Practice Areas

Issue: May 29, 2018

New Audit Rules: Part 3 – Who Pays the Tax?

This is the third of our articles dealing with the new audit rules established for partnerships for tax years beginning after December 31, 2017.  This article deals with whether, after an audit resulting in the need for additional payment to the IRS, to (a) apply the default rule of taxing the partnership during the year of the audit (the “audit year”) so that the then-current members bear the tax burden, or (b) elect to “push out” the tax to those who were partners during the year being audited (the “review year”).

Read More

Author: Camila Alarcon

Issue: May 21, 2018

Online Sales and Delivery of Alcohol

Arizona Attorney General Mark Brnovich issued an opinion, dated April 6, 2018, on the sale and delivery of alcohol, and the use of websites and mobile device applications for the delivery of alcohol. This opinion changes or clarifies, depending on your point of view, the following common practices:

• Those businesses that can receive orders online need to ensure that orders are not placed or transmitted between 2:00 a.m. and 6:00 a.m. This includes retailers with off-sale privileges, direct shipment licensees, farm wineries, and craft distilleries.

Read More

[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.

Read More

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.

Read More

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.

Read More