The former Marathon Oil headquarters in Houston has been sold to MetroNational, concluding a significant chapter for the energy firm post-merger with ConocoPhillips. The sale reflects the ongoing evolution of Houston’s corporate real estate and broader restructuring in the oil industry.
3L Real Estate is set to convert One City Centre in Houston into residential and corporate suites with a $26.5 million investment, marking a significant adaptive reuse project amid rising office vacancies and steady urban housing demands.
BP announces 6,200 layoffs as part of a strategic shift to focus on traditional oil, moving away from renewables. The restructuring will affect its global operations, including Houston’s workforce, and aligns with cost reduction goals and new oil discoveries in Brazil.
Adom Industries plans a $229.2 million investment in North Texas for a new headquarters and semiconductor facility, enhancing the region’s tech landscape while contributing to economic and job growth.
Trinity Rail’s Longview facility will close, laying off 170 workers as part of industry-wide downsizing. This decision reflects broader freight sector trends amid declining demand and economic restructuring.
Experience a day in the life of Ope Amosu, founder of ChòpnBlọk, as he balances his roles as a restaurateur, husband, and father while advancing culinary experiences in Houston.
The former Piper’s Burgers location in Houston’s Heights neighborhood will soon host Spice Lane, an offshoot of Little Taco Shop, bringing renewed activity to the long-vacant space. This development reflects the expansion ambitions of Little Taco Shop as it revitalizes a notable local venue.
Terry Black’s Barbecue is expanding into Houston, with a new restaurant slated for completion by summer 2026 as part of a larger neighborhood revitalization project. Known for its authentic Central Texas barbecue, the family-run chain is also planning further expansions in San Antonio and Nashville.
Intel and IBM announce significant layoffs in Texas as part of operational consolidation, impacting nearly 200 jobs amid global restructuring efforts. Both companies are adapting to changing market conditions with strategic workforce reductions.
H Mart is planning a new $4.45 million store in Sugar Land, expanding its presence in the Houston suburbs. This development reflects the chain’s strategy to cater to the growing demand for Asian foods in diverse and burgeoning communities.