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These stories from AP and other major media sources have not been reported, edited or fact-checked by RCP editors.

Showing items 1 - 25
 

01/28/2015With Lower Oil Prices, Sasol Delays Plan for $14B Louisiana Plant

NEW ORLEANS (AP) — The collapse in world oil prices claimed a casualty in Louisiana's vital energy industry Wednesday when South Africa-based Sasol announced a delay in final investment plans for a $14 billion plant that would convert natural gas into liquid fuels. The plant near Lake Charles in southwestern Louisiana was expected to create hundreds of permanent jobs. The decision diminishes, ...
01/28/2015Bank of San Antonio plans new HQ

Jan. 28--The Bank of San Antonio plans to build a corporate headquarters -- in Castle Hills. The fourth-largest locally based bank has disclosed it will construct a three-story, 57,000-square-foot office building at 1900 N.W. Loop 410, next to Pape-Dawson Engineers Inc.'s headquarters. The Bank of San Antonio's headquarters now is in leased space in the Forum Office Complex at 8000 Interstate ...
01/27/2015French involvement in Texas high-speed rail? Mais oui!

Jan. 27--FORT WORTH -- A company that operates France's national high-speed rail network is exploring possible involvement in Texas bullet trains. "We're here to listen, learn and evaluate," Alain Leray, president and chief executive of SNCF America Inc., said Monday during a visit to downtown Fort Worth. Leray and a colleague with SNCF, France's state-owned railway company, attended a ...
01/24/2015Cracks forming in commercial real estate market

Jan. 24--Office buildings continue to bustle with workers. New apartment complexes are still filling up with tenants. Multitudes of cranes hover over the city's business and residential districts. But underneath all the activity, cracks are beginning to form in Houston's commercial real estate market amid the collapsing price of oil. On the surface, the change is hard to spot. "At a local ...
01/24/2015Deal of the Week: Office park defies odds

Jan. 24--Everson Developments has cleared a parcel of land along Interstate 45 near The Woodlands as the site of a product that may lose some luster this year: a spec office building. On behalf of a group of local investors, Everson Developments has started construction on the Havenwood Office Park, a 250,000-square-foot building at 25700 Interstate 45 North, between Woodlands Parkway and ...
01/24/2015BRIEF: El Paso's Jordan Foster Construction to build $70M credit union building in San Antonio

Jan. 24--Jordan Foster Construction, a large general contractor headquartered in El Paso, has been awarded a contract to build the approximately $70 million operations center in San Antonio for Security Service Credit Union, the company announced Friday. The 250,000 square-foot corporate facility will sit on the credit union's 66-acre campus. Construction is to begin in March and the facility ...
01/24/2015Deal of the Week: Office park under construction near Woodlands

Jan. 24--Everson Developments has cleared a parcel of land along Interstate 45 near The Woodlands as the site of a product that may lose some luster this year: a spec office building. On behalf of a group of local investors, Everson Developments has started construction on the Havenwood Office Park, a 250,000-square-foot building at 25700 Interstate 45 North, between Woodlands Parkway and ...
01/23/2015Metro considers how to use $39.9 million in unspent federal rail money

Jan. 23--Two new light rail lines remain on pace for an April opening, but Metro's intention to spend every cent of approved federal money likely will keep workers busy for months and possibly years along Houston tracks. The benefit for riders might be easier access to and from rail stations, additional parking or better stations and canopies to wait for the next train. "Here is a chance to go ...
01/22/2015D.R. Horton: Low oil prices hurting W. Texas home building

Jan. 22--FORT WORTH -- Sharply declining oil prices in the past few months are taking a toll on home building in West Texas, the chairman of the nation's largest home builder said Thursday. Speaking after the company's annual shareholders meeting in Fort Worth, Donald R. Horton, who founded D.R. Horton in 1991, said banks in Midland-Odessa have "backed off" the small home-building companies ...
01/21/2015Austin area's housing forecast: Continued growth ahead

Jan. 21--Another healthy year is in store for Central Texas housing market, with a local industry expert forecasting that builders will start more homes this year than last and that home-price appreciation will slow somewhat _ welcome news in a region facing a growing affordability issue. Those were among the predictions Eldon Rude made Tuesday at a 2015 housing forecast event at the Austin ...
01/21/2015Champions Park approved for north Arlington

Jan. 21--ARLINGTON -- A nearly $30 million mixed-use development project approved by City Council Tuesday is expected to bring new shops, bars and restaurants to north Arlington. Greenway Investment of Dallas plans to build Champions Park on 14 acres on the northeast corner of Collins Street and Interstate 30, a prominent corner of Arlington's entertainment district. The first phase is ...
01/21/2015Council discusses water project

Jan. 21--The Victoria City Council considered adding an aquifer storage and recovery project to a five-year capital improvement plan Tuesday. The project adds aquifer storage and recovery, or ASR, wells that would pull water the city already has rights to from the Guadalupe River. That water would then be treated using existing facilities to meet federal standards and stored 700 feet ...
01/21/2015City Council to consider a training center for airport construction workers

