Lawrence S. Adelson

Of Counsel

Lawrence S. Adelson

Of Counsel

Phone

(312) 884-5635

Email

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Practice Areas

Larry Adelson brings 20 years of corporate and real estate experience to Chico and Nunes, P.C. He represents railroad clients in land use, contracts and arbitration proceedings.

Mr. Adelson was Chief Executive Officer of Heartland Partners, a publicly listed real estate partnership. He has developed major mixed-use, residential and commercial projects across the United States. He has substantial experience with distress situations, particularly those involving real estate.

Mr. Adelson has been Chairman and Chief Executive Officer of an AMEX-listed electronics manufacturing company, and VP-General Counsel of a NYSE-listed diversified holding company. He has also been a director of public and private companies, and has acquired and sold operating companies.

A graduate of Harvard Law School, Mr. Adelson has been Chairman or President of a number of civic organizations in Chicago and Milwaukee. He also appeared as an “expert” on the Onion News Network’s coverage of the 2012 Mayan Apocalypse.

Real Estate Transactions

Corporate Headquarters: Represented a global corporation in the relocation of its headquarters to Chicago
Fast Food Portfolio: Represented buyer of 23 fast food restaurants
Mixed Use: Negotiated planned Development, tax increment financing, and air rights for 2,000 residential units, public parklands and 80,000 square feet of retail space, including a Jewel/Osco supermarket for a former rail yard. Built and sold a 25-story high-rise condominium building as the first phase of Kinzie Station in Chicago’s West Loop.
Public/Private: Structured land exchange and reciprocal operating agreements with state and local government agencies for 140-acre property next to Miller Park baseball park in Milwaukee, WI

Financing Transactions

Co-Disclosure Counsel for $1.8 Billion airport revenue bond issue
Co-Bond Counsel for $425 million Industrial Development Bond financing of properties in 25 states
Local counsel for Illinois and Wisconsin
Underwriter’s Counsel for $800 million municipal water and sewer bonds issues

Bankruptcy / Restructuring

Railroad: Represented Trustee in successful reorganization of Class 1 railroad
Technology Company: Negotiated prepackaged liquidation plan under Chapter 11 for publicly traded electronics manufacturer
Real Estate Company: Paid secured creditors, made cash distributions to partners, set up liquidation trust and hired trustee for listed real estate partnership
Receiver-represented court-appointed Receiver for a portfolio of defaulted Lehman Brothers multifamily loans

Representative Transactions

Assisted in purchase, financing and land use entitlements for the development of four Charter schools at two sites.
Represented one of the nation’s largest utility companies in various matters including lease negotiations, zoning and building approval for the development of a new 30-acre center in Metropolitan Chicago.
Represented one of the nation’s largest Spanish language radio companies in the development of its local facilities.
Served as co-underwriter’s counsel in the issuance of $1.5 billion of municipal bonds for the expansion of O’Hare International Airport.