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Larry N. Woodard

Larry Woodard is a partner in the firm’s Real Estate practice. He has depth and breadth of experience in virtually every facet of real estate law, representing such diverse clients as Fortune 500 companies, public and private REITs, family offices, private equity funds, pension funds, developers, regional and national banks, institutional investors, special servicers, institutions of higher education, units of local government, contractors, subcontractors, material suppliers, landlords, tenants, condominium associations, property managers, receivers, and real estate brokers across the United States.

Clients engage Larry to handle complex matters involving multiple parties, properties, and sources of capital, in the development, construction, leasing, management, financing, zoning, acquisition, and disposal of their real estate interests. Larry’s diverse practice includes virtually all asset classes, such as mixed-use developments, adaptive reuse developments, urban and suburban office complexes, shopping malls and retail centers, hotels and resorts, hospitals, senior housing, master-planned communities, wind and solar farms, and industrial and manufacturing facilities.

Coming from his roots in a family-owned construction company, Larry brings a unique perspective in approaching all engagements with efficiency, pragmatism, creativity, and care. He has been on all sides of the deal, handling every stage of the life span of a real estate project from concept and capital stack, to land use and economic incentives, through due diligence, financing and acquisition, during construction or redevelopment, to lease-up and disposition.

In addition, as complementary components to his real estate practice, Larry has significant experience obtaining economic incentives, structuring investment entities, forming and negotiating joint venture and syndication arrangements, engaging in loan workouts, deed in lieu agreements and foreclosures, as well as overseeing litigation strategy for mechanics lien, construction defect, creditors’ rights, and general real estate litigation.

Larry has been engaged as an expert witness, has authored over 20 articles, and is a frequent presenter and commentator on all aspects of real estate and construction law as a thought leader in the industry. He was named an adjunct professor for the Center for Real Estate Law at the University of Illinois Chicago Law School and is currently co-chair of the Chicago Bar Association Commercial Real Estate Law section. 

Prior to joining the firm, Larry was a partner at a national law firm where he led the construction planning practice group. 

  • Chicago Bar Association, Co-Chair, Real Property Law, Commercial Real Estate Section
  • Illinois State Bar Association, Real Property Section; Construction Law Section
  • Adjunct Professor of Law, Center for Real Estate Law at the University of Illinois Chicago Law School
  • Board Member, Park Ridge Soccer Club
  • Former Attorney Mentor, Business Transactions Externship Program, UIC Law School
  • Former Director, Circuit Court of Cook County, Fifth District Pro Bono Civil Legal Clinic  
  • Moderator, Future of the Chicago Suburbs, BISNOW, April 2022
  • Moderator, Chicagoland Property Management and Tech Outlook, BISNOW, October 2021
  • Moderator, Future of the Chicago Suburbs, BISNOW, June 2021
  • Moderator, Chicago Repositioning and Adaptive Reuse Summit, BISNOW, August 2019
  • Presenter, Commercial Real Estate Due Diligence, Lorman Education Services (“Lorman”) National Webinar
  • Presenter, Pre and Post-Foreclosure Due Diligence in Commercial Real Estate, Lorman National Webinar
  • Presenter, Management and Operational Issues in Commercial Leasing, Lorman National Webinar 
  • Presenter, The New AIA 2017 Contract Documents: Risk Allocations and Business Applications, live presentation 
  • Presenter, Fundamentals and Current Issues in Vertical Subdivisions, Lorman National Webinar 
  • Roundtable Discussion Leader, When REAs are DOA: Dealing with Expiring or Obsolete Reciprocal Easement Agreements, International Council of Shopping Centers (ICSC) Michigan Chapter, December 20012
  • Presenter, Construction Loans: Lessons from the Great Recession, live presentation 
  • Presenter, Commercial Real Estate Forum—Representing the Developer, Michigan State Bar Association 
  • Presenter, Use Clauses in Retail Leases: The Quest for Clarity, Lorman National Webinar 
  • Presenter, Real Estate Litigation for Transactional Lawyers: Your Guide to Complete Happiness and Fulfillment, PLI 16th Annual Commercial Real Estate Conference, Chicago, Illinois 
  • Presenter, REAL Dealings with Retail REAs, Lorman National Webinar 
  • Presenter, Navigating Loan Workouts and Short Sales for Commercial Real Estate, Lorman National Webinar 
  • Presenter, ALTA/ACSM Land Title Surveys, Strafford Publications (Strafford) National Webinar 
  • Presenter, Negotiating Remedies in Commercial Real Estate Agreements, Strafford National Webinar 
  • Presenter, Representations and Warranties in Commercial Real Estate Contracts, Strafford National Webinar
  • Presenter, Construction Contracts and Construction Escrows, Illinois Institute of Continuing Legal Education (IICLE)
  • Presenter, REO: Residential & Commercial Perspectives, IICLE 
  • Presenter, Conveyance through Assigning Beneficial Interests in Land Trusts: A Primer, Chicago Bar Association 
  • Presenter, Tips and Traps of Negotiating an Office Lease, Chicago Bar Association 
  • Presenter, Asset Protection for Contractors, Chicago Homebuilders Association
Additional Thought Leadership Pages
  • Construction Lending in Illinois, Lexis-Nexus Practice Note (late-2023 release)
  • Take a Memo! Why a Memorandum of Lease is Important, BISNOW, September 2021
  • Negotiating the Right Remedy in Commercial Real Estate Purchase Agreements, The Real Estate Finance Journal, Spring 2021
  • Are You Buried in Your Ground Lease? Issues Entering Into, Transferring and Financing Ground Leases, BISNOW, March 2021
  • Distressed Condominium Developments, Condominium Law (Illinois), Illinois Institute of Continuing Legal Education 2016
  • ILLINOIS CONDOMINIUM LAW, General Editor 2010-2012 Edition, Illinois Institute of Continuing Legal Education (IICLE)
  • Contractors’ Enhancement Claims in Mechanics Lien Cases: A Smaller Sliver of Pie, Illinois Bar Journal, 100 Ill. B.J. 46, January 2012
  • Brownfield Development: Government Money for Private Development (Chapter 8), (Co-author), IICLE Environmental Law in Corporate and Real Estate Transactions, 2011-2012 update
  • Representing a Homeowners’ Association Facing the Developer’s Bankruptcy, ABA Probate & Property Magazine, July/August 2010
  • Evaluating Bulk Sales Liability in Real Estate Transactions, Illinois State Bar Association Real Property Law, January 2009
Additional News & Event Pages
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