ANNUAL REPORT FY 2012
CONNECT EDUCATE IMPACT
ULI adds value for members and communities by connecting, educating and making an impact.
ULI Houston hosted the 10th Anniversary ULI / Gerald D. Hines Student Urban Design Competition. About 140 teams from 64 universities in the US and Canada, a total of 695 students envisioned new life for the old Main Post Office downtown.
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MAKING A DIFFERENCE From the desk of Outgoing Chair, Jonathan Brinsden Volunteering on behalf of better development and better communities is rewarding, even when it happens behind the scenes. But this year, ULI’s good deeds did not go unnoticed. As you read through this report, you will see the wide variety of ways ULI—a phenomenal group of leaders— is making an impact and being recognized. It is fitting that a big, bustling, growing and thriving place like Houston, Texas is home to an equally robust and successful ULI District Council. I proudly hand the chairmanship over to my good friend and dedicated ULI leader, Greg Erwin, Co-Chair of Winstead’s Real Estate Development & Investments Practice Group. ULI Houston is in very good hands.
I am also excited to begin my first term as ULI Trustee, joining fellow Trustees Tom Owens and Bahram Motamedian, both with Hines. ULI Trustees serve as the voice of the broad and diverse membership in substantive matters facing ULI in the execution of its mission. Trustees also elect the ULI Chairman, the ULI Board of Directors, Life Trustees, the ULI Foundation Board of Directors, and the Foundation Chairman. I encourage your input as I work with the Trustees to frame the broad direction and agenda of ULI. Sincerely, Jonathan H. Brinsden Executive Vice President, Chief Operating Officer Midway ULI Houston Chair, 2011-2012
“I thoroughly enjoyed the process. The TAP panel and staff ranks with the best groups that I have worked with.” Chuck Perry, Managing Partner - Perry Rose ULI TAP Panel Chair
“The Panel did an excellent job. The presentation was very thoughtful in its approach and reflected the community input very nicely. Congratulations to you and your staff on an amazing success.” Dr. William V. Flores, President University of Houston-Downtown
TechnicalTITLE Assistance Program | ULI CAPTION
presentation “Transit-Oriented This is a caption for important photos Transformation of the Near Northside” that require explanation
Photo Credit: Photographers name
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HIGHLIGHTS Fiscal Year 2012 •
Invested in the next generation by supporting Young Leaders, graduate real estate students and faculty.
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ULI veterans put their expertise and wisdom to work for the public good through Technical Assistance Panels.
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Gave back by serving one of the most under-served communities in Houston.
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Welcomed three ULI Trustees from Houston to ULI global leadership.
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Honored best practices outside the Beltway and around the region.
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Awarded development that breaks new ground, and brought industry thought leaders into conversation.
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Was awarded the first national meeting to be held in Houston since 1992 — the ULI Spring Meeting, 2015.
Leaders and organizations recognize ULI’s ability to bring technical expertise and realworld experience to tough challenges — and they are seeking our involvement.
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ULI CONNECTS
ULI Connects real estate industry and community interest groups through programs that attract a broad spectrum of leaders focused on building better places. ULI celebrated best practices in development outside the Beltway, taking Suburban Marketplace to Sugar Land, thanks to our friends at Planned Community Developers, the City of Sugar Land, Mayor Jimmy Thompson, and with the tremendous leadership of Doug Goff, of The Johnson Development Corp. Suburban Marketplace 2012 was a huge success, and the perfect opportunity to salute Mr. Roger Galatas for defining what “best practices” really mean.
Partnership with the Real Estate Center at Texas A&M University propels the annual Economic Forecast Conference presented by Jones Lang LaSalle Capital Markets to the forefront of “must attend” industry events. Monthly programs bring local and national thought leaders together to address issues of concern and advance leading-edge development practices.
