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Affordable Luxury LARGEST MIDSTREAM COMPANIES 22 Affordable luxury Developer takes upscale design to affordable and mixed-income apartments. BACK PAGE, 43 JULY 21-27, 2017 • VOL. 48, NO. 11 • $6.00 LARGEST MIDSTREAM COMPANIES 22 COVER STORY American City Business Journals - Not for commercial use Three companies with large Houston footprints are investing this much in pipelines stemming from western Canada. Will we need them all? 19 GETTYIMAGES MONEY DEAL OF THE WEEK RESIDENTIAL REAL ESTATE Ch. 11 bankruptcies Wireless surge in Houston infrastructure More than 300 Ch. 11 bankruptcies have been filed in the Southern District co. speeds up of Texas as of June 30. Find out why. Following a multibillion-dollar buy, JACK WITTHAUS, 10 a Houston wireless infrastructure provider plans to double its fiber COMMERCIAL REAL ESTATE footprint. OLIVIA PULSINELLI, 4 This is what hotel RETAIL Inside Houston’s ENERGY investors want Slim Chickens to beef tallest townhome The improving energy scene is A Houston homebuilder dishes on BHP TALKS NEW DIGS, GULF piquing investor interest once again in up Houston presence what was involved in building the city’s Houston. CARA SMITH, 8 The chicken joint plans to double. tallest townhome. PAUL TAKAHASHI, 6 OPPORTUNITIES 23-25 OLIVIA PULSINELLI, 12 Breaking news online r HoustonBusinessJournal.com On smartphones and tablets HoustonBusinessJournal.com/apps Daily email updates L HoustonBusinessJournal.com/email 2 HOUSTON BUSINESS JOURNAL JULY 21-27, 2017 THE LOOP R PEOPLE IN THE ISSUE R WHAT’S GOING ON ABC JKL Alexander, Leslie .........3 Lau, Beth ..................19 HOUSTONBUSINESSJOURNAL.COM Anderson, Ian ...........20 Angelle, Evelyn .........26 MNO Auers, John ..............21 Marshall, David ...........6 Azar, Richard II ...........5 McKenzie, Megan ......12 Miller, Paul ...............21 The Rodeo’s new Baggett, David ............5 R July 28: Commercial property Mills, Dillon ................6 stage is shaped Begley, Terry ............10 owners, commercial property Mycoskie, Blake ........12 like a star. Bené, Tom ..................3 managers Brown, Jay .................4 PQR Cain, Chuck ..............12 Houston Business Journal Pappas, Andrew ..........8 publishes our popular DEF Pastor, Steve ......23, 24 business Lists almost weekly. Dalton, Clark ..............6 Peterson, Nick ............8 Email mwagner@bizjournals. DeLaney, Bill ...............3 Reyes, Chris ..............12 com, to be considered for The Devine, Elaine ...........12 Ruzinsky, Bruce ........10 Lists. Donaldson, Charley ...12 STU Dosch, Tim .................6 Swent, James .............5 Dosch, Tom.................6 American City Business Journals - Not for commercial use Taylor, Dean ...............5 Drisaldi, Robert ........12 Teague,Jim ...............27 DIGITAL NEWS East, Kingwood .........12 Thomas, Charles .........3 Ellis, Perry ................12 R Morning Edition: An VWXYZ email digest of top GHI Walker, Grant ............12 stories from local, Girling, Russ .............21 Yu, Michael .................8 regional and national sources. Gould, Andrew ..........26 Zemlak, Warren ........26 Guerrero, Eric .............8 R Afternoon Edition: Zieben, Lee ...............43 COURTESY Gupta, Arpan ..............6 Afternoon roundup Zolan, Matt ...............24 Hand, Becky ...............6 of the day’s stories. Hounsel, Ali ..............21 RODEO HOUSTON GIVES A FIRST LOOK OF ITS NEW STAGE R Energy Inc. Texas Edition: Hudson, Chris .............5 Monday email with all The Houston Livestock Show and Rodeo revealed new details and the first renderings of its of Texas’ top energy new rotating stage, which will be used in the 2018 season beginning Feb. 27. The rodeo hired R news. Pennsylvania-based Tait Towers to design and build the star-shaped stage, which will fold up COMPANIES IN THE ISSUE and unfold like a flower. R Digital Edition: Print The circular rotating performance area will be 48 feet in diameter, up from the 40- ABC PQR subscribers can access a foot diameter of the previous stage, which the rodeo had used for 30 years. The basic Androvett Legal ........10 Paragon Offshore ........5 digital replica of the performance area sits 7 feet off of the arena surface, and each of the five star points can Basintek .....................8 PNC Financial Services .. weekly print edition. Q be lowered to the arena surface or raised to create an elevated performance position. The BHP .........................23 10 points can be raised or lowered individually. The stage also will feature a 22-foot-tall, motion- BJ Services ...............26 Prologis......................8 controlled LED backdrop video screen and an automated positioning system. Carnegie Homes ..........6 Castle Hill Partners .....6 STU CBRE ..........................8 