Rednews November 2016 North Texas by RE Journals

NOVEMBER 2016

YOUR COMMERCIAL REAL ESTATE MARKETING SOURCE

CBRE

Spacing out:

Houstonâ&#x20AC;&#x2122;s new spaceport

Industrial Overviews

Finding its Center:

How the Real Estate Center has changed the industry in Texas

Manufacturing/Distribution Facility Available For Lease Interstate Hwy 20 & US 87 Truck Relief Route, Big Spring, TX

Big Spring

Terry Wegman Phone: 432-264-6032 terrywegman@bigspringtx.com www.bigspringtx.com

For more information about the property, please see page 5

Addicks-Cullen Addicks-Cullen ParkPark 14,000Acres 14,000 Acres

ai Trail Tr dandBi Bikeke Hike Hike an

10.4 ACRES 10.4 ACRES

UNDER CONSTRUCTION

. v.d lBvld tsBt ees kWW arrk l Pa rra nntt CCee

levard ouBoulevard owB Row Park PaRrk

Phase One 170,000-square-feet CONSTRUCTION 2016

Terry Terry Hershey Hershey Park Park

15.3 Acres 15.3ACRES ACRES 15.3

Interstate 10

Central Park

An easily accessible 80-acre development bordered by permanent green space, located on the north side of Interstate 10 between North Eldridge Parkway and State Highway 6 in The Energy Corridor.

Shops at

Bar ker Cyp res s

6.66.6 ACRES ACRES

Row Park

d evar Boul

0 tate 1 Inters

Ten Oaks

An 84 acre mixed-use development in the heart of The Medical Center-West Campus, located at the corner of Interstate 10 and Barker-Cypress Road in The Energy Corridor.

For more information call 713-626-8050 or visit wolffcompanies.com.

Texas Medical Center Super Flex Space Available

Corporate Centre Kirby IV & V 9310 – 9390 Kirby Drive Houston, Texas

6,000 SF – 65,007 SF Available * Within 2 miles of Texas Medical Center * Ample Parking Fully Fenced with Controlled Gate Access * Build-To-Suit Available * Great Windows & Light

David R. David (O) 713-461-9696 (C) 713-461-7117 david@wadevelops.com November 2016 3

IN THIS ISSUE

Steven A. González

Arturo Machuca

24 Gary Maler Larry Johnson

Mark Sappington

Market

Sales & Leases 1-3, 5, 7, 11-13, 16-17, 19, 21-23, 26, 27

Services

Environmental Services 30 Land Servicing 44 Legal Services 29 Photography 42 Real Estate Loans 23

Scoop

Events 32, 34, 36 Social 33, 35 ,37 Bulletin 38-40 4

November 2016

Features

Finding Its Center: How the Real Estate Center has changed the industry in Texas 8-10 Spacing Out: Houston's New Spaceport 14, 15 CBRE Industrial Marketview 18, 20 CIVIL FAIR PLAY Water Woes 24, 25 RAY'S BUZZ Interview with Larry Johnson 28 BoyarMiller Breakfast Forum 29 O’Connor & Associates Multi-Family Luncheon 29

Manufacturing/Distribution Facility Available For Lease Located in the Big Spring Airport/Industrial Park, with direct access to runways, rail service, and Interstate 20, this property has extraordinary logistical opportunities.

1600 W. 1st Street, Big Spring, Texas, 79720 • "Crossroads of West Texas" • Located on the Ports-to-Plains Corridor linking Mexico with Canada • Direct Access to Runway, Rail Service & I-H 20/US 87 Truck Relief Route, Big Spring, TX • New Relief Route will have 2 entrances (1 on West & 1 on Southwest) • Warehouse Space: 125,700 sq. ft • Office Space: 7,400 sq. ft

SITE

• • • • • • •

Manufacturing Space: 79,200 sq. ft Systems Room Space: 5,000 sq. ft Storage Space 1: 2,500 sq. ft Storage Space 2: 3,000 sq. ft Total Space: 222,400 sq. ft Ceiling Height: Avg. 38 ft clearance # of Loading Docks: High: 6, Low: 1 ﬂoor level door, 1 ramp

Contact: Terry Wegman Phone: 432-264-6032 terrywegman@bigspringtx.com www.bigspringtx.com

Letter from the Publisher

YOUR COMMERCIAL REAL ESTATE MARKETING SOURCE

PUBLISHER

Ginger Wheless ginger@REDNews.com

EDITOR

Margie Gohmert info@REDNews.com

STAFF WRITERS

Dear Readers,

The Texas ICSC Conference last month had about 4000 attendees which was reportedly a record turnout. Everyone we encountered was busy and excited about the number of retailer appointments they had scheduled as well as the drop-in traffic. Look for a recap of the event in next month’s issue.

Upcoming 2017 should be another fabulous year because of, or in spite of, our newly elected president. Once again I know that our tenacious and resourceful industry professionals will focus on doing deals and will continue to thrive. We certainly have done so in spite of oil prices at less than half what they were several years ago! I hope you enjoy reading about Texas A&M’s Real Estate Center as much as I enjoyed interviewing its outstanding team. Gary Maler, the Center’s Director, and I grew up together in Brookshire, Texas many years ago, and I’m so impressed with his accomplishments as well as the Real Estate Center’s. It has put Texas on the map as a world renowned research organization for which we can all be proud.

I hope you all have a wonderful Thanksgiving holiday which includes counting your many blessings, one of which is how lucky we are to be living in the U.S.A. , and, most particularly, TEXAS! Best Regards,

Janis Arnold janisarnold1@gmail.com Anne Farrell Peterson info@REDNews.com Sue Durio info@REDNews.com Andrea Slaydon info@REDNews.com Brandi Smith info@REDNews.com

CONTRIBUTING WRITERS

Ray Hankamer rhankamer@gmail.com Anne Ferrell Peterson info@rednews.com

EMARKETING DIRECTOR

Rahul Samuel emarketing@REDNews.com

DIGITAL/MARKETING DIRECTOR Tony Nelson digital@REDNews.com

MARKETING/SALES DIRECTOR

Eric Goins marketing@REDNews.com

ACCOUNTING

Benton Mahaffey accounting@REDNews.com

SALES

Eric Goins marketing@REDNews.com Ginger Wheless ginger@REDNews.com

PRINT & DIGITAL DISTRIBUTION

REDNews is directly mailed each month to commercial real estate brokers, investors & developers throughout Texas and the US. Texas Brokers: 8,150 Texas Leasing/Tenant Rep: 6,232 Texas Investors: 4,979 Texas Developers: 4,710 Outside Texas Investors, Brokers, Developers etc: 26,387

Ginger Wheless

TOTAL QUALIFIED REDNews DISTRIBUTION: 50,458 REDNews has gone green using recycled paper. Thank you Midway Press! To subscribe to REDNews call (713) 661-6300 or log on to REDNews.com/subscription. 5909 West Loop South, Suite 135 Bellaire, TX 77401

November 2016

FOR LEASE – 66,200 SF FABRICATION FACILITY ON +/- 6 ACRES Located Near IAH – Adjacent 13 Acres Available

• Located at 16736 East Hardy Road • Entire Site is Stabilized / Paved • 11 Overhead Cranes, 5-25 Tons, 20-30 Foot Hook Height • 16 Jib Cranes at 1 Ton Each • Heavy 3 Phase Electrical Service • Wash Bay and Paint Booth • Features 3 Mouse Holes & 2 Test Bunkers • Guard House & Security System • Rail Served • Adjacent 13 Acre Storage Yard Offered Separately

Stephen George – 281.820.1677 www.SGeorgeInc.com – SGeorgeInc@aol.com No warranty, either expressed or implied, is made as to the accuracy of the information contained herein, and is submitted November subject 2016 to errors, omissions, or withdrawal without notice. All information contained herein should be independently verified by the person relying thereon.

Finding Its Center How the Real Estate Center has changed the industry in Texas Gary Maler, Director

BY BRANDI SMITH

There are few pieces of legislation that could pass through the Texas Legislature with unanimous votes, but one could also argue that there are few organizations as valuable to the Texas economy as the Real Estate Center at Texas A&M University.

institute,” Laguarta recalled during a 2007 interview.

“When our last funding increase went through, there was not a single vote against us in the Senate,” said Gary Maler, the center’s director.

“We had the bill prepared by TAR’s general counsel, and then went to meet with the governor, lieutenant governor and speaker of the house,” said Laguarta. “They gave it their blessing, and away we went.”

Maler and those who preceded him in the position know the center’s challenges and triumphs, making the vote all that more satisfying. “Unanimous. I'll take that any day,” Maler said.

“Away we went”

As the two discussed the organization, Laguarta realized the value of such a center in Texas, where more than 100,000 people held real estate licenses. He took his idea to the Texas Association of Realtors in the weeks that followed, convincing leadership to go in on a venture that was by all accounts a gamble.

“As welcome as a skunk at a picnic” However, getting something as complex as a real estate research center up and running wasn’t that simple; the next task was finding a place to house it.

“The natural thought was, ‘Well, we have the legislature and the capital in Austin. TAR’s office is in Austin. Many of the state associations, home builders and real estate-related organizations are in Austin,’” Laguarta said. “UT was the logical choice.”

The Center, which is now “the nation’s largest publicly funded organization devoted to real estate research,” has come a long way since its humble beginnings The administrators at the more than 45 years ago, University of Texas’ school of but its story goes even business did not agree. They did further back to late accept a meeting with Laguarta, 1960s. That’s when Julio but it didn’t go as he had hoped. Laguarta, an instructor for the Realtors National “We felt as welcome as a skunk Marketing Institute, met at a picnic,” remembered Howard Benedict, a CCIM Laguarta. “They didn’t like from Connecticut. As the the idea of real estate, period, two discussed Benedict’s Late 1960s. Julio Laguarta had the idea especially in the curriculum at for a Texas “institute” dedicated to real presentation, Laguarta estate research. the UT business school. They said he was impressed just let it be known, not in a by the “detail in the direct way but in such a way it didn’t take a overhead slides he used.” rocket scientist to figure it out, that they were “[Benedict] was giving credit to something called the Connecticut Real Estate research 8

November 2016

not going to be receptive to housing the Center.“

“We considered all the options”

UT’s refusal eventually led to a meeting with Texas A&M’s Dr. A.B. “Pat” Wooten, which Laguarta recalled vividly: “Wooten sat at a gun metal desk with chairs to match. His office had few appointments. Wooten wore old, beat-up cowboy boots, a white, longsleeved shirt, and khaki pants. From his pocket dangled a string. I quickly learned it was his bag of Bull Durham tobacco; he proceeded to roll a cigarette.” Laguarta, who initially thought Wooten was an “A&M rube,” would eventually come to know him as a visionary.

“He was a very astute real estate professional and he got the picture,” Laguarta said.

It was decided initially that the Center would be located within the College of Agriculture instead of the university’s College of Business Administration.

On May 18, 1971. Gov. Preston Smith signed Senate Bill 338 creating the Center. L to R: Ervin W. Luedtke, Julio Laguarta, Robert Hale, Rep. Delwin Jones, Lawrence Miller, Dr. Harry O. Kunkel, Sen. William T. Moore, Dr. A.B. Wooten and Cecil Culpepper.

“We considered all the options, but upon close examination, we found real estate did not fit any better into the narrowly defined areas of finance or marketing,” Wooten told the Center’s senior editor in an interview earlier this year. “In fact, it was more closely aligned with the broad area of study encompassed by agricultural economics.”

Now that it had a home, the next step in getting the Center up and running was to get lawmaker approval. Legislation creating the Real Estate Center made it through the Senate with few arguments. However, it got stalled in committee when it reached the House, before eventually passing on May 6, 1971. Less than two weeks later, Gov. Preston Smith signed the legislation into law. “Years later, Preston Smith sent us a letter saying it was the best piece of legislation he'd ever signed,” said Maler.

“A university experience”

Wooten, who had been a tenured professor on campus, was named the first-ever director on Feb. 29, 1972. He said, while working on getting the Center set up, he never intended to be put in charge, but he attacked the challenge head-on. The first year of the Center was spent hiring staff (it had 18 employees by the end of

1972. Dr. A.B. ‘Pat’ Wooten was named first director of the Texas Real Estate Research Center.

its first fiscal year) and figuring out the parameters for the research projects it would take on.

“The organizational structure of the research center was based on the traditional landgrant concept — research, education and communication,” said Wooten. “It was a model that was proven to be successful, and it fit our legislative mandate exactly.” Almost overnight, the Center started making a name for itself in Texas’ real estate world. One of the first projects undertaken by staff was to build a rural land catalog, but the Center was also the recipient of the Census Bureau’s monthly building permit data. It also tackled massive research projects, such as a survey of the more than 66,000 Texans with real estate licenses. The legislature also mandated that, in

addition to providing information for professionals, the Center also help consumers. It did just that starting in 1974 when it launched educational programs such as “How and When to Sell Your Land” and the “Real Estate Settlement Procedures Act of 1974.”

envisioned. It has surpassed our expectations. And for Texans that’s saying quite a lot,” he told the audience at the ceremony.