ULI Suburban Marketplace project tours, expert panels, and keynote from Robert McLeod, CEO of Newland Real Estate Group, focused on best practices and real-world lessons learned. Photo by: Thomas Behrman
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PROGRAMS Bill Odle, TBG Partners, Programs Chair Lisa Chahin, Genesis Collaborative, Monthly Programs Chair •
ULI Houston was the nation’s first district council to bring the popular Marketplace event to suburban development. In 2012, Ft. Bend County was in focus. Photo by: Thomas Behrman
Global Marketplace: Houston at the Gateway of Opportunity
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Breakfast with Mayor Parker: The Public Sector’s Role in Market-Driven Development Strategies
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Onsite at Upper Kirby: A Tour and Happy Hour at West Ave
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From Ellington to Galveston: Opportunities in the Gulf Freeway Corridor
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Evolving Uptown: Keeping Urban Districts Dynamic, Changing & Thriving
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What’s Next: Real Estate in the New Economy
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Urban Innovation Toolkit: Houston’s Historic Third Ward
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SPEAKERS ULI Houston was privileged to have such a diverse group of distinguished speakers throughout the year. We sincerely thank them for their time and dedication to our District Council.
Alan Arnold The Lionstone Group Laura Bailey Capital One Kevin Batchelor Hines Bruce V. Beahm, AIA Populous Patty Bender Weingarten Realty Investors John Breeding Uptown Houston District Jamie Brewster Upper Kirby District Antoine Bryant Planning Commission, City of Houston Chris Canetti Houston Dynamo The Honorable Susan Combs Comptroller, State of Texas Jim Constantine LRK Stephen Costello Houston City Council Member Matt Doffing Manhattan Construction The Honorable Matthew Doyle Mayor, Texas City Alec Dreyer Port of Houston Authority
The Honorable Ed Emmett Harris County Judge John Fenoglio Grandbridge Real Estate Capital LLC Tom Fish Jones Lang LaSalle Steve Flippo Anvil Bar & Refuge / The Hay Merchant / Underbelly Marlene Gafrick Planning & Development, City of Houston Dr. Jim Gaines Real Estate Center at A&M John Garibaldi The Hanover Companies Lance Gilliam UCR moodyrambin PAGE Jeff Gray Grayco Partners LLC Guy Hagstette Buffalo Bayou Partnership Glenn Hegar Senator, State of Texas Ned Holmes Transportation Commissioner, State of Texas Joy Horak-Brown New Hope Housing, Inc. Andy Icken Chief Development Officer, City of Houston Bill Jameson WJ Interests Rev. Manson Johnson South East CDC, Holman Street Baptist Church John Kajander Texas Medical Center Jim Kollaer Kollaer Advisors Kirk Laguarta, Land Advisor Organization
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John S. Landrum MHP Investors Steven Lerner Redstone Real Estate Sue Lovell McCormack Baron Salazar Ernesto L. Maldonado, AIA Glassman Shoemake Maldonado Architects Maureen McAvey Urban Land Institute Robert McLeod Newland Real Estate Group Bob Mitchell Bay Area Houston Economic Partnership Steven L. Mueller Southwestern Energy Company Steve Murdock, PhD Hobby Center for the Study of Texas / Sociology Professor, Rice University Tom Murray Toll Brothers Group John Nash The Hanover Companies Wayne Norden Near Northwest Management District Jim Noteware Noteware Development Annise Parker Mayor, City of Houston Dan Pickering TPH &Co. Asset Management Ben Pisklak Gables Residential Carleton Riser, Transwestern
Stephen M. Robinson Allen Boone Humphries Robinson LLP Thomas M. Robson HOK Tony Salazar McCormack Baron Salazar Manuel “Manolo� Sanchez BBVA Compass Joshua Scoville Hines John Sedlak METRO X. Simon Shen Hines Keith Simon Coventry Development Garrett Solomon Rockpoint Land Christof Spieler Morris Architects The Honorable James Thompson Mayor, Sugar Land Monique Ward METRO Elise Weatherall Wulfe & Co. Jeff Wiley Greater Fort Bend Economic Development Council Tim Williamson Cadence Bank Reid Wilson Wilson Cribbs & Goren PC Ed Wulfe Wulfe & Co. Scott Ziegler Ziegler Cooper Architects
What’s Next: Real Estate in the New EconomyA members and annual sponsors only leadership roundtable looking forward to 2020 held at the BBVA Compass Stadium. Photo by: Thomas Behrman
