November 2019
Wednesday, November 6, 2019 & Thursday, November 7, 2019
Buying and Selling Commercial Real Estate: A Practical Guide, Part 1 & Part 2
Topics to be covered:
Part 1
- Planning the process – letters of intent, negotiations, closing process
- Due diligence depending on the type of deal – title, environmental, finance issue
- Understanding the minefield of seller’s reps and warranties
- Buyer and seller’s covenants in a volatile market
- Deposits of money
Part 2
- Issues for income producing properties, multiple family properties, and distressed properties
- Finance issues in operative agreements, including finance contingencies, and working with commercial lenders
- Conditions to closing and reducing the risk of not closing
- Post-closing issues, baskets, escrow and contingencies
- Bankruptcy issues in operative agreements
Faculty: John Hollyfield, Norton Rose Fulbright LLP, Houston, TX