News Archive
Real estate transactions: Archway Properties plans huge industrial project in Baytown
May 25, 2022 - Archway Properties purchased 234 acres near the southeast corner of Interstate 10 East and Sjolander Road in Baytown for the development of Baytown 10 Commerce Center, a 3 million-square-foot project planned for four buildings ranging from 500,000 square feet to 1.2 million square feet. Archway plans to break ground on phase 1, a 503,775-square-foot speculative building...
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Grand Parkway to get a lot grander, with new 53 miles in rural areas
May 17, 2022 - At the stroke of midnight, the Houston area’s 40-year efforts for an outer belt will shoot past the 100-mile mark, when northeast segments of the Grand Parkway open — and offer faster trips for rural areas that, officials said, won’t be for long,Two stretches of...
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ClearSky Health announces plans to open rehab hospital in Baytown
May 9, 2022 - ClearSky Health has selected Baytown as the site of a new 30-bed medical rehabilitation hospital at Blue Heron Parkway and North Main Street.ClearSky Health is a rehabilitative healthcare provider that owns and operates inpatient rehabilitation hospitals in Texas, Louisiana and New Mexico, with plans to open new facilities in...
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Governor Abbott Proclaims 2022 Economic Development Week In Texas
May 8, 2022 - Governor Greg Abbott today recognized the critical role local, regional, and statewide economic development teams play in job creation, business expansion, and business retention in communities throughout Texas as he issued a proclamation officially designating May 9–13 as 2022 Economic Development Week in Texas.“The Texas economy is...
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Bain Capital JV Targets $500M In Cold Storage Development
May 2, 2022 - Bain Capital has formed a joint venture with Barber Partners, a Dallas-based commercial real estate developer, to develop as many as 15 cold storage warehouses valued at $500M.The partners said the new facilities, which will carry the Chill Storage brand, a division of BP Industrial, will capitalize on increased...
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‘Full’ pipelines boosted Enterprise revenues in Q1
May 1, 2022 - Enterprise Products Partners said Monday that its revenues are rising with increased volumes of oil, gas and chemicals flowing through its pipelines. Revenue at the Houston pipeline company rose by 42 percent to $13 billion from $9 billion a year ago, though the company made just slightly less year over...
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Retail center coming: 146-acre development planned at I-10 & 146
April 29, 2022 - Site work is underway for a new retail development at the intersection of Interstate 10 and state Highway 146, across from Chambers Town Center.Construction of buildings is expected to start in the first quarter of 2023.Most of the 146-acre site is zoned commercial, though part is zoned for multi-family housing, said...
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Enterprise, Oxy plan CO2 project along Texas Gulf Coast
April 25, 2022 - Two Houston pillars of traditional energy are planning a carbon capture and transportation project that they say would “advance a low-carbon economy for the energy capital of the world.”Enterprise Product Partners and Occidental Petroleum plan to forge a carbon dioxide sequestration and transportation system that could sell...
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Stream Realty partnership launches big industrial development in Baytown
April 14, 2022 - Stream Realty Partners has teamed with Principal Real Estate Investors on a 1 million-square-foot speculative industrial development in Baytown.Stream, a national real estate services, development and investment company, announced plans to break ground on Portside Logistics Center at 4838 Borusan Road in the third quarter. Principal Real Estate Investors is the...
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Houston Industrial Rents Reach Record Highs As Port Traffic Soars And Supply Chain Woes Linger
April 4, 2022 - Houston industrial rents are the highest on record with demand for e-commerce continuing to rise and a near 40% increase in freight coming into the city's port.Rental rates overall in the first quarter of 2022 in Houston were 63 cents a SF per month (or $7.56 annually), with the...
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