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G&B Bikes in the 2018 Tour de Ren!
Gammage & Burnham Attorneys & Staff cycled to raise money in the second annual Tour de Ren event in mid-April. Tour De Ren is a high-energy, music filled, outdoor spin cycle event hosted by Renaissance Square in downtown Phoenix. Building tenants, contractors and service providers are invited to sponsor a spin bike and spin alongside the team of participants and sponsors alike. he event helped to raise over $16,000 for the Hope Fund at Phoenix Children’s Hospital!
Check out the photos from our G&B Riders on our Facebook page.
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Gammage & Burnham Attorneys Named 2018 Southwest Super Lawyers
Gammage & Burnham is proud to announce that eight attorneys have been named by Southwest Super Lawyers® magazine as among the top attorneys in Arizona for 2018. Additionally, three attorneys were named to the 2018 Southwest Rising Stars list.
Super Lawyers®, a Thomson Reuters business, is a rating service that recognizes outstanding lawyers who have gained a high degree of peer recognition and professional achievement. Statewide selections are made annually using a multi-phased process that includes independent peer nominations, peer evaluations, and research. No more than five percent of total lawyers in a state are selected for inclusion in Super Lawyers.
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Grady Gammage Jr. Named Honorary Board Member of Valley Partnership
Valley Partnership, the Valley’s leading voice for responsible development, recently named four real estate industry leaders as inaugural Honorary Board Members Grady Gammage, Jr., the firm’s founding member. The Gammage & Burnham firm has long been a supporter and sponsor of Valley Partnership and its goals.
“The issues that Valley Partnership addresses are increasing complex – engaging with legislative leaders at the local, state, and federal levels. From water to entitlements, from investments to economic development, these leaders have worked across these segments and are proven thought leaders and do-ers. They have served on the governing board of directors for Valley Partnership and now we can look their strategic advice on issues of import to our industry and leverage their experience and expertise when needed,” said Cheryl Lombard, President/CEO of Valley Partnership.
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Legal Alert: Opportunity Zones And Opportunity Funds
Posted by Chris L. Raddatz
Opportunity Zones and Opportunity Funds—A Win-Win for Investors and Low-Income Community Businesses
An often-overlooked program enacted as part of the Tax Cuts and Jobs Act creates Opportunity Zones to incentivize economic development and job creation in low-income communities. The new program, outlined in new Internal Revenue Code sections 1400Z-1 and -2, allows unlimited amounts of otherwise taxable capital gains to be deferred and subsequent earnings on capital gains invested in Opportunity Funds to be forgiven altogether. To defer the gain, a taxpayer must invest the proceeds from the sale into an Opportunity Fund within 180 days in an amount equal to the gain being deferred.
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Mike King’s Corner: Click in Haste, Repent at Leisure!
Author: Michael R. King
Issue: March 19, 2018
QUESTION: AM I STUCK WITH THIS STUPID DEAL AFTER I CLICKED THE “BUY IT NOW” BUTTON?
ANSWER: YOU SHOULD THINK BEFORE YOU CLICK!
You can buy $400,000 diamond rings on the internet by clicking a button. Heck, you can even buy houses and real estate online without having seen them. That doesn’t mean that it is a good idea, however. Take the case of Julie Rohr, for example.
“This diamond ring doesn’t shine for me anymore . .
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