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Commercial Office  Building Acquisition December 22, 2008 Prepared By Stephen I. Berkman San Francisco, CA
Purchase and Sale Agreement Negotiation
Letter of Intent ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The Purchase and Sale Agreement ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Formation of “Buyer” Entity ,[object Object],[object Object],[object Object]
The Earnest Money Deposit ,[object Object],[object Object],[object Object],[object Object]
The Due Diligence Phase
Due Diligence Generally ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Due Diligence Generally (continued) ,[object Object],[object Object]
Financial Analysis ,[object Object],[object Object],[object Object]
Lease Review and Estoppel Certificates ,[object Object],[object Object],[object Object],[object Object]
Lease Review and Estoppel Certificates (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Title and Survey ,[object Object],[object Object],[object Object],[object Object]
Environmental Review ,[object Object],[object Object],[object Object]
Building Physical Evaluation / Zoning Entitlements  ,[object Object],[object Object],[object Object],[object Object]
Approvals and Consents  ,[object Object],[object Object],[object Object],[object Object]
Property Management and Leasing Agreement  ,[object Object],[object Object],[object Object]
The Existing Financing
Options for Addressing the Existing Financing  ,[object Object],[object Object],[object Object],[object Object]
Loan Assumption  ,[object Object],[object Object],[object Object],[object Object]
The Closing Process
Escrow  ,[object Object],[object Object],[object Object],[object Object],[object Object]
Closing Process  ,[object Object],[object Object],[object Object]
Our Global Real Estate Group
Real Estate Group Overview ,[object Object],[object Object],[object Object],[object Object],[object Object]
Real Estate Awards Joel Rothstein (Beijing) – 1  David Blumenfeld (Shanghai) – 2  1 2 2 3 China Real Estate: Foreign  Investment Funds: Real Estate  Japan Real Estate: Foreign  Hong Kong Real Estate  Chambers Asia 2008 Hergen Haas (Frankfurt) – 3  Mark Eagan (London) – 6 4 4 Europe-wide Real Estate Germany Real Estate: Finance Chambers Europe 2008 Deborah Schmall (San Francisco) – 2 Peter Weiner (San Francisco) – 2 David Freeman (New York) – 3 Gordon Hart (San Francisco) – 4  3 California Environmental Chambers USA 2008 Marty Edelman (New York) – 1  Philip Feder (Los Angeles) – 1  Rick Kirkbride (Los Angeles) – 1  Charles Sharbaugh (Atlanta) – 2 Daniel Perlman (Chicago) – 3   Charles Thornton (San Francisco) – 3   Bob Wertheimer (New York) – 3  Stephen Berkman (San Francisco) – 4  Eric Landau (New York) – 4  Stuart Mass (New York) – 4  Mark Schonberger (New York) – 4 Robert Grados (New York) – Up & Coming 1 1 1 3 4 California Real Estate  National Leisure & Hospitality  New York Real Estate: Mainly Dirt Georgia Real Estate  National REITs  Chambers USA 2008 N/A 2 3 Japan Real Estate: Foreign  Investment Funds: REITS  Chambers Global 2008 Individuals/Rank Rank Practice Group Directory
Real Estate Practice Focus ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Real Estate Practice Focus ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Our Offices For further information , you may visit our home page at www.paulhastings.com  or email us at  [email_address] . Brussels Avenue Louise 480 Boîte 5B 1050 Brussels, Belgium Telephone: +32 2 641 7460 Facsimile: +32 2 641 7461 Frankfurt Siesmayerstrasse 21 D-60323 Frankfurt am Main, Germany Telephone: +49 69 907485 0 Facsimile: +49 69 907485 499 London Ten Bishops Square, 8th Floor London E1 6EG United Kingdom Telephone: +44 203 023 5100 Facsimile: +44 203 023 5109 Milan Via Palestro, 24 20122 Milan, Italy Telephone: +39 02 30414 000 Facsimile: +39 02 30414 005 Paris 96, boulevard Haussmann 75008 Paris, France Telephone: +33 1 42 99 04 50 Facsimile: +33 1 45 63 91 49 Beijing 19/F, Yintai Center Office Tower 2 Jianguomenwai Avenue Chaoyang District Beijing, 100022 China Telephone: +86 10 8567 5300 Facsimile: +86 10 8567 5400 Hong Kong 22/F, Bank of China Tower 1 Garden Road Hong Kong Telephone: +852 2867 1288 Facsimile: +852 2526 2119 Shanghai 35/F Park Place 1601 Nanjing West Road Shanghai, 200040 China Telephone: +86 21 6103 2900 Facsimile: +86 21 6103 2990 Tokyo Ark Mori Building – 34F 12-32 Akasaka 1-chome Minato-Ku, Tokyo 107-6034, Japan Telephone: +81 3 6229 6100 Facsimile: +81 3 6229 7100 Palo Alto 1117 S. California Avenue Palo Alto, CA 94304 Telephone: +1 650 320 1800 Facsimile : +1 650 320 1900 San Diego 4747 Executive Drive, 12th floor San Diego, CA 92121 Telephone: +1 858 458 3000 Facsimile: +1 858 458 3005 San Francisco 55 Second Street, 24th Floor San Francisco, CA 94105 Telephone: +1 415 856 7000 Facsimile: +1 415 856 7100 Washington, D.C. 875 15th Street, N.W. Washington, DC 20005 Telephone: +1 202 551 1700 Facsimile: +1 202 551 1705 Atlanta 600 Peachtree Street, N.E. 24th Floor Atlanta, GA 30308 Telephone: +1 404 815 2400 Facsimile: +1 404 815 2424  Chicago 191 North Wacker Drive 30th Floor Chicago, IL 60606 Telephone: +1 312 499 6000 Facsimile: +1 312 499 6100 Los Angeles 515 S. Flower Street 25th Floor Los Angeles, CA 90071 Telephone: +1 213 683 6000 Facsimile: +1 213 627 0705 New York Park Avenue Tower 75 East 55th Street, 1st Floor New York, NY 10022 Telephone: +1 212 318 6000 Facsimile: +1 212 319 4090 Orange County 695 Town Center Drive, 17th Floor Costa Mesa, CA 92626 Telephone: +1 714 668 6200 Facsimile: +1 714 979 1921 EUROPE ASIA NORTH AMERICA

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Commercial Office Building Acquisition

  • 1. Commercial Office Building Acquisition December 22, 2008 Prepared By Stephen I. Berkman San Francisco, CA
  • 2. Purchase and Sale Agreement Negotiation
  • 3.
