Recent News and Transactions

Our roster of attorneys includes several whose professional insights and viewpoints are in demand, and publish frequently in law bulletins and industry publications. A sampling of recent articles and blog posts are linked here, along with press releases and announcements regarding MPS Law personnel and company news.

June 24, 2020

TEN THINGS TENANT BROKERS SHOULD DO IN LETTERS OF INTENT

Author: Scott Hargadon and Holly Shuman

As leasing attorneys for tenants, we read many letters of intent (“LOI”) as part of our job. Some are excellent, providing a concise description of the parties’ business deal. Others raise more questions than they answer. We applaud brokers who do a thorough job with LOIs because during the LOI negotiations, a tenant’s negotiating leverage…

June 22, 2020

TEN THINGS TO CONSIDER IN CO-WORKING AGREEMENTS

Author: By: Scott Hargadon and Holly Shuman

September 24, 2018; updated June 22, 2020 Co-working arrangements in lieu of typical office leases have been on the rise over the past five years. When we think of these arrangements, we typically think of startup companies, millennial workers, and open floor plans. However, many established companies now supplement their traditional office space with space…

June 16, 2020

Q&A: MICHAEL DASH OF CBRE ON “GETTING THE DEAL DONE”

Michael Dash is a vice-chairman of CBRE, the largest full-service real estate company in the world. Michael has worked with MPS Law partner Scott Hargadon for more than 20 years on hundreds of office lease deals, and also co-authored white papers with Scott on negotiating leases. He spoke with us in May on his relationship…

June 9, 2020

MPS LAW OFFICES REOPENING MONDAY JUNE 15

On Monday, June 15, the offices of Meltzer, Purtill & Stelle LLC will reopen for business. We will be fully staffed and ready to serve you at both our downtown Chicago and Schaumburg locations. To help ensure the health and safety of all, we have instituted the following guidelines and ask all visitors to comply…

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Recent Transactions

This section is devoted to a sampling of representative case summaries showcasing recent successes by MPS attorneys in both transactional and litigation arenas. Check back often for more results, as we update the list periodically.

Closed on the acquisition of a Rockford area site for a new store on behalf of a leading national big box retailer.

Closed a $35 million ADC loan for a Colorado bank financing residential development in the Denver metro area.

Assisted in the operational split between two co-owners of a significant franchise operation with over $40 million in annual revenues.

Obtained dismissal with prejudice of a bankrupt benefit recipient’s motion for sanctions against our client, a leading third-party claims and benefits administrator.

Engaged as Midwest regional outside counsel for a leading commercial real estate lender.

Facilitated the closing of a nearly $3 million asset sale for a household lift installation firm that we previously assisted in a major asset purchase over a decade ago.

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“We’re ready to take the next step. The first was leaving the big firm that was growing too fast. Then it was opening the Chicago office because we needed to grow. Now it’s a matter of changing to meet changes in the market – growing smarter, not bigger. That’s the next step and we’re taking it.”