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The Dirt Lawyer's Blog
http://dirtattorney.blogspot.com
Musings on commercial real estate transactions in Chicago and beyond
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Like I was sayin' -- mixed signals, but...
...I see more positive signs than negative. See this CoStar review for a nice wrap-up.The big negative? Jamie Dimon thinks the credit crunch is ending (and so do I, based on what my clients are telling me about their summer pipeline) but that we ma...
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Yes, I read this op-ed correctly.The theory?Although it is will be painful, the only long-term solution to the credit crisis at hand and the America's economy in general is to allow much higher interest rates, which will begin to redirect capital awa...
Wow - an honest assessment
It takes guts to say, "I don't know." As a lawyer I have to do that sometimes. Yes, the answer to a question is just not always in my head or at my fingertips and I may have to look in a book to make sure my gut instinct (if I have one) is right. ...
And your survival plan is?
NetGain Real Estate has an interesting article out about getting through the next twelve months in CRE. It says the turnaround may take longet than we think because of the consumer part of the economy (I'm not so sure about that), and also "believes...
Ground leases...oh joy, oh rapture
I've done a ground lease deal or two in my time. They are fun. But if you are buying a building subject to a ground lease you have to make sure you comply with the lease terms or you may have to face the consequences.Such is the case at the Drake H...
