Jonathan Diamond

1 month ago | houstonchronicle.com | Jonathan Diamond

Howard Hughes Holdings, The Woodlands-based real estate development and operating company, on Monday sold 9 million new shares to billionaire investor Bill Ackman’s Pershing Square. The $900 million transaction, floated by Ackman earlier this year, boosts Pershing Square’s stake in the business to 46.9%. Ackman, Pershing Square’s chairman and CEO, will become executive chairman of the HHH board, the companies said in a statement.

2 months ago | houstonchronicle.com | Jonathan Diamond

The Texas job market was humming along. Even as first-quarter job cuts surpassed the tally from a year-earlier by more than 40%, the unemployment rate in Texas held steady over the past year at around 4.1%. Still, signs were emerging that policies imposed by the Trump administration were starting to take their toll.

2 months ago | houstonchronicle.com | Alexandra Kanik |Jonathan Diamond

As part of the process to be confirmed as U.S. Ambassador to Italy and San Marino, billionaire Houston businessman Tilman Fertitta was required to provide broad financial disclosures and to withdraw from the day-to-day operations of his far-flung restaurant, gaming and hospitality empire. The disclosures filed with the U.S. Office of Government Ethics provide unique insights to the diverse holdings of one of the richest people in Houston.

2 months ago | houstonchronicle.com | Jonathan Diamond

A fresh list of eight properties to be sold was posted on the GSA website, including two in Texas: the LaBranch Federal Building at 2320 LaBranch just south of downtown and the San Antonio Federal Building West on Cesar Chavez Boulevard in San Antonio. "We are accelerating the disposition of the following assets," the agency said on the site, and invited submissions of non-binding terms sheets for the properties.

Feb 26, 2025 | houstonchronicle.com | Jonathan Diamond

Tilman Fertitta, billionaire owner of Houston's Landry's Inc. and President Donald Trump's nominee to be ambassador to Italy, is now the largest shareholder in Wynn Resorts. In a Monday filing with the Securities and Exchange Commission, Fertitta said that the 10.9 million shares of the Las Vegas gaming company he controlled, a stake valued at more than $1 billion based on Wednesday's midday value of $92.13 per share, amounted to more than 10% of the company.