Naperville commercial eviction lawyerBusiness owners of all types can experience a drop in sales and fall behind on their bills. Unfortunately, when this happens, it can leave the landlord in a difficult predicament. On the one hand, commercial property owners know it is usually easier to keep a current tenant than it is to find a new one, so they may be willing to wait out a slow season for a delinquent commercial tenant.

On the other hand, the lack of payment can cut into the investor's profits, perhaps to the point that it places them at risk for financial problems themselves. As such, it is important that investors not only understand the eviction process for a commercial tenant who is behind on their rent, but that they also carefully consider their options before moving forward with the process.

Should You Evict Your Commercial Tenant? 

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Illinois CRE lawyersThe success and overall performance of a commercial property depends on a variety of factors. Perhaps one of the most influential is the way that owners (both property and business owner) handle and prevent personal injury liability situations. Bound to occur at some point, these incidents can cost all involved parties a great deal of time and money. Thankfully, the following sections can help you learn how preparing your commercial real estate property for premises liability can help to protect your asset (and your bottom line).

The Potential Consequences of Ineffective Premises Liability Protection

During the year 2017, more than 53,000 personal injury cases were filed in the United States. Many of these cases likely ended in a settlement, but not all. In either case, these lawsuits cause business and property owners to lose millions of dollars on an annual basis. Attorney fees, settlements, and court costs are just a fraction of the costs that can be associated with such cases. Money may not be the only loss that a business or property owner experiences; one's reputation and image can also be irretrievably damaged if the case goes poorly or receives a lot of publicity.

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Illinois commercial real estate attorneysMall and shopping center owners have barely had the time to develop a game-plan for the expected closures of 142 Sears stores, a requirement in their bankruptcy; now they are learning that several other specialty stores may not be renewing their commercial leases in the upcoming years. Gap and L Brands, which owns popular stores like Bath & Body Works and Victoria's Secret, are among two of the biggest retail chains that are expected to scale back between now and 2020 - and that is creating all kinds of issues for the owners of malls and shopping centers. How can they recover? Is it even possible?

Instinct, Intelligence, and Intuition Necessary for Navigating the Volatile CRE Market

The real estate market will shift and change; dips and recessions are going to happen. These are simple facts that commercial real estate life must accept. Moreover, the way an investor navigates the challenges of their market (deciding whether to sell or hold, remodel or slash prices on existing space, negotiate a deal with an existing tenant or find a new one, etc.) often has a significant impact on their real estate portfolio's future health. As such, the commercial real estate (CRE) market practically demands that investors are intelligent, intuitive, and able to listen to their gut instinct - even when it bucks the trend.

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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.

Public Transportation's Effect on the Real Estate Market

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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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From our offices in Naperville and Oak Brook, Lindell & Tessitore P.C. represents clients throughout Illinois including the areas of Plainfield, Oswego, Aurora, Lisle, Winfield, Wheaton, St. Charles, Geneva, Oakbrook Terrace, Elmhurst, Hinsdale, Burr Ridge, Batavia, Yorkville, Downers Grove, Warrenville, Woodridge, Lemont, Romeoville, Joliet, Bolingbrook, Mokena, New Lenox, Frankfort, Channahon, DuPage County, Will County, Lake County, Kendall County, Kane County, Cook County, and the greater Chicagoland area.