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Chicago Real Estate Development Lawyers
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At the O’Leary Law Firm, John J. O’Leary has helped real estate developers, architects, contractors, subcontractors, and property managers throughout Chicagoland respond to market forces, capitalize on growing trends, and protect their real estate development and construction businesses for more than 20 years. He works with clients to address the complexity of the new challenges that arise in the current market as well as the perennial issues – construction and structural defects, construction delays, unanticipated site conditions, design changes, financing requirements and tenant build out provisions – which regularly arise in real estate developments and construction projects.

News and Updates
Contractors Beware! The Illinois Home Repair and Remodeling Act Can Make you Work for Free.
A Recent Decision in the Circuit Court of Cook County dismissed a home remodeling contractor’s claim for $85,000 because he didn’t give the homeowner a Consumer Rights Brochure.
12.07.08 Read More
Construction Specifications Institute (CSI) UniFormat revision
The Construction Specifications Institute (CSI) has released the first draft of a revision to the 1998 version of UniFormat for public comment. The construction community is invited to comment on the draft. All comments received before June 15, 2008, will be considered by the UniFormat Task Team. You can find the draft at www.csinet.org/uniformat
4.17.08 Read More
Chicago Real Estate Transfer Tax
On February 6, 2008 the Chicago City Council amended its existing real property transfer tax ordinance to increase the rate of tax from $7.50 per $1,000 of value to $10.50 per $1,000 of value, a 40% increase in the tax rate. The increased rate went into effect April 1, 2008.
2.6.08  
New Illinois Radon Law – What Builders and Homeowners Need to Know
Illinois Legislature passed the Illinois Radon Awareness Act (Public Act 95-0210) effective January 1, 2008. The Act applies only to the sale of residential real property; involves no obligation on the seller to conduct radon testing or mitigation efforts; requires a disclosure be signed by the seller, buyer and real estate agent (if any) at the time the contract is signed and a "radon pamphlet" to be provided; and provides certain exemptions to the required disclosures.
1.1.08  
City of Chicago Water Certifications Fees for Condominiums
On Monday, December 17, 2007 the City implemented several changes to the procedure for obtaining Water Department certification. This certification is one of the prerequisites to the purchase of City transfer tax stamps.
12.17.07 Read More
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