“SOARS was a university experience for the broker who had been out there humpin’ it and trying to make a sale,” said Doug Moore, former head of the Center’s education division. “Some university graduates in attendance thought we should be giving tests all the time. We had to run SOARS when Texas A&M students were not on campus. But the summertime was a hard time to recruit real estate professionals because that was their prime selling season. But it was a good time to get instructors, most of whom were Ph.D. level people from other universities.”

dividends for the Center, Texas A&M and the real estate industry of Texas.”

The Center’s location in the College of Agriculture had added benefits: the creation of a graduate real estate program under the Master of Agriculture in 1972. It has since evolved to become the Master of Land Economics and Real Estate, then the Master of Real Estate after the Center became part of the Mays Business School. 1976. Dr. Stephen Phyrr from the University of Texas lectured at the

Also in 1974, the Center started its School of Advanced Real Estate Subjects, or SOARS, to provide more Center’s Studies of Advanced Real Estate Subjects (SOARS) program. training “These students for Texas left Texas A&M and real estate formed a network of well-educated leaders professionals. The formal education was of most of the state’s important real estate offered to offset some of the shorter training related organizations, such as the Veterans programs that were so common in the Land Board, the State Property Tax Board industry. and others,” said Wooten. “This has paid big

The Center’s emphasis on education was also marked by its early $100,000 endowments of two professorships: the William Jennings Professorship at the University of Texas at Austin and the Julia Laguarta Professorship at Texas A&M.

“The objective of establishing the professorship is in keeping with the mandate ... to work with colleges and universities in Texas,” said Dr. Wooten. “It’s only appropriate the professorship (at Texas A&M) be established in Laguarta’s name because he has been a strong supporter of real estate education for many years.”

A ceremony celebrating that professorship drew Laguarta to the Center for the first time in November 1981, giving him a chance to see the Center he helped create. “It has become even more than the founders

In 1977, the Center started printing Tierra Grande, its quarterly flagship magazine. The publication has received endless accolades in its nearly 40 years, but in 2016, the International Association of Business Communicators honored Tierra Grande with its 2016 Gold Quill Award. The magazine was one of only 10 U.S. winners, despite more than 650 entries from all around the world.

“Music to my soul”

The Center would get its second director, Richard L. Floyd, after Wooten’s abrupt retirement due to health issues.

“He was a full professor of agricultural economics, and that is all he wanted to do. He was the true professor and the students loved him,” said Floyd. That was the first substantial leadership change for the Center, which would evolve right along with the Texas real estate industry. That culture of change is what invigorates current director Gary Maler.

“I read a lot about creativity, spark, all those kinds of things. That's juice to me. That's like music to my soul,” he said. “I'm not a guy who says, ‘We're going to maintain the status quo. We're going to maintain the Center where it is.’ I would be bored to death.” Continued on page 10 November 2016

“At that point, I think they just said, ‘Who else is in a better position to lead the Center than someone who knows everything about it, really?’” said Maler.

“Where's that sweet spot?”

2009. The Center executive staff, from left: Gary Maler, Lynn Stevens, Patricia Smith, Elaine Lovell and Denise Whisenant.

2009. The Center research staff, seated, Dr. Mark Dotzour, left, and Dr. James Gaines. Standing, from left: Dr. Ali Anari, Dr. Charles Gilliland, Judon Fambrough, Beth Thomas, Gerald Klassen, Edith Craig, Mark Baumann and Dr. Harold Hunt.

2008. Communications staff posed for a team photo after winning another award. From left, Bryan Pope, Bob Beals, David Jones, Kammy Baumann, Nancy McQuistion and JP Beato.

Above photos were taken in 2009. Team members added since that time include: Executive Staff: Pamela Canon, Administrative Coordinator; Patsy-Rose Goodnight, Administrative Assistant Research Staff: Wayne Day, Research Associate; Gerald Klassen, Research Data Scientist, Joshua Roberson, Senior Data Analyst; Dr. Luis Torres, Research Economist Communications Staff: Nancy McQuistion, Tierre Grande Managing Editor

Maler, who was hired when Wooten led the Center, said he never intended to stay on for nearly four decades.

“I thought, ‘Well, I don't have a job. I'll do this for a couple years and then I'll go do something else,’” recalled Maler. “[Wooten] was a great guy and he had a great group of people doing fun things, challenging things. I love being around bright people. There are extremely bright people here. I ended up staying 38 years now.” His tenure hasn’t been without challenges. Maler assumed the interim director position

November 2016

from Jim Christian during a period when funding was scarce.

“We needed refinancing or we were going to go out of business,” said Maler. “I had to build a case to the industry to go to the legislature to ask them to take more money from the industry. That basically means the brokers had to say, ‘Up my fees to take care of the Center.’”

Maler managed to pull it off, securing the Center’s longevity, just as a new director came on board. It would be several more years before Maler would officially be chosen to lead the Center in 2012.

Just as technology has morphed substantially, so has the Center’s approach to disseminating the information it compiles. As an example, Maler cited his organizations’ incredible data pools. “We have a four-way partnership now with TAR, the local associations of realtors, every board in the state. We electronically download every single house that's listed and sold in the state of Texas through all the Multiple Listing Services going back five years,” he said. “We can pair that data with our government data that we have about economics, job growth, population and characteristics. Then we can determine just about anything about those neighborhoods and what's happening in the marketplace.” The Center intentionally leaves a large chunk of its calendar year open for shortterm research projects that may crop up, specifically to meet the immediate need of consumers and professionals. Maler said one of the topics he expects staffers to start investigating is price strategy related to property listings and changes in pricing.

“When you look at that ratio compared to days on market, you can start to see what kind of discount people are taking on various durations,” said Gerald Klassen, a research data scientist at the Center. “Where's that sweet spot where you think the market is? People want to go up a little bit higher, but how much higher should you go? We want to figure out what that pricing structure is.”

Maler said, while the Center has vast knowledge of existing home sales, his goal in the next five years is to get better insight into commercial real estate and the new home sales market. “My hope is that before I hang up my spurs, the Center will be able to forecast the magnitude of growth, population and development activity in the state of Texas,” Maler said. “I think we're going to do it.”

In the 45 years since its inception, The Real Estate Center at Texas A&M University has fundamentally changed how real estate is studied, analyzed and approached not just in Texas, but nationally. Under the leadership of director Maler, as well as its passionate staff, it will no doubt blaze even more new trails in the years to come. l

November 2016

1.08 ACRES FOR SALE Price

$750,000

Lot Size

1.08 AC

Price/AC

$694,444.42

Lot Type

Industrial (land)

1+ acre tract with 255’ frontage on Blalock with common easement access to Clay Rd. Located against Jack-In-The Box at the high car count intersection of Blalock and Clay. Cross access easement goes through Jack-In-The Box parking and includes signage easement on Clay. Clear and high, ready for development. Great tract to cash in on a very high volume established lunch traffic flow! Excellent for non-hamburger/taco fast food (chicken, sandwich, barbeque, etc), retail center, commercial, industrial or gated residential.

N. Blalock at Clay Road, Houston, TX 77041

• Electricity/Power • Irrigation • Water

• Telephone • Cable • Gas/Propane

18,000 SF LAND FOR SALE Price

$630,000

Lot Size

18,000 SF

Price/SF

$35

Lot Type

Industrial (land)

Operating Mini-storage. Buildings priced at no value, sold as lot only. Off Hammerly between Wirt and Bingle. • Electricity/Power • Water

2039 Pech Rd., Houston, TX 77055 8.05 ACRES FOR SALE Price

$1,404,008

Property Sub-Type

Retail (Land)

Lot Size

351,002 SF

Additional Sub-Type

Residential Land

8+ acres of level mostly clear land ready for development to residential subdivision, apartments, retail center, or most other projects requiring a large tract with great access. Frontage on Preston, Harris Street dead ends into back of tract, and great cross access easement through Kroger retail center that fronts on Red Bluff. This 8 acre tract borders the Kroger retail center and was originally for future expansion of the center. Tract has sewer in place on the site around the perimeter. Tract has a cell tower in back corner with potential for future income due to FCC regulatory requirements limiting construction of future cell sites. Great flexible non-approval owner financing. Located on Red Bluff at Preston between 225 and Beltway 8 Sam Houston Parkway.

N. Preston, Pasadena, TX 77503

• Electricity/Power • Water

Contact: Cathy Cagle November 2016 713.561.7528 or ccagle@johndaugherty.com

• Telephone • Cable

• Gas/Propane

John Daugherty Realtors 520 Post Oak Blvd, Floor 7 Houston, TX 77027

20 ACRES FOR SALE; WILL DIVIDE INTO SMALLER TRACTS Northwest Corner of Brittmoore and Clay Rd.

20.12 acres of unrestricted retail/commercial/residential land located on the northwest corner of Brittmoore and Clay Rd. Tract has available utilities, water and sewer. • • • • •

Electricity/Power Water Telephone Cable Gas/Propane November 2016

Spacing Out:

Houston's new spaceport promises endless development opportunities

Steven A. González

Arturo Machuca

BY BRANDI SMITH

International travel is about to take a wild detour, offering expedited trips just about anywhere in the world thanks to a network of spaceports cropping up all over the globe. One of those, the tenth in the U.S., is the Houston Spaceport at Ellington Airport. Put simply, a spaceport is a site from which spacecraft are launched. Those craft could carry freight or passengers, depending on its intended use, though it’s likely space tourism will come first as a means of paying for future development.

“The technology would start off by having joy rides to space with paying customers for $200,000,” said Steven A. González, the associate manager of the Strategic Partnership Office at the NASA Johnson Space Center. “Eventually [it] will allow for proven technology to get us over to China in four hours or to get to Australia in four hours. It's probably still a dozen years away for that, but that is the plan.” The means of transportation will be vehicles created not by NASA, but by private companies, such as SpaceX, Virgin Galactic and Blue Origin. “Richard Branson's vehicle flies over the Gulf. Underneath it is the rocket, but once it gets over the Gulf, it drops the rocket,” González explained. “The plane flies back and then the rocket goes up about 70 or 80 14

November 2016

miles over the Gulf, floats around for about five minutes and comes back down again. Then $200,000 dollars later, you've gotten to fly for five minutes.”

XCOR, by comparison, offers an integrated vehicle that doesn’t drop the rocket. Instead, González said, “It has an airborne engine that turns into a rocket and then comes back down again and flies like an airplane.”

"The long-term vision for a spaceport is to be able to enable point-to-point travel, anywhere in the world in four hours" - Steven A. Gonzalez The space tourism industry was meant to have taken off more than a decade ago. After all, when Sir Richard Branson, CEO of Virgin, first launched Virgin Galactic, he suggested commercial passengers would be able to visit the edge of space by 2009. Though more than 700 would-be space visitors have paid up to $250,000 for the promised trip, none have gone up. Yet. It only seems natural that Space City, being the home of NASA, would help propel these efforts forward. In addition to its aerospace roots, Houston also offers additional incentive for technology companies to invest in its spaceport. “Houston has commerce through the airports, through the Port of Houston, through the rail system and through the

interstate,” said González.

“Now it can leverage those commerce legs in order to support spaceport operations, because the long-term vision for a spaceport is to be able to enable point-to-point travel, anywhere in the world in four hours.”

When it was approved by the Federal Aviation Administration last August, Houston’s spaceport was the tenth such project in the country. Others can be found in Oklahoma, California and New Mexico. But Houston-area leaders feel theirs holds an advantage over the others: it is the only one located in a metropolitan city. “I know that Arturo Machuco, the director of Ellington, likes to talk to Richard Branson and Virgin Atlantic and tell them, ‘You know, you can go to New Mexico, but when you're finished paying $200,000 and you land, what have you got? What do you have to see? Come to Houston. Afterward, you can go down to take a cruise of Galveston. You can go see a show. You can at least stay at a nice four- or five-star hotel. Not too many of them right there next to [New Mexico’s] Spaceport America,’” González said. Far from competition with other spaceports, managers of Houston’s site are working with others in the Lone Star State to develop what González called a “Texas strategy.” That includes properties in Midland and Brownsville.

“Let's not compete against one another; let's work together. Each has a unique business model and a unique community that they are targeting,” said González. “For example, we have the expertise here in Houston with the

NASA Johnson Space Center. Brownsville doesn't have the expertise yet. Is there a way to develop things in Houston and be able to partner up with the community down there?” As commercial space travel generates more money and draws new interest, development will continue at the Houston Spaceport. Currently, crews are working on an innovation center.

