Real Estate Law News and Insights

This past March, in CB Construction & Design, LLC v. Atlas Brookview, LLC, et al., the Illinois First District Appellate Court recognized a property owner's ability to significantly shorten the time for a mechanic's lien claimant to bring suit to enforce the lien. In general, under the Illinois Mechanics Lien Act...

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To preserve the marketability of a commercial or mixed-use condominium unit sold to a third-party, it may be necessary to include specialized minority owner protection provisions in the condominium declaration for the project. A description of common minority owner protection provisions to consider in condominium declarations are set forth below:...

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Lenders are increasingly moving to take action against borrowers as the COVID-19 pandemic continues and patience wears thin, Pryor Cashman LLP's hotel practice leader told Law360 in a recent interview. Todd Soloway, who leads the firm's hotel and hospitality group, said he expects to see more litigation, as well as more restructuring, as borrowers continue...

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