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View Breaking Local News Headlines in Houston from the Houston Business Journal. Access business resources, company profiles, business advice columns, local jobs and more.

Astros owner's son sells power business to focus on Crane Worldwide
by Joshua Mann
24 Sep 2018 at 2:00pm
Jared Crane founded Incite Energy LLC in 2012 and the power company has some high-profile multifamily customers. Now Crane is selling the business to focus on his family's company, Crane Worldwide Logistics LLC, and the Astros Foundation.

520K SF plastic resins facility in Cedar Port Industrial Park begins construc...
by Olivia Pulsinelli
24 Sep 2018 at 1:59pm
Baytown-based Plastic Bagging & Packaging Inc. is getting an additional facility in Cedar Port Industrial Park. PBP currently is on 68 acres at 515 E. Grand Parkway S. in Baytown, and the new facility is being constructed adjacent to the company?s existing building. Dallas-based Trammell Crow Co. is the developer for the 519,224-square-foot project, which is being built on land acquired by an affiliate of Canadian real estate investment trust Artis REIT this past spring, according to a press?

Law firm hires energy partner from Greenberg Traurig after recent merger
by Olivia Pulsinelli
24 Sep 2018 at 12:14pm
Holman Fenwick Willan, which launched in Houston through a 2017 merger, has added an energy-focused partner to its local office. The London-based firm, which goes by HFW, announced Sept. 24 that it hired Derek Anchondo, who previously was a shareholder in the Houston office of Greenberg Traurig. In addition to advising companies on a wide variety of complex energy-sector transactions, he also acts on U.S. regulatory filings, antibribery compliance, environmental regulatory compliance and corporate?

Dallas residential co. expands to Houston, hires KB Home director for new group
by Fauzeya Rahman
24 Sep 2018 at 11:49am
The company expects to close on two deals in Houston by the end of the year that would contain about 400 to 500 homesites each.

Origin Bank to relocate branch in Houston's Museum District
by Chris Mathews
24 Sep 2018 at 10:32am
A plat record was submitted to the city of Houston in 2016 for a mixed-use development on the site of the bank's current Museum District branch.

Sears CEO Lampert has new rescue plan, but says Sears must 'act immediately'
by Ben Miller
24 Sep 2018 at 9:20am
Eddie Lampert, CEO of Sears Holdings Corp. (Nasdaq: SHLD), says his ESL Investments hedge fund has a new plan to rescue the beleaguered retailer, but Sears must "act immediately" to avoid bankruptcy. In a proposal unveiled Sept. 23, Lampert and ESL propose to reduce the debt of the Hoffman Estates, Illinois-based retailer by 78 percent, reduce annual interest expense by 80 percent and lower future debt obligations. In addition, ESL and Lampert want to sell Sears Home Services and other assets "to?

Houston's first In-N-Out Burger coming to mixed-use project in Stafford
by Jen Para
24 Sep 2018 at 9:16am
About two years after purchasing 200 acres in Stafford, Dallas-based StreetLevel Investments and partner Dallas-based Provident Realty Advisors Inc. have broken ground on a mixed-use project that formerly housed a Texas Instruments Inc. (Nasdaq: TXN) campus. The mixed-use project, dubbed The Grid, will include a location of In-N-Out Burger, according to a Sept. 24 press release. It will be the first Houston location for Irvine, California-based In-N-Out Burger. In total, The Grid is a multiphase,?

5 things to know in Texas energy this week
by Joshua Mann
24 Sep 2018 at 8:34am
If petroleum engineers in Texas want to maximize their pay, data from the U.S.Bureau of Labor Statistics suggests they should go to Dallas. Dallasites in that profession make $179,520, a little more than $177,110 for their Houston counterparts. The data did not include salary estimates for San Antonio or Fort Worth, but those in Midland and Corpus Christi earned $129,510 and $159,190, respectively. Meanwhile, there were 531 rigs actively drilling in Texas for the week that ended Sept. 21, compared?

Founder of Houston energy company donates $40M to Texas universities
by Jen Para
24 Sep 2018 at 8:00am
Two Lone Star State universities have received a major donation from an alumnus who co-founded Houston-based Dril-Quip Inc. (NYSE: DRQ). J. Mike Walker gave $20 million each to the mechanical engineering departments at the University of Texas at Austin and Texas A&M University, according to a Sept. 24 press release. In recognition of the gifts, these departments have officially been renamed the J. Mike Walker Department of Mechanical Engineering at UT Austin and the J. Mike Walker ?66 Department?

Where Houston has the most vacant lots for new home construction
by Fauzeya Rahman
24 Sep 2018 at 6:21am
The Far North market area has a 23-month supply of vacant delivered lots while West Southwest has slightly above a 14-month supply.

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Current Conditions : 86.6F, Scattered Clouds - 7:00 PM CDT Sep. 24
24 Sep 2018 at 5:00pm
Temperature: 86.6°F | Humidity: 57% | Pressure: 29.85in ( Falling) | Conditions: Scattered Clouds | Wind Direction: SW | Wind Speed: 4mph

Tonight as of Sep. 24 5:57 PM CDT
24 Sep 2018 at 3:57pm
Tonight - Partly cloudy early in the evening then becoming mostly clear in the evening then becoming partly cloudy after midnight. A 20 percent chance of showers early in the evening, then a 20 percent chance in the late evening and overnight. Lows in the lower 70s. South winds around 5 mph.

Tuesday as of Sep. 24 5:57 PM CDT
24 Sep 2018 at 3:57pm
Tuesday - Partly cloudy. A 40 percent chance of showers and thunderstorms in the morning, then a 30 percent chance of showers and thunderstorms in the afternoon. Highs in the upper 80s. South winds 5 to 10 mph.

Tuesday Night as of Sep. 24 5:57 PM CDT
24 Sep 2018 at 3:57pm
Tuesday Night - Partly cloudy. A 20 percent chance of showers in the evening, then a 40 percent chance of showers and thunderstorms after midnight. Lows in the mid 70s. South winds 5 to 10 mph.

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