Opportunities in the Gulf Freeway Corridor luncheon examined public + private sector initiatives that are fueling new development in the Galveston Bay Area. Photo by: Thomas Behrman
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SPECIAL EVENTS MEMBERS-ONLY EVENTS
Adrienne Schwartz, Harrison Kornberg Architects, Co-Chair Russ Bynum, AECOM, Co-Chair •
Breakfast on the Bayou, with Guy Hagstette
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Montrose at the Crossroads, with Alan Arnold and Jim Koaller
DEVELOPMENT OF DISTINCTION AWARDS Cortney Cole, HFF, Chair Beth Giles, Allen Harrison Company, Co-Chair Honorees:
CITYCENTRE and Gulfgate Center took top honors in the For-Profit Category at the 2012 ULI Development of Distinction Awards
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CITYCENTRE Gulfgate Center Mandolin Gardens Park Market Square Park Tellepsen Family YMCA Harris County 1910 Courthouse Wortham Theater Center
ULI + TEXAS A&M ECONOMIC FORECAST CONFERENCE “STAYING POWER: SUCCESS STRATEGIES FOR 2012 AND BEYOND” James Tramuto, Jones Lang LaSalle Capital Markets, Co-Chair Gary Maler, Real Estate Center at Texas A&M University, Co-Chair
SPORTING CLAYS FOR SCHOLARSHIPS Jason Tramonte, STG Design, Co-Chair David Haynes, Wylie Consulting Engineers, Co-Chair
SUBURBAN MARKETPLACE: “FAST FORWARD: DEVELOPING DYNAMIC COMMUNITIES” Doug Goff, Johnson Development Corporation, Chair Roger Galatas, Roger Galatas Interests, Honorary Chair
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Trends in Workplace Design: Presented by PDR
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New Hope Housing and Brays Crossing Story
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Houston Dynamo Gets a New Stadium: City of Houston’s Perspective
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Holiday Party with Dynamo President Chris Canetti
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The State of the Capital Markets with John Fenoglio, co-hosted by Rice Real Estate Club
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Venue at Museum District: Insight and Tours with Jeff Gray
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Networking Happy Hour with NAIOP Developing Leaders
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BBVA Compass Stadium Hard Hat Tour
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Ashton Rice Village Hard Hat Tour
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BLVD Place, with Ed Wulfe and Elise Weatherall
The 2012 Graduating Class of ULI Young Leader Mentorship Program, underwritten by Wells Fargo Foundation
YOUNG LEADERS Matthew Behrmann, Hines, Chair Anna Autin, Hines, Mentorship Co-Chair Anthony Marre’, Wilson, Cribbs & Goren, Mentorship Co-Chair “The opportunity to sit down with these young folks who are as bright as could be and share whatever wisdom I can, I actually found that I learned as much as they did in the process.” Brad Freels, Mentor CEO, Midway “It is a great interaction and experience with somebody who is very successful in our industry. The things you can learn from just having an informal conversation with them is something you really wouldn’t pick up anywhere else.” Warren Hitchcock, Protégé Vice President, NorthMarq Capital “The opportunities that are created by having people that are willing to share their experience with you really make a big difference in your ability to grow as a professional.” Richard Torres, Benefactor Community Affairs Manager, Wells Fargo Foundation
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ULI EDUCATES
ULI Educates people in a position to make things happen, providing objective and trustworthy information, lessons learned, and pragmatic, expert advice. State, County and City leaders engaged in ULI programs in 2012. Texas Comptroller, Susan Combs and Harris County Judge, Ed Emmett led the headliners at the ULI + Real Estate Center at Texas A&M Economic Forecast presented by Jones Lang LaSalle. Houston Mayor, Annise Parker, joined us for a special breakfast and encouraged ULI members to bring her administration our good ideas. The ULI / Gerald D. Hines Student Urban Design Competition invited the country’s most talented graduate students to envision a new future for the old Downtown Post Office site. Gerald Hines met with each team of finalists and reviewed their plans, an impactful experience for the participants. Generously underwritten by Wells Fargo Foundation, the ULI Young Leader Mentorship Program teamed mentors at the top of their game with rising stars.
