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[Excerpt from AzBigMedia.com]
Real estate law trends to watch this year

Political and economic uncertainty has defined the past year.

With Arizona’s economy showing signs of growth amid low inflation, it seems like a crane casts a shadow over every intersection in downtown Phoenix.

But we are still dealing with an evolving and distressed retail segment and most pencil-pushers are still struggling to understand the implications of President Donald Trump’s changes to the tax laws.

But that’s not the only legal issue we need to be watching. AZRE spoke with some of the great legal minds in commercial real estate to find out what trends and issues they say we should look at before making that next deal.

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Long-term client of Gammage & Burnham, Harvard Investments, is investing more than $40 million this year into Phase I of its 464-acre Cadence at Gateway master-planned community in east Mesa.

Partner Susan Demmitt has been working with Harvard Investments on the Cadence project since 2010. Partner Tom McDonald has also worked with builders regarding the acquisition of parcels within Cadence.

Harvard Investment’s Vice President Tim Brislin recently spoke to the Phoenix Business Journal about the project. According to project plans, Cadence will include 1,600 units of single-family residential homes, 400 units of multifamily and 40 acres of retail and commercial development.

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Viewpoint, the established global leader in innovative construction-specific software solutions, recently announced the acquisition of Keystyle Data Solutions (Keystyle). G&B attorney Tim Forsman represented Keystyle in the transaction which closed in early April, 2018. Tim navigated a complex sale process from start to finish, providing support for intricate issues that arose over the course of the four-month negotiation. At the time of the sale, Viewpoint had already integrated Keystyle software portal into its existing platform to enable efficient management of internal company workflow, and the companies plan to integrate further with constructions ERP and field products.

“Improving productivity for Viewpoint customers was Keystyle’s goal from the start,” said Keystyle Co-Founder Kevin Fisher.

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