july + august 2019
houstonintown.com
MAY + JUNE 2019
We LAKE VIEW
welcome
the opportunity to be of service
Serving Houston & Surrounding Areas since 1985 CUL-DE-SAC
15 Sandalwood Drive
NEW LISTING
55 Mott Lane
Memorial/Sandalwood · $4,250,000 Piney Point Village· $2,275,000 MLS# 79179561 | 713.932.1032 Jennie Gonzales | 281.848.9852
314 Magnolia Heights Lane Memorial Green · $1,685,000 MLS# 79812823 | 713.932.1032
RECENT CONSTRUCTION
7526 Awty School Ln. Spring Branch · $1,075,000
MLS# 51356158 | 713.932.1032
Hilshire Village · $1,879,000 Cathy Craig | 832.449.2320
CORNER LOT
NEW PRICE
CORNER LOT
1027 Ridgeley Drive
12307 Old Oaks Drive
12127 Broken Arrow St.
MLS# 10905431 | 713.932.1032
MLS# 14670110 | 713.932.1032
Memorial/Frostwood · $1,475,000
GREAT LOCATION
NEW PRICE
14331 Kellywood Lane
Nottingham Forest · $675,000
MLS# 42896521 | 713.932.1032
713.932.1032
Memorial Forest · $1,375,000
|
STUNNING
4924 Valerie Street
Bellaire · $1,695,000 MLS# 74158073 | 713.932.1032
NEW LISTING
7514 San Clemente Point Ct. Katy · $1,125,000 Janice Ratliff | 713.819.0801
REMODELED
957 Queen Annes Road
711 Kahlden Court
Cathy Derrick | 713.806.6857
MLS# 12782125 | 713.932.1032
Memorial Close In · $645,000
Fleetwood · $395,000
B e r n s t e i n Re a l t y. c o m
Starts with an exceptional new home at The Village of Tanglewood, where you’ll find excellent service, outstanding amenities and quality people that take the worry out of daily living so you can Live Life Well®. Choose from a variety of spacious, well-appointed apartment homes that combine luxury, elegance and a sophisticated welcoming ambiance. And there’s more… Need a little extra assistance with your daily routine? No worries, our preferred Home Health provider is available and located in the community.
www.villageoftanglewood.com
/ July + August 2019
contents
Send comments, thoughts or ideas to intownmagazine@gmail.com
16
12
ON THE COVER
30
Photo: David Jennings
24
8-11 ARTS + EVENTS 12-13 FOOD: SEASONAL BITES 14-15 LOCAL DESIGNER WINS NATIONAL AWARD 16-17 A DOGGONE FRIENDLY BREWERY
18-21
STAY AND PLAY
22-23 24-27
REAL ESTATE UPDATE WHO IS TONY BUZBEE
28-29 FINANCIAL FOCUS 30 SPORTS AUTHORITY HALL OF FAME 2019 PRODUCTION
PUBLISHER
M. A. Haines EDITOR
Lisa June
memorialvillagesmagazine.com
Web Design CSS Art & Design Layout & Graphic Design CSS Art & Design Graphic Designer Cris Bell Photographer Wells Brown
CONTRIBUTORS
Lindsay Mowad William Hanover Marene Gustin Evans Attwell Philip Berquist Minnie Payne
For advertising rates and information: 713.525.8607 intownmagazine@gmail.com Space reservation deadline is 15 days prior to publication.
Memorial Villages magazine is published bi-monthly by SNS Media. Articles are welcome and will be given careful consideration for possible publication. Memorial Villages magazine does not assume any responsibility for unsolicited materials. Materials submitted will be returned if accompanied by a stamped, self-addressed envelope to Box 980757 Houston, TX 77098. You can also e-mail intownmagazine@gmail.com. Copyright 2018 by Intown magazine. All rights reserved. Content may not be reprinted or reproduced without permission from Intown magazine.
4 | Mv | July + August 2019
MARC GRINER
D
L SO
6 Warrenton
1703 Turnpike
1321 Nashua
12803 Wondering Forest
225 Millbrook
10734 Old Coach
D
L SO
D
L SO
Are These Questions Important To You?
1. Are you concerned about getting the BEST PRICE obtainable for your property? 2. Would you like your property to sell in the Shortest Possible Time? 3. Do you want someone who can Manage All The Details in Selling your home? 4. Would you like Frequest Communication By Your Realtor, keeping you informed along the way? 5. Do you want to see evidence that your Realtor is Working diligently on your behalf? If so, Call for a FREE, No-obligation Real Estate Consultation with:
MARC GRINER | 832-715-3377
Your Realtor For Life! | Member, Institute for Luxury Home Marketing
THE GRINER GROUP
|
5050 Westheimer, Suite 200, Houston TX 77056 THEGRINERGROUP.COM
| Tel: 713.980.5166 • Cell: 832-715-3377
Publisher’s Letter
Goodbye Whataburger - Hello Local ecently an iconic local brand was purchased by an out of town company, and it has created quite the uproar and deservedly so. The truth is that Whataburger was never locally owned, but Texas owned, which is undoubtedly better than Chicago. Let me explain. Keeping money local is always a goal of mine and should be yours. I am a local fanatic. Locally owned businesses live in your neighborhoods and pay taxes and buy lots of things local. Owners in Chicago or even Corpus Christi where Whataburger was based is not optimal in supporting local businesses. When Walmart started its major expansion locating in towns across Texas and the US, many, many small, locally owned businesses went out of business. A lot of those towns now are shells of what they once were. The Whataburger double cheeseburger or patty melt may not taste any different after new owners take over, but the money will flow elsewhere. In the case of supporting local, it seems that a local burger joint owned by your neighbor makes pretty good burgers. Maybe they are a little more expensive and don’t do as much advertising but still make an excellent choice. Many restaurants source their food from local farmers, and it helps the cause to buy from them. By buying local, more of your money spent stays in the neighborhood where the proprietors live, purchase real estate, insurance, food and others goods and services such as local advertising which stays in the community when the media company is locally owned. Buying exclusively local on all things possible will significantly affect tax rolls that go into schools, roads, police, and fire protection. I’m sure Whataburger is pretty darn good and will likely stay that way, but I’m out. For an excellent example of a community that supports local check out the Heights. They have long been averse to national chains taking up shop in their friendly confines. By supporting local, the Heights has many cool locally owned retail shops, barber shops, galleries, restaurants, real estate and service companies that are unique to the Heights and contribute significantly to its appeal and bottom line. Seems like the right thing to do. Something to think about.
6 | Mv | July + August 2019
1911 Spann / River Oaks Area
Coming Soon Price $877,000
Elegant upscale luxury living in a private gated community. Freestanding home with an elevator to all three floors with 3 bedrooms, 3.5 baths with study and two flex rooms. Adjacent to superb River Oaks shopping and restaurants. Close to West Avenue and Upper Kirby. Zoned to River Oaks Elementary and Lanier High School.
Genevieve Rowland | Keller Williams Memorial | 281-904-7014
254 Pinerock Lane / Montgomery
3930 Marlowe St | West University
This home was built for privacy and would make a perfect get away home from the hustle bustle life in Houston. It is located in a private enclave in Bentwater! Come and enjoy the 3 Golf Courses that Bentwater offers and play the exclusive Grand Pines Course. The home has an open floor plan with large family room designed for easy entertaining with full bar area.
