Research Scholar Program
ICSC Research Scholar for Economic Development (Emeritus)
Mr. Wallace serves as Chief Executive Officer and Secretary of General Partner and Chairman of the Investment Committee for Wallace Bajjali Development Partners, L.P. Mr. Wallace has a background in the acquisition and/or formation of over 100 companies and/or partnerships, and has secured hundreds of millions of dollars in equity and debt. As a result of the numerous portfolio holdings, he has served on the boards for several private and public companies. Mr. Wallace served as a partner and Chief Executive Officer of Wallace & Associates Investment, Inc., formerly The Markpoint Company, a venture capital and merchant banking operation and also, the Grantham Company, a private investment-banking firm.
Prior to becoming a member of the Wallace Bajjali Development Partners management team, Mr. Wallace served as the Chief Financial Officer for Asset Plus and Asset Campus Housing. In such capacity, he was actively involved in the transactional structuring, investment banking and capital market activities.
Early in his career, Mr. Wallace served as the Vice President of Equity Management Corporation, a private real estate syndication firm. In this capacity, Mr. Wallace was responsible for the acquisition and/or sale of over $250 million of income producing properties. In connection with such real estate activities, he was a charter member of the North Texas Association of Real Estate Professionals, a former member of the Real Estate Securities and Syndication Institute (RESSI) and a former member of the American Association of Financial Planners.
Mr. Wallace considers charitable works of great importance, as reflected by his extensive efforts in both the Dallas and Houston communities. Mr. Wallace served three terms as Mayor of the City of Sugar Land, Texas, where he previously served on city council representing the Single Member District Number 4. In such capacity, Mr. Wallace played a leadership role at the United States Conference of Mayors where he served on the Executive Committee and as Co-Chairman of the National Homeland Security Task Force and the Urban Water Council. Mr. Wallace was appointed by Department of Homeland Security Secretary Chertoff to the U. S. Department of Homeland Security Advisory Council-State and Local Officials Senior Advisory Committee and by Texas Governor Rick Perry to the Board of Directors and served as Vice President of the TexasOne Economic Development Corporation. Mr. Wallace serves on the Advisory Board of the National Center for Missing and Exploited Children and was most recently appointed as Research Scholar for Economic Development of the International Council of Shopping Centers.
Mr. Wallace received his Bachelor of Business Administration in Real Estate Finance from the University of North Texas. In addition to this schooling, Mr. Wallace attended Union College in Schenectady, New York and received a scholarship to study International Real Estate, International Finance and International Law at the University of Reading located in Reading, England.
“Changing the Economics of Retail Development with Public-Sector Capital” ICSC Research Review, Vol. 16, No.2, 2009
“Getting Ahead of the Green Mandate” Invited speaker, ICSC ReTel Conference Call Series, November 2009
“PPP – The Often Overlooked Solution” Workshop presentation, More than Meets the Eye: Bringing Investment into Previously Overlooked Markets, National League of Cities Congress of Cities and Exposition, San Antonio, Texas, November 2009
“Working Together to Create Economic Vitality” Panel speaker, ICSC Atlanta Alliance Program, Atlanta, Georgia, November 2009
“Show Me the Money: Bridging the Gap in Public Private Partnerships.” ICSC Alliance Program speaker, ICSC Texas Conference and Deal Making, San Antonio, Texas, November 2009
“Public-Private Deals in a Credit Crunch World” Panel presentation, ICSC RECon Conventions, Las Vegas, Nevada, May 2009
“Economic Development Tools and Capital Available for Retail Development” Invited presentation, ICSC North Texas Alliance Program, Addison, Texas, March 2009
Invited speaker on behalf of ICSC, First Tier Suburbs Council Session, National League of Cities Congress of Cities and Exposition, Orlando, Florida, November 2008
“City of Sugar Land, Texas—A Storied Past with a Vision for the Future…” Panel presentation at ICSC RECon Convention, Las Vegas, Nevada, May 2008
“Development Issues in Town Centers and Mixed-Use Projects” Panel presentation at ICSC REvent Conference, Scottsdale, Arizona, February 2008
“The Art and Science of the Perfect Retail Development” Panel speaker at the ICSC Texas Conference, San Antonio, Texas, October 2007
“Navigating City Hall.” panel presentation at the ICSC Texas Conference, San Antonio, Texas, October 2004
