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LIVE - Real Estate Law Update 2023

Presented by the ISBA Real Estate Law Section

Chicago
Friday, November 17, 2023
ISBA Regional Office
20 S. Clark Street, Suite 900
8:55 a.m. – 4:30 p.m.

6.0 hours MCLE credit

Join us for this full day seminar that examines recent case law updates and legislative changes from the past year. Learn more about builder’s new construction contracts, commercial title insurance policies and endorsements, and ALTA surveys. In the afternoon, expand your knowledge regarding development agreements, commercial leasing, and environmental considerations in commercial transactions. Attorneys with all levels of practice experience will benefit from these updates and best practice tips regarding commercial transactions.

Program Coordinator/Moderator:
Laura L. Lundsgaard, Laura L Lundsgaard Attorney & Counselor At Law, Inverness


8:55 – 9:00 a.m. Welcome
Laura L. Lundsgaard, Laura L Lundsgaard Attorney & Counselor At Law, Inverness

9:00 – 9:30 a.m. Case Law Update
Get the updates you need on the most recent case law affecting real estate, as well as best practice tips and advice from our speakers.
Gary S. Mueller, Gary S. Mueller & Associates Ltd. Joliet, IL

9:30 – 10:00 a.m. Legislative Update
Learn about real estate-related legislation that has passed during the 2022-2023 session.
Bruno W. Tabis, Huck Bouma P.C., Wheaton

10:00 – 10:15 a.m. Break (beverages provided)

10:15 – 10:45 a.m. Builder/Construction Contract Overview
Join us for a review of an example builder’s contract. Learn about some differences that might be found in a builder’s contract as compared to a standard real estate transaction, special issues to consider whether you are representing the builder or the buyer, as well as provisions to be look out for that may cause concern.
Bob Floss II, Floss Law, Northbrook

10:45 – 11:45 a.m. Commercial Leasing
This segment provides a primer on different types of leases, including ground leases, office leases, and retail leases, provide a close look at triple net leases, and discusses the red flags that every practitioner should be aware.
Emily R. Vivian, Ehrmann Gehlbach Badger & Considine LLC, Dixon
Jillian M. Clark, Byron Carlson Petri & Kalb LLC, Edwardsville

11:45 a.m. – 12:15 p.m. Alta Surveys
Learn about current ALTA Survey requirements, how ALTA surveys should be utilized in purchasing and/or developing commercial real estate, and how ALTA surveys may be used to obtain extended coverage.
Ted M. Niemann, Schmiedeskamp Robertson Neu & Mitchell, LLP, Quincy

12:15 – 1:15 p.m. Lunch (provided)

1:15 – 2:15 p.m. Development Agreements; How Big Projects Get Built
This presentation provides insight into how to structure real estate development projects through use of two different types of development agreements. One, community development agreements between a municipality and a project developer for use of public money to fund private development – so called ”public/private partnerships”; and, two, project development agreements between a developer and its investors to fund the equity component of a development project (while keeping a focus on satisfying the project lender).
R. Kymn Harp, Robbins DiMonte Ltd., Chicago

2:15 – 3:15 p.m. Commercial Title and Endorsements
Don’t miss this in-depth look at commercial title insurance policies and how they differ from residential policies, common commercial policy endorsements, title clearance, and best practice tips.
Ted M. Niemann, Schmiedeskamp Robertson Neu & Mitchell, LLP, Quincy
Tiffany Gorman Thompson, Fidelity National Title Company, Joliet

3:15 – 3:30 p.m. Break (refreshments provided)

3:30 – 4:30 p.m. Environmental Consideration in Commercial Real Estate Transactions
This segment discusses contract clauses, including representations, warranties, indemnities, releases, covenants not to sue, “as is” transactions, pre- and post-closing covenants, escrows, due diligence, and qualifying as an innocent purchaser or a bona fide prospective purchaser under state and federal law.
William J. Anaya, Greensfelder Hemker & Gale P.C., Chicago

Please Note: Your registration includes access to electronic PDF course materials only. Please bring a laptop, tablet, or phone to the program - as well as your ISBA login credentials - to access the course materials during this seminar. You may also download or print the materials prior to the seminar. Printed course materials may be purchased when registering for the seminar, but will not be mailed out to you until after the program so that they contain all final handouts.
Purchase Printed Course Materials
By registering for and attending this ISBA event or program I affirm that:
  • I will comply with all state and CDC guidance related to hand sanitation, social distancing, and use of face coverings as appropriate for my vaccination status;
  • If applicable, I will follow more stringent local or venue requirements regarding hand sanitation, distancing, vaccination, testing, and face coverings in place at the location, and at the time of, the meeting.
  • I will not attend the event or program if I have tested positive for COVID-19, am experiencing symptoms of COVID-19, or have been in close contact with someone who has COVID-19. If at any time I begin to experience symptoms of COVID-19, or am in contact with someone experiencing symptoms, I will immediately leave the event or program;
  • I understand that there is an inherent risk of exposure to COVID-19 in any public place or gathering, and that recommended safety protocols continue to evolve. I agree to waive and release any and all claims I, or my guests, may have against the ISBA arising out of or connected in any way with exposure to Covid-19 (and its variants) at the event or program.

Program Information

  • Fees (lunch provided):
    • ISBA Member - $155
      • ISBA sponsoring section members get a $10 registration discount (which is automatically calculated in your cart when you log in to register).
  • An additional $15 fee is charged for registrations on or after Thursday, November 9, 2023
  • Please Note: MCLE credit is available to registrants only on the day of this live event – and you must attend the entire program to earn MCLE credit. All registrants will receive access to a recording of the event a few days after the program, but credit is NOT available for the recording.
  • From time to time at ISBA CLE events, the ISBA, it’s vendor partners, or others may take photographs or video of participants, attendees, and guests for use in their marketing or promotional materials or news publications. By registering for this event, you are consenting to the use of your, and your guests’, photograph, video-recorded likeness, and name without compensation. Any photographs or video taken will be the sole property of the ISBA or entity taking the photograph.