This classic 4/3.5/2 traditional has an expansive entry, gleaming hardwoods down, & the quiet comfort of carpet for all beds up. Study w/built-ins. A cheery island kitchen w/Jennair cooktop. High ceilings, tall windows & transoms create a light, open feeling. Abundant storage! Oversized Master, his/hers closets. Insulated bonus room over the garage w/guest bath! Custom-covered patio w/lush landscaping!
List Price $1,675,000 | MLS#22373784
Beverly Smith | Coldwell Banker | 713-569-2113
10902 Memorial Dr | Hunters Creek
List Price $1,995,000 | MLS # 22426798
Hunters Creek Hacienda/Villa beautifully updated with Spanish style interiors and European architecture. 5,652 SF of total living space, including separate quarters over 3 car garage. Solidly built with quality construction materials including 12-16 inch thick masonry brick stucco walls and fastidiously maintained roof. 5 bedrooms, 4 full baths and 2 half baths. 30,492 SF lot features resort style pool, cabana w/ full summer kitchen, firepit and mosquito misting! Plenty of guest parking on the double wide circular drive (12 cars park unobstructed).
David M. Young | John Daugherty REALTORS | 713-320-6453
List Price $1,299,900 | MLS#81284840
Barbara Alcamo | RE/MAX Vintage | 713-825-1732
14331 Belle River Ln | Lakes of Parkway
List Price $1,725,000 | MLS# 33095230
Exceptional Kickerillo custom home on prime lake front lot in guard-gated Lakes of Parkway. Resort like backyard with pool, spa, outdoor kitchen, expansive covered terrace, many palm trees. 19x27 Living Room with 2-story ceiling, huge picture windows to backyard/lake, open to kitchen, breakfast, and foyer. The master has a 2story ceiling, 2 huge walk-ins with custom build outs, study and bonus room attached. Two bedrooms down, 4 bedrooms up, game room and fully finished out media room.
David M. Young | John Daugherty REALTORS | 713-320-6453
CHUBB • PURE • AIG • CINCINNATI
Luxury Home Insurance . . . Discover the Difference! LUXURY HOMES - VALUABLES - VEHICLES - UMBRELLA LIABILITY
CARRIE OUSLEY | 832.681.5020
4019 Driscoll St | Montrose/Upper Kirby List Price $848,888 | MLS#41726749
Impeccably designed freestanding home in Montrose / Upper Kirby. Four bedrooms plus gameroom with wetbar and 3 balconies. Elevator installed. Hardwoods and tile–no carpet. Open living areas with high ceiling. Island kitchen has bar seating, stainless steel Wolf appliances. Great space for city living and views. Radiant barrier, tankless water heater. Refrigerator, W/D included.
David M. Young | John Daugherty REALTORS | 713-320-6453
2619 Newman St | Upper Kirby
List Price $909,000 | MLS#63293249
Custom home with clean, modern finishes in Upper Kirby with 4 bedrooms and large, versatile open living areas on the second floor. Located on a coveted horseshoe shaped street (no thru traffic), which provides more neighborhood feel in the city. Very lightly lived in, well maintained. Balconies with western views and large patio for outdoor enjoyment. 6x12 study off master added in 2018 – also great for a nursery. Elevator capable. Security, cameras, Control 4/Russound whole house sound system. Refrigerator, W/D included in sale. Home Team Pest Control system installed.
David M. Young | John Daugherty REALTORS | 713-320-6453
8 | Intown | May + June 2019
‘First Look’ at New Holocaust Museum Houston, Lester and Sue Smith Campus The Holocaust Museum Houston (HMH) has opend its new Lester and Sue Smith Campus on at 5401 Caroline St. after a $34 million expansion, The new three-story structure will house a welcome center, four permanent galleries and two changing exhibition galleries, classrooms, research library, café, 200-seat indoor theater and 175-seat outdoor amphitheater. More than 50 screens, mini-theaters and interactive terminals are featured throughout the Museum. In becoming one of the top Holocaust museums in the country, the organization will broaden its mission as a superregional hub for Holocaust education and a national voice for human rights and social justice. Holocaust Museum Houston, a nonprofit 501(c)3 organization founded in 1996 by Houston-area Holocaust Survivors, their descendants and members of the community, is accredited by The American Alliance of Museums. Average annual attendance is 160,000 visitors, including more than 71,000 middle and high school students. The Museum is dedicated to educating people about the Holocaust, remembering the 6 million Jews and other innocent victims and honoring the survivors’ legacy. Using the lessons of the Holocaust and other genocides, we teach the dangers of hatred, prejudice and apathy.
Arts + Events
FARMERS MARKET Every Saturday Rain or Shine
Artupdate houston published every two weeks by houstonintown. Go to website and sign up for newsletter to receive free update. Museums Asia Society Texas Center
Opens July 2 through September 22
Site Lines: Artists Working in Texas
Shooting the Moon: Photographs from the Museum’s Collection 50 Years Apollo
Ongoing through August 18
Opens July 20 through September 2
Museum Of Fine Arts Houston
Contemporary Arts Museum Houston
Eye on Houston High School Documentary Photography Ongoing through August 11
Stonewall 50
Ongoing through July 28
Arts of Islamic Lands: Selections from The al-Sabah Collection, Kuwait
Steven Evans: If I can’t dance, it’s not my revolution!
Between Play and Grief: Selections from the Latino American Collection
Holocaust Museum Houston
Ongoing through December 29
Ongoing through September 8
William Forsythe: Choreographic Objects Ongoing through September 15
Icons of Style: A Century of Fashion Photography
Ongoing through September 22
Hunters Creek Village at First Congregational Church
Ragnar Kjartansson: The Visitors
Super Sarap
Ongoing through July 21
9am - 1pm
Ongoing through October 14
Re-Opening on July 3
Operation Finale: The Capture & Trial of Adolf Eichman Ongoing through September 15
Menil Collection Roni Horn: When I Breathe, I Draw, Part ll Contemporary Focus: Mineko Grimmer Ongoing through September 1
Collection Close-Up: The Graphic Work of Dorothea Tanning Ongoing through October 13
Houston Museum Of Natural Science
Permanent Exhibits Alfred C. Glassell, Jr. Hall Cullen Hall of Gems and Minerals Earth Forum Farish Hall of Texas Wildlife Frensley/Graham Hall of African Wildlife Hall Of Ancient Egypt Hamman Hall Of Texas Coastal Ecology Herzstein Foucault Pendulum John McGovern Hall of The Americas Lester & Sue Smith Gem Vault Morian Hall of Paleontology Starke Hall of Malacology
Wiess Energy Hall Welch Hall of Chemistry Special Exhibitions “Moon” by Luke Jerram Death by Natural Causes InFocus: A Museum Photographic Experience Wild Bees Art of the Gunsmith: From Columbus to Napoleon Biophilia: A Dialogue of Nature, Art and Science Wildlife Photographer of the Year 54 Life in Stone Tourmaline Treasures Music & Dance HOUSTON SYMPHONY July 4
Star -Spangled Banner Salute
We’re So Excited! We Just Can’t Hide It!
