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13 Must Reads for the CRE Industry on Jan 13, 2021

13 Must Reads for the CRE Industry Today (Jan. 13, 2021) Some REITs have been buying their own shares, according to Dow Jones Newswires. New York restaurant owners file a new lawsuit against Governor Cuomo over shifting regulations, reports Eater New York. These are among today’s must reads from around the commercial real estate industry. Big Real Estate Firms Turn Buyers of Their Own Shares“Some publicly traded real-estate companies have found a buyer for their shares, despite empty offices, deserted hotels and reeling shopping malls the companies themselves. Real-estate owners, including SL Green Realty Corp. and Healthcare Trust of America Inc., say stock-market investors have significantly undervalued their property holdings compared with what they could fetch in the private market.” (Dow Jones Newswires)

$1B Leander Springs project wins first rezoning OK from Council

$1B Leander Springs project wins first rezoning OK from Council
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Balcara Group opens single-family rental neighborhood in Balmoral

Balcara Group opens single-family rental neighborhood in Balmoral FacebookTwitterEmail 1of5 Homes are nearing completion at Balcara at Balmoral, a single-family home rental community in the Balmoral master planned community northeast of Houston.Balcara GroupShow MoreShow Less 2of5 Homes are nearing completion at Balcara at Balmoral, a single-family home rental community in the Balmoral master planned community northeast of Houston.Balcara GroupShow MoreShow Less 3of5 Homes are nearing completion at Balcara at Balmoral, a single-family home rental community in the Balmoral master planned community northeast of Houston.Balcara GroupShow MoreShow Less 4of5 Homes are nearing completion at Balcara at Balmoral, a single-family home rental community in the Balmoral master planned community northeast of Houston.Balcara GroupShow MoreShow Less

Houston, prepare to dive into an all-new Crystal Lagoon paradise

Houston, prepare to dive into an all-new Crystal Lagoon paradise Houston, prepare to dive into an all-new Crystal Lagoon paradise Rendering courtesy of Land Tejas Look for beaches and pools. Photo courtesy of Land Tejas The new lagoon is the size of four NFL football fields. Photo courtesy of Land Tejas One of the buzziest phrases of 2020, locally, will no doubt be “crystal lagoon.” A 12-acre crystal lagoon made a massive splash when it opened to the public in July in Texas City. Now, Houston’s fourth Crystal Lagoon getaway has been announced at a bustling Katy master-planned community. The new Crystal Lagoon amenity will anchor the Katy Sunterra development, courtesy of local developer, Land Tejas. The turquoise retreat will span approximately 3.5 acres, according to a press release. Visitors can expect a clubhouse and pool overlooking the lagoon, as well as several beaches and an island all surrounded by crystal clear waters.

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