News & Resources

Category: Construction & Commercial Blog

Nov 18, 2016

10 Issues Sellers Should Remember When Negotiating A Contract To Sell A Commercial Building

By: Robert Bramlette, Income Member 10 issues sellers should remember when negotiating a contract to sell a commercial building are: Qualified Buyer: Make certain that the broker is only bringing you “qualified” buyers. You don’t want to waste time and expense negotiating with buyers who can’t get a mortgage. Earnest Money: Ask for […]

Nov 9, 2016

New Decision Locks In More Risk To Subcontractors In Indemnity Agreements

By: Geoff Bryce, Managing Partner 933 Van Buren Condominium Association vs. West Van Buren, LLC, et al, 216 Il.App. (1st) 143490, held that a roofing subcontractor was required to defend a real estate developer for claims asserted by the condominium association against the developer for defective roof construction and subsequent […]

Aug 29, 2016

Illinois Owner Prevented From Withholding Mechanics Lien Payments Despite Inclusion Of Unwarranted “Extras”

By: Werner Sabo, Of Counsel When a subcontractor in Illinois files a mechanics lien, does the owner have the right to withhold payment to that lien claimant if the work was properly performed? What if the lien includes “extras” for which the lien claimant is not entitled? In Roy Zenere […]

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