Posted by Chris Raddatz
The Internal Revenue Service (IRS) released its second batch of guidance late last month regarding “opportunity zones.” Opportunity Zones were created as part of the Tax Cuts and Jobs Act of 2017 to incentivize investment in designated, economically distressed communities. The 169 pages of proposed regulations provide additional guidance to investors, fund managers and others seeking to bring equity capital to operating and real estate businesses within the OZs.
While many investors and fund managers have been active in investing in the OZs, the lack of regulatory guidance has somewhat limited the activity, especially as to operating businesses (versus real estate investment).
Gammage & Burnham is pleased to announce that Chambers USA 2019: America’s Leading Lawyers for Business has ranked six of the firm’s attorneys and our largest practice group among the best in the U.S.
Chambers and Partners, which produces “Chambers USA,” is a client referral organization that researches and subjectively ranks attorneys and law firm practice groups nationwide. It ranks firms and lawyers who are considered leaders in their profession.
Gammage & Burnham is pleased to announce the election of Nicole Ricker to Equity Partner of the firm as of 2019.
Nicole has been with the firm since 2016 and her practice focuses on the real estate industry and the related zoning and business transactions that come with it. She is often found advising clients who are acquiring, developing, leasing, managing and selling real property. Her experience includes working with development agreements, site development, subdivision and master planning, land assemblage, and due diligence. Nicole has represented for-profit and nonprofit companies, regional and local developers, retailers and investors, and she is well versed in real estate projects including mixed-use, retail, industrial, office, resort, and condominium projects.
Cadence at Gateway – just off SR 24 at Ellsworth and Ray Roads in Mesa – officially opened its doors through a grand opening event Saturday, October 20 with tours of the Community Center, Fitness Center, resort-style pools, builder models and community offerings.
Craig Krumwiede, President of Harvard Investments, shared a statement about the project:
“We’ve had tremendous interest in Cadence and are pleased to welcome those ready to see first-hand this wide variety of beautiful homes and our private, resort-style amenities.
Gammage & Burhman partner Manjula Vaz was quoted in an AZ Central article focused on manufactured housing. The AZ Central article highlights manufactured housing as a potential answer to metro Phoenix’s affordable housing problem.
Earlier this month, Vaz spoke on a panel with the W.P. Carey School of Business Center for Real Estate Theory and Practice, discussing the regulatory environment and the planning and zoning that surrounds manufactured housing.
Read the full AZ Central article online.
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