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Recent Blog Posts

The Basics of Real Estate Investing - Understanding Public Transportation's Impact on Residential and Commercial Real Estate Markets

 Posted on December 05, 2018 in Residential Real Estate

Naperville commercial real estate attorneysWhen a real estate investor wants to achieve a profitable return on investment (ROI), it is important that they consider a number of variables and factors related to the property. The projected growth of an area, which is arguably one of the most critical factors in this equation, can be extremely difficult to determine, as the economy and access to jobs can change dramatically over the course of just a few short years.

Information, recently released by the Environmental and Energy Study Institute (EESI), the National Association of Realtors (NAR), and the American Public Transportation (APTA), suggests that access to public transportation may be useful in determining both the immediate growth and future growth in a given area. Learn more about the intricate connection between public transportation and real estate growth, and discover how a seasoned Naperville real estate attorney can help to increase your chances of a positive ROI on your next real estate project.

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Is Your CRE Firm “Punishing” Entrepreneurs or Agents Who Display “Feminine” Traits?

 Posted on November 19, 2018 in Commercial Real Estate

Naperville CRE lawyersAlthough women have made great strides in the workplace, they continue to struggle when it comes to advancing within their own companies. Female entrepreneurs also tend to receive less funding than their male counterparts when pitching their business model or idea to a prospective investor. It has long been assumed that this bias was based on gender, but a new study offers a different perspective - that women are not being penalized for being female, but for displaying what society considers to be “stereotypically feminine traits.” Is your CRE investment firm guilty of punishing its agents and potential entrepreneurs in this way? Is there anything that can be done to mitigate the issue? The following information explains.

Study Examines Gender Bias in the Business World 

Women are generally seen as warm and nurturing, and though they take risks, they tend to be more concerned with easing people's fears than closing the deal. Published in the journal SAGE, the recent study pitted both male and female entrepreneurs against one another in a pitch competition. Investors selected finalists after hearing all of the pitches.

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Examining the Characteristics of a Successful Commercial Real Estate Investor (and Why They Matter)

 Posted on November 12, 2018 in Commercial Real Estate

Illinois commercial real estate attorneysCommercial real estate investment (CRE) has become known as one of the most effective strategies for building wealth and a healthy retirement fund - but it may not be the best industry for every everyone. Transactions often happen quickly, the working hours can be long and intense, and it is not uncommon for an investor to buckle under the pressure in such a highly competitive market. Examine the five characteristics of a successful CRE investor to determine if commercial investing may be appropriate for your real estate portfolio, and discover how a seasoned real estate lawyer can help to mitigate the risks in areas where you may fall short.

Characteristic #1 - Adept Listening Skills

Of all the skills that a successful commercial real estate attorney should possess, adept listening skills are, perhaps, the most critical. It is required during every phase of the commercial real estate transaction process, and it is how you ensure that you are meeting the needs and demands of your customers. If you struggle with listening, consider practicing this skill to improve your potential profitability in the CRE industry.

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Examining the Potential Impact of Sears’ Bankruptcy on the CRE Market

 Posted on November 05, 2018 in Commercial Real Estate

Oak Brook commercial real estate lawyersIn 2012, there were approximately 4,000 Sears stores in the United States. A little while after hitting that peak, Sears started to experience a downturn. Now, with less than 700 stores, nationwide, the company is facing bankruptcy. What might the mean for the commercial real estate sector? The following examines the possibilities, and it provides some viable solutions for commercial real estate owners who are looking to start on a new investment venture.

Sears’ Bankruptcy Restructuring Plan Involves More Store Closures by End of Year

In their Chapter 11 bankruptcy restructuring plan, Sears is set to close another 142 stores before the end of the year. Many of these closures will happen in top two tier malls (those that generate at least $350 in revenue per square foot). There has been no word on just how many employees will lose their jobs, but the company has already downsized its workforce from over 90,000 employees to just 68,000.

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Real Estate Investing Basics - Understanding the Fundamental Differences Between Single Family Homes and Commercial Property

 Posted on October 25, 2018 in Commercial Real Estate

Illinois real estate attorneysWhile it is not uncommon for an investor to focus on only one type of real estate, the wealth that they seek is often easiest to achieve with a diverse investment portfolio. Not only does this allow for multiple streams of income, it also provides investors with better protection from fluctuations in any given market. Unfortunately, when investors do not understand the fundamental differences between the two most common real estate models - single-family residential real estate units and commercial real estate (CRE) - they risk significant financial loss.

Use the following sections to gain a better understanding of the key differences between these real estate sectors and how they can be used to determine the potential return on investment (ROI) on any given property, and discover what a seasoned real estate attorney can do to help improve the outcome of your next residential or commercial real estate transaction.

