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Transatlantic law firm with Houston office plans merger

Paul Thompson — Wed, 11 Sep 2024 17:06:26 +0000

Once the combination takes effect in January, the blended law firm will have more than 1,300 attorneys in 37 offices across the U.S. and U.K.

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Texas tightens PFC regulations, preserving controversial incentives for affordable housing

Paul Thompson — Wed, 21 Jun 2023 12:22:33 +0000

The Texas Legislature has changed how public facility corporations, aka PFCs, can be used to incentivize workforce and affordable housing in the state. Some say the bill, which is now law, "effectively kills the program" while others worry about "oppor...

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Rare bipartisan coalition in Texas House OKs reform of controversial affordable housing incentives

Paul Thompson — Fri, 28 Apr 2023 21:19:25 +0000

It wasn't too long ago that public facility corporations were relatively unknown to Texas legislators, much less the public. But PFCs — which are used to incentivize the development of affordable housing — are now the talk of the real estate community,...

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Texas lawmakers want to crack down on ‘daisy chain of loopholes’ in controversial tax breaks

Paul Thompson — Fri, 07 Apr 2023 19:58:20 +0000

State lawmakers are grappling with the strategies employed by special districts to remove properties from the tax rolls for 75 years or more. Click through for the latest on the controversy and to read about the bills that are making their way through ...

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Is this controversial program a leech on public finances or a needed incentive for cheaper housing?

Paul Thompson — Fri, 07 Apr 2023 19:56:19 +0000

The tactics of public facility corporations have drawn the attention of the Texas Legislature: A handful of bills have been filed during this session to reform how PFCs operate. Houston-area Republican Gary Gates, the author of one such bill, has warne...

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Icon lands $57M NASA contract to build on moon

Paul Thompson — Thu, 01 Dec 2022 13:08:47 +0000

If Icon's partnership with NASA goes according to plan, the Austin-based 3D printing construction startup could have a hand in building humanity's first-ever construction on another planetary body.

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Icon lands $57M NASA contract to build on moon

Paul Thompson — Thu, 01 Dec 2022 13:08:47 +0000

If Icon's partnership with NASA goes according to plan, the Austin-based 3D printing construction startup could have a hand in building humanity's first-ever construction on another planetary body.

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Tesla plans more construction near gigafactory east of Austin

Paul Thompson — Mon, 18 Jul 2022 22:45:22 +0000

Elon Musk's Tesla has signaled it wants to build more near its huge factory in eastern Travis County. Musk's companies own more than 2,500 acres — that's more than five times the size of the University of Texas at Austin campus.

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As startups partied at SXSW, some of the VCs who fund them warn of coming turbulence

Paul Thompson — Mon, 28 Mar 2022 18:59:04 +0000

Venture capital firms were as abundant as ever at South by Southwest in Austin earlier this month, spending on parties and scouting panels and coffee shops for deals.

But amid the energy of a return to an in-person SXSW, many highly regarded figures f...

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Only 1 Houston-area co. named finalist in annual H-E-B product competition

Paul Thompson — Wed, 11 Aug 2021 23:31:29 +0000

There are 20 Texas companies competing in this annual contest held by H-E-B, including one from Houston. On the line: $70,000 in cash prizes and coveted shelf space at the grocery giant.

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Alamo Drafthouse emerges from bankruptcy with refreshed ambitions

Paul Thompson — Tue, 22 Jun 2021 12:46:56 +0000

Americans have spent more than a year home alone with unlimited viewing options, the digital world at their fingertips. But there's an emptiness to all of that possibility. What is an incredible artistic experience enjoyed in isolation? Might we all on...

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How the business community fared during 87th Texas Legislature

Paul Thompson — Fri, 04 Jun 2021 19:24:25 +0000

The 87th Texas Legislature began with a wave of uncertainty. Lawmakers faced a potential multibillion-dollar budget shortfall. The Covid-19 pandemic was still raging, and vaccines weren’t yet widely available. Lobbyists faced the prospect of having lim...

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ERCOT names Brad Jones as interim CEO

Paul Thompson — Tue, 27 Apr 2021 21:03:19 +0000

Industry veteran Brad Jones is taking over as interim president and CEO of the Electric Reliability Council of Texas, or ERCOT, after a tumultuous couple of months for the operator of 90% of Texas' power grid.

Jones will take over effective May 4. A r...

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3 ways to network at all-virtual SXSW 2021

Paul Thompson — Wed, 17 Mar 2021 00:43:29 +0000

SXSW 2021 is a brave new world — an all-digital affair that bears little resemblance to the weeks-long festivals of years past. But there are still multiple ways for attendees to make connections.

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Report: Torchy’s Tacos planning IPO with help of major banks

Paul Thompson — Tue, 16 Mar 2021 12:58:06 +0000

Torchy's Tacos could be looking at a $1 billion valuation through an initial public offering this year, according to a recent Bloomberg report. It would be the second Austin-based Tex-Mex chain to hit Wall Street.

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Alamo Drafthouse files for Chapter 11 bankruptcy, lines up sale

Paul Thompson — Wed, 03 Mar 2021 17:46:33 +0000

Austin-based theater chain Alamo Drafthouse filed for Chapter 11 bankruptcy protection March 3 as part of a sale to senior lenders. The company plans to continue operations at most of its theaters, though three locations will close permanently — includ...

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2021 Texas Legislature will be session unlike any other

Paul Thompson — Mon, 11 Jan 2021 13:54:06 +0000

“I cannot imagine sitting in a crowded hearing room like we used to do for hours on end, breathing that same air. There’s no way I would do that,” one lobbyist said. The new ways of working at the Capitol will mean new laws and regulations will be brok...

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Texas bars can reopen soon at 50% capacity, if counties allow it, Abbott says

Paul Thompson — Wed, 07 Oct 2020 21:24:30 +0000

Gov. Greg Abbott is allowing bars and night clubs to reopen Oct. 14 with up to 50% capacity — in counties where local officials allow it.

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World Class’ Nate Paul at center of allegations against Texas’ attorney general, reports say

Paul Thompson — Mon, 05 Oct 2020 13:43:43 +0000

Texas Attorney General Paxton is facing allegations of abuse of office, bribery and improper influence from seven top staffers, including First Assistant Attorney General Jeff Mateer, according to multiple news reports. Austin businessman Nate Paul is ...

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TikTok is in early stages of evaluating Austin for big office, sources say

Paul Thompson — Thu, 24 Sep 2020 19:44:15 +0000

Sources confirm social media company TikTok is evaluating Austin for a large corporate office, perhaps even its global headquarters.

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