Business

business
2:13 pm
Tue November 23, 2010

SunPower Will Create 450 Local Jobs if City Coughs Up $900,000

Image courtesy SunPower

SunPower Corporation announced today that it would build a new U.S. operations center in Austin. It would bring $10 million in capital investment and create 450 jobs. But the city must first cough up $90,000 per year over ten years in economic incentives.

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business
5:31 pm
Thu November 18, 2010

Gowalla On Disney Partnership: "We're not about coupons"

These are some of the pins that Gowalla users will be able to collect when they check in at Disney locations.
Image courtesy Gowalla

Austin-based Gowalla announced this morning that it's teaming up with Disney Parks to create a bunch of unique Disney themed locations for the social networking service.

Gowalla is an app that runs on smartphones and allows people to "check in" when they visit any location, from a restaurant, to a park, to a long line at a movie theater. Anyone can create locations, but some are custom made by Gowalla and have their own unique symbol. Checking in earns you a stamp on your virtual Gowalla passport.  Users can also earn pins and various other digital rewards.

KUT News called Gowalla today to talk about the new deal. We spoke with Andy Ellwood, their director of business development.

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business
2:20 pm
Mon November 15, 2010

Austin Company Buys Hotel in Hawaii

Austin-based JMI Realty is involved in a joint venture to acquire the 311-room Aston Kauai Beach at Makaiwa.
Image courtesy promotional video (below)

Local real estate firm JMI Realty is pitching in to buy a Marriot hotel on the Hawaiian island of Kauai. The Austin Business Journal first reported it today based on a news release issued this morning, although the deal was first announced back in late-October.

JMI Realty is acquiring the 10 acre property in what is its first joint venture with Dallas-based Behringer Harvard. The price was not disclosed.

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business deal
12:29 pm
Fri October 22, 2010

Austin-based Integra Sold for $213 Million

Austin-based Wintegra Sold to California-based PMC-Sierra for $213 Million
Photo Courtesy of Wintegra, Inc.

PMC-Sierra Inc., a California-based semi-conductor company, has agreed to buy Austin-based Wintegra, Inc. for $213 million the companies announced Thursday.

PM-Sierra will pay the initial $213 million in cash, but has promised to pay an additional $60 million if Winetegra can match certain financial goals by the end of 2011.

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