Mitchell Parton - HoustonNewMedia.org

Office building home to HQs of Chuck E. Cheese, Pei Wei finds buyer in bankruptcy court

Mitchell Parton — Mon, 18 Dec 2023 13:12:33 +0000

It appears the pending buyer got a bargain, with a bid of a little more than half what the property was valued at by Dallas Central Appraisal District. Learn more about the deal in this story and check out DBJ's list of the biggest North Texas commerci...

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Retail giant Costco to buy Dallas office tower for $14M

Mitchell Parton — Wed, 06 Dec 2023 17:20:45 +0000

The national retail giant made an unusual play in the Dallas office market. The property was purchased at auction after the building's owner filed for bankruptcy protection. Click through for more details about the transaction and speculation about wha...

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Dallas office tower owned by Houston REITs avoids foreclosure auction with Ch. 11 bankruptcy

Mitchell Parton — Wed, 06 Dec 2023 13:59:33 +0000

A 12-story Dallas office building owned by two Houston-based REITs was headed for auction, but now its future is in the hands of a bankruptcy court judge. Click through to read the latest and to get more info on a dispute between the two companies that...

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Texas Live developer calls resort casino concept a ‘winning formula’ as Mark Cuban pitches one for Dallas

Mitchell Parton — Mon, 04 Dec 2023 17:24:06 +0000

The Dallas Business Journal asked the leader of the development firm behind Texas Live what he thinks of Mark Cuban's idea of a resort casino in North Texas. Click through to hear from David Cordish, chairman and CEO of Cordish Cos., and check out Cuba...

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H-E-B’s Scott McClelland on retirement: ‘Enjoyed every minute of’ 31-year career with grocer

Mitchell Parton — Thu, 20 Jan 2022 14:01:08 +0000

Scott McClelland, president of food and drug stores for San Antonio-based H-E-B LP, plans to step down at the end of this year after more than 30 years with the company.

McClelland has worked for H-E-B since 1990, serving as president of the grocer's ...

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Houston firm buys 2 buildings leased by global health care firms

Mitchell Parton — Tue, 21 Dec 2021 13:24:06 +0000

A local developer is expanding its San Antonio portfolio to invest in properties housing life-sciences giants.

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Houston’s median home price surpassed by San Antonio

Mitchell Parton — Mon, 22 Nov 2021 13:18:50 +0000

Houston's median sale price is now the lowest of the major Texas metro areas.

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Taco Cabana could go national under new owner

Mitchell Parton — Wed, 07 Jul 2021 11:30:00 +0000

One of Texas' most well-known chains could make a leap outside of the Lone Star State after it's purchased by a large California restaurant operator later this year.

Anil Yadav, CEO of Fremont, California-based Yadav Enterprises Inc., said he could se...

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California restaurant operator to buy Taco Cabana for $85M

Mitchell Parton — Thu, 01 Jul 2021 19:33:11 +0000

San Antonio-based Taco Cabana will be sold to a large restaurant operator, its Dallas-based parent company announced July 1.

An affiliate of Fremont, California-based Yadav Enterprises Inc. entered into a stock purchase agreement with Taco Cabana pare...

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Lumber costs are easing — but still causing headaches for builders

Mitchell Parton — Mon, 28 Jun 2021 19:21:52 +0000

While lumber prices have dropped from all-time highs, they are still are more than double what they were a year ago and joined by other rising costs across the board for builders.

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Midway and GrayStreet’s Lone Star redevelopment gets $24M incentive package

Mitchell Parton — Fri, 21 May 2021 19:54:24 +0000

The total cost of development will be about $596 million and is expected to create an assessed value of about $709 million, according to the city.

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Sale of San Antonio’s The Rim marks largest such deal in U.S. this year, JLL says

Mitchell Parton — Wed, 19 May 2021 13:05:27 +0000

A North Carolina firm's acquisition of The Rim in San Antonio was the largest trade of an open-air shopping center in square footage in the U.S. this year so far, according to JLL. And the deal has some Houston ties.

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Frost Bank plans major expansion in Dallas after success in Houston

Mitchell Parton — Fri, 30 Apr 2021 18:12:52 +0000

Frost opened the 23rd of its 25 new Houston financial centers in April, and the Houston push is set to wrap up over the coming weeks with the launch of the final two locations.

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Old Country Buffet, Ryan’s, HomeTown Buffet owners declare bankruptcy

Mitchell Parton — Thu, 22 Apr 2021 12:47:58 +0000

More than a dozen entities affiliated with a San Antonio restaurant operator have filed for bankruptcy protection, and the "vast majority" of locations its classic buffet chains will remain closed, with only one brand expected to relaunch.

Fresh Acqui...

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Midway, GrayStreet plan ‘lifestyle destination’ at former Lone Star Brewery in San Antonio

Mitchell Parton — Mon, 08 Mar 2021 13:26:36 +0000

Real estate developers from Houston and San Antonio revealed plans for the former Lone Star Brewery site in San Antonio, aiming to create what a "lifestyle destination."

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4 things business owners need to do immediately when filing storm-related insurance claims

Mitchell Parton — Mon, 22 Feb 2021 13:31:55 +0000

Here is what insurance experts say business owners need to do immediately when they encounter property damage.

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USAA sees more than 10,000 insurance claims due to winter weather; majority are in Texas

Mitchell Parton — Thu, 18 Feb 2021 13:28:58 +0000

"What we're obviously seeing is water freezing claims that are coming in. We've not seen the worst of it yet," said Elizabeth Gullick, vice president of catastrophe operations for USAA.

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Houston’s housing market gained $42B in value last year, Zillow report finds

Mitchell Parton — Mon, 01 Feb 2021 20:33:37 +0000

The Houston area's housing market gained $42 billion in value last year, according to a recent report from Zillow Group Inc.

Homes across the region are now worth a total of $533 billion, the homebuying platform found.

Texas has the fourth most val...

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PPP 2021: Here’s what you need to know about the new round of loans — and how to get a second

Mitchell Parton — Fri, 15 Jan 2021 14:45:32 +0000

For the first time, some businesses will be able to get a second loan.

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USAA Real Estate sells massive industrial portfolio, including Houston buildings

Mitchell Parton — Wed, 13 Jan 2021 13:22:20 +0000

USAA Real Estate has sold more than 4 million square feet of industrial property across nine major markets, including Houston.

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