The boon of multifamily development has led to increased competition in the Texas area, including Dallas, which has boosted legal requirements beyond the 'handshake deal,' a legal source says.
"We are seeing more home builders and commercial contractors moving into multifamily development," said Danielle Senn, a construction law attorney at Ford Nassen & Baldwin PC in Dallas. "The commercial contractors have brought a new level of sophistication to multifamily development."
Some of the home builders, however, are wild cards and they can get into legal trouble, she said.
Read more...Lawyer: ‘Handshake deal’ not enough for some Dallas multifamily projects - Dallas Business Journal