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September 2017 Archives

NAR expecting growth in commercial sectors

The commercial real estate market is set to see a reduction in vacancies, according to forecasts released by the National Association of Realtors. Furthermore, economic growth in Texas and across the U.S. has lead to a continued wave of optimism in commercial markets. A 1.1 percent decline in commercial vacancy rates has been matched in the industrial sector, where vacancies are expected to decline to 7.8 percent.

How to handle issues related to due diligence

Prospective buyers of Texas commercial real estate generally want time to do due diligence. This may include looking at any leases, liabilities or zoning information about the property. Buyers may also need time to secure financing because sellers may not allow contingencies based on financing in an offer. It is possible that a buyer may begin the process of gathering information about a property before making an offer.

Agency claims football coach owes money from unfinished contracts

Sports fans in Texas might not realize that college football coach Rich Rodriguez is embroiled in a contract dispute. Creative Artists Agency has filed a lawsuit claiming breach of contract after Rodriguez ended his relationship with the agency in 2015. The agency negotiated his contracts with the television network and the university where he works as head football coach.

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