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

BY RAY HANKAMER

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

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

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CCIM COMMERCIAL REAL ESTATE FORECAST COMPETITION

BY RAY HANKAMER
rhankamer@gmail.com

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

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CCIM January Luncheon

BY RAY HANKAMER

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

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

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