Your Trusted Houston Commercial Real Estate Brokerage

Viking Enterprise LLC is part of eXp Commercial, an agent-led, cloud-based commercial real estate brokerage with agents across the globe.

Your Trusted Katy / Fulshear & Houston Commercial Real Estate Brokerage

Viking Enterprise LLC is part of eXp Commercial, an agent-led, cloud-based commercial real estate brokerage with agents across the globe.

Looking to invest, buy, sell or lease? We can help.

Looking to invest, buy, sell or lease? We can help.

OUR FEATURED TENANTS & CLIENTS

eXp Commercial - Viking Enterprise Team's real estate network provides unparalleled commercial real estate services to Tenants and Landlords around the Katy- Houston area. Our knowledge, experience, and reputation sets us apart from many firms.


A commercial property owner might have various plans that would necessitate the services of a commercial real estate broker. Some of the common scenarios include:

1. Selling the Property: If the owner decides itā€™s time to sell the property, a commercial real estate broker can help determine the market value, market the property effectively, and negotiate with potential buyers to get the best possible price.

2. Leasing Space: For property owners looking to lease out part or all of their commercial space, a broker can help find suitable tenants, negotiate lease terms, and ensure the lease agreements meet all legal requirements and serve the ownerā€™s best interests.

3. Acquiring More Properties: Owners looking to expand their portfolio would benefit from a broker's knowledge of the market, access to listings, and negotiation skills to secure additional properties at favorable terms.

4. Property Management: While not all brokers offer this service, some commercial real estate brokers or their affiliates offer property management services. This can be particularly appealing for owners who prefer a hands-off approach or are managing properties from a distance.

5. Market Analysis: Owners considering future developments, renovations, or rebranding of their property might engage a broker for a comprehensive market analysis. This helps in understanding current market trends, the demand for different types of spaces, and potential returns on investment for various strategies.

6. Refinancing: In situations where a property owner is looking to refinance their property, a commercial real estate broker can provide valuable insights into the propertyā€™s current market value, assist in gathering necessary documentation, and even help in finding the best financing options.

7. Partnership or Investment Opportunities: Owners interested in exploring partnerships, joint ventures, or seeking investors for expansion or development projects might use a broker to find and vet potential partners or investors.

8. Consulting on Zoning and Use Changes: When contemplating a change in the use of the property or dealing with zoning issues, a broker with experience in local regulations and the specific property type can provide guidance and strategic planning assistance.

9. Exit Strategy Planning: For owners looking to plan an exit strategy from their investment, whether itā€™s through a strategic sale or a gradual winding down of operations, brokers can provide market insights, timing advice, and valuation services to optimize the exit process.

In any of these scenarios, the expertise and services provided by a commercial real estate broker can save the property owner time and money, while also providing access to a wider network of potential buyers, tenants, and industry professionals. Give us a call today!

Reviews

šŸŒ† Affordable Housing in Houston: Challenges Ahead šŸ’°

šŸ  Houston Housing Authority Shake-Up: Whatā€™s Next? šŸš§

November 20, 2024ā€¢2 min read

šŸ  Houston Housing Authority Shake-Up: Whatā€™s Next? šŸš§

 

šŸŒ† Affordable Housing in Houston: Challenges Ahead šŸ’°

The Houston Housing Authority (HHA) has found itself in the spotlight amid leadership changes and mounting scrutiny over its practices. David Northern, who served as president and CEO since February 2022, resigned this week in the wake of an investigation into his duties and decision-making. Letā€™s break down the story and what it could mean for Houstonā€™s housing future.

Resignation Amid Controversy šŸ•µļøā€ā™‚ļøāš–ļø

Northernā€™s resignation comes with a severance package of six monthsā€™ salary and health insurance. His departure follows a period of intense scrutiny, including an investigation into HHAā€™s contracting practices and Northernā€™s performance. The investigation also looked into whether Northern fulfilled his fiduciary duties.

Adding to the tension, federal agents recently tested soil samples at The Pointe at Bayou Bend, an HHA property near a contaminated incinerator site in the East End. This raised questions about past leadership decisions, with Mayor John Whitmire calling the projectā€™s location a mistake and accusing HHA of withholding critical information from its board.

