Provided by the City of Goodyear (Disclosure: Rose Law Group represents Microsoft.) By Phoenix Business Journal Microsoft will build three data center campuses in the West Valley. Redmond, Washington-based tech giant Microsoft Corp. has agreed to switch its cooling system for future data centers in Goodyear and invest more than $40 million to expand the city’s wastewater capacity through an updated development agreement …
(Via City of Chandler) By Ron Davis | Phoenix Business Journal Chandler City Council approved ordinances Monday for a new provisions on data center development and a new downtown mixed-use development. Council unanimously voted to collectively approve adoption of a zoning code amendment for the location and operation of data centers and a rezoning and preliminary development plan for The District Downtown on its consent agenda, which included other ordinances. Read the full subscription story from …
(Disclosure: Rose Law Group represents Aligned Data Centers.) By Ron Davis | Phoenix Business Journal After hearing from a data center developer’s lawyer, Chandler City Council postponed action until next month on an ordinance that would add noise and other requirements for data centers within the city. The decision came after Cameron Carter, an attorney with Rose Law Group who …
By Mike Sunnucks | Rose Law Group Reporter Pinal County has lowered a number of development impact fees for commercial and residential developments. The fees are what developers and builders pay to the county to help with the costs of infrastructure and services that accompany new growth. The Pinal County Board of Supervisors has approved the lower impact fees. The fees vary by …
By Alyssa Tufts | AZBigMedia Real estate is one of Arizona’s most powerful economic drivers in Arizona. However, certain real estate investors could see a decline in profits and their income tax rate could increase if a plan Democratic Presidential nominee Joe Biden proposed is enacted. Biden recently announced a $775 billion plan to boost Child and Elderly care. The …
By Esther Fung | The Wall Street Journal Retail landlords are including pandemic language in new leases, a previously rare feature as tenants seek protection after the first government-mandated coronavirus shutdowns in March complicated their negotiations for rent relief. Because many insurance policies didn’t cover pandemic-related losses, landlords have offered various concessions to attract and retain tenants, including allowing them …
By AZRE | AZ Big Media Applications for Arizona’s Rental Property Owner Preservation Fund, providing assistance to rental property owners across the state who are facing a loss of rental income due to COVID-19, opened today. Governor Doug Ducey announced $5 million for this Fund last month. All applications will be accepted on a rolling basis until the entire amount is awarded. …
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 …
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 …
Twitter By Angela Gonzales | Phoenix Business Journal Out-of-state investors circling the Valley that are waiting to swoop in and buy distressed multifamily units in the region may be waiting a while. Cameron Carter, a partner at Phoenix-based Rose Law Group who is heading up a new practice group focused on strategic due diligence and opportunistic acquisitions, said he’s expecting some distress …
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