Parineh as a brilliant person who came to the United States from Iran
as a young man with his then-22-year-old wife, Parima. Peter Parineh
graduated from UC Berkeley in 1967 with a degree in mechanical
engineering, though he eventually gravitated toward investing in real
In subsequent years, his wife bore three children — two sons and a daughter — and worked toward becoming a respected painter.
website dedicated to Parima Parineh's work lists a string of
first-place awards at Bay Area art shows. Friends who asked not to be
identified said she was a soft-spoken, loving woman who was passionate
about her artwork.
But the couple's life and finances were not
perfect and became less so as the years passed. Peter Parineh's real
estate investments were heavily impacted as the credit crunch and
real-estate meltdown were hitting with full force in 2008.
Chetal gave the example of a commercial building in Los Altos that Peter Parineh bought for $11.5 million in 2006.
In September 2009, the bank increased the interest rate on his loan from 6.5 percent to 12.5 percent, Chetal said.
Peter Parineh could no longer make his payments, and Chetal said the last he'd heard, the building was in foreclosure.
to the Santa Clara County Assessor's Office, the building is still
owned by Austiaj Limited Partnership II, which is headed by Peter
At the time of Parima Parineh's death, the couple was
delinquent on property tax payments for three homes on the Peninsula:
their primary residence at 50 Fox Hill Road, which is in foreclosure; a
home on Whiskey Hill Road in Woodside that friends say Parima Parineh
used as a studio; and a house at 20978 Saraview Court in Saratoga.
There were also several lawsuits filed by and against the Parinehs.
One of them was a lengthy legal battle with a neighbor over a driveway, and another was over a real-estate deal gone sour.
latter went to the Fifth District Court of Appeal in Fresno and ended
with Peter Parineh being ordered to pay $1.1 million to a business
Peter Parineh also suffered from health problems over
the years, including a painful circulation problem in one of his feet
and heart problems, sources said.
Parima Parineh appears to have had troubles of her own.
March 16, San Mateo County sheriff's deputies temporarily hospitalized
her for psychiatric reasons. They also confiscated several guns.
Friends of the couple said that, despite the problems, there was little indication tragedy was in the offing.
"It is a horrible, horrible thing," said a friend who asked not to be identified. "It was such a waste of a beautiful life."