"We are developing infrastructure of the future and we're just getting it started," said Arturo Machuca, the spaceport’s general manager. "We still have plenty of good challenges in development ahead of us." “[The goal is] to be able to attract technology companies, to attract startup companies, to attract universities and industries that are able to see the potential of what happens when this new commerce exit is introduced to Houston,” González said. The innovation park is in the design phase and will go out for bids for construction after that, according to González. In the meantime, spaceport managers are also building economic partnerships that will lead to long-term investments.

“[They are working on] two very major aerospace deals to come in there,” González

said. “They're exciting companies. They will transform the community because it really will be pushing the envelope as far as the technology that they are able to introduce, and bring Houston into the next generation of space exploration.”

"We still have plenty of good challenges in development ahead of us." - Arturo Machuca Already, the spaceport has a tenant: Intuitive Machines, a company that develops “engineering solutions at the unimagined intersections between energy, medicine and aerospace,” moved into a 53,000-square-foot office building neighboring NASA’s Neutral Buoyancy Lab on Aug. 1. "It's a great opportunity and experience for us," said Health Mooney, director of production facilities management at Intuitive Machines. "We're the first ones (tenants) here. This is a burgeoning industry that will only grow and we want to be a part of it."

“He's also looking at a couple other innovative startup companies to go in there. They're quickly starting to fill up that facility.”

This month, the Houston Spaceport will likely be a focus of the 2017 Space Commerce Conference and Exposition (or SpaceCom) at the George R. Brown Convention Center. The conference, touted as the “largest dedicated space commerce event in the U.S.,” runs from Nov. 15 to Nov. 17. González said more than 39 U.S. states and 32 countries will be represented by the more than 1,700 expected attendees. “It's wonderful for the city to come to NASA to say, ‘We would like to create an event that will reclaim our Space City identity,” González said. Reclaim it, Houston has. Decades after NASA’s creation, the city once again leads the way, blazing a new path forward with space and technology. l

“[Machuco]’s also negotiating deals with an international company called Catapult, which specializes in satellite imagery data and analysis for industry,” said González.

Courtesy of Houston Spaceport

November 2016

RETAIL SPACE FOR LEASE

Kaleidoscope

♦ 2,340 SF and 3,026 SF available on second floor. Base rent $15.00 PSF & NNN $4.20 PSF ♦ Excellent for retail, office or professional use ♦ 2 blocks west of Beltway 8

10612 Westheimer, Houston, 77042

Woodland Park Shopping Center ♦ 800 SF-7,350 SF available. Base rent $15.00-$18.00 PSF & NNN $3.60 PSF ♦ +/- 592’ of frontage on Westheimer ♦ 372 surface parking spaces available ♦ Traffic counts - 82,880 CPD (Westheimer) ♦ Pylon signage available ♦ Aggressive lease terms

11380 Westheimer, Houston, 77077

A A Realty Co

Accredited Management Organization

For more information

Kenneth K.Y. Leung 281.467.3535 713.988.0888 x108 16 November 2016www.aarealtytx.com eleung8888@aol.com

For all your commercial real estate needs, we’re here to point you in the right direction. LANDLORD & TENANT REPRESENTATION • SITE ACQUISITION • SALES & LEASING • REAL ESTATE CONSULTING • PROPERTY MANAGEMENT Windvale Shopping Center For Lease

3091 College Park Dr., The Woodlands

Montgomery Trace Retail Center For Lease

Retail Center For Sale or Lease

20821 Eva St./HWY 105 West, Montgomery

2626 Research Forest Dr., The Woodlands

• Grocery-anchored center located at the SEC of SH 242 and FM 1488 • Various retail spaces available, from 1,000-9,400 SF including built-out medical space • .6 acre, .9 acre, 1.6 acre pad sites also available • Close proximity to St. Luke’s Hospital, Methodist Hospital and Texas Children’s Hospital. • Area retailers: Walmart, Lowe’s, At Home, Kohl’s, Burlington Coat Factory, HEB

• • • •

A Brookshire Brothers grocery anchored center Located in the heart of Montgomery, TX Great visibility and accessibility to SH 105 and 149 Several 2nd generation retail and restaurant spaces available • Conveniently located to Walden, Bentwater, April Sound, La Torretta, Grand Harbor and many other exclusive lakeside communities • Less than 1.5 miles from the Montgomery High School campus

• Situated on 1.73-acre lot • 8,400 SF building, 3,900 SF suite available for lease • Located across from Research Forest Lakeside Development with nearly 2-million SF of new office improvements under construction • Great location on the going-home side of Research Forest Drive, one of the main arteries within The Woodlands • Located approximately 1-1/2 miles west of Interstate 45

Magnolia Crossing For Lease

46 Acres For Sale

1.9, 2.1, 4.35 & 2 +/- Acres For Sale

33300 Egypt Ln., Magnolia

I45/Longstreet, Willis

25700 I-45, Spring • 250,000 SF of Class ”A” office building, designed as LEED Silver Certified with high-end finishes • Attractive 4-story, tilt wall and glass office building with 4-level covered parking garage • Located between the ExxonMobil Campus and The Woodlands Town Center with access to numerous amenities • Site has excellent access and visibility along I-45 between Woodlands Parkway and Rayford/Sawdust Road • Close proximity to Hardy Toll Road; readily accessible from George Bush Intercontinental Airport and the Houston Central Business District

31, 18, & 30+/- Acres For Sale

SH 249/Brown Rd., Tomball

SH 242, Conroe

• Located within 1 block of Westwood Shopping Center, which includes Target, TJ Maxx, Ross, Office Max, PetsMart, Gold’s Gym. Area restaurants include: Chili’s, Starbucks, Taco Bell, Chick-fil-A, Five Guys Burgers, Which Wich Sandwich Shop, and Brother’s Pizza to name a few. • The property features abundant parking, courtyards and open breezeways. • Suites are individually metered and feature: 1-7 offices, reception area, kitchenettes and private restrooms. • Property is located in The Woodlands Submarket, one block north of Research Forest Drive, and approximately 6.2 miles west of Interstate 45.

• Property consists of 46 +/-approx. acres at the NEC of Long Street and Interstate 45 in Willis. • 2,274 FF on I-45 • Located approximately 17 miles from The Woodlands and 45 miles from Houston • Site is located on the north end of the City of Willis, located South of New Waverly and North of the City of Conroe • Property is located in Zone X (to be verified, per Montgomery County Flood Plain Viewer) • Utilities: Available through the City of Willis

• Located in growing Woodlands Submarket, approximately 2 miles east of Interstate 45, on south side of SH 242 • Interstate 45 & SH 242 Fly over is now complete • New Development: Methodist Hospital & Texas Children’s, Costco, Mercedes Benz Dealership • Potential Uses: Retail pad/strip center, medical/ professional office, investment

Legendary Oaks Golf Course-209 Acres For Sale

Class “A” Office Space For Sub-Lease

Technology Plaza For Lease

43279 Urban Rd. Hempstead

28420 Hardy Toll Rd., Spring

4223 Research Forest Dr., The Woodlands

• PRICE REDUCED! $3,175,000 $2,850,000 $2,450,000; ALL OFFERS CONSIDERED • Semi-Private Golf Course and Recreation Center situated on 209.5 acres • Seller Financing Available • Opportunity to add additional income to an operating, profitable golf facility • Over 3,375 feet of frontage along US Highway 290, offering great visibility to the 145,000+ passing vehicles per day • Located 49 miles northwest of Houston, Texas

Havenwood Office Park For Lease

• Space Available: Suite 100: 6,900 SF and Suite 120: 4,200 SF (Total Available: 11,100 SF) • Efficient Floor plans • Below Market Rates • Flexible Term Length • 4.0/1000 Parking Ratio • Less than 1 mile from Major Area Landmarks: ExxonMobil Campus, Southwestern Energy, Springwoods Village, Hardy Toll Road, Interstate 45, and Grand Parkway

• 3,000 SF end-cap, former restaurant space with patio • Located at a signalized intersection on the southwest corner of Research Forest Drive and Technology Forest Blvd., less than 2 miles west of Interstate 45 • Directly Across from Fox Network Center, manned by 400+/- employees • VillaSport Athletic Club & Spa (85,000 SF), is adjacent to site • Research Forest Drive is a main artery providing access within The Woodlands

• • • •

Commercial Pad Sites Available Near HWY 249 & FM 2920 City of Tomball water and sewer Adjacent Retailers include: Lowe’s, Target, Academy, and Kohl’s to name a few • Property located within City of Tomball

Woodlands Town Center For Lease

10101 Woodloch Forest Dr., The Woodlands • Class “A” Building with rare opportunity for prestigious co-tenancy with McKesson Healthcare and Schlumberger • Stunning views of The Woodlands Waterway with floorto-ceiling glass windows • On-site full service restaurant for employees and customers • Full service gym with classes and equipment • On-site security and key-card access • Covered garage with 4/1,000 parking ratio

10077 Grogan’s Mill Road, Suite 135 The Woodlands, TX 77380

281.367.2220 jbeardcompany.com November 2016

This information contained herein has been obtained from reliable sources; however, The J. Beard Company, LLC and The J. Beard Real Estate Company, L.P. makes no guarantees, warranties or representations to the completeness or accuracy of the data. Property submitted is subject to errors, omissions, change of price, prior sale or withdrawal without notice.

Excerpts From Full Reports

Marketview

Houston Industrial, Q3 2016 Delivery of Daikin plant heats up NW submarket in Q3 2016 TRENDS Despite the Houston industrial market continuing to feel the effects of the precipitous oil price drop of 2015, fundamentals and development activity remain sound at an overall vacancy of 5.3%, and the market continues to experience positive net absorption. Availabilities and reduced activity in the oilfield services and manufacturing sectors remain a drag on the local economy, but both stabilizing oil prices and forecasts of rising prices in the medium-term give hope that the rout may soon be over and pave the way for renewed industry expansion. While break-even price points for several North American shale plays have been met, confidence for longer-term stable prices must be rebuilt and additional time must be accounted for in the case of supply line spin up in the oil field services sector. The delivery of the Daikin manufacturing facility at 290 and the Grand Parkway was a major boost to absorption in the Northwest submarket, and is a similarly large boost to employment in the area, as the facility will support an estimated 5,000 new jobs at full capacity. Daikin’s roughly 4 million sq. ft. manufacturing and distribution facility is the largest tilt wall structure in the world, and represents the footprint of about 70 football fields. This facility is the product of an estimated half-billion dollars of investment by Japan-based Daikin and consolidates the operations of four existing plants in its Goodman air conditioning division—two of which were already in Houston.

El Paso Industrial, Q3 2016 Back in the black; net absorption rebounds positively •

Net absorption returned to positive territory after seeing negative figures in the previous quarter for the first time in 2 years.

•

Overall industrial vacancy remained flat at 8.7%.

•

Vacancy for competitive, Class A space of 100,000 sq. ft. or less is the tightest segment at 2.1%.

•

Market-wide average asking rents remained above record-high levels.

•

New construction projects started moving dirt in Santa Teresa – additional project planned.

POSITIVE ANNUAL TERRITORY STILL HOLDS ON The local market saw positive net absorption this quarter after registering its first negative net absorption in Q2 2016 since the recovery began in early 2014. Leasing activity remained healthy in Q3 2016 and year-to-date market net absorption increased in positive territory. The overall industrial vacancy rate remained steady, but healthy at just below 9.0%.

Source: CBRE Research, Q3 2016

November 2016

OAK RIDGE NORTH COMMERCE PARK AVAILABLE FOR LEASE

BUILDING FOR SALE OR LEASE 5330 Gulfton | Houston, TX 77081

Serving the WoodlandS & north houSton

Motivated Owner!

27329 / 27341 SPECTRUM WAY I-45N & Robinson Rd (Woodlands Parkway) Ideally located in North Houston/The Woodlands Business Park offers a prestigious address, close to shopping & restaurants and in a busy business environment. Easy access to Houston, I-45N, Hardy Toll Way, Grand Parkway 99 & IAH Airport.

PROPERTY FEATURES:  Total Size: +/-61,608 SF  Office: +/-4,000 SF  +/-20’ Clear Height  4 Grade level doors  1 Semi dock door

 Can install additional grade level or dock high doors with truck court  Close proximity to Galleria, Loop 610 and Highway 59  Available Immediately  Call Broker for Pricing

• New Industrial Office-Warehouse Facilities in Business Park Environment

www.ngkf.com

• Two, New Class A, Tilt-Wall, Freestanding, 25,000sf Office-Warehouses • Both locations are 25,000sf with 3,300sf office on 2.25 acres each

Procuring broker shall only be entitled to a commission, calculated in accordance with the rates approved by our principal only if such procuring broker executes a brokerage agreement acceptable to us and our principal and the conditions as set forth in the brokerage agreement are full and unconditionally satisfied. Although all information furnished regarding property for sale, rental, or financing is from sources deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof and it is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice and to any special conditions imposed by our principal.

