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Environmental cleanups financed with forgotten insurance policy coverage Companies facing environmental cleanup may have an unexplored option to help finance the gargantuan task - old insurance policies. Houston-based Risk International [...]

Ex-councilman blocks up real estate for potential retail, sports development Former City Council member Louis Macey has been quietly blocking up downtown land east of U.S. Highway 59, with Enron [...]

John Cryer buys into that old adage that necessity is the mother of invention. The discreet yet driving force in the Houston office of PageSoutherlandPage, Texas' oldest architecture and engineering [...]

Julie Greenwood and Linda King have more in common than their chic-in-black outfits and a thriving business selling top-echelon homes. Both originally hail from small Texas towns and both have [...]

Under David Gockley's leadership, Houston Grand Opera has been hitting high notes for 25 years After 25 years as general director of Houston Grand Opera, David Gockley's artistic presence in [...]

The clock is ticking. In little more than 18 months, the Year 2000 will arrive. And while apocalyptic tales of business grinding to a halt and deep recessions hitting may [...]

If you build it Downtown, they will come. But build what? Which had to come first, residents with full pockets or retailers to help them unload? For years now, Houstonians [...]

After two years of declining values, the rich finally got richer. On this, "Forbes" magazine's 21st annual edition of "The Forbes 400," the aggregate net worth of the nation's wealthiest 400 citizens leapt 10% in the past year, to $955 billion -- just one Bill Gates away from $1 trillion. Leading the charge: Internet stocks. A rising price of admission -- $600 million -- pushed 20 members off the list, including wrestling's Vince McMahon and Global Crossing's Gary Winnick. Their places were filled by newcomers like hedge fund managers Steve Cohen and Ken Griffin, both of whom would prefer we keep them out of our club.

The article introduces "Forbes," magazine's list of the 400 wealthiest people in the U.S. The nation's 400 wealthiest people misplaced $80 billion in net worth over the past year, a contributing factor in the exit of 35 people from the list. This year's new members include David Gold, who paid his admission in pennies collected by his chain of 99 Cent Only Stores Inc., Timothy Boyle, who climbed on with the success of Columbia Sportswear.

Hodges Family Holdings Ltd. recently closed on One Corporate Plaza in Clear Lake. The Teachers Insurance and Annuity Association sold the 115,000-square-foot building at 2525 Bay Area Blvd. Major tenants [...]