Practice Area · Real Estate

Deals that close.
Contracts that hold.

Texas real estate counsel from a 30+ year attorney with deep transactional experience — including having orchestrated over $1.1 billion in commercial transactions as general counsel of the Portland Family of Funds.

Real estate as a business problem.

Most real estate transactions fail for reasons the parties could have anticipated but didn't. A title defect surfaces two days before closing. A commercial lease permits something the landlord thought was prohibited. A partnership operating agreement didn't account for how an exit actually happens. A 1031 exchange misses a deadline by a day. The contracts existed; they simply did not contemplate the circumstance that arose.

This practice approaches real estate work as operational. Every document is drafted with specific attention to what happens when something unusual occurs — because in real estate, something unusual always occurs. The value of good counsel is not in the typical deal that closes smoothly. It is in the atypical deal where a provision negotiated two months ago turns out to matter.

What this practice covers.

Commercial real estate transactions

Acquisitions and dispositions of office, retail, industrial, multifamily, and mixed-use properties. Letters of intent, purchase and sale agreements, due diligence management, title and survey review, closing statement review, and post-closing integration. This practice has particular experience with larger and more structured transactions — including those involving complex capital stacks, New Markets Tax Credit allocations, and multi-party closings.

Residential purchase and sale contracts

Texas Real Estate Commission promulgated forms where appropriate; custom agreements for transactions outside the promulgated-form universe. Attention to contingencies, financing provisions, special warranty deed issues, and HOA-related complexities that generic contracts frequently mishandle.

Title review

Schedule B and Schedule C exceptions, easement and restriction analysis, survey exception review, and curative work when defects must be cleared before closing. Many title issues are identified too late, with closing pressure already bearing down; the right time to review title is when the commitment is first issued, not 72 hours before close.

Commercial and residential leasing

Landlord-side and tenant-side representation. Commercial leases are among the most consequential contracts a business signs — second only to the entity documents themselves. Good leases survive changes in market conditions, tenant growth, landlord ownership transitions, and disputes that neither party anticipated at signing. Bad leases create recurring friction for ten or twenty years.

Landlord-tenant disputes

Lease enforcement, eviction procedures, early termination negotiations, security deposit disputes, and counterclaims. Texas has specific procedural requirements for residential eviction that must be followed precisely — procedural errors at this stage are the most common reason for otherwise-winnable cases to fail.

1031 like-kind exchanges

Structuring the exchange to qualify under IRC §1031, coordinating with the qualified intermediary, managing the 45-day identification window and 180-day exchange period, and structuring the replacement property acquisition. A 1031 exchange is entirely a creature of deadlines — missing either window by a single day collapses the deferral. Planning is not optional.

Real estate partnerships and joint ventures

Formation, capital structure, waterfall provisions, promote structures, decision-making authority, exit mechanics, and drag-along / tag-along rights. Real estate partnerships fail in predictable ways: disagreements about capital calls, exits at different times by different partners, and decisions about major issues where no tiebreaker exists. The work is in anticipating those moments in the operating documents.

Development matters

Land acquisition for development, zoning and entitlement coordination, development agreements with municipalities, construction contracts, and coordination with lenders on construction loan structures.

Experience that matters

$1.1 billion in transactions,
personally orchestrated.

As CEO and General Counsel of the Portland Family of Funds, Norris Lozano raised and managed over $750 million, secured $180 million in New Markets Tax Credits from the U.S. Treasury, and orchestrated more than $1.1 billion in transactions across commercial real estate, community development finance, and structured lending.

This depth of transactional experience — rare at any level of practice, uncommon for solo firms — is now available to clients whose matters do not require a $2,000-per-hour big-firm partnership.

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Representative Matters

Transactions across asset classes.

Representative Matters for real estate transactions, when added, will describe anonymized deals by size, asset class, and structural complexity.

Section reserved. Representative Matters will be added as engagements close and anonymized summaries are approved.

Frequently asked questions.

Do I need an attorney for a residential purchase if I have a real estate agent?

A real estate agent's role is to facilitate the transaction; an attorney's role is to protect the legal interests of one party in it. For a standard purchase using the promulgated TREC forms, many Texans close without attorney involvement and nothing goes wrong. For transactions involving seller financing, owner-carried notes, unusual title conditions, unrepresented sellers, multi-parcel acquisitions, commercial elements, or closings above roughly $500,000, attorney involvement is a reasonable investment in the proportionality of protection to transaction size.

Can you help with a 1031 exchange already underway?

Yes, but the earlier the better. The 45-day identification deadline and 180-day closing deadline are both hard. If you are within the identification window and have not yet identified replacement property, counsel can still be useful. If the 45-day window has already passed without a proper identification, most of the structural work is fixed.

What makes a good commercial lease?

Not length. Good commercial leases allocate risk clearly, anticipate the common disputes (operating expense reconciliations, exclusive use provisions, assignment and subletting rights, renewal options with fair market rent determinations), and read the same way to both parties three years later. Bad leases leave the hard questions unanswered; the answers emerge in dispute.

How do you price real estate work?

Flat fees where scope permits (residential purchases, standard lease reviews, basic title cures). Hourly for transactional work where scope is inherently variable (commercial acquisitions, partnership formation, dispute resolution). Every engagement begins with a written fee agreement; no per-hour surprises.

Do you handle matters outside Texas?

Texas matters only for real estate work. For Texas-domiciled clients with real estate in other states, this firm can coordinate with local counsel in the relevant jurisdiction.