10497 Town and Country Way | Suite 700 | Houston, TX 77024 281.747.7850 | www.allegiancetitle.com
Keep a watch for our Grand Opening Celebration! July + August 2019 | Mv
|9
MILLER OUTDOOR THEATER July 4 Star Spangled Salute 5 Fly Dance Company 6 Family Funk Festival 16-21 Seussical The Musical August 2,4 ,6 ,8,10 Julius Caesar 3, 7,9,11 As You Like It 16 Jeremy McQueen’s Black Iris Project 17 Mingus Big Band 20 Movies At Miller: Black Panther 21 Movies At Miller: Top Gun 23,24 Formosa Circus Art 30 Classic Album Live:
The Who - The Who
31 Bach & Piazzolla
STAGES REPERTORY THEATER
Murder For Two
Ongoing through July 28 5-6 10
The Music of Queen Donor and Subscriber Appreciation Concert 12-13 The Music of Selena 18-20 Harry Potter and the Order of the Phoenix August 29 Raiders of the Lost Ark in Concert
The Little Mermaid_Film with Live Orchestra 6-8 Renee Elise Goldsberry
Elvis: My Way Starring Brandon Bennett
The Doyle and Debbie Show
Stuart Little The Musical
THEATER A.D. PLAYERS
August 9-11
Sister’s Back to School Catechism: The Holy Ghost and Other Terrifying Tales
31- Sept. 1
West Side Story
Ongoing through July 28
Mike Eldred The Very Best Of John Denver
July 15-16
ALLEY THEATRE
Murder on the Orient Express July 19-August 25
July 12 through September 8
August 21 through October 13
THE ENSEMBLE THEATER
Josephine Tonight
Ongoing through July 28
July 9
Mother. Volunteer. Realtor. ®
Let Alex find your place in the world.
Alex Loyd 713.851.2521 alex.loyd@compass.com Alex Loyd is a real estate agent affiliated with Compass. Compass is a licensed real estate broker and abides by federal, state and local laws. Equal housing opportunity.
10 | Intown - October 2018 Mv | July|+September August 2019
SPORTS Houston Astros | Minute Maid Park July 5-7 LA Angels 19-21 Texas 22-24 Oakland August 2-4 Seattle 6-7 Colorado 19-22 Detroit 23-25 LA Angels 27-29 Tampa Bay
Houston Dynamo | BBVA Compass Stadium July 3 12 24 27
NY Red Bulls LA Football Club Club America Seattle Sounders FC
August 3 Chicago Fire 17 Colorado Rapids
WORTHWHILE CONVERSATIONS WHAT ABOUT THOSE RETIREMENT “RULES OF THUMB”? How important is it to be debt-free when you retire? Being debt-free at retirement is popular advice today on radio talk shows and internet blogs. However, it is not a “onesize-fits-all” approach. Not all debt is created equal, so be careful about following these rules of thumb. ARE YOU SAYING THERE IS “GOOD” DEBT AND “BAD” DEBT? Yes, that is accurate. If you are making multiple minimum payments on credit card balances, you probably need a new plan. That is likely “bad” debt. Making early principal payments on a low-rate, fixed interest mortgage so it will be retired on your 65th birthday is not always the best choice. That mortgage might actually be “good” debt. How do you know the difference? Each situation is different. We recently met a couple who came in with a very strong motivation to pay off the remaining 6-figure balance on their mortgage, since the
husband just received an early retirement severance package. Our analysts modeled their individual numbers, considering their income tax position and other assets. Our advice was to leave the mortgage alone and continue to make the regular payments. Considering income tax effects and long-term portfolio effects, their long-run financial position was likely to be better keeping the mortgage. They never imagined that the projected long-run improvement in their outcome could be greater than the amount needed to pay off the mortgage today. So, the answer is to keep your mortgage and pay off everything else? No, that would be another rule of thumb. The real solution is to get individually tailored advice from a firm committed to the fiduciary standard, with no particular ax to grind. As Phillip Hamman, CFA, CFP®, Chairman of our Wealth Planning Committee, stated recently, “We have all the professionals needed to fully address these questions - CPAs, attorneys and
other credentialed professionals. We have that team and have been helping clients with questions like this for 48 years.” We are ready to talk and can meet you at our office in the Houston Galleria area. For more information, or a copy of our Form ADV, Part II, with all of our disclosures, call Grant Williams or J. Harold Williams at 713 840 1000, or visit www.linscomb-williams.com.
Linscomb & Williams is located at 1400 Post Oak Blvd., Ste. 1000 in Houston, TX For more information call 713 840 1000 or visit www.linscomb-williams.com. Linscomb & Williams is not an accounting firm.
July + August 2019
| Mv |11
W
Food
a h
o t t Eat
By Marene Gustin
12 | Mv | July + August 2019
at He
W
hat to eat when it’s hot enough to fry an egg on the sidewalk? Seasonal fruits and veggies, of course. They are fresh, healthy and bursting with flavor. Besides being in abundant supply at the local farmers market, you’ll also find them on plates at various restaurants around town. While tomato season may be starting to wind down, chef Daniel Berg says summer is the best time to enjoy an Italian classic salad at Memorial’s new b.b. italia kitchen & bar, part of his brother Benjamin Berg’s thriving empire of eateries around town. (Think B&B Butchers & Restaurant and B.B. Lemon.) “What really sets a great Caprese salad apart from others is fresh, heirloom tomatoes and high-quality mozzarella,” says the chef. “We import our mozzarella from Italy and we are currently using fresh, local heirloom tomatoes for our Caprese salad as they are in season, and I think it shows in the dish.” If you miss tomato season, you can chow down on the restaurant’s roasted beet salad with oranges, candied pistachio and shaved fennel. Delicious beets are harvested all summer long and into the fall. Chef/owner Lynette Hawkins has made the causal Giacomo’s cibo e vino in River Oaks a hit, both for her tasty Italian creations and for her well curated wine list. Both wine and foods often make the lists of best places to eat that will do minimal damage to your pock-
Seasonal Bites in the
et book. Every month she has a seasonal menu. “Because ingredients have the best flavor in their peak season,” she says. “And I like to support the local farmers. In July we’ll have heirloom peppers, eggplant and okra. Buying seasonally and locally is not only healthier and more delicious for the consumer, it is also healthier for the environment. Flying and trucking produce over long distances consumes a lot of petrol. This seems so obvious, but a lot people don’t realize this.” If you check her website you’ll also see that she does a monthly seasonal dessert, with proceeds going to Rescued Pets Movement, a local nonprofit that pulls dogs and cats from death row and finds them homes, often in other states that have a lack of adoptable pets. “I do it because I love animals,” the chef says. “I guess you could call it my ‘pet’ charity.” Hawkins herself has always rescued dogs and cats and, in fact, the restaurant is named after her previous rescued golden retriever, Giacomo.
Local Foods has spread its fresh salads and sandwich fare to five locations now. A favorite one is the one inside Heights Mercantile market in the historic neighborhood. This is the place to cool down this summer with the original Local Foods mint tea that will be back on the menu. Manager Arien Chabolla says look for lots of eggplant and roasted bell peppers in July and August. The menu features many vegan items that make use of seasonal vegetables and fruits. “We recently revamped our smoke trout sandwich and smoked salmon sandwich,” he says. “We buy most of our produce locally so it’s always seasonal. We buy from farms and ranches and have a strong relationship with the high school farm at Pro-Vision.”
