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David H. Sachs Chair | Real Estate Group
  • D 312.606.3249
  • F 312.267.2250
dsachs@hmblaw.com
David H. Sachs
"First and foremost I try to be a counselor to my clients. I believe this requires developing a trusting relationship with them so that together we can move through a transaction or solve their problems in a way which is particularly suited to them. My broad real estate and in-house experience, along with my corporate and litigation background, helps me provide clients with a long term practical perspective which extends beyond the current project or problem."

David is a partner at HMB and the Chair of the firm’s Real Estate Group. He focuses his practice on helping clients purchase, sell, develop, lease, manage, finance and construct all types of property, including industrial, mixed-use, multifamily, commercial, office and vacant land sites. His practice extends to environmentally-challenged and financially distressed properties.

With over 30 years of experience in real estate, David’s clients include real estate developers, investors, property managers and entrepreneurs as well as wealthy individuals and closely-held companies with real estate interests or related matters.

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As general counsel for a real estate holding company, David personally negotiated contracts with general contractors, subcontractors and vendors and supervised construction projects in the field.  He also negotiated leases directly with the tenants and handled day to day tenant relationship and property management issues. This hands on experience allows him to provide practical advice to clients with construction and landlord tenant related issues.

David also has extensive experience representing restaurant owners, operators and chefs in establishing, purchasing, selling and leasing restaurants. He also regularly advises his clients regarding the contracts, licensing, endorsement and distribution agreements which accompany these ventures. His real estate and corporate experience allows him to play a key role in assisting his clients with their restaurant-related matters.

Corporate and Litigation Background

David’s practice reaches well beyond that of a typical real estate attorney. Since the beginning of his career, and in particular while serving as general counsel for a manufacturing company, he has represented many individuals and closely-held companies with their business formation, day to day business issues and purchase and sale of companies. He also handles litigation involving real estate contracts, property and construction disputes, landlord-tenant cases, foreclosure and mechanic’s lien matters.

David’s clients trust that no matter how complex their projects become, they can depend on him for efficiency and practical advice while ensuring their unique needs and goals are always paramount. Clients rely on David’s counsel for their overall business decisions and strategies.

 

Education

Chicago-Kent College of Law, Illinois Institute of Technology, JD

University of Illinois, B.A. in Economics

Admissions

Illinois

Publications

  • Chicago City Council Passes New COVID-19 Residential Eviction "Moratorium" OrdinanceJune 23, 2020

    On June 17, 2020, the Chicago City Council passed the “COVID-19 Eviction Protection Ordinance” (Ordinance O2020-3501), enacting a provisional moratorium on evictions based upon the failure to pay rent if the tenant has suffered any loss, reduction or delay in receipt of income or employment attributable to COVID-19 (a “COVID-19 Impact”).  Under the terms of the moratorium, a landlord pursuing…

  • Restrictions on Commercial EvictionsMay 5, 2020

    Illinois Governor J.B. Pritzker’s Executive Order 2020-30 issued on April 23, 2020 in response to the COVID-19 pandemic offers relief to commercial tenants throughout the state by placing restrictions on evictions of commercial tenants. Following in the footsteps of New York and California, Gov. Pritzker banned state agencies from enforcing evictions of all non-residential premises unless “the tenant has been…

  • IRS Grants Extensions for Like-Kind (Section 1031) ExchangesApril 13, 2020

    In Treasury Department Notice2020-23 (released April 9, 2020) and Internal Revenue Service update to Notice2020-18, the IRS provided additional relief for taxpayers amid the COVID-19 crisis by extending key deadlines for Like-Kind (Section 1031) Exchanges.  Specifically, the Notices extended some of the due dates related to the identification and final exchange periods.  These time periods are generally 45 days and 180…

  • 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…

  • 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…

News

  • HMB Announces 2020 Practice ChairsJanuary 8, 2020

    Chicago, IL January 8, 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 the 2020 Practice Chairs. John W. Guzzardo will lead the firm's Litigation Group, taking over for Rick S. Rein. As a practice group leader, John…

Education
  • Chicago-Kent College of Law, Illinois Institute of Technology, JD
  • University of Illinois, B.A. in Economics
Admissions
  • Illinois
500 West Madison Suite 3700
Chicago IL 60661

Phone: 312-606-3200 Fax: 312-606-3232
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