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Elon Musk’s $44 billion bid to buy Twitter shocked many by its scope as well as the billionaire entrepreneur’s plans to take the social media giant private. Musk’s plan will remove Twitter from the New York Stock Exchange if the acquisition is approved. It is a move...
The National Multifamily Housing Council projects the U.S. student housing market will see a sharp increase in demand over the next decade, from 8.5 million beds in 2020 to 9.2 million by 2031. As evidence, the Blackstone investment firm has announced its purchase of...
Owners sell businesses for a multitude of reasons. Some may be approaching retirement age, partners may want to remain partial investors but relinquish some managerial duties, or the company needs a capital infusion to stimulate profits and expansion. The traditional...
A December 2021 report shows that foreign companies operating in Texas expanded the number of jobs by 21% between 2014 and 2019. International companies account for just over 6% of the state’s total employment. The Lone Star State’s positive international business...
Commercial real estate (CRE) is an ever-changing industry where trends quickly come and go. But one constant is that it is historically viewed as a tangible commodity. CRE has always been something you could touch, whether dirt, pavement or bricks-and-mortar. But the...
Representations and warranties insurance (RWI) has become more common in Texas mergers and acquisitions over the past few years. During a negotiation, sellers and buyers make specific representations and warranties about past and existing facts. Both sides rely...
Estoppel certificates are typically requested from tenants by landlords during a commercial real estate transaction. The most common circumstance is during the due diligence phase when a landlord sells or mortgages their property. Lenders, investors and prospective...
Special purpose acquisition companies (SPACs) help companies make the leap from privately held to publicly traded entities with less red tape and faster than an initial public offering (IPO). While a traditional IPO process can take several years, a SPAC can usually...
Last year was a banner year for the commercial real estate (CRE) industry as sales hit a record level. The Wall Street Journal reports many investors gobbled up commercial properties in 2021 to protect themselves against inflation. Texas and the rest of the Sun Belt...
Despite the pandemic’s continuing effect on the Texas economy, many experts believe commercial real estate (CRE) developers are well-positioned for recovery. In Deloitte’s latest survey, 80% of respondents expect CRE revenues in 2022 will be slightly or significantly...