Gasoline prices dip below $2 per gallon in San Antonio

Motorists are getting a break at the pump in San Antonio where the price of regular unleaded gasoline has fallen below $2 per gallon.

Gasoline prices took a dip on Monday with at least three gas stations selling regular unleaded for $1.99 per gallon:

H-E-B, Austin Highway; Murphy USA, Austin Highway; Petronic, Vance Jackson Rd and Spicewood Drive

The lower gasoline prices come amid a record surplus inventory of crude oil supplies and accompanying low commodity prices.

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Jim Lake-led team buys historic Ambassador Hotel in Dallas for redevelopment

A limited partnership led by Jim Lake Cos. has bought the historic Ambassador Hotel in downtown Dallas, and plans to redevelop the property at the southeast corner of Interstate 30 and S. Ervay St.

The hotel is the oldest luxury hotel in Dallas, dating to 1904.

The partnership, Ambassador Hotel Partners LP, bought the property from a Christian-based nonprofit based in Illinois called, Institute in Basic Life Principles Inc., according to Dallas County deed records.

“We will restore it to a hotel…

Shopping center sale points to growth on San Antonio's West Side

Timber Plaza, a shopping center sandwiched between Loop 410 and Loop 1604, has been sold to a California-based real estate partner for an undisclosed sum.

The 21,940-square-foot center at 6025 Tezel Road may seem to be an odd place to plant money, but with an explosion of residential and commercial development in communities such as nearby Leon Valley, the sale is reflective of the area’s expansive growth over the next few years.

While out-of-state investment interest is not a new phenomenon for…

Barley’s Brewing close to long-awaited expansion at Keyes Plumbing site

One of Columbus’ most-established brewers is ready to expand in a deal that could quadruple its capacity and bring new life to an industrial property near the North Market.

Barley’s Brewing Co. hopes to set up a new brewing operation inside the former Keyes Plumbing building, a 9,900-square-foot former warehouse at 111-115 W. Vine St. near the North Market and less than a five-minute walk from its 467 N. High St. brewpub.

“It’s getting close. It’s getting real,” General Manger Jason…

Oil industry, anti-frackers take arguments to Texas Capitol

The showdown between Texas cities and the state’s oil and gas industry took center stage Monday in the House Energy Resources Committee meeting.

Rep. Drew Darby, R-San Angelo, has filed House Bill 40 to combat what has been dubbed this session as the “Denton ban.”

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The bill would actively preempt local jurisdictions from the regulation of oil and gas industry activity,…