The year 2016 was an eventful one for home building.
Under terms of a rolling option agreement, William Thomas Homes was required to take down finished lots under a predetermined time line. Because it owned a 50% stake in the land development company, it received the lots for half the retail markup.
The legal structures underpinning land-control deals can be confusing. We turned to a residential transaction expert, attorney Mathew A. Wyman, a partner with Cox, Castle & Nicholson LLP in Los Angeles, to sort it out.
One of the biggest impediments to doing a deal for brownfield land revolves around future liabilities and who retains that risk.
Fast-growing, land-constrained regions dominate the ranks of states with the most million-dollar homes.
Five builder-developers demonstrate a few of the many ways cash-free and cash-lean deals get done.
A new crop of brokers aims to fill that niche with services that go beyond simply finding multifamily and mixed-use sites.
The federal government will open bidding on 3,700 acres in Orange County, Calif., this fall, and the real estate community will pay close attention.
The U.S. Fish & Wildlife Service recently declared the Endangered Species Act broken and in need of repair.
The tendency to litigate against builders, developers and trade contractors for even minor repairs has risen to such a level that state legislatures have been taking action.
The difference between a profitable land deal and one that ends up as an expensive mistake is often found in the details of the contract you draft.