Pro-Vision is a charter middle and high school serving southeast Houston’s Sunnyside neighborhood that also teaches character development and job preparation. The nonprofit school also has a two-acre urban and aquaponic farm where students learn to grow the food Carrot salad and Melanzane Ripiene, below, at Giacomo’s
and how to sell it to local restaurants, like Local Foods. The farm is also a tool to address issues in the community like childhood obesity and lack of access to fresh, healthy food. So, get out of the heat this summer and head to your favorite eatery where you can enjoy some seasonal eats and some cooling air conditioning. You’ll love it and you may be helping out a good cause.
b.b. italia kitchen & bar 14795 Memorial Dr. 281.531.0696 bbitaliakitchne.com
Giacomo’s cibo e vino 3215 Westheimer Rd. 713.522.1934 giacomosciboevino.com
Local Foods
714 Yale ST. Ste. 1A 713.360.6133 houstonlocalfoods.com
SOFT SHELL CRABS ENTREE & PO-BOY
SNOW CRABS
THE ORIGINAL 4302 Richmond Ave Houston, TX 77027 (713) 623-6321
CAJUN Style
WESTCHASE RAGIN-CAJUN.COM
9600 Westheimer, #80 Houston, Texas 77063 (832) 251-7171
July + August 2019
| Mv |13
Design
AFTER
Local Interior Designer Wins
D
ecorating Den Interiors franchise owner Kimberly Paulus, of Missouri City, was named Designer of the Year - the highest design award presented by Decorating Den Interiors, North America’s largest interior design and home furnishings franchise company and leading inhome decorating service. In addition to Designer of the Year, Paulus’s bedroom makeover won first place out of 385 entries in 12 categories and was first place among the designers who entered the competition for the first time. This award was judged by a panel of interior design journalists from across the U.S. and Canada. “I am thrilled to win this honor,” said 14 | Mv | July + August 2019
Kimberly Paulus receives award from Patti Coons and Jim Bugg Jr.
BEFORE
National Award Paulus. “My design resulted in a transitional master bedroom retreat that offers a serene, relaxing atmosphere in blue and gray. To break up the expansive space, I used detailed trims, wall sconces, and artwork. Luxurious bedding and designer fabrics add depth to the room while furniture selections add interest. Sheer window treatments frame the seating area, and soft lighting adds to a quiet mood. My wonderful clients were Michael and Estrella Alberter.� Paulus also tied for third in the living room category, and her commercial project was judged second best among first-timers. To learn more about Paulus, visit www. kimberly.decoratingden.com.
July + August 2019
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Baileson Brewing Story
C
By The Hon. Philip Berquist Honorary Consul of the Republic of Croatia for Texas
onsider the popular theory that “All politics are local.” Our lives are truly centered around the things around us - the “local” things. I would like to expand that popular theory to this - “All beers are local - or should be!” Growing up in the 50’s and 60’s in the Midwest, I recall that were not many choices for beer. My “local” beer was Stroh’s, from Detroit. The customers were not offered many choices of beers in those days, mainly German-styled lagers. People had their favorites, to be sure, whether it was Schlitz, Pabst Blue Ribbon, even Blatz was popular. Then, in the 80’s and 90’s something wonderful happened - a beer revolution that would change the beer scene in so many terrific ways. No longer did one have to choose the lager of choice, the options now were expanded to ales, brown and very dark, London-style bitters, Czech-inspired pilsners, Hefeweizen (wheat - one of a very, very few beers that I do not enjoy!) and my own favorite, IPA (India Pale Ale). Breweries opened and closed in the Houston area with great frequency as the industry tried to figure out a successful model. Remember the “Houston Brewery” and “Two Rows” in the Rice Village? Most had in-house food and were referred to as “Brew Pubs.” I frequented many of them but never had been able to experience a really “local” concept. Yes, Saint 16 | Mv | July + August 2019
One of the brewery’s dogs, Beau, as a puppy
Arnold was and is a favorite independent, but I dreamed about a neighborhood tap room, where beer was brewed on site, and poured by the brewer. Well, it happened. Sarah and Adam Pope opened a place in the West U area in 2017 named “Baileson Brewpub.” Remember the old automobile repair shop on Bissonnet, near the old “Kay’s Lounge” between Kirby and Greenbriar? One would drive by and see two outdoor auto lifts, usually with BMW’s up for service. This is now Baileson’s. 2322 Bissonnet. The name is based on the names of their two dogs, puggles, both named Bailey and Jamie, were named after brands of liquor, Bailey’s Irish Cream (“Baile”) and Jameson Irish Whiskey (“son”). Sar-
ah is the Brewmaster, Adam handles the business side. Sarah brews during the week. Her many offerings are sold on weekends only - Friday, Saturday and Sunday. Food is offered, after all it is a “Brewpub”, but it is served by a rotating variety of excellent food trucks. There is even a pizza food truck that hauls around a wood burning pizza stove. Other trucks feature BBQ, Mexican and Asian fares. There is a short bar on the inside along with numerous tables. Outside are many picnic tables. Photo of picnic tables. Baileson’s is also BYOF (Bring Your Own Food). Bring a sandwich, order a pizza delivery, not a problem. Sarah and Adam also feature “Beer To Go.” They have introduced the “Crowler,” not to be confused with a “Growler” which is a large beer bottle. The Crowler is a 32 ounce refillable container that, when filled, is literally sealed to ensure the beer’s freshness. As far as production capacity, Sarah brews about 200 gallons per week, using the top-fermenting yeast menthol, resulting in very tasty draughts. Each beer available is listed on a black board, with alcohol by volume (ABV) percentages as well to guide the customer. Pints and half-pints are offered. As is the current brewing custom, the names of the beers are clever, though not always self-descriptive. For example, Parliament is an American Pale Ale, their
Nook with different breweries
Imperial Stout is called The Healer, a delicious West Coast IPA is Massinghorn. Another “SMaSH” (single malt, single hop) IPA is the Amarillo Hopkins. Their wheat beer offering is the Honey Nugget. Another Baileson’s Hefeweizen is the “BeauHaus” that is named after their third dog, Beau. There are many, many more Baileson brews to choose from, you get the idea. My current favorite is Better Late than Never, another West Coast IPA. They also feature non-alcoholic Saint Arnold’s Root Beer. A quick lesson into the original of my beloved IPA, India Pale Ale. Years and years ago, in the 1840’s, when England had troops stationed in India, it was literally impossible to get beer to the soldiers in India that would be drinkable after the long sea voyage around the southern tip of Africa. Obviously this was a serious problem and serious problems require serious solutions. After years of many failures, England brewers started drastically “over-hopping” the beer being sent to India. At long last the problem of foul tasting beer was solved and the over-hopping resulted in a very full and robust end result, the IPA. Back to Baileson’s. Man’s Other Best Friend Since Baileson’s is named after dogs, one would be entirely correct in assuming that this is a very dog-friendly establishment. From exotic breeds to mutts, all are welcome. Lisa and I do not take our beloved Sammy there since she would not take kindly to all of the canine competition, but the dogs that do show up are generally well-behaved and leashed by their thoughtful owners. Also, plenty of “Baileson Paraphernalia” is available, hats, shirts, baby outfits etc. So there you have it. Local owners, local beers, iconic building = sheer perfection.
