HARP – On This. . .

Corporate Transparency Act Compliance – Obtain your FinCEN ID NOW The Corporate Transparency Act (“Transparency Act”) is a new federal law that went into effect on January 1, 2024.  It applies to most privately held companies (each, a “reporting company”)[i], […]

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 […]

Chicago Law Firms Robbins, Salomon & Patt and DiMonte & Lizak Merge – Newly formed Robbins DiMonte, Ltd. combines to become one of Chicagoland’s largest boutique law firms, an all-in-one legal source offering full-service capabilities for individuals, investors, businesses and […]

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.”