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Report: Houston rents, occupancy unchanged from earlier this year
Business
Published in 30-6-2017
    277 Visits

Despite an oversupply of rentals in Houston, occupancy came in at almost 93 percent at the end of the second quarter as demand outstripped supply. Occupancy was flat compared to the first quarter, but down 1.3 percent from a year ago.

Reference: www.chron.com
Memorial Hermann quits individual insurance business
Business
Published in 30-6-2017
    216 Visits

After wading into the individual health insurance business for the past three years, Memorial Hermann Health System confirmed this week it is abandoning the effort at the end of the year.

No health maintenance organization (HMO) or preferred provider organization (PPO) individual plans will be sold for 2018, the health system said. However, Memorial Hermann Health Plans will still offer M ...>>

Reference: www.chron.com
Mayor's task force lays out recommendations to foster tech startups
Business
Published in 30-6-2017
    805 Visits

This morning saw the second of two rounds of recommendations for what would help Houston grow its stock of technology companies. The first came from a task force convened by the Greater Houston Partnership, and was aimed at the business community. This one, funded by the city itself, is aimed at government action.

Reference: www.chron.com
These new projects will change the face of Midtown
Business
Published in 30-6-2017
    431 Visits

The Midtown Management District on Thursday published an update on upcoming developments in the area that will bring more than 1,200 new living units and dramatically increase density in a rapidly changing Houston neighborhood.

Reference: www.chron.com
New NASA, Honeywell project aims to take the boom out of supersonic flight
Business
Published in 23-6-2017
    331 Visits

Honeywell and NASA tested predictive software and display technology that allows pilots to know when sonic booms will occur and to alter their course to minimize that boom over populated areas.

Reference: www.chron.com
Foreign investment pours into industrial real estate
Business
Published in 23-6-2017
    531 Visits

Foreign investment in U.S. industrial real estate jumped 30 percent to $1.3 billion in the first quarter of 2017 over the same period a year before, according to a new report by Avison Young. "It just goes to reinforce the trend that we are seeing with more money getting into the industrial asset class. It continues to be a darling and I believe it will be for some time,"said Erik Foster, a pr ...>>

Reference: www.chron.com
Senate Obamacare replacement gets mixed reviews from Texas policy makers
Business
Published in 23-6-2017
    674 Visits

The U.S. Senate's health care plan, unveiled Thursday, garnered mixed reviews in Texas with some offering tepid support for its ambitious reigning in of federal spending while others voiced outright anger saying the bill balances those cuts on the backs of the state's poor and most vulnerable.

Reference: www.chron.com
Developer Skanska touts progress on Capitol Tower
Business
Published in 23-6-2017
    84 Visits

Downtown's Capitol Tower will bring a food hall with fare from local chefs, skyline views for 90 percent of the offices, a fitness center and a new name when it opens in 2019. "Right now we're pouring about a floor a week," Matt Damborsky, executive vice president for developer Skanska USA, said during a "skybreaking" ceremony Thursday to mark progress on the 35-story skyscraper taki ...>>

Reference: www.chron.com
Which Wich plans Houston expansion .. but in which towns?
Business
Published in 16-6-2017
    976 Visits

Which Wich is targeting Houston as part of a multiyear national expansion plan.

Reference: www.chron.com
Kroger's bad news has turned into a downer for the entire grocery industry
Business
Published in 16-6-2017
    273 Visits

The largest U.S. grocery-store chain touched its lowest level in almost three years Thursday, leading declines among peers after slashing its earnings forecast and posting a second straight quarter of declining same-store sales. The situation has led Wal-Mart, which generates more than half of its revenue from groceries, and other retailers to offer steeper discounts to boost customer traffic. ...>>

Reference: www.chron.com
Trump to announce major roll back of Cuba travel policies
Business
Published in 16-6-2017
    221 Visits

Trump will prohibit financial transactions between Americans and U.S. companies and Grupo de Administracion Empresarial SA, known as GAESA, the state-run, military-affiliated conglomerate that controls large swathes of the Cuban economy, according to a summary of his policy prepared by a congressional office and obtained by Bloomberg. “This policy was clearly written by people who have never ...>>

Reference: www.chron.com
New medical building planned for the Heights
Business
Published in 16-6-2017
    251 Visits

A plat variance application filed with the city Planning and Development Department shows a new medical office building planned for the Heights.

Reference: www.chron.com
Landry's bids for Joe's Crab Shack operator
Business
Published in 16-6-2017
    606 Visits

Houston-based Landry's has bid to acquire Ignite Restaurant Group, potentially unseating the California restaurant operator that agreed earlier this month to acquire the distressed company.

Reference: www.chron.com
Which Wich plans Houston expansion .. but in which towns?
Business
Published in 16-6-2017
    817 Visits

Which Wich is targeting Houston as part of a multiyear national expansion plan.

Reference: www.chron.com
Kroger's bad news has turned into a downer for the entire grocery industry
Business
Published in 16-6-2017
    225 Visits

The largest U.S. grocery-store chain touched its lowest level in almost three years Thursday, leading declines among peers after slashing its earnings forecast and posting a second straight quarter of declining same-store sales. The situation has led Wal-Mart, which generates more than half of its revenue from groceries, and other retailers to offer steeper discounts to boost customer traffic. ...>>

Reference: www.chron.com


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