Timothy Patenode Email & Phone Number

Attorney with vast experience in real estate finance and debt and collateral recovery. Clients include real estate investment trusts, national and regional banks and high-profile insurance companies in matters throughout the United States. Represent investors and developers in complex real estate disputes inside and outside the courtroom.Notable accomplishments:* Represented the owner of 400 acres of undeveloped lakefront land in western Michigan in constitutional claims against local townships on downzoning of projects, and the developer of a luxury condominium building in Chicago’s Gold Coast in alleged construction defects involving statute of limitation and exculpatory clause defenses.* In the 2008–2009 real estate recession, handled or counseled on nearly one hundred foreclosures, debt recoveries and receiverships involving billions of dollars in loans for projects including major condominium developments in Florida, Nevada, Washington, D.C., and Chicago; raw land in Maryland, Virginia, Michigan and Arizona; golf courses in Florida and Ohio; and hotels in Hawaii.

Listed skills include Real Estate, Litigation, Civil Litigation, Real Estate Economics, and 4 others.

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  Partner

  Katten Muchin Rosenman Llp

  1986 - Present - Chicago, Illinois

  * Chairman of the Chicago Real Estate Litigation Practice * Recent Representative Matters: --Representation of lender in a collection of five cases pending in federal district courts in Manhattan and Arizona and state courts in Arizona and Texas arising out of a failed resort/residential development in Phoenix area and involving loan default, conditions precedent to draw requests, fraud, fraudulent transfers, violation of transfer prohibitions and unjust enrichment.--Representation of unit owners in foreclosure of $34 million general contractor mechanic lien claims and $12 million of associated subcontractor mechanic lien claims involving luxury Gold Coast Chicago condominium project, together with associated construction and constructive trust claims.--Representation of developer of another luxury Gold Coast condominiums regarding alleged defect in construction of plumbing system, involving statute of limitation, exculpatory clause defenses, and related indemnity and construction claims against architects, engineers, contractors and predecessor developer.--Representation of mezzanine lender who took over operation of luxury golf course on Florida Gulf Coast against fraud, negligent misrepresentation and breach of contract claims by club members arising from course closure.--Representation of owner-landlord of major downtown Detroit parking garage in right of first refusal and breach of lease claims against tenant.--Representation of major golf course lender in foreclosure of two prominent Columbus, Ohio courses and defense of lender liability counterclaims.--Representation of purchaser of $70,000,000 junior mezzanine loan in collection on guarantees and membership pledges.Partner 1989 to present.Attorney Advertising. Prior results do not guarantee a similar outcome.