Baileson’s Brew Pub
2322 Bissonnet, 77005 Hours of operation Friday, 4:00pm until 10:00pm Saturday, 11:00am until 10:00pm Sunday, 12:00pm until 8:00pm https://www.bailesonbrewing.com July + August 2019
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Dr. Ron DePinho and daughter Alexis Dr. Ron DePinho Accommodations and daughter Alexis
This cosmopolitan oasis is located in the heart of downtown Houston. The hotel’s Parkview Terrace is home to the oneof-a-kind Texas-shaped rooftop lazy river, a rooftop infinity pool, and a large-scale special events pavilion overlooking Discovery Green Park. The hotel features 1,000 guest rooms, a full-service spa and fitness center, and six food & beverage outlets. • Game Day: Catching an Astros game at Marriott Marquis Houston includes live music during weekend games in the hotel’s lobby. At the hotel’s elevated sports bar, Biggio’s, Astros fans can sample food and drink specials while cheering on the team from one the luxe leather recliners, or in a semi-private booth. Biggio’s baseball caps are given to a limited number of guests on game day. • Moon Landing: All eyes will be on Houston this July as the city observes the 50th anniversary of the moon landing. To celebrate, Marriott Marquis Houston’s “Mission to the Moon” hotel package includes overnight accommodations, hotel credit, and the new “Moon Melt Massage” spa treatment, incorporating warm Himalayan salt stones, hot Basalt River Stones, and foot scrub. Packages start at $454. Summer Elevated Music Series: This year’s lineup includes live, poolside concerts featuring emerging local artists hosted in partnership with Rebecca Creek Distillery and Silver Eagle. The poolside jams take place on Fridays and Saturdays 18 | Mv | July + August 2019
through July 20 from 6–8 pm. This year’s artists include Gabe Garcia, Myles Smith, Jesse Stetton, and Mario Flores.
Food + Drink
Located on the sixth-floor Parkview Terrace, High Dive serves handcrafted cocktails and specialties in a resort-like atmosphere. Gear up for the day’s adventures, mingle at our rooftop pool bar or relax over dinner and drinks with a panoramic view of downtown Houston and Discovery Green. Visit Marriott Marquis Houston online, or call 713.654.1777.
Houstonian Rooms Crafted for those who crave unique luxury and Southern comfort, our Executive Suites offer separate living and sleeping spaces. The generous two-room suites each boast an individual charm, highlighted by the natural light that filters throughout the rooms. Well-appointed amenities offer the high-end traveler a lovely retreat in which to pamper themselves. Constructed for the original Texas tycoon, the masculine décor of the
Capitol Suite embodies the “everything is bigger in Texas” attitude with an Oil Baron ambiance. Plush accommodations, an in-suite office, and poolside views allow the high profile business traveler to escape the boardroom and do business on the Bayou. Cozy oversized chairs invite world travelers to sit by the fire and tell stories of business conquests, personal journeys, and more with a cocktail in hand.
July + August 2019
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The Spa
Dr. Ron DePinho and daughter Alexis
A Houston favorite the Trellis is a full-service spa, featuring massages, facials, body treatments, hand and foot treatments, waxing, hair services, and professional make-up services.
Summer Package
Slide down a 30-foot pool slide and play in geysers, a Little Lagoon, and our club’s kid’s gym, Bungalow, and playground. Enjoy popcorn, candy and a movie, then explore the outdoors on our Nature Hikes for families*. Each child receives a “Houstonian Buddy” stuffed animal! The best available rate for deluxe accommodations, Thursday – Sunday Arrival gift of popcorn, candy and a “Houstonian Buddy” stuffed toy for each child One complimentary in-room movie per stay Complimentary Saturday morning Nature Hike at The Houstonian (*August only) Complimentary self-parking Late check-out on Sunday evening Complimentary access to the exclusive Houstonian Club and resort pools Add Saturday Nature Hike breakfast with nature craft for only $16+ for adults and $9+ for children. Reserve by calling 713-685-6713. Add more to your weekend! See the wonders of space, amazing animals, fascinating science, world-class art and more with Houston CityPASS tickets: https:// www.citypass.com/houston For more go to houstonian.com. 20 | Mv | July + August 2019
Sara’s Inn on The Boulevard The Hotel For over 30 years, Sara’s Inn has been an excellent place for guests from all over the world looking for something a little different. Perfect for the romantic couple looking for that weekend get-a-away unforgettable stay. Only 4 miles from downtown, Sara’s Inn is close to and less than a mile from many of the local Texas-acclaimed restaurants. Ranked #1 on Trip Advisor, the 100+-year-old Inn has the charming character of a historic home combined with the elegance and luxury of a boutique hotel.
The Rooms
Most offer the same amenities as a hotel, such as flat-screen TV, cable, minifridge, robe, hairdryer. Several bonuses to staying here versus a hotel downtown is free on-site parking, free wireless internet, and a breakfast with many made-toorder and gluten-free options. We also have a one-of-kind machine that makes
coffee, cappuccinos, lattes, and hot chocolate with an easy-to-use touch screen. There are 15 beautifully decorated rooms with our choice of rooms being the Rooftop Suite. If a queen bed suits you, this will allow you the only access to the Rooftop balcony. Getting cozy is worth it. For a more extensive, more modern suite go for the Luxury Suite which has a 50-inch flat screen.
The Food
Breakfast is served from 7:00–9:00 am during the weekdays and from 8:00– 9:30 am during the weekend. The famous breakfast includes all of the following: Made-to-order eggs, waffles, pancakes, steel cut oatmeal, and Canadian bacon Variety of fresh fruit Homemade muffins Grits, turkey and pork sausage Variety of cereals, yogurts, and bread Coffee, milk, and juice
Individual items such as quiche, potato casserole and breakfast tacos (weekends only) A guest can join you for breakfast; there is an additional charge of $20 per person, and advance notice to the innkeeper is required.
Rates
199 weekends and 179 weeknights during summerbased on the availability of course. For more saras.com.
WE ’RE IN THE PEOPLE BUSINESS. W E J U S T H A P P E N TO B E A B A N K .
Unmatched service. Sound advice. And peace of mind knowing your money is well cared for. Now, how can we help you today? Visit us at frostbank.com or call at (800) 51-FROST.
