By Michael Clancy
The Arizona Republic
A prominent Phoenix law firm is the target of a lawsuit claiming its actions put the developer of CityNorth out of business.
The developer, a subsidiary of the Klutznick Co. called Northeast Phoenix Partners, also controlled development rights throughout the 5,700-acre Desert Ridge development in northeast Phoenix.
But Northeast Phoenix Partners, or NPP, lost both CityNorth and Desert Ridge in a lawsuit with another developer, Gray Development Group, resolved earlier this year.
The new lawsuit, filed last week, claims Gammage & Burnham was NPP’s attorney when it advised Gray on how to proceed with an effort to increase residential density on a Desert Ridge parcel north of Desert Ridge Marketplace. The suit says Gammage gave NPP conflicting advice, urging them to oppose Gray’s effort.
Also: US suit alleges mortgage fraud/The Arizona Republic
If you’d like to discuss real estate matters, contact Rose Law Group Founder Jordan Rose, jrose@roselawgroup.com