Michael Zerman’s practice focuses on all aspects of real estate, including purchase & sale, financing, leasing, and construction. He represents REITs, pension funds, developers, financial institutions, retail chains, health care organizations and government entities. Typical matters handled by Mr. Zerman relate to office buildings, industrial properties, shopping centers, apartment properties, hotels, pro-sports facilities and mass-transit sites.
Notable Lender Representations:
- $165 million construction loan made by an insurance company for a landmark 400,000 square foot office building in West Hollywood, California;
- $105 million construction loan made by an insurance company for a condominium tower in downtown Los Angeles, California;
- $55 million permanent loan made by an insurance company secured by a 190,000 square foot office building in Burbank, California;
- $50 million construction loan made by an insurance company secured by an office building in Burbank, California;
- Foreclosure of a $75 million acquisition and development loan, made by a national credit company, secured by a 244-acre residential subdivision in Monterey County, California;
- Ten modifications of a $73 million construction loan made by an insurance company secured by an office complex in Burbank, California;
- Settlement Agreement and deed in lieu of foreclosure taken by a foreign bank on a 900 acre oceanfront site in San Mateo County, California;
- Foreclosure of a $50 million credit facility made by a commercial bank secured by offshore oil leases in Ventura County, California; and
- Modification of a $40 million construction loan made by an insurance company secured by high-rise apartments in San Francisco, California.
Notable Borrower Representations:
- $54 million construction loan made by three regional banks for a ten-story office building in Riverside, California;
- $77 million construction loan made by a commercial bank for a 276 unit apartment project in Burbank, California;
- $21 million acquisition loan made by a national bank for acquisition of mixed-use development site in West Los Angeles, California;
- $10.5 million refinancing made by a conduit lender secured by portions of a regional mall in Ontario, California;
- $28.4 million construction loan made by a commercial bank for a luxury home development in Los Angeles County, California;
- $20.8 million construction loan made by a commercial bank for a residential subdivision in San Bernardino County, California; and
- Modification and partial reconveyance of a $10.5 million permanent loan made by a conduit lender secured by portions of a regional mall in Ontario, California.
Notable Purchaser Representations:
- Purchase of fifteen net-leased retail properties in California, Nevada and Arizona;
- Purchase of a 4-acre mixed-use development site in West Los Angeles, California;
- Purchase of five industrial development sites, containing a total of 50 acres, in Riverside County, California;
- Purchase of a 50,000 square foot big-box retail store in Los Angeles, California for a national retail chain;
- Purchase of a two acre site in Playa Vista, California for the development of a 35,000 square foot training facility for a National Basketball Association franchise;
- Purchase of seven regional malls and one strip center in six different states for a NYSE-listed REIT;
- Purchase of a 2.5 million square foot super-regional mall for a NYSE-listed REIT;
- Purchase of a 7-acre multi-family development site within the North Hollywood, California redevelopment area;
- Purchase of four multifamily development sites, totaling 50 acres, in Ventura County, California.
- Purchase of a 3l-acre mixed-use development site in Oxnard, California;
- Purchase of a 392-unit apartment complex in Anaheim, California;
- Purchase of a 27-acre industrial development site in Valencia, California;
- Purchase of 37 acres of unimproved land in San Bernardino County, California for a professional motor speedway; and
- Purchase of 6 Texas and New Mexico nursing homes on behalf of a NYSE-listed REIT.
Notable Seller Representations:
- Sale of a 300,000 square foot warehouse and distribution facility in Ontario, California;
- Sale of a 50,000 square foot medical office building in Bakersfield, California;
- Sale of a mixed-use development site in downtown Seattle, Washington;
- Sale of a 6-acre multi-family development site in San Diego, California;
- Sale of a 165,000 square foot warehouse and distribution facility in Los Angeles, California;
- Sale of a 60,000 square foot office building in Houston, Texas;
- Sale of a 100,000 square foot office park in West Los Angeles, California;
- Sale of a 50,000 square foot office building in West Los Angeles, California; and
- Sale of a 150,000 square foot industrial building in Santa Fe Springs, California.
Notable Exchange Representations:
- Exchange of unimproved land in Playa Vista, California for 3 Wal Mart stores in Arkansas and Alabama, and a Circuit City distribution center in Lexington, Kentucky;
- Exchange of an industrial site in Huntington Beach, California for 7 apartment communities in San Bernardino County and San Diego County, California;
- Exchange of an office building in Long Beach, California for an office building in San Diego, California and a retail store in Las Vegas, Nevada; and
- Exchange, by lot line adjustment, of several acres comprising portions of a regional mall and an adjacent office tower.
Prior to joining Zuber & Taillieu LLP, Mr. Zerman practiced at Manatt, Phelps & Phillips LLP. Prior to that, Mr. Zerman was an officer of two major investment banking firms, and owned and developed several commercial properties in New York City. In addition, Mr. Zerman served as a consultant to the Resolution Trust Corporation and the Federal Deposit Insurance Corporation.
Professional Honors and Activities:
- Southern California Co-Chair, Real Estate Finance Section, State Bar of California
- Member, New York State Bar Association
- Member, BOMA Medical Office Building Conference Organizing Committee
- Member, International Council of Shopping Centers
- Planning Committee Member, UCLA Real Estate Conference
Representative Publications:
Representative Speaking Engagements:
- “Advanced Title Insurance Coverages and Endorsements,” ICSC Shopping Center Law Conference, October 2005, October 2008.
- “Zen and the Art of Survey Analysis,” ICSC Shopping Center Law Conference, October 2006, January 2008.
- Survey and Title Analysis for Acquisitions,” ICSC Shopping Center Law Conference, October 2004.
University of Arizona College of Law
J.D., 1993
Honors: Graduated in Top 15% of Class
Honors: cum laude
Honors: Moot Court Prize Winner
Wesleyan University
B.A., 1981
Honors: magna cum laude (High Honors)
Major: History
English
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