Office: 936-295-2500 Andy Flack, Broker andy@homelandprop.com

Karen Stout karen@homelandprop.com

• 852± Acres • Rye, Liberty County, Texas

• Over 14,000 feet of Burlington

• 5 Overhead Doors (2-Dock-High; 3-Grade Level) • 10-Ton Crane ready, 28’ Clear Height, 100% Sprinkled, Electrical 3PH, 480V • Easy access to I-45N, Woodlands, SH 8, Grand Pkwy, Hardy Toll, Houston

Marc Drumwright Southwest Realty Advisors 713-464-6045 marc@sracommercial.com

Industrial Rail Frontage • 2,005± Acres

• 820-1,200+ Acres

• Transition Timberland Adjoining Sam Houston National Forest

• Cleveland, Montgomery/ Liberty County, Texas

• New Waverly, Walker County, Texas

• Over 14,800 feet of Burlington

Northern Santa Fe railroad frontage

• Over 9,000 feet of Union

Northern Santa Fe raiload frontage

• ~2.8 miles of FM 787 frontage, SH 146 frontage

• East of I-45, off SH 75 & FM 2296

• Between I-45 & US 59, off SH 105

• $4,995/Ac

• $5,750/Ac

• $2,500/Ac

Pacific railroad frontage

November 2016

Excerpts From Full Report

Marketview (cont.)

Dallas/Fort Worth Industrial, Q3 2016 Big D boom: industrial market sees record quarterly demand •

Industrial occupiers in Dallas/Fort Worth took down 8.9 million sq. ft. during Q3 2016.

•

Q3 2016 set the ten year record for the highest level of quarterly absorption.

•

The total vacancy rate continues to compress, down 63 basis points (bps) to 5.8%.

•

Developers delivered 5.2 million sq. ft. of industrial space to the market, with three million sq. ft., or 57%, pre-leased.

•

The Great Southwest/Arlington submarket has the highest amount of active construction, with 5.8 million sq. ft. under construction in the submarket.

•

South Dallas is still a hub for leasing activity, with 1.9 million sq. ft. absorbed during the Q3 2016, the highest amount among the nine industrial submarkets.

Source: CBRE Research, Q3 2016.

McAllen Industrial, Q3 2016 Vacancy at new cycle low; on track to net absorption record •

The market vacancy rate fell by 47 basis points (bps) quarter-over-quarter and 341 bps year-over-year.

•

71.0% of gross absorption in Q3 2016 was channeled through Class A product.

•

By the end of Q3 2016, year-to-date net absorption was more than 1,300,000 sq. ft.

•

Substantial construction project deliveries in Q3 2016 pushed total under construction sq. ft. to a two year low. Two new sites began moving dirt during Q3 2016

•

Produce out of Mexico continued pushing demand for cold storage warehouse. This industrial segment is essentially at full occupancy.

Source: CBRE Research, Q3 2016

November 2016

Versatile Manufacturing, Storage and /or Distribution Facility For Sale or Lease In Prime Port of Victoria Location

782 FM 1432 Victoria, Texas 77905 • 5 Buildings totaling +/- 57,000 SF in excellent condition on 30 acres land

• Building 1: 299,000 SF (Recently Completed) Trey Fricke • Building 2: 343,720 SF (Build to Suit) tfricke@lee-associates.com 972.934.4010 • Rail Available Will consider moving allowance for • 32’ Clear Heights leases signed before November 30, 2016 • Trailer Parking

• Includes crane-served main shop, fabrication /paint/sandblasting/maintenance shop & 4000 sf office • 8 acres improved gravel outside storage yard • Minutes from Port of Victoria • SELLER FINANCING AVAILABLE – VERY COMPETITIVE LEASE RATE

Bill Hall 832-594-2828 billh@beardeninvestments.com

Reach REDNews readers’ more than 120,000 eyes!

Easily list your properties for

FREE

Looking for the right fit for your business? It’s here in Waller County.

online at rednewsonline.com or call 713-661-6300 Contact REDNews for any questions regarding the upcoming issues and advertising: (713) 661-6300 / emarketing@rednews.com

November 2016

STORES NOW OPENING

W NG O N SI A E L

Largest retail project under construction in Houston with over 1.5 million sq ft of retail and mixed-use.

Excellent Demographics $88,237

195,424

AVG HHI

POPULATION

15 Minute Drive Time

1,000,000+ SQ FT

Gra

600,000+ SQ FT

RETAIL

New Caney

The Woodlands a rk nd P

y wa

Porter

Spring

MIXED-USE

Kingwood

Trade Area

Shopping • Dining • Entertainment • Hospitality • Office • Multi-Family

(15 Minute Drive Time)

Come Join Our Lineup:

1960 IAH

25 Minutes to

610 NAILS OF AMERICA

Brady Wilkins

A DEVELOPMENT BY

Eric Walker

Executive Vice President 713-452-1706 bwilkins@signorellicompany.com

281-816-6550 ewalker@capitalretailproperties.com

Kevin Layne

Associate 22 November 2016 713-452-1720 klayne@signorellicompany.com

Downtown Houston

Geoff Bracken

ValleyRanchTownCenter.com

281-816-6550 gbracken@capitalretailproperties.com

Fixed-Rate COMMERCIAL

Real Estate LOANS for owner occupied, investment and multi-family properties.

Purchases, Construction and Refinancing Fixed-Rates up to 15 Years Up to 25 Year Amortization No Prepayment Penalties Conventional and SBA Loans

1-800-580-3300, ext 53800 | rbfcu.org Business Lending rates and terms are subject to change and are offered with approved credit.

GReenberg & Company Commercial Real Estate Brokerage Firm

5900 Memorial Drive Houston TX 77007

professional offices great locations 3323 Richmond Ave.

Houston TX 77098

Space Available: 4,597 SF (Retail) & 1,958 SF (Office)

Space Available: 12,300 SF - Covered Parking

• Prestigious Neighborhoods • Neighboring Memorial Park Area • Building Size: 32,444 SF • Land Size: 37,778 SF

• Greenway Plaza / Upper Kirby Area • High Traffic Counts • Major Thoroughfare • Building Size: 12,300 SF • Land Size: 19,000 SF

Major Thoroughfare Lease Price: Call for details

Great Visibility Lease Price: Call for details November 2016

5959 Richmond Avenue, Suite 440 Houston, TX 77057 - Phone: 713-778-0900 - WWW.GREENBERGCOMPANY.COM

civil fair play

Water woes:

Texas developers weigh in

Larry Johnson

Mark Sappington

BY BRANDI SMITH

In October’s REDNews, we explored the topic of Texas water issues and their impact on development in the Lone Star State. This month, we’re tackling the same issues from the developers’ perspective. Flooding is a significant and welldocumented issue throughout Texas, especially in the Houston area. Looking back to 1929 and especially 1935, data reveals the Bayou City’s longstanding battle with floodwaters.

In December 1935, water rushed through downtown Houston, causing damage that totaled nearly $3 million ($52 million in today’s dollars).

“That year, it got so deep in downtown, it went up to the second floor of the buildings, “ said Mark Sappington, vice president at Cobb, Fendley & Associates. “There's actually video that you can see on YouTube showing the water rushing by, inundating all of the buildings at a lower part of downtown.” That flood resulted in the formation of the Harris County Flood Control District, which has since created multiple bayous and other mitigation tools to minimize the flood potential in the Houston area.

“The Flood Control District, I think, has done just a marvelous job of putting together and implementing a plan for a series of regional basins to control the transference of the flow from upstream to downstream. By putting in some very large regional detention basins, they have lowered the amount of water that's continuing downstream, and have, 24

November 2016

I feel, significantly lowered the flooding effects that would have been,” Sappington said.

Experts say one of the reasons flooding in Houston, as well as other parts of Texas, has caused so much damage in recent years is because of the exponential growth and development during that time.

“The key not to lose here is that Houston has always flooded,” said Sappington. " The Key not to lose here is that Houston has always flooded," said Sappington. “It's kind of a love-hate relationship, but development can be done in a proper way that doesn't affect or worsen the flooding upstream or downstream.”

Developers have mounted efforts to minimize the impact on the floodplain, even as demand for growth and new development

for administering the Clean Water Act get involved, i.e. TCEQ, Texas Parks and Wildlife and the Texas Historical Commission.” With so many different organizations involved, the permitting process alone can take anywhere from one to three years, according to Johnson.

“It takes a team of consultants, lawyers, engineers, and environmental specialists to guide you through the process,” he said. The end result, though, is a responsible approach to resource management, mitigating the impact of flooding as much as possible. Still, despite their best efforts, developers often receive blame during historic flooding events.

Credit: City of Houston

boomed. Sappington says the key idea is “do no harm.” “In developing the floodplain, the engineer and the developer ensure through modeling and other means that they are not raising water surface elevations upstream or downstream,” said Sappington. He went on to explain that, while Harris County does allow filling of the floodplain, any volume the developer fills must be excavated nearby in a “tit-for-tat ratio.”

“That protects the people downstream, so you're not creating problems and you're not affecting downstream property owners with more water, higher flows and higher elevations,” Sappington said. “The development community, by far, plays by the rules and has a good record of wanting to do what is right.” Larry Johnson, president and CEO of The Johnson Development Corp., said that’s

especially true when working on a masterplanned community.

“We have to go through a long and complicated process,” he said. “We have to go through a long and complicated process,” he said.

That process begins with the local flood control administrator. If the project poses any environmental impact, which happens more often than not, Johnson said the next step is applying for a permit with the U.S. Army Corps of Engineers.

“Once we go to the USACE, virtually every other federal resource agency and environmental group, i.e. the Environmental Protection Agency and U.S. Fish and Wildlife, gets input on the permit,” he said. “The state agencies that are responsible

With so many different organizations involved, the permitting process alone can take anywhere from one to three years, according to Johnson. “It is a very emotional issue. I mean, when you are standing with water in your home, you want to blame someone,” Sappington said. “I feel unjustified sound-bites can undo a lot of good engineering and good development that gets painted as being the cause of the flooding when it really isn't.”

The cause, Sappington said, is simple: when you get upwards of 15 inches of rain in a matter of hours, there’s nowhere for it to go in the Houston area. “We're flat. Water travels very slowly. We don't have mountains. We don't have water rushing down; it moves very slowly from upstream to downstream,” he described. “As it goes slowly, it spreads out and, being flat, just a little bit of rise in water surface elevation inundates a lot more area."

Despite its geographic challenges, Texas development shows no signs of slowing as the state’s population grows by the thousands. It’s imperative to remember in the years to come, especially during the next flooding event, that developers are working to strike a tenuous balance between the overwhelming need presented by the influx of people to Texas and the environmental obstacles posed by Mother Nature. l Credit: Pinnacle Design / Build Group Inc. November 2016

LOW RATES & GENEROUS BUILD-OUT 3131 W. Alabama, Houston, TX 77098

2550 N. Loop West, Houston, TX 77092

SITE

r Jeste

W. Alabama

W TC

l ul p! f s u ha ack g in or b d il t Bu era n ge

rs o lo l F le l Fu ilab o a Tw Av

Dacoma St Kirby Dr

Buffalo Speedway

SITE Richmond Ave

● Greenway Plaza area ● 3rd floor available - built out for tech company ● Ample secure parking & surface parking ● On-site management & card access

W 18th St

● Brookhollow area ● First floor space available ● Ample secure parking & surface parking ● On-site management & card access

For More Information Contact: Bob Ryan | 713.523.1600 (Office) | 713.385.0225 (Cell) | bob@innerloop.net or www.innerloop.net

November 2016

DAIRY ASHFORD / MEMORIAL

PASADENA

CHAMPIONS AREA

3315 BURKE ROAD Pasadena, TX 77504

909 DAIRY ASHFORD RD Houston, TX 77079

908 E. SOUTHMORE BLVD. Pasadena, TX 77502

17030 NANES HOUSTON, TX 77090

• 46,462 SF, Three Story MOB • 80 Free Surface Parking Spaces • Recently Renovated Lobby • Generous TI Allowance • 532-3,068 SF Available

• Up to 11,929 NRA Available • Two Story MOB • On Site Pharmacy • Located 2 miles from the NW Medical Center

GREENSPOINT

CHAMPIONS AREA

GALLERIA

ENERGY CORRIDOR

550 GREENS PARKWAY Houston, TX 77067

14505 TORREY CHASE BLVD Houston, TX 77014

7660 WOODWAY Houston, TX 77063

1505 S. HIGHWAY 6 Houston, TX 77077

• 560- 11,080 NRA Available • Beautiful Atrium Lobby, High End Finishes & Lush Landscaping • Secured Covered Parking

• 580-8,536 NRA Available • Completely Remodeled in 2015 • Private Corner Balconies on Upper Floors • Located near FM 1960 & I-45 in Champions Forest

