Teles Properties

Press Release

Beverly Hills, Ca.

June 28, 2010

Teles Properties Announces New CEO

Peter Loewy takes the helm of the dynamic Southern California real estate boutique

Teles Properties’ Board of Directors is delighted to announce that Peter Loewy, our General Counsel and member of our Board of Directors, has accepted the position of Chief Executive Officer and Chairman of the Board for Teles Properties.

Peter has been with Teles Properties for approximately two years, assisting the Board in scaling the company and streamlining operations as well as overseeing our Corporate Legal Affairs.

Peter’s background is broad and diverse, and he is able to provide experience and expertise at many levels.

• At the law offices of Fragomen Del Rey Bernsen and Loewy LLP, Peter managed a number of the firm’s offices across the United States and led its global expansion to eventual placement among the American Lawyer Top 200 law firms. His role culminated with his tenure as Managing Partner of the U.S. firm, scaling what was a one-office law firm in Manhattan into an international legal powerhouse with 35 offices in 15 countries around the globe.
• He also has been a Director of TechVentures Capital, a venture capital firm headquartered in San Diego, and is currently involved in managing one of its remaining portfolio companies.
• As a real estate developer, he has worked with agents and brokerage firms in Southern California, Northern California, Lake Tahoe and the Central Coast.
• As Managing Director of real estate development company Lowy Armstrong LLC, Peter Loewy directed projects across California for over 20 years. During his tenure, the firm acquired and managed diverse real estate investments, including commercial and residential leaseholds, high-end residential development and renovation projects, and larger scale housing projects. Peter is currently involved in several projects, including an 8-house subdivision in Pacific Grove.

Peter has been involved in real estate development, venture capital, and law firm and corporate management, and is ideally suited to take Teles to our next level of success His hobbies include tennis and squash, which he has taught at the professional level. He also dabbles in producing olive oil and wine.

Peter Loewy

peter.loewy@telesproperties.com

www.telesproperties.com

Media Contact

Domain LLC

Susan Pekich

310.738.2298

teles@domain-la.com

Filed under: Teles News and Press Releases on June 28th, 2010