HARP – On This. . .

UPDATE: On December 7, 2024 FinCEN issued the following ALERT UPDATE regarding enforcement of the Corporate Transparency Act: “On Tuesday, December 3, 2024, in the case of Texas Top Cop Shop, Inc., et al. v. Garland, et al., No. 4:24-cv-00478 (E.D. […]

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

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 IL […]

PLEASE JOIN US on November 16, 2021 Register Now: 2021 CHICAGOLAND REPOSITIONING SUMMIT on Tuesday November 16, 2021 Panelists:@Scott Kurinsky|Brian Hungerford|Charles Ditchman|Jamey Dix|Eric Wheeler|Sheyla Conforte, IIDA, NCIDQ, LEED AP|Kymn Harp|Michael Collins|Karyn Charvat|Mike Demetriou|Sarah Wicker|Jillian Brown|Andrea Upwood, WELL AP|Chad Firsel Register: https://lnkd.in/exwTQYcA […]

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 space is commonplace […]

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.

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 commercial tenants, knowing the challenges landlords face […]

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 fireworks […]

“Unlike credit card debt and future rent that can be assigned, Illinois courts routinely hold that rent in arrears is not assignable.”

For all attorneys and others planning for or litigating liability issues in relation to Illinois limited liability companies BEWARE that important substantive amendments to the Illinois Limited Liability Company Act have been enacted as Pubic Act 101-0553. The amendments, which […]