broadcaster KERA, according to public documents submitted to the Oak Lawn Committee."
  15. Parkside Uptown gets Goldman Sachs construction loan - Dallas Business Journal (bizjournals.com) "Parkside Uptown, a new office tower where Bank of America will be the anchor tenant, has received $290 million in financing from Goldman Sachs. The global investment bank provided the construction loan for what is set to be a 500,000-square-foot high-rise, JLL Capital Markets announced April 17. JLL said it worked on behalf of developer Pacific Elm Properties to secure the loan."
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