News

By Janet Miranda – Reporter, Houston Business Journal
Seventeen years after Hurricane Ike devastated Galveston, the region’s long-anticipated storm barrier — known as the “Ike Dike” — has achieved a significant milestone. The Gulf Coast Protection District recently approved two major engineering design contracts, advancing the largest coastal protection initiative in the U.S. Dallas-based Jacobs (NYSE: J) secured the contract for designing the Bolivar Roads Gate System, also known as “The Gate,” …

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A joint venture of midstream companies reached a final investment decision on a new natural gas pipeline from the Permian Basin to Katy.
The Matterhorn joint venture involves Tulsa, Oklahoma-based Oneok Inc. (NYSE: OKE), Austin-based WhiteWater, Ohio-based MPLX LP (NYSE: MPLX) and Canada-based Enbridge Inc. (NYSE: ENB), which has its U.S. headquarters in Houston…..
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Texas lawmakers trying to solve the state’s housing affordability crisis passed a bill during the last legislative session that experts say will be a “game-changer” for the development of multifamily homes.
Senate Bill 840 or SB 840, which was introduced by Republican state Senator Bryan Hughes and signed into law by Governor Greg Abbott in June, would streamline the process of turning non-residential commercial buildings in the state into mixed-use and multi-family residential ones……

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In a remarkably short time, Texas has positioned itself as a for data centers, a niche but rapidly expanding asset class that demands highly specialized construction, robust power infrastructure, and proximity to major fiber routes. For real estate investors and developers, this isn’t just another wave of tech expansion—it’s one of the most infrastructure-intensive and, if the tech trend continues, future-proofed opportunities in commercial real estate today……..

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The George R. Brown Convention Center (GRB) is set to undergo a major transformation that will reimagine downtown Houston into a pedestrian-friendly convention and entertainment district…….

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Apple today announced its largest-ever spend commitment, with plans to spend and invest more than $500 billion in the U.S. over the next four years. This new pledge builds on Apple’s long history of investing in American innovation and advanced high-skilled manufacturing, and will support a wide range of initiatives that focus on artificial intelligence, silicon engineering, and skills development for students and workers across the country……

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By Ryan Reynolds

Water entities serving Spring and Klein are ramping up efforts to convert a larger portion of their water supply to surface water, aiming to reduce groundwater reliance in compliance with Harris-Galveston Subsidence District regulations. HGSD data from 2019-23 shows the Greater Houston area continues to experience subsidence, or the collapsing of the land due to movement …..

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Space might be Elon Musk’s ultimate goal, but he’ll make do with a large chunk of Texas in the meantime. According to The Real Deal, the richest man in the world owns $3.4 billion of Texas real estate, which houses mostly business ventures such as SpaceX, Tesla and The Boring Company but also comprises large swathes of land where he plans to develop self-sustaining towns…..

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With the end of 2024 came the end of two major freeway projects around the area, when all lanes opened at the Interstate 69 and Loop 610 interchange and along Interstate 10 in Brookshire to the Brazos River. New lanes, however, are always a work in progress. The Texas Department of Transportation and others are.…

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By Mary Cantrell with The Big Bend Sentinel BREWSTER COUNTY — Last Thursday the Texas General Land Office (GLO) closed on a historic deal to purchase a massive 353,785-acre ranch in Brewster County from Texas Mountain Holdings, owned by Brad Kelley. The “Brewster Ranch” was listed for $245,678,330…

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By Julie A. Cohn with Baker Institute Framing the Issues On Jan. 14, 2025, the Texas Legislature will once again gather in Austin for its biennial regular session, and electric power will once again catch the attention of lawmakers. Between now and then, Texans can look forward to a long hot summer and the early weeks of …

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By Pipeline & Gas Journal (Reuters) — Natural gas prices in the Permian shale basin in West Texas turned negative a record number of times so far in 2024, including on Wednesday, as pipeline and other constraints trap gas in the nation’s biggest oil-producing basin. Spot gas prices for Wednesday at the Waha hub in West Texas…

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By Jaie Avila / News 4 San Antonio Work is progressing on the $550 million Alamo redevelopment plan, projected to bring $2.5 million visitors to our city’s most treasured landmark. Some nearby businesses are not happy about a part of the project that got underway this week. On Monday a construction crew permanently shut down…

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By Adam Zuvanich with Houston Public Media The national passenger railroad company of the United States, which has taken the lead on a long-planned high-speed railway between Texas’ two largest cities, continues to explore the initiative but also promoted the idea in a video released this week. The plan for the 240-mile route between the…

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HOUSTON, Texas (KTRK) — After decades of planning, the Hardy Toll Road extension project will finally move forward. Harris County commissioners unanimously approved Tuesday’s plan after adding multiple neighborhood improvement requests.

