Lyon & Caron LLP

Lyon & Caron LLP

With over 40 years experience representing Clients in all aspects of the Real Estate industry, LYON & CARON LLP has the expertise, proven track record, and industry relationships to assist our Clients in achieving their business goals.

Firm Overview

From single property transactions to packages of over 50 operating businesses, we quickly and efficiently respond to all our Clients in the area of real estate development (including construction contracts), operation, financing, franchising, management, ownership, and sale, including senior facilities, shopping centers, office buildings, apartments, industrial projects, resort properties with spas, multiple golf course operations, and conference centers.

LYON & CARON LLP has represented hundreds of branded and independent hotels and resorts as well as many food service operations across the nation in purchasing land or existing businesses, negotiating construction, and architectural contracts for ground-ups and renovations, tax planning (including low income housing and historic tax credits, TIFs, SSAs and bond financing), conduit, conventional and hybrid loans and sales.

Our many years of experience and skill in our transactional practice includes dispositions, acquisitions, all types of financing (including construction and mini-perm loans), tenant-in-common transactions, sales and sale-leasebacks (including restaurant sale-leasebacks), property and hotel management agreements, property leasing, and 1031 exchanges. We have extensive experience with note purchase agreements, deed-in-lieu agreements, and forbearance agreements.

Main Office

Main Office
790 Estate Drive, Suite 180
Deerfield IL 60015





The law office of Lyon & Caron LLP will represent your business legal matters.

-Loan Restructuring
-Business Formations
-Purchase and Sale of Business Ventures
-Financing and Restructuring
-Shareholder, Partnership and LLC Agreements
-Contracts and Negotiations

Mike Caron

Lyon & Caron LLP


Practice Areas: Income Tax Planning; Like Kind Exchanges; Low-Income Housing Tax Credits; Apartment, Office, and Shopping Center Acquisitions and Dispositions; Syndications and Private Placements; Tenant-in-Common Transactions; Partnership, Joint Venture & LLC Agreements; Wills & Trusts; Asset Protection & Family Business Planning; Leasing; Business Formations; Purchase & Sale of Business Ventures; Financing & Restructuring; Contracts & Negotiations

Admitted: 1980, Illinois and U.S. District Court, Northern District of Illinois

Law School: University of Illinois, J.D., magna cum laude, 1980.

College: University of Illinois, B.S., magna cum laude, 1977.

Biography: Michael Caron is experienced in a broad range of estate planning, real estate, business and federal income tax matters, and in structuring partnerships, limited liability companies, privately-offered securities, joint ventures, and privately-owned corporations. Mr. Caron graduated, with high honors, from the University of Illinois with a B.S. degree in finance, and passed the Certified Public Accountant examination in 1977. He received his law degree, with high honors, from the University of Illinois College of Law and joined the Chicago law firm of Rudnick & Wolfe (now DLA Piper LLP), in 1980, where he was a partner before joining the predecessor to Lyon & Caron LLP in 1990.

Michael has spoken at numerous seminars on real estate like-kind exchanges, income tax planning for real estate, and real estate financing. He has written a chapter on Tax Considerations in Condominium Development for the Illinois Institute for Continuing Education and articles for several law and business journals.

Born: December 14, 1955.


University of Illinois
Juris Doctorate,

Jeffrey S. Lyon

Lyon & Caron LLP


Practice Areas: Commercial Real Estate; Leasing; Hotel Development and Management.

Admitted: 1975, Illinois and U.S. District Court, Northern District of Illinois

Law School: De Paul University, J.D., 1975.

College: Drake University, B.A., 1971.

Lecturer: Illinois Institute for Local Government Law, 1999: Development Agreements; Illinois Institute of Continuing Legal Education, 2004: Due Diligence in Real Estate Acquisitions.

Born: August 30, 1949.


De Paul University
Juris Doctorate,

William B. Fox

Lyon & Caron LLP


Practice Areas: Estate Tax; Estate and Gift Tax; Corporate Tax; Partnership Tax; Deferred Compensation; Charitable Organizations; Corporate Law.

Admitted: 1992, Illinois

Law School: Duke University, J.D., 1991; New York University, LL.M., Taxation, 1995.

College: University of Michigan, B.A., 1988.

Member: Chicago and Illinois Bar Associations.

Awards: Phi Beta Kappa; Angell Scholar Award; William T. Branstorm Award.

Born: January 26, 1966.


Duke University
Juris Doctorate,

Rraim Murtishi

Lyon & Caron LLP

Practice Areas: Commercial Real Estate; Leasing; Landlord/Tenant Law; Administrative Hearings

Admitted: 2003, Illinois and U.S. District Court, Northern District of Illinois

Law School: The University of Illinois, School of Law (Champaign, IL), J.D. cum laude, 2003

College: Illinois State University, B.S., 1998.

Born: October 4, 1974.


The University of Illinois, School of Law
Juris Doctorate,