(For this past program, we offer two options for purchase: a Homestudy (DVD and written materials) or written materials alone.)
Attorneys, lenders, owners, investors, guarantors, developers, agency officials and others involved with distressed real estate
As a result of the turmoil in the national and local economies, and the lack of liquidity in the capital markets, there has been a dramatic increase in workout activities in the commercial real estate arena. Real estate values in all segments of the industry have plummeted, and even owners of stabilized assets are unable to refinance existing indebtedness.
Lenders have taken an increasingly aggressive approach to these problems and all stakeholders are seeking creative solutions for solving the deleveraging of the real estate industry.
This combination of problems, at a level unprecedented in our lifetime, has created a "perfect storm" that calls for creative and innovative approaches for resolving defaults through modifications of existing contract terms and other workout concepts.
This seminar will provide a solid grounding in the remedies that are available for effective workouts and is a must for those who anticipate being involved in a commercial real estate workout, either as a lender, developer, contractor, realtor, landlord, tenant, lawyer or consultant representing any one of them.
~ James L. Beard, Esq. and Robert J. Labate, Esq., Program Co-Chairs
James L. Beard, Esq., Program Co-Chair
DLA Piper / Chicago, IL
Robert J. Labate, Esq., Program Co-Chair
Holland & Knight LLP / Chicago, IL
A review of today's national commercial real estate markets; projections for 2010
Stephen Livaditis, Senior Managing Director
Eastdil Secured, LLC / Chicago, IL
Methods of acquiring and selling legacy debt and portfolios
Francis L. Keldermans, Esq.
Holland & Knight LLP / Chicago, IL
Best practices for recovering real property: Forbearance agreements; deeds in lieu/foreclosure; assignments for benefit of creditors; pre-bankruptcy workouts; adapting the strategy to the type of property
Robert J. Labate, Esq., Program Co-Chair
Holland & Knight LLP / Chicago, IL
Kurt M. Carlson, Esq.
Much Shelist Denenberg Ament & Rubenstein, P.C. / Chicago, IL
Mark Hale, Esq., Senior Vice President
Hinsdale Bank & Trust Company / Hinsdale, IL
Alex D. Moglia, Esq., President
Moglia Advisors / Schaumburg, IL
Best practices for handling title issues for distressed commercial real estate; addressing issues that arise when trying to obtain title insurance post judicial foreclosures or deed in lieu
V. Gina Giannelli, Esq., Associate Regional Counsel
Chicago Title Insurance Company / Chicago, IL
Key sources of lender liability risk in commercial real estate workouts and practical tips for reducing that risk
Teresa Wilton Harmon, Esq.
Sidley Austin LLP / Chicago, IL
Gerard D. Kelly, Esq.
Sidley Austin LLP / Chicago, IL
Lee M. Smolen, Esq.
Sidley Austin LLP / Chicago, IL
New and developing practices and provisions based on recent experience: Material adverse change clauses; new practices; odd-ball problems that come up, like a letter of credit from a bank that's just been taken over by the FDIC
James L. Beard, Esq., Program Co-Chair
DLA Piper / Chicago, IL
David B. Sickle, Esq.
DLA Piper / Chicago, IL
Funding and structure of commercial real estate deals
Jon Winick, President
Clark Street Capital / Chicago, IL
There is a $25 cancellation fee for Course Materials orders and $50 for Homestudy orders
This program qualifies for 6.5 IL CLE credits. Upon request, we will apply for CLE credits in other states and other types of credits.
Our complete Homestudy Course, consisting of a DVD recording and the course materials (either a binder or searchable CD), is available for $705. The course materials alone are available for $100. We will ship your Homestudy order via UPS ground within two weeks after the seminar or from the date we receive payment.
Order Homestudy
James L. Beard, Program Co-Chair, partner at DLA Piper, focuses on commercial real estate, including acquisitions and dispositions, financing, joint venture formation, construction contract negotiation, leases, and represents developers and institutional lenders in restructuring and workout of troubled real estate projects. He is listed in "Chambers" and is a "Super Lawyer."
Full bio and contact info for James L. Beard at DLA Piper
Robert J. Labate, Program Co-Chair, partner at Holland & Knight LLP, represents creditors and debtors in complex corporate restructurings in Chapter 11 cases and under consensual, out-of-court workout agreements. He is a "Super Lawyer" and is listed in "Chambers " and "Best Lawyers."
Full bio and contact info for Robert J. Labate at Holland & Knight LLP
Kurt M. Carlson, principal at Much Shelist Denenberg Ament & Rubenstein, P.C., focuses on business litigation, workouts, insolvency proceedings, and bankruptcy reorganization cases and liquidations. He is Chair of the firm's Creditors' Rights, Insolvency & Bankruptcy Group and a leader of the Financial Crisis Response Team.
Full bio and contact info for Kurt M. Carlson at Much Shelist Denenberg Ament & Rubenstein, P.C.
V. Gina Giannelli, Associate Regional Counsel for the Chicago Commercial Center of the Chicago Title Insurance Company, handles complex real estate transactions. She co-authored a chapter in the IICLE Commercial Real Estate Manual and wrote a chapter in the IICLE Attorney's Guide to Title Insurance.
Mark Hale, Senior Vice President at Hinsdale Bank & Trust Company, handles commercial real estate loan originations, restructurings and workouts on behalf of a Wintrust Financial Corporation affiliate.
Teresa Wilton Harmon, partner at Sidley Austin LLP, focuses on secured and unsecured lending transactions, asset securitization and structured finance, and financing transactions for electric utilities. She is an adjunct professor at the University of Illinois College of Law.
Francis L. Keldermans, partner at Holland & Knight LLP, focuses on commercial real estate loan transactions, workouts and foreclosures. He is a "Super Lawyer."
Full bio and contact info for Francis L. Keldermans at Holland & Knight LLP
Gerard D. Kelly, partner at Sidley Austin LLP, focuses on complex commercial litigation, at both the trial and appellate levels, including construction and other real estate litigation, class actions, and trust and estate litigation.
Stephen Livaditis is Senior Managing Director at Eastdil Secured, LLC. Eastdil Secured combines conventional real estate brokerage with the corporate finance and capital markets expertise of an investment bank.
Alex D. Moglia is President and lead restructuring professional of Moglia Advisors. He is on the Governing Board of the Commercial Finance Association Foundation and is a former member of the Board of Directors of the ABI, and founder and chair of its Finance and Banking Committee.
David B. Sickle, partner at DLA Piper, focuses on transactional real estate and finance, representing a wide variety of REITs, banks, developer and institutional clients. He is a "Leading Lawyer" and is listed in "Chambers."
Lee M. Smolen, partner at Sidley Austin LLP, head of the Chicago Real Estate Group and Co-Chair of the group internationally, focuses on commercial real estate, with an emphasis on workouts and restructurings, debt and equity financing, structured finance, acquisitions and dispositions. He is listed in "Chambers."
Jon Winick, President at Clark Street Capital, manages asset and advisory services, and is an expert in banking, real estate, lending, SBA and distressed debt.
