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University of Houston receives $50M donation for creation of STEM institutes

An anonymous donor has gifted $50 million to the University of Houston, the largest single donation to UH since it launched its “Here, We Go” campaign in 2017.  The donation will establish four new institutes, which will “address crucial challenges” in the areas of energy, infrastructure, precision medicine and global engagement, according to a press release. UH will create the following interdisciplinary institutes: Institute for Sustainable Energy and Energy Security  Institute for…

Meet 5 Most Admired CEOs: Brian Greene, Tony Grijalva, Donald Guter, Rick Guttman, Travis Hardwick

The Houston Business Journal named 59 leaders around the Houston area as 2019 Most Admired CEOs. In selecting our honorees, a panel of judges looked for characteristics such as contribution to company success, civic involvement, career achievement and more. The judges selected 42 for-profit leaders and 17 nonprofit leaders for this year's award. The 59 honorees will be recognized in a special section of HBJ's Aug. 23 weekly edition and at a luncheon on Aug. 22. Click here to learn more about…

Struggling Houston-based energy co. gets another delisting warning

Houston-based Alta Mesa Resources Corp. (Nasdaq: AMR) has run afoul of stock exchange listing rules once again. The company failed to file its second-quarter report with the U.S. Securities and Exchange Commission, according to an Aug. 21 press release. The delay was made less surprising by the fact that Alta Mesa hasn’t filed a quarterly or annual financial report with the SEC since its report for the third quarter of 2018. The Nasdaq has already given Alta Mesa an extension to Sept. 30 to file…

Senior housing investors have plenty of options in Houston — but other Texas cities might have more

Investors across the country are increasingly viewing senior housing as a money-making vehicle. But in Texas, the financial opportunities in Houston might lag behind those available in Dallas. Those are the findings of a recent report released by Toronto-based Colliers International (Nasdaq: CIGI), which was based on data collected by New York-based Real Capital Analytics. The report found that Houston added 332 senior housing units during the first half of 2019, down by about 340 units from what…

Photos: Houston-area community college debuts new energy, technology campus

San Jacinto College’s newest facility, the Center for Petrochemical, Energy and Technology, is almost ready for students. The CPET, at 7901 W. Fairmont Parkway in Pasadena, will open its doors Aug. 26. Click through the slideshow above for a look at the CPET. The CPET facility is 151,000 square feet, with an 8,000-square-foot glycol distillation unit used to teach all students process operations and how to develop troubleshooting skills.  The building has a multifunctional glass pilot lab for…

Kroger starts selling CBD products in Houston, elsewhere

Cincinnati-based grocery giant The Kroger Co. (NYSE: KR) has started selling topical products with hemp-derived cannabidiol, better known as CBD, in Houston and surrounding areas, according to an Aug. 21 press release. When Kroger announced in June that it would start selling products with CBD, the company said the products would be in 945 stores in 17 states. Now, those products are slated for 22 states, with the addition of Texas, Georgia, Montana, Utah and Virginia, per the Aug. 21 release. The…

Houston-area physicians, hospitals receive millions of dollars in grants for cancer research

The Canter Prevention and Research Institute of Texas awarded grant funds to numerous Houston-based health care institutions Aug. 21. CPRIT awarded the University of Texas M.D. Anderson Cancer Center more than $19 million to support research, recruitment and prevention efforts, according to a press release from the hospital. The grants awarded to M.D. Anderson represent 14 percent of the total $136 million of grant funds announced by CPRIT. M.D. Anderson’s awards include $1.1 million for research,…

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