MEMBER FDIC
July + August 2019
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Houston Real Estate Market Update HALF TIME REPORT 2019 By David M. Young,
Broker Associate, John Daugherty Realtors 713-320-6453 david@youngrealtyhouston.com
T
he Houston residential real estate market has registered record sales in the months of February to May this year, with our higher end (over $750k) leading the way. Despite record sales, many homes continue to sit on the market due to higher inventory levels in many areas, including the Inner Loop, Heights and Energy Corridor. According to the Houston Association of Realtors: “Sales of single-family homes increased 2.8 percent in May, with 8,346 homes sold compared to 8,117 in May 2018. On a year-to-date basis, home sales are running 2.7 percent ahead of 2018’s record pace. The prices of a single-family home reached historic highs in May. The median price rose 2.4 percent to $249,993 and the average price climbed 5.8 percent to $323,023. The last pricing highs were reached almost a year ago, in June 2018.” Since the market is doing so well, why isn’t my home selling? It all comes down to location, condition and price. If a home borders a busy street or commercial property, it will almost always take longer to sell. If a home needs updating, repairs or is not staged well, then buyers may not get excited about it or see too many dollars to invest after closing. If a home is priced higher than other competing homes, it may not even get showings until its price comes in line with other properties. But even when a home is in a prime location in the neighborhood, is in excellent condition and is priced competitively, it may sit on the market for many months waiting for the right buyer. We have a lot of buyers in the market, but we also have a lot of homes on the market, so there are lots of choices for buyers right now. 22 | Mv | July + August 2019
Most expensive: 2930 Lazy Lane
Here are some statistics on several of our major micromarkets, showing 2019 YTD sales of single family homes as of June 28, and highlighting the highest sale so far this year. River Oaks 30 homes sold averaging $3,826,660 ($597/SF) and 134 days on market (DOM) 2930 Lazy Lane - $15,680,000 ($1,479/SF) – 234 DOM – 10,599 SF house on 228,020 SF lot built 1950 Memorial Villages 54 homes sold averaging $1,926,324 ($362/SF) and 145 DOM 25 Greyton Lane - $5,250,000 ($66/ SF) - 188 DOM - 11,265 SF house on 48,082 SF lot built 2013 Tanglewood 21 homes sold averaging $2,218,095 ($386/SF) and 288 DOM 5510 Tupper Lake $4,550,000 ($654/SF) – 285 DOM – 6,959 SF house on 44,383 SF lot built 1993 West University Place 75 homes sold averaging $1,339,650 ($401/SF) and 76 DOM 2819 University Blvd $3,150,000 ($411/SF) – 202
DOM – 7,670 SF house on 14,000 SF lot built 2007 Briargrove 24 homes sold averaging $1,106,224 ($327/SF) and 100 DOM 6213 Briar Rose - $2,300,000 ($357/SF) – 22 DOM – 6,450 SF house on 9,727 SF lot built 2015 Heights (77008 east of Shepherd, south of 20th) 120 homes sold averaging $769,512 ($323/SF) and 97 DOM 635 E 12th St - $2,100,000 ($410/ SF) – 6 DOM - 5,127 SF house on 9,375 SF lot built 2014
Bridgewood Quietly Building Scale - Latest Village To Open in Southampton Bridgewood Property Company, a Houston based company has quietly become a regional force in senior living with a “steady as she goes” approach to development and operations. Since its founding, Bridgewood’s founder and president, Jim Gray has developed 34 communities. Bridgewood’s current portfolio now consists of 22 properties in Texas, Oklahoma and Arkansas, totaling 2,600 independent living, assisted living and memory care units, which are managed by Bridgewood’s in-house operator, Retirement Center Management (RCM). Gray is “baffled” by the pace at which some senior living markets are being flooded with product and is committed to Bridgewood’s careful approach — still, the company has ramped up in recent years, starting to grow through acquisition for the first time. “We don’t want to be the biggest operator,” Gray said. “We just want to be the best.” Gray got his start in real estate at Trammell Crow Company, a legendary Dallas-based real estate brokerage and developer that is now a subsidiary of CBRE, the largest real estate services and investment firm in the world. Gray left Trammell Crow in 1997 to form Cypress Senior Living, focusing strictly on independent living, and ultimately built a portfolio of 2,250 units across the Midwest and Southeast before selling Cypress to Chartwell Retirement Residences (TSX: CSH-UN), Canada’s largest senior housing operator, in 2006. Gray regrouped by forming Bridgewood and RCM, focusing on higher-end, ground-up developments. The typical size of a Bridgewood community is around 200 units. The company undergoes a lengthy site selection and entitlement process, Gray told Senior Housing News. “We build one community at a time,” he said. “There is a lot of product being built in some markets, which is baffling to me.” Development accounts for the majority of Bridgewood’s portfolio, but the company has added acquisition to its strategy in recent years and has added
five communities in the past three years through purchases. Bridgewood’s newest development, The Village of Southampton, offers highrise luxury senior living in the iconic Southampton neighborhood of West University in Houston. The Village location is blocks from the Rice Village shopping and dining district, Rice University and the Texas Medical Center. The 203-unit
continuing care community is scheduled to open Spring 2020 with 50% of the independent living units already pre-leased. Bridgewood Property Company co-developed The Village at The Triangle, a CCRC in Austin, Texas. The Village at the Triangle was awarded “Best CCRC Design” in the 2018 Senior Housing News Architecture and Design Awards.
ting a r b e Cel r 20th Ou versary Anni
55+ All Inclusive Independent Living, Assisted Living, Respite and Memory Enhancement We are a lease, NOT a buy-in! Celebrating 20 Years of Service in Houston
This year marks the 20th anniversary of providing excellent service in Assisted Living and Memory Care. With more than 60 years of Senior Living industry experience, The Abbey has been the benchmark for care and service to those age 55+. Call us today to schedule a personal tour of our beautiful, newly renovated community. From the moment you enter, you’ll understand why our residents are proud to call The Abbey home. Family owned and operated, The Abbey offers all-inclusive Independent Living. Assisted Living and Memory Enhancement, all on the same campus. Come see for yourself how we’ve changed.
2865 Westminster Plaza Drive Houston, Texas 77082 (Across from W. Houston Medical Ctr.) www.abbeywp.com
Phone: 281.556.6020 Cell: 713.449.6940 ALF #100256 July + August 2019
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River Oaks Attorney Trying to Beat Long Odds
20 | Intown | July + August 2019
Who Is Tony Buzbee By William Hanover
E
very two years, Houston decides who is going to be its next CEO. More often than not, history repeats itself, and the incumbent not only defends but serves a term limit of six years. Tony Buzbee, whose motto is “just win” has other ideas. He has his sights on becoming the CEO of one of America’s largest and vibrant cities, with a self-financed plan to get in a runoff after November and put an end to the 25-year string of wins for incumbents.
Not Since 1992, when then Kathy Whitmire’s ten-year term came to an end has a sitting mayor been defeated. Her opponent was Houston businessman Bob Lanier who passed term limits of six years. He served a maximum six-year term as did Lee Brown then Bill White finally Annise Parker. As it has been in the past, it will be an uphill climb to unseat the incumbent Mayor Sylvester Turner. What makes this East Texas native think he can pull off something that hasn’t happened in 20 years. So what motivates him. Is it power or his frustration with the current administration, the Houston traffic, or his constant desire to “just win.” Tony Buzbee has practiced law in Texas for over twenty years, and his opulent lifestyle well documented. He is a River Oaks resident and very successful plaintiff lawyer. He currently runs the Buzbee Law Firm. Buzbee garnered most of his wealth representing Plaintiffs against BP. His self-funding massive ad campaign is everpresent on news programming while also hosting a regular meet and greet throughout the city. Intown caught up with him recently at a breakfast meeting for Hispanic preachers held at Harry’s in midtown. It was a light turnout, and his prowess in working the room despite his first try at a campaign for any office was evident. As he sauntered into the room nearly an hour after the start time, he greeted folks throughout the restaurant taking time to speak with and listen to sev-
July + August 2019
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eral patrons. Buzbee addressed the room of mostly Hispanics through an interpreter and appeared in no hurry despite the relatively small crowd. Tony Buzbee was born and raised in Atlanta, Texas, a town with a population of 2,000 in East Texas. His mother was a bus driver and worked in the school cafeteria; his father was a union meat-cutter. According to Buzbee, his parents did not have much money, but they were abundant in the things that matter. He has three siblings: Laura, Tim, and Jennifer. His older sister, Laura, still lives in Atlanta, along with his parents, where she owns a children’s boutique. His younger brother, Tim, lives in Australia where he is a professional musician with the Melbourne Symphony Orchestra. His younger sister, Jennifer, lives in Houston and runs Tony’s life - literally. Growing up, Tony worked multiple jobs to help out at home. He remembers overhearing his parents’ quiet discussions at night over which bills they could afford to pay that month. Those
stuck in his head and made him more determined to succeed. Buzbee later attended Texas A&M University on an ROTC scholarship. While there, he served as a Battalion Commander in the Corps of Cadets. After earning a degree in psychology, he entered the U.S Marines where he served as an infantry officer in the Persian Gulf and Somalia before advancing to reconnaissance officer. Buzbee attained the rank of captain and awarded the prestigious Navy Commendation Medal. “The Corps of Cadets was perfect for a young person like me,” said Buzbee. “It provided structure, friendship, leadership, and guidance. In the Corps, you learn you can compete against others from all over the state and excel. That builds confidence.” After his service to his country, Buzbee attended the University of Houston Law School, graduating second in his class. In 1999 he founded the Buzbee Law Firm in 1999, and while practicing in Galveston in a restored warehouse near the docks, it became the scene of his
New Listing!