MISSOURI CITY

WOODLANDS

DICKINSON

PEARLAND

3340 FM 1092 Missouri City, TX 77459

19189 INTERSTATE 45 S Shenandoah, TX 77385

650 FM 517 Dickinson, TX 77539

11041 SHADOW CREEK PARKWAY Pearland, TX 77584

• Up to 4,451 SF Retail Space Available • Easy Access to Highway 6 & U.S. Hwy 59 • Traffic Count Exceeds 30,653 CPD

• 1,300 SF Available • Freeway Visibility from I-45 North • Located in Shenandoah Market • Ample Parking & Pylon Signage Available

CORPORATE OFFICE: 7887 San Felipe Houston, TX 77063 (713) 974-4292

• Up to 16,014 NRA Available • Five Level, Class B Office Building • Renovated in 2014 • Property Secured by Security Gate & Card Key Access

• 1,286 SF Available • 22,745 SF Shopping Center • Located at FM 517 & Hansen Dr. • Three Access Drives to its Parking Lot

SAN ANTONIO OFFICE: 12770 Cimarron Path St. 122 San Antonio, TX 78249 (210) 212-6222

OFFICE

• Two Story MOB • Renovated in 2008 • Up to 2,392 SF Available • Services the Memorial & Surrounding • Neighborhoods

• 1,117-10,551 SF Available • Lobby & Common Areas Remodeled • Covered Two (2) Story Parking Garage • Located near the Energy Corridor

RETAIL

• Three Story Office Building • Fully Remodeled Lobby & Common Areas • Conveniently Located Across Bayshore Medical Center • 885-3,596 NRA Available

MEDICAL

PASADENA

• 1,202 SF Available • 250,000 SF Master- Planned Class A Retail Complex • Located NW Corner of TX Hwy 288 and Shadow Creek Pkwy

AUSTIN OFFICE:

502 East 11th Street, #400 Austin, TX 78701 (512) 302-4500 November 2016

John Breeding

ray’s buzz

Interview with Larry Johnson

Ray talks to Larry Johnson with Johnson Development Corporation about master-planned communities and development BY RAY HANKAMER rhankamer@gmail.com

Larry, you are an icon in the development of masterplanned communities. Going back to your earliest days in the business world, how did you start, and how did that evolve into developing residential communities?

I first got into the real estate business when I was going to law school at the University of Texas when I went to work for a small real estate brokerage company selling low priced homes and decided I liked real estate better than being a lawyer. I moved to Houston in 1962 and continued working in real estate. Next I joined a commercial brokerage firm and specialized in selling land to developers. My first small development was in 1964, and I gradually gravitated to the master -planned communities. Over the years, how have the amenities you feel you must offer in your communities changed? Can you describe the current amenities which are common to your developments today?

Over the years, the amenities have changed from a small swimming pool, tennis courts and playground to large recreational parks with water park and large swimming pools, sport parks, walking trails, open spaces, meeting places, restaurants, tennis courts, pickle ball courts, soccer fields and exercise facilities. The Lifestyle Directors in our communities plan numerous activities and events for our residents. We had over 28

November 2016

one hundred events last year. Also, we have created charitable foundations in our communities to support technology, health and wellness, environment and education goals in the communities they serve. All segments of CRE have cycles, and you are in a number of markets across the US, each one presumably with its own cycle. How do you gauge the cycles, to be ready with new product just at the right time? Is there a magic statistic that you have come to trust, and pivot on?

Our master-planned communities are long term projects. You have to plan on going through one or more economic cycles and structure your financing to anticipate some down cycles. We gauge the cycles by watching the economy, and most importantly, job growth. We are in constant communication with our homebuilders who work directly with the homebuyers. If all goes well, how long do you budget for a community to sell out? Due to your reputation, are you able to pre-sell a high percentage of lots to waiting developers before you break ground?

Most of our communities are budgeted to sell out in 8 – 15 years depending on size and anticipated absorption. We rarely sell lots before we break ground. We do business with most of the major builders and have an idea who our buyers will be when planning the new communities.

What thought do you give to convenient mobility /

transit access when planning a development in a major market? We give a lot of thought to mobility and location. Most of our communities are suburban and have little or no access to public transit but have access to major roadways.

Larry, you have been honored with the designation "Scenic Visionary" by Scenic Houston, one of our city's most venerable and successful civic organizations. What aesthetic contributions have your communities pioneered that caught the eye of Scenic Houston? What have you done over the years in your communities that has been copied / imitated by competitors, resulting in rising standards overall for the communities in which you have developed?

We have always placed a huge emphasis on landscaping and maintenance. We have created ten thousand acres of parks and open space, two thousand acres of lakes and wetlands, two hundred thirty-five miles of walking trails and planted tens of thousands of trees. We have converted drainage ditches and bayous to major landscaped parks, recreation spaces and detention areas. A prime example of such a restoration was the award-winning regeneration of Flewellen Creek in Cross Creek Ranch into a major amenity, wildlife area and regional attraction and winner of the H-GAC 2013 Parks and Natural Area Award. One of our developments in Arlington, Texas named Viridian, is Audubon International Gold Certified.

Larry Johnson

Viridian is one of the only masterplanned communities in Texas designed to meet Audubon Gold Signature Standards and was, in fact, recently named “Certified Gold Signature Sanctuary.” Probably one of the most copied by our competitors are our water parks, amenities centers and Community Foundations. A new innovation is the start of Houston’s first Agrihood, Harvest Green, a farmcentered community.

Do you have any thoughts for young professionals wanting to enter into commercial real estate? Does one segment stand out in your mind as offering more opportunity right now than all the others?

I think the commercial real estate business is very rewarding. You can feel a great deal of self-satisfaction and financial benefits. Probably the retail business has more opportunities right now. Enough on the business side...when not working, what do you do for fun?

My job IS what I do for fun, when you enjoy what you’re doing you really can’t consider it “working”…… For many years my number one hobby was flying airplanes and I’ve been a pilot for over forty years. I still enjoy flying but now I am just a passenger. My wife Suzie and I spend a lot of time in the Hill Country. I was raised farming and ranching so it gets me back to my roots. We have five children, Larry, Chad, Scott, Nick and Jennifer, and seven grandchildren, all living in Houston. We enjoy spending time with them. We have a very busy and blessed life. l

ray’s buzz

BoyarMiller Breakfast Forum: The Current State of Capital Markets 2016 Speakers: Drew Kanaly, Kanaly Trust; Cliff Atherton, GulfStar Group; John Sarvadi, Texas Capital Bank BY RAY HANKAMER rhankamer@gmail.com

• One trillion dollars of ‘dry

powder’ (cash available for deals) is in the system

• Private investors chasing deals for yield compete with banks for some loans; tranches of ‘alternative capital’ come with healthy yields to investor/ lenders

TAKEAWAY: The U.S. economy is not in a full, robust “growth mode” because it is still in one of the longest recoveries following one of the deepest depressions. We are recovering, not expanding. Most recessions have been followed by robust growth, but not this one.

• Federal regulations designed

to prevent a future meltdown of the financial system are creating burdens on lenders; new regulations are “creeping in” wherever a future problem could arise, such as auto finance and payday lenders

• There is very strict regulatory

guidance on leveraged lending; we need to prevent another Great Recession in the future

• Banking is less profitable in a

low-interest rate scenario like we are now in

is some downside risk in the economy

• We are in a very unusual time,

• With rates so low, the Fed has

fewer “bullets” in case we have another downturn, and there

and business owners should take advantage of capital at low rates, by refinancing or arranging commitments for the future at current rates; raise capital ‘opportunistically’

O’Connor & Associates Multi-Family (MF) Luncheon Speakers: Jason Baker – Baker Katz; Alan Hassenflu-Fidelis; Jeff Read-Read King BY RAY HANKAMER rhankamer@gmail.com

TAKEAWAY: Occupancies in Classes B, C, & D are exceptionally high; Class A less so. Market should stabilize by early 2018. Investment sales are healthy with lots of 1031 money coming in from other states. • Owners must sharpen up their operations to attract tenants

• Leased single family homes are in demand so rents are rising, driving tenants to MF

• Seniors are a new tenant

segment for MF operators, as they retire and downsize

• There will be a sharp drop

in supply growth beginning in 2018, as soon as projects currently under construction are delivered to the market

• There is no construction

financing available for new MF projects

• 2/3 of MF supply in Houston is in Class B, C, & D-occupancy

in B & C is 93-95% and for D is 90%, up from traditional 75%

• Lots of out of state investment (1031 especially) money looking for yield in Houston-a recent project for sale

• Houston MF projects are

selling at a premium over those in other Texas cities

Offering Properties & Hotel Consulting PROPERTIES AVAILABLE • Hotel, Condo, Retail Site - Cruise Terminal - Galveston, TX • Freeway Sites - I-20 - Monahans, TX • 30 Acres Commercial/Rail Serviced - Tomball, TX • 12 Acres Residential/Commercial - I-45 - Huntsville, TX • Hotels - Statewide • Hotel Sites - Katy, TX

Contact: Ray Hankamer

HANKAMER & ASSOCIATES BROKERS, L.L.C.

Hospitality Consulting Services

40 Years Experience As Services Hospitality Consulting Developer, Owner / Operator 40 Years Experience an d Commercial Broker As

Agents: Ray Hankamer, Jr. rhankamer@gmail.com Pablo Szub szub@mail.com Sergio Pineda sergpineda@aol.com Dan Zimmerman danz@lacolombedor.com

Developer | Owner | Operator November 2016 29 (713) 922-8075 • www.hankamer.com

(713) 789-7060 www.hankamer.com

H & B

Environmental Due Diligence Can Get Sticky. Let Us, Your TEXAS Environmental Consulting Firm, Help You Navigate Through Your Environmental Risks.

Melanie Edmundson, P.G., Principal 832 485 2247 Melanie@PhaseEngineering.com

Full range of nationwide professional environmental services including: Phase I and Phase II ESAs • USTs • Asbestos • Mold • Lead • NEPA Reports Vapor Assessments • Wetlands • Property Condition Assessments

CENTRAL SOUTH TEXAS

November

BOMA AUSTIN: bomaaustin.org BOMA SAN ANTONIO: bomasanantonio.org CCIM: ccimtexas.com CETA: cetalliance.com CREW AUSTIN: crewaustin.com CREW SAN ANTONIO: crew-sanantonio.org CTCAR: ctcaronline.com IREM AUSTIN: iremaustin.org IREM SAN ANTONIO: iremsanantonio.org

RECA

CREW Austin

ULI Austin

November 3

November 4

November 6

2016 RECA Golf Classic

10th Annual CREW Careers

2nd Annual Bike Tour

11 am

1 Tuesday

1 pm - 4 pm

9 Wednesday

RECA: City of Austin Policy Committee Meeting RECA Conference Room - 12 pm - 1 pm

10 Thursday

BOMA Austin: November Member Luncheon 11:30 am - 1:15 pm CREW Austin: Board Meeting CTCAR: Property Information Exchange - 7:30 am - 9 am IREM Austin: Fall Forecast - Hyatt Regency Austin 8:30 pm - 10:45 pm

BOMA Austin: Committee Meeting - 11:30 am - 12:30 pm BOMA San Antonio: Program Committee Meeting CREW Austin: Special Events Committee Meeting CREW Austin: Communications Committee Meeting CTCAR: CE Course: "RPR Commercial" - 11 am - 1 pm IREM Austin: Planning Meeting for 2017 Leadership RECA: 2016 RECA Golf Classic Avery Ranch Golf Club - 11 am - 6 pm ULI Austin: Housing and Community Development Meeting - Invite Only ULI San Antonio: Young Leaders Think & Drink Paramour 5:30pm - 7:30 pm

11 Friday

ULI San Antonio: Communications Committee Meeting Invite Only - Overland Partners Office - 12 pm - 1 pm

15 Tuesday

BOMA Austin: Membership Committee Meeting 2 pm - 3 pm CREW Austin: Networking Luncheon REC San Antonio: Monthly Luncheon - The Pearl Stable 11:30 am - 1 pm

16 Wednesday

BOMA San Antonio: Luncheon - City of San Antonio Norris Conference Center - 11:45 am ULI Austin: Monthly Breakfast Series - Emerging Trends The Headliners Club - 7:30 am - 9 am

CREW Austin: 10th Annual CREW Careers Ann Richards School ULI San Antonio: Young Leaders Steering Committee Meeting - Invite Only - San Antonio Area Foundation 12 pm - 1pm

17 Thursday

CREW Austin: Community Services Event - Kendra Scott CTCAR: Networking Luncheon - 11:30 am - 1 pm

19 Saturday

BOMA Austin: 7th Annual Adventure Quest Concordia University - 10:30 am - 1:30 pm

30 Wednesday

CREW Austin: Membership Committee Meeting CTCAR: Professional Series: Building & Maintaining Client Relationships - 2:30 pm - 4 pm

BOMA Austin: Community Outreach Committee Meeting - 11 am -12 pm IREM Austin: Ethics for the Real Estate Manager Course Frost Bank Tower, Suite 1160 - 8 am - 12 pm RECA: November Ideas Forum Four Seasons Hotel - 11:15 am - 1 pm

2 Wednesday CREW Austin: Community Services Committee Meeting Zax on Barton Springs - 11:30 am

3 Thursday

4 Friday

6 Sunday

ULI Austin: 2nd Annual Bike Tour - Auditorium Shores 1 pm - 4 pm

7 Monday

CREW San Antonio: November Luncheon Norris Conference Center CCIM Central Texas: C110 / Course

8 Tuesday

BOMA Austin: Committee Meeting: Finance Committee - 11:30 am to 12:30 pm

RECA AUSTIN: reca.org REC SAN ANTONIO: www.recsanantonio.com RETAIL LIVE: retaillive.com TABB AUSTIN: www.tabb.org/austin_chapter.php TABB SAN ANTONIO: www.tabb.org/san_ antonio_chapter.php ULI AUSTIN: austin.uli.org ULI SAN ANTONIO: sanantonio.uli.org

November 2016

* Members Only

The events listed are confirmed at the time of printing. Please make sure to check with the event host for any changes. For the full listing of events, visit REDNews.com.

