Developers have a long list of priorities when launching new building projects. At the very top of that list is likely location and recognizing a need in a market for the project, which can better ensure the property is a lucrative investment of effort, time and...
When does the seller make concessions in selling commercial property?
Real estate buyers may ask for certain concessions to make the deal more appealing, or the seller may offer them to sweeten the deal. This can involve lowering the price or adding other benefits the buyer wants. Conversely, the seller may not want to provide the...
Commercial property will continue to rebound in 2022
Many assume that the commercial real estate market is dipping amid work from home orders and the challenges of hiring and maintaining staff or closing altogether. However, 2021 was a strong year for commercial property and 2022 looks to build on that success. Reasons...
Force majeure: an old concept for present-day issues
The pandemic has impacted businesses in many ways. There are supply chain issues that can prevent regular operation. There are challenges in finding new hires to replace departing staff. There are economic downturns and inflation. These are all common reasons for not...
How adverse possession works
Adverse possession is a legal term describing how someone can gain a legal title over property owned by someone else. Theoretically speaking, a person can trespass on a piece of land and like it so much that they decide to stay. Once they stay, they start to clean it...
Texas overhauls mechanic’s liens
Subcontractors, suppliers and design professionals build or improve interior or exterior spaces for commercial use. These are complex jobs that involve business agreements, schedules, and hard work, so the businesses involved deserve to get paid for their effort. Even...
Does it make sense to convert your apartment building into condos?
There are many benefits to owning a rental property, but perhaps it is time to sell. The first thought may be to sell the building as-is to another landlord. On the other hand, owner-seller may turn a more significant profit on their investment by converting the...
Due diligence is necessary when purchasing a rental property
Many find it desirable to add a rental property to their asset portfolio. It provides revenue not tied to the peaks and valleys of the stock market. Not only can it passively generate rental income and cash flow, but it ideally will also appreciate. There may be...
6 things to consider when buying a commercial building
Whether you’re considering buying a commercial property to serve as your business premises or you are an experienced real estate purchaser, you should perform due diligence before purchasing a building. Due diligence essentially means learning all the things you would...
What belongs in a commercial real estate purchase agreement?
You want to either sell or buy commercial real estate in the Metroplex. Before you strike a deal with the other party, do you know what to include or look for in the contract? It's important to understand the essentials of protecting yourself and your investment with...