Mandolin Gardens Park, by Harris County M.U.D. No. 230, 2012 ULI Houston Development of Distinction Award Winner, Not-for-Profit Category
Mentors passed along more than lessons learned, proving by track records the wisdom of conducting business with the highest integrity. ULI thanks ULI Young Leaders Matthew Behrmann, Hines; Anthony Marre’, Wilson, Cribbs & Goren; and Anna Autin, Hines, and these outstanding Mentors for the Class of 2012. •
Brad Freels Midway
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David Hightower Wolff Companies
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Rusty Tamlyn HFF
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Tim Williamson Cadence Bank
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Tom Fish Jones Lang LaSalle Americas, Inc
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ULI IMPACTS
ULI Impacts communities by making a measurable, positive difference in cities and regions. Close on the heels of the sold-out, headline-making ULI Development of Distinction Awards, followed an important technical assistance engagement that put ULI veterans to work for the public good. The results of that panel will shape the front door to our City, welcoming visitors from the world over. It was the first of three Technical Assistance Program panels (TAPs) conducted in 2012. More than any other single effort of ULI, TAPs are arguably the best example of the ULI mission at work—respected industry leaders, giving of their time and insight to shape a better community.
Meanwhile, dedicated partners were working intently to bring needed resources to an underserved area of Houston, the historic Third Ward. Winning the largest ULI Foundation Urban Innovation Grant given to a single U.S. District Council, and matched by generous partners including Capital One, LISC, and the Houston Housing Authority, we brought new focus on a community with the potential for rebirth.
ULI Urban Innovation Grant Partners asked stakeholders, “What do you want to happen in the Third Ward?” Photo by: Thomas Behrman
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PRIORITIES ULI Houston priorities continue to be Communications, Public Sector Engagement, and Enhancing Member Value.
COMMUNICATION GOALS •
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Created a position for communications on the management team. Sandra Porter, Director, Corporate Marketing & Business Development for Hines, became chair of a newly formed strategic communications steering committee. She assembled a team of top-flight marketing, communications, graphic design, and digital communications professionals.
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Created a vehicle for regular updates, starting with Annual Report issued each September. Use the mid-year and annual reports strategically to communicate depth, breadth and impact. Added the weekly ULI Houston Headlines e-newsletter to communicate local and statewide ULI news.
Created and launched greatly improved web site Houston.ULI.org, mail campaign, and engaged Social Media consultant. Integrated new site with new ULI global platform. Leveraged social media. Built out online toolkit for community redevelopment.
In the coming year, ULI Houston will continue to refine messaging with better understanding of what members want. We will also engage a PR consultant to build momentum by continuing to raise visibility with strategic audiences.
LOOKING FORWARD
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PUBLIC SECTOR ENGAGEMENT GOALS •
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Used ULI national / global connections to Best Practices Case Studies to educate public sector. Engaged them in dialogue then involved them as members. Hosted a national forum on multifamily development. Continued to provide scholarships to meetings, complimentary memberships and admissions to ULI programs. ULI Houston public sector members are 13% of total membership. Capitalized on Rose Fellowship and good relationships with key public sector leaders as a model for ongoing engagement. Continued to build pride in our City/Region by fostering appreciation for what works and can be improved. Won ULI Urban Innovation Grant in Third Ward, with support and participation of: City of Houston Department of Housing & Community Development, Houston Housing Authority, Office of the Mayor, METRO, Gerald D. Hines College of Architecture at the University of Houston, Texas Southern University.
ENHANCING MEMBER VALUE GOALS LOOKING FORWARD In the coming year, ULI Houston will join Austin, North Texas and San Antonio in forming local ULI product councils focused on Urban Development, Mixed Use and Housing and Community Development. Membership is composed of public sector and private sector members. The councils will gather for a statewide meeting in San Antonio in September, the first of an annual statewide meeting of councils.
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Continued to offer Members Only Premiums: Project Tours, Networking Receptions, and Books. Hosted 3 Members-only events in FY12, incorporated “What’s Next” book in May 17 event. Offered one Full-Member Only event to bring Full Members into closer contact with local organization, Dinner and conversation with Maureen McAvey, ULI Sr. Fellow and author, “What’s Next: Real Estate in the New Economy” Launched Young Leader Mentorship Program—focused on quality of mentors, quality of participants.