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Protecting Your Commercial Real Estate Properties in the Digital Era

 Posted on October 15, 2018 in Commercial Real Estate

Oak Brook real estate attorneysMost commercial real estate investors recognize that the digital era is changing everything about business - from how retailers must advertise to the way they use space. Mitigating for this issue and maintaining a thriving portfolio can be difficult, however, as it t requires tenacity, creativity, and a willingness to think outside the “big box.” Learn more about how you can protect your CRE portfolio in the digital era, and discover how a skilled real estate attorney can assist.

The Digital Era's Impact on Commercial Real Estate

People used to spend countless hours at the mall and big-box stores. Now they go to their favorite store's website (or perhaps even a reseller) and purchase items from the comfort of their own home. Retailers like Amazon are even making it possible for consumers to order everyday items online and have them delivered, sometimes in the same day. In short, brick-and-mortar stores are seeing less foot traffic, and businesses that have failed to build a digital platform have already either gone under or are currently at serious risk of doing so in the future.

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5 Considerations to Make Before Investing in Commercial Real Estate

 Posted on October 03, 2018 in Commercial Real Estate

Illinois commercial real estate lawyersIf you are looking for a way to diversify your real estate portfolio and have not yet ventured into commercial real estate, now could be the time to do so. However, there are some important differences between commercial and residential real estate transactions that one must understand before diving into the market. Gain a firm grasp on these variances with help from the following sections, and discover how the assistance of a seasoned real estate lawyer can help improve the outcome of your first (and hopefully all successive) commercial real estate transaction(s).

What is the Market Doing in Your Chosen CRE Sector? 

Commercial real estate involves many sub-sectors (housing developments, office spaces, restaurants, etc.), so investors need to understand the various nuances and fundamentals of their chosen sector. Not only does this decrease the risk of project failure, but it can also increase one's chances of yielding a high return. Savvy CRE investors can also use their market knowledge to fine-tune their investment path and diversify their real estate portfolios.

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Catering to the Millennial Generation - What Stands in the Way of Home Ownership?

 Posted on September 25, 2018 in Naperville Real Estate Lawyer

Illinois real estate attorneysMillennials are more than just history's youngest consumers; they have shaped the very world in which we live. Their love for technology has made items that were formerly seen as conveniences - things like free wifi and USB ports - an expectation, rather than a perk in restaurants, hotels, and coffee shops. A strong desire to make less of an impact on the planet than the generations before them, millennials have also encouraged many companies to adopt more eco-friendly practices. Now, with many of them reaching a stage where they want to start a family, real estate developers who wish to achieve future growth and success are having to consider (and find solutions for) the challenges that stand in the way of home ownership for this unique demographic. A recent survey may help shed some light on the subject.

Millennials Express Concerns Over Rising Home Prices and Interest Rates 

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Real Estate Development - Zoning Variances and Exceptions

 Posted on September 18, 2018 in Zoning and Land Use

Illinois zoning law attorneysWhen you invest in commercial property, it is critical that you are able to use it as planned. Unfortunately, if due diligence is not performed, there could be zoning issues that hinder the completion of a project. Depending on the situation, developers may be permitted an exception, otherwise known as a zoning variance. Learn more about variances, when they apply, and how a skilled real estate attorney can help with pursuing one for your current development project.

What is a Zoning Variance? 

Local municipalities are responsible for the way their community develops. Zoning ordinances allow them to control and limit the presence of undesired structures and land uses. Most of the time, those ordnances are based on community desires (i.e. residents not wanting a factory near their homes), rather than government desires, but there are exceptions. Examples include ordinances that prioritize land and wildlife preservation.

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Planning for the Future of Commercial Real Estate - A Closer Look at Generation Z

 Posted on September 11, 2018 in Commercial Real Estate

Illinois real estate lawyersGeneration Z now accounts for more than 25 percent of the current U.S. population, and they are expected to make up 40 percent of all consumers by the year 2020. As such, companies and commercial real estate developers are encouraged to start thinking with the “new generation” in mind. Learn how to better cater to this up-and-coming demographic, and discover how a seasoned real estate lawyer can assist you as you continue to expand your investment portfolio.

Getting to Know Generation Z

Generation X saw the start of the internet. Millennials were a part of the upward trend, but they still remember a time when stores were a place to shop. Generation Z grew up with the world at their fingertips, so their expectations are extremely different than the generations before them. They look at retail spots as places to do things, rather than buy things. A company's ecological footprint and treatment of their employees are deciding factors for this group of consumers, and they are less enthralled by experience than the ease of navigation. They want elements that promote health and emotional well-being. They are also less likely to work in a brick-and-mortar building, but when they do choose to work at a location, they want shared work spaces, unassigned seating, and quiet zones that help them “unplug” from their digital worlds.

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