Tag Archives: Rose Law Group PC


Former Tempe mayor joins Rose Law Group

Hugh Hallman has worn many distinguished hats over his 25 year career in law, education, politics and business; Mayor of Tempe, Statewide Candidate for Treasurer, Headmaster, Economist, and Civic Activist. But one title that has remained steadfast throughout his career, is serving as one of the state’s top attorneys.

Scottsdale-based Rose Law Group pc announced the appointment of Hugh Hallman as Chairman of Rose Law Group’s Litigation Department.

Hallman’s significant experience includes election law, complex finance law, education, technology, and government, both as an accomplished litigator and as a master of business deals. His years of service, and dedication in the legal field has led to impressive work in representing Apple against Microsoft, as well as Dell against Texas Instruments.

“Hugh Hallman is one the most intelligent, experienced and diversified litigators and transaction attorneys in our state right now”, said Jordan Rose, Founder and President of Rose Law Group. “He not only brings an impressive resume, and vast collection of skills to our firm, but he is a real asset for clients working with local, state and national governmental bodies across the globe.”

Before and after serving as Mayor of Tempe from 2004 to 2012, Hallman served as a political consultant for city, state and national campaigns, providing advice on economic issues, tactics, and outreach programs.

“My broad political experience has taught me how to work effectively with government officials at all levels, and how to accomplish a client’s objectives, while bringing people together to find common ground and practical solutions,” said Hallman. “I’m excited to be leading the litigation department here at Rose Law Group and hope to provide my expertise on many more matters to come.”

In Election law and First Amendment matters, Hallman shines. He’s represented political parties and candidates in ballot challenges, freedom of speech issues, testing the Constitutionality of Arizona’s party regulation statutes, the electronic distribution of voter data and numerous other issues.

Hallman has also practiced across the legal spectrum in Business Law. With a concentration in domestic and international finance and taxation, Hallman’s experience is diverse, and includes straight lending transactions, preferred securities, public and private placements of equity securities, and operations and tax-planning advice and strategies to corporations and businesses in major acquisitions, mergers and reorganizations.

Hallman has represented organizations ranging from small family businesses and start-up enterprises to large, established and publicly-traded institutions. He has represented parties in modest matters as well as in transactions that have exceeded 2.5 billion dollars and litigated disputes that have exceeded 5 billion dollars.

To round out his resume, in 2009, while serving at Tempe Mayor, Hallman limited his law practice to serve as the Headmaster of Tempe Preparatory Academies, sixth through twelfth-grade public schools serving more than 450 students, a position he held from 2009 to 2013. Under Hallman’s leadership, Tempe Prep was ranked as the top public school in the State of Arizona that maintains fully open enrollment practices.

Hallman is a writer and frequent speaker on topics ranging from law, education, municipal governance, finance, real estate and foreign relations, in the latter case specifically regarding Mexico and Kazakhstan. And Hallman is not ruling out another political run — this time perhaps for Congress.


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.