When The Lancaster Group, a Houston-based management company with properties in Los Angeles and New York, was offered a chance to manage a 115-room luxury property in Alabama, it did something few, if any, other management firms would have even...
Asale of property is often not effected in a single day. The buyer and seller may spend weeks or months negotiating a contract, the contract will be signed and then a further "executory" period may pass before the closing occurs. During the...