Watson Law
Free Initial Consultation 309-733-4395
Vote Now For Your Favorite Business

Split between two real estate giants ends quietly

It recently became public that the 12-year marriage between two people who are giants in the commercial real estate market in another state legally ended.

Both of the parties are well-connected to the world of big real estate deals, and they both have accomplished a lot in their own right. Each of them is likely worth tens of millions of dollars, as both have interests in sought-after commercial real estate in busy urban markets.

The divorce between the two ended on a quiet note, with the couple requesting what in their state is called an uncontested proceeding. This means that the couple has negotiated between themselves, possibly with the help of a mediator, how they will divide their property. In other words, the public won't hear many of the details of their wealth and their business dealings. Presumably, the couple also worked out any issues involving child custody, parenting time and spousal and child support.

Just because the proceeding ended quietly for the couple does not mean the process was easy or simple. Indeed, trying put the correct value on commercial real estate, even in a market like Peoria, can be quite difficult and subject to a lot of contention. This is because many commercial properties are relatively unique and hard to compare.

Moreover, the real test of the value of a commercial property is how much rental income it can bring in as opposed to how much it would sell for on an open market. Predicting future income is a difficult task that often requires the help of an appraiser or other expert in commercial property.

Finally, the fact the couple was high-profile, at least in the world of real estate, likely only complicated negotiations between them further.

Particularly if they are well-known in the community, real estate investors and others with a lot of property interests are likely going to want the experience and knowledge of a dedicated family law attorney should they be faced with divorce or separation.

No Comments

Leave a comment
Comment Information

Awards & Recognitions

  • 10 Best Law Firm Client Satisfaction American Institute Of Family Attorneys 2013-2015
  • 10 Best Law Firm Client Satisfaction American Institute Of Family Attorneys 2016-2017
  • National College For DUI Defense General Member
  • 10 Best 2016 Client Satisfaction American Institute Of Family Law Attorneys
  • 10 Best 3 Years Client Satisfaction American Institute Of Criminal Law Attorneys 2015-2017
  • 10 Best 3 Years Attorney Client Satisfaction American Institute Of Family Law Attorneys 2015-2017

How Can We Help You

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Email Us For A Response
  • phone Phone 309-733-4395
  • telephone Toll Free 888-357-4339
  • fax Fax 309-282-2565

Peoria Office
333 Main Street
Peoria, IL 61602

Toll Free: 888-357-4339
Phone: 309-733-4395
Fax: 309-282-2565
Peoria Law Office Map

Bloomington Office
221 E. Front St.
Suite 200
Bloomington, IL 61701

Toll Free: 888-357-4339
Phone: 309-733-4395
Fax: 309-282-2565
Map & Directions