Episode 67 - Vincent Auricchio - Real Estate Attorney

Vincent Auricchio is the managing partner of Auricchio Law Offices. He has been practicing as an attorney for several years, and considers it not only his career, but his vocation. As a committed Christian, he brings his values both to the closing table as well as to the courtroom. This includes honesty, integrity, and a passion for helping his clients to the best of his ability. In 2012, Vincent Auricchio was selected as a National Trial Lawyers Top 40 Under 40 as a personal injury litigator. This honor is by invitation only and is extended exclusively to those individuals who exemplify superior qualifications, trial results, and leadership as a young lawyer.  In years past, Mr. Auricchio was selected as an “Outstanding Young Attorney” and “Top Young Attorney in Illinois” in the fields of real estate law and business litigation (2008, 2009, 2010 and 2011).  More recently, Mr. Auricchio was appointed as a member of the National Association of Distinguished Counsel (Top One Percent) for 2015 and 2017. 00:00 Introduction 01:41 The state of Chicago real estate  02:50 The changing landscape of commercial real estate  04:10 The ripple effect of the work-from-home trend 06:31 Impact on workers and opportunities for agents  16:05 Creative solutions and suburban vs. urban differences  18:07 Nuances of commercial real estate deals 23:32 Elements of the Contract  24:52 Due Diligence Period  26:19 Role of Commercial Real Estate Agents  29:19 Title Insurance and Surveys  34:34 Zoning and Usage Rules 38:02 Insurance and Damage Considerations  42:24 Legal Fees and Contract Extensions  44:48 The escrow negotiation 45:00 Seller and buyer reactions 49:23 Confidentiality clauses in real estate  52:51 Litigation in real estate  56:40 Personal touch in legal services & Wrap up