Category: Ray’s Buzz

O’Connor & Associates Land Forecast Luncheon

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BY RAY HANKAMER
rhankamer@gmail.com

Speaker: Kirk Laguarta / Land Advisors

Bullet Points:

  • Large master-planned communities of the future will be near the Grand Parkway and beyond.
  • Developers who used to access the huge sums needed from banks now access them from equity investors who have a medium- to long-term horizon. These investors are from the money centers and are yield-driven.
  • Some large developers have been acquired by or have very close relationships with their sources of their funding. The developers have in some cases traded potentially higher
    profits for lower risk.
  • The Houston economy has many ‘drivers’ and lot development has continued apace even through the periods when oil prices dropped. This give assurance to investors.

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Interview with Howard Rambin, Houston Developer

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BY RAY HANKAMER
rhankamer@gmail.com

REDNews: Good morning, Howard: To those of us with ‘grey hair’, you are an icon in commercial real estate in Houston. Can you share-for the benefit of newcomers to the CRE game-a summary of your career, including your educational background and how you first got started in real estate?

Howard Rambin: I attended high school at Deerfield in Connecticut and Kinkaid in Houston, and University of North Carolina and SMU. Starting at nine years old I had part time summer jobs ranging from paper boy, golf caddy, grocery clerk, truck mechanic assistant, bank clerk, YMCA coach, and work at a CPA firm.

In my first job out of college my firm was suddenly sold and I found myself out of work, married with a child. I had a friend who developed apartments, so I thought I could do it, too, so I got investors and bought an apartment project. Then I developed a Howard Johnson motel on the Gulf Freeway, and later a Hilton on Dairy Ashford and I-10.

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BoyarMiller (a law firm) Energy Update Breakfast Forum -Speakers: Paul Perea – Tudor, Pickering, Hold & Co.; John Berger – Sunnova Energy; Sanjiv Shah – Simmons & Company International

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BY RAY HANKAMER
rhankamer@gmail.com

Takeaway: The oil & gas industry is going through an adjustment phase based on presumed price stabilization engineered by OPEC. Solar energy technology has resulted in a 95% drop in panel prices and stunning technological progress in storage batteries, resulting in huge growth opportunities for this renewable energy source; electricity produced by wind is growing as well, but this energy often has to be transmitted over large distances and it is not as predictable as solar, which can be created and stored on-site and used on-site by residential and commercial customers.

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CCIM March Luncheon: Jonathan Brinsden, Speaker – The Midway Companies

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BY RAY HANKAMER

Jonathan Brinsden addressed the March luncheon and gave some insights on Midway’s development philosophy and a glimpse into some of its recently completed and future projects. Midway is best known for City Centre, and many of the elements of this development are being carried forward into the company’s new deals.

First, some of the Insights:
• We like to create remarkable places that enrich peoples’ lives
• Sometimes our capital partners cringe, but we like to do projects where everybody wins, including our employees, our tenants, and their customers
• When considering a project, we always ask ‘What’s best for the community?’
• We look for the best real estate that ‘is generational and has permanence of location’, which means it will just get better over time and will appeal to future generations-the mix must be disciplined so that a stable income stream will be created for a long time into the future

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CCIM COMMERCIAL REAL ESTATE FORECAST COMPETITION

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BY RAY HANKAMER
rhankamer@gmail.com

KEYNOTE TALK:
Dr. Mark Dotzour
Bullets:
• Should be clear sailing ahead in 2018 for Houston businesses
• Texas is an economic miracle
• The four largest Texas cities are also the
top four in U.S. for domestic in-migration
• Texas’ and Houston’s leading economic indicators remain on an upward curve
• With no fiscal restraint shown in recent tax law change, inflation and higher interest rates are a threat and will not be good for CRE; there is no lid on debt in Washington any more, and deficit hawks

Click to read more at www.rednews.com.

CCIM January Luncheon

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BY RAY HANKAMER

Speaker: Patrick Jankowski, Sr. V.P of Research-Greater Houston Partnership

Takeaway: The Houston economy is powerful, ‘exporting’ goods and services to the US economy and to countries all over the globe. The prediction for 2018 is a return to overall growth, with the
energy sector slowly returning to normal.

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