Breakfast Forum: The Houston Commercial Real Estate Markets – What’s Ahead for 2009
During BoyarMiller’s annual Real Estate Market Breakfast Forum, four local experts attempted to balance realism with optimism as they gave their forecast for 2009. And while there were differing predictions about the state of the market, their was consensus that Houston was in better shape to withstand an economic downturn now than it was in the 1980s.
Panelists included Welcome Wilson, Jr., GSL Welcome Group; Craig Hausman, Yancey Hausman; Joel Marshall, Trendmaker Homes; and Ed Wulfe, Wulfe & Co.
For a detailed account, download the presentation below.
Joel Marshall, Senior Vice President
Trendmaker Development Company
Joel has been with Trendmaker since 1986, holding various positions from Assistant Controller to his current position of Senior Vice President. Joel is responsible for the development of several Houston area communities including Green Trails and Grand Lakes (winner of the NAHB's Best in American Living Award for best master planned community in the US) in west Houston, Crossroads in northwest Houston, Silvercreek in Pearland, Crighton Ridge and Crighton Woods in Conroe, and the new 3,200 acre master planned community, Cross Creek Ranch, in Fulshear. Joel holds a MBA from the University of Texas at Austin and a BS from Kansas State University. Prior to joining Trendmaker he was with Barnes-Connally Partnership in Austin.
Welcome W. Wilson, Jr., President & CEO
As President & CEO of Welcome Group, Welcome oversees the development, leasing, construction and purchase of single tenant office, lab, manufacturing and industrial facilities in Texas. Welcome Group has built over 150 such facilities since 1998 and still owns over 75 containing in excess of 3 ½ million square feet. Welcome has been a real estate developer for more than 35 years with extensive experience in industrial development, residential subdividing, retail centers and office buildings. He was President of Belmont Corporation, owner of a 25,000 acre project near Phoenix, Director of Dover Homes of Houston, builder of more than 3,000 homes in Texas and as an officer of TCP Realty Services, responsible for the redevelopment of a downtown Houston office building as well as other Houston office buildings totaling more than two-million square feet. He also serves as a principal of Kingham ∙ Dalton ∙ Wilson Ltd., a Design/Build affiliate of GSL Welcome and is a Director of River Oaks Financial Group, Inc.,
In 2011, Governor Rick Perry appointed Welcome to the Board of Regents of the University of Houston. He also serves on the Board of the Houston Realty Business Coalition, the Texas Business Hall of Fame, the Houston Food Bank, and the American Lung Association Advisory Board. Welcome serves as Chairman of the Board for the Southwest Houston Redevelopment Authority and Southwest Tax Increment Reinvestment Zone Twenty as well as the Energy Collaborative Cluster Council and the Common Grounds Initiative Committee of the Greater Houston Partnership, and is a member of the “C” Club. Welcome is a former Chairman of the End Hunger Network, as a Board Member of the Texas Guaranteed Student Loan Corporation, as a Board Member of the Greater Sharpstown Management District, on the Houstonian Club Advisory Board, and as President of the Kinkaid School Alumni Association. Welcome attended The University of Denver and is a member of Sigma Alpha Epsilon Fraternity.
Ed Wulfe, President & Founder
Wulfe & Co.
Ed Wulfe is president and founder of Wulfe & Co., a Houston-based commercial retail real estate brokerage, development and property management firm. He has more than 41 years of experience in all aspects of shopping centers, commercial real estate, community redevelopment and civic leadership. A graduate of Texas A&M University, Ed began his career as a mechanical engineer with Texaco. He made his move into real estate and spent 17 years at Weingarten Realty Investors where he rose to Executive Vice President and a member of its Board of Directors. In 1985, he launched his own commercial real estate firm, Wulfe & Co. During his real estate career, he has been involved in all aspects of the development and operation of shopping centers of all sizes and types.
Craig Hausman, President
"There's not much we can't do,"says Craig Hausman, who co-founded Yancey-Hausman Interests, the successful full-service commercial real estate company in Houston more than 37 years ago. Craig, who attended the University of St. Thomas in Houston, specializes in property management, tenant representation and corporate marketing efforts. He takes pride in the knowledgeable staff dedicated to bringing the company successfully into the future.