News Archive
Houston industrial leases surge as abundant space attracts out-of-state tenants
September 8, 2022 - Developers are breaking ground on several industrial projects in Houston amid record demand for space as an influx of out-of-state industrial tenants seek a Texas hub for retail, e-commerce and logistics operations.Leasing activity by companies locating to Houston for the first time has more than tripled in the last 18...
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Air Liquide to build $550MM ASU, Baytown, Texas
August 23, 2022 - Air Liquide has proposed a $550 million project for the design and construction of a new world-scale air separation unit (ASU) for the production of argon, oxygen, and nitrogen for distribution to customers in the Gulf Coast area, according to an application filed with the Texas Comptroller’s Office. ...
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Third Terminal On The Way At Port Houston As Supply Chain Reshuffle Sends Growth Soaring
August 22, 2022 - Traffic is up nearly 25% at Port Houston so far this year amid what one commercial real estate observer called a perfect storm of global transportation and supply chain pressure.Now plans are afoot to deal with the unprecedented volume of cargo pouring into the city, including...
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The next U.S. energy boom could be wind power in the Gulf of Mexico
August 15, 2022 - With passage of the Inflation Reduction Act, which contains $370 billion for climate and energy programs, policy experts are forecasting a big expansion in clean electricity generation. One source that’s poised for growth is offshore wind power.The U.S. has just two operating offshore wind farms, off...
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NRG Energy proposes $526M expansion at Cedar Bayou plant in east Baytown
August 10, 2022 - Houston-based NRG Energy Inc. (NYSE: NRG) is seeking to expand a power station in Chambers County.NRG proposed adding a 690-megawatt electric-power generation block at its existing Cedar Bayou power production complex in east Baytown, according to tax incentive applications recently made public by the Texas comptroller's office. The...
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FedEx Ground inks big distribution center lease in Baytown
August 3, 2022 - FedEx Ground signed a major deal to open its 10th distribution center in the Houston area, bringing possibly hundreds of new jobs to Baytown.The package distribution facility is being developed by Houston-based McNair Interests and Pontikes Development in the Port 10 Logistics Center, located southeast of Interstate 10 and Texas 330. ...
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SI Group Moves Headquarters
August 1, 2022 - A chemical company with a Baytown facility moved its corporate headquarters from New York to The Woodlands to take advantage of the region’s dominance in the petrochemical industry. The company also purchased laboratory space in the Houston area.SI Group has a manufacturing facility at 4604 West Baker Road...
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Dayton Street Partners to Develop 164,640 SF Spec Industrial Project Near Port Houston
July 7, 2022 - Chicago-based Dayton Street Partners will develop a 164,640-square-foot speculative industrial project near Port Houston. The facility will be situated on a 47.4-acre site within the 15,000-acre TGS Cedar Port Industrial Park in Baytown and function as a truck terminal as well as a storage and distribution center. Building features will...
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PSC Group opens advanced recycling facility in Baytown, Texas
July 7, 2022 - PSC Group has opened a 200,000-square-foot facility in Baytown, Texas, to provide advanced plastics recycling services.At this new Baytown complex, PSC will receive industrial post-use plastic in rigid, foam and film forms. Using specialized equipment housed at the facility and advanced recycling processes, PSC will combine and densify these...
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Pipeline giants Enterprise Products and Energy Transfer consider chemicals business
June 29, 2022 - Two of the nation’s largest pipeline companies are planning projects that would expand their businesses into petrochemical manufacturing.Houston-based Enterprise Products has applied for tax abatements on an ethylene manufacturing facility in East Texas that, if built, would cost more than $5 billion. Energy Transfer of Dallas also...
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