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
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…
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…
Before Closing: Consider a Sec. 1031 Tax Deferred Exchange
If commercial real estate is being sold and the seller is planning to buy again, the seller should seriously consider a tax-deferred exchange. So long as the closing has not yet occurred, it is not too late. Why pay taxes on sale proceeds when it’s not…
Your Real Estate Contract – Two Points to Consider
Two Things You Need to Know As my readers know, I often represent real estate investors. When I draft a real estate contract I strive to make each provision absolutely clear in its meaning, and try to have it serve as a workable road map to…
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…