Safeguarding Homeland Security: Governors and Mayors Speak Out, 2009 (Springer Publishing) Chapter for book by Dr. Simon Hakim, Temple University “Local Government Contingency Planning for Public Security and Public Safety—Innovative and Remedial Efforts,” 2008
2. “Forget the “Inside the Beltway” Political Discussion – How About the “Inside the Room” Political Discussion?” Invited Speaker, National Advisors Trust Company Conference, Naples, Florida, May 2010
3. “One Nation Under Blog…Forget the Facts, Believe What I Say” Invited speaker, Fort Bend Shrine Club, May 2010
4. “The Power of Prayer” Invited speaker, St. Laurence Catholic Church, Sugar Land, Texas, April 2010
5. “PPP – The Often Overlooked Solution: Mastering the Public/Private Partnership” Invited presentation, Texas Municipal League Retail Summit, Round Rock, Texas, December 2009
6. “One Nation Under Blog…Forget the Facts, Believe What I Say” Invited speaker, Richmond Rotary Club, Richmond, Texas, December 2009
7. “PPP – The Often Overlooked Solution” Panel presentation, Urban Land Institute North Texas – Emerging Trends in Real Estate 2010, Irving, Texas, November 2009
8. “Business 2.0 – Social Media, Social Networking” Invited speaker, Fort Bend Chamber of Commerce, Sugar Land, Texas, October 2009
9. “Public-Private Deals in a Credit Crunch World” Invited presentation, Rice University training program for Libyan engineers with AECOM, Houston, Texas, July 2009
10. “Livable Centers as a Business Strategy” Invited presentation, H-GAC Conference Livable Centers Forum: Smart, Sustainable Solutions for Regional Growth and Mobility, Houston, Texas, July 2009
11. “A Community’s Response in a Time of Need” Keynote speaker, Keep Texas Beautiful Conference, Houston, Texas, June 2009
12. “Social Media, Social Networking” Invited speaker, Rotary District 5890 Assembly, Houston, Texas, April 2009
13. “Welcome to the World of Turnarounds – the 12 Steps to Success” Invited presentation, Accretive Solutions CPE Seminar: Business Turnaround, Houston, Texas, March 2009
14. “A Path to National Financial Security” Invited presentation, 2nd Annual National Public Private Partnerships Symposium, Huntington Beach, California, March 2008
15. “Sugar Land… A City With ‘Your’ Vision” Fort Bend Lifestyles and Homes, March 2008
16. “Why would EPA Derail Clean Air Progress of Texas Cities?” Fort Bend Lifestyles and Homes, December 2007
17. Water Tour 2007, Paris, France, December 2007
18. “Uniting as a Nation” Fort Bend Lifestyles and Homes, July 2007
19. “Eyes on the Future” Panelist, 2007 Greater Rochester Region Economic Summit, Hosted by the Small Business Council of Rochester and the Greater Rochester Enterprise, Rochester, New York, June 2007
20. “Homeland Security Task Force” Keynote speaker, 75th Annual Conference of Mayors, Los Angeles, California, June 2007
21. “Rudy Giuliani Visits Sugar Land” Fort Bend Lifestyles and Homes, June 2007
22. “How Safe is a Chat Room?” Fort Bend Lifestyles and Homes, April 2007
23. “Where do Water and Money Meet?” Invited presentation, Global Water Intelligence Conference, Barcelona, Spain, April 2007
24. “Energy Independence is Key to Addressing Energy Challenges” Fort Bend Lifestyles and Homes, February 2007
25. “Sugar Land’s Internet Safety Program” Invited presentation, Department of Justice Summit, Washington, D.C., December 2006
26. “Congress Working to Keep Economy Strong, Address High Cost of Living” Fort Bend Lifestyles and Homes, November 2006
27. “The Best is Yet to Come!” Keynote speaker, Fort Bend Chamber of Commerce—Governmental Relations, Sugar Land, Texas, November 2006
28. “The Power of Prayer and its Impact on a Community” Invited speaker, Rice University Catholic Student Association, Houston, Texas, November 2006
29. “Suburban Agenda Making Its Way Through Congress” Fort Bend Lifestyles and Homes, October 2006
30. “Smoke-Free Sugar Land—A Comprehensive Smoking Ban” Keynote presentation to the City of Sugar Land, Sugar Land, Texas, October 2006
31. “Drug and Alcohol Recovery Month” Fort Bend Lifestyles and Homes, September 2006
32. “CONOPS Update for the 2006 Hurricane Season” Keynote presentation, Federal Emergency Management Agency, Washington, D.C., September 2006
33. “Israeli Position Paper” Op-Ed piece, July 2006
34. “Are America’s Cities Ready for the Next Disaster?” Panelist, Homeland Security and Emergency Preparedness Forum, Held by the United States Conference of Mayors, National Press Club, Washington, D.C., July 2006
35. “The Water Infrastructure Challenge” United States Conference of Mayors Urban Water Council, May 2006
36. “YOUTH—A Priority in Sugar Land” Fort Bend Lifestyles and Homes, February 2006
37. “Water Infrastructure Investment at Critical Crossroads” Luncheon keynote speaker, Annual National Water Resources Symposium, La Jolla, California, February 2006
