News Archive
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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Houston Leads The Nation In Big-Box Industrial Growth, Thanks To Booming E-Commerce
March 20, 2022 - Houston is the nation's top growth market among big-box industrial facilities, with growth in e-commerce incentivizing companies to hungrily grab properties, especially around Port Houston.Industrial big-box facilities, or any warehouse or distribution center over 200K SF, are proving more popular than ever as companies increase stock to keep...
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Walmart Expands Baytown Campus with New 1,000,000+ Square-Foot Distribution Center, Opening Fall 202
March 9, 2022 - Walmart today announced plans to expand its Baytown, TX supply chain campus with a new 1,000,000+ square-foot distribution center to support the retailer’s growing supply chain network. The new facility, located at 4633 Borusan Road, is the retailer’s fourth in Baytown and is set to open in the...
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ExxonMobil planning hydrogen production, carbon capture and storage at Baytown complex
February 28, 2022 - ExxonMobil said today it is planning a hydrogen production plant and one of the world’s largest carbon capture and storage projects at its integrated refining and petrochemical site at Baytown, Texas, supporting efforts to reduce emissions from company operations and local industry. Hydrogen would fuel olefins plant, reduce...
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