Houston's economic diversity Thread .. (Austin, Sugar Land: lease, lawyers, purchase)

[Jack Lance]

Texas Monthly’ Has a New Owner
Paul Hobby, who runs the Houston-based private equity firm Genesis Park, takes the reins of the venerable publication.

Nearly two months ago, Emmis Communications, the Indianapolis-based company that owns Texas Monthly, announced that it was putting the title up for sale. Today we learned that the new owner is a Texan whose name will be familiar to our readers (and anyone who has flown out of Houston). Paul Hobby, whose grandfather was once the state’s governor and whose father was once the lieutenant governor, has purchased the magazine through his firm, Genesis Park.
For more information, read the full release below:
Emmis Communications Corporation (Nasdaq: EMMS) today announced the signing of an agreement to sell the assets of Texas Monthly to an affiliate of Genesis Park, LP, a partnership founded by Paul Hobby, for $25 million, subject to working capital adjustments.
The nationally recognized authority on life in the state of Texas, Texas Monthly has won 13 National Magazine Awards and has chronicled life in contemporary Texas since 1973.


Genesis Park is a regional private equity firm that has built successful communications and technology businesses in Texas for many years. Examples include CapRock Services, Alpheus Communications and Vivante GMP.


'Texas Monthly' Has a New Owner

[Jack Lance]

Corporate law partners in city average $1.06 million a year


“A large number of very profitable national law firms opened shop in Houston during the past few years, and it has caused a jolt in the market,” said Jeffrey Lowe, managing partner in Major, Lindsey & Africa’s Washington office and author of the study.
Since 2010, several elite national law firms, such as Latham & Watkins, Kirkland & Ellis, Simpson Thatcher and Winston & Strawn, have opened branch offices in Houston.


https://www.pressreader.com/usa/hous...81977492141668

[radiolibre99]

Legal field improving in Houston? That's my field. Sweet

[Jack Lance]

Strings attached

Being tethered helps new drone stay in control as officials see it demonstrated at Houston Spaceport

• Houston Chronicle
• 18 Oct 2016
• By Andrea Rumbaugh

Brett Coomer / Houston ChronicleA tethered drone takes flight Monday at the Houston Spaceport. It captured video of vessels and automobiles.

SIX propellers roared to life and the drone, without direct pilot guidance, climbed to some 400 feet to capture video of vessels on the Houston Ship Channel and vehicles on Interstate 45. The footage was streamed live to observers’ smartphones and a monitor below.

GPS ensured the drone stayed within a 30-foot radius of its starting point, and a tether provided power that could have kept it hovering indefinitely while also ensuring the secure transmission of data. One pilot used a video game controller to direct the camera and another used computer software to determine the drone’s height.But largely, the drone flew itself and automatically compensated for wind, altitude changes and camera motion.

“There’s nothing like seeing it with your own eyes,” said Tim Crain, vice president of research and development for Intuitive Machines, an engineering think tank that studies the intersection of aerospace, energy and medicine.

Monday was the first time Intuitive Machines demonstrated its new tethered drone technology. The company is marketing the drones for a variety of uses, such as monitoring security at public events, surveying refineries for damage, helping firefighters assess a burning house, and providing Wi-Fi and cellphone service after a major disaster.

The demonstration was given from its new location at the Houston Spaceport, where Intuitive Machines is the first tenant in a building that, ideally, will help develop a cluster of aerospace companies near the spaceport.

https://www.pressreader.com/usa/hous...81913067639474

[Jack Lance]

Johnson & Johnson, Texas Medical Center join forces to develop medical devices in Houston

By Mike D. Smith




Johnson & Johnson Innovation announced Tuesday that it has created the Center for Device Innovation at Texas Medical Center to speed up development of "breakthrough" medical devices.

CDI will consist of a new medical device engineering studio with a staff of researchers and developers, and will have access to preclinical facilities at the Baylor College of Medicine, Houston Methodist Research Institute and Texas Heart Institute, according to a statement from Johnson & Johnson.


The goal is to more quickly move new medical technology development from concept to reality and commercialization

Johnson & Johnson, Texas Medical Center join forces to develop medical devices in Houston - Houston Chronicle

[Yellow pool of piddle]

I think the reason so many are investing in Houston today is because of the expansion of the Panama canal. Yet, most of the containers that will be imported into the port of Houston from Asia are going to be exported going back empty. Sorry, I just don't see how this is going to be beneficial. It would seem the ports along the west coast are more beneficial as those containers are more likely to be exported filled up.

[DabOnEm]

Originally Posted by Yellow pool of piddle

I think the reason so many are investing in Houston today is because of the expansion of the Panama canal. Yet, most of the containers that will be imported into the port of Houston from Asia are going to be exported going back empty. Sorry, I just don't see how this is going to be beneficial. It would seem the ports along the west coast are more beneficial as those containers are more likely to be exported filled up.

They're also really investing in Houston because there are a lot of smart engineers here who have dealt with the makings of robotics that do all kinds of things like drilling miles into the earth. So maybe they can come up with some neat and efficient medical devices.

[Yellow pool of piddle]

Originally Posted by DabOnEm

They're also really investing in Houston because there are a lot of smart engineers here who have dealt with the makings of robotics that do all kinds of things like drilling miles into the earth. So maybe they can come up with some neat and efficient medical devices.

So, you do see the point then? Containers don't hold oil. Rubber is already shipped in containers though. I hauled that stuff all over the insanity that is the ports of the Gulf Coast. I think people are investing in magic dust here than thought out stuff. It is difficult imagining what is about to happen after the expanding of the Panama Canal.

I have a story for you.

Anheiser Busch in Houston would try sticking all their beer into the port of Houston. They could never do it!! So what did they have to do? They had to truck 200 loads to a port in Lake Charles, La. Get this. At times they had to truck beer to New Orleans racing a ship. That ship was the same ship the fail to load onto the port of Houston.

And why couldn't they put those loads on the ship in Houston?

The Union.

lol

A lot more goes into shipping costs than the distances between point A and Point B.

[Jack Lance]

Get your Beef Jerky from a local company. Houston could become the Jerky capital of the world as well!

A Houston-area beef jerky enterprise that was among the earliest online retailers and has grown into an international business now has new ownership.
Aman Dhuka, Roger Janik and Mark Martin have purchased Beefjerky.com. The entrepreneurs said they plan to re-brand, relaunch and expand the business, boosting market share increasing distribution and by adding more flavors and "exotic" jerkies including alligator, buffalo and elk.

"Sales of meat snacks are more than a billion dollars a year and have been led by only a few very large companies like Jack Links, Oberto and Slim Jim," Janik said in a statement. "We will go head-to-head with brands like Jack Links and aggressively take on the beef jerky goliaths."

Group of Houston entrepreneurs purchases BeefJerky.com - Houston Chronicle

[JoninATX]

United breaks ground on $162 million maintenance project

By Andrea Rumbaugh
October 25, 2016

United Airlines began work on an expanded maintenance facility at Bush Intercontinental Airport on Tuesday, promising about 200 new permanent jobs while emphasizing its commitment to the Houston hub.

United breaks ground on $162 million maintenance project - Houston Chronicle