Weekly wrap: Read this week's top business news right here
San Antonio Business Journal
The San Antonio region's source for local business news & events. Part of the American City Business Journals network.
San Antonio Business Journal reporters shared a lot of major business news with readers this week, including: info on huge new housing development planned for the city's Far West Side; details on the acquisition of a major San Antonio-based public company; the skinny on a downtown investment opportunity; and the scoop on a visit from international investors. Read about these stories and more in this week's roundup.
800 acres
Houston commercial and residential developer Johnson Development Services has closed on 800 acres for a new housing community at Briggs Ranch on San Antonio's Far West Side. Read all about it in residential real estate reporter Ramzi Abou Ghalioum's recent report, right here.
On the market
A downtown riverfront property is up for grabs, according to a recent listing. Commercial real estate reporter James McCandless dives into the details of the sale in his recent article, here.
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International interest
Representatives of more than 20 Japanese companies considering potential international expansion are exploring opportunities to set up shop right here in San Antonio. In his recent article outlining the visit, senior reporter W. Scott Bailey explains what it means for the Alamo City. Read his story, here.
M&A
San Antonio-based public company NuStar Energy LP (NYSE: NS) announced Monday that it had come to an agreement with Dallas-based fuel distributor Sunoco LP (NYSE: SUN) for the latter to acquire the former. Energy reporter Zoe Gottlieb provides details on the multibillion-dollar deal and explains what it means for stockholders, here.
In Gottlieb's follow-up story, NuStar Energy's CEO says Sunoco will keep up NuStar's lease on its San Antonio headquarters building and won't lay off local staff for at least two years following the acquisition – which is likely to be the biggest deal of its kind in the San Antonio MSA for 2024 in spite of coming in the early months of the year.
Weekly wind-down
May as well start the weekend off with a bite! What better place to grab dinner than San Antonio, one of the world's few cities designated as a?Creative City of Gastronomy by the United Nations Educational, Scientific, and Cultural Organization, or UNESCO.
The local culinary scene is once again in the national limelight. Multiple local restaurants and chefs have been selected as candidates in their categories for the 2024 James Beard Foundation Awards. Find out who made the cut in retail reporter Jalen Lopez's most recent Restaurant Roundup, here.
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