Photos: Tour a home in Lennar’s new community inside Beltway 8 where prices start around $160K

Miami-based Lennar Corp. (NYSE: LEN) knows there’s plenty of demand for homes priced under $200,000 in Houston. Maybe even enough to support 15 or 20 iterations of its relaunched nuHome product line, an executive said.

But demand is just one side of the equation.

“The challenges are also extreme,” said Michael Reamer, vice president of sales for Lennar. “To get land at a price point to make this work is not very typical.”

Lennar’s first nuHome community, Wayside Village, opens…

Houston Biz Journal
Photos: Tour a home in Lennar’s new community inside Beltway 8 where prices start around 0K

Southwest reaches tentative agreement with mechanics

Dallas-based Southwest Airlines Co. (NYSE: LUV) announced April 4 that it has reached a tentative agreement with the Aircraft Mechanics Fraternal Association.

About 2,400 Southwest mechanics and related employees will soon have the chance to vote on a new contract now that a tentative agreement has been reached — though a timeline for the ratification is unclear.

Southwest’s vice president of Labor Relations, Russell McCrady, said that the deal gives the employees wage increases and “additional…

Houston Biz Journal
Southwest reaches tentative agreement with mechanics

Wine room opens at Tilman Fertitta’s The Post Oak Hotel

Another portion of The Post Oak Hotel at Uptown Houston, Tilman Fertitta’s new mixed-use development in the Galleria area, is now open.

The Cellar at The Post Oak features a wine room that will host private events and wine tastings for groups of up to 20 people, according to an April 4 press release. The venue is on the sixth floor of the 38-story tower, and its design features exposed brick, a cross-vault ceiling, chandeliers and backlit wine vaults.

With more than 30,000 bottles of wine from…

Houston Biz Journal
Wine room opens at Tilman Fertitta’s The Post Oak Hotel

Amazon to takes steps — more than 500 — to shed Whole Foods' 'Whole Paycheck' reputation

Amazon.com Inc. plans to cut prices at Whole Foods stores on April 3.

For the products affected, prices will be reduced by an average of 20 percent on select items throughout the store. Meat and produce will get cheaper as the e-commerce giant tries to extend its own reputation for low prices and convenience to the Austin-based grocery chain often referred to as “Whole Paycheck.”

Amazon (Nasdaq: AMZN) also wants to keep up with the Joneses — namely Walmart Inc., Kroger Co. and H-E-B…

Houston Biz Journal
Amazon to takes steps — more than 500 — to shed Whole Foods' 'Whole Paycheck' reputation

New eatery lands in downtown food hall

Press Waffle Co., a Dallas-based company that appeared on March 24’s episode of ABC’s Shark Tank, will open its first Houston location inside the Loop this September in downtown’s Lyric Market. 

Press Waffle’s first brick-and-mortar store opened in December 2017 and now has three locations, two in the Dallas-Fort Worth metropolitan area and one in Baybrook Mall in Friendswood. 

“Our goal was never to have just one location,” said co-founder Caleb Lewis. “We definitely have grand…

Houston Biz Journal
New eatery lands in downtown food hall

HBJ reveals 2019 Residential Real Estate Awards top agents, teams

The Houston Business Journal unveiled the rankings of the city’s top real estate agents and teams at the annual Residential Real Estate Awards, held at the Marriott Marquis on March 28.

The awards honor the dozens of individual agents and teams who appear on seven HBJ Lists. Click through the slideshow to see the top five winners on each of the Lists.

The full rankings will be available to subscribers online and in the weekly edition on March 29 — click here to subscribe. The Lists included…

Houston Biz Journal
HBJ reveals 2019 Residential Real Estate Awards top agents, teams

Saudi Aramco to buy $69B stake in SABIC

Two Saudi Arabian companies with major operations in Houston announced a $69.1 billion deal on March 27.

State-owned Saudi Arabian Oil Co., more commonly called Saudi Aramco, has agreed to buy a 70 percent majority stake in Saudi Basic Industries Corp., or SABIC, from the Public Investment Fund of Saudi Arabia. The remaining 30 percent is made up of publicly traded shares, which Saudi Aramco has no plans to acquire, according to press releases from the companies. 

The deal is subject to certain…

Houston Biz Journal
Saudi Aramco to buy B stake in SABIC

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