CENTRAL SOUTH TX

October

SOCIAL

CREW Austin CREW GOLF ADVENTURE CREW Austin held a golf outing on September 26 at The Hills Country Club.

ULI San Antonio KIPP BUILDING TOUR Top: L to R: Nicole Nadvornik, USAA Real Estate; Michael Baird, Baird Law; and Krystin Ramirez, Kaufmann Killen Bottom: ULI members getting ready for building tour.

ICSC Texas CONFERENCE & DEAL MAKING Top: L to R: Sebastien De La Cruz, from Converse, Texas who was on America's Got Talent, sings for the crowd with the wonderful mariachi band. Bottom: L to R: Christine Pollock and Kat Lindquist of Converse EDC smile for the camera at ICSC

CTCAR & RECA TRANSPORTATION TALK Pam Madere speaking on behalf of Coats Rose and CTCAR at a joint event with RECA on "Transportation" on October 11, 2016.

IREM San Antonio CTCAR HAPPY HOUR L to R: Butch West, West Commercial, and Stephanie Pierce, Spencer Pierce Architects + Interiors at Punch Bowl Social.

BOMA San Antonio SPORTING CLAY TOURNAMENT Top: Best overall shooting team - Fox Services Company Middle: Guard Texas Shooting Team - Title Sponsor Bottom: Longhorn Lot Shooting Team

OCTOBER LUNCHEON Top: L to R: Ginger Miller, IREM SA President, and City Councilman for District 1, Roberto Trevino. Councilman Trevino was the guest speaker for the luncheon. Bottom: L to R: Ginger Miller, IREM San Antonio President, front left, with UTSA students at the IREM October luncheon. November 2016

BOMA DALLAS: bomadallas.org BOMA FORT WORTH: bomafortworth.org CORENET NORTH TEXAS: northtexas.corenetglobal. org CREW DALLAS: crew-dallas.org CREW FORT WORTH: crewfw.org/ IREM DALLAS: irem-dallas.org IREM FORT WORTH: www.fortworthirem.org

NORTH TEXAS

November NT CCIM

BOMA Dallas

RealShare

November 10

November 18

November 16

Sporting Clays

Mardi Gras Masquerade Gala

Impactful Market Intelligence and World-Class Networking

11 am to 7 pm

7 pm - 11 pm

1 Tuesday

BOMA Fort Worth: Luncheon - Petrolum Club - 11:30 am

2 Wednesday

BOMA Dallas: Seminar: Reconciliations/Escalations McKinney & Olive - 8 am - 12 pm CREW Fort Worth: November Luncheon Fort Worth Club - 11:30 am - 1 pm IREM Dallas: Executive Council Meeting

9 Wednesday

BOMA Dallas: Allied Council Panel: Meet the Parmenter Team - 11:30 am - 1:30 pm BOMA Dallas: BOMI Course: Real Estate Investment & Finance, Accelerated - The Crescent - 9 am - 4 pm IREM Fort Worth: Luncheon - Ridglea Country Club 11:30 am

10 Thursday

North Texas CCIM: Sporting Clays - Dallas Gun Club 10 am - 4 pm NTCAR: 4th Quarter Membership Meeting - Frontiers Flight Museum - 7 am to 9 am BOMA Dallas: Principal Member "Plus One" Event Comerica Bank Tower - 5 pm - 6:30 pm

11 Friday

North Texas NAIOP: "New President, Now What?" Featuring Dr. Ray Perryman Dallas Country Club - 7 am - 9 am

15 Tuesday

NAIOP: northtexasnaiop.com NT CCIM: chapters.ccim.com/northtexas NTCAR: ntcar.org REC DALLAS: recouncil.com REC GFW: recouncilgfw.com TABB DALLAS: www.tabb.org TABB FORT WORTH: www.tabfortworth.com/ ULI NORTH TEXAS: northtexas.uli.org

BOMA Dallas: November Luncheon - The Hope Center 11 am - 1 pm REC GFW: Networking get together - 4:30 pm - 6:30 pm

17 Thursday

BOMA Fort Worth: Community Service Committee Meeting - Invitation Only - 11:30 am IREM Dallas: IREM Annual Awards Luncheon - Arboretum Dallas - Rosine Room - 11:30 am NT CCIM: November Luncheon - Park City Club 11:30 am - 1 pm BOMA Fort Worth: Board Meeting - 12 pm

18 Friday

BOMA Dallas: Mardi Gras Masquerade Gala Renaissance Tower - 7pm - 11 pm

29 Tuesday

CREW Dallas: Sip and Learn - 5 pm - 6:30 pm

30 Wednesday

REC Dallas: Young Guns about town - Federal Reserve Bank of Dallas - 5 pm

16 Wednesday TREC: Retail Summit - Dallas Country Club - 7 am

RealShare: Impactful Market Intelligence and World-Class Networking - Hilton Dallas Granite Park Ladies in CRE: Girl Bosses Empowering Girl Bosses One McKinney Plaza - 5:30 pm - 7:30 pm

November 2016

*Members Only

The events listed are confirmed at the time of printing. Please make sure to check with the event host for any changes. For the full listing of events, visit REDNews.com.

NORTH TEXAS

October

SOCIAL

LADIES IN CRE

GLAMP & CHAMPS AT JONES COMMERCIAL INTERIORS Ladies in CRE networked in the glamping style interior of the Jones Commercial Interiors office. Jessica Burnham with the Deep Ellum Foundation informed the group how the foundation is helping the growth and dynamism of the Deep Ellum.

IREM FORT WORTH FRIENDS OF IREM HAPPY HOUR

L to R: Melinda Payne, Laura Hagan, and Dennis Box

CREW FORT WORTH

COCKTAILS & CONVERSATIONS MENTORING EVENT L to R, (Back Row) Priya Acharya, Mary Beth Shapiro, Conilee Hennersdorf, Joanna Cloud, Robin Francis-Baker, Emily Crockett, Stephen Gebren, Sarah LanCarte, Sarah Huckaby, (Front Row) Noelle Garsek, Karen Kroh, Monica Luera, Carol Hallows, and Norma Crow.

CREW DALLAS

ICSC TEXAS

Top: Michelle Hudson of Hudson Peters Commercial was selected as the 2016 Outstanding Achievement Award recipient

Top: L to R: Jamie Bridges and Valerie Maniscalco of Colliers International

"AN EVENING OF OUTSTANDING ACHIEVEMENT"

BOMA DALLAS SEPTEMBER LUNCHEON

BOMA Dallas past president Darrell Gage (CBRE) and current president Scott Moore (Holt Lunsford) present a check from the BOMA Dallas Foundation to Frederick Frazier, chairman of the “Assist the Officer Organization” and 21 year veteran of the Dallas Police Department.

CREW FORT WORTH

Bottom, L to R: Kennis Ketchum, Portfolio Development LLC; Elissa Plotsky, Chicago Title; Eugenia Robbins, RER Solutions; Kaye McCallum, RER Solutions; Cindy Cohn, Springboard Consulting, LLC; Suzanne Brasuell, Entos Design; Teresa Giltner; Dykema Cox Smith; and Leigh Richter, Bradford Commercial Real Estate.

OCTOBER LUNCHEON

BOMA DALLAS

L to R: Early Davis, Noelle Garsek, Joanna Cloud, Niketa Dennis, Laura Bird, Stephanie Olsen, Jack Clark, Larry Chilton, Letatia Teykl, and Justin Hoover.

BOMA Dallas members enjoying the 2016 Top Golf Networking Event

TOP GOLF NETWORKING EVENT

CONFERENCE & DEAL MAKING

Middle: L to R: Gina Lloyd, JLL; Jeffrey Smith, StoneCrest Investments, LLC; Andrew Cornwell, JLL; and Court Richardson, Stream Realty Partners Bottom: L to R: Scott Carr, Carr Developments; Robert Orr, Jr., Orr Commercial, Inc.; Grant Barrett, Carr Developments; and Travis Waldrop, CCIM, Carr Developments

CREW DALLAS FALL INTO CREW

November 2016

ACRP: acrp.org BACREN: bacren.com BOMA HOUSTON: houstonboma.org CCIM HOUSTON: ccimhouston.org CORENET: houston.corenetglobal.org C.R.E.A.M.: creamtx.com CREN: crengulfcoast.com CREW HOUSTON: crewhouston.org FBSCR: fbscr.com

SOUTHEAST TEXAS

November IREM

GREATER HOUSTON PARTNERSHIP: houston.org HREC: houstonrealestatecouncil.org IREM HOUSTON: iremhouston.org NAIOP: naiophouston.org O'CONNOR & ASSOCIATES: poconnor.com SIOR: www.sior.com TABB GROUP: www.tabb.org ULI: houston.uli.org

BACREN

Houston

CORENET

November 17

November 3

November 14

Monthly Luncheon

IREM Food Fest

Lakewood Yacht Club

4 pm - 8 pm

SPORTS CELEBRITY GOLF TOURNAMENT

14th Annual Golf Tournament 10 am - 7 pm

10:30 am - 3 pm

2 Wednesday

CORENET: November Happy Hour - 4 pm - 6:30 pm CREW Houston: November Luncheon Junior League of Houston - 11:30 am - 1 pm

3 Thursday

IREM Houston: IREM Food Fest - 1700 Post Oak Blvd 4 pm - 8 pm

4 Friday

BOMA Houston: 6th Annual Medical Real Estate Summit - Memorial Hermann - Memorial City - 8 am - 11 am CREN: November Luncheon - Hess Club - 11 am - 1 pm

7 Monday

ACRP: Golf Tournament - Black Horse Golf Course - 10 am IREM Houston: IREM Asset Analysis Track (5 days)

10 Wednesday

CCIM Houston: November Luncheon: Speaker: Hastings Stewart, Houston Super Bowl Committee -Maggiano's 11:30 am - 1 pm ULI Houston: Young Leader Tour - The Carter - 6 pm 8 pm

14 Monday

CORENET: 14th Annual Golf Tournament - 10 am - 7 pm C.R.E.A.M: State of the County - Black Walnut Cafe 11 am - 1 pm

15 Tuesday

Greater Houston Partnership: Quality of Life Council

November 2016

* Members Only

16 Wednesday

O'CONNOR: Industrial Forecast Luncheon - HESS Club

17 Thursday

BACREN: Monthly Luncheon - Lakewood Yacht Club 10:30 am - 1 pm FBSCR: Monthly Meeting - Greater Fort Bend EDC 8 am - 9 am ULI: Leadership Luncheon - Junior League - 11:30 am 1:30 pm

18 Friday

CREN: Marketing Session - KW Commercial Texas Gulf 7:30 am - 9 am

The events listed are confirmed at the time of printing. Please make sure to check with the event host for any changes. For the full listing of events, visit REDNews.com.

SOUTHEAST TEXAS

October

SOCIAL

ACRP

FBSCR BREAKFAST MEETING L to R: Kristen Edgeller, Frost Bank; Liz Palmero, Phase Engineering; Barkley Peschel, Colliers International; Jason Scholtz, Colliers International

Photo by PlusCorp

L to R: Christian Frisch, Portfolio Builders, Inc.; Josh Loner, Portfolio Builders, Inc.; Jonathan Bain, Portfolio Builders, Inc.; and Kristina Malek, Kimley-Horn

Photo by PlusCorp

OKTOBERFEST HAPPY HOUR

CCIM HOUSTON OCTOBER LUNCHEON L to R: Vonn Tran, Rachel Glass, Peyton Easley, Cindy Pham

CORENET HOUSTON OCTOBER BREAKFAST L to R: Susanne Wright, Steelcase; Amy Lopez, McCoy Rockford Inc.; and Ashley Hayden, McCoy Rockford Inc.

