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The week in bankruptcies: Rosehill Resources, others bring Houston bankruptcies to 190 for 2020

Houston-area bankruptcy courts recorded five business filings — including three with total debts above $1 million — during the week that ended July 31, 2020. Year to date through July 31, 2020, the court recorded 190 Chapter 7 or Chapter 11 business bankruptcy filings, a 47% increase from the same span the prior year. Chapter 7 bankruptcy protection typically provides for the liquidation of a business’ assets to satisfy creditor claims, while Chapter 11 protection enables a business to restructure…

Visitation now allowed at Texas nursing homes, long-term care facilities

This story excerpt is courtesy of our partners at KHOU 11. Click here for KHOU's full story, which breaks down the new visitation rules. AUSTIN, Texas — Family members who have waited for months to visit their loved ones during the Covid-19 pandemic will be happy to learn that as of Aug. 6, the Texas Health and Human Services Commission is allowing limited visitation for nursing facilities and long-term care facilities. “Today’s announcement is a critical first step for every person in a…

New city ordinance allows Houston restaurants to seat diners in parking lots

This story excerpt is courtesy of our partners at KHOU 11. Click here for KHOU's full story. HOUSTON — The city of Houston is allowing restaurants to expand their dining areas — outside. An ordinance passed Aug. 5 allows diners to eat in restaurant parking lots. Restaurants will still have to adhere to the social distancing guidelines outside, and any parking lot seating area that’s more than 600 square feet would require a permit. The existing patio at Pico's has already proven to be an…

Hines plans 3,300-home Wildflower Ranch community just north of Fort Worth

Houston-based developer Hines is planning a large residential community just north of Fort Worth with 3,300 single-family homes and a resort-style lazy river pool on 1,100 acres. The master-planned community, called Wildflower Ranch, will have homes priced from the mid-$200,000s to the $400,000s, according to an Aug. 6 press release. The site is near the Texas Motor Speedway adjacent to Highway 114 and U.S Interstate 35W. The first phase of the development is scheduled to open in the summer of…

Restaurant roundup: Kenny & Ziggy's to move; Woodlands Whiskey Cake nears opening date

In this week's roundup, one restaurant is moving up the street, another is nearly ready to open a new location, and a third is staying put. Kenny & Ziggy's to replace Luby's in Uptown Kenny & Ziggy’s New York Delicatessen Restaurant in the Uptown/Galleria area will move up the street, replacing a Luby’s Cafeteria restaurant, according to a press release. Kenny & Ziggy’s will continue to operate at its current location, 2327 Post Oak, until the new location is ready in early to mid-2021.…

Welcome Group acquires land in Cedar Port Industrial Park

A well-known Houston commercial real estate developer has acquired a 23-acre property in what has been described as the largest master-planned, rail-served industrial park in North America.

College Station-based G Squared Private Wealth eyes Houston expansion

The independent private wealth firm launched in College Station in June 2019.

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