Calvo Law Offices, P.C

10/07/2022

Back with another blog! This week we talk about the advantage of closing on a commercial property during due diligence.

A few years ago I purchased an office building from an older seasoned commercial real estate developer. This developer had a long relationship with an older experienced retired commercial real estate attorney who represented him in our transaction. Our purchase and sale contract was similar to most....

05/04/2022

NEW BLOG!
The nature of due diligence in a commercial transaction requires significant attention to detail that can be tedious and time consuming. A great starting point is to collect from the Seller documents and reports concerning the property that already exist. Read more at https://lnkd.in/e5GS6PN8

04/20/2022

Every CRE Investor should inspect the target property early due diligence. This may seem like a simple, basic and fundamental item that no Investor would skip but surprisingly many Investors will make this mistake and invest millions of dollars buying an asset they have never seen. This mistake is made by both novice investors as well as seasoned pros.

Read more... https://www.jamescalvolaw.com/post/sitevisit

04/11/2022

Mindlessly using dated language in a lease is an expensive mistake. Landlords should begin all leases with the starting point that all lease payments are to be made by ACH transfer. Read more on

For decades or perhaps centuries commercial leases universally discuss in one of the first few paragraphs tenants monthly rent payment obligation defining the amount: "tenant shall pay $1,000 per month in rent on or before the first day of each month." The statement of monthly rent is commonly follo...

04/06/2022

NEW BLOG!

Almost every Seller is aware of the vexing and common practice of Buyer's attempting to renegotiate the agreed to purchase price in the sale of commercial properties. Buyer's attempts to "retrade" are a common practice. However, Seller's often fail to take any steps or employ any strategies to combat retrading.

https://www.jamescalvolaw.com/post/sellerstrategies

04/01/2022

We agree with Tim Callahan that right now is a good time to invest in high quality office assets in Chicago. The office market is currently down with sentiment that work from home will be the new norm. Great businesses were built by people working together collaborating to solve problems and find solutions. Dispersed teams coasting on past successes face the threat of new competitors working together striving to succeed. The right time to invest in a market is when it is down for temporary reasons.

Tim Callahan is returning to the downtown Chicago office market with the skyscraper at 110 N. Wacker Drive, a deal that values the glassy tower at more than $1 billion.

04/01/2022

Exciting new things coming to jamescalvolaw.com! Stay tuned for our first blog post next week.

03/22/2022

Questions about commercial real estate transactions visit our website https://jamescalvolaw.com or call (630) 857-3788.

Calvo Law Offices, P.C. is a full service real estate firm focused on assisting commerical property owners and tenants navigate the complexities of buying and renting office space.

03/10/2022

Calvo Law Offices, P.C. is a full service real estate firm with over 30 years experience representing buyers and sellers of commercial property, negotiating leases for both landlords and tenants and litigating real estate issues.

Call us today!
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(630) 857-3788