Buying a house or new business in Illinois is typically an exciting experience. From start to finish, bringing real estate transactions to fruition can take months. When problems arise, buyers and sellers may suffer substantial delays. One thing everyone typically...
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Commercial Real Estate
Developer sues for millions in breach of contract claim
Vacant buildings dot Illinois urban landscapes as many others do in cities throughout the nation. Such structures can become eyesores if left unattended for extended periods of times. A developer in another state had plans to renovate a particular building and bought...
Illinois real estate transactions sometimes lead to legal dispute
It is not uncommon for many Illinois residents to be involved in the buying or selling of commercial real estate at some point in their lives. Often, such real estate transactions can be quite complex, and the processes therein can become intimidating for those...
Some Illinois real estate transactions include property trades
Many people in Illinois enter into agreements and contracts for the buying and/or selling of privately or commercially owned property. Some real estate transactions don't involve the purchase of property per se. Rather, they contemplate the exchange of property...
Legal help available for Illinois real estate transactions
In Illinois and all other states, business deals occur on a daily basis involving the buying and/or selling of real estate properties. Illinois residents will want to know that there is legal counsel available to those who need it regarding real estate transactions in...
The basics of commercial real estate evictions in Illinois
The tenant of a commercial space has possession of the office, workspace or storefront, but the landlord still owns the place. Most landlord-tenant relationships go smoothly in Illinois, but sometimes landlords feel they must evict a commercial tenant. Most evictions...
More about how Superfund affects construction and real estate
In a recent blog post, we discussed the obligations commercial and residential property owners have to disclose certain conditions of the property before selling it. You can read that blog post here. One of the mandatory real estate disclosure laws we mentioned was...
Disclosure requirements a major factor in commercial real estate
When an individual or business buys a piece of real estate, they generally look around the property first to see if it will meet their needs. However, a walk-through inspection of a building will not reveal defects and problems that lie inside the walls, roof, floor...