EXERCISING REAL ESTATE OPTIONS
WHEN EXERCISING REAL ESTATE OPTIONS – Strict Compliance is Your Only Option Options affecting real estate are commonly found in two circumstances: options to purchase real estate and options to extend the term of a lease. A recent decision by the…
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…
THE CLIENT CONUNDRUM
A mistake lawyers make is treating all clients the same. It’s a mistake shared by other professions as well. They’re not all the same. The issues clients face, and the solutions they deserve, are as varied as life itself. With the rise of technology and…
ELECTRONIC SIGNATURE BINDING ON COMMERCIAL LEASE?
COMMERCIAL LEASES AND THE LAW OF ELECTRONIC TRANSACTIONS By Guest Authors: David P. Resnick and Seth Corthell Most commercial leases are forged by a deliberate, organic process that includes face-to-face meetings, telephone calls and written…
Outside Investors and the Real Estate PPM – A Critical Step
It is not uncommon for commercial real estate investors to pool their funds for real estate investments. To obtain project financing, equity requirements remain relatively high. Loan to value ratios are in the 60% to 70% range in many circumstances. Even…
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…
AIR RIGHTS DEVELOPMENT – Chicago, Illinois
WHY DEVELOP AIR RIGHTS? Prime commercial land is limited. Prices per square foot can be astronomical. Demand for efficiency to maximize return on investment is growing. No wonder developers and property owners are looking to the sky, with varying degrees…
Due Diligence Basics – Commercial Real Estate
Due diligence is essential when investing in, developing or financing commercial real estate. You must know the right questions to ask, and where to find the answers. The object is not simply to get to closing, but to assure that the project will…
NEW: ALTA Land Title Survey Standards
NEW ALTA LAND TITLE SURVEY STANDARDS effective February 23, 2016. UPDATE: Effective February 23, 2016, new minimum standard detail requirements for ALTA Land Title Surveys went into effect, replacing the previously existing 2011 Minimum Standard…
Keys to Closing A Commercial Real Estate Transaction
Commercial Real Estate Closings Anyone who thinks closing a commercial real estate transaction is a clean, easy, stress-free undertaking has never closed a commercial real estate transaction. Expect the unexpected, and be prepared to deal with it.…