Commercial Real Estate Transactions
Commercial real estate transactions come in a variety of shapes and sizes. A start-up company is ready to purchase its first storefront office building. A major real estate developer seeks to buy or sell a shopping plaza. A successful manufacturer needs to finance the expansion of its industrial plant. A campus-based nonprofit social service agency wishes to construct a series of independent living facilities. When purchasing, selling, financing, leasing, or developing commercial real estate, individuals, businesses, and nonprofit organizations are confronted with numerous legal issues, including choice of ownership entity, loan structuring, acceptability and insurability of title, development and environmental regulations, and tax consequences.Related Services
The attorneys in MacDonald Illig’s Real Estate Practice Group regularly represent sellers and purchasers of commercial real estate, developers of subdivisions, condominiums, and commercial properties, and businesses and nonprofit organizations acquiring or expanding their facilities. Commercial lenders and borrowers regularly rely on our real estate finance team to prepare and negotiate real estate loan and collateral documentation. Among the other types of matters with which our real estate lawyers regularly assist our commercial real estate clients are closings and settlements; property tax assessments, exemptions and appeals; land use, zoning, and subdivision matters; and insuring of real estate titles and curing of title defects.
Whether drafting a complex purchase and sale agreement, negotiating financial and negative loan covenants, or reviewing the quality of a seller’s or borrower’s legal title to a piece of commercial real estate, MacDonald Illig’s team of real estate lawyers has the depth and breadth of experience to understand the issues, anticipate the challenges, and deliver quality service in a timely manner.