most significant battles, wherein 2005 an explosion at a Texas City refinery owned by BP killed 15 people, injured 170 and spawned thousands of damage claims. Buzbee sued BP on behalf of 179 clients, and in all, the company paid out $2.1 billion on claims from that explosion. He put his take from the litigation at close to $100 million. Buzbee and his wife, Zoe, who graduated from Texas A&M in 1991 met in an English class. They had four children and divorced in 2017. In September 2008, Hurricane Ike made landfall on the east end of Galveston Island and Buzbee’s offices were heavily damaged. He relocated most of his staff to downtown Houston on the 73rd floor of JPMorgan Chase Tower, where his business resides today. He lists 13 other attorneys on his website. He also worked on the defense of Texas Governor Rick Perry on two felony abuse of power charges. He was a long time Perry supporter and served as a debate coach in Perry’s unsuccessful presidential bid.
Reduced!
Celebrate Summer & America’s Independence!
BUNKER HILL VILLAGE | 12014 Tall Oaks Street
MEMORIAL FOREST | 12103 Beauregard Drive
Extensively remodeled (2016-2018) with master and 2 additional Custom home with open floor plan, game room, island bedrooms down, open floor plan, game room and additional flex room up. kitchen, beamed master, mud room and butler’s pantry.
6 BEDROOMS | 4.5+ BATHS Offered at $3,450,000 MLS 68671767 Quarters!
5 BEDROOMS | 4.5 BATHS Offered at $2,000,000 MLS 95186654 Reduced!
Karen Harberg REALTOR-ASSOCIATE® Circle of Excellence, Hall of Fame
281.546.9444 karen.harberg@sothebyshomes.com karenharberg.com
HUNTERS CREEK VILLAGE | 638 Voss Road
TANGLEWOOD AREA | 5814 Tanglewood Park Street
Gated, circular drive opens to this private oasis with 4-car garage and quarters with kitchen and bath.
Extensively remodeled (2016-2019) home in gated community with open kitchen, master with sitting area and elevator to all 3 floors.
4-5 BEDROOMS | 3.5+ BATHS Offered at $1,650,000 MLS 42294904
3 BEDROOMS | 3.5 BATHS Offered at $1,175,000 MLS 38749871
26 | Mv | July + August 2019
Q: Can you tell us about your first job after graduating from law school? I was the only University of Houston graduate who was hired by the nationally known, Susman Godfrey, LLP out of Houston. It was an honor to get that job. Q: What do you remember most about your childhood? Working; whether it was feeding the animals we had on our small farm, or working our garden, when I wasn’t in school my dad had me working. Q: During the BP trials where you represented plaintiffs and were ultimately awarded millions of dollars for you and your clients. You were quoted during that time as “hating BP.” Do you feel that way today? That was a long time ago. BP was a serial offender of all sorts of laws, including the criminal law. Remember, they were convicted criminally even before the large oil spill. I tried more cases and had more clients suing BP than any other lawyer in history. They hurt a lot of people. Q: Do you remember the day and the reason you decided to run for mayor? It was a slow transformation. People have asked me for years to run for mayor because I would always opine on how we could do things differently, and better. I finally decided to run for mayor about two years into Turner’s administration when I realized he had done nothing for this city, and likely would not do so. Q: What changes would you make from how the current administration is running the city? I will actually lead. I won’t just talk, go to events, and travel. We have a lot of work to do. If you give money to a candidate, you won’t do business with the city or work for the city, period. I will turn out all lobbyists at city hall. I will put more police on the streets, and at the times and in the areas where crime occurs. The best way to fight crime is to prevent it in the first place. I will actually repair the streets and make them drivable, even if that means I have to pri-
Q & A
vatize street maintenance. We will quit nibbling around the edges of drainage and flood prevention, and actually do something about it. I intend to immediately give the firefighters the raise the voters voted for. I intend to cut millions from the budget, eliminate unnecessary positions, and completely change the way we collect waste. I am going to tackle homelessness head on. I intend to make a dent in the stray animal population, and ramp up laws regarding animal cruelty. I am not going to tolerate sexual and human trafficking. Finally, I intend to cancel several contracts that I know are a complete waste of taxpayer monies, and are only in place due to campaign donor influence. Q: You have interests in a number of retail, commercial buildings, and hotels. Won’t these holdings provide an opportunity for conflicts of interest? I have divested myself of all of my commercial real estate holdings. Q: One of the big problems with Houston is our mobility and mass transit. What are your thoughts on improving the gridlock and mass transit? First, we will properly synchronize the lights. You would be surprised how much of a difference the would make if done correctly. I am going to work with TXDOT to make sure they are properly scheduling projects, and not blocking lanes when no work is being done!! And, I am going to incentivize people to use mass transit; we’ve already spent the money on it, we may as well actually use it. Stand by on that. Finally, the biggest thing we could do is make Houston proper a place where people want to live, which would alleviate a lot of the freeway traffic. Q: As a very successful lawyer, what advice would you offer kids graduating to the workforce today? Here is the secret to success: WORK HARD. July + August 2019
| Mv |27
Financial Focus
HURRICANES H
by Walter Christopherson, Chairman of the Investment Committee Linscomb & Williams 28 | Mv | July + August 2019
aving our headquarters on the gulf coast of southeast Texas, most of us at Linscomb & Williams are familiar with how it feels to live in an area that is threatened with hurricanes. ln any 50mile stretch of the Texas coastline, the odds of enduring a hurricane are once in every 6 years. Some in our L&W family are familiar in a completely personal way with these risks, having been flooded out of their homes, as a result of Hurricane Harvey. This includes our Chief Investment Officer, Ryan L. Patterson, CFA, CFP® who only a few months ago happily moved his family back into a restored residence. Despite our personal memory of experiencing these risks, none of our L&W family has decided to sell their home and move away from Houston. We got into some discussion about this during a recent staff luncheon and attempted to answer the question: Why? Why stay in Houston despite knowing that it is not a question of “if ” but “when” the next significant hurricane will impact our area?
“If you want to see the sunshine, you have to weather the storm.”