Jan. 21--The Houston Airport System wants to train more construction workers to help with the numerous projects planned for the city's airports in coming years. The City Council is poised to vote Wednesday on a proposal, that would cost about $7.1 million, to create a training center at Bush Intercontinental to "enhance the skill set" of employees working on airport construction projects. ...
01/20/2015Colleyville plans to repair worst roads

Jan. 20--COLLEYVILLE -- The city is planning to improve some of its worst roads this year. The City Council reviewed the city's current street infrastructure and plans for maintenance. Today, 10-percent of the city's roads are in poor condition, which means constant maintenance, poor riding experiences and more citizen complaints. City Engineer Jeremy Hutt said the plan is to improve the ...
01/20/2015BP faces largest ever water pollution fine for massive gulf oil spill

Jan. 20--The legal fallout from the worst offshore oil spill in U.S. history is scheduled to resume Tuesday morning in New Orleans federal court with a civil trial to determine the penalty to be levied against BP in the aftermath of the oil well explosion in the Gulf of Mexico. BP faces up to $13.7 billion in fines for violating the federal Clean Water Act, the largest such penalty ever sought ...
01/19/2015Homebuilding professionals honored at event

Jan. 19--Longtime professionals in the homebuilding industry were honored for their work Tuesday by the Tyler Area Builders Association. Ed Thompson, 52, developer and builder, received the Life Director Award after serving on TABA's board of directors for 10 years. Kerry Hamblett, who served as TABA's president in 2014, received the Builder of the Year Award. Max Anderson, who is serving as ...
01/18/2015Construction funding among top UTEP requests from Texas Legislature

Jan. 18--AUSTIN -- The University of Texas at El Paso is making some familiar requests from the current session of the Texas Legislature -- but it is hoping for a different result. Among the university's top priorities in the 140-day session is $111 million to replace Burges Hall and Barry Hall with an interdisciplinary research center. In a phone interview Friday, UTEP President Diana ...
01/16/2015Falling oil prices could slow Texas construction industry

Construction equipment manufacturer Caterpillar has already taken a hit from falling oil prices and a new report from the Washington Post cautions that the Texas construction industry might soon see a slowdown for the same reason. The Post reports that credit rating agency Fitch has said that the ongoing drop in oil prices could undo some of the income generated through “higher sales tax ...
01/16/2015Airport official in talks with state about expansion

Jan. 16--Not long after the completion of a $12 million airplane hangar expansion, the local airport is ready to grow again -- if it can secure some funding from the Texas Department of Transportation. "I'm going to visit with TxDOT airport planners the last week of this month to talk about that," airport manager Bruce McKenzie told a room of Kiwanis members at the group's regular meeting ...
01/15/2015Meacham Airport could see more hangar space, jobs

Jan. 15--FORT WORTH -- Meacham International Airport could add to its available hangar space and increase revenue with the planned closure of one of its four runways. The Aviation Advisory Board voted unanimously on Thursday to close runway 9/27 at Meacham International Airport and redevelop the area to create additional hangar space. The runway, which has been closed for about a year because ...
01/15/2015Low oil prices could bring office vacancies and job losses in Tarrant County

Jan. 15--FORT WORTH -- Tarrant County commercial real estate professionals are preparing for some office tenants to walk away from leases if oil prices continue to decline and companies lay off employees. "My concern is not for the large energy companies, it's for the mid-level upstream companies and the service companies," said David Walters an executive vice president in Jones Lang LaSalle's ...
01/15/2015Marathon runners find city not standing still

Jan. 15--Thousands of people are registered to run through the nation's busiest city for construction on Sunday. A skyline full of cranes will be on view for participants of the Chevron Houston Marathon to drive home the fact that building activity is brisk in Houston. Some 25,000 runners -- including 5,000 from out of town -- will get a look at office buildings, hotels and apartment towers in ...
01/14/2015Council OKs James Avery funding, tax abatements

Jan. 14--James Avery Craftsman will receive $1.2 million in 4B sales tax funding for a new $15 million manufacturing facility off Texas 27, as well as about $379,000 in property tax abatements over a five-year period. City council members voted unanimously for the two requests during their meeting Tuesday. The funding requests were recommended to the city council by the Kerrville Economic ...
01/13/2015BRIEF: Del Mar regents to talk improvement contracts

Jan. 13--CORPUS CHRISTI -- The Del Mar Board of Regents will meet Tuesday to hear updates on legislation and a forum that will be held for potential construction contractors. The forum is for architects, consultants, general contractors, engineers, subcontractors, equipment/supply vendors and interested community members to learn more about opportunities to bid on contracts from the $157 ...
01/13/2015Dallas industrial building construction nearly doubled in 2014

The Dallas-Fort Worth industrial market just closed its biggest construction year in more than a decade. At the end of 2014, 15.3 million square feet of warehouse space was being built in North Texas, says the latest report from commercial real estate firm JLL. That's up from 8.8 million square feet of building at the end of 2013 and just 1 million square feet of warehouse development at ...

Showing items 1 - 25
 
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