by Ron Holmes –
And the beat goes on.
Everyone I talk to, whether in real estate or my eye doctor, is really, really busy. That’s a little hard to fathom given the shutdown, the mandates, the supply chain issues, what is becoming a serious dose of inflation and 10.5 million unfilled employment opportunities.
With all of that, the Dallas real estate headlines trumpet: industrial sector had a robust 2021; office leasing rebounds; apartment market booming; retail occupancy nears historic high; data market records best leasing quarter of all time; and etc., etc., etc. I cannot speak for everyone else, but I do know those of us in the real estate group at this Firm were exceedingly busy the last quarter of 2021 and so far this quarter. Set forth below are some representative transactions we handled for clients during that period of time:
- On behalf of the developer, closed a construction loan and equity contribution in connection with the construction of a 54-story multi-family tower in Austin CBD.
- Sale of a portfolio of 13 self-storage facilities in a DownREIT transaction.
- Sale of a portfolio of 8 self-storage facilities.
- Represented ownership in the formation of a tenancy-in-common with investor and the acquisition financing of an office building in Dallas, Texas containing approximately 257,736 square feet.
- Numerous acquisitions and sales of raw land for development and developed properties in Texas and Arizona.
- Represented the purchase and the acquisition of a Skecher’s retail lease.
- Represented landlord in an extension of a 264,413 square feet industrial lease.
- Represented a rancher in the year-end transfer of various interests in multiple ranches for estate planning purposes.
Although interest rates are rising, it appears, at least to me, that the real estate market in general, and Dallas in particular, is not cooling off and I expect positive real estate activity to stay strong through the end of this calendar year. Why? Migration of businesses and people to Texas, and particularly DFW, will keep demand high.
when it matters ™
About Ron Holmes
His real estate law practice is as broad as it is deep. Mr. Holmes has served as lead counsel on real transactions all across the United States (more than twenty States), representing public and private companies, both domestic and international, in all manner of real estate transactions, including large scale multi-use land developments and high rise residential condominiums, to acquisitions and sales of operating property portfolios, office, industrial and retail leasing and virtually every other form of real estate development, construction, financing, investing and leasing.Learn more about Ron…