by Brian Fisher It is not uncommon for ownership of the oil, gas and mineral (together, the “Minerals”) interests located on, in and under a tract of land (known as the mineral estate) to be held by an owner (or several owners) who are different from the owner of the surface rights (known as the …
by Ron Holmes (A Dec 2016 update to this topic can be found here.) One of the most under-discussed major changes in the real estate development industry in recent years are the new Basel III Regulations (the “Regulations”) affecting construction and real estate lending. If you are not familiar with these Regulations, READ ON. Beginning …
by Ron Holmes AIA CONSTRUCTION DOCUMENTS — THEY ARE JUST FORMS Many developers and contractors believe the AIA Construction Documents are the industry standard and require no review by attorneys. Think again. The AIA Construction Documents are crafted by The American Institute of Architects, not developers or contractors, and (no offense to architects) they favor …
by Ron Holmes It has been a busy summer and fall in the real estate arena. We often see a decline in real estate transactions during the summer, but not this year. A sample of transactions on which we have assisted our clients recently are: Closed the acquisition of raw land at Victory Park, completed …
by D. Blake Wilson Texas Open Carry Gun Law Going Into Effect Soon: Time to Revise those Building Rules and Regulations Soon Texas citizens with proper licensing will be able to carry their handguns openly in public. Effective January 1, 2016, House Bill 910 authorizes individuals with a license to openly carry a handgun in …
In 1789, Benjamin Franklin famously wrote, “In this world nothing can be said to be certain, except death and taxes.” If that remains true, it would be wise to plan for both. Everyone should plan ahead Contrary to popular belief, you don’t have to be wealthy to have an estate or to benefit from estate …
In our last newsletter, we announced that Ron Holmes was the Chairman of the 14th Annual Pathways Get Real Golf Challenge. The charity golf event was held on Monday, June 22, 2015 at Las Colinas Country Club. Almost $60,000.00 was raised for Pathways Core Training Inc, a 501(c)(3) non-profit. Pathways provides training to help people …
by Ron Holmes In the last few months, Holmes Firm PC has been privileged to represent clients in several substantial real estate transactions, including: Represented the Seller in a portfolio sale of 22 self-storage properties located in Texas and Arizona to a REIT. Representing the Developer in the development, construction and ownership of a 29 story …
by Ron Holmes Almost everyone is familiar with C Corporations, S Corporations, Limited Liability Companies, Limited Partnerships and Partnerships. In the real estate arena (in which I am heavily involved), real estate assets are typically held in either a Limited Liability Company (“LLC”) or a Limited Partnership (“LP”). We still recommend that income producing assets …
Commitments to others are serious business at the Holmes Firm. Ron Holmes, our founder and CEO, also serves on the Board of Directors of Pathways Core Training, Inc., a 501(c)3 organization (and is the Chairman of the 14th Annual Pathways Get Real Golf Challenge. Learn more about this exciting upcoming event here!) The Pathways non-profit …