“5 REASONS HOUSTON COMMERCIAL REAL ESTATE WILL SURVIVE LOWER OIL PRICES”
If oil prices and layoffs from energy companies have you down, there’s reason to cheer up. Panelists at Bisnow’s Impact of Oil and Gas Summit explained why commercial real estate won’t be as negatively impacted as you fear.
1, WE GET INVESTORS EITHER WAY
The boom of the last few years has drawn a lot of international investment into Houston. And now that things are slowing…it’s attracting investors. JLL global energy practice leader Bruce Rutherford says people from all over the world are looking at Houston thinking they can get a bargain because of the downturn. So far there’s been no distress, but most investors believe in Houston’s future more than ever and won’t disappear, Bruce assures us. (Middle Eastern capital in particular understands energy cycles and isn’t deterred by them.) Pictured is our panel: TNRG president Mike Spears, Skybox Datacenters managing partner Rob Morris, Thompson & Knight partner Bruce Merwin, Cushman & Wakefield executive vice chairman Tim Relyea, JLL global energy pratice leader Bruce Rutherford, and Hicks Ventures principal Pat Hicks.