CCIM Luncheon – Major Texas Market Broker Panel

Jane Nodskov, ICO Commercial-Moderator; Phil Crane, Providence Commercial Real Estate Services, Inc (San Antonio).; Saadia Sheikh, ESRP (Dallas-Ft. Worth Metroplex); Travis Waldrop, Carr Development, Inc. (Austin)

Dallas-Ft. Worth Metroplex:

  • This megamarket is 7 million people and growing; its economy is very diverse; commercial real estate segments enjoying 2.5% annual rent growth
  • Huge corporate inbound relocation to North Dallas-1.7 mm SF Toyota; 2 mm SF State Farm; 1.4 mm SF JP Morgan; 1.1 mm SF Liberty Mutual, and many many smaller moves
  • Frisco and Plano – two northern suburbs – have more office SF than all of Austin
  • There is some new office development in CBD although there is an overhang of old space as tenants vacate and move to the northern suburbs
  • Industrial market is huge and getting bigger
  • The commercial center of gravity in Dallas is moving to the north, where a new CBD of sorts is forming

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A Shady Business: Houston Developers and Operators-AND our City Fathers- Discover the Sycamore Tree

BY RAY HANKAMER
rhankamer@gmail.com

For years the oak tree, so prevalent around Rice University and the Museum District, has been the signature tree of Houston.

But the beautiful ‘tree tunnels’ in the Montrose, West University, and Museum District don’t come without problems, as voraciously thirsty iron-hard oak roots heave up sidewalks all over town.

The sycamore, a native Houston tree, is much faster-growing than the oak, providing shade in the summer, and letting the warming sun penetrate its bare branches in winter time.

The first cousin of the sycamore, the plane tree, lines many of the grand boulevards of Europe, and other streets as well. Plane trees line country roads all over France and have for centuries.

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O’Connor & Associates Hotel Forecast – Randy McCaslin Managing Director of CBRE Hotels Consulting, Speaker

BY RAY HANKAMER
rhankamer@gmail.com

Takeaway: 2014 was a boom year for hotel occupancy in Houston (69%), but in 2015 there was the beginning of the drop in oil prices and the decline in demand (-2.6%). By 2021 occupancies will
have climbed slowly back to 66% barring any unforeseen events. The Super Bowl in the first quarter of 2017 was boon PR-wise for our city, but over the year it will have contributed only nominally to hotel occupancy / revenue.

  • 2016 was the bottom, as demand fell and new supply was coming on stream; 2017 transition year, with gradual return to stabilization over next 4-5 years
  • 2014 had been a stellar year with occupancies about 10 % over traditional levels
  • The new downtown Marriott convention hotel will be a ‘game-changer’ in Houston’s ability to attract future conventions-we now have an attractive number of rooms within 3-4 blocks of the George R. Brown Center
  • 5,200 new hotel rooms will have opened in the CBD by the end of 2017
  • Katy-Westchase-Energy Corridor, NW, and IAH have been hardest hit by lower levels of O & G industry travel

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CCIM Luncheon – Casey Wagner of Walker Parking: The Impact of the Self-Driving Car / Autonomous Vehicle (AV) on Commercial Real Estate

BY RAY HANKAMER
rhankamer@gmail.com

  • Risks associated with AV include insurance, regulations by multiple government agencies, affordability, tech limits for cars, infrastructure limitations/cost, competition from transit, and other
  • Trust in the feature-by-feature addition to today’s cars is slowly increasing, with such features as automatic parallel parking [but as with so many ‘high tech’ gimmicks, who really needs many of them?]
  • “By 2025-2030 most new cars will have fully autonomous features…or maybe by 2040-2060.”

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CCIM Luncheon May 11, 2017

BY RAY HANKAMER
rhankamer@gmail.com

Speakers: Frank and Kirby Liu of POST HOUSTON; Jim Murnane of Imperial Market ‑ Sugar Land

POST HOUSTON:
Frank Liu and his son Kirby made a fascinating presentation of their plans to re-concept the old downtown Houston Central Post Office, located walking distance from the theatre district, and between I-10 and Buffalo Bayou.

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How to build your business on a firm foundation and keep ahead of your competitors

BY RAY HANKAMER
rhankamer@gmail.com

Authors Note: For forty years I was a franchisee with Holiday Inn (Now IHG), and Hilton, two outstanding international brands. I had a chance to observe close-up what they did to achieve and maintain their leadership in a highly competitive industry. Much of what I learned has direct application to real estate developers, landlords, and brokers.

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