Don’t fall hook, line, and sinker: how to identify and protect against phishing

In the world of commercial real estate much of our business contains legal contracts and agreements between tenants and landlords, and buyers and sellers. In recent years, commercial real estate has become increasingly more digital in how it manages its transactions and confidential information. With that in mind, steps must be taken to protect all parties involved. We rely on enterprise solutions for email encryption, threat protection and email archiving. We need these solutions to be productive, while keeping security and compliance at the forefront of everything we do. However, phishing impersonators have become very savvy and continue to threaten

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Five Qualities to Look for in a CRE Buyer Rep

Buyer/tenant representatives play a crucial role in successfully navigating the complexities of a commercial real estate transaction. CRE buyer reps are licensed real estate agents who ensure their buyer’s interests are protected and the buyer’s objectives are met throughout a transaction. The job of a buyer rep is to handle everything from finding the ideal property to negotiating the purchase agreement and walking the buyer through the process while streamlining procedures. From seasoned investors to first-time buyers, having the right representation on your side can make or break a deal. If you want to ensure a fair and smooth transaction,

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What Indie Business Owners Need to Know Before Leasing a Space – Part 2

If you read part one of this two-part blog, you are well on your way to being ready to open your retail, restaurant, or office location. We already covered creating your business plan, scouting out your preferred location, and choosing the perfect commercial broker. The outlined the letter of intent or LOI (that details your offer on the space) and all of the lease terms were explained. So now what happens? Get ready for a flurry of activity… Buckle up! Let’s continue where we left off in Part 1 learning about the LOI. After your rock star commercial broker or tenant

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What Indie Business Owners Need to Know Before Leasing a Space – Part One

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

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How to Choose a Rock Star Buyer Rep for your Commercial Property Purchase

Every month for the past four years you’ve watched a huge pile of money go towards the rent of your commercial space. It’s your biggest monthly expense, by far. Your business is growing, and your lease is up in one year. It’s time to start thinking about investing in yourself with your own building. A trusted colleague bought theirs last year, now it’s your turn.  Before you choose a commercial real estate professional to represent you, sit down and compile your wish list for your new property. What’s at the top of the list? Location, of course. Narrow down where

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The Power of a 1031 Exchange

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

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The Incomparable Value of a Commercial Building Inspector

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

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How to have Less Headaches when Selling your Commercial Property

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

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Growing Pains Give Way to Grand Opportunities

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

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Corporate and Business Migration to AZ is the Perfect Storm for Ground Leases

Recent trends have shown a surge in corporate headquarters, regional branches, and other companies, relocating to business-friendly states including AZ, FL, NC, TN, and TX. These moves are maxing out commercial vacancies in all sectors including retail, industrial, and despite the post-pandemic work-from-home craze, even office. With fewer buildings for sale, business owners are seeking to buy land and build their company vision, but they can’t always make the numbers work. Landowners see an opportunity to ground lease land and reap an annual income versus selling it. There are pros and cons of ground leases for both the landowner and

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