We will also continue to build engagement with University Faculty + Graduate Real Estate Programs. ULI will continue to be an innovator in education; heightening the learning experience for real estate students. •
Inaugural fundraising event to benefit UH graduate real estate student program, Sporting Clays for Scholarships, Sept. 15, 2011, exceeded financial projections.
It funded $10,000 in Scholarships for UH, with 3 year pledge. Repeating event on Sept. 13, 2012. •
Provided a $10,500 internship for University of Houston Graduate Real Estate Student to work with ULI members on Third Ward market studies and research.
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Mentor-for-a-Day program with Texas A&M Graduate Real Estate students. Continued collaboration with Texas A&M at the annual Economic Forecast program with more than 80 Student participants and guest of honor, ULI Trustee Tom Owens.
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Rice University Jones School of Business. Co-host annual event focused on capital Markets/finance with Rice Real Estate Club.
LOOKING FORWARD Started work on prototype for ULI Leadership Lab: Experiences worth sharing, a digital platform for sharing knowledge and delivering case studies, life lessons, and social connection.
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BY THE NUMBERS
Decline in 2012 net revenue reflects several one-time investments in web site redesign, public-sector and non-profit scholarships and enhanced event production.
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TAPs
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BY THE NUMBERS
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BY THE NUMBERS
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RECOGNITION OF ANNUAL SPONSORS Benefactor
Supporting Bank of America Camden Residential Capital One Gensler HFF HOAR Construction Wilson Cribbs & Goren Contributing
Presenting
BoyarMiller BrewerEscalante Bridgeland Bury + Partners Cassie B. Stinson, ESQ. CB Richard Ellis CDS/Spillette Alliance City of Sugar Land Clark Condon Associates Costello Everett Interests Fidelity National Title
First American Title Friendswood Development Company Greenspoint District Haynes Whaley Hines Jackson Walker Johnson Development Company Jones Lang LaSalle Kendall Heaton Associates Kirksey Knudson Services Kudela & Weinheimer Mission Management Company UCR moodyrambin PAGE Newland Real Estate Group Pearland EDC Planned Community Developers Stewart Title TBG Partners Trammell Crow Company Trendmaker Homes & Development Walker Parking Consultants Wolff Companies Wylie Consulting Engineers
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LOOKING FORWARD 2013 Upcoming calendar events
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October 11 – ULI Luncheon - Development Strategies for a New Era in Health Care
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October 16-19 – Fall Meeting in Denver, CO
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November 1 – Economic Forecast Conference Unleashing the Innovation Economy: Competitive Edge for Uncertain Times
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December 20 – ULI Luncheon - Job Creation and Relocation: The Texas Tidal Wave
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January 2012 - Exclusive Members Only Event
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January 29 – Development of Distinction Awards
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February 28 – ULI Luncheon
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March 6 – ULI Project Tour
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April – Urban Marketplace
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May 3 – ULI Luncheon
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May 15-17 – Spring Meeting in San Diego, CA
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June 13 – ULI Luncheon
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DISTRICT COUNCIL LEADERSHIP GOVERNANCE COMMITTEE John Landrum Co-Managing Partner, MHP Investors
MANAGEMENT COMMITTEE Gary Altergott Principal, Morris Architects
Jim Noteware President, Noteware Development
Matt Behrmann Project Manager, Hines
Tim Williamson Executive Vice President - Real Estate, Cadence Bank
Jonathan Brinsden COO, Midway
Reid Wilson Managing Shareholder, Wilson, Cribbs & Goren, P.C. Ed Wulfe President, Wulfe & Co.
