Lawrence S. Adelson

Of Counsel

Lawrence S. Adelson

Larry Adelson brings 20 years of corporate and real estate experience to Chico and Nunes, P.C. Mr. Adelson was Chief Executive Officer of CMC Heartland Partners, a publicly listed real estate partnership. He has also been Chairman and Chief Executive Officer of Heartland Technology, an AMEX-listed electronics manufacturing company, and VP-General Counsel of Chicago Milwaukee Corporation, a NYSE-listed diversified holding company. Mr. Adelson has been a director of public and private companies. he has acquired and sold operating companies. He has developed major mixed-use, residential and commercial projects.

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

  • Hotel Portfolio: Representation of seller of three hotels.
  • Fast Food Portfolio: Representation of buyer of 23 fast food restaurants.
  • Kinzie Station: 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 former rail yard. Built and sold 25-story high rise condominium building as first phase of Kinzie Station in Chicago's West Loop.
  • Miller Park: 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

  • $40 Million multi-state sale-leaseback refinancing of charter school facilities
  • Co-Bond Counsel for $425 million Industrial Development Bond financing of properties in 25 states. Local counsel for Illinois and Wisconsin.

Restructuring Assignments

  • $41 Million hotel loan modification
  • Buy-out of minority owner of large, diversified, privately-held business group

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.

Admissions

  • Illinois
  • Wisconsin

Education

  • J.D., Harvard Law School, Cambridge, MA (1975); Editor, Harvard Law Review (1973-75)
  • B.A. (Highest Honors), University of Michigan, Ann Arbor, MI (1972)
  • Student at Large, University of Chicago, Chicago, IL (1970)