Sometimes there are forces beyond your control that keep the work under a contract from being completed on time. The parties to the contract might disagree about who or what is at fault. Delay damages, a specific type of liquidated damages, are provisions in a...
Business-Minded Legal Solutions
Commercial Real Estate
The Texas apartment boom shows no sign of slowing
If you regularly drive in and around Houston, you have undoubtedly seen dozens of construction projects. Many of these are apartment buildings and complexes. In fact, nearly 130,000 commercial apartments are currently under construction somewhere in the Lone Star...
Which jobs are on the rise for 2021 and beyond?
LinkedIn’s latest “Jobs on the Rise” report shows a shift in employment opportunities from tech jobs to more personalized service roles due to the effects of the COVID-19 pandemic. According to the business and employment online service, the three areas with the most...
How millionaires are preparing for a repeat of the 2009 real estate market crash
During the early years of the 2000s, the real estate market boomed. There were new office buildings, apartment buildings and houses springing up in every city, and real estate development companies saw huge growth. It seemed to some like the prosperity would never...
What Houston commercial real estate investors can expect from 2021
The global health crisis has emptied out office buildings across the nation. Millions of jobs have moved to remote or hybrid models, and many of these jobs might not return to an office building even after the health crisis is over. This has taken a toll on the owners...
3 tax reduction tips for big real estate investment companies
Although Texas is known for relatively high property tax rates, it offers a number of tax advantages to commercial investors. There are certain actions real estate investment companies may consider to reduce their taxes. Several of these apply throughout the country....
Financing options for commercial property investors
Choosing the right type of financing for a commercial property can dramatically influence the success of a project. Investors should review the various options when it comes to purchasing and developing shopping centers, multi-family apartment complexes, and other...
HP’s company move highlights Houston’s commercial attractiveness
Tech giant Hewlitt Packard Enterprise (an offshoot of parent Hewlitt Packard) recently announced it will switch its company headquarters from San Jose, California, to Houston. Experts project this will cause a ripple effect as other major players in the commercial...
Challenges facing commercial real estate owners in 2021
With the promising news that vaccines will be ready for distribution in late 2020 and early 2021, commercial real estate experts predict luck will begin to change in the second half of 2021 for owners of hotels, retail or office spaces and other commercial properties....
What to avoid in a commercial lease
A commercial lease can help you build and develop your business. As you consider expanding your business, finding a commercial property to support what you do can help you generate growth and demand for the products and services you offer. The wrong commercial lease...