Raintree Investment, Richmond American Homes rolling out new Avondale development

(Disclosure: Rose Law Group represents Raintree Investment Corp. and Richmond American Homes on this deal.) By Mike Sunnucks | Rose Law Group Reporter Phoenix-based Raintree Investment Corp. is developing a 435-lot new residential development in Avondale at Buckeye Road and 107th Avenue. The Avondale development is called Vista del Verde. Chris Janson, executive vice president for Raintree, said, said the first …

New IRS guidance provides additional relief and flexibility to Opportunity Zone investors, by RLG attorney Dan Gauthier and law clerk Peter Furlow

     Print       Email   By Rose Law Group Attorney Dan Gauthier and Rose Law Group Law Clerk Peter Furlow The opportunity zone program was enacted by Congress as part of the Tax Cuts and Jobs Act in 2017. It was designed to incentivize investment and drive economic growth in qualifying distressed communities. Congress encouraged investors by offering substantial tax benefits, such as deferral and stepped-up …

O-Zone funds work to regain mo; still ‘attractive option,’ says Dan Gauthier, RLG transactional attorney handling many Opportunity Zone investments

By Beth Mattson-Teig | National Real Estate Investor COVID-19 has created a new headwind for developers and sponsors raising capital for opportunity zone (OZ) investments. The 2017 tax reform legislation that created OZs unleashed a frenzy of new funds and groups chasing what was projected to be billions of dollars in fresh investment capital aimed at revitalizing economically distressed communities. …

How COVID can affect your contract, feat. RLG attorneys Dan Gauthier and Olen Lenets

Arizona Commerce Authority Catch Rose Law Group attorneys Dan Gauthier and Olen Lenets on Arizona Commerce Authority’s “Small Business Bootcamp” webinar tomorrow at 9am as they talk force majeure and other contractual matters that have come to the legal forefront during the pandemic crisis. This session will help you identify stipulations in your contract that would qualify COVID-19 as a force majeure clause, potentially excusing binding performance obligations. …

Don’t miss Rose Law Group’s New Economy (Virtual) Power Lunch… Friday at noon!

Don’t Miss Rose Law Group’s New Economy (Virtual) Power Lunch…this Friday at noon! Are you ready for episode 12 of our weekly power lunch? Because we have something pretty cool in store. This past Friday forum participants voted overwhelmingly in favor of having RLG’s virtual power lunch continue throughout the summer! With that in mind — and as a small tribute …

Chandler tech firm expands iBuying model

Brian Bair – Founder and CEO of Offerpad (Disclosure: RLG represents Offerpad.) By Angela Gonzales | Phoenix Business Journal Chandler-based Offerpad is moving beyond direct purchasing and now can help seller’s list their homes publicly on the open market. Brian Bair, founder and CEO of Offerpad, said the iBuyer side of the business has been successful for Offerpad. Read the …

How a tax benefit for developers could backfire in pandemic; RLG Partner and Transactional Department Director Cameron Carter comments

By Paul Sullivan | New York Times Something remarkable is percolating in the commercial real estate market: Investors may end up losing millions in tax savings on gains from the sale of their properties because of the coronavirus pandemic. Like-kind real estate exchanges, also known as 1031 exchanges (after the provision in the Internal Revenue Code), allow investors to sell a …

Rose Law Group’s New Economy (Virtual) Power Lunch Season 1 Episode 11

Rose Law Group hosted the eleventh episode of The New Economy (Virtual) Power Lunch today. RLG Founder and President Jordan Rose and RLG Co-Founder and Partner Court Rich engaged with another panel of local leaders who shared their insights on COVID-19’s impact on our state. This week our panel featured some of the best and brightest in the homebuilding, real estate development and local government …

Buyer Beware: The ‘AS-IS’ Clause and Warranty Disclaimer

By Rose Law Group Law Clerk Peter Furlow and Rose Law Group Partner Cameron Carter The condition of a property is often a focal point in the negotiation of a sales transaction. Buyers usually want certain assurances or warranties regarding the condition of the property. Sellers, on the other hand, want to limit their liability regarding the condition of the property. Perhaps the …

iBuying giant tweaks model to pursue listings

(Disclosure: RLG represents Offerpad.) Realtor Magazine | National Association of Realtors Offerpad, one of the nation’s largest iBuyers, is expanding its services beyond instant cash offers on homes to also give sellers an opportunity to list homes publicly. The firm announced Monday the launch of its Real Estate Solutions Center, which includes concierge services for getting homes ready to list on …