Interim Leadership Steps In šŸš§šŸ‘©ā€āš–ļø

With Northern stepping down, Jennine Hovell-Cox, HHAā€™s general counsel, has been appointed interim president and CEO. Mayor Whitmire expressed confidence in the board's efforts to bring transparency and accountability to the organization. This leadership shake-up follows Whitmireā€™s earlier move to replace five of the seven HHA board members earlier this year.

Criticism of Affordable Housing Strategies šŸ—ļøāŒ

This isnā€™t the first time HHA has faced criticism. Last year, questions arose about its use of Public Facility Corporations (PFCs), which enable tax breaks for affordable housing properties. However, a Houston Chronicle analysis revealed that only 1% of these tax-exempt units served low-income residents. The authority was also found to have missed out on millions of dollars in project fees.

Whatā€™s Next for Houstonā€™s Housing Authority? šŸŒŸšŸ™ļø

The resignation of David Northern signals a potential turning point for the HHA. With new leadership in place and ongoing investigations, Houston residents and stakeholders will be watching closely to see how the authority addresses past missteps and rebuilds trust.

The housing challenges facing the cityā€”from homelessness to affordable housing shortagesā€”require a transparent and strategic approach. As Houston continues to grow, ensuring accountability within the HHA will be crucial for meeting the needs of its most vulnerable populations.

šŸ’¬ Whatā€™s your take on the changes at HHA?

Share your thoughts below or reach out to discuss how these developments might shape Houstonā€™s housing market.

Iā€™m an experienced Commercial Real Estate Broker, please feel free to reach me at 281-222-0433.

#HoustonHousing #LeadershipChanges #AffordableHousing #TransparencyMatters #CREInsights

https://www.houstonrealestatebrokerage.com/

https://www.commercialexchange.com/agent/653bf5593e3a3e1dcec275a6

http://expressoffers.com/[email protected]

https://www.tenantbase.com/advisors/bill-rapp/

https://buildout.com/plugins/3e7ef61d54725c99fd76ca1f4ae24a348c56a0d4/brokers/[email protected]

www.linkedin.com/comm/mynetwork/discovery-see-all?usecase=PEOPLE_FOLLOWS&followMember=mortgageviking

https://www.fastexpert.com/agents/bill-rapp-95118/

https://www.homelight.com/agents/bill-rapp-tx-595622?preview=t

https://www.houstonrealestatebrokerage.com/houston-cre-navigator

https://www.smartbizloans.com/assist/partner/vikingenterprisellc/expcommercial

https://go.mypartner.io/referral-partner/?ref=001Qk00000JlNcfIAF

https://www.loopnet.ca/commercial-real-estate-brokers/profile/bill-rapp/pwp0fkrb

Ā© 2023-2024 Bill Rapp, Broker Associate, eXp Commercial Viking Enterprise Team

Houston Housing Authority (HHA)David NorthernPublic Facility Corporations (PFCs)Mayor John Whitmirehomelessness in Houstonaffordable housing shortages
blog author image

Bill Rapp, CRE Broker

I am a Houston commercial broker, with residential experience, as well as a lending background. I have been in the real estate industry for 14 years and counting, and I have worked in many roles within the industry and each has given me a unique perspective of the industry as a whole. My dedication to clients is rooted in this industry knowledge, but also includes my desire to go the extra mile in networking to source off market opportunities for my clients. Me and my team at eXp Commercial have a cutting-edge technology package that gets the widest exposure for each transaction. eXp Commercial offers a nationwide network through which we can deliver the best exposure and professional advice to achieve our clientsā€™ goals while also minimizing their risk. Clients appreciate my methodical method of discovery in our initial consultation. Through which we can get to know each other and their specificā€™s businessā€™s needs and objectives on a granular level. Our processes help navigate each transaction and its potential pitfalls through to a successful outcome for our clients. It is my stated goal to provide our clients with extensive market analysis and expertise that fosters innovative solutions and rewarding commercial real estate opportunities.

Back to Blog

eXp Commercial - Viking Enterprise team real estate network provides unparalleled commercial real estate services to Tenants and Landlords around the greater Katy & Houston MSA area. Our knowledge, experience, and reputation sets us apart from many firms.

