Real Estate

Author: Camila Alarcon

With about sixty days into the legislative session, several bills impacting real estate and zoning have survived their first chamber. The following summarizes key bills in two areas: local control and vacation and short-term rentals.  (Click on each bill name to see the full bill text.)

Local Control

• SB1147, a bill that imposes new limits on the sale of municipal properties, passed the Senate on a 16-14 vote, and is now heading to the House. The bill provides that for a property with a value of at least $50,000, the municipality must hire an independent appraiser to determine the sale or lease value, and post public notices of the proposed sale or lease for four weeks in a weekly publication and on the municipality’s website.

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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.

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Congratulations to Gammage & Burnham client Harvard Investments on the grand opening of Cadence at Gateway, Mesa’s newest “fully-planned and fully-amenitized” master-planned community.

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. 

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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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It was recently announced that Gammage & Burnham PLC is nationally ranked in eight practice areas and regionally ranked in 18 practice areas.  The U.S. News – Best Lawyers® “Best Law Firms” rankings are based on a rigorous evaluation process, and Best Lawyers is the oldest peer-review publication in the legal profession.

According to Best Lawyers, a tier designation reflects a high level of respect a firm has earned among other lawyers and clients for their abilities, their professionalism and their integrity. There are three tier levels, with one being the highest. Gammage & Burnham received first-tier rankings among firms in the Phoenix metro area for ten practice areas: Administrative/Regulatory Law; Bankruptcy and Creditor Debtor Rights/Insolvency and Reorganization Law; Business Organizations (including LLCs and Partnerships); Commercial Litigation; Construction Law; Health Care Law; Land Use & Zoning Law; Litigation – Construction; Litigation – Land Use & Zoning; Litigation – Real Estate; Real Estate Law; and Securities Regulation.

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