HOT SPOT: Waller County | Houston’s New West Side

BY BRANDI SMITH

Driving on I-10 about 35 miles west of Downtown Houston, it’s a blink-andyou- might-miss-it moment. A larger-than-life Igloo Cooler sits in the distance, marking the entrance to the company’s massive plant. It’s a very visual cue that you’ve reached West Ten Business Park.

It was one of the first premier business parks in that area,” says Brett Walker, executive vice president of Parkside Capital, which
developed the project.

Looking at it now, most developers wouldn’t bat an eye at picking up 500 acres with frontage along I-10, U.S. 90 and Katy’s Cane Island Parkway. It was a different story in 2008 when
Parkside bought the acreage.

“Some people would say we were crazy,” Walkerlaughs. “But in hindsight, we were ahead of the game.”

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Right on the mark: La Marque offers unique development opportunities

BY BRANDI SMITH

Growing up in La Marque, a southern suburb of Houston, Alex Getty says he watched as growth from the state’s largest city slowly started to spill into Galveston County. Now, he says, it’s pouring into his hometown, which is just 15 miles south of Houston and four miles north of Galveston.

“It’s exciting. It’s a big opportunity and we’re excited to see it finally come to fruition,” says Getty, who now serves as the executive director of the La Marque Economic Development Corporation. “We’re the second fastest-growing city in Galveston County.”

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Good to the last drop: How Texas-based WaterLogic is conserving water and saving clients money

BY BRANDI SMITH

Texas has always had a complicated relationship with water. It seems we’re constantly in a bind; there’s either too much of it or not enough. As a result, water rates aren’t just rising, they’re skyrocketing. According to Circle of Blue, those rates have increased 55 percent since 2010 alone.

That can generate substantial issues for just about every individual and every industry, but it’s especially problematic for companies that rely heavily on landscaping, such as property managers and developers.

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Eyes to the north – The development boom in Houston’s I-45 corridor

BY BRANDI SMITH

Grand Central Park is a master-planned community by Johnson Development Corp., one of the nation’s most respected residential real estate developers in the nation.

The sky is blue, save for a few puffy cumulus clouds that dot the horizon. Ahead lay miles of walking trails under a forested canopy, offering a chance for you to connect with nature. The experience is one you could find at any number of Texas state parks, but it’s also an opportunity available for residents of Grand Central Park, a 2,046-acre master-planned community in the Houston suburb of Conroe.

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Developments in 2017 Land Markets

BY CHARLES E. GILLILAND, PH.D, TEXAS A&M REAL ESTATE CENTER
Reprint from Texas Rural Land Value Trens 2017/ Annual Outlook for Texas Land Markets

Rebounding activity in the oil patch reinvigorated the statewide land market. Posting a surprisingly strong year end result at $2,644 per acre, a 4.46 percent expansion from 2016 prices and the strongest growth since 2014. The 6,272 reported sales topped 2016 totals by 577 sales.

Driven in part by remarkable developments in energy-dominated areas, overall Texas statewide results continued to post price increases. However, market conditions in some regions varied where weak results pointed to market adjustments in three areas: the Panhandle and South Plains, West Texas, and Austin-Waco-Hill Country where prices ebbed for various reasons.

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Imminent eminent domain: How public projects are impacting Texas landowners

BY BRANDI SMITH

From pipelines that cross the state to high-speed rail plans that cut Texas in half, massive projects are underway that have a significant impact on property owners all over the Lone Star State. REDNews touched base with eminent domain expert, David Showalter, to discuss the biggest implications.

Showalter, who got started in real estate law in 1977, has over 40 years of experience in real estate law. In addition to real estate development, he has handled hundreds of eminent domain cases in that time. His clients are a healthy mix of landowners, special-use properties, homeowners and business owners, large and small.

“This broad experience helps us because we see all facets of the process and how it affects different types of owners,” says Showalter. “We are more aware of, and sensitive to, the different ways that owners of property can be damaged and we can analyze each of those aspects in every case and make sure we’re covering all the ways they’ve been harmed so that they get full compensation along the way.”

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