November 5, 2024 4:47 pm
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Big fight pits Legislature vs. universities over real estate deals, tax breaks

By Mike Sunnucks | Phoenix Business Journal

A bill making its way through the Arizona Legislature puts restrictions on real estate deals crafted by state universities.

It sets up another big political fight between the Republican Legislature and state universities — specifically Arizona State University.

The measure, House Bill 2280, comes in response to the $928 million sale of the Marina Heights development in Tempe. The 2-million-square-foot office campus sits on land owned by the Arizona Board of Regents.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.