Economic Slowdown in Texas Triggers Job Growth and Construction Declines
News Summary Texas is currently experiencing a significant economic slowdown impacting job growth and causing declines in the construction sector, according to the Federal Reserve Bank of Dallas. Construction contract values have dropped by nearly 30 percent since January, raising concerns among business leaders. This downturn is largely attributed to rising tariffs, increasing material costs, […]
esVolta Launches Texas Battery Energy Storage Portfolio
News Summary esVolta, LP has unveiled three new battery storage projects in Texas, set to enhance grid reliability by providing nearly 1 GWh of annual energy storage and contributing 490 MW of peak power capacity. These projects are a vital part of the state’s push to manage rising electric demand and improve infrastructure, aiming to […]
Texas Launches Construction of Lubbock Psychiatric Center
News Summary Texas has embarked on the construction of a new Lubbock Psychiatric Center with a $121 million investment aimed at enhancing mental health services in the region. This facility is part of a larger commitment by the state to improve mental health care access, offering comprehensive services for various patient populations. Scheduled to open […]
Northmarq Secures $37 Million Construction Loan in Texas
News Summary Northmarq has arranged a $37 million construction loan for the 300-unit Territory at Audubon multifamily development in Magnolia, Texas. This project, set on 11.6 acres, aims to address the growing housing needs in the area. With various community amenities including a clubhouse and fitness center, the development is a response to population growth, […]
Expo Contratista: A Premier Event for Hispanic Contractors
News Summary Expo Contratista 2025 is the premier national trade show for Hispanic contractors in the U.S., taking place at the Irving Convention Center in Dallas. This event will connect thousands of contractors and industry leaders, showcasing innovative tools and technologies aimed at enhancing efficiency and organization. With an expected attendance of over 250 exhibitors, […]
Construction of New Hyatt Studios Hotel in Brownsville
News Summary A new Hyatt Studios hotel is set to be constructed in Brownsville, Texas, starting in October 2023, with completion anticipated by December 2026. The $13.5 million project, covering over 10 acres near the SpaceX Starbase, will feature 120 rooms designed for extended stays. This development marks a significant boost to local tourism, offering […]
esVolta and B2U Launch Battery Storage Projects in Texas
News Summary esVolta and B2U Storage Solutions have announced significant battery storage initiatives in Texas, enhancing grid reliability with a combined energy capacity of almost 1 GWh. esVolta’s projects include Desert Willow, Anole, and Burksol, while B2U is focusing on repurposing EV batteries for a second-life project. These initiatives aim to stabilize the ERCOT grid […]
Texas Breaks Ground on New Lubbock Psychiatric Center
News Summary The State of Texas has commenced the construction of the Lubbock Psychiatric Center, a $121 million facility aimed at improving mental health services. The center will feature 50 beds and provide specialized treatment for individuals facing serious mental health challenges. Managed by the Texas Health and Human Services Commission, this endeavor is part […]
Enbridge Initiates $900 Million Solar Project in Texas
News Summary Enbridge has begun the development of the $900 million Clear Fork solar project in Texas, expected to generate 600 megawatts of renewable energy by 2027. Located near San Antonio, the project supports Meta Platforms’ data center operations. Once operational, it will enhance Enbridge’s cash flow and align with the growing demand for renewable […]
Construction Milestone Achieved for University Health Palo Alto Hospital
News Summary The University Health Palo Alto Hospital project in San Antonio has officially completed its vertical structure, marking a significant milestone with a $550 million investment in healthcare. This joint effort, led by Turner Construction and local firms, aims to enhance medical services in the rapidly growing Bexar County. Scheduled to open in 2027, […]