  • 4.
  • 5.
  • 6.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 19.
  • 20.
  • 22.
  • 23.
  • 24. Our Global Real Estate Group
  • 25.
  • 26. Real Estate Awards Joel Rothstein (Beijing) – 1 David Blumenfeld (Shanghai) – 2 1 2 2 3 China Real Estate: Foreign Investment Funds: Real Estate Japan Real Estate: Foreign Hong Kong Real Estate Chambers Asia 2008 Hergen Haas (Frankfurt) – 3 Mark Eagan (London) – 6 4 4 Europe-wide Real Estate Germany Real Estate: Finance Chambers Europe 2008 Deborah Schmall (San Francisco) – 2 Peter Weiner (San Francisco) – 2 David Freeman (New York) – 3 Gordon Hart (San Francisco) – 4 3 California Environmental Chambers USA 2008 Marty Edelman (New York) – 1 Philip Feder (Los Angeles) – 1 Rick Kirkbride (Los Angeles) – 1 Charles Sharbaugh (Atlanta) – 2 Daniel Perlman (Chicago) – 3  Charles Thornton (San Francisco) – 3  Bob Wertheimer (New York) – 3 Stephen Berkman (San Francisco) – 4 Eric Landau (New York) – 4 Stuart Mass (New York) – 4 Mark Schonberger (New York) – 4 Robert Grados (New York) – Up & Coming 1 1 1 3 4 California Real Estate  National Leisure & Hospitality  New York Real Estate: Mainly Dirt Georgia Real Estate National REITs Chambers USA 2008 N/A 2 3 Japan Real Estate: Foreign Investment Funds: REITS Chambers Global 2008 Individuals/Rank Rank Practice Group Directory
  • 27.
  • 28.
  • 29. Our Offices For further information , you may visit our home page at www.paulhastings.com or email us at [email_address] . Brussels Avenue Louise 480 Boîte 5B 1050 Brussels, Belgium Telephone: +32 2 641 7460 Facsimile: +32 2 641 7461 Frankfurt Siesmayerstrasse 21 D-60323 Frankfurt am Main, Germany Telephone: +49 69 907485 0 Facsimile: +49 69 907485 499 London Ten Bishops Square, 8th Floor London E1 6EG United Kingdom Telephone: +44 203 023 5100 Facsimile: +44 203 023 5109 Milan Via Palestro, 24 20122 Milan, Italy Telephone: +39 02 30414 000 Facsimile: +39 02 30414 005 Paris 96, boulevard Haussmann 75008 Paris, France Telephone: +33 1 42 99 04 50 Facsimile: +33 1 45 63 91 49 Beijing 19/F, Yintai Center Office Tower 2 Jianguomenwai Avenue Chaoyang District Beijing, 100022 China Telephone: +86 10 8567 5300 Facsimile: +86 10 8567 5400 Hong Kong 22/F, Bank of China Tower 1 Garden Road Hong Kong Telephone: +852 2867 1288 Facsimile: +852 2526 2119 Shanghai 35/F Park Place 1601 Nanjing West Road Shanghai, 200040 China Telephone: +86 21 6103 2900 Facsimile: +86 21 6103 2990 Tokyo Ark Mori Building – 34F 12-32 Akasaka 1-chome Minato-Ku, Tokyo 107-6034, Japan Telephone: +81 3 6229 6100 Facsimile: +81 3 6229 7100 Palo Alto 1117 S. California Avenue Palo Alto, CA 94304 Telephone: +1 650 320 1800 Facsimile : +1 650 320 1900 San Diego 4747 Executive Drive, 12th floor San Diego, CA 92121 Telephone: +1 858 458 3000 Facsimile: +1 858 458 3005 San Francisco 55 Second Street, 24th Floor San Francisco, CA 94105 Telephone: +1 415 856 7000 Facsimile: +1 415 856 7100 Washington, D.C. 875 15th Street, N.W. Washington, DC 20005 Telephone: +1 202 551 1700 Facsimile: +1 202 551 1705 Atlanta 600 Peachtree Street, N.E. 24th Floor Atlanta, GA 30308 Telephone: +1 404 815 2400 Facsimile: +1 404 815 2424 Chicago 191 North Wacker Drive 30th Floor Chicago, IL 60606 Telephone: +1 312 499 6000 Facsimile: +1 312 499 6100 Los Angeles 515 S. Flower Street 25th Floor Los Angeles, CA 90071 Telephone: +1 213 683 6000 Facsimile: +1 213 627 0705 New York Park Avenue Tower 75 East 55th Street, 1st Floor New York, NY 10022 Telephone: +1 212 318 6000 Facsimile: +1 212 319 4090 Orange County 695 Town Center Drive, 17th Floor Costa Mesa, CA 92626 Telephone: +1 714 668 6200 Facsimile: +1 714 979 1921 EUROPE ASIA NORTH AMERICA