The sixth-largest Houston-area wealth management firm, Avalon Advisors LLC, acquired San Antonio investment firm Matterhorn Capital Management LLC in a deal that closed this week. The terms of the transaction were not disclosed. Matterhorn Capital Management was once a startup co-founded by Juan Landaand Stefan Grater in 2005. Now both are joining Avalon Advisors' San Antonio office. "It was a belief that we could do something different and add a higher level of sophisticatio

Orlando, Florida-based Xenia Hotels & Resorts Inc. (NYSE: XHR) sold one of its four Houston-area hotels as part of a larger deal. Homewood Suites by Hilton Houston Near the Galleria, a 162-room extended-stay hotel at 2950 Sage Road, and three other hotels in St. Louis, Denver and Chicago were sold to an undisclosed buyer for about $119 million. Xenia also retained about $1.5 million in capital reserve funds related to the properties. The properties were non-core assets with p

Resin packaging company Packwell said it will build an export packaging facility in Texas in partnership with freight transportation company BNSF and industrial developer Hillwood. The plastics export hub will be located at the 18,000-acre mixed-use AllianceTexas development near Fort Worth, and will serve as part of the company’s new global supply chain route. Construction is due to begin this year and is expected to strengthen breakbulk and multimodal transport demand in

Wells Fargo Bank NA www.wellsfargo.com 2BBVA Compass 2200 Post Oak Blvd. Houston, TX 77056 bbvacompass.com316privateNANA0 3JPMorgan Chase 712 Main St. Houston, TX 77002 chase.com141publicNYSEJPM5 4Spirit of Texas SSB 625 University Dr. College Station, TX 77840 spiritoftexasbank.com80privateNANA0 5Celtic Bank Corp. 268S. State St. #300 Salt Lake City, UT 8411

Houston-based Fiesta Mart LLC scooped up three more locations in the Houston area, the latest in a string of announcements this year.Details about the acquisitions were not disclosed, but all three locations were former grocery stores. The locations are: 2877 S. Richey in southeast Houston, which once housed a Bravo Ranch 5101 Avenue H #55 in Rosenberg, west of Sugar Land 11035 East Freeway, just east of the intersection of Interstate 10, the 610 Loop and Highway 90 Those sto

A popular soul food restaurant with its own TV show is coming to Houston. St. Louis-based Sweetie Pie's, which has a show on the Oprah Winfrey Network, is opening up an eatery west of the Loop in 2017, two sources close to the deal told the Houston Business Journal. Sweetie Pie's could not be reached for comment. The 9,000-square-foot restaurant will open at 6356 Richmond Ave., the sources said. The lease was signed in September 2016 at the former Beaucoup Bar & Grill, a New

The Hanover Co. never gave up on its plans to build a new luxury apartment tower in Upper Kirby. The Houston multifamily developer didn’t give up when a former capital partner pulled its support amid plunging oil prices in early 2015. It didn’t give up when it struggled to find another capital partner willing to finance a luxury apartment tower amid the oil slump. And it didn’t give up when market conditions forced several costly delays to the closing date. But on Nov. 17 — a

Brookfield Property Partners LP(NYSE: BPY) acquired the Doubletree by Hilton Hotel-Houston Downtown at 400 Dallas St., Paul Frazier, executive vice president at Brookfield, told the Houston Business Journal. Brookfield bought the hotel from an institutional investor based outside of Houston, Frazier said. The acquisition closed on Nov. 30. Financial details were not disclosed, but the property is appraised at $43.8m by the Harris County Appraisal District. The Doubletree is a