C.R.E.A.M. OCTOBER LUNCHEON L to R: Savage Dayton, Grace Carrera, Jeremiah Kamerer, Chris Pruitt, Cornelius L. Crockett, II

IREM OCTOBER LUNCHEON IREM Houstonâ&#x20AC;&#x2122;s newest Certified Property Managers (CPMs) pictured with Chapter President Laura Krupowicz (right) at the October luncheon.

ICSC TEXAS

CONFERENCE & DEAL MAKING Top: The Tarantino Properties team manning their booth. L to R: Rusty Lilley and Nina Kuhn at the Levcor booth. L to R: Nancy Ojeda and Traci Leach of City of La Porte EDC.

BOMA HOUSTON ENGINEER ALL-STARS Engineer All Stars: Maintenance Olympics was held on October 1st. The winner was the Notorious ENGs, Hines, with their second consecutive win.

CREN OCTOBER LUNCHEON L to R: Carrie Cumming, Tiffany Latil, Susan Rash, Claire W. Jin, Aaron Dominguez

L to R: Lindsey McKean and Julie Colwell of The J. Beard Real Estate Company L to R: Angela Forbes, City of Dickinson; Karen Coglianese, City of Webster; Scott Livingston, City of League City; and Barbara Cutsinger, Bay Area Houston Economic Partnership November 2016

CENTRAL SOUTH TEXAS bulletin Mark Moreno has joined KW Commercial as director of their commercial operation in Austin.

Whit Jordan has joined CBRE in San Antonio as vice president of Retail Services.

Mary Anne Castles has joined CBRE in Austin as Associate Director of Asset Services.

Photo Not Available John Faulk

Todd Gains

Brad Walters

John Faulk, Todd Gains and Brad Walters (photo not shown) have joined the development team of Aspen Heights Partners in Austin.

AUSTIN, TX COMMERCIAL PROPERTY SALE An unidentified buyer purchased 4,376 sf of commercial property at 1408 & 1410 E. Cesar Chavez Street. According to the Travis Central Appraisal District the owner is Remar USA Inc. Robby Eaves & Phil Morris of Retail Solutions represented the buyer. CONDOMINIUM DEVELOPMENT Austin-based Momark Development is building The Tyndall at Robertson Hill, a 182unit project at 800 Embassy Drive. The development will include 23,000 sf of amenities including pool, deck, fitness center, etc. The development is projected to deliver in August 2018 and 32 units have been sold to date. DATA CENTER DEVELOPMENT Data Foundry, Inc is starting construction on a 195,000 sf data center named Texas 2 located at 4100 Smith School which is the second of two data centers at this location. HOTEL SALE New York-based Lightstone Capital Markets purchased the Fairfield Inn & Suites at 13087 Research Blvd. from San Diego-based Excel Hotel Group. Hunter Hotel Advisors in Atlanta represented buyer & seller. INDUSTRIAL BUSINESS PARK DEVELOPMENT Trammel Crow Company & its partner, Clarion Partners purchased 95 acres for the development of Park 183 that will include a total of 964,000 sf of Class A industrial space upon completion. Phase I will include 247,000 sf & will commence construction January 2017. The project is located at Burleson Road & US 183. INDUSTRIAL LEASE Goodman Distribution leased 38,000 sf at Burleson Road Business Park located at 4101 Smith School Road. Sam Owen, Kyle McCulloch & Will Nichols with Stream Realty Partners represented the landlord. INDUSTRIAL LEASE Abrams Publishing leased 33,600 sf at Raceway Crossing located at 16310 Bratton Lane. Sam Owen, Kyle McCulloch & Will Nichols with Stream Realty Partners represented the landlord & Chad Marsh with Endeavor Real Estate Group represented the tenant.

November 2016

INDUSTRIAL LEASE General Mills Inc leased 32,000 sf at Burleson Road Business Park located at 4101 Smith School Road. Sam Owen, Kyle McCulloch & Will Nichols with Stream Realty Partners represented the landlord & Bill Gump with Tower Commercial represented the tenant. INDUSTRIAL LEASE SolarCity Corp leased 16,910 sf at Heritage Crossing 3 located at 2301 Scarborough Drive. Sam Owen, Adam Green & Kyle McCulloch with Stream Realty Partners represented the landlord & Ace Schlameus & John Grady with CBRE represented the tenant. INDUSTRIAL SALE Adler Kawa Real Estate Advisors, a Miami-based company, purchased +/- 300,000 sf light industrial space at Braker Center located at 11100 Metric Blvd. Hale Umstattd & Leah Gallagher with Transwestern represented the seller & Davis Bass with HPI Real Estate Services & Investment represented the buyer. OFFICE LEASE KBS Realty Advisors has leased 34,506 sf at Great Hills Plaza located at 9600 Great Hills. E2Open renewed their 22,647 sf space and Guaranty Insurance Services & One Affiniti LLC leased 8,140 sf & 3,729 sf, respectively. Mike Brown & Brandon Lester of Transwestern represented KBS. Nate Stricklen of CBRE represented E2Open LLC & Mike Quint of Jackson Cooksey presented Guaranty. Thomas Thancy of Colliers represented One Affiniti. OFFICE LEASE Cirrus Logic Inc plans to relocate in 2017 to five floors at Shoal Creek Walk Tower located at West 6th & Bowie Streets. They are currently occupying approximately 60,000 sf at 300 W. Sixth Street. The company also owns a small retail center at 707 West Avenue which they ultimately plan to convert to employee parking. RETAIL LEASE Planet Fitness, a fitness center, has leased 17,370 sf in the Cannon West center located at 6800 Westgate Blvd. Phil Morris of Retail Solutions represented the landlord. Ben Edelstein & Kerry Dryden of Kenny Dryden Investments represented the tenant.

RETAIL LEASE Ferguson Showroom, a home dĂŠcor & fixture company, leased 13,000 sf at Arboretum Crossing located at 9333 Research Blvd. Brett Maze with The Weitzman Group represented the landlord and CBRE represented the tenant.

GEORGETOWN, TX RETAIL DEVELOPMENT Cypress Equities purchased 11.17 acres at the southwest corner of Williams Drive & Jim Hogg Road for the development of a 77,050 sf retail center. Randalls Food & Drug will anchor the development to be known as Oak Meadows Marketplace. Construction is scheduled to begin January 2017.

LAKEWAY, TX RETAIL SALE Stratus Properties Inc., an Austinbased real estate, entertainment & hospitality company, has sold its new 236,739 sf, HEB Grocery anchored retail development for $114 million to TA Realty LLC, a private REIT based in Boston. The center is located near South RR 620 & Main Street.

PORT ARTHUR, TX RETAIL SALE Baker Katz sold a 84,584 sf center on 5.75 acres located at 2770 Highway 365 to Agree Realty Corporation. The center is fully leased to Hobby Lobby, Party City & PetSmart & shadow anchored by Walmart. Ryan West & Matt Berry of HFF Investment sales team represented the seller.

SAN ANTONIO, TX INDUSTRIAL SALE Cooper Duffin LLC sold a 12,000 sf industrial property at 5835 Rittiman Plaza to 5835 Rittiman Plaza LLC. Donald Duffin with DH Realty Partners Inc & Cooper Duffin with Cooper Duffin LLC represented the seller. MIXED-USE DEVELOPMENT Rosewood Property Company of Dallas purchased 44 acres of land from The Tobin Endowment and surrounds the original residence of the late Robert L.B. Tobin. The property is located in the Oakwell Farms area of north central San Antonio and will be developed with a mixed-use project. USAA.

ALLEN, TX DATA CENTER DEVELOPMENT National data center operator TierPoint LLC is developing a $20 million, 90,000 sf database center in the US75/SH 121 corridor which is expected to be operational by spring 2017.

BEDFORD, TX OFFICE SALE

Stanton Road Capital purchased Airport Centre I & II, located just east of ST 121 & 183 from Allegiancy Houston LLC. The buildings total 251,168 sf. Eric Mackey, Gary Carr, John Alvadado, Jared Chua, Robert Hill & Pete Van Amburgh of CBRE represented the seller.

CARROLLTON, TX OFFICE LEASE

Elephant Insurance Services leased 22,673 sf at 4120 International Parkway in the International Business Park. Trevor Franke & Gini Dibrell of Peloton Commercial represented the landlord, Thompson National Properties.

COPPELL, TX INDUSTRIAL LEASE

Clover Telecom leased 127,189 sf at 121 Dividend Drive. Bill de la Chapelle, Brett Owens, Sharon Cramer & Emily Rankin of Transwestern represented the tenant & Randy Wood of Duke Realty represented the landlord.

INDUSTRIAL LEASE

Scentsy, Inc. leased 173,854 sf at Freeport III, 445 S. Royal Lane. Randy Wood with Duke Realty represented the landlord & Blake Kendrick with Stream represented the tenant.

DALLAS, TX HOTEL DEVELOPMENT

Dallas-based Gatehouse Capital Corp was selected to develop the 240-room Virgin Hotels Dallas in the city’s Design District. The Virgin Hotel will be located at Hi Line & Turtle Creek and is slated to begin March 2017.

INDUSTRIAL LEASE

Southwest Wheel Company leased 47,124 sf at 4809 S. Westmoreland. Transwestern represented the landlord, Texas Pine H Company LLC. Hanes Chatham with Stream Realty Partners represented the tenant.

INDUSTRIAL LEASE

Galaxy Tire Wholesale Inc leased 27,347 sf at 2915-2919 Merrell Road. Billingsley Company represented the landlord & Corbin Stall & Matt Dornak with Stream Realty Partners represented the tenant.

& Dallas-based Blackwatch Partners purchased Lee Park Tower I & II at 3303 Lee Parkway & 3626 North Hall Drive. The buildings total 122,600 sf. Blackwatch purchased one of the buildings in 2013 & has partnered with Origin in the new venture.

INDUSTRIAL SALE

OFFICE SALE

3184 Quebec LLC sold its 73,000 sf building at 3184 Quebec Street to Peto H Holdings, LLC. Jason Moser with Stream Realty Partners represented the seller. Jeremy Mercer with the Mercer Company represented the buyer. SKL Investments Company, LLC sold its 28,028 sf building at 7600 Sovereign Row to Mahoney Company. Chaltas Company LP represented the seller & Hanes Chatham with Stream Realty Partners represented the buyer.

OFFICE LEASE

Dickey’s Barbecue Restaurants leased 15,536 sf at Gramercy Center North located at 18583 N. Dallas Parkway. Matt Wieser & Ryan Evanich with Stream represented the landlord & Cullen Dickey with Dickey Property Company LLC represented the tenant.

OFFICE LEASE

Ebby Halliday, a real estate company, leased 15,132 sf at 4441-4445 Sigma Road. Larry Robbins & Steve Burris of Capstone Commercial represented the landlord & Jefflyn Williamson of Jefflyn & Company represented the tenant.

OFFICE SALE

Embrey Interests purchased a four-story, 52,717 sf building at 4228 North Central Expressway in a 1031 exchange transaction after recently selling Park Creek Place in the Turtle Creek neighborhood. Beth Lambert’s Transwestern team represented the buyer.

OFFICE SALE

Orlando-based commercial real estate firm Foundry Commercial with Boston-based investment adviser Intercontinental Real Estate Corp purchased the 18-story, 464,289 sf Walnut Glen Tower located at 8144 Walnut Hill Lane from Prescott Realty Group. Gary Carr, Eric Mackey & Robert Hill of CBRE represented the seller & Grisham & Jim Wells of Foundry Commercial represented the buyers in-house.

OFFICE SALE

Chicago-based Origin Investments

Gaedeke Group purchased 17 Seventeen Tower, a 369,017 sf, 19-story building at 1717 McKinney Avenue from the joint venture owners, MetLife Real Estate & Granite Properties. Representatives with JFF brokered the transaction for the seller & procured the buyer.

FORT WORTH, TX INDUSTRIAL DEVELOPMENT

Dallas-based Hunt Southwest Real Estate Development is starting their second spec warehouse & distribution center at Riverbend West in northeast Fort Worth. The first building has 300,000 sf & the second building will total 650,000 sf & the developer expects to start construction by the end of December.

RETAIL SALE

Three years after buying Ridgmar Mall in Fort Worth, Barrington, IL-based real estate firm GK Development Inc recently purchased the 120,000 sf Neiman Marcus store for $2.1 million with plans to upgrade the center. The center is located at the northeast corner of I30 & Green Oaks Road.

FRISCO, TX MULTI-FAMILY/RETAIL DEVELOPMENT

Illinois-based Stoneleigh Companies plans to start construction on the Waterford at Frisco, a four-story, 381-unit luxury apartment project along Main Street near Toyota Stadium. The project will include more than 9,000 sf of retail & restaurant space.

NORTH TEXAS

bulletin

Courtesy Diversified Real Estate Group

FORT WORTH, TX MIXED-USE DEVELOPMENT Las Vegas-based Diversified Real Estate Group sold the 90-acre Presidio North tract at the southwestern corner of I-35W & Heritage Trace Parkway to a locally owned development partnership controlled by the De La Vega Group. The property will be developed into a 500,000 sf retail/restaurant/hotel development called The Citadel. Steve Williamson of Transwestern represented both parties in the transaction.

