Real Estate

Better Development Happens with like-minded advisors

Real estate is a business endeavor, often serving as the cornerstone of your wealth and success. However, ownership of and investment in real property is wrought with potential pitfalls that can cost you time and money.

Our attorneys are more than your legal advisors. We are business advisors who happen to be real estate attorneys, combining a commercial and legal mindset for all your acquisition, operation, leasing, financing and development needs.

Seeing Past the Transaction

We work with you throughout the entire process of creating and maximizing the value of your real estate portfolio and deals—from developing the right real estate asset strategies to setting up organizational structures and joint ventures. The value we provide extends past your real estate transaction. We pursue deals with a business-first approach to provide the most efficient outcome for your business.

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The Right Fit

We are a midsized firm with the depth of experience to handle complex, “big law” real estate deals. Our clients like this because their deals get done fast, they are served more cost- efficiently and they work directly with a principal at HMB.

We represent real estate developers, charitable institutions, tenants, landlords, brokers, institutional investors and property managers involved in a wide range of projects such as office buildings, public works, industrial parks, manufacturing sites, retail centers, affordable housing and multi-family residential buildings.

We’ve Been There Before

You need a team that has walked in your shoes. As former in-house counsel, investors and practitioners, we know what it takes to get your projects completed. Our team routinely works across the finance, tax, litigation and corporate matters that arise on sophisticated real estate deals. And we look to connect you to new deal opportunities whenever they present themselves.

A Warning: Cook County Assessor's Real Property Income and Expense (RPIE) LetterFebruary 26, 2020

The Cook County Assessor’s Office has recently begun mailing invitation letters to solicit participation in its Real Property Income and Expense (“RPIE”) system. The goal of the system is to collect extensive data to assess commercial properties in Cook County. It utilizes both an online portal and mailed forms for data collection. The Assessor will target properties used for the…

HMB Elevates Grant Hendricks, David Machemer and Tim Rybicki to PartnerJanuary 8, 2020

Chicago, IL December 12, 2019 HMB Legal Counsel, a preeminent provider of legal services in Business and Finance, State and Local Tax, Trusts and Estates, Bankruptcy, Reorganization and Creditors' Rights, Real Estate and Litigation announced that three associate attorneys were elevated to partner. Grant R. Hendricks Grant is a member of the firm's Private Client, Trusts and Estates Group. He…

New "Just Housing Ordinance" Changes Tenant Screening Procedures in Cook CountyDecember 10, 2019

Ordinance Prohibits Initial Inquiry of Tenant Criminal History On April 25, 2019, Cook County Commissioners approved an amendment to the Cook County Code, known as the “Just Housing Ordinance," that prohibits the denial of a tenant’s application or continuing occupancy of residential real property based on criminal convictions. Specifically, landlords may no longer inquire about, consider, or require disclosure of…

New Higher Majority Requirement for Condominium Deconversions in Chicago - Here's What You Need to KnowSeptember 20, 2019

Chicago Passes New Legislation Effective Immediately On September 18, 2019, the Chicago City Council unanimously passed a new ordinance that increases the percentage of owners required to approve the sale of a condominium building in the City. The ordinance, introduced by Alderman Brendan Reilly (42nd Ward), increases the required unit owner vote on a deconversion condominium sale to 85% of…

Illinois Appellate Court Holds Entities Must Be Represented By an Attorney At Administrative HearingsApril 25, 2014

Illinois Appellate Court Holds Entities Must Be Represented By an Attorney At Administrative Hearings A recent decision by the Illinois Appellate Court held that corporations may not represent themselves at administrative hearings, but instead must be represented by an attorney. In Stone Street Partners, LLC v. The City of Chicago Department of Administrative Hearings, Case No. 12 M1 450026, Stone…

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