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
IMPOSSIBLE, IMPRACTICAL, FRUSTRATING, OR SIMPLY UNFORTUNATE: Enforcing Illinois Commercial Leases in the COVID Age*
On March 18, 2022, the Illinois Appellate Court issued its first opinion addressing efforts by a commercial tenant to escape liability under its lease by reason of the COVID-19 pandemic. 55 Jackson Acquisitions, LLC v. Roti Restaurants, LLC, 2022…
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…
BEYOND THE PANDEMIC – Opportunity Awaits
If experience teaches us anything, it teaches that the COVID-19 pandemic will end. Things we enjoyed before, will be enjoyed again. People still want to shop, travel, dine-out, go to theater, attend live concerts and sporting events, marvel at…
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…
COMMERCIAL REAL ESTATE BOOT CAMP
NEW – COMMERCIAL REAL ESTATE BOOT CAMP- April 24, 2018- presented by the Illinois Institute for Continuing Legal Education I’m pleased to tell you about a terrific CLE program I’ll be speaking at and moderating: the IICLE® Commercial Real…
A PASSION FOR (REAL ESTATE) BUSINESS
Lawyers are like most other business professionals. We want your business and we want your referrals – we just don’t always know the best way to ask for either. Take me for example. I’ve been handling commercial real estate transactions and business…
NEW BOOK – Illinois Commercial Real Estate
I’m happy to announce that the website for my new book, Illinois Commercial Real Estate is now live. Visit www.Illinois-CRE.com for a book excerpt. Illinois Commercial Real Estate, Due Diligence to Closing, with Checklists, is intended as a…