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Understanding the Sophisticated Real Estate Practice 2003

Author(s): Elliot L. Hurwitz, Richard C. Mallory, Peter A. Sarasek
Practice Area: Banking, Bankruptcy & Restructuring, Real Estate
Published: Oct 2003
PLI Item #: 555
CHB Spine #: N498

Peter A. Sarasek is former Chair of the National Real Estate Group of Quarles & Brady LLP, and works in the firm's Chicago office.  He has been practicing law since 1974, and his practice concentrates in the areas of commercial leasing, commercial finance, and commercial sales and acquisitions of real property throughout the country.  He has represented ownership in the management and leasing  of office, industrial and retail properties throughout the Midwest, as well as office buildings in downtown Chicago (e.g., John Hancock Center, NBC Tower, Citigroup Center, LaSalle Bank Building, UBS Tower, 401 North Michigan Avenue, etc.), and its suburbs. His practice also includes representing anchor tenants in new office towers in Chicago (including most recently at 300 North LaSalle Street,  444 West Lake Street, and 300 East Randolph Street).  He has authored articles on commercial leasing and finance, and has participated as Chair or as a member of a number of professional panels (including: Chair, Practicing Law Institute Chicago programs: Commercial Real Estate Finance (Spring 2005, 2006, 2007, 2008, 2009, 2010, 2011); Commercial Real Estate Institute (Fall 2004, 2005, 2006, 2007, 2008, 2010, 2011);  Sophisticated Real Estate Practice (Fall 2003, Chicago); Co-chair, Negotiating Leases Conference, CLE International (November 2002, Chicago); Faculty:  Practicing Law Institute, "Negotiating Commercial Leases, Lender's Perspective (Panel Participant 1997-1999; Chair of Chicago Program Fall 2000); Moderator, CREO Legal Panel (1996-1999).  He was named one of the Top 100 Attorneys in Illinois by peer-voting for Super Lawyers.  He is licensed in Illinois and Wisconsin, and is a member of the American College of Real Estate Lawyers.

Elliot L. Hurwitz is Chief Commercial Counsel for Chicago Title Insurance Company, New York, NY, where he has primary responsibility for complex commercial transactions in New York City, including structuring, underwriting and coordination. Prior to joining Chicago Title, Mr. Hurwitz was a partner at Weil, Gotshal & Manges, LLP, New York, NY. Mr. Hurwitz has had extensive experience in all aspects of commercial real estate, with a particular emphasis on mortgage loan originations, portfolio acquisitions, debt restructurings, sale-leasebacks, lease-backed financings, loan syndications and securitizations. Mr. Hurwitz is a frequent lecturer and author on real estate-related matters, including “Real Estate for the Corporate Counsellor”, published in the fourth edition of The Corporate Counsellor’s Desk Book (Prentice Hall Law & Business 1992). Contributor to the New York Law Journal, Commercial Leasing Law & Strategy, Shopping Center Legal Update and the Metropolitan Corporate Counsel. Chairman of PLI’s annual 2-day seminar for real estate attorneys, titled “The Commercial Real Estate Institute”. Mr. Hurwitz is a Fellow of the American College of Real Estate Lawyers. Member of the New York State Bar Association, Association of the Bar of the City of New York and Title Insurance Rate Service Association (TIRSA) – Law and Forms Committee. Mr. Hurwitz may be contacted at 212-880-1205 or

Richard (Rick) C. Mallory is a founding partner of the law firm Allen Matkins and is resident in the San Francisco and Downtown Los Angeles offices.  He focuses his practice on office, industrial and retail leasing. He represents landlords and tenants in a broad range of leasing issues, including straight leases, lease-equity, lease takeover transactions, and telecommunications transactions. Rick's practice also includes broker listing, registration agreements, and contract negotiations with architects, engineers, construction companies, designers, and parking and property management firms. With respect to tenant matters, Rick brings particularly extensive experience in lease negotiations and transactions, including renewals, takeovers, pass-throughs, subleasing and assignment issues, sale/lease-backs, leases with purchase options, telecommunication agreements, and construction contracts for tenant improvements.

A dynamic presenter, Rick is in demand as a speaker at real estate industry seminars and conventions throughout the country, and has also published many articles on the subject of commercial leasing. In addition to his membership in the Building Owners and Managers Association, he is on the board of governors for the American College of Real Estate Lawyers, and the advisory boards for the Practicing Law Institute and Georgetown Law Center's Advanced Commercial Leasing Institute.  Rick is also a member of Lambda Alpha International; Urban Land Institute; CoreNet Global; and NAIOP, the Commercial Real Estate Development Association.

Rick has been listed in The Best Lawyers in America since 1989 as a leading California real estate attorney according to a survey of his peers.  He has also been recognized by Chambers & Partners USA since 1999.  Rick has been listed in either Northern California or Southern California Super Lawyers each year since 2004 including in 2006 and 2009-2012 when he was listed as one of the Top 100 attorneys in Northern California. In 2010 Rick was honored with the Good Scout Award by the San Francisco Bay Area Council of the Boy Scouts of America.

Rick received his B.S. from the University of Southern California in 1966 and his J.D. from Stanford University in 1969.