As rainfall from Tropical Storm Harvey slows a bit, Houston-area property managers are starting to get a feel for how many of their properties incurred damage.

Roadway flooding is preventing companies from dispatching maintenance workers and engineers to a significant chunk of properties, so any assessment of damage is only a partial glimpse of the situation.

Click to read more at Houston Business Journal.

Amy Bernstein was all set to to close on a home in Meyerland when Tropical Storm Harvey hit the Houston area.

The Houston Realtor and founder of Bernstein Realty was representing the seller in the deal, set to close Aug. 25. But with a major hurricane in the forecast, the buyer refused to sign off on the contract, only settling for a verbal agreement to purchase the home after the storm.

Click to read more at Houston Business Journal.

Clay Development& Construction’s latest distribution facility in northwest Houston speaks to the near-limitless demand for space in that corridor, owner Robert Clay told the Houston Business Journal.

The Houston-based developer is underway on Cutten Distribution Center I, a 293,280-square-foot cross-dock distribution facility at 11833 Cutten Road. It’ll sit on 16.2 acres in the 165-acre Cutten Road Business Park that Clay Developmentacquired in 2008.

Click to read more at Houston Business Journal.

Houston-based Vigavi Realty, an industrial developer, has several projects underway including some speculative space in Pasadena, Katy and near George Bush Intercontinental Airport.

The company’s set to break ground on two speculative, 20,000-square-foot buildings within Bay Oaks Business Park, a 30-acre industrial park half a mile away from East Sam Houston Parkway South near Genoa Red Bluff Road.

Click to read more at Houston Business Journal.

As institutional capital turns its eye toward Houston’s industrial market, a growing number of longer-term owners may slim the list of available industrial properties around town.

“There aren’t that many sellers,” said Jim Foreman, executive director at Cushman & Wakefield, speaking generally about the Houston industrial market. “A lot of stuff is institutionally owned by the REITS – like DCT Industrial and Clarion Partners. The market is made up of longer-term holders right now.”

Click to read more at Houston Business Journal.

Two cities a short drive from Houston have been named among the top 10 places to retire nationally, according to a new report.

Zumper, an online marketplace for apartments, analyzed data from the U.S. Census Bureau, the FBI, NOAA and the company’s own rental database to create a rubric that graded 117 U.S. cities on factors such as weather, crime, health care access and housing affordability.

Click to read more at Houston Business Journal.