Education
Boston College Law School
- J.D., 1996
- Supervising Editor, Uniform Commercial Code Reporter-Digest
Tufts University
- B.A. cum laude, 1993
Bar and Court Admissions
- Massachusetts
Practice Focus
Mr. De Vito is Chair of the firm's Finance, Restructure and Workout Group. He focuses his practice on real estate and finance law, representing lenders, borrowers, developers, landlords and tenants in a broad range of commercial transactions. He counsels financial institutions, other lenders and borrowers in loan restructurings, workouts and foreclosures, and all types of financing transactions, including construction and permanent loans, senior and mezzanine financings, multistate portfolio loans, syndicated loans, lines of credit, revolving loans, working capital loans, intercreditor arrangements and securitized loans. He also has extensive experience in leasing, acquisitions and dispositions, sale-leaseback transactions, commercial condominiums and zoning and permitting matters.
Background
Mr. De Vito joined Rackemann as a Director in 2010. Prior to joining the firm, he was a partner in the Boston office of DLA Piper LLP (US).
Martindale-Hubbell has rated Mr. De Vito as “AV Preeminent, 5.0 out of 5,” its highest rating for professional excellence.
He has also been recognized as a Massachusetts SuperLawyer “Rising Star” in a research project conducted jointly by Boston and Law & Politics magazines.
Mr. De Vito maintains a legal blog, Real Estate and Finance Law (www.realestateandfinancelaw.com), dedicated to providing value to professionals in the real estate and commercial finance industries.
Notable Experience
Representation of lenders in loan restructurings and workouts, including a loan secured by residential condominiums in Florida and a loan secured by a shopping center in Illinois.
Representation of the agent bank in a $150 million loan secured by multifamily projects in Georgia and North Carolina.
Representation of the agent bank in a $100 million line of credit secured by environmentally contaminated properties throughout the United States.
Representation of a lender in a $42 million mezzanine loan involving the conversion of an office building in New York City to a luxury apartment complex.
Representation of the owner of a new 500,000 square foot office building in Boston in a $200 million multi-lender construction loan.
Representation of a corporate owner in the sale of its downtown Boston headquarters building. The transaction involved the conversion of an office building containing over 800,000 square feet to a commercial condominium, and the sale and short-term leaseback of a major condominium interest in the building.
Representation of the owner in the permitting of Fan Pier, a major mixed-use development on Boston's waterfront.
Representation of the owner in the permitting, expansion and leasing of the South Bay Shopping Center in Boston.
Representation of a tenant in a 200,000 square foot downtown Boston office lease and numerous other tenants in the negotiation of retail, industrial and office leases.
Professional Activities
- Greater Boston Real Estate Board, Government Affairs Committee
- Certified by the US Green Building Council as a LEED Accredited Professional
- Real Estate Finance Association
- NAIOP
- Boston Bar Association Real Estate Section - Former Co-Chair of the Real Estate Finance Committee
- City of Newton Zoning Board of Appeals, Past Member
- Town of Canton Master Plan Steering Committee, Past Member
Publications
Co-author, "Will the Economy Change Your Contract?," Commercial Property News; radio interview on www.commercialpropertynews.com, April 14, 2009
"Documenting Complicated Real Estate Transactions," a chapter in Drafting Commercial Real Estate Documents (Massachusetts Continuing Legal Education), 2004 and 2009
Co-author, "Are Lease Bonds the Answer to Rising Security Deposits?," Boston Business Journal, December 8, 2000
Honors and Awards
- Massachusetts Super Lawyers (2006-2011)
