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Gregory E. Spitzer Partner, Real Estate Department
Chicago T 1(312) 499-6071 F 1(312) 499-6171
gregoryspitzer@paulhastings.com

Gregory E. Spitzer is a partner in the Real Estate practice and office chair of the Paul Hastings Chicago office.

He represents public and private companies and private equity firms in connection with acquisition, disposition and financing transactions. Mr. Spitzer's practice includes all aspects of commercial real estate acquisitions and dispositions, development, leasing, financing and re-structuring matters. Mr. Spitzer has a particular focus in the areas of real estate restructurings and structured leasing transactions, including synthetic leasing, sale-leaseback and leverage lease transactions.

Mr. Spitzer previously served on the board of directors of a public real estate and securities company. He also previously served as an Adjunct Professor of Law at the University of Minnesota School of Law and as a guest lecturer at DePaul University School of Law. He has authored or co-authored numerous articles and publications in the commercial real estate area.




Recent Representations

General Real Estate:

  • Represented client in the joint venture formation and acquisition and development of an office building and subsequent conversion for a hotel project.
  • Represented client in connection with acquisition of a downtown office building, its demolition and construction of a new office complex.
  • Represented public company client in the leasing of a Chicago area office building for relocation of its corporate headquarters.
  • Represented public company client in the acquisition of a suburban office building.
  • Represented client in the joint venture formation and acquisition and financing of office/industrial center complex.
  • Represented client in the joint venture formation and acquisition, development and conversion of industrial buildings to condominiums.
  • Represented client in a $125 Million construction loan for a condominium project in Chicago.
  • Represented international lender in connection with a term loan, permanent loan and existing loan modification to a manufacturing company for acquisition of an existing business secured by the personal property and real property assets of the acquired company.
  • Represented pension fund in the purchase of a regional shopping center.

Sale/Leaseback:

  • Represented client in $440 Million sale-leaseback transaction of a portfolio of department stores.
  • Represented client in $600 Million sale-leaseback transaction in connection with the acquisition of a restaurant chain.
  • Represented client in the sale-leaseback of a college campus.
  • Represented client in the acquisition of over 400 bowling centers and its related $250 Million sale-leaseback transaction of over 180 bowling centers.
  • Represented client in $174 Million sale-lease back transaction involving industrial properties.
  • Represented client in a series of acquisition, development, sale/leaseback and financing transactions for a portfolio of warehouse and distribution centers across the United States.
  • Represented client in $160 Million off balance sheet leveraged lease transaction for the acquisition and development of the largest natural gas storage field in North America.
  • Represented client in $150 Million leverage lease transaction for its corporate campus.
  • Represented client in $70 Million synthetic lease facility for construction of warehouse and distribution centers across the United States.
  • Represented client in a series of black box synthetic lease transactions for the financing and development of senior living centers.

Bankruptcy:

  • Represented purchaser in the acquisition of a pizza restaurant chain out of bankruptcy.
  • Represented newspaper company in real estate matters related to its bankruptcy and restructuring.
  • Represented theme park operator with 20 parks in real estate matters related to its bankruptcy and restructuring.
  • Represented airline in real estate matters related to its bankruptcy and restructuring and $1.7 Billion special facility bond litigation.
  • Represented client in $200 Million DIP Loan to international time share company.
  • Represented private equity fund in the acquisition of secured lien claims of a restaurant chain in bankruptcy which liens were secured by 90 store locations.


Hospitality:

  • Representing purchaser for the acquisition of an equity interest in a Chicago hotel/condominium project.
  • Represented client in $80 Million construction loan and subsequent bond financing for a student housing project in Chicago.
  • Represented client in $500 Million joint venture acquisition of international hotel chain, including owned, leased and managed hotels in over 80 locations.
  • Represented purchaser in the acquisition and financing of a chain of health/racquet clubs.



Accolades and Recognitions

  • Chambers and Partners (2007-Present, Band 3)
  • Legal 500 (2010-Present)
  • Leading Lawyers Network - Real Estate Construction & Environmental Member (2010-Present)
  • Illinois Super Lawyers (2006-Present)



Speaking Engagements and Publications

  • "The Debt Stack: Lessons Learned from the Great Recession," Paul Hastings September 13, 2012
  • Guest Lecturer, Illinois Institute of Technology, College of Architecture, Entrepreneurship and Innovation in Architecture - A Guide for Architects Working with Attorneys, October 2011
  • "Who has the Keys? Distressed Hospitality Assets: An Overview of Pertinent Legal Issues," PLI March 2011
  • "Who Really is in Charge? Dealing with Distressed Landlords and Lenders-in-Possession," ICSC November 2010
  • "Distressed Real Estate Update: Practical and Legal Issues," Part 2 of 2, Paul Hastings June 2010
  • "Distressed Real Estate Update: Practical and Legal Issues," Part 1 of 2, Paul Hastings May 2010
  • "The Impact of Bankruptcy on Corporate Real Estate," AECRE Fall Forum 2009
  • Panelist, Northwestern Law School, Real Estate Panel, November 5, 2009
  • Panelist, University of Michigan, Current Conditions in Real Estate Seminar, October 2007, 2008 and 2009
  • "Troubled Real Estate in Troubled Times," "Has Real Estate Gone Green and Other Questions of Our Time?" March 2009 Super CLE, University of Minnesota
  • “Assignment of Voting Rights in Intercreditor Agreements,” The ACREL Papers, Fall 2007
  • “Opting In” to Article 8 and Other Mezzanine Financing Best Practices,” The ACREL Papers, Fall 2007
  • “Sale-Leaseback Transactions in Today’s Private Equity Environment,” Venture Capital Review, Spring 2007
  • “Pre Bankruptcy Issues: What to Think About Before the Case is Filed,” The ACREL Papers, Spring 2006
  • “Title Insurance: an Introduction,” “Using the Bankruptcy Code as a Leveraging Device in Acquiring, Selling, or Repositioning Distressed Real Estate,” Pre Petition Issues: A Few Things to Consider Before Filing,” March 2006 Super CLE, University of Minnesota
  • “Unlocking the Value of Your Real Estate Assets,” May 2003, Franchise Times
  • Sale-Lease Back Offers Compelling Alternative, New York Law Journal, November 25, 2002
  • “The Evolution Continues: The REIT Modernization Act,” US Business Review, March/April 2001
  • Electronic Media In Real Estate Transactions - ICSC Conference, October 2000



Professional and Community Involvement

Law School Teaching:

  • University of Minnesota, 1998 – 2000, Adjunct Professor of Law - Real Estate Transactions Seminar
  • Northwestern University School of Law - Guest Lecturer
  • Michigan Law School - Guest Lecturer
  • DePaul University Law School, Guest Lecturer, 2001-2002

Professional Organizations / Licenses:

  • Christopher House - Board Member (2007-Present)
  • Chicago Central Area Committee – Board Member (2005-Present)
  • American College of Real Estate Lawyers - Member (2005-Present)
  • Illinois Bar Admission (1989)
  • Certified Public Accountant, Illinois (1985)



Education

  • Northwestern University School of Law, J.D., May 1989
  • University of Illinois (Urbana, Illinois), B.S. in Finance, May 1985 (with Highest Honors.)