Commercial Real Estate Education

Tips for Investors: How to be Successful in Commercial Real Estate

Buying and owning commercial real estate can be an exciting business venture. But like many investments, investing in property comes with risks and rewards. Before adding real estate to your existing portfolio, it’s important to understand the various factors that can lead to your success. Included below are a few tips to help guide you: Know What Asset Class You Want to Play In There are a variety of asset types in commercial real estate and most can be classified into four main sectors: industrial, retail, office or multifamily. Each sector is different in its own way and its crucial

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Is Purchasing a Commercial Property Right for You Now?

Before buying a commercial real estate property, there’s a lot to consider. While ownership is the easiest way to control your financial future, there are pros and cons for leasing and purchasing. Before making any decisions, it’s important to remember you don’t have to do it alone. An experienced buyer representative walks you through your options and explores reasons for you to buy versus lease. Included below is a step-by-step analysis you and your buyer rep can work through together. While every business is different, I hope this analysis helps you determine what is right for you. 
Steps to Analysis:

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Buying Commercial Property is NOT Like Buying a Home

So you’re ready to buy your first commercial real estate property. That is great news! But before you do, there’s a few things you should know. First and foremost, buying commercial property is nothing like a buying residential property. While both take time, research, and planning, buying commercial real estate can be very complex. To help you navigate this exciting time, I have outlined the six key differences between a commercial purchase and a residential purchase: Commercial Title Report A commercial title report outlines the legal status of a specific property and related information about its ownership. While it is

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The ups and downs of Phoenix class A office space amid time of the novel coronavirus Experts hesitant to say COVID-19 will kill brick-and-mortar staples. By Melissa Rosequist

Despite many companies and firms working remotely for an extended period of time due to COVID-19, experts estimate class A office space will not be left vacant. As Valley companies realize working from home is the foreseeable future, will that translate to a surplus of vacant class A office space? Experts say: It’s too early to identify any changes that may be afoot as the long-term effect of the COVID-19 pandemic looms, but ultimately, for commercial leasing, the sky isn’t falling. That’s not to say there won’t be changes. READ THE ENTIRE ARTICLE

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What’s Next For Commercial Real Estate in Arizona After COVID-19

Flexibility – key to survival post COVID-19 On April 29, Arizona Governor Ducey extended the state’s Stay-At-Home-Order Order until May 15. For many, that means two more weeks of working from home, two more weeks office spaces will be empty, and two more weeks businesses like gyms, barber shops and salons will remain closed. And Arizona isn’t the only state in this position.  Before we jump into what could happen next for these businesses and the commercial real estate industry as a whole, I want to take a step back and look at how we got here. We all know

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Finding the Right Buyer Representative

Imagine this, you’ve found the perfect office building and you’re ready to make it yours. From my previous blogs you’ve learned that inexperienced buyers can easily mistake the person showing the commercial buildings as someone who will take care of them in purchase negotiations. They don’t and here’s why: sellers want to make money and buyers want to save money. Knowing that, your search for the right buyer representative has begun. Before you hire a buyer rep, it’s important to note that not all reps are created equal. Experienced representatives are crucial in winning a fair shake throughout purchase contract

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12 Tips for Effectively Working from Home

While the world is dealing with the outbreak of COVID-19 (coronavirus), you may find yourself working remotely for the first time or working remotely more than usual. Not to worry, the 12 tips below will help you stay on track, work effectively and maintain a sense of normalcy in these uncertain times. Maintain Regular Work Hours Maintaining your regular nine-to-five schedule will make things feel normal, help you stay on top of tasks, keep you from overworking and help you maintain a work-life balance. Schedule Regular Breaks Give yourself some time away from computers and phones throughout the day. Much

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The Written Lease Is Always The Ruling Document

In previous blog posts we discussed why tenant representation is important and how without it, your business could face to pay thousands of dollars. Still not convinced? Let’s take a look at one example that happens more often than not. You’ve had a great year and your business is thriving. But with growth brings complications and you’ve now exceeded your company’s number of allotted parking spaces. According to the property manager, you’re in violation of your lease. You try and reason with them stating the previous property manager said it would be no problem if the business grew, however since

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Simply Own It – The American Dream: Increase your wealth with commercial real estate – The Cost of Buyer Representation

Brokers: The Nuts and Bolts Don’t be fooled! Many buyers confuse a seller’s broker for their representative. Inexperienced buyers can easily mistake the person showing the commercial buildings as someone who will take care of them in purchase negotiations. They don’t and here’s why: Sellers want to make money and buyers want to save money. With that in mind, it’s unfeasible for a single broker to represent both sides of a transaction. The seller’s broker has a fiduciary duty to the seller or the building owner, so representing the buyer fairly is next to impossible. When a seller’s broker insists

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Simply Own It – The American Dream: Increase your wealth with commercial real estate – Commercial Real Estate (CRE) Basics when Purchasing

Before the 11-steps of purchasing commercial real estate can happen, it’s necessary to understand a few CRE fundamentals. The key to property ownership success is twofold. Understand how CRE fundamentals fit into the larger scheme of a purchase. Recognize the importance of retaining experienced buyer representation to save money on your new commercial building. Industry Lingo: CRE is a widely used industry acronym for commercial real estate. Ownership is a Privilege Ownership of property is a luxury few countries offer business owners. Even in the USA, most small to midsize businesses owners haven’t been able enjoy the pride of commercial

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