BUPD Law assists a wide range of clients in navigating through the complexities and nuances of real estate transactions in Chicago as well as, nationally and internationally. For more than 45 years, our attorneys have leveraged their knowledge and experience to guide and support our clients, including property and business owners, developers, investors, pension, hedge and private equity funds, family offices, syndicators, lenders, financial institutions, insurance companies, tax-exempt organizations, and individuals, through growth, acquisition and development strategies as well as the management of risk involved in real estate deals.

Our real estate and corporate attorneys have the experience and practical judgment to provide clients with an array of real estate services from acquisitions and dispositions, to financing, mergers, and real estate development, restructuring and workouts. BUPD Law attorneys have the experience and practical judgment to guide clients through complex and, at times, challenging business transactions.

With a diverse and extensive client base serving industrial, residential, condominium, hotels and hospitality, commercial, and mixed-use projects in both urban and suburban locations, we counsel our clients on a wide range of real property matters. Such matters include zoning, land use, property, and project development and redevelopment plans. In addition, our real estate group advises clients on real estate tax, real estate tax assessment appeal, and reduction matters.

We are proud of our proven track record and long history of successfully representing real estate developers and lenders, including private equity interests, construction loan negotiations, permanent financing, mezzanine financing and documentation. Our real estate and corporate services encompass the full range of transactions associated with real property. 

Acquisitions and Dispositions

We handle all aspects of real estate acquisition and disposition transactions, from the formation of partnerships and other types of companies to negotiating the agreements necessary to successfully complete the transaction, such as joint ventures, purchase and sales, as well as any related tax issues.

Development

We represent and provide guidance to real estate developers, investors, syndicators, lenders, financial institutions, insurance companies, pension funds, tax-exempt organizations, business owners, and individuals on a wide range of development projects from project inception through closing and beyond. We are aware of the economic factors involved in new projects, the importance of an open line of communication, and the demands of lenders and investors.

Condominium Law

Transforming a developer’s concept and inspiration into a thriving and profitable condominium requires sound knowledge and experience. Partnering with the right developers, owners, associations, lenders, receivers and unit purchasers from the start of a project through the final conversion is imperative for a developer to have a profitable project. We have successfully represented clients on mixed-use developments, including residential, hotel, retail, office, and parking condominiums. We also have significant experience with new construction and converted condominiums in various stages of development.

Our commercial leasing practice strives to provide timely, practical, and comprehensive leasing support that our clients require. Our team approach to property management issues benefits and guides our clients through the cost control, negotiations and preparation involved in the leasing of retail, office, and industrial projects.

Hospitality and Hotels

We represent owners, developers, investors, operators, and lenders in a broad range of hospitality matters, including hotel acquisitions and dispositions, financing, development, management and operating agreements, licensing and permitting, and mixed-use developments. Our attorneys provide practical legal guidance throughout every stage of a hospitality project, helping clients navigate complex transactions while protecting their business interests and investment objectives.

Land Use and Zoning

When dealing with any real estate project, a thorough knowledge for and understanding of the legal, governmental, and political conditions is paramount. We help property owners and developers obtain necessary planning and zoning approvals, zoning changes, and permits. Our attorneys have the breadth and depth of experience and aptitude to handle land use and development entitlements, permits and licenses, governmental financial assistance and other incentives as well as municipal government approvals and property and project development plans.

Financing and Investing

Our real estate and corporate attorneys represent lenders, borrowers and receivers with construction loans, mezzanine financing, and permanent financing and conduit loans. We have undertaken mergers, joint ventures, private equity and other structured finance options.

Tax Assessment

We represent corporate, partnership, and limited liability companies, joint venture arrangements and business ventures in a variety of industries including manufacturing, private equity, environmental, hospitality, telecommunications, technology, transportation and other commercial sectors. We assist clients with the tax implications associated with corporate and business entity formation, joint ventures, contracts and business operations, mergers and acquisitions, divestitures, venture capital transactions, equity, debt, buy-sell, and shareholder matters as well as operating and other agreements.

Tax Controversies and Appeals

BUPD Law’s Tax Controversy practice includes the ability to represent clients in a variety of business matters, whether counseling clients during tax audits, pursuing administrative appeals of audit results, or litigating tax matters at the trial court or appellate court level. Clients hire BUPD Law because of our experience and our ability to know how and when to litigate tax matters.