Austin Water Crisis End

Businesses breathe sigh of relief as Austin water crisis ends

Austin Water late Sunday lifted the boil-water notice that had been in placed for nearly a week, meaning businesses can resume using city tap water to make consumer products. Homeowners don’t need to flush their pipes, but restaurants and businesses are encouraged to flush their lines for two to three minutes, discard ice made during […]

Denbury Resources Penn Virginia Corp Acquisition

Houston upstream energy co. to be acquired by Plano co. for $1.7B

Houston-based Penn Virginia Corp. (Nasdaq: PVAC), an upstream energy company focused on the Eagle Ford Shale, has found a buyer three months after announcing it would evaluate “strategic alternatives.” Plano, Texas-based Denbury Resources Inc. (NYSE: DNR) will acquire Penn Virginia in a deal valued at $1.7 billion, including the assumption of debt, according to an […]

Craft Beer Brewery Water Crisis

How Austin’s booming beer breweries are handling water crisis

The people at Thirsty Planet Brewing Co. believe they can capably manage the water crisis afflicting Austin — so long as the issue is resolved soon. But when Thirsty Planet owner Brian Smittle was told of the Tuesday warning from Travis County that the situation could extend for up to two weeks, he sighed. “That’s […]

Greenway Plaza Parkway Campus

With major tenant departures, Greenway Plaza to transform into 24/7 hub

With two of Greenway Plaza’s largest tenants likely relocating to office properties in the Energy Corridor, the plan to reposition Greenway Plaza as a vibrant campus has been accelerated. Parkway Inc. acquired the 4.9 million-square-foot Greenway Plaza property in 2016, and has been working to reposition the campus to attract younger companies seeking a modern […]

Katy Distribution Center Sale

Exclusive: North America’s largest liquor distributor buys industrial facility in Katy

Almost a year after it broke ground, a nearly 700,000-square-foot distribution facility has nabbed a spirited buyer. Miami-based Southern Glazer’s Wine and Spirits purchased the 673,785-square-foot distribution facility in Katy, sources close to the deal confirmed to the Houston Business Journal. The facility was developed by Atlanta-based Oakmont Industrial Group and broke ground in Houston-based […]

WeWork Woodlands Location

Exclusive: WeWork pursuing first location in Houston suburb

New York City-based WeWork is closing in on its first location in The Woodlands. The coworking company, which opened its first Houston location in 2017, is negotiating a lease at Hughes Landing, a 66-acre mixed-use development by Dallas-based The Howard Hughes Corp. (NYSE: HHC). If the lease is signed, WeWork should open in Hughes Landing […]