POP QUIZ! — Commercial Real Estate Due Diligence
I read once that if you took all the lawyers in the world and laid them end to end along the equator — it would be a good idea to leave them there. That’s what I read. What do you suppose that means? I have written before about the need to…
STRATEGIES FOR ASSESSING COMMERCIAL TENANT CREDIT
GUEST BLOG BY DAVID RESNICK of ROBBINS, SALOMON & PATT, LTD. When considering a lease, tenants are usually focused on the location, size and quality of the leased space, and perform some minimal diligence on the landlord and property manager to…
THE TIC TRAP – SECTION 1031 EXCHANGES – A DANGER ZONE
This is the third and final installment of a three-part series on Section 1031 like-kind exchanges. Part 1 explained WHY you should consider use of a Section 1031 like-kind exchange when selling commercial or investment real property. Part 2 covered the…
Value Investing vs. Momentum Investing
As the commercial real estate market begins to pick up steam, beware the urge to follow a “momentum” investment strategy rather that a “value” investment strategy. Momentum investing relies on market increases to generate a return…
Raising Capital for Real Estate Investment
At long last, the real estate investment market is beginning to show signs life. Commercial and industrial property transactions are increasingly common, and multifamily properties of all sizes are being snapped up by investors. Historically low interest…
Asset Protection – Lessons Learned
“The best time to plant a tree was twenty years ago. The second best time is today.” Chinese proverb For over 35 years, I have represented commercial real estate investors, developers and business…
LENDING BLIND – SIX YEARS AFTER LEHMAN’S COLLAPSE
Commercial Real Estate Lending: What You Don’t Know Can Hurt You! If there is anything commercial real estate lenders have learned during the collapse of the commercial real estate market over the past five or so years, it would be the…
10 Things to Know About Commercial Real Estate Development Agreements
I was invited recently to speak at the Illinois Institute for Continuing Legal Education Annual Real Estate Short Course to discuss what every lawyer should know about commercial real estate development agreements. In preparing for the presentation,…
Information Providers – Can We Sue Them If They’re Wrong?
Of Course We Can Sue Them . . . But Can We Hold Them Liable? No one knows everything. It’s a simple fact of life. Often, businesses turn to other businesses and professionals to obtain needed information. The range of commercial…
Cities Shooting Economic Development in the Foot
NOTICE TO MUNICIPALITIES: If you want economic development, ACT LIKE IT! Sometimes, municipalities can be their own worst enemies when it comes to economic development. At best, things they sometimes do, or don’t do, evidence disinterest, if…