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By Katy McAfee, Government Reporter for Community Impact Construction for Austin’s 9.8-mile Project Connect light rail system is slated to kick off in 2027, Austin Transit Partnership, the government entity responsible for building the rail, announced March 22. Trains could be up and running throughout Central Austin by 2033, ATP said; however, the group faces challenges…

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By Dug Begley, Transportation writer for the Houston Chronicle Often called a once-in-a-generation project, the planned $9.7 billion-plus rebuild of Interstate 45 from downtown Houston north to Beltway 8, including a total reconstruction of the downtown freeway system, is expected to take a generation to build. A child born today would drive along the completed freeway around…

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By Deevon Rahming with KHOU 11 LEAGUE CITY, Texas — If you’ve lived in the Houston area long enough, you’re probably familiar with two things: growth and the Grand Parkway Transportation project. It’s a project encompassing seven counties, spanning 184 miles. Roughly 100 of those miles are already complete. The project will transform the state highway into…

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By Kelsey Thompson with KXAN AUSTIN (KXAN) — The Texas Department of Transportation is poised to begin construction on its Interstate 35 Capital Expression Central project near downtown Austin, following approval of the project announced Monday. TxDOT released a final environmental impact statement and record of decision, marking completion of environmental clearance as part of the…

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By Grace Reader and Andrew Schnitker AUSTIN (KXAN) — Austin City Council approved an $88 million settlement agreement with LoneStar Holdings, the group that operates the airport’s South Terminal, for a lawsuit in Travis County District Court and another in federal court. The agreement allows Austin-Bergstrom International Airport the ability to move forward with its…

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By Nathan Bernier The City of Austin should pay $90 million to evict the company running the South Terminal at Austin-Bergstrom International Airport, a panel of special commissioners ordered in Travis County Probate Court. The amount awarded by the special commissioners — three landowners with no stake in the deal who were appointed by a…

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By Miranda Jaimes, Managing Editor for Community Impact A project to widen US 380 in Frisco is expected to move forward in 2023. In spring 2022 environmental assessment began on a project the Texas Department of Transportation would conduct that would widen US 380 from Teel Parkway to west of Lakewood Drive in Collin County. Environmental assessments…

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By John Wayne Ferguson More than five years after their homes and businesses were flooded, residents above the Addicks and Barker dams are learning how much money the federal government owes them for damage from Houston’s overflowing reservoirs. A federal judge last week ruled that the owners of six upstream properties flooded during Hurricane Harvey should collectively…

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By Asia Armour, Features Reporter with Community Impact A $550 million proposed project to widen about 13 miles of the Katy Freeway, also known as I-10, is one step closer. The planned project will start at FM 359 in Waller County, passing through Fort Bend County and end at Mason Road in Harris County. In…

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By Andy Yanez with Community Impact There could soon be changes to the original federally approved design to widen FM 518, better known as Broadway Street, in Pearland. The Texas Department of Transportation from April 26-May 13 collected public input on a proposed change to the Broadway Street widening project from Cullen Parkway to Hwy. 35 in…

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By Vinson & Elkins Law In a unanimous opinion issued on May 28, 2020, the Houston First Court of Appeals affirmed in all aspects a February 2018 jury verdict in favor of CC Telge. As referenced in the opinion, at trial, the State argued it owed compensation of $1.3 million and CC Telge requested $28.8 million…

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By Paul Bubny with Connect Media Increased demand for suburban housing will support property values in the outlying sectors around Greater Houston and other Texas cities, said Houston-based valuation firm Deal Sikes. “Corporate workplace trends, such as working-from-home, have energized the suburban housing markets,” said Mark Sikes, principal with Deal Sikes. Even employees who will…

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By The BISNOW Commercial property values in Houston should trend upward in 2020, as the region’s positive job growth will increase demand for development opportunities, according to Houston-based valuation firm Deal Sikes. “Houston’s commercial real estate values will be on a solid upswing in 2019,” Deal Sikes principal Matthew Deal said. “With Houston expected to gain population significantly…

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By The DI Wire The creation of the new federal opportunity zone program is enhancing investor interest and placing upward pressure on property valuations in downtown Houston, according to the Deal Sikes property valuation firm. “Investors are gaining an understanding of the benefits and potential value of property owned in one of the new opportunity…

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By Business Wire A jury has awarded a Houston property owner compensation of $12.2 million – almost four times the amount originally offered by the State of Texas – for the eminent domain taking of land for the construction of the Grand Parkway in north Houston, according to Deal Sikes, a Houston-based real estate valuation…

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By Leaders in Law Lawyers from the Houston-based Vinson & Elkins recently won a unique eminent domain suit brought on by the State of Texas against a privately-held joint venture. Using the power of eminent domain, the Texas Department of Transportation (TxDOT) acquired the DiMare Fresh Produce cold storage warehouse on 3.9 acres at 1415 West Loop…

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By Katherine Feser Houston’s rosier than expected job growth in 2017 has positioned the local real estate market to gain strength across the board, Houston-based real estate valuation firm Deal Sikes & Associates said in a report. The Houston region added 62,900 jobs last year, the Texas Workforce Commission reported in its revised annual data.…

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By Dug Begley Jury rules in favor of Caldwell Companies against TxDOT in condemnation case Blazing a path through a forested watershed for the Grand Parkway will carry a heavy cost for state transportation officials, if a Harris County jury’s record award is upheld. The jury on Feb. 2 issued a $28.9 million verdict in…

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By Ralph Bivins HOUSTON – How will Hurricane Harvey impact Houston’s real estate prices? It’s been almost two months since the Category 4 storm hit Texas and dropped 50 inches of rain on Houston. To know exactly how the storm impacted prices, we will have to wait until more flooded properties actually sell, says Houston…

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HOUSTON–(BUSINESS WIRE)–Some Houston properties face the possibility of permanent market value losses in the wake of Hurricane Harvey, while other properties may actually benefit from the impact of the storm, according to Deal Sikes & Associates, a Houston-based real estate valuation and consulting firm. Hurricane Harvey inflicted an estimated $100 billion in property losses in…

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By Dylan Baddour The commercial real estate market is boosting some property values while deflating others. Houston-based real estate valuation firm Deal Sikes and Associates reported Monday that varying conditions across the city’s submarkets and property types have created uneven changes in commercial property value over the last year. The firm said 57 percent of…

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