By Candace Taylor | Wall Street Journal In 2011, Texas financier Wilbur Edwin “Ed” Bosarge and his wife of 22 years, Marie Bosarge, used a trust to buy, for about $45 million, a flat on Belgrave Square in London, an area nicknamed “Billionaire Square.” Mrs. Bosarge said she then set about decorating the home with the help of interior designers. …
By Jarred Schenke | Bisnow Atlanta Investors who have like-kind exchange or opportunity zone deadlines between April 1 and July 15 now have a little more time to close their deals. The IRS issued new guidance Thursday night that granted all taxpayers, including “trusts, estates, corporations and other non-corporate tax filers” a filing extension until July 15. The National Association of Realtors told its members the …
By Mike Sunnucks | Rose Law Group Reporter The COVID-19 pandemic is an unrivaled economic challenge, but it is also an opportunity for employers to look at their operations, for entrepreneurs to find silver linings and for all of us to treat each other with more compassion and cooperation. Those were some of the takeaways Rose Law Group’s New Virtual Power Lunch …
By Catherine Reagor | The Republic Foreclosures recently hit a 15-year low in metro Phoenix but could quickly climb as more homeowners can’t pay their mortgage because they lost income or jobs during the COVID-19 pandemic. Already, a record number of Arizonans have applied for unemployment benefits as businesses have shuttered or scaled back operations to slow the spread of the coronavirus. Help is being …
By Mike Sunnucks | Rose Law Group Reporter The COVID-19 pandemic is putting economic development projects on temporary holds. But that does not mean businesses should not continuing moving forward with permits, government entitlements and the logistics of those projects so they are ready to go when the pandemic subsides and the economy reboots. That was one of the discussion …
By Nick Labadie, Senior Planner at Rose Law Group Long-Term Steps Cities and the Development Community Can Start Now in Response to COVID-19 There are a lot of people doing a lot right now to help get this pandemic under control. The help , however, is mostly from politicians, scientists, doctors, nurses, first responders, and law enforcement. For many of the rest of us, we …
By Mark Cowling | Pinal Central FLORENCE — New architectural plans for the preservation of the Francisco Cuen House are finished and have been presented to the Town Council, and “it looks like we can save 85 to 90% of the original building,” co-owner Tom Smith told the Town Council. Smith and his wife, Lynn, owners of the historic …
By Caroline Kane | Forbes When looking for new ways to grow a multifamily investment portfolio, new ventures sometimes can be found in the unlikeliest of places. Qualified opportunity zones, for example, are designated by a federal tax incentive program as “designed to spur economic development and job creation in distressed communities throughout the country and U.S. possessions by providing tax …
When California’s housing crisis slammed into a wealthy suburb, one public servant became a convert to a radically simple doctrine. By Conor Dougherty | The New York Times The City Council of Lafayette, Calif., met the public two Mondays a month, and Steve Falk liked to sit off by himself, near the fire exit of the auditorium, so that he could …
(Disclosure: Rose Law Group represents Mattamy Homes and assisted with the deal to build this road.) By Jen Fifield | AZCentral Spring training fans attending games at Camelback Ranch this year may face less of a traffic jam, thanks to a new road leading to the ballpark. Glendale officials and business leaders on Tuesday celebrated the opening of a new stretch of Ballpark Boulevard, which …
