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Restaurant gets into events business, Austin foreclosures and other real estate news flying below the radar

By Jan Buchholz

There is some other news happening this week outside of South By Southwest. Here is a roundup of some key real estate scoops I uncovered that were flying under the radar:

• Peached Social House is under construction at 6500 N. Lamar Blvd. The 4,300-square-foot event space is being developed by the team behind The Peached Tortilla restaurant. The space utilizes three shipping containers and will be available for special events.

The Peached Tortilla catering operations and some executive offices… …read more

From:: biz journal foreclosures

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Baker Hughes reports lowest total weekly U.S. rig count on record

Oil prices held onto their gains after data Friday from Baker Hughes showed that the number of total active U.S. oil rigs dropped to the lowest weekly level. The total U.S. rig count fell 9 to 480 as of Friday. The previous record low was at 488 rigs on April 23, 1999, according to Baker Hughes. The number of active U.S. oil-drilling rigs fell for a 12th week in a row, down by 6 to 386. April crude was at $38.74 a barrel on the New York Mercantile Exchange, up 90 cents, or 2.4%. It was trading at $38.60 before the data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

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KLR Energy Acquisition Corp. trading just above IPO issue price

Shares of KLR Energy Acquisition Corp. , a special purpose acquisition entity to acquire oil and gas assets, were trading at $10.02, above its initial public offering issue price of $10 a share. The company offered 8 million shares to raise up to $80,000,000. The company had previously said it would offer 13 million shares to raise $130 million. The stock is expected to trade Friday on the Nasdaq under the symbol “KLREU.”EarlyBird Capital is the sole underwriter of the offering.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

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Ford to create subsidiary to develop and invest in mobility services

Ford Motor Co. said Friday it is creating a subsidiary to develop and invest in mobility services, as part of its strategy of becoming a car and mobility company. Jim Hackett, a former chief executive of Steelcase, will leave his position on the Ford board to head up the new unit, which will be called Ford Smart Mobility LLC, Ford said in a statement. The company estimates that the transportation services market is worth about $5.4 trillion in annual revenue. The new unit will work on connectivity, mobility, autonomous vehicles, the customer experience and data and analytics, said the statement. Ford shares were trading up 0.7%, but are down about 16% in the last 12 months, while the S&P 500 has lost 1.5%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

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KLR Energy Acquisition Corp. prices reduced offering

KLR Energy Acquisition Corp. , a special purpose acquisition entity to acquire oil and gas assets, priced its initial public offering at $10 a share Thursday. The company is offering 8 million shares to raise up to $80,000,000. The company had previously said it would offer 13 million shares to raise $130 million. The stock is expected to trade Friday on the Nasdaq under the symbol “KLREU.”EarlyBird Capital is the sole underwriter of the offering.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News