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Federal regulator moves closer to approving Brownsville LNG plant

One of three proposed projects to ship liquefied natural gas from the Port of Brownsville took a step forward in a federal review Friday, with regulators saying that most of the environmental harm caused by the facility's construction could be curtailed through a company-proposed mitigation strategy. The Federal Energy Regulatory Commission issued its final environmental impact statement for an LNG terminal to be run by Exelon Corp. (NYSE: EXC) subsidiary Annova LNG. Though the project stands to…

Industrial space net absorption triples during first quarter

2019 has started strong for the local industrial real estate market thanks to positive absorption and tightening vacancy.

USAA's profit declines in 2018 as revenue increases

USAA's profit declined from $2.4 billion in 2017 to less than $2.3 billion in 2018, despite generating more revenue last year. All of the San Antonio-based financial services giant's businesses generated $31.3 billion in total revenue during 2018, which is up from $30 billion a year before, according to the organization’s annual membership report. Of that figure, about $22 billion are from net insurance premiums. USAA’s syndicate of companies lost about $479 million from its investments over…

Alamo Bowl taps energy company CEO as new chairman

The Valero Alamo Bowl has tapped NuStar Energy LP President and CEO Brad Barron as its new chairman. Barron, who runs one of the nation’s largest liquids terminal and pipeline operators, was chair-elect for the 2018 Alamo Bowl. The game has received a significant boost from San Antonio-based Valero Energy Corp. since it secured title sponsorship of the event in 2007 — the same year Barron joined the Alamo Bowl board. Barron said the Alamo Bowl has become “one of the marquee bowl games in…

Rural utility hires ex-USDA official to lead legal department

A former top official at the U.S. Department of Agriculture has joined an area electric cooperative that supplies power to 30,000 Texas Hill Country residents. John Padalino provided outside legal services to Bandera Electric Cooperative, or BEC, for three years before being brought on full time last month as the company's general counsel and chief administrative officer. Padalino is the first person to serve in these roles for the co-op. “[John] understands the unique needs of our communities…

Dallas investor details renovations at Loop 410 office building

Besides its two local properties, the company also owns six other office buildings in the four major Texas metros and is developing a new tower in Dallas.

San Antonio's tech sector growing as Houston contracts

The local technology sector is expanding slower Dallas and Austin but faster than Houston.