News
Timothy J. Martens Elected as Managing Partner
Gammage & Burnham is pleased to announce that Timothy J. Martens was elected Managing Member of the Firm on May 13, 2015. Tim started his legal career at the Firm. Tim has been associated with Gammage & Burnham for more than 20 years and has held numerous leadership roles, including participation on the firm’s compensation committee and serving as chair of the Marketing Committee. He is a graduate of the University of Arizona. Tim’s law practice focuses on real estate, lending and business transactions, including the purchase, sale, leasing and development of real estate, business planning and commercial lending transactions.
Client Douglas Wilson Receives Approval from City of Tempe for Project at Former Monti’s Site
Firm client, Douglas Wilson Companies, was successful in obtaining approval from the City of Tempe for their One Hundred Mill mixed use project. The project consists of two towers on the historic Monti’s La Casa Vieja site at Mill Avenue and Rio Salado in the City of Tempe.
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Kevin Blakley and Greg Gnepper Prevail in Bankruptcy Dispute
Attorneys Kevin Blakley and Greg Gnepper recently prevailed in a disputed bankruptcy matter. Confirmation of a proposed Chapter 11 Plan of Reorganization was contested. Our client was a financial institution with a large claim secured by real property. If confirmed, the Plan would have forced our client to reduce its claim by the value of collateral—even though the client preferred not to foreclose. After an evidentiary hearing and full briefing, the court rejected the Plan as not being “fair and equitable.”
For the opinion, please see: opinion
Kevin Blakley and Greg Gnepper Win Major Commercial Loan Litigation Case
Attorneys Kevin Blakley and Greg Gnepper recently prevailed in hotly contested litigation over a commercial loan. At stake was a post-foreclosure deficiency claim exceeding $5 million. The parties disputed the value of commercial property that served as collateral, and certain defendants also argued that language in the loan documents limited their exposure. After a full trial involving multiple expert witnesses, our client prevailed on all issues—and the Arizona Court of Appeals affirmed the judgment in all respects. The appellate opinion is available at AmT CADC Venture vs. Sun American, 2015 WL 1456668 (Ariz.App. 2015).
