Recent Acquisitions by Corinth Land Co. and Prattco Creekway Industrial (PCI) Catapult JV Ownership to 30 Percent of IH-20 West Business Park

To Date, The JV has invested $50 million in Almost 700,000 SF of North Texas Industrial Space

With the latest acquisition of three additional buildings in the IH-20 West Business Park, Fort Worth-based Corinth Land Co. and Dallas-based Prattco Creekway Industrial (PCI) now own 9 of the business park’s 30 buildings, or 30 percent of the complex. The latest acquisitions include 6575 Corporation Parkway (39,500 SF); 6590 Corporation Parkway (17,000 SF); and 6656 Corporation Parkway (15,000 SF). All are 100 percent occupied by Summit Casing. The purchase was financed by Veritex Bank with equity provided by Western Production Company and PCI.

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Fort Worth-based Corinth Land Co. and Dallas-based Prattco Creekway Industrial have acquired three additional buildings in the IH-20 West Business Park in North Texas. The latest acquisitions include 6575 Corporation Parkway (39,500 SF); 6590 Corporation Parkway (17,000 SF);

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NJ Says Contractor Ownership Rule Is Constitutional

Law360 (October 16, 2020, 5:10 PM EDT) — The state of New Jersey urged a federal court Friday to end a challenge to a state licensing requirement that mechanical contractors have a 1% business ownership in a Garden State entity to conduct business, arguing that there’s no evidence the law violates the U.S. Constitution.

The Mechanical Contractors Civil Action Association of New Jersey Inc. and national firm MMC Contractors claim the New Jersey rule runs counter to multiple constitutional clauses, yet haven’t shown why, the state argued in a motion for summary judgment.

“There is no evidence presented to support plaintiffs’ contention that [the law], as applied, will create…

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In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the

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New Law Aims To Increase CA Home Ownership

CALIFORNIA — A bill prompted by the Moms 4 Housing occupation of a vacant West Oakland home late last year and signed by Gov. Gavin Newsom this week aims to increase homeownership in the state.

Senate Bill 1079, introduced by state Senate Majority Whip Nancy Skinner, D-Berkeley, requires foreclosed homes to be sold individually at auction rather than bundled and sold to a single buyer.

Following the Great Recession, corporations snatched up large numbers of homes in bundled foreclosure sales.

Between 2006 and 2012, the number of owner-occupied single-family homes in California dropped by 320,000, while the number of renter-occupied single-family homes jumped by 720,000, according to the senator’s office.

“SB 1079 sends a clear message to Wall Street: California homes are not yours to gobble up; we won’t tolerate another corporate takeover of housing,” Skinner said in a statement.

Four homeless women in late 2019 moved themselves into a

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Record Of Foreigner Ownership Eligible Cluster Houses

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In any other case, if the yr isn’t the year we’re planning to promote the property, then there is … Read More