Pagewood has expanded its C-suite beyond its two managing partners, Paul Coonrod and Mat Volz, for the first time. The Houston-based commercial real estate investor appointed Venkat Kandru as its chief technology officer.
Kandru will lead the growth and development of the firm’s proprietary “Moneyball” technology called The Lighthouse, as well as its augmented intelligence model. Pagewood was launched in 2021, “with data science at the core of our real estate development and acquisition decisions,” Coonrod said in a news release.
Pagewood, an investor and asset manager, has developed mostly industrial projects, but it is also a partner with Wile Interests in The Quad, a 10-block redevelopment of old warehouse buildings in the EaDo district of Houston.
Here’s what else is shaking in Texas real estate.
- Central Texas land and ranch broker Guy Allcorn has joined Compass in Austin. Allcorn joins the firm from Texas Ranch Sales and brings $66 million in listings with him, mostly from the Mystic Ridge Estates development in Kerrville, according to a news release from Compass.
- Also joining Compass, in Dallas, is social media maven Bridgette Harrington, who’s closed $53.8 million in home sales in the past year and has 100,000 followers on Instagram and 150,000 followers on TikTok, according to a news release from Compass. Harrington, who is leaving Rogers Healy & Associates, will launch her own group at the brokerage.
- Merriman Anderson Architects has expanded its Fort Worth presence with a 3,000-square-foot office lease on the third floor at 2421 West 7th Street. The firm is based in Dallas and has offices in Austin, Charlotte and Cincinnati. It has designed projects in Fort Worth, including the AC Hotel by Marriott in downtown and the Bell Helicopter headquarters near Hurst, but this is its first office in Cowtown.
- An Austin-based nonprofit that connects affordable housing developers to municipalities has a new executive director. Dianna Grey will lead the Strategic Housing Finance Corporation of Travis County, where she has been interim director since January, the Austin Business Journal reported.
- LGE Design Build hired Ray Catlin as regional vice president for Texas, the Dallas Business Journal reported. Catlin, who has 27 years of experience in the construction business, will oversee the firm’s expansion in Texas. He was most recently president of Threecore LLC, and before that, he led Peinado Construction and Schimenti Construction Company.
—Rachel Stone