Interview with Howard Rambin, Houston Developer

BY RAY HANKAMER
rhankamer@gmail.com

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

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

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

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

BY RAY HANKAMER
rhankamer@gmail.com

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

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