PETER AITELLI

Peter Aitelli represents domestic and foreign clients in a wide range of commercial real estate equity and debt transactions, including acquisitions and sales; financing (including permanent, construction and participating mortgage loans and other forms of “hybrid” debt); leasing; and the structuring and formation of joint ventures and other investment vehicles for the development, ownership, and operation of all major property types, such as office buildings, shopping centers, multifamily projects and hotels. Mr. Aitelli represents institutional lenders and CMBS special servicers in loan workouts, judicial and nonjudicial foreclosures, receiverships and REO dispositions. His clients include pension funds and their advisors, banks and other financial institutions, private equity firms and other investors in connection with their real estate investments.

PROFESSIONAL ACTIVITIES AND RECOGNITION

Mr. Aitelli is the former Chair of the California State Bar Real Property Law Section, a Fellow of the American College of Real Estate Lawyers (ACREL), a member of the ACREL Board of Governors and the former Chair of the Leasing Committee of ACREL. He served as the Chair of the 2011 annual Real Property Law Retreat for the California State Bar.

Mr. Aitelli is listed in Best Lawyers in America for Real Estate Law and is named as a leading real estate lawyer in Practical Law Company’s PLC Which lawyer? Yearbook and PLC’s Cross Border Corporate Real Estate Handbook, and by Law & Politics Magazine and San Francisco Magazine as a “Northern California Super Lawyer” in the area of Real Estate (all publications based on client and peer recommendations). He is also recommended as a leading lawyer by Legal 500 US 2011.

Mr. Aitelli is a frequent speaker on real estate topics for American Law Institute- American Bar Association (ALI-ABA), California Continuing Education of the Bar (CEB) and other continuing legal education organizations. He has served since 1998 as a panelist and since 2001 as the moderator for CEB’s semi-annual “Major Real Property Acquisitions” program. He also serves on the faculty of both the annual ALI-ABA three-day course of study, “Modern Real Estate Transactions,” and the annual ALI-ABA two-day course of study, “Commercial Real Estate Leases.” Mr. Aitelli was an editorial consultant for the books “California Ground Lease Practice” and “California Title Insurance Practice,” both published by CEB, and an author of the “Commercial Real Estate Transactions Handbook,” published by Wolters Kluwer Law & Business|Aspen Publishers in 2009.

REPRESENTATIVE TRANSACTIONS

Acquisitions and Dispositions

Represent pension fund advisor in the acquisition of controlling interest in 3.7 million square foot portfolio of “lifestyle” shopping centers in the Western United States with a value of $900,000,000 and the $220,000,000 acquisition of the Denver Grand Hyatt and adjacent 39-story class A office building.

Represent overseas investor in the $1 billion acquisition of portfolio of 69 apartment properties containing 21,000 residential units in the United States.

Represent Hitachi Ltd. in the acquisition of 5,000,000 square foot real estate portfolio with properties in the United States, Japan, China, Singapore, Thailand and Mexico.

Represent real estate investment trust (REIT) and pension fund in the $400,000,000 acquisition of 1.2 million square foot office development in the San Francisco Bay Area.

Represent purchaser in acquisition, joint venture, financing and subsequent sale of 6,700-acre parcel on the Island of Kauai.

Financing/Debt Acquisition/Loan Workouts, Foreclosures and Receiverships

Represent Wachovia and Bank of Hawaii as lead lenders in the $210,000,000 syndicated construction financing of retail development in Hawaii.

Represent U.S. Bank and Wachovia in the syndicated construction financing of class A office buildings in San Diego and Sacramento.

Represent Citibank, N.A. in the financing of class A high rise office building in the San Francisco Financial District.

Represent Brookfield Asset Management in the restructuring and foreclosure of $230,000,000 mortgage loan secured by class A office building in San Francisco.

Represent private equity firm in the acquisition and foreclosure of $250,000 mortgage loan secured by luxury resort in Southern California.

Represent CMBS special servicer in the foreclosure of $220,000,000 mortgage loan secured by hotel and golf course resort in Hawaii.

Leasing

Act as landlord’s counsel in leasing of 2,000,000 square foot office and R&D portfolio in San Francisco Bay Area.

Represent major international industrial company in lease of 3,000,000 square foot office, R&D and manufacturing portfolio.

Represent national retailer in 1,100,000 square foot lease and development of warehouse and distribution center.

SPEAKING ENGAGEMENTS

Modern Real Estate Transactions

American Law Institute-American Bar Association (ALI-ABA) San Francisco, 2012; Boston, 2011; Chicago, 2010; Santa Fe, New Mexico, 2009; Boston, 2008; San Francisco, 2007

Commercial Real Estate Leases: Selected Issues in Drafting and Negotiating in Current Markets

American Law Institute-American Bar Association (ALI-ABA) Chicago, 2012; Philadelphia, 2011 and 2010; Chicago, 2009; Boston, 2008; San Francisco, 2007

Real Estate Joint Ventures and Funds: Current Challenges, Strategies and Opportunities

Law Seminars International; San Francisco, 2010

The Defaulted Real Estate Project: Enforcement of Commercial Real Estate Loans

American Law Institute-American Bar Association (ALI-ABA) Philadelphia, 2010; National Webcast

California Anti-Deficiency Legislation: Enforcement of Defaulted Real Estate Loans

Joint Presentation of the California State Bar and the San Diego County Bar Association San Diego, 2010

Steiner v. Thexton: No More Free Looks in Real Estate Purchase and Sale Agreements

Alameda County Bar Association Real Property Law Section Oakland, 2010

Major Real Property Acquisitions

California Continuing Education of the Bar (CEB); San Francisco and Sacramento (2007, 2005, 2003, 2002, 2001, 2000 and 1998)

Commercial Real Property Acquisitions

Lorman Education Services; Sacramento, 2008

Current Trends and Opportunities in Timberland Investments

4th Timberland Investing World Summit; San Francisco, 2008

Commercial Real Estate Leases

Law Seminars International; San Diego, 2007

Understanding the Sophisticated Real Estate Practice

Practicing Law Institute; San Francisco, 2001

Negotiating Leases

CLE International; San Francisco, 2001

PUBLICATIONS

Commercial Real Estate Transactions Handbook (Chapter Author) | Wolters Kluwer Law & Business | Aspen Publishers | 2009

California Ground Lease Practice (Editorial Consultant) | California Continuing Education of the Bar (CEB) | 2009

California Title Insurance Practice | California Continuing Education of the Bar (CEB)| 2007

EDUCATION

University of California, Los Angeles (B.A., 1982)

University of California, Berkeley, School of Law (J.D., 1985)

AREAS OF EXPERTISE

Peter Aitelli

paitelli@sflaw.com
(415) 421-6500 x268

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