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Real Estate
Gammage & Burnham Secures Entitlement Approval for Greenwood Brewery Project on Roosevelt Row
Congratulations to Gammage & Burnham clients Greenwood Brewing and Made, LLC on the land use entitlement approvals for Greenwood Brewing Brewery & Taproom! We are happy to be part of helping Megan Greenwood, Greg Esser and Cindy Dach bring a unique combined microbrewery and art space to Roosevelt Row.
Gammage & Burnham partner Manjula Vaz and associate Mike Maerowitz recently secured approval of land use entitlements for Greenwood Brewing Brewery & Taproom coming to Roosevelt and 5th Street in downtown Phoenix. This new adaptive reuse project will serve locally brewed beer in a welcoming bar and beer garden environment at Roosevelt and 5th Street.
Opportunity Zones: New Guidance from the IRS
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 Ranked in Chambers USA 2019
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.
The firm earned rankings in two of its core areas:
Zoning/Land Use (Band 1) and Real Estate (Band 2*).
Bills Move to Restrict Sales of Municipal Properties, Lawsuits against Developers, and Vacation Rentals
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.
Gammage & Burnham elects Nicole Ricker to Equity Partner
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.
