05/03/11 4:15pm

Houston ranks 5th — below Long Island, Miami, Virginia Beach, New Orleans, and Tampa — in potential property damage from storm surges, according to an annual report from Corelogic. The company figures the resulting storm surge from a Category 5 Hurricane here would likely produce $20 billion in property loss — well behind Long Island’s $99 billion score. Can’t this city do a little better? We’ve got the high-hurricane-risk and low-lying-properties parts down cold. If we can just boost the property values a bit in those areas, we’ll be rolling with the high-stakes big boys next time.

The top at-risk area Zip Codes, according to the company’s report: 77573, 77554, 77059, 77571, 77062, 77566, 77586, 77539, 77546, and 77521. Locally, League City leads the way!

Image: Corelogic

11/04/09 11:28am

PROMOTING A DIFFERENT SORT OF MIXED USE IN FRIENDSWOOD Among yesterday’s election results: Victory for Propositions 1 and 2 in Friendswood. That means grocery, wine, and convenience stores will be able to sell wine and beer, and restaurants will be able to serve wine, beer, and mixed drinks in the city’s downtown. “Both propositions allow alcohol sales in a corridor along FM 518 between FM 528 and FM 2351. The city, founded by Quakers, banned alcohol sales in April 1963, the year Friendswood was incorporated.” [Galveston County Daily News]

09/11/08 2:20pm

IKE TURNS HERE Apparently, some sort of storm is headed this way. If you live in the 77507, 77058, 77059, 77062, 77520, 77546, 77571, 77586, or 77598 zip codes, here’s a little advice: Surfing Swamplot for real-estate news is probably not the best use of your time right now. How about a little gettin’-out-of-town-ing instead? There’ll be plenty of time to gawk at photos of soggy homes right here — after we’ve been soaked and the power comes back on. On the other hand, all you shelter-in-place people: How’s the installation coming along on those foundation bolts and jacks? Got any tips for turning decorative shutters into something . . . useful? And who’s been buying up all the toilet paper? [Houston Chronicle]

08/27/08 9:32am

The Lodge at Baybrook, 19100 Glenwest Dr., Friendswood, Texas

Another apartment complex rescued from the clutches of famed real-estate investor and apartment-maintenance whiz Michael B. Smuck! This time it’s the Lodge at Baybrook, a 12-building, 322-unit compound on 13.7 acres just behind Baybrook Mall in Friendswood. Globe St.‘s Amy Wolff Sorter reports that Chicago-based Adams LaSalle Realty has bought the complex from Smuck’s bankrupt MBS Properties for “well below” the $28.6 million it first listed for back in 2006.

The Lodge at Baybrook was built just 9 years ago, but apparently there’s plenty of deferred maintenance for the new owners to take care of. No word of any impending name change.

Photo: CBRE