Russ Bynum Project Manager, AECOM Greg Erwin Shareholder & Co-Chair Real Estate Development & Investments Practice Group, Winstead, P.C. Edwin Friedrichs Senior Principal, Walter P Moore
Lance Gilliam Managing Director, UCR moodyrambin PAGE Bill Odle Managing Principal, TBG Partners Sandra Porter Director - Corporate Marketing & Business Development, Hines Cullen Powell Vice President, Wells Fargo Bank Adrienne Schwartz Director of Business Development, Harrison Kornberg Architects
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ADVISORY BOARD Laura Bailey Managing Vice President, Capital One Laura Bellows Chairman of the Board W. S. Bellows Construction Angela Blanchard President & CEO Neighborhood Centers, Inc. Geoffrey Booth Youngblood Endowed Professor of Land Development Texas A&M University Joy Horak-Brown Executive Director, New Hope Housing, Inc. Fred Caldwell CEO, Caldwell Companies Richard Campo Chairman / CEO, Camden Property Trust Chip Clarke President, Gulf Coast and Mountain Regions, Transwestern Mark Cover Executive Vice President & CEO Southwest, Hines
Cydney Donnell Director - Real Estate Programs, Texas A&M University Jefferson Duarte Gerald D. Hines Professor of Real Estate Finance, Rice University Robert Eury President, Central Houston, Inc. C. Richard Everett CEO, Richard Everett Interests Stephan Fairfield CEO, Covenant Community Capital Tom Fish Vice Chairman, Jones Lang LaSalle Capital Markets Group Jim Furr Regional Managing Principal, Gensler Marlene Gafrick Director, City of Houston Planning and Development Department H. Scott Galloway Executive Managing Director, HFF Douglas Goff COO, Johnson Development Corp.
Doyle Graham President & CEO, Valencia Group Jeff Gray President, Grayco Partners George Greanias President & CEO, METRO Gary Greenberg SVP Capital Markets, Weingarten Realty Investors David Hightower Executive VP & CDO, Wolff Companies Andrew Icken Chief Development Officer, City of Houston Michael Inselmann President, Metrostudy Paul H. Layne Executive Vice President, Howard Hughes Corporation Gary Maler Director, Real Estate Center at A&M
Ted Nelson President - Central Region, Newland Real Estate Group, LLC Patricia Belton Oliver Dean & Professor, UH / Gerald D. Hines College of Architecture Tom Owens Executive Vice President, Hines US E. Alan Patton Senior Vice President, Hines US Cassie Stinson, Attorney at Law Thomas M. Stroh Land Development Practice Leader Jones & Carter, Inc. Rusty Tamlyn, Sr. Managing Director, HFF Kerr Taylor, CEO, AmREIT John Walsh, Jr. Director - UH Graduate Real Estate Program
Joel Marshall Sr. VP, Trendmaker Homes & Development
Larry Whaley President & CEO, Haynes Whaley Associates, Inc.
Bahram Motamedian, Managing Director, Hines US
Scott Wilkinson Executive Vice President, Kirksey
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MAKING A DIFFERENCE From the desk of the Incoming District Council Chair, Greg Erwin In January, the Development of Distinction Awards prompted an editorial from the Houston Chronicle heralding ULI. “One of the reasons Houston has moved beyond its Wild West, boomtown reputation of decades past is the thoughtful work of a group called the Urban Land Institute, which is dedicated to putting land to work in ways that promote its highest and best use, as well as strengthening a sense of community. Over time, the Houston chapter of ULI (http://houston.uli.org/), an international group with chapters in 95 countries, has distinguished itself as a force in a city that has too often been regarded as a virtual scofflaw in many professional planning circles. These days, however, Houston’s way of doing things is actually coming to be respected and increasingly, admired.
It seems that our unconventional but highly effective methods of development have proved their mettle to many skeptical eyes as the city has responded nimbly to the challenge of extended national economic downturn. The local ULI has often helped to focus those energies, which are by definition diffuse.” Earning accolades like these inspires me to work with all of your ULI Houston leaders to live up to those words of praise. With your good ideas and support, we will ensure ULI Houston continues to distinguish itself as a force to promote best practices in land use and development. I am honored to serve as your chair, and look forward to a great 2013. Very truly,
Greg Erwin Co-Chair, Real Estate Development & Investments Practice Group Winstead
600 Travis, Suite 1100 | Houston, TX 77002 Office 713.349.8821 Fax 713.349.8812 houston.uli.org
The design and layout of this book was generously provided by Jill Hope - Clark Condon Associates and Thomas Behrman - Metalab Studio