Crypto lending company Genesis is seeking Chapter 11 bankruptcy protection as faltering prices and the downfall of FTX continue to rattle the industry. Genesis Global Holdco LLC and two of its lending business subsidiaries, Genesis Global Capital LLC and Genesis Asia Pacific Pte. Ltd., filed for bankruptcy protection in the Southern District of New York. … Read more
No more driving to another city for those H-E-B goodies.
Sovereign Properties’ Camil Zuk along with a rendering of the planned Westover Hills project (Getty, Sovereign Properties) A New York-based multifamily developer is planning a few residential projects in Texas. Sovereign Properties will begin work on a 312-unit, six-building complex at the southern corner of Nationwide Drive and Texas State Highway 151 this coming July, … Read more
SAN ANTONIO – San Antonio firefighters responded to a 2-alarm fire at an industrial building on the city’s far Northeast Side early Friday morning. The fire was called in just before 5:30 a.m. at Powerhouse Electric in the 13100 block of Lookout Way, not far from Judson Road and Lookout Road and Interstate 35. Fire … Read more
SAN ANTONIO – San Antonio has 54 construction projects currently working and city officials say 89% of them are considered on time. Still, many business owners near construction say the limited access to their establishment is driving revenue into the ground. “It’s impossible for us to continue to do business on Broadway. We have no … Read more
Emergency services responded to the accident on the Northwest Side. kali9/Getty Images/iStockphoto The president of a San Antonio oil company was among two men killed on Tuesday when his vehicle collided with a gravel truck on the Loop 1604 frontage road on the Northwest Side on Tuesday. John Hayes, 63, was the president of the … Read more
WASHINGTON (AP) — The Treasury Department says it has started taking “extraordinary measures” as the government has run up against its legal borrowing capacity of $31.381 trillion. Treasury Secretary Janet Yellen sent a letter to congressional leaders Thursday urging them to act to raise the debt limit. Friction between President Joe Biden and House Republicans … Read more