Real Estate Experience From Dirt to Development
Bracewell has one of the most regarded real estate teams in the United States. We have extensive experience advising clients on complex real estate developments across Texas and throughout the United States. Our team delivers tailored results — on time and on budget — for commercial and residential real estate projects, hotels and convention centers, stadiums and arenas, and medical facilities, which has earned us top rankings in Chambers USA and U.S. News – Best Lawyers.
Clients regularly call upon us to handle all aspects of their real estate transactions. We provide counsel for the real estate needs of many large energy companies, including Kinder Morgan, Inc., Apache Corporation, Phillips 66, Celanese, Plains All American Pipeline, Chevron Phillips Chemical Company LP and Devon Energy Corporation. In addition, we act as lead real estate counsel to Crescent Real Estate, Lincoln Property Company Commercial and the Texas Medical Center – the largest medical center in the world. We also represent the Texas Medical Center on the development of a 28-acre biomedical innovation and commercialization campus known as TMC3.
Our strategy is simple: help our clients achieve their transaction goals by providing the excellent service and legal analysis they have come to expect from us. Whether it’s a power project, mixed-use residential, healthcare or hospitality development, sports facility, midstream project or shopping mall, our team of highly experienced lawyers is ready for deployment.
We represent clients in site assembly, financing, construction, leasing, and operation and management of office, industrial, retail, residential, hotel, apartment and other commercial real estate developments. Our clients include publicly held corporations, partnerships, real estate investment trusts, educational institutions, government entities and foreign investors.
Areas of Focus
Acquisitions & Divestitures
Our experience extends across all aspects of real estate acquisition, divestiture and finance. We advise clients in matters relating to specialized properties, such as real estate investment funds, energy infrastructure, and gaming and hotel facilities.
We counsel both borrowers and lenders in the negotiation and documentation of credit arrangements, including term loans, working capital loans, credit enhancement facilities, construction loans, structured financings and various workout, collection and foreclosure efforts related to non-performance credits. We also facilitate asset-based financings, including sale/leaseback, synthetic leases and other leveraged leasehold and structured financings.
Meet the teamCommercial & Mixed Use Development
Our team represents the nation’s leading developers, builders, landlords and tenants in condominium projects and commercial, retail and mixed-use developments. For example, we recently represented Lincoln Property in connection with a mixed-use development in the Prescott Center area of Dallas, as well as real estate developments in Austin, Texas.
Meet the teamLeasing & Corporate Relocations
Our commercial leasing lawyers help lessors and lessees develop, negotiate and finalize lease terms. We have significant experience assisting shopping mall developers, owners and retail tenants in securing advantageous leases. We also represent numerous corporations in connection with their headquarters relocations and developments, including Phillips 66, Apache Corporation and Kinder Morgan.
Meet the teamOur experience extends across all aspects of real estate acquisition, divestiture and finance. We advise clients in matters relating to specialized properties, such as real estate investment funds, energy infrastructure, and gaming and hotel facilities.
We counsel both borrowers and lenders in the negotiation and documentation of credit arrangements, including term loans, working capital loans, credit enhancement facilities, construction loans, structured financings and various workout, collection and foreclosure efforts related to non-performance credits. We also facilitate asset-based financings, including sale/leaseback, synthetic leases and other leveraged leasehold and structured financings.
Meet the teamOur team represents the nation’s leading developers, builders, landlords and tenants in condominium projects and commercial, retail and mixed-use developments. For example, we recently represented Lincoln Property in connection with a mixed-use development in the Prescott Center area of Dallas, as well as real estate developments in Austin, Texas.
Meet the teamOur commercial leasing lawyers help lessors and lessees develop, negotiate and finalize lease terms. We have significant experience assisting shopping mall developers, owners and retail tenants in securing advantageous leases. We also represent numerous corporations in connection with their headquarters relocations and developments, including Phillips 66, Apache Corporation and Kinder Morgan.
Meet the teamRecognition for Excellence
Our client work has earned us national recognition within the legal industry.
- Chambers USA – Texas Real Estate
- U.S. News – Best Lawyers – Dallas/Fort Worth Real Estate Law; Houston Real Estate Law (Tier 1)
The Bracewell team has the requisite talent and knowledge to help in a multitude of situations.
Chambers USA, 2023

Market-Leading Transactions
We work on a broad range of real estate projects.
- Argo Infrastructure Partners LP in the acquisition of 50 percent interest in Brookfield Smoky Mountain Hydro facility. As real estate counsel, Bracewell provided due diligence review of four hydroelectric generating facilities located in Tennessee and North Carolina, including appurtenant electric transmission line assets
- Arroyo Energy Investment Partners, LLC on the sale of the Brandywine Power Generation Facility, a 230-MW dual-fuel combined-cycle plant located in Brandywine, Maryland, and the Broad River Power Generation Facility, an 878-MW dual-fuel peaking facility located in Gaffney, South Carolina, to Onward Energy
- Cactus, Inc. in its $621 million acquisition of FlexSteel Technologies Holdings, Inc. and its affiliates, which is the largest acquisition in Cactus’ 50-year history. As real estate counsel, Bracewell coordinated the real property asset diligence review for all US- and Canadian-owned and leased office and service facilities, including the 250,000-plus square foot manufacturing facility located in Baytown, Texas
- Chevron Phillips Chemical Company LP, as lessee and construction agent, in a $206 million synthetic lease facility with Bank of America, N.A., as administrative agent, and BA Leasing BSC, LLC, as lessor, secured by the corporate headquarters of the lessee and other assets related thereto. As real estate counsel, Bracewell negotiated the creative structuring and execution of the acquisition and asset-based financing instruments, as well as leading the diligence review team for site control and project development matters
- Crescent Real Estate LLC in all aspects of the leveraged acquisition of a Class AA 1.3 million square foot mixed-use center known as The Crescent in the Uptown District of Dallas, Texas, including the negotiation of all purchase documents, loan documents and ancillary management documents
- Equinor in the negotiation of purchase and sales agreements and conditional grant agreements with the New York State Energy Research and Development Authority in support of the $1.1 billion sale of a 50 percent interest in two US offshore wind development projects to bp, including the formation of a partnership to develop and operate the Empire Wind project offshore New York and the Beacon Wind project offshore Massachusetts, which together could generate up to 4.4 GW
- Equinor in connection with the sublease of additional real estate assets located in the South Brooklyn Marine Terminal, including performing title and survey diligence in support of ongoing negotiations of purchase and sales agreements and conditional grant agreements with the New York State Energy Research and Development Authority
- Independent oil and natural gas exploration and production company in a $273.7 million amended and restated synthetic lease facility