HBJ announces 2019 Residential Real Estate Award finalists

It’s that time of year again. Every year, Houston-area real estate agents submit their local transactions and local sales volume from the prior calendar year to compete for a spot on the Top Residential Real Estate Lists. 

The Houston Business Journal will recognize the top-selling real estate agents and teams on The Lists at the 2019 Residential Real Estate Awards event. The rankings will be revealed at the awards breakfast at 7 a.m. Thursday, March 28 at the Marriott Marquis. Click here to register.

The…

Houston Biz Journal
HBJ announces 2019 Residential Real Estate Award finalists

Dollar Tree planning $130M distribution center in Houston area

Virginia-based Dollar Tree Inc. (Nasdaq: DLTR) could be the latest national chain to make a major investment in Houston-area distribution space. 

The retailer tentative plans to build a $130 million distribution center in Rosenberg, a city in Fort Bend County, according to a Feb. 6 press release. The facility will be on 140 acres at Spur 10 near Klosterhoff Road, about 40 miles southwest of downtown Houston.

The distribution center would create more than 300 jobs and serve both Dollar Tree and…

Houston Biz Journal
Dollar Tree planning 0M distribution center in Houston area

Name revealed for Hines’ 47-story office tower underway in downtown Houston

The 47-story, 1 million-square-foot office tower under construction on the former Houston Chronicle site now has a name. 

The tower, on the 800 block of Texas Avenue, will be dubbed Texas Tower, according to a Feb. 5 press release from Houston-based Hines. 

Hines is partnering on the project with Ivanhoé Cambridge, a Canada-based real estate investment company. The tower began construction in July and is expected to open in late 2021. 

Texas Tower currently is 33 percent leased thanks to anchor…

Houston Biz Journal
Name revealed for Hines’ 47-story office tower underway in downtown Houston

New restaurant to open on top floor of renovated tower in downtown Houston

Compass Group, a global hospitality and foodservice management firm based in the U.K., plans to open its first Houston restaurant this spring. 

Strato 550 will be on the 43rd floor of 1415 Louisiana, according to a press release. The name references the Latin root word for “level” or “layer” and the venue’s location 550 feet in the air, per the release, which claims Strato 550 will be Houston’s highest vantage point open to the public. The new venue will replace The 43rd Restaurant…

Houston Biz Journal
New restaurant to open on top floor of renovated tower in downtown Houston

Houston-based national retailer receives delisting warning

Houston-based Stage Stores Inc. (NYSE: SSI) is at risk of being delisted from the New York Stock Exchange.

The retailer is no longer in compliance with the continued listing standard requiring companies’ 30-day average closing price to remain above $1 per share, according to a Feb. 1 press release. Stage plans to notify the NYSE of its plan to regain compliance, which must be achieved within six months of notification. 

Stage’s stock last closed above $1 on Dec. 26, and it dipped down to 73…

Houston Biz Journal
Houston-based national retailer receives delisting warning

Breakdown of how bonus depreciation, interest expense deductions, and the qualified business income deduction can impact your business

The Tax Cuts & Jobs Act of 2017 (TCJA) is providing many business owners with a potential treasure trove of tax savings but also potential surprises. In this short article, we’ll be discussing some of the changes to depreciation, interest expense deductions, plus other changes that may significantly impact your business for the next few years.

Beginning after Sept. 27, 2017 , a business may be eligible to utilize “bonus depreciation” to depreciate 100% of qualifying assets, new or used, in…

Houston Biz Journal
Breakdown of how bonus depreciation, interest expense deductions, and the qualified business income deduction can impact your business

Trans-Atlantic law firm opens Houston office

Womble Bond Dickinson (US) LLP, the U.S. arm of a trans-Atlantic law firm, has opened a Houston office.

The Houston office is at 811 Main St., suite 3130, and focuses on global energy, advanced manufacturing, technology and life sciences sectors. According to a press release, the four partners in the Houston office are:

Jeffrey Whittle, the Houston’s office managing partner, joined the firm from Hogan Lovells and focuses on global, complex intellectual property transactions.
Joshua “Josh”…

Houston Biz Journal
Trans-Atlantic law firm opens Houston office

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