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David H. Sachs Chair | Real Estate Group
  • D 312.606.3249
  • F 312.267.2250
dsachs@hmblaw.com
David H. Sachs
"First and foremost, I try to be a counselor to my clients. This requires developing a trusting relationship so we can move through their transactions and solve problems in the way best suited to them. This is key to developing a productive, long-term partnership. I believe my broad real estate, in-house, corporate and litigation experience helps me provide clients with a practical perspective extending beyond the current project."

David is a partner at HMB and Chair of the firm’s Real Estate Group. He focuses his practice on helping clients purchase, sell, develop, lease, manage and finance all types of property, including industrial, mixed-use, multifamily, commercial, office and vacant land sites. His practice extends to environmentally-challenged and financially distressed properties and complex construction projects.

With over 32 years of experience in real estate, David helps real estate developers, investors, property managers and entrepreneurs as well as wealthy individuals, closely-held companies and restaurant owners/operators with real estate interests and related matters. He also handles litigation involving real estate contracts, property and construction disputes, landlord-tenant cases, foreclosure and mechanic’s lien matters.

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David’s practice reaches well beyond that of a typical real estate attorney. He represents many individuals and closely-held companies with their business formation, day-to-day business issues and purchases and sales of companies. While serving as general counsel for a manufacturing and real estate holding company, he negotiated contracts with general contractors, subcontractors and vendors and supervised construction projects in the field. He also negotiated leases directly with tenants and handled day-to-day tenant relationships and property management issues.

Dependable Counselor with Deep Experience

David’s clients trust that no matter how complex their projects become, they can depend on him for efficiency and practical advice while ensuring their unique needs and goals are always paramount. Clients rely on David’s counsel for their overall business decisions and strategies and rely on his in-house background to provide practical advice to clients with construction and landlord tenant-related issues.

Education

Chicago-Kent College of Law, Illinois Institute of Technology, JD

University of Illinois, B.A. in Economics

Admissions

Illinois

Publications

  • Chicago City Council Approves Pilot Program for Creation of New Accessory Dwelling UnitsFebruary 26, 2021

    Beginning on May 1, 2021, Chicago will end its decades-long ban on the construction and conversion of certain accessory dwelling units when the Additional Dwelling Unit (ADU) Ordinance (“Ordinance”) goes into effect. WHAT YOU NEED TO KNOW The goal of the Ordinance is to establish new residential units that are sustainable and cost-effective while maintaining neighborhood character The Ordinance aims…

  • Chicago City Council Passes New COVID-19 Residential Eviction "Moratorium" OrdinanceJune 23, 2020

    On June 17, 2020, the Chicago City Council passed the “COVID-19 Eviction Protection Ordinance” (Ordinance O2020-3501), enacting a provisional moratorium on evictions based upon the failure to pay rent if the tenant has suffered any loss, reduction or delay in receipt of income or employment attributable to COVID-19 (a “COVID-19 Impact”).  Under the terms of the moratorium, a landlord pursuing…

  • Restrictions on Commercial EvictionsMay 5, 2020

    Illinois Governor J.B. Pritzker’s Executive Order 2020-30 issued on April 23, 2020 in response to the COVID-19 pandemic offers relief to commercial tenants throughout the state by placing restrictions on evictions of commercial tenants. Following in the footsteps of New York and California, Gov. Pritzker banned state agencies from enforcing evictions of all non-residential premises unless “the tenant has been…

  • IRS Grants Extensions for Like-Kind (Section 1031) ExchangesApril 13, 2020

    In Treasury Department Notice2020-23 (released April 9, 2020) and Internal Revenue Service update to Notice2020-18, the IRS provided additional relief for taxpayers amid the COVID-19 crisis by extending key deadlines for Like-Kind (Section 1031) Exchanges.  Specifically, the Notices extended some of the due dates related to the identification and final exchange periods.  These time periods are generally 45 days and 180…

  • A Warning: Cook County Assessor's Real Property Income and Expense (RPIE) LetterFebruary 26, 2020

    The Cook County Assessor’s Office has recently begun mailing invitation letters to solicit participation in its Real Property Income and Expense (“RPIE”) system. The goal of the system is to collect extensive data to assess commercial properties in Cook County. It utilizes both an online portal and mailed forms for data collection. The Assessor will target properties used for the…

News

  • HMB Announces 2020 Practice ChairsJanuary 8, 2020

    Chicago, IL January 8, 2019 HMB Legal Counsel, a preeminent provider of legal services in Business and Finance, State and Local Tax, Trusts and Estates, Bankruptcy, Reorganization and Creditors' Rights, Real Estate and Litigation announced the 2020 Practice Chairs. John W. Guzzardo will lead the firm's Litigation Group, taking over for Rick S. Rein. As a practice group leader, John…

Education
  • Chicago-Kent College of Law, Illinois Institute of Technology, JD
  • University of Illinois, B.A. in Economics
Admissions
  • Illinois
500 West Madison Suite 3700
Chicago IL 60661

Phone: 312-606-3200 Fax: 312-606-3232
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