Slim Chickens ...........12 Simon Property Group 12 Crown Castle ..............4 R Sysco Corp..................3 CONTACT US DEF Tait Towers. ................2 Dosch Marshall Real TransCanada Corp.. ...19 Estate.......................6 Transwestern ............12 Enbridge Inc. ............19 Enterprise Products VWXYZ Partners LP .............26 Zieben Group ............43 MARKET PRESIDENT AND PUBLISHER: Bob Charlet 713-395-9604, [email protected] GHI GCI Construction .........8 EDITOR-IN-CHIEF: Giselle Rodriguez Greenwood 713-395-9628, [email protected] Houston Rockets .........3 MANAGING EDITOR: Emily Wilkinson JKL 713-395-9629, [email protected] Kinder Morgan ..........19 Korn Ferry ..................5 CREATIVE SERVICES DIRECTOR: George Wiltz 713-395-9624, [email protected] MNO (Always on.) ADVERTISING DIRECTOR: Greg Cox Mod Pizza .................12 713-395-9618, [email protected] NAI Partners ...............8 Opportune ..................5 EVENTS MANAGER: Aubrey Stuart 713-395-9613, [email protected] R CONTACT US FOLLOW US Followers on Twitter Make sure you’re following @HouBizJournal 61.2K @HOUBizJournal on Twitter, LinkedIn and Facebook for all your local business news. Houston Business Journal is a publication of: GOT A NEWS TIP? Likes on Facebook American City Business Journals, HoustonBusinessJournals 120 W. Morehead St., Charlotte, N.C. 28202 Put away that press release and pick up 16.7K Whitney Shaw, CEO; Ray Shaw, Chairman (1989-2009) the phone. Contact reporters directly, or email Managing Editor Emily Wilkinson [email protected] HOUSTON BUSINESS JOURNAL (ISSN 0277-4976) publishes Followers on LinkedIn weekly by American City Business Journals Inc. at 5444 Houston-Business-Journal Westheimer, Suite 1700, Houston, Texas 77056. Copyright SUBSCRIBE 8.6K 2017 Houston Business Journal with all rights reserved. Reproduction or use without permission of editorial or graphic Subscribe to HBJ’s print or digital content in any manner is prohibited. Periodicals postage paid at edition by calling 713-395-9647 or visit Houston, Texas. HoustonBusinessJournal.com/subscribe. SUBSCRIPTION PRICES: 1 year, $140 • Single copies, $6.00 • Back issues, $9.00 Mailed copies, $13.00 ADVERTISE POSTMASTER: Send address changes to Houston Business Join The Conversation Journal, 5444 Westheimer, Suite 1700, Houston, TX 77056. Get in front of the most influential business 713-688-8811 owners in Houston. Contact Greg Cox at *Numbers as of press time [email protected] for rates. JULY 21-27, 2017 HOUSTON BUSINESS JOURNAL 3 THE LOOP R NEWS YOU CAN USE IT’S OFFICIAL: IN-N-OUT TO ENTER HOUSTON In-N-Out Burger, an Irvine, California-based burger chain, has bought land near Tanglewood on Westheimer Road, according to city of Houston documents. The company closed on a plot of land at 8373 Westheimer Rd., near the intersection of Westheimer and Voss Road. City records indicate that In- N-Out Burger closed on the land in May. The seller was BK Westheimer Ltd., which has owned the land since 2014, according to the Harris County American CityPATRICK Business T. FALLON/BLOOMBERG Journals - Not for commercial use Appraisal District. The land was appraised at $3.5 million in 2017, up from $2.8 million in 2016, according to HCAD. The tract of land at 8373 Westheimer is roughly 1.3 acres and is near a Krispy Kreme storefront at 8611 Westheimer that opened in late 2015. CORPORATE POLITICS Managing Your Career with Effective Communication R OVERHEARD The C. T. Bauer College of Business Executive Education Program’s insightful 2-day session will provide participants key strategies and methods to understand how they communicate, navigate the world of “I’ve made this decision after politics, while providing the opportunity to create an impactful personal brand and career plan that leads to success. much deliberation with my September 7–8, 2017 | 8:30 a.m.–5:30 p.m. family and friends, and do Register now at bauer.uh.edu/exec so knowing the franchise C. T. Bauer College of Business is an AACSB accredited business school. is in great shape with The University of Houston is an EEO/ AA institution. the players, coaches and management team in place.” LESLIE ALEXANDER, 73, owner of the Houston Rockets, said in a statement about putting the NBA team up for sale. Alexander bought the team for $85 million from Charles Thomas in July 1993 before the 1993-1994 season. In February, Forbes ranked the Rockets No. 8 among the most-valuable teams in the NBA. The Rockets’ value grew 10 percent over the prior year to $1.65 billion, per Forbes. Alexander’s net worth was $1.9 billion as of March, according to Forbes, and he is selling the team to focus on his passions, including philanthropy and family. R EXECS ON THE MOVE JOIN US FOR A SMART SERIES SEMINAR ON
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