What types of commercial real estate disputes can be resolved through mediation in Illinois?

A broad range of commercial real estate disputes are well suited to mediation, including disagreements over purchase and sale agreements, commercial lease terms and defaults, development and land-use conflicts, financing and loan disputes, easements and boundary questions, and disputes among co-owners, partners, or investors in a property. These matters are typically document- and value-intensive and often involve parties with an ongoing business relationship. Mediation lets the parties work through the deal terms and financial realities with a neutral and reach practical arrangements — a restructured lease, a renegotiated closing, or a buyout — that a court is not well positioned to craft, usually faster and at lower cost than litigating a complex commercial property dispute.