Illinois Appellate Decisions Offer Guidance For Claims Against Real Estate Professionals

It is no secret among professional liability defense attorneys that the sellers of residential real estate are not the only parties susceptible to lawsuits alleging insufficient disclosures. Illinois real estate brokers and their agents also routinely are named as defendants in these cases.

Negligent misrepresentation claims against real estate professionals are common and are often accompanied by claims under the Residential Real Property Disclosure Act (Disclosure Act) and Article 15 of the Real Estate Licensee […]

By | July 1st, 2024 ||

Primer On Commercial Real Estate Loan Workouts And Right-Sizing, Part I

Today’s commercial real estate market is in distress and has been, across a variety of asset classes, for several years. The reasons are well-known. Less well known is possibly the surest solution in this down cycle. This is a method to right-size commercial real estate loans where the value of the underlying real estate is so much lower than it was only a few years ago.

Today’s commercial real estate market is in distress and […]

By | May 14th, 2024 ||

A Clear View – How ‘Skylines’ Show The Domino Effects Of Delay

All projects should have a clearly defined scope of work, budget, and scheduled completion date. However, should any changes be introduced to the project, their timing (and scale) will determine the potential impact on these and various other variables, and on the project overall.

The effects of early changes may be easier to mitigate than later ones. Generally, the later a change occurs, the greater its potential cost and schedule impact – and risk of […]

By | May 13th, 2024 ||