THE TEXAS BRIEF
Texas business activity is currently being shaped by three converging forces: power infrastructure expansion, industrial capacity growth, and real estate repositioning. Rising electricity demand continues to influence decisions across the economy — from grid planning and equipment manufacturing to where large, power-intensive operations choose to locate.
Investment remains concentrated in industrial, logistics-linked, and consumer-facing development, reinforcing the state’s scale advantage and its role as a national growth engine. At the same time, real estate signals remain uneven: redevelopment and adaptive reuse are moving forward, while legacy office assets continue to face leasing and valuation pressure.
Across these dynamics, public-sector involvement is a recurring factor, shaping outcomes through incentives, financing structures, regulatory action, and infrastructure approvals. Taken together, the pattern points to an economy where capacity and execution — not demand — are increasingly the binding constraints.
TEXAS BUSINESS MOVES
Manufacturing & Industrial
Baer Manufacturing, an affiliate of Hunt Electric, is planning an expansion into Georgetown, initially leasing space while pursuing development of a larger, purpose-built factory. The move targets one of Central Texas’ fastest-growing manufacturing corridors north of Austin. → Link
Giga Energy is opening a 60,000-square-foot manufacturing facility in Houston focused on transformer production, addressing supply shortages tied to grid expansion, data centers, and power generation projects statewide. → Link
A 175-acre industrial park in Mission, developed by a Laredo-based firm, officially opened with a focus on cross-border logistics. The site is positioned near the expanded Anzalduas International Bridge, which recently added six commercial lanes. → Link
Energy & Infrastructure
Last Energy, an Austin-based nuclear startup, raised $100M to advance a small nuclear reactor pilot project in coordination with the U.S. Department of Energy and to expand its Texas operations. → Link
MPLX, a Marathon Petroleum–affiliated partnership, completed a nearly $2.4B acquisition of Houston-based Northwind Midstream, expanding its natural gas infrastructure footprint tied to Permian Basin production. → Link
Statewide transmission expansion efforts continue to face local resistance, including opposition to potential high-voltage power line routes near Dinosaur Valley State Park, underscoring the tension between energy growth and land-use concerns. → Link
Technology & Innovation
Creative 3D Technologies, known for its “factory-in-a-box” manufacturing model, is seeking incentives totaling at least $905,000 to relocate its headquarters and production operations from Austin to Cedar Park. Employee home-purchase incentives are also under consideration. → Link
Graylog, a Houston-based cybersecurity software company, hired a new CFO with private equity and venture-backed experience as it continues the rollout of AI-driven security products. → Link
Mark Cuban participated in a $4M investment in Orreco, an AI-enabled sports performance company focused on reducing injury risk among professional athletes. → Link
Real Estate & Development
Bellaire Market District in west Houston is now fully leased as developers prepare to break ground on a $40M expansion, including additional restaurant and retail concepts tied to the area’s Vietnamese business community. → Link
TRT Holdings, the Dallas-based family office behind Omni Hotels & Resorts, acquired a downtown Dallas office formerly occupied by D Magazine, continuing its selective office investment strategy. → Link
Two prominent office towers near Arlington’s entertainment district have lost roughly two-thirds of their value over six years, with occupancy falling near 40% and sale timelines pushed back. → Link
A long-vacant Galveston office tower, empty since the 1980s, is moving forward with plans to convert into a boutique hotel after multiple failed redevelopment attempts. → Link
Retail, Consumer & Services
Aritzia filed plans to open a second Dallas-area store at Galleria Dallas, expanding its North Texas footprint as part of broader U.S. growth. → Link
Trader Joe’s confirmed a new Bellaire store tied to the redevelopment of a long-standing neighborhood shopping center. → Link
Mi Cocina’s parent company submitted a bid to acquire bankrupt Texas-based Razzoo’s Cajun Cafe, signaling potential consolidation in the casual dining sector. → Link
Finance & Workforce
PennyMac opened the first phase of what will become its largest office hub in Carrollton, with plans to staff the facility with hundreds of employees as mortgage operations expand. → Link
ServisFirst Bank hired a Houston-based executive to lead its Texas expansion and plans to open a local office following earlier correspondent banking entry into the state. → Link
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