Now this is amusing: the Houston Business Journal has a story about the Texas Land Office venturing into the commercial real estate business, in an effort to diversify. The problem? Not all private real estate companies are happy about it:
“I don’t have a problem with another competitor in the market,” says developer David Hightower of Houston-based Wolff Cos. “But I do have a problem with a competitor that has an advantage over free-market individuals such as ourselves …”
Wolff Companies? Would that be the same Wolff Companies run by David Wolff, Metro board chairman? The same Metro that has eminent domain powers AND recently opened its own real estate services department? A real estate department that was the brainchild of…David Wolff?
That’s just too funny.
