Estate Planning, Business Law and Estate Administration and Litigation
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Real Estate Law

Nearly every individual and business will encounter a real estate transaction – whether the purchase, sale, lease, development or financing of real property. The attorneys at McCormick & Friman, LLC are experienced in essentially every facet of real estate law and routinely represent developers, landlords, tenants, buyers, sellers, lenders, syndicators and investors in local and national transactions. It is crucial, particularly in this day and age, to hire a real estate attorney who not only understands the nuances of the deal, your particular goals and the risks involved, but also can evaluate a transaction from experience gained at both sides of the table. From a routine house closing to the development of a $200 million mixed use high rise and everything in between, McCormick & Friman is here to guide you through the process. Our real estate services include:

Transactions

  • Development of acquisition strategies and negotiation of business deal points, including brokerage and marketing agreements.
  • Acquisition or sale of improved and unimproved land, buildings, portfolio and distressed properties, including office, retail, industrial, medical, hotel and residential projects
  • Structure and negotiation of agreements for complex mixed-use property development
  • Counseling with respect to construction law, including general and sub-contracts, architecture, licensing, permitting, and building code and zoning compliance
  • Structure of tax deferred exchanges, including reverse and build-to-suit exchanges
  • Structure and negotiation of owner/developer agreements and land use planning
  • Resolution of complex title problems
  • Drafting and negotiation of condominium declarations, restrictive covenants and reciprocal easement agreements
  • Preparation of Federal Interstate Land Sales Act and local governmental compliance and documentation
  • Evaluation of condominium association management and FHA eligibility
  • Representation of homeowners in residential purchases and sales

Leasing

  •  Drafting and negotiation of complex office, medical, retail and industrial leases for tenants and landlords
  • Construction of tenant improvements
  • Counseling regarding Stark Law compliance for medical providers
  • Lease counseling and property management advice, including review and negotiation of listing agreements
  • Structure and negotiation of workout agreements
  • Dispute resolution, lease enforcement and judicial remedies, including eviction

Project Finance

  • Analysis of financing alternatives
  • Structure and negotiation of private equity for real estate ventures
  • Structure and negotiation of loan work-outs in lieu of foreclosure
  • Selection of ownership entity to achieve financial and tax objectives
  • Negotiation of terms and conditions of construction, mezzanine and permanent financing
  • Structure of conventional and creative financing mechanisms
  • Counseling lenders with respect to loan documentation and enforcement
  • Tax Increment Financing and Municipal Bond deals

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Contact

2 North LaSalle Street, Suite 1250
Chicago, IL. 60602

Phone: 312.466.0800
Fax: 312.466.0808