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.

January 18, 2021

Condos and Common Interest Communities in Illinois — A Look Back and Suggestions for Going Forward

In this article published by IICLE (Illinois Institute for Continuing Legal Education), authors Brian Meltzer and Vickie Bresnhan (of Meltzer Purtill and Stelle / MPS), provide a comprehensive review of the history and likely future of legislation and trends regarding condominiums and CICs (common interest communities) in Illinois. As the authors of Chapter 5 of…

January 4, 2021

“Condolike Conversions” Coming to a Mall Near You

Author: Brian Meltzer

Introduction/Background Shopping centers and malls (collectively referred to herein as “Malls” or individually as a “Mall”) throughout the country were dealing with the effects of changing consumer buying habits due to the rise of online shopping, which was accelerated by the Corona virus. Big box retailers have been closing stores and filing for bankruptcy in…

December 30, 2020

Suggested Legal Structure for Owner/Occupied Affordable Housing Developments Using Blanket Mortgage Financing

Author: Brian Meltzer

Today, most newly constructed owner/occupant housing developments are governed by a condominium and/or non-condominium homeowners association (“HOA”) made up of the owners of the homes in the development. The housing crash and the great recession which followed (the “Crash”) exposed many flaws and weaknesses in the HOA model. See, Time to Rehab the Aging Condominium…

December 18, 2020

MPS Law Elevates Holly Shuman to Partner

Holly G. Shuman 300 South Wacker Drive, Suite 2300 Chicago, Illinois 60606 T: 312-461-4319 F: 312-987-9854 E: December 18, 2020 – Leading Chicago real estate law firm MPS Law has elevated associate attorney Holly Shuman to partner, effective January 1, 2021. The move capped a rapid rise through the ranks for Shuman, who clerked…

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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.”