A commercial property owner might have various plans that would necessitate the services of a commercial real estate broker. Some of the common scenarios include:

1. Selling the Property: If the owner decides itā€™s time to sell the property, a commercial real estate broker can help determine the market value, market the property effectively, and negotiate with potential buyers to get the best possible price.

2. Leasing Space: For property owners looking to lease out part or all of their commercial space, a broker can help find suitable tenants, negotiate lease terms, and ensure the lease agreements meet all legal requirements and serve the ownerā€™s best interests.

3. Acquiring More Properties: Owners looking to expand their portfolio would benefit from a broker's knowledge of the market, access to listings, and negotiation skills to secure additional properties at favorable terms.

4. Property Management: While not all brokers offer this service, some commercial real estate brokers or their affiliates offer property management services. This can be particularly appealing for owners who prefer a hands-off approach or are managing properties from a distance.

5. Market Analysis: Owners considering future developments, renovations, or rebranding of their property might engage a broker for a comprehensive market analysis. This helps in understanding current market trends, the demand for different types of spaces, and potential returns on investment for various strategies.

6. Refinancing: In situations where a property owner is looking to refinance their property, a commercial real estate broker can provide valuable insights into the propertyā€™s current market value, assist in gathering necessary documentation, and even help in finding the best financing options.

7. Partnership or Investment Opportunities: Owners interested in exploring partnerships, joint ventures, or seeking investors for expansion or development projects might use a broker to find and vet potential partners or investors.

8. Consulting on Zoning and Use Changes: When contemplating a change in the use of the property or dealing with zoning issues, a broker with experience in local regulations and the specific property type can provide guidance and strategic planning assistance.

9. Exit Strategy Planning: For owners looking to plan an exit strategy from their investment, whether itā€™s through a strategic sale or a gradual winding down of operations, brokers can provide market insights, timing advice, and valuation services to optimize the exit process.

In any of these scenarios, the expertise and services provided by a commercial real estate broker can save the property owner time and money, while also providing access to a wider network of potential buyers, tenants, and industry professionals. Give us a call today!

Find the perfect location for your business.

Let us help your business succeed.

šŸŒ† Affordable Housing in Houston: Challenges Ahead šŸ’°

šŸ  Houston Housing Authority Shake-Up: Whatā€™s Next? šŸš§

November 20, 2024ā€¢2 min read

šŸ  Houston Housing Authority Shake-Up: Whatā€™s Next? šŸš§

 

šŸŒ† Affordable Housing in Houston: Challenges Ahead šŸ’°

The Houston Housing Authority (HHA) has found itself in the spotlight amid leadership changes and mounting scrutiny over its practices. David Northern, who served as president and CEO since February 2022, resigned this week in the wake of an investigation into his duties and decision-making. Letā€™s break down the story and what it could mean for Houstonā€™s housing future.

Resignation Amid Controversy šŸ•µļøā€ā™‚ļøāš–ļø

Northernā€™s resignation comes with a severance package of six monthsā€™ salary and health insurance. His departure follows a period of intense scrutiny, including an investigation into HHAā€™s contracting practices and Northernā€™s performance. The investigation also looked into whether Northern fulfilled his fiduciary duties.

Adding to the tension, federal agents recently tested soil samples at The Pointe at Bayou Bend, an HHA property near a contaminated incinerator site in the East End. This raised questions about past leadership decisions, with Mayor John Whitmire calling the projectā€™s location a mistake and accusing HHA of withholding critical information from its board.

Interim Leadership Steps In šŸš§šŸ‘©ā€āš–ļø

With Northern stepping down, Jennine Hovell-Cox, HHAā€™s general counsel, has been appointed interim president and CEO. Mayor Whitmire expressed confidence in the board's efforts to bring transparency and accountability to the organization. This leadership shake-up follows Whitmireā€™s earlier move to replace five of the seven HHA board members earlier this year.

Criticism of Affordable Housing Strategies šŸ—ļøāŒ

This isnā€™t the first time HHA has faced criticism. Last year, questions arose about its use of Public Facility Corporations (PFCs), which enable tax breaks for affordable housing properties. However, a Houston Chronicle analysis revealed that only 1% of these tax-exempt units served low-income residents. The authority was also found to have missed out on millions of dollars in project fees.