38. “What Candidates Must Do To Win Elections” Fort Bend Lifestyles and Homes, January 2006
39. “Building a Bridge Over Troubled Water—Water in the Middle East” Panelist, Peace-Dream or Vision Conference, Tel Aviv, Israel, November 2005
40. “Tragedy Hits Close to Home” Fort Bend Lifestyles and Homes, October 2005
41. “Written Testimony before the Committee on Homeland Security United States House of Representatives” October 2005
42. “Oral Testimony before the Committee on Homeland Security United States House of Representatives” October 2005
43. “National Strategy Rollout” Keynote presentation, U.S. Conference of Mayors Leadership Summit—Disaster Response and Homeland Security Meeting, Washington, D.C., October 2005
44. “Economic Development—The Total Community Package” Fort Bend Lifestyles and Homes, September 2005
45. “Opportunities for Private Sector Investing in the Water Infrastructure Markets” Speaker, 2005 Global Water Conference, New York, New York, September 2005
46. “Guidelines for Contract Development” Panelist, The National Council of Public Private Partnerships, Augusta, Georgia, September 2005
47. “Challenge of Economic Tides” Panel presentation, Leading Through Shifting Economic Scenarios panel, Black &Veatch 2005 Utility Executive Leadership Institute, Half Moon Bay, California, August 2005
48. “Regional Logistics Center—A One-Year Update of Activity” Fort Bend Lifestyles and Homes, July 2005
49. “A Best Practice Approach to Homeland Security” Keynote presentation, U.S. Conference of Mayors, Regional Logistics Center, Chicago, Illinois, June 2005
50. “Striving for ‘Leak-Free’ Management” Panel discussion, World City Forum—International Rendezvous for Political Leaders and Economic Players of the City, Paris, France, June 2005
51. “To Cap…Or Not To Cap. That is the Question” Fort Bend Lifestyles, June 2005
52. “EDC…What A Great Three-Letter Word” Fort Bend Lifestyles and Homes, May 2005
53. “Legislative Update” Fort Bend Lifestyles and Homes, March 2005
54. “The City of Sugar Land—No Longer an Edge City but a City on the Leading Edge” Keynote presentation, Urban Land Institute Luncheon, Houston, Texas, March 2005
55. “Water, A Precious Resource” Fort Bend Lifestyles and Homes, February 2005
56. “Water 2015 Conference Briefing” Invited presentation, General Electric Senior Board and Leadership, Washington, D.C., December 2004
57. “Sugar Land …Home…Safe and Sound” Fort Bend Lifestyles and Homes, October 2004
58. “Water Infrastructure—Investment at a Critical Crossroad” Keynote presentation, National Association of Water Companies, Palm Springs, California, October 2004
59. “Local Government Tax and Spending” Invited presentation, Texas Taxpayers and Research Association—Annual membership meeting, Austin, Texas, October 2004
60. “The Houston-Galveston Regional Summit on Homeland Security” Keynote address, Houston-Galveston Area Council membership meeting, Sugar Land, Texas, October 2004
61. “Reducing Drug and Alcohol Abuse…Have dinner with your kids?” Fort Bend Lifestyles and Homes, September 2004
62. “Benefits of Public-Private Partnerships” Panel presentation, H2O Water and Energy Forum, Black & Veatch 2004 Utility Executive Leadership Institute, Kiawah Island, South Carolina, September 2004
63. “Public-Private Partnerships as a Valuable Tool” Workshop presentation, National Council for Public-Private Partnerships—Partnerships for Water Infrastructure Workshop, Austin, Texas, August 2004
64. “Life Is Grand…In Sugar Land” Fort Bend Lifestyles and Homes, August 2004
65. “Homeland Security—What’s happened since 9-11 A Regional and Efficient Response” Op Ed piece August 2004
66. “Tapping the ‘3 T’s’ In Our Community” Fort Bend Lifestyles and Homes, July 2004
67. “US 90A Corridor” Fort Bend Lifestyles and Homes, June 2004
68. “Overview of Water/Wastewater Public-Private Partnership Project Financing” Keynote presentation, 3rd Annual National Water Resources Symposium, Lehman Brothers clients and guests, New York, New York, June 2004
69. “Fort Bend’s Spotlight on Diversity” Fort Bend Lifestyles and Homes, May 2004
70. “Presidential Politics and Our National Economy” Fort Bend Lifestyles and Homes, April 2004
71. “Homeland Security—A Regional and Efficient Response” Fort Bend Lifestyles and Homes, March 2004
72. “Certified Capital Company Briefing” Keynote presentation, Texas Safekeeping Trust Company, Austin, Texas, 2004
73. “Two Years Later—Sugar Land’s Response to 9-11” Fort Bend Lifestyles and Homes, September 2003
Additionally, in his leadership capacity on numerous boards, appointed committees and as an elected official, Mayor Wallace has made hundreds of presentations and speeches throughout the world on economic, geo-political and international policy issues.
