Increased Competition Is Causing Attorneys to Implement 'Creative Strategies' in Transactional Work
"An attorney can add value to a transaction by making introductions, thereby bringing more resources to the table for a client. The idea is to be the bridge between the parties and potentially end up representing the entity involved in the new transaction."
September 21, 2022 at 04:21 PM
5 minute read
The role of attorneys is changing during real estate transactions, many of which now require more out-of-the box thinking to help clients develop strategies to improve assets such as residential condos, mixed-used retail and multifamily developments, shopping centers, hotel condos, warehouses or vacant land.
Here's how the practice area is changing, according to veteran commercial real estate attorney Fernando Garcia, who's a founding partner with Pena Garcia & Diz in Coral Gables. Below, he discusses what strategies and trends he's implementing and seeing others use to successfully close real estate transactions.
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