DUE DILIGENCE CHECKLISTS for Commercial Real Estate Transactions
2016 Updat Are you planning to purchase, finance, develop or redevelop any of the following types of commercial real estate in the USA? A KEY element of successfully investing in commercial real estate is performing an adequate Due Diligence…
COMMERCIAL LANDLORD-TENANT – Part 2 – The Covenant of Quiet Enjoyment
This is Part 2 of a multi-part series of articles discussing the duties, rights and remedies of commercial real estate tenants in Illinois. Part 1, entitled “Getting It Right” discussed the importance of clarity in lease drafting, and the potential for…
Commercial Landlord-Tenant Issues – PART 1 – Getting it Right
In March 2015, the Illinois Institute for Continuing Legal Education (“IICLE”) published its 2015 Edition practice handbook entitled: Commercial Landlord-Tenant Practice. To provide best-practice guidance to all Illinois attorneys, IICLE recruits…
Illinois LLCs – The Asset Protection Advantage
Illinois LLCs – The Asset Protection Advantage A Technical Analysis Among sophisticated investors and other high-asset/high-net worth individuals and businesses, the topic of “asset protection” is bound to arise. As many became painfully aware during the…
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…
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…
WANTED: REAL ESTATE DEVELOPER
MONEE, ILLINOIS IS IN SEARCH OF A COMMERCIAL REAL ESTATE DEVELOPER – AND WILL PROVIDE ECONOMIC INCENTIVES This post is intended to serve two purposes: Let me first say that I am not a real estate broker or real estate developer, I don’t own land in…