Chairman's Letter

Hello friends-

Let’s talk about real estate. As you know, it is one of our firm’s primary areas of focus. For over 35 years, we’ve helped developers, investors, and municipalities in their joint ventures, property management agreements, acquisitions and disposition and financing. Here’s what’s going on across the state and locally:

Aside from commercial projects, real estate in Texas is performing well. There are bright spots in Houston real estate with more movement this year over last. Our real estate team is seeing developers who were in “wait and see” mode last year due to interest rates, close deals in 2025. We attribute this to a relative stabilization of interest rates.

As for commercial/office projects, developers are renovating spaces to compete. We’ve helped clients adapt to changes via guidance on property conversion and counsel on leasing agreements.

The Houston suburbs are booming as affordable land is attracting investors and developers.

Industrial space surrounding the port was strong in 2024, however the tariff situation has potential to impact real estate. It’s an unknown that our real estate group is closely following.

Be sure to check out Shareholder and Real Estate Group Chair Blake Royal’s real estate insights for more on related topics.

In firm news, we’re honored that three of our deals are ACG Deal of the Year finalists. Matters include:  The Acquisition of Gauge Engineering by Green Companies, Inc., The Acquisition of American Alloy Steel, Inc. by Reliance, Inc., and The Acquisition of Sage Energy Partners, LP by BGC Group, Inc. Congratulations to the teams that worked tirelessly on these matters.

Also, welcome new Probate Litigation Paralegal Kristi Irick.

We’re available to help if you have questions or need guidance regarding real estate or any other matter.

Sincerely,