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Peter Aitelli represents domestic and foreign clients in a wide variety of commercial real estate transactions, such as acquisitions and sales, financing, joint ventures, and leasing of all major property types, including office buildings, shopping centers, multifamily projects, hotels and mixed-use projects. He has represented both major developers and equity investors in the structuring and formation of joint ventures and other investment vehicles for the development, ownership, and operation of real property. Mr. Aitelli’s experience encompasses workouts of troubled real estate projects, including loan workouts and foreclosures, restructuring of equity investments, and resolution of partnership disputes. Among his clients are pension funds and their advisors, life insurance companies, banks and other institutions and investors in connection with their real estate investments.

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).

Mr. Aitelli is a frequent speaker on real estate topics for California Continuing Education of the Bar (CEB), American Law Institute-American Bar Association (ALI-ABA) and other continuing legal education organizations. Since 1998, he has served as a panelist and since 2001 as the moderator for CEB’s semi-annual “Major Real Property Acquisitions” program. Mr. Aitelli was also the editorial consultant for the CEB book, “California Title Insurance Practice.” He is a member of the Pension Real Estate Association (PREA).

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Representative Matters

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 major developer 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

• 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 as lead lender in the $102,000,000 syndicated construction financing of class A highrise office building in Sacramento.
• Represent U.S. Bank and Wachovia in the $72,000,000 syndicated construction financing of class A highrise office building in San Diego.
• Represent Citibank, N.A. in the financing of class A highrise office building in the San Francisco Financial District

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 Hitachi Ltd. in lease from IBM Corporation of 3,000,000 square foot office, R&D and manufacturing portfolio.
• Represent national retailer in 800,000 square foot lease and development of warehouse and distribution center.

Selected Speaking Engagements

• Panelist/Speaker, “Modern Real Estate Transactions,” American Law Institute-American Bar Association (ALI-ABA), Boston, 2008; San Francisco, 2007
• Panelist/Speaker, “Commercial Real Estate Leases: Selected Issues in Drafting and Negotiating in Current Markets,” ALI-ABA, Boston, 2008; San Francisco, 2007
• Moderator and Panelist, “Major Real Property Acquisitions,” California Continuing Education of the Bar (CEB), San Francisco and Sacramento (2007, 2005, 2003, 2002, 2001, 2000 and 1998)
• Co-Chair, “Commercial Real Estate Leases,” Law Seminars International, Los Angeles, 2008; San Diego, 2007
• Moderator and Panelist, “Commercial Real Property Acquisitions,” Lorman Education Services, Sacramento, 2008
• Speaker, “Understanding the Sophisticated Real Estate Practice,” Practicing Law Institute (PLI), San Francisco, 2001
• Panelist/Speaker, “Negotiating Leases,” CLE International, San Francisco, 2001