Houston developers break ground on more spec industrial projects

Two Houston-based developers recently broke ground on new industrial projects within a few miles of George Bush Intercontinental Airport.

Clay Development & Construction Inc. is building Kennedy Greens Distribution Center I on John F. Kennedy Boulevard at Lauder Road, about 2 miles south of Beltway 8, according to an April 19 press release. The spec project is expected to target e-commerce retailers, logistics and oil field services companies.

The 524,528-square-foot project is being built on…

Houston Biz Journal
Houston developers break ground on more spec industrial projects

Houston developer’s first multifamily project underway

Houston-based D’Agostino Cos. is building its first multifamily project in City Place, a 65-acre mixed-use development in Conroe.

The Reserve at City Place, a garden-style apartment complex, broke ground in February and is expected to open in January 2020, according to a press release. Houston-based Meeks + Partners served as the architect, Houston-based Blazer Building is the general contractor, and Greystar will be property manager. The project was capitalized using HUD 221 (d)(4) financing. 

The…

Houston Biz Journal
Houston developer’s first multifamily project underway

Katy community Lakehouse officially opens

Lakehouse, a new 225-acre community northwest of Houston, is now open. The 350-home development by Houston-based Trendmaker Homes sits northwest of town, near the intersection of Clay and Pitts Road north of Interstate 10.

So far, seven homes have been sold, and first move-ins are expected this summer.

Homes fall within Katy Independent School District boundaries and will range in price from the $200,000s to $600,000s. Lakehouse homes will vary from 1,800 square feet up to 5,000 square feet,…

Houston Biz Journal
Katy community Lakehouse officially opens

Houston nonprofit breaks ground on 30,500 SF community center with UAE, BBVA, city funding

Avenue CDC, a nonprofit focused on affordable housing, celebrated the groundbreaking of its new mixed-use community center just north of downtown on April 15. 

Tax Day was chosen as the groundbreaking date in an effort to highlight the tax benefits of homeownership, according to a media alert. 

Avenue Center will be at 3527 Irvington Blvd., across from Moody Park in the Near Northside neighborhood. The three-story, 30,500-square-foot facility will contain community programming space — including…

Houston Biz Journal
Houston nonprofit breaks ground on 30,500 SF community center with UAE, BBVA, city funding

Boeing CEO, speaking in Texas, says test flights for software update have been successful

Boeing Chief Executive Dennis Muilenburg said 96 test flights have been conducted with updated software as the manufacturer tries to get the 737 Max back in the sky.

Muilenburg, speaking at the George W. Bush Presidential Center in Dallas, also said two-thirds of the 50 carriers that operate the plane model have tested the updated software in a simulator.

“We continue to demonstrate that we’ve identified and met all certification requirements,” Muilenburg said.

The 737 Max aircraft, made by…

Houston Biz Journal
Boeing CEO, speaking in Texas, says test flights for software update have been successful

Firefighters will consider phasing in Prop B implementation if conditions are met

The Houston firefighter union will consider phasing in the pay raises required by Proposition B over a 3.5-year period, should certain conditions be met.

Representatives from the Houston Professional Fire Fighters Association met April 12 with Houston Mayor Sylvester Turner to discuss phasing in the implementation of Prop B — which establishes pay parity between city firefighters and police officers. At the end of the meeting, the fire union gave Turner a letter from HPFFA President Marty Lancton,…

Houston Biz Journal
Firefighters will consider phasing in Prop B implementation if conditions are met

Houston home sales, leasing activity record strong increases in March

Houston’s housing marketing saw year-over-year increases in all major metrics last month, and leasing activity continued its hot streak, the Houston Association of Realtors reports.

Single-family home sales totaled 7,072 in March, up 4.9 percent from the year before, and sales of all property types increased 3.6 percent to 8,475. That builds on the small improvement the market saw in February after three months of declines. 

All segments of homes priced at or above $150,000 saw increases in…

Houston Biz Journal
Houston home sales, leasing activity record strong increases in March

UH gets $1M gift from large energy co. to fund new faculty positions

The University of Houston received a $1 million gift from Houston-based ConocoPhillips (NYSE: COP) April 9. The one-time gift will help fund new faculty positions and fellowships in UH’s computer science and mathematics departments, key areas of focus for the university as it doubles down on its data science offerings.

In November, UH received a $10 million grant from Hewlett Packard Enterprise to expand its data science institute, a move UH says will strengthen programs for students as well…

Houston Biz Journal
UH gets M gift from large energy co. to fund new faculty positions

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