City owned Talking Stick Resort Arena gets tenant (Phx Suns) to pay for part of renovation… other part paid with money from TOURISTS (existing tax on hotel rooms and rental cars)

  (Disclosure: Rose Law Group represents the Phoenix Suns) By Jessica Boehm | Arizona Republic The Phoenix City Council is in quite the pickle. The city owns Talking Stick Resort Arena, where the Phoenix Suns play, and the National Basketball Association team wants an upgrade. The Suns signed a 40-year lease with the city in 1992, but a clause in …

Goodyear approves rezoning of Microsoft site

  (Disclosure: Rose Law Group represents PHX 10-11.) By Corina Vanek | Phoenix Business Journal With little fanfare and even fewer details, the Goodyear City Council approved a rezoning request on land owned by Microsoft Corp. this week to allow for light industrial uses, 60-foot metal buildings and chain link fences on the property. Throughout the council’s meeting, the computer industry …

Goodyear approves rezoning of Microsoft site

  (Disclosure: Rose Law Group represents Phx 10-11) By Corina Vanek  With little fanfare and even fewer details, the Goodyear City Council approved a rezoning request on land owned by Microsoft Corp. this week to allow for light industrial uses, 60-foot metal buildings and chain link fences on the property. Throughout the council’s meeting, the computer industry giant was never …

Council bans development, demolition in east Boulder opportunity zone; Dan Gauthier, Rose Law Group transactional attorney handling many Opportunity Zones, comments

  By Shay Castle After an hours-long discussion and with the clock nearing 1 a.m. Wednesday, Boulder City Council voted 6-3 to temporarily ban development of office space and demolition of apartment buildings in a broad eastern swath of the city designated as a federal opportunity zone. Council members Bob Yates, Aaron Brockett and Jill Adler Grano dissented. “With this …

Richmond American Homes to build new neighborhood in Rancho Sahuarita

  (Disclosure: Rose Law Group represents Richmond American Homes) By Karen Schutte | Real Estate Daily Mews Richmond American Homes is the second homebuilder to join Rancho Sahuarita’s newest neighborhood of Entrada Del Rio, with the purchase of 42 finished lots for $2.41 million ($57,286 per lot). Last month, Lennar closed on the first 82 lots in the neighborhood. Entrada Del …

The latest developments on Talking Stick Resort Arena renovations

  (Disclosure: Rose Law Group represents the Phoenix Suns.) By City of Phoenix While the city owns the building, the Phoenix Arena Development Limited Partnership (PADLP) oversees the day-to-day operation of the Arena. The PADLP is an affiliate of the Suns. The contract between the city (“landlord”) and the PADLP (“operator”) could expires as early as 2022. This contract has …

$15 Billion in anticipated Opportunity Zone investment identified by NCSHA; Dan Gauthier, Rose Law Group transactional attorney handling many Opportunity Zones, comments on O-Zones wide-ranging investment potential

    By NCSHA WASHINGTON, DC — The National Council of State Housing Agencies (NCSHA) has released a significantly expanded third edition of its Opportunity Zone Fund Directory featuring 53 Qualified Opportunity Funds (QOFs) representing nearly $15 billion in anticipated investment in designated high-poverty neighborhoods. NCSHA reviewed public information on these 53 funds and found the following. READ ON: “Although the early …