Final phase complete at Bay Area Business Park
Stream Realty Partners completed the 3.3 million-square-foot Bay Area Business Park near Port Houston on behalf of owner Principal Real Estate Investors.
The project, developed in three phases beginning in 2007, is on 232 acres near Red Bluff Road and Bay Area Boulevard. The final three speculative buildings, totaling 1.3 million square feet, where completed in June. Phase Three was about 20 percent preleased prior to completion.
Stream has overseen the development, leasing and property management of Bay Area Business Park since 2007. Phase One consisted of three buildings totaling 1.2 million square feet. Phase Two has four buildings totaling 850,000 square feet.
API reveals new logo rebranding
The American Petroleum Institute, the trade association representing the nation’s oil and gas industry, unveiled a new blue, red and gray logo last week.
The new logo, which features the initials API in blue and red with a gray curved stripe running through the letters, also drops the word “energy.”
API said in a tweet that its new logo “reflects the industry’s growth and showcases the modern, futurefocused, collaborative, problem solving and nonpartisan nature of our work.”
Houston-based Chemical Data sold
ICIS, part of RELX, has acquired Houston-based Chemical Data LLC, a provider of U.S. petrochemical price benchmarks, market analysis and predictive analytics.
Chemical Data was founded in 1979 to provide analyses and forecasts of the U.S. petroleum, petrochemical and plastics markets. ICIS provides independent commodity intelligence services for the global energy, petrochemical and fertilizer industries.
Chemical Data clients include investment, energy, oil, chemical and consumer product companies as well as plastics converters and plastics consumers.
Westlake Chemical subsidiary probed
Westlake Chemical Corp. confirmed that a subsidiary has been named in a European Commission decision regarding certain anticompetitive practices in the purchasing of ethylene prior to 2017.
The practices were uncovered as a result of Westlake’s internal compliance program and the company disclosed the practices to the EC and fully cooperated with the related investigation. Based on the company’s voluntary notification and cooperation, the EC granted Westlake immunity from fines.