Commercial Real Estate Education

Some people call them Mom and Pop shops, but that vintage phrase doesn’t begin to describe today’s locally owned independent business owner. They are the heart and soul of our society. According to the Small Business Administration, the United States has 30.7 million small businesses, and they employ 47.3 percent of the private workforce. Indie businesses give generously to local charities, support your child’s little league team and plan all of the fun events in your town.  But don’t take it from me. Local First Arizona is a nonprofit that has been supporting locally owned businesses in our state for

You’ve successfully navigated the turbulent waters of purchasing your first commercial property. You’re several years in and business is booming. Bravo! You know you need more space but want to research what happens when you buy a bigger building. Taxes and depreciation and profit all come into play but how?  We aren’t lawyers or tax accountants, but we have assisted hundreds of clients with this type of transaction. If you are seeking a simple overview before you dip your toe in the water, we’ve got you! We will cover the basic concept of a 1031 Tax Deferred Exchange (1031), the

Congratulations! You’re finally ready to buy your first commercial property. You’ve chosen a superstar buyer representative that specializes in your sector of commercial real estate, zeroed in on the perfect location, and checked the zoning to make sure your business is a permitted use in the area. Your broker told you that finding a property could take 6 hours, 6 days, or 6 months so rule number one is be prepared. Rule number two is patience. There are dozens of steps along the way to move-in day, so let’s focus on one that will make your future property ownership more

There comes a time in every business when a company’s spatial needs shift. Your  physical footprint may need a change for a number of reasons. The business may have grown or shrunk, you may have had an increase in clients, or perhaps it’s time to retire. If you are leasing a property, the exit process is relatively simple. You can wait out the remainder of the lease term, ask the landlord to relocate you to another space within the commercial complex, sublet the space to another user, or assign the lease to the new owner of the company.  If you

Your business has outgrown your building. Employees are sharing offices and the restroom is stacked sky high with storage. The property manager is complaining that your workers are using too many parking spaces. You’ve had it with leasing, it’s time to take the plunge and buy a property. The search begins, but your broker informs you that there are no, and I mean no, properties that meet your requirements. Now what? Luckily you chose a commercial broker who knows how to work her magic to make your office ownership dream come true. Just because there are no buildings listed, doesn’t

Picture this. After months of searching for the perfect property for your business, you find it and it checks all your boxes. Chances are that another business owner feels the exact same way. So how do you make your offer stand out? Fortunately, there are a few things you can do to increase your chances of closing the deal. Here are a few suggestions. Know the Area Prices vary based on location, improvements, updates, and lot sizes. Familiarize yourself with price trends in the area you’re looking to buy in. This prepares you in advance for what to expect from