– Author Frank Lane
(Photo: World Meteorological Organization)
stocks should outpace inflation and provide higher returns. You plan for the risks of a hurricane by doing sensible things: like building your home on a solid foundation above the flood plain, owning a back-up generator, and stocking up with emergency food and water supplies. Smart stock market investors make sure they own the stocks of high-quality companies that will bounce back when the storm passes. They generally have enough diversification in their asset allocation to ensure that everything they own is not down in price at the same time. They keep enough emergency cash on hand to ensure they are not forced to sell their stocks at the wrong time. In our 48 years of helping clients, we’ve observed that bear markets seem most fearful to newly-retired investors who are unaccustomed in their new chapter of life (no regular paycheck) to living through a decline in portfolio value. For the same reason, we in Houston are more fearful about earthquakes -- compared to hurricanes -- if we move to Los Angeles, the
(And Bear Markets) A few common answers came out of that luncheon conversation: • “The risk is worth the award. 99% of the time you have a nice house in a nice location close to some of the greatest people in the country.” • “If you were born here, you are just used to it.” • “I could live somewhere else and face earthquakes or wild fires. Hurricane threats are a small price to pay to live in a place like Houston with a great economy.” Ryan pointed out in that discussion that perhaps this line of reasoning is instructive in framing how we should think about the possible impact of bear markets on our portfolios. After all, a bear market decline in the stock market could be considered the financial equivalent of a hurricane.
Since 1900, there have been 32 bear markets, or one every 3.5 years, a much more likely occurrence than living through a hurricane in Houston. Since 1980, it is a bit less frequent, but the point is: It is not a question of “if ”, but rather “when”. A bear market in stocks (a decline of 20% or more) may well do some damage to your portfolio in the short term (they last 15 months on average), but history shows you that with time, you will recover. Bear markets are part and parcel of the risk of being an investor in the stock market. And the rewards in the long-term from being invested in quality stocks are well worth planning for this risk. Compared to the returns likely from more conservative investments (bonds, cash), your long-term returns on
new retiree fears the bear market because he or she has not lived through one to experience the recovery on the other side. To sleep well at night in the midst of such a time requires a well-founded financial plan that has considered all contingencies and has been rigorously “stress-tested” to ensure it is likely to survive these inevitable storms.
G. Walter Christopherson, JD, CFP®, is Chairman of the Investment Committee at Linscomb & Williams, a registered investment advisory firm serving clients since 1971 and headquartered in Houston. Walter may be reached at wchristopherson@linscomb-williams.com or by calling 713-840-1000. July + August 2019
| Mv |29
PHOTO: Courtesy of University of Houston
Houston, after Hurricane Harvey
Hall
of
Fame 2019
Houston Sports Authority Ring Ceremony The Harris County - Houston Sports Authority, in partnership with Midway and Lionstone, created the Houston Sports Hall of Fame and announced the inaugural class at the first annual Houston Sports Awards in February 2018. The Class of 2019 joins the inaugural Hall of Fame class – Earl Campbell, Hakeem Olajuwon and Nolan Ryan – who received their rings and unveiled their plaques in a similar celebration last June. “We are thrilled to be launching phase two of the Houston Sports Hall of Fame,’’ said Harris County - Houston Sports Authority CEO, Janis Burke. “The interactive kiosk gives fans the opportunity to learn more about all of our inductees, and the inclusion of the Greater Houston Football Coaches Association’s Hall of Honor showcases the legendary high school coaches in our area.” “The Harris County - Houston Sports Authority has created an internationally acclaimed sports culture that not only spurs
local economic prosperity, but also makes every Houstonian proud of our community and our athletes,” said Julie Sudduth, PNC Bank regional president for Houston. “PNC is proud to be supporting this year’s Houston Sports Hall of Fame and honoring several legendary Houston athletes.” 2019 Hall of Fame Class Jack Burke, Jr. The Hall of Fame golfer and co-founder of Champions Golf Club, which he built with Jimmy Demaret, grew up at River Oaks CC where his father Jack Burke, Sr., was the head professional and graduated from St. Thomas High School. Buke won his first professional tournament in 1949 – the Metropolitan Open – and went on to win 17 PGA TOUR events, including both the Masters and the PGA in 1956. He played on five Ryder Cups, captained two Ryder Cup teams, was an assistant captain once and host the 1967 Ryder Cup at Champions. George Foreman. Affectionately known as “Big George”, Foreman grew up in Houston’s Fifth Ward and went on to become a two-time World Heavyweight Champion and Olympic gold medalist. After a tough childhood, Foreman took up amateur boxing and won the gold medal in the heavyweight division at the 1968 Olympics. He knocked out then-undefeated Joe Frazier in the second round in 1973 to win the world title but lost it to Muhammad Ali in the 1974 Rumble in the Jungle and retired in 1977. A decade later, he came out of retirement and in 1994 the 45-year-old Foreman knocked out Michael Moorer to share the heavyweight championship.
A.J. Foyt. The son of a mechanic, the Houston native is the only driver to win the Indianapolis 500, the Daytona 500, the 24 Hours of Daytona and the 24 Hours of Le Mans. The American racing legend drove in the Indy 500 for 35 consecutive years and won it four times. He is the only driver to win it with both front and rear-engine cars. He holds the USAC career wins record with 159 and the American championship racing career title with 67. He survived three major crashes and barely escaped a fourth. Dan Pastorini. Drafted by the Houston Oilers in the first round in 1971, Pastorini eventually became the soul of the Luv Ya Blue Oilers of the late 1970s. The third player taken in that draft, the tough, flamboyant quarterback thrived under Oilers coach Bum Phillips and led the Oilers to back-to-back AFC title games in 1978 and 1979. Pastorini’s best season was in 1978 when he threw for a career-high 2,473 yards and 16 touchdowns. A Pro Bowler in 1975,Pastorini also played for the Los Angeles Rams and Philadelphia before retiring after the 1983 season. He was the first player to wear a “flak” jacket during games to protect his broken ribs.
14331 Belle River Lane/Lakes of Parkway $1,725,000 MLS# 33095230
11414 St Germain Way/Royal Oaks CC $1,649,000 MLS# 2885218
11406 Chartreuse Court/Royal Oaks CC $1,495,000 MLS# 55197677
2619 Newman St/Upper Kirby $909,000 MLS# 63293249
4019 Driscoll St/Montrose $848,888 MLS#41726749
1025 S Shepherd #307/River Oaks $750,000 MLS# 26909284
63293249
11514 Royal Ivory Crossing/Royal Oaks $750,000 MLS# 92310748
1406 W Brooklake Dr/Lakeside Place $699,900 MLS#80241278
1302 Tracewood Cove/Parkway Villages $670,000 MLS# 25014065
803 Walkwood Cir/Memorial Thicket $518,900 MLS#91373941
1917 Rosewood St/Museum District $550,000 MLS#28998343
806 A Woodcrest Dr/Lowell Heights $375,000 MLS# 630444595
Proven Performance – Year After Year
Over 16 years experience working with buyers and sellers of residential real estate in the Greater Houston Area.
David Michael Young
713-320-6453 davidmy@johndaugherty.com www.youngrealtyhouston.com
IN THE MEMORIAL VILLAGES WITH JOHN DAUGHERTY, REALTORS W FRIAR TUCK LANE • $13.9+ Mil
COUNTRY LANE • $6.4+ Mil
PINE TREE LANE • $4.3+ Mil
RIVER GLYNN DRIVE • $2.7+ Mil
CRESCENT GATE LANE • $2.7 Mil
TIMBER TERRACE ROAD • $1.2+ Mil
WINDERMERE LANE • $1.9+ Mil
Established 1967
johndaugherty.com
POST OAK: 713.626.3930
THE WOODLANDS 281.771.3980