Business

 

 

JLL Bolsters Expanding Food & Beverage Advisory Team

JLL has appointed industry specialist Brian Adams as a senior vice president in its retail division in Dallas, further expanding its growing food and beverage advisory team.

Adams brings over 25 years of experience advising food and beverage clients. He joins the team led by Naveen Jaggi, president of JLL’s retail advisory services, which includes Emily Durham and Rachael Keener leading efforts in Houston and Austin McWilliams in Austin....

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BioNTX Strengthens Board With Biotech Veteran Jon Weidanz

BioNTX, a leading nonprofit bioscience and healthcare innovation organization in North Texas, has appointed Jon Weidanz to its board of directors. Weidanz brings extensive experience as an immunology researcher, academic leader, biotech entrepreneur, and founder....

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Siemens To Invest $150M in New Electrical Equipment Plant in Fort Worth To Help Meet AI-Driven Data Center Growth
by | Nov 3, 2023
Munich, Germany-based Siemens is also investing in an electrical products manufacturing plant in Grand Prairie, as part of a $510 million overall investment in U.S. manufacturing for critical infrastructure in 2023.
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The Last Word: JPMorgan Chase’s Jamie Dimon on Business-Friendly Texas
by | Nov 3, 2023
The "Chase for Business Make Your Move Summit" at the Omni PGA Frisco Resort had its share of seat-filling speakers Wednesday through Friday, including Matthew McConaughey and Mark Cuban, along with sports stars Emmitt Smith and Sheryl Swoopes. But Jamie Dimon spoke at the summit with a rock star status of his own—and a national profile so exalted, he recently had to deny he's running for president in 2024. 
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TGI Fridays Gets Its Third CEO This Year: Former Dunkin’, Subway Exec Is at the Helm

by | Nov 2, 2023
It’s the second CEO announcement for Dallas-based TGI Fridays in two months. The casual dining brand announced the replacement of Brandon Coleman, who resigned for personal reasons, with a longtime board member and restaurant industry veteran.
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Six Flags, Cedar Fair Agree to $8B Merger of Theme Park Industry Giants
by | Nov 2, 2023
The combined company will be headquartered in Charlotte, North Carolina, and operate under the Six Flags name. Six Flags Entertainment is the operator of Six Flags Over Texas in Arlington, where the company's current HQ is located. The combined company will boast 27 amusement parks, 15 water parks, and 9 resorts, plus pop-culture IP, safari parks, and more.
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The Last Word: Texas Rangers GM Chris Young’s January Mission For His Team
by | Nov 2, 2023
All of North Texas has been going bonkers since the Texas Rangers won the 2023 World Series last night, defeating the Arizona Diamondbacks 5-0 and snagging the series with four wins against only one loss. Way back in January, GM Chris Young told the Dallas Regional Chamber that this was the team's goal.
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Dallas-Based Invited Sells Its BigShots Golf Business to Topgolf Callaway for $29M
by | Nov 2, 2023
Five years after acquiring BigShots Golf, Invited is stepping away from golf entertainment venues to "laser focus" on its nation-leading portfolio of private golf and country clubs, stadium clubs, and business clubs. Invited says its deal with Topgolf Callaway Brands has "just scratched the surface" of synergies the two aim to jointly pursue.
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Months After Relocating to Dallas, Landsea Homes Acquires Colorado Homebuilder

by | Nov 1, 2023

Landsea Homes Corp., which relocated its headquarters earlier this year from California to Dallas, announced in October it has acquired the assets and lot inventory of Richfield Homes, making its entry into the Colorado market.

“We are very excited about this transaction, as it provides Landsea with a unique opportunity to establish a presence in one of the best housing markets in the country,” Landsea CEO John Ho said in a statement....

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Align Capital Partners Acquires New York-Based Legal Services Firm Counsel Press
by | Nov 1, 2023

Dallas-based Align Capital Partners has acquired New York-based Counsel Press Inc., a national, tech-enabled legal process outsourcing provider focused on appellate services, from Gladstone Investment Corp, the company announced in October.

Align Capital Partners (ACP) said the acquisition offers a compelling opportunity to partner with the company’s existing management team and support important growth initiatives with the shared vision of building a diversified legal services platform....

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Lennox Completes Acquisition of AES to Bolster Company Growth
by | Nov 1, 2023

Richardson-based Lennox, a leader in energy-efficient climate-control solutions, completed the acquisition of Virginia-based AES, a company dedicated to service and sustainability in the light commercial market, the company announced in October....

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Plano’s Tyler Technologies Acquires ARInspect and ResourceX
by | Nov 1, 2023
ARInspect is a Fairfax, Virginia-based provider of AI-powered machine learning solutions for public sector field operations. ResourceX is a leader in providing priority-based budgeting software to the public sector to address challenges faced in traditional budgeting processes.
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Aurora Opens Driverless Truck Terminal in Houston to Bookend Its I-45 South Dallas Terminal

by | Nov 1, 2023
Aurora Innovation—which aims to begin rolling totally human-free trucks between Dallas and Houston by late 2024—said nearly half of all truck freight in Texas moves along I-45 between Dallas and Houston, making the corridor an ideal route for Aurora’s commercial launch.
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Caterpillar Partners on Self-Driving Haul Trucks at Arizona Copper Mine
by | Nov 1, 2023
Freeport-McMoRan's Bagdad Mine in Arizona represents one of the largest copper reserves on earth. The company will work with Caterpillar to convert its Bagdad fleet of 33 massive Cat 793 haul trucks to an autonomous haulage system using Cat MineStar Command for hauling.
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Plano-Based Frito-Lay Launches ‘Crunch-Cancelling’ AI Tech for Chip-Chomping PC Gamers
by | Nov 1, 2023
The new noise-cancelling software solution—called Doritos Silent—"lets PC gamers enjoy their favorite chips without distracting other players," Frito-Lay says. An AI model was trained to recognize "more than 5,000 different crunch sounds" to help achieve the breakthrough.
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The Last Word: Gov. Abbott On Why Texas Ranks No. 1 for ‘Top State Business Climate’ in 2023
by | Nov 1, 2023
Texas just topped Site Selection’s annual ranking of state business climates. The state, typically in the top five business climate rankings, placed No. 3 last year. The No. 1 ranking follows another recent win—Texas won the publication's Governor's Cup for total capital investment projects for the 11th straight year in March.
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