• vcard
D 312.873.3620
F 312.602.3931
  • Education
    • J.D., Indiana University, 2000, Managing Editor, Federal Communications Law Journal; Merit Scholarship
    • B.A., Williams College, 1995
  • Court Admissions
    • U.S. District Court, Northern District of Illinois, 2000
    • U.S. District Court, Eastern District of Wisconsin, 2015

David Vallas provides practical solutions to complex legal problems by understanding a client's businesses and their goals.

Whether he is representing a lender in a hotly contested commercial foreclosure proceeding or advising a shopping center on issues related to a tenant bankruptcy, David understands that clients want to do what they do best: conducting business.

David uses a creative, hands-on approach to help clients meet their objectives and has successfully represented lenders, developers, shopping center owners, court-appointed receivers, entrepreneurs, Real Estate Investment Trusts, and other businesses in various actions, including:

  • Complex commercial foreclosure cases
  • Assignments for the benefit of creditors
  • Loan modifications and forbearance agreements
  • Commercial lease disputes, including enforcing use provisions and radius restrictions
  • Mechanics and real estate broker’s liens
  • Violations of municipal ordinances, including building codes and landlord-tenant ordinances
  • Protecting creditors in bankruptcy proceedings
  • Breach of contract cases and commercial tort claims
  • Represents lenders in heavily litigated foreclosure proceedings, often involving bankruptcy filings by corporate borrowers and the individual guarantors.
  • Advised a lender in connection with over $10 million of mechanics liens asserted against a luxury hotel that secured the borrower’s $100 million obligation.
  • Counseled a lender in connection with the workout of $120 million loan secured by a shopping center, including advising on mechanics lien issues and using the mortgage foreclosure process to maximize the value of the property through alternative sale procedures.
  • Successfully enforced a radius restriction for a shopping center owner against an international retailer and obtained an injunction enjoining the retailer from opening for business in a competing shopping center.
  • Defended a home developer in the foreclosure of a partially constructed 200-plus home development, including successfully limiting the lender’s and the court-appointed receiver’s attempts to complete construction and conduct invasive environmental testing.
  • Counseled a big-box retailer on reorganizing its debt through an assignment for the benefit of creditors and defended the officers and directors in related litigation.
  • Represented a developer of a high rise condominium project to defeat an improper multi-million dollar broker’s lien and quieted title to the project free of the lien.
  • Represented a court-appointed receiver of a newly developed hotel project in connection with removing the borrower-selected management company.
  • Advised court-appointed receiver of a 40-plus unit apartment building on issues of personal liability after an explosion and gas fire occurred in the building, permanently injuring one of its occupants.
  • Defended a court-appointed receiver of partially developed condominium projects on issues of building code violations, completing construction, and selling individual units.
  • Defended a shopping center owner against claims for rescission of a commercial lease based on a tenant’s allegations that the shopping center owner misrepresented plans for the redevelopment of the center.
  • Advises regional or super regional shopping centers on all lease-related issues, including drafting and interpreting leases and tenant bankruptcies. Regularly commences and manages litigation related to lease defaults, common area maintenance, radius restrictions, and exclusive use provisions.
webinar Webinars
November 16, 2016
Publications & Presentations
Commercial Real Estate Lease Defaults and Remedies: Minimizing Disputes and Avoiding Litigation
Strafford Publications-Sponsored Webinar
January 29, 2015
Publications & Presentations
Mechanics Lien and the Commercial Lease
U.S. Shopping Center Law Conference; Orlando, Florida
Roundtable leader
October 25, 2014
Publications & Presentations
Speaker, South Side Builders Association
August 6, 2011
Publications & Presentations
Commercial Tenant Bankruptcy: Legal Strategies for Landlords and Tenants
Presented as a Strafford Publications-Sponsored Webinar
September 2008, March 2009 and July 2010
Publications & Presentations
Advice to Commercial Lenders for the Long Road Ahead
Illinois Real Estate Journal
April 2010
Related News


Past Events