COVID Fuels Galveston Real Estate Boom

The COVID pandemic is fueling a coastal real estate boom, despite the occasional — or even somewhat regular — hurricane and tropical storm. Sales of homes on the historic East End of Galveston were up 32 percent from June through September, compared with the same period last year, according to data from the Houston Association […]

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Pilot LNG and GAC Bunker Fuels partner to supply LNG Marine Fuel from Galveston

Texas-based Pilot LNG, LLC (Pilot) has laid the foundation for a partnership with GAC Bunker Fuels (GAC) for the supply of Liquefied Natural Gas (LNG) as a marine fuel from its proposed Galveston LNG Bunker Port terminal project on Pelican Island, which will be the first dedicated LNG bunker terminal in the region. The two […]

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Texas A&M-Galveston To Open Sea Turtle Hospital

Texas A&M University at Galveston’s Gulf Center for Sea Turtle Research plans to open a short-term sea turtle hospital on campus later this fall. Due to the closing of the National Oceanic and Atmospheric Administration (NOAA) Fisheries’ longtime Galveston Laboratory sea turtle facility, the  Gulf Center for Sea Turtle Research has taken the lead for responding […]

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Developer Buys Vacant Sears Building in Texas City, Building World’s Largest World Gym

Friendswood attorney and developer Jerome Karam continues adding to his ever-growing real estate holdings in Texas City, this week finalizing acquisition of the vacant Sears building at 10000 Emmett F. Lowry Expressway in what’s now known as Mainland City Centre. With the acquisition, Karam owns 758,000 square feet of property in Texas City alone. So, […]

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Oyster Mariculture Program Launches in Texas

The State of Texas this month launched the oyster mariculture (aquaculture in the ocean) industry, providing an opportunity for significant economic activity along Galveston County, the Gulf Coast, Coastal Bend, and across the state. The new industry along the Texas coast allows people to lease public waters to grow and harvest oysters commercially. Texas had […]

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Bay Area Hot Projects – August 2020

The Bay Area Houston Economic Partnership publishes its Hot Projects multiple times per year. The August 2020 edition is below. To download a PDF version, click here.  Major Industrial Investments NextDecade, based in Houston, is proposing to build a $6 billion LNG export facility on Pelican Island. Kemah 30 acres – Galveston Bay Foundation plans on-site […]

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Galveston Area Officials Considering Ways to Locally Fund Coastal Texas Study

As a decade-long study of how to protect the Texas Gulf Coast from storm damage nears its end, local officials are now considering ways to fund locally what could be a $23 billion-$32 billion federal project. State Sen. Larry Taylor, R-Friendswood; Col. Len Waterworth, executive professor at Texas A&M University at Galveston; and Morgan’s Point […]

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Houston/Galveston Tech Companies Have Raised Over $466M So Far This Year

This year might be a wash for a lot of things, but according to a new fundraising report from Houston Exponential, the Bayou City has seen an increase in funding this year compared to 2019. The HTX Funding Review found that Houston startups raised $466.33 million across 46 deals between January and July — compared […]

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I-45 Expansion Continues South in Galveston County

The freeway expansion represents a $900 million dollar investment in the county’s regional transportation network. “The long-running joke that TxDOT never stopped building Interstate 45 will live on a few more years as state officials this week issued construction contracts to widen the freeway toward Galveston Island.” When the project is finished, the freeway from […]

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