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Energy consultants file million-dollar lawsuit against The Backyard redevelopment in Bee Cave

An Austin energy consultancy has filed suit against developer Chris Milam, alleging he took their trade secrets and then fired them. Meanwhile, the controversial entertainment venue project at The Backyard in in limbo.

Austin investor buys apartments in San Antonio's urban core

The 202-unit apartment complex in Northeast San Antonio is 90 percent occupied.

Boy Scouts selling longtime campgrounds for nearly $25M; Neighbors rally to buy slice of Hill Country

Driving west of San Marcos, travelers encounter the peaks and valleys of raw and beautiful Texas Hill Country. A large swath of it, encompassing a portion of the Blanco River as well as the Devil's Backbone, is now up for sale. The 2,382-acre property has attracted the interest of a "diverse buyer pool," according to one of the listing agents, while a nonprofit group is being formed to try to raise funds to preserve the land.

Court approves Tilman Fertitta's $57 million purchase of Joe’s Crab Shack parent co.

A bankruptcy judge has approved the agreement for Houston-based Landry’s Inc. to acquire the assets of Houston-based Ignite Restaurant Group. The Aug. 17 hearing followed an Aug. 7 auction in which Landry’s emerged as the highest bidder with a $57 million offer. Through the deal, Landry’s is acquiring Joe’s Crab Shack — which it previously owned between 1994 and 2006 — and Brick House Tavern + Tap. However, billionaire Landry’s CEO Tilman Fertitta has said he plans to sell off the…

Sources: Car2go could merge with BMW's car-sharing services

Austin-based Car2go, which offers pay-by-the-minute car rentals, is owned by Daimler AG, the German automotive company. Now Daimler is in talks to possibly merge Car2go with car-sharing services owned by BMW, the Portland Business Journal has learned.

Austin AI startup SparkCognition wins landmark military contract

Less than two months after closing a $32.5 million round of venture funding, SparkCognition is back in the news for landing a contract with the Air Force. New money comes from the Defense Innovation Unit Experimental, set up to incorporate the innovation of private companies into the nation's military might.

FDA tells doctors to 'closely monitor' patients who use weight-loss balloon from Austin company

Apollo Endosurgery Inc., an Austin medical device company, is caught up in a federal review of weight-loss devices following five patient deaths in the past two years. The U.S. Food and Drug Administration has issued an alert to health care providers about liquid-filled intragastric balloon systems and "continues to recommend that health care providers closely monitor patients treated with these devices for complications." Apollo (Nasdaq: APEN), founded in 2006, produces less invasive therapies…

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