Real Estate Law News and Insights

A real estate development generally progresses through the following stages before construction can begin: Project planning; Forming an investment entity; Negotiating the development agreement; Negotiating the land acquisition and performing due diligence; Land use, zoning, and regulatory compliance; Retaining the contractor; Securing the financing; and Closing the acquisition and financing....

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In an episode of The Simpsons in the late '90s, Marge Simpson takes a job as a real estate agent to make some extra cash. She made her first sale by selling a big, reasonably priced home to the Flanders family. In her haste to close the deal and despite her better...

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The Chicago City Council approved a notable revision to the Zoning Ordinance geared toward reducing approval time and procedures for some developments. Ordinance 2023-5759 amends Section 17-13-0303 of the Zoning Ordinance on the procedure for seeking variations and administrative adjustments for projects subject to Type 1 rezoning applications. Previously, projects that...

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