We are pleased to announce that Ron Holmes recently represented the Developer in the closing of the construction loan for a 54-story multi-family tower in the Austin, Texas CBD. Ron attended the ground breaking ceremony in Austin in March, 2022. When completed, this project will be Austin CBD’s tallest single-purpose, for-rent multi-housing high-rise. It’s slated …
by Scott A. Meyer – The American Families Plan currently being considered by Congress has a dangerous new component that would require banks to significantly expand what they have to report to the IRS, including account balances and all transfers in and out of accounts. The purpose behind the proposed change is to provide more …
By Ron Holmes – For reasons I cannot explain, our real estate practice is on fire. During and for some time after the Pandemic, we continued to see steady activity in what I call “meat and potato” transactions (sales, acquisitions, and development in the under $30 million category) and, of course, strong activity in Lease/Financing …
The 2021 Texas Legislature made significant changes to Chapter 53 of the Texas Property Code (the “Texas Mechanic’s Lien Statute”) which governs mechanics’ and materialmen’s liens. Effective January 1, 2022, House Bill 2237 amends the Texas Mechanic’s Lien Statute in several significant aspects. Architect, Engineer and Surveyor Lien Rights Expanded HB 2237 expands the group …
by Ron Holmes The Fourth Quarter of 2020 was, shall we say, interesting. Our bigger transactions were on COVID-19 pause, while our meat and potato transactions proceeded as almost normal. Some sectors (e.g. self-storage, industrial and multi-family) remained active while others (e.g. retail) came to a near halt. What will 2021 bring? My crystal ball …
By Brian Fisher If you are the landlord of commercial property, then the odds are good that during the Covid-19 pandemic you have been or will be requested by a tenant to permit some form of rent relief. There are three (3) rent relief scenarios: Rent is due but the tenant not yet paid same. …
by Ron Holmes – The ten-person group limit on outdoor gatherings applies… maybe Some time ago, Governor Abbott issued Executive Order GA-28 (the “Order”) imposing a ten-person group limit on outdoor gatherings. On August 1, 2020 the Attorney General’s office issued an informal legal opinion that the ten person limitation on outdoor gatherings applies to …
by Ron Holmes There is no doubt, at least from our perspective, the COVID-19 pause is taking its toll on commercial real estate development. The exceptions appear to be single-family lot development and single-family residential construction, both of which continue at a strong pace. I expect the pause to continue until the capital markets rebound …
Game Changer Case Or Will the Texas Supreme Court’s Opinion on Standing in Pike v. TX EMC Mgmt., LLC (Tex. June 19, 2020) Simply Confuse Texas Courts? by J.D. Reed The Supreme Court of Texas recently held that a limited partner had individual standing to sue for its personal and separate alleged loss to the …
by Brian Fisher We have all likely seen the following conveyance language in deeds conveying real property in Texas: “…and all interest, if any, of Grantor in (i) strips or gores, if any, between such real property and abutting properties, (ii) any land lying in or under the bed of any street, alley, road, or …