Awards & Rankings 06.05.25
With Record Results, Pillsbury's 2025 Chambers USA Rankings Reflect Emphasis on the Intersection of Technology Innovation, Capital and Government
The Firm Earned 52 Practice and 126 Lawyer Rankings in the Prestigious Guide
Noa is excellent at simplifying complex matters.
Pillsbury Partner Noa Clark is a trusted advisor to clients navigating complex business transactions, with a focus on commercial real estate and the sports industry.
She counsels leading participants across both sectors—including private equity firms, professional sports teams, and real estate developers and owners—helping them achieve strategic goals through collaborative, creative and commercially grounded legal solutions.
Noa is recognized in premier legal directories, including Chambers USA and The Legal 500, for her practical approach and deep industry knowledge. Noa regularly advises on:
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- Governance, ownership and incentive compensation matters
- Joint ventures
- Financings and capitalizations
- Strategic investments and dispositions
- Structuring and advising on public-private partnerships
- Single-asset and multi-property portfolio financings, acquisitions and dispositions
She represents both public and private, national and international real estate investors in a range of transactions and across a wide range of asset classes, including office, hotel, retail and multifamily projects. Her experience spans all aspects of commercial real estate transactions, from fund formation and ownership structuring, joint ventures and recapitalizations, to development, financing, acquisitions and dispositions, construction and management agreements. She is also highly experienced in advising on public-private partnerships.
In addition, Noa plays an active role in Pillsbury’s Sports Law practice. She advises on a variety of matters involving individual teams, leagues and ownership groups, including control sales, minority interest sales, team acquisitions, financings, stadium development, corporate governance, and leasing and licensing arrangements.
Noa is also actively involved in the San Francisco community and serves on the board of the San Francisco Chamber of Commerce.
Representative Experience
Real Estate Industry
- Represents institutional investors and private equity funds in fund formation matters, joint ventures, acquisitions, financing, management, development, construction, and operation of real estate portfolios throughout the nation and across asset classes.
- Counsels and advises real estate investment companies on structuring and implementation of long-term executive incentive programs and corporate structuring matters.
- Represents owners and operators in single-asset and multi-property portfolio financings, acquisitions and dispositions.
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- Represents investors and developers on public-private partnerships.
- Represents owners and investors in the sale, leaseback and acquisition of data centers;
- Represents tenants and landlords in sale-leasebacks, major commercial leases and construction buildouts of main office space.
- Serves as counsel to a P3 concessionaire in the development and operation of a major long-term public-private partnership.
- Represents developers in their partnership with public universities in structuring bond-financed public-private partnership projects.
- Sports Industry
- Serves as outside counsel to MLB franchise on a wide range of matters.
- Represents sports franchise in strategic investments, acquisitions and sales.
- Counsels and advises on ownership structuring, capital structuring, acquisitions and dispositions, and change-in-control transactions.
- Lead counsel on disposition of a minor league baseball team.
- Counsels and advises on dispositions of minority ownership interests in sports teams.
- Advises the Professional Women’s Hockey League on stadium licensing and leasing matters.
- Counsels on application of League Wide Rules and Regulations
Professional Highlights
Professional Highlights
- Recognized by Chambers USA in California Real Estate: 2021 – 2024
- Best Lawyers (published by BL Rankings LLC), Land Use and Zoning Law (2024 – 2025); Real Estate Law (2021 – 2025)
Associations
- Board Member, San Francisco Chamber of Commerce
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- Member, NAIOP
- Blogs
- “Women’s Professional Sports Continues to Grow by Courts (and Rinks) and Bounds,” Pillsbury’s Gravel2Gavel, March 10, 2021.
Education
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J.D., New York University School of Law, 2007
B.A., Business Economics, University of California, Santa Barbara, 2003
Admissions
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California