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Grady Gammage Jr. Named Honorary Board Member of Valley Partnership
Valley Partnership, the Valley’s leading voice for responsible development, recently named four real estate industry leaders as inaugural Honorary Board Members Grady Gammage, Jr., the firm’s founding member. The Gammage & Burnham firm has long been a supporter and sponsor of Valley Partnership and its goals.
“The issues that Valley Partnership addresses are increasing complex – engaging with legislative leaders at the local, state, and federal levels. From water to entitlements, from investments to economic development, these leaders have worked across these segments and are proven thought leaders and do-ers. They have served on the governing board of directors for Valley Partnership and now we can look their strategic advice on issues of import to our industry and leverage their experience and expertise when needed,” said Cheryl Lombard, President/CEO of Valley Partnership.
Legal Alert: Opportunity Zones And Opportunity Funds
Posted by Chris L. Raddatz
Opportunity Zones and Opportunity Funds—A Win-Win for Investors and Low-Income Community Businesses
An often-overlooked program enacted as part of the Tax Cuts and Jobs Act creates Opportunity Zones to incentivize economic development and job creation in low-income communities. The new program, outlined in new Internal Revenue Code sections 1400Z-1 and -2, allows unlimited amounts of otherwise taxable capital gains to be deferred and subsequent earnings on capital gains invested in Opportunity Funds to be forgiven altogether. To defer the gain, a taxpayer must invest the proceeds from the sale into an Opportunity Fund within 180 days in an amount equal to the gain being deferred.
Mike King’s Corner: Click in Haste, Repent at Leisure!
Author: Michael R. King
Issue: March 19, 2018
QUESTION: AM I STUCK WITH THIS STUPID DEAL AFTER I CLICKED THE “BUY IT NOW” BUTTON?
ANSWER: YOU SHOULD THINK BEFORE YOU CLICK!
You can buy $400,000 diamond rings on the internet by clicking a button. Heck, you can even buy houses and real estate online without having seen them. That doesn’t mean that it is a good idea, however. Take the case of Julie Rohr, for example.
“This diamond ring doesn’t shine for me anymore . .
Cheers to 35 Years
Gammage & Burnham Celebrates 35 Years!
March 1, 2018 marked the 35th Anniversary of Gammage & Burnham. Since forming in 1983, the firm has grown to 33 attorneys and more than 30 support staff, and its Arizona roots continue to grow stronger with each passing year. G&B’s 35th Anniversary milestone marks the vitality of a firm built on long-term client relationships, community involvement, and a business-minded philosophy. The firm’s diversity of expertise is powered by the talented attorneys who come with credentials that are difficult to match. Beyond longevity, Gammage & Burnham has earned an uncommon loyalty from its clients, many of which have worked with the firm since its inception.
Pat Nolan featured in Az Top 100 Lawyers 2018
Congratulations to Pat Nolan for making the Top 100 Lawyers in Arizona for 2018.
For those of you who get the Az Business Magazine, check out her picture in this month’s edition on page 58. This list of Top 100 Lawyers in Arizona were chosen by Az Business magazine’s editorial team in collaboration with industry experts. The attorneys were selected from a pool of nearly 2,000 of the state’s most talented and successful attorneys. Selections are based on each lawyer’s professional success and ratings, impact on his or her law firm, impact on the communities she/he serves and impact on the legal profession.
