As Federal, State Lawsuits Bear Down, Troubled Houston Community Enjoys Development Boom

Prologis’ first battery storage project in Texas was unveiled Friday morning, marking a major milestone in the private sector’s contribution to reducing strain on the state’s power grid.

The 10-megawatt battery storage facility is housed on the site of one of Prologis’ owner-occupied warehouses at 3601 Allen Ave. in Arlington. Two additional projects in Houston and Grand Prairie are scheduled to follow in the coming months, with a total of 10 sites deployed over a year.

The goal of the project is to capture and dispatch additional power during peak demand periods, effectively supplementing energy already provided by the Electric Reliability Council of Texas. The battery storage site in Arlington is designed to power 1,700 homes, Vibhu Kaushik, Prologis global head of energy, utilities…

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Less than three years after going public, alternative hospitality company Sonder faces a growing pile of problems that has led the company to shutter a chunk of its portfolio as it issues warnings about the reliability of its financial reporting.

Although the hotel and short-term rental industries overall have enjoyed a solid rebound, experts say elements of the landscape and capital markets in general have changed since the pre-pandemic days in a way that could be crunching Sonder and companies like it. 

Changing investor expectations and a traveler pool that may be thinking twice about urban destinations could also have a role in the company’s faltering finances, shuttered locations and layoffs. “I suspect that a big piece of their renewed focus on profitability — finding a path to profitability — is new or…

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