News Archive
Magellan Midstream Partners to be acquired by fellow Oklahoma company in $18.8B deal
May 14, 2023 - Tulsa, Oklahoma-based Magellan Midstream Partners LP (NYSE: MMP), a master limited partnership with significant operations in the Houston area, is being acquired in a deal worth approximately $18.8 billion, including assumed debt.Oneok Inc. (NYSE: OKE), also based in Tulsa, will pay $25 in cash and 0.6670 shares of its common stock for...
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Hyatt Regency Baytown-Houston Set to Unveil on May 18, 2023
May 14, 2023 - Hyatt Regency Baytown-Houston is set to officially open its doors on Thursday, May 18, 2023 and reservations are now bookable online at Hyatt.com. To read the full story, click here.
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City ponders new entertainment center near San Jac Marketplace
April 24, 2023 - As crews lay the groundwork for the San Jacinto Marketplace, the City of Baytown is considering plans to add a new amenity to the area along Interstate 10 between Garth Road and San Jacinto Boulevard. While visiting other cities and venues in Texas, city representatives searched to find something that...
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Barbers Hill drives local economy
April 19, 2023 - Among all the conversations and controversies regarding public school systems today, there’s one that doesn’t get a lot of attention -- its impact on the local economy.Barbers Hill ISD is a shining example of a school district stimulating the economy of Mont Belvieu, Chambers County...
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Joint venture develops cold-storage distribution center in massive Cedar Port Industrial Park
April 19, 2023 - Another warehouse is being developed in the massive TGS Cedar Port Industrial Park in the Baytown area.Philadelphia-based BG Capital and New Jersey-based FreezPak Logistics said they started construction on a 281,849-square-foot cold-storage warehouse last week.The joint venture, named BGFP International LLC, purchased the 30.7 acres at 7818 Fisher Road —...
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Baytown’s Port 10 Logistics Center adding 2 more warehouses, including rail-served building
April 10, 2023 - The Port 10 Logistics Center, a 246-acre multimodal business park in Baytown, is gaining two more warehouses totaling more than 630,000 square feet, including one connected to rail.The park’s developers, Houston-based McNair Interests and Pontikes Development, said construction started late last month on Building 3, a 450,873-square-foot rail-served warehouse. They...
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Plan to revive Texas’ corporate tax breaks adds more lucrative incentives, eases job requirements
April 9, 2023 - Texas Republicans on Monday unveiled a plan to revive the state’s largest corporate tax break program with legislation that would make the incentives more widely available and more lucrative; water down prior job creation and wage requirements; and exempt “grid reliability” projects —...
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Fast-growing Chambers County tackles boom
April 3, 2023 - The average income for the 29,900 households in Chambers County is $87,584 and the top occupations are construction (7,021) and manufacturing (4,543) with about half the population under 35 years of age.Those are some of the numbers reported by County Judge Jimmy Sylvia, the elected leader of Chambers County government, at a recent luncheon...
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Sunpan announces major new Houston warehouse
March 27, 2023 - BAYTOWN, Texas – Toronto-based furniture supplier Sunpan will add a new 200,000-square-foot warehouse near Houston. The facility is set to be operational by the fourth quarter.Combined with its Toronto facility, the addition will bring the company’s total distribution space to nearly half a million square...
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Sempra will build $13B LNG facility in Port Arthur
March 19, 2023 - Sempra said Monday that it will move ahead with construction of a $13 billion liquefied natural gas facility in East Texas, becoming the second company to reach a final investment decision on a Gulf Coast LNG facility in as many weeks.Sempra Infrastructure, a subsidiary of the San Diego-based energy conglomerate,...
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