Jeffrey S. Shamberg

Jeff concentrates his practice in the firm's tax and business planning group.  His practice spans a wide range of international, federal, and state and local tax planning and controversy matters for both institutional and entrepreneurial clients.  He has extensive experience representing real estate investment trusts (REITs), corporations (including S corporations), partnerships, LLCs and individuals with regard to complex tax issues arising in connection with business formations and reorganizations, equity offerings, mergers and acquisitions, dispositions, joint ventures, loan transactions and work-outs, and like-kind exchanges.  He also represents business entities and individuals before the Internal Revenue Service and the Illinois Department of Revenue in connection with tax controversy matters.

Jeff is a certified public accountant.  Prior to receiving his law degree he worked in the Los Angeles office of Price Waterhouse.

Representative Clients

• First Industrial Realty Trust
• LVMH

Representative Matters

• First Industrial Realty Trust Joint Ventures with CalSTRS
  

  Represented First Industrial in the formation of four joint ventures with CalSTRS, including three joint ventures for an aggregate investment of $1.8 billion in U.S. real estate and a $285 million joint venture for real estate investment in Canada; and in the negotiation of several subscription debt facilities with WestLB AG, New York branch, including two multicurrency facilities totaling $950 million.

• Football Fanatics Private Equity Investment
  

  Represented Football Fanatics in connection with its recapitalization and sale of Series A Preferred Shares to a well-known private equity firm.

• Piazza Sempione Joint Venture
  

  Represented Piazza Sempione, an upscale fashion line headquartered in Milan, Italy, with respect to formation of joint venture with IK Enterprises for the development and operation of Piazza Sempione retail stores in the U.S.

• The Shidler Group/Pacific Office Properties Trust Reverse Merger
  

  Represented The Shidler Group in connection with the formation of a new public west coast-focused office properties REIT in a "reverse merger" transaction involving the contribution of The Shidler Group's western U.S. office building portfolio to a newly created operating partnership subsidiary of Pacific Office Properties Trust and the assumption of indebtedness in excess of $750 million.

Professional Activities and Honors

• Member, Chicago Bar Association
• Member, American Bar Association

Publications

• Client Action Alert - LLC and LLP Investors May Be Able To Treat Entities' Income and Losses as Passive
• "Considerations in Electing S Corporation Status," Chapter 13S in Limited Liability Companies and S Corporations, IICLE, 2005, revised and updated 2008
• "M & A Tax Basics," Chapter 3S in Business Law Volume IV, IICLE, 2005, revised and updated 2008
• "New S Corporation Provisions Provide Tax-Saving Opportunities for Banks," Journal of Bank Taxation, Spring 1997