Peter Steigleder – COO of Fidelity – has 28 years of banking, economic development and commercial real estate experience. After studying real estate and finance at Cal State Northridge, Peter served as Director of Economic Development for the German Consulate General in Los Angeles. He began his real estate career at Beitler Commercial in 1999, advancing quickly to Senior Vice President. In 2006, Peter joined Lee & Associates. His consistent performance, as one of Lee’s top producers, soon elevated him to be a Principal.
During the market turmoil in 2009, Delphi Business Properties approached him with an offer of partner, specializing in the industrial market. He accepted, as it was a superb opportunity to gain more experience turning around struggling industrial properties. This market rebounded, and he later turned these skills into the development of hotels, self-storage and mixed use projects by founding Hudson Commercial Partners. He continues to retain a passive equity investment there.
Chuck Hershson (the founder of Fidelity) convinced him to join as part of the succession plan for the firm in 2017. He needed Peter’s skills in development, property appraisal, and funding. Further, he saw Peter’s completed +600 sales, leasing and development transactions as a similar background to his own. Chuck is now gradually transitioning Fidelity to Peter’s ownership and management.
He and his wife, Sarah are active in the LA professional and nonprofit community. Sarah is a corporate finance attorney at Levy, Small & Lallas. Peter and Sarah’s family volunteer often at Los Angeles non-profits. He contributes most of his volunteer time and management skills to The Guardians of the Los Angeles Jewish Home for the Aging, where he currently serves as the President.