Tag Archives: Jordan Rose

Jordan Rose

Jordan Rose – 50 Most Influential Women in Arizona Business

Jordan Rose – Owner, Rose Law Group

In 2000, Rose founded Rose Law Group, a fullservice law firm that that is known for its work in real estate, litigation, family, tax, estate planning, intellectual property and environmental issues. Rose Law Group is currently the largest law firm owned by a woman in the Southwestern United States.

Surprising fact: “I love listening to sports radio.”

Biggest challenge: “The recession hit and instead of prolonged pouting, I decided to use it as an opportunity for expansion and practice area diversification. We ended up growing during the downturn, expanding litigation and tax; and adding estate planning, criminal, intellectual property and family law practices.”

Fifty Most Influential Women in Arizona Business – Every year in its July/August issue Arizona Business Magazine features 50 women who make an impact on Arizona business. To see the full list, read the digital issue >>

legal

Top Lawyers list: Government relations

Az Business magazine’s 2013 top lawyer list was created after the editorial department asked Arizona law firms to nominate their two best attorneys from 16 different categories for consideration. Those nominees were put on a ballot and were voted on by their peers in the legal community and the readers of Az Business magazine to determine the exclusive 2013 Az Business Magazine Top Lawyers list.

Clare Abel
Burch & Cracchiolo, P.A.
602-234-9920
bcattorneys.com
Abel concentrates her practice primarily in the areas of real estate, zoning and condemnation Law. She is listed in Southwest Super Lawyers, Best Lawyers in America and Arizona’s Finest Lawyers.

S. David Childers
Kutak Rock LLP
480-429-4880
kutakrock.com
Childers served on the U.S. Secretary of Health & Human Services’ Task Force on Long-Term Health Care Policies, and the Governor’s Private Sector Task Force on Long Term Care and the University of Arizona College of Business & Public Administration National Board of Advisors.

Robert D. Dalager
Gallagher & Kennedy, P.A.
602-530-8540
gknet.com
Dalager practices governmental affairs and land use law.  Prior to joining Gallagher & Kennedy, Dalager was with the Arizona State Senate for nearly 10 years.

Gregory Y. Harris
Lewis and Roca LLP
602-262-0218
lrlaw.com
Harris has extensive experience appearing before state and federal agencies and in state and federal court, and appears regularly before the Arizona Legislature.

Yvonne R. Hunter
Fennemore Craig, P.C.
602-916-5386
fclaw.com
Hunter’s practice focuses primarily on government affairs. Hunter formerly served as an Assistant Arizona Attorney General in the Arizona Attorney General’s Office.

Joseph A. Kanefield
Ballard Spahr LLP
602-798-5468
ballardspahr.com
Kanefield’s practice is focused on government relations, civil and appellate litigation, public-private partnerships, administrative law, state and local tax matters, gaming, and election and campaign-finance law.

Timothy A. La Sota
Tiffany & Bosco, P.A.
602-452-2712
tblaw.com
La Sota practices in the areas of government relations, regulatory and administrative law, election law, land use and procurement.

Paige A. Martin
Kutak Rock LLP
480-429-4827
kutakrock.com
Martin, an AV Preeminent Peer Review Rated partner in the firm’s Scottsdale office, and primarily represents governmental entities and private employers.

Mary R. O’Grady
Osborn Maledon, P.A.
602-640-9352
omlaw.com
As a former solicitor general for the State of Arizona, O’Grady has a unique breadth of experience with public law issues. Her areas of expertise include election and campaign finance law and state constitutional law.

Jordan Rose
Rose Law Group
480-505-3939
roselawgroup.com
Rose practices in the areas of government relations, municipal issues, land use, zoning, administrative law, renewable energy, and lobbying.

John B. Shadegg
Steptoe & Johnson LLP
602-257-5204
steptoe.com
Shadegg, former U.S. Congressman, was elected to the U.S. House of Representatives in1994 and served eight terms before retiring from Congress in 2010.  He practices in Steptoe’s Government Affairs and Public Policy group.

David K. Udall
Udall Shumway PLC
480-969-3043
udallshumway.com
Udall has successfully represented a variety of clients with zoning and development issues before the City of Mesa, Maricopa County, Town of Gilbert, City of Chandler, and Casa Grande.

column1

Banks Need Accurate Information To Handle Real Estate Assets

As an unintended consequence of the current real estate market, bankers are (reluctantly) being forced into the real estate business. They weren’t necessarily planning on it, but it is a consequence nonetheless.

Arizona Business Magazine, September 2008Right now, lenders are in the position where they have all kinds of real estate and land assets that they need to figure out what to do with. Many banks might not realize that they need certain tools to help understand these assets in order to make educated business decisions. Borrowers may be close to default and banks need to figure out what makes the most sense — selling the asset, keeping it or doing some sort of deal to get a non-performing asset off the books for a period of time until it becomes performing.

Lenders will typically consult with a financial consultant on a bank’s assets, but each real estate asset is truly unique. Performance should be analyzed from a land use/zoning/platting perspective. It is impossible to make a good business decision on the potential disposition (or purchase) of land if you do not have all of this information. Documents granting approvals have to be studied, federal regulatory schemes complied with (404 issues, etc.), development agreement terms studied, ordinance provisions reviewed, etc.

Saying a property is “entitled” can be misleading. The property may be entitled to something, but to what exactly is it entitled? Entitlements are a complex process with multiple steps along the way, each step potentially adding another layer of value to a particular asset. Depending upon where a property is in the process, it may be worthwhile for banks to examine the possibility of continuing the entitlement process in order to add more value. The only way to perform a thorough analysis of any real estate asset is to employ a real estate expert who understands the entitlement process, and the complex legal documents attached to a piece of real estate.

Banks need a comprehensive assessment of real estate assets, which outlines what they have and gives them options for going forward with the assets to realize the most value. The quick and easy decision to simply sell the asset and get it off the books is oftentimes the wrong choice, and banks need to do their homework before making any hasty decisions. Land holding assessment should show each asset and a choice of strategies, along with time lines and cost estimates to get the asset to perform. Very few real estate experts are qualified to perform these non-biased assessments. A broker may have pertinent market knowledge, but to fully evaluate the situation,one must have a very specific understanding of the entitlement process, which is crucial to the value of a piece of land.

Another problematic issue facing banks involves inaccurate real estate appraisals. There are many aspects of the development process that an appraiser might not take into account, which can alter the appraised value of a property. Items such as impact fee credits, development agreements, community facilities districts (a type of funding mechanism for large real estate developments), and improvement costs are just a few examples of relevant pieces to the puzzle that should be analyzed by a qualified real estate expert, in order to make a proper evaluation.
Arizona Business Magazine, September 2008
Although it might not be the plan to get back a piece of real estate, it is a consequence of today’s market. Banks need to equip themselves to make informed business decisions about these unique assets. Involving a law firm with deep experience in land use and zoning is a must, in order to get the type of complete assessment necessary to make these decisions.

Jordan Rose is the president and managing partner of Rose Law Group PC, a full-service real estate and business law firm. Lauren Elrod is an attorney with the firm.