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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 credit unions hold their spots at the top of HBJ List five years in a row

AMOCO Federal Credit Union and Shell Federal Credit Union have both made appearances in the top five since 2014 but were not consistent until 2016 when Schlumberger Employees Credit Union lost its place in the top five.

FERC approves two LNG export projects

FERC's chairman said he's optimistic that the commission will be able to approve more applications.

Funding roundup: Houston-based AI platform, regenerative medicine co. and sports media co. raise capital

A number of Houston-based companies are raising capital, according to documents filed with the U.S. Securities and Exchange Commission.

Sears sues Lampert and ESL, claiming theft of billions of dollars

Sears Holding Corp. is suing Eddie Lampert and his ESL Investments hedge fund, claiming they "stripped Sears of billions of dollars of assets." In the suit, filed in U.S. Bankruptcy Court in the Southern District of New York, Sears officials said Lampert, ESL and some other large Sears shareholders stripped more than $2 billion of Sears assets. Several past Sears board members also were named in the suit, including Steven Mnuchin, the current Secretary of the U.S. Treasury. He resigned from the…

Southwest has 'no plans' to alter orders for hundreds more Boeing 737 Max aircraft

Southwest Airlines has no plans to alter orders for hundreds more Boeing 737 Max aircraft, Chairman and CEO Gary Kelly said April 18. "It's a very good airplane, but Boeing has acknowledged that they’ve got some things they need to address with the software in that airplane," Kelly told an audience at a North Dallas Chamber of Commerce event. "It seems like it's a relatively straight-forward modification. We're obviously anxious to get the airplane back in service.” Southwest has 34 737 Max…

BuffBurger: finalist

BuffBurger is a finalist for the Entrepreneurial Opportunity Contest in partnership with BBVA Compass. For more information on the contest, click here. Company description: We are Paul “Buff” and Sara Burden. We've brought a chef-driven concept to fast-casual dining, hand-crafting burgers from the finest, freshest ingredients then flame-grilling them over wood for that authentic Texan flavor. We source the finest, all-natural ingredients from hand-picked local suppliers.  Everything is better…

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