The American Bar Association’s Section of Real Property,
Trust and Estate Law in conjunction with:
The Arab-American Bar Association, Asian American Bar Association, Black Women Lawyers Association of Greater Chicago, Inc., Cook County Bar Association, Hispanic Lawyers Association of Illinois, Indian American Bar Association of Chicago, Korean American Bar Association, Lesbian and Gay Bar Association of Chicago, and Puerto Rican Bar Association present the….

2008 Fall Community Outreach Program:
A Real Estate Law Educational Program

General information:
This unique 12-week CLE accredited program is designed for beginning and intermediate real estate practitioners. It will cover the development of a mixed-use office and retail project covering all the basic steps--the economics, negotiation, title and survey issues, governmental issues, financing, leasing, etc. Space is limited, so register soon!

Dates:
Program held on the following Wednesday nights from 6-8pm:
September 10th and 24th
October 1st, 15th, 22nd and 29th
November 5th, 12th and 19th
December 3rd, 10th and 17th

All programs will take place at the American Bar Association, located at 321 N. Clark Street, Chicago, IL 60654. Room locations to be determined at a later date.

Cost:
$24.00 ($1.00 per CLE credit hour) - Fee includes course materials

Registration:
Please complete the registration form and return to Hillary Clark via email: clarkh@staff.abanet.org or fax: (312) 988-5262.

Curriculum:
The course is designed for beginning/intermediate real estate practitioners, and will be taught based on the following curriculum:

Development of a Mixed Use Office and Retail Project
Factual situation: Your client has located a downtown Chicago parcel which it wishes to acquire. The client proposes to construct a mixed use office, garage and retail facility on the site. The client has not decided whether to seek a joint venture partner to provide capital and/or other resources for the project. The client also has not decided whether it should hold the improved property as a long term investment, or sell all or a portion of it to an institutional investor after it is built and leased. You have been asked to represent the client in all aspects of the development.

Course Outline:
Week 1: The economics of real estate development—the goals and objectives of the real estate developer (speaker will be a developer)
Week 2: Negotiating the Contract on behalf of the Buyer
Week 3: Due diligence, title and survey
Week 4: Governmental benefits, zoning and approvals
Week 5: Design and Construction Documents
Week 6: Entity formation and joint venture issues
Week 7: Construction Financing
Week 8: Permanent Financing - Institutional loans and conduit loans
Week 9: Construction Issues; construction draw process; liens
Week 10: Issues of ownership; real estate taxes, property management; special circumstances
Week 11: Retail and office leasing-creating the lease forms; negotiating the leases
Week 12: The ethics of documenting and negotiating commercial real estate transactions.

Please contact Hillary Clark at clarkh@staff.abanet.org or (312) 988-5683 for more information.