Courtesy Star-Telegram

FORT WORTH, TX RETAIL OUTLET MALL DEVELOPMENT Greensboro, NC-based Tanger Factory Outlet Centers is starting construction on their 350,000 sf retail center located at I-35W & SH 114. Leases have been signed by Nike, Levi’s, Banana Republic, Gap, Skechers, Old Navy, Express, Carter’s & Oshkosh to date. The center plans to open in 2017.

GRAND PRAIRIE, TX RETAIL DEVELOPMENT

McKinney-based Mycon General Contractors has been hired by Ikea to build a 290,000 sf store on 30 acres along SH 161 & Mayfield Road which is expected to open fall 2017. Upon completion this will be Ikea’s fourth retail store in Texas.

November 2016

SOUTHEAST TEXAS bulletin Alex Taghi has joined NAI Partners as vice president of Office Tenant Representation.

Matt Gilbert has joined Transwestern as vice president of their Healthcare Advisory Services team.

BELLAIRE, TX OFFICE CAMPUS SALE

Houston ISD is discussing buying Chevron’s Bellaire campus for future construction of a new Bellaire High School campus. According to Jeff Peden with Cushman & Wakefield, the property hasn’t been listed or priced as of early October.

CYPRESS, TX Rileigh, LLC sold a +/- 1.68 acre tract at Barker Cypress Road near US 290 for the construction of a 15,000 sf retail center. The seller was represented by Patrick Wolford of Lee & Associates and Hunington Properties, Inc represented the buyer.

HOUSTON, TX HIGH RISE CONDOMINIUM CONSTRUCTION Stuart Showers has joined Transwestern as director of research.

Chris Cooley has joined Garrity Commercial Real Estate as the firm’s newest agent.

Chris Ochterbeck has joined Moody Rambin as an associate for the Industrial Services Team.

Randall Davis Co. & DC Partners have started construction on a 20-story, 95-unit condo project at 1311 Polk Street. The project will have one & two bedroom units averaging 1200 sf and sell for between $375,000 - $1.5 million. Randall Davis is utilizing EB-5 financing through DC Partners.

INDUSTRIAL LEASE

Ideal Steel, a custom flame cutting company, leased 66,500 sf at 5900 Brittmoore Road. Darren O’Conor & Jake Wilkinson of NAI Partners represented the tenant & Ryan Wasaff & Brad Berry represented the owner, Welcome Group.

INDUSTRIAL LEASE

Armstrong Medical Supply, LLC leased 9,600 sf in Racepark Center at 6818 N. Sam Houston Parkway West. Thomas Leger & Mike Spears of Lee &Associates represented the landlord and Richard Frye of Adkisson Group, Inc. represented the tenant.

INDUSTRIAL SALE

New Waverly Holdings, Ltd. purchased a 65,000 sf building at 440 South 66th Street from Leggett & Platt, Inc. The seller was represented by Andrew Sowell & David Munson of Boyd Commercial/CORFAC International.

INDUSTRIAL SALE/LEASEBACK

Deepwater Corrosion Services, Inc. sold a 74,850 sf craneserved office warehouse on 7.59 acres at 13518 FM 529 to 529 40

November 2016

Eldridge LLC. Hart Schleicher of Capital Real Estate Commercial represented the buyer and Jim Foreman of Cushman & Wakefield represented the seller.

VACANT LAND SALE

MIXED-USE DEVELOPMENT

AVERA Companies has purchased HMS 850, a 41.7 acre site at the entrance of the Houston Ship Channel near both Barbours Cut & Bayport container terminals with direct access to I10 & Independence Parkway. Existing permits in place will afford Avera the ability to offer 4 distinct lease areas for barge fleeting space. Kirby Inland Marine will be their first tenant.

MIXED-USE DEVELOPMENT

HOUSTON/ KINGWOOD/ LA PORTE/ RICHMOND, TX

Houston developer & restaurateur Fred Sharifi is planning to construct Fairview District, an office/retail development at Fairview & Taft Streets. It will offer boutique office space, retail & restaurant space. Midway has released their plans for East River, the 147-acre former KBR site in East End. The site has one mile of frontage along Buffalo Bayou & could ultimately be developed with up to 8 million square feet of shops, offices & entertainment venues including residential development, which will be a key component. Midway hopes to start the project within the next several years.

OFFICE LEASE

Org Chemical Holdings, LLC leased 3,846 sf at 363 North Sam Houston Parkway. Terri Torregrossa & Kurt Kistler of Moody Rambin represented the landlord and Michael Townsend of Townsend Interests represented the tenant.

OFFICE LEASE

Five Point Capital Partners leased 13,226 sf at CityCentre Five & Credera leasted 4,357 sf. The building is located at 825 Town & Country Lane. Michael Anderson & Connor Saxe of Colvill Office Properties represented Midway, the landlord & Michelle Wogan of Transwestern represented Five Point Capital & Nick Terry of Caldwell Companies represented Credera.

OFFICE LEASE

Houston-based Freeport LNG Development LP is expanding its lease to 16,073 sf at 3 Allen Center which will increase their space to +/-53,072 sf.

OFFICE SUB-LEASE

Sulzer U.S. Holding Inc, US subsidiary of Swiss industrial engineering & manufacturing firm Sulzer Lts, subleased 28,515 sf at 1255 Enclave Parkway. Andy Iversen, John Luck & Audrey Selber of JacksonCooksey represented the sublessor & Scott Wegmann of Cushman & Wakefield represented the tenant.

RETAIL LEASE

Low-cost grocery store Aldi has leased 18,600 sf at Kingwood Drive & Chestnut Ridge Road and has announced plans for three additional stores including 3618 Old Spanish Trail in Houston, 9002 Spencer Highway in La Porte and 7945 W Grand Parkway South in Richmond. Shawn Ackerman of Henry S. Miller represented the landlord in the Kingwood lease.

KATY, TX MIXED-USE DEVELOPMENT

Trademark Property Company in an agreement with Westside Ventures is developing an 82-acre mixed-use town center at the northwest corner of I10 & Mason Road. Planning is underway for the initial 60-acre phase of the development.

KINGWOOD, TX PROCESS TECHNOLOGY DEVELOPMENT

Lone Star College Kingwood has started construction on a 40,200 sf facility on 8.3 acres in Generation Park located at 14001 Lockwood Road. The facility will train students for entry-level careers as process technologies & operators in a range of industrial from petriochemical to pharmaceuticals.

PEARLAND, TX RETAIL SALE

G5 Pearland Properties II, LLC purchased the 28,742 sf Sunrise Lake Plaza center on Broadway & FM 518. Todd Carlson of Hunington Properties represented the seller and Nabil Murad of NM Management LLC represented the buyer.

ADVERTISER INDEX A. A. Realty Company 16 Bearden Development Inc. 21 Big Spring EDC 1-North Texas, 5 Caldwell Companies 11 CREW San Antonio 42 Greenberg & Co. 23 Hankamer Commercial Brokers, LLC 29 Homeland Properties, Inc. 19 Information Management Network 42 John Daugherty Realtors 12, 13 NewMark Grubb Knight Frank 19 Phase Engineering, Inc. 30 Plus Corp Photography 42 RBF Credit Union 23 Real Share - ALM RE Media 43 Ridge Development Company 21 Robert Ryan Realtors, Inc. 26

classifieds & index Rubicon Realty 26 Showalter Law 41 Signorelli Company 22 Southwest Realty Advisors 19 Stephen George, Inc. 7 Tarantino Properties Inc 27 The J. Beard Real Estate Company 17 WA Development 1- SE Texas, 3 Waller County EDC 21 Waterman Steele Real Estate Advisors 23 Windrose 44 Wolff Companies 2

In Next Month's Issue... Title Insurance & Closing Costs

EMAIL BLAST PACK AGES

EMAIL BLAST PACK AGES Standard email blast packages (regularly priced at $245 per email blast): 4 Blast Package - $880

Standard email blast packages (regularly priced at $245 per email blast): 6 Blast Package - $1,188 Blast Package Package -- $880 104Blast $1,500 6 Blast Package - $1,188 10 Blast Package - $1,500

Priority Schedule email blast packages (same time every week): 20 Blast Package (60 day duration) – $2,800 - $140 per blast 40 Blast Package (120 day duration) – $5,200 - $130 per blast 20 Blast Package (60 day duration) – $2,800 - $140 per blast 40 Blast Package (120 day duration) – $5,200 - $130 per blast

Priority Schedule email blast packages (same time every week):

Contact: Rahul Samuel at emarketing@rednews.com Priority Schedule email blast packages with Priority Schedule Social Media bonus email blast packages with 4Social Blast Package $1,080 Media–bonus

Protecting Property Owner’s Rights

Eminent Domain 64Blast BlastPackage Package––$1,488 $1,080 106 Blast $1,900 Blast Package Package –– $1,488 20 10Blast BlastPackage Package––$3,300 $1,900

North Texas CCIM Chapter

40 20Blast BlastPackage Package––$5,800 $3,300

40 Blast Package – $5,800 Compensation forWebsite, RoadsNewsletter) • Pipelines • Power Lines (Facebook, Twitter, LinkedIn, (Facebook, Twitter, LinkedIn, Website, Newsletter)

For more information contact: JP@rednews.com or Bri@rednews.com

www.ShowalterLaw.com

For more information contact: JP@rednews.com or Bri@rednews.com

281-341-5577 • Info@ShowalterLaw.com November 2016

SPONSOR CREW SAN ANTONIO

�

CR�W

SAN ANTONIO COMMERCIAL REAL ESTATE WOMEN

INVESTING IN CREW SAN ANTONIO HELPS DELIVER OUR MISSION: To influence the success of the commercial real estate industry by advancing the achievements of women. CREW-SANANTONIO.ORG, CONTACT: DENA WELCH 210.455.2478 I DWELCH@HIGHLANDRESOURCES.NET

Reference Discount Code “RED10” for 10% Discount

A Small Selection of Registered Attendees Include: Director, ALPS Group

Managing Director, Bayside Capital

C-III Asset Management

Coordinator, Dorsey & Whitney

Managing Partner, Argosy Real Estate

EVP & Manager - Problem Loan Administration, BB&T

President & Chief Investment Offiicer, Dalfen America Corp.

Partner, Dorsey & Whitney LLP

Vice President, Beltway Capital Management, LLC

MD/CEO, Depthwize Nigeria Limited

Vice President, Bank of America Merrill Lynch Vice President, Bank of America Merrill Lynch Director, Bank of America Merrill Lynch Senior Vice President, Bank of America Merrill Lynch

Senior Director-Real Assets Investment Research, Cambridge Associates President/CEO, Carrier Energy Partners Business Development, Castlelake

Managing Director, Bank of Americal Merrill Lynch

Business Development Manager, CEIC Data, A Euromoney Institutional Investor Company

Principal, Bayside Capital

Managing Director,

Executive Assistant, Directed Capital Vice President - Portfolio Manager, Directed Capital Asset Manager, Directed Capital Vice President- Portfolio Management, Directed Capital SVP/Portfolio Manager, Directed Capital Resources Marketing & Business Devel.

Principal, Fairview Partners Market President, Commercial Banking – Memorial, Frost – Banking, Investments, Insurance Partner, Glendale Energy Capital, LLC EVP, Special Assets Manager, Grandpoint Bank Chief Legal Officer, Houston Firefighters’ Relief and Retirement Fund Regional Director, Real Estate, International SOS Assistance

Call: 1-212-901-0542 | www.imn.org/energyre17 | Email: amelvin@imn.org 42

November 2016

DALLAS/FORT WORTH NOVEMBER 16, 2016 HILTON DALLAS GRANITE PARK

Impactful Market Intelligence and World-Class Networking Find Out More Sponsorship: Gregg Christensen | 212-457-9664 | gchristensen@alm.com General Information: Melissa Baer | 212-457-9740 | mbaer@alm.com Registration: Kaiser Kennedy | 212-456-9618 | kkennedy@alm.com

SPONSORS AS OF OCTOBER 2016:

Cocktail Granite Presidential Marcus & Millichap NAI Global

Executive EBI Consulting Hunt Mortgage Koss Resource Mesa West Capital Pinnacle Ready Capital Southern Land Company Walker & Dunlop

3 November 2016 realshareconferences.com

PRESENTED BY:

Promotional

POSTMASTER: PLEASE EXPEDITE TIME SENSITIVE MATERIAL 5909 West Loop South, Suite 135, Bellaire, TX 77401 Address Service Requested If this person is no longer with your company, please notify subscriptions@ rednews.com or call 713-661-6300

PRSRT STD U.S. POSTAGE PAID PERMIT NO. 2436 DALLAS, TX