HISTORIC PRESERVATION TAX CREDITS
Real Estate Development – Illinois Efforts to preserve the historical heritage of the United States have been ongoing for more than 200 years.[i] The National Historic Preservation Act of 1966,[ii] which created the National Register of Historic…
TAX INCREMENT FINANCING – ILLINOIS
A Valuable Development Tool For Developers Tax Increment Financing (TIF) is a development tool often misunderstood by real estate developers and the public at large. TIF is authorized in every state (except Arizona) and the District of Columbia.…
MITIGATION OF DAMAGES IN IL COMMERCIAL LEASE DISPUTES
An Illinois landlord under a commercial lease must take reasonable measures to mitigate damages, . . . but only if mitigation of damages is required – which is not always. LEARN MORE
COOL PROJECTS – A Love Affair Revisited
Adaptive Reuse Of Underutilized Real Estate Cool Projects – A Love Affair Revisited We are entering a new frontier for adaptive re-use. The worldwide COVID-19 pandemic has left the urban commercial landscape in tatters. Shuttered vacant commercial…
SECTION 1031 EXCHANGE BASICS – Planning for 2021
Prediction: Tax rates will rise, and property values will increase in 2021 and beyond. IRC Section 1031 allows real estate sellers to defer payment of taxes . . . possibly forever.
COVID LEASE WORKOUTS
These are troubled times. The COVID pandemic is crushing some segments of the commercial real estate industry, including particularly retail and restaurants. In COVID-19 lease negotiations, I usually represent commercial landlords. When representing…
Past-Due Rent Owed to Prior Landlord Not Recoverable by New Owner
"Unlike credit card debt and future rent that can be assigned, Illinois courts routinely hold that rent in arrears is not assignable."
OPPORTUNITY ZONE INVESTMENT – 2019 – In a Nutshell
Opportunity Zones are among the hottest of Hot Topics in real estate investment today. With the December 22, 2017 enactment of the Tax Cuts and Jobs Act that added Section 1400Z to the Internal Revenue Code, Opportunity Zones were authorized as a…
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Tuesday, September 10, 2019One North Wacker Conference Center – Chicago (UBS Tower)and Live Webcast About this Program
Adaptive Reuse Panel at REOMAC July 19, 2018 – Chicago
REOMAC to Host Top CRE Leaders in Panel Discussion July 19, 2018 at River Forest Country Club, Elmhurst, Illinois I am pleased to be participating in the REOMAC a panel discussion on adaptive reuse of big box properties and other underutilized…