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Houston industrial ended 2017 on a 'quite remarkable' note
by Cara Smith
19 Jan 2018 at 12:51pm
Much of the growth Houston's industrial sector in 2017 came in the form of warehouse and distribution center leases, fueled both by Hurricane Harvey-related demand and activity from e-commerce companies.
Initial plans unveiled for Texas bullet train?s Brazos Valley station
by Olivia Pulsinelli
19 Jan 2018 at 12:47pm
Developers of Texas? high-speed rail project have unveiled some details about the station that will be built in the Brazos Valley between Houston and Dallas.
The station will be on 60 acres in the Roans Prairie area of Grimes County, according to a Jan. 18 press release from Texas Central Partners LLC, which already has agreements with the site?s current owner. The site is along Highway 30 and just west of Highway 90, about halfway between College Station and Huntsville, per the release.
Houston-based oil field manufacturer opens Russian facility
by Joshua Mann
19 Jan 2018 at 12:43pm
"Word got out that we were building a facility in Russia... It became a sales tool as much as anything else."
Montrose Management District stops neighborhood services
by Jen Para
19 Jan 2018 at 12:27pm
One local neighborhood district has ceased its services to residents and local businesses.
As of Dec. 11, the Montrose Management District has stopped providing a variety of services, including safety patrols, graffiti abatement, trash pick-up and maintenance of promenades, according to a pop-up statement on the district?s website. It began reducing the services in mid-November.
The statement says that the district has done this because of ?unpaid assessments from some of the commercial property?
New Houston nonprofit launching to address inequality in education
by Jack Witthaus
19 Jan 2018 at 12:15pm
Early financial backers include the Kinder Foundation and the Houston Endowment.
Houston upstream co.'s executive chairman to retire, board of directors expands
by Jen Para
19 Jan 2018 at 11:09am
Penn Virginia Corp. (Nasdaq: PVAC) has announced several changes to its board of directors.
The Houston-based independent oil and gas company said Harry Quarls, executive chairman and a director, will retire Feb. 28, according to a press release. He will continue to provide consulting services through 2018. Two members of the board will take over as co-chairmen upon Quarls' retirement.
Quarls has served as the board chairman since September 2016 and has served as executive chairman since August?
Op-Ed: Why Amazon's rejection of Houston for its HQ2 is a chance to celebrate...
by Jake Donaldson
19 Jan 2018 at 10:55am
Houston failed to make the 20-city short list for Amazon HQ2, which on the surface is disappointing. I commend both the city and the Greater Houston Partnership for their noble efforts in putting our city in the best light and trying to attract a giant like Amazon, especially amongst so much competition. The CEO of the Greater Houston Partnership Bob Harvey said, ?I believe this is a wake-up call for Houston.? I completely agree, but not in the way you think.
Our city?s pursuit of Amazon?
Winter storm sets Texas power demand record
by Sergio Chapa
19 Jan 2018 at 10:14am
Winter Storm Inga blanketed most of Texas with freezing temperatures and set a new record for electricity demand in the state.
The Electric Reliabilty Council of Texas, which oversees almost all of the state's power grid, reported a new winter peak record demand of 65,731 megawatts of electricity from 7 to 8 a.m. on Wednesday, Jan. 17.
Inga plunged overnight temperatures below freezing and dumped snow, sleet and ice on much of Texas, prompting Wednesday morning's demand to break the previous?
Houston-based energy services co. prices IPO at high end of range
by Olivia Pulsinelli
19 Jan 2018 at 9:05am
Houston-based Nine Energy Service Inc. late Jan. 18 announced it priced its initial public offering of 7 million shares of common stock at $23 each.
That?s at the high end of the expected range of $20 to $23 that the company announced earlier this month. Nine also granted underwriters a 30-day option to purchase up to an additional 1.05 million shares of stock at the IPO price, less underwriting discounts and commissions.
The IPO is expected to close on Jan. 23, and shares began trading Jan.?
Rockets' ticket sales increase due to ticketing system
by Eric Fisher
19 Jan 2018 at 9:03am
Marking an intersection in the once-significant barriers between primary and secondary ticketing, AXS has blended both types of inventory into a single offering.
The Los Angeles-based company has retooled its ticket purchase process to not only show primary and secondary tickets in a single search, but allow a user to merge them into a single transaction.
The blended ticket purchasing is being used by several AXS NBA clients, including the Houston Rockets, Los Angeles Clippers, Denver Nuggets?