Whatā€™s Next for Houstonā€™s Housing Authority? šŸŒŸšŸ™ļø

The resignation of David Northern signals a potential turning point for the HHA. With new leadership in place and ongoing investigations, Houston residents and stakeholders will be watching closely to see how the authority addresses past missteps and rebuilds trust.

The housing challenges facing the cityā€”from homelessness to affordable housing shortagesā€”require a transparent and strategic approach. As Houston continues to grow, ensuring accountability within the HHA will be crucial for meeting the needs of its most vulnerable populations.

šŸ’¬ Whatā€™s your take on the changes at HHA?

Share your thoughts below or reach out to discuss how these developments might shape Houstonā€™s housing market.

Iā€™m an experienced Commercial Real Estate Broker, please feel free to reach me at 281-222-0433.

#HoustonHousing #LeadershipChanges #AffordableHousing #TransparencyMatters #CREInsights

https://www.houstonrealestatebrokerage.com/

https://www.commercialexchange.com/agent/653bf5593e3a3e1dcec275a6

http://expressoffers.com/[email protected]

https://www.tenantbase.com/advisors/bill-rapp/

https://buildout.com/plugins/3e7ef61d54725c99fd76ca1f4ae24a348c56a0d4/brokers/[email protected]

www.linkedin.com/comm/mynetwork/discovery-see-all?usecase=PEOPLE_FOLLOWS&followMember=mortgageviking

https://www.fastexpert.com/agents/bill-rapp-95118/

https://www.homelight.com/agents/bill-rapp-tx-595622?preview=t

https://www.houstonrealestatebrokerage.com/houston-cre-navigator

https://www.smartbizloans.com/assist/partner/vikingenterprisellc/expcommercial

https://go.mypartner.io/referral-partner/?ref=001Qk00000JlNcfIAF

https://www.loopnet.ca/commercial-real-estate-brokers/profile/bill-rapp/pwp0fkrb

Ā© 2023-2024 Bill Rapp, Broker Associate, eXp Commercial Viking Enterprise Team

Houston Housing Authority (HHA)David NorthernPublic Facility Corporations (PFCs)Mayor John Whitmirehomelessness in Houstonaffordable housing shortages
blog author image

Bill Rapp, CRE Broker

I am a Houston commercial broker, with residential experience, as well as a lending background. I have been in the real estate industry for 14 years and counting, and I have worked in many roles within the industry and each has given me a unique perspective of the industry as a whole. My dedication to clients is rooted in this industry knowledge, but also includes my desire to go the extra mile in networking to source off market opportunities for my clients. Me and my team at eXp Commercial have a cutting-edge technology package that gets the widest exposure for each transaction. eXp Commercial offers a nationwide network through which we can deliver the best exposure and professional advice to achieve our clientsā€™ goals while also minimizing their risk. Clients appreciate my methodical method of discovery in our initial consultation. Through which we can get to know each other and their specificā€™s businessā€™s needs and objectives on a granular level. Our processes help navigate each transaction and its potential pitfalls through to a successful outcome for our clients. It is my stated goal to provide our clients with extensive market analysis and expertise that fosters innovative solutions and rewarding commercial real estate opportunities.

Back to Blog

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Let us help your business succeed.

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27815 Astoria Brook Ln

Katy, TX 77494 USA


9600 Great Hills Trail, Suite 150w Austin, TX 78759 |
855.450.0324 xx255

Texas Real Estate Commission Consumer Protection Notice Texas Real Estate Commission

Information About Brokerage Services eXp Commercial LLC #9010212

Viking Enterprise LLC #9009614

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27815 Astoria Brook Ln

Katy, TX 77494 USA

901 S Mopac Expwy, Bldg 2, Suite 350 Austin, TX 78746 | 512.474.5557Texas Real Estate Commission

Consumer Protection Notice Texas Real Estate Commission Information About Brokerage Services Reliance Retail, LLC #603091

Texas RS, LLC #9003193 | RESOLUT RE Is Licensed In Louisiana #0995694083