Net Worth and Home Ownership It starts at home. Home ownership is a cultural mainstay of personal finance in the U.S. The home is often the largest asset we see on a balance sheet of a moderately wealthy family. Unfortunately, recent appreciation in the housing market coupled with increased interest rates is causing declining housing [...]
DeAngelis Legal assisted established Arizona business with the purchase of industrial real estate in Northern Arizona from a large multi-national corporation. DeAngelis Legal drafted and negotiated the letter of intent, purchase agreement and ancillary closing documents and coordinated the satisfaction of title insurance requirements. In addition, DeAngelis Legal created a separate structure for the entity [...]
It started out as a good deed, turned into a two-year battle and resulted in a happy accident for this Arizona couple. Lack of business acumen of the opposing party, no documentation, poor accounting, differing legal systems and language barriers made this a difficult matter to resolve. DeAngelis Legal worked with the client’s US accountants [...]
Current Arizona corporate client had an opportunity to buy a specific purpose industrial property from a large multinational corporation. DeAngelis Legal advised the client regarding the appropriate terms of the transaction, prepared a letter of intent outlining those terms and negotiated contested issues with the seller. Both parties signed the letter of intent and the [...]
New Phoenix client’s landlord changed management firms and the new management firm requested that the tenant sign a new comprehensive lease agreement. The tenant asked DeAngelis Legal to review the lease and provide comments. The lease had numerous unfavorable provisions to the tenant, including blurring the line between a modified gross and triple net lease, [...]
Long time estate planning and business client desired to purchase real estate and was presented with sale agreement. DeAngelis Legal reviewed and revised the agreement, created a holding company to hold the real estate and assisted the buyer with its due diligence review and other closing matters.
Despite elevated interest rates, real estate acquisitions in Arizona continue to dominate our transaction practice. DeAngelis Legal created several new limited liability companies (LLCs) for new and current clients, to acquire and hold real estate. In addition to forming holding companies, DeAngelis Legal advised the clients with respect to the preparation of leases to third [...]
Ultra high net worth couple acquired the majority stake in a foreign entity holding real estate operated by the minority party. As is often the case in these arrangements, conflicts arose between the parties regarding the ownership, control and management of the property. Complicating matters were incomplete financial records and communication issues. DeAngelis Legal worked [...]
New out of state client’s mother and her boyfriend jointly owned their personal residence in Maricopa County as tenants in common and subject to a cohabitation agreement. The cohabitation agreement granted the surviving party an option to acquire the property upon a death. Client’s parent named her child as the designated beneficiary of her half [...]
The new year kicked off strong on the business side. DeAngelis Legal assisted several clients with start-up entities, evaluating investments in venture capital opportunities and the formation of real estate holding companies. The real estate acquisitions ranged from single family lots to commercial buildings and the business ranged from online products and services to construction [...]
