Summary of Commercial Real Estate Feasibility Period

When purchasing a commercial property, there is usually a feasibility period (due diligence period) that allows the Buyer to inspect all aspects of the property. The feasibility period usually begins after the opening of escrow. During the Feasibility period, the Seller has a certain number of days to deliver the property information to the Buyer…

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7 Reasons driving the Arizona Commercial Real Estate Market

The Phoenix/Scottsdale area real estate market is thriving. Although Covid-19 has seen the loss of numerous small businesses, there are those businesses that continue to do well and even expand. When businesses fail, there is a high demand for the empty spaces. According to Costar, as of October 27, 2021 industrial vacancy rates in the…

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Covid & Arizona: Changes in the Mask Mandate

On Thursday March 25, 2021, Governor Doug Ducey of Arizona lifted the mask mandate which allows restaurants, bars and nightclubs to open their doors without any restrictions.  Gatherings of 50 or more people are also permitted.  In addition, registration for the Covid-19 vaccines includes anyone over the age of 16.   Although the statistics show a…

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Tips on Selecting a Property Management Company

7835 E Redfield - for LEASE

Selecting a property management company is crucial for effectively running a property and maximizing revenue. A good property management company can actually bring down the cost of maintaining a building by leveraging their vendor contacts to create economies of scale. They can make the ownership process run smoothly and can help to avoid many problems…

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New Market for Commercial Real Estate

There is a new and challenging niche in the commercial real estate market…space for marijuana related businesses.    The legalization of marijuana for both medicinal and recreation use is leading many businesses to seek out commercial real estate services to help locate and secure property.  However, it is very challenging to find the appropriate commercial space…

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THREE TYPES OF LEASES

The subject of lease types can often be confusing. Let’s try to simplify it. There are three basic types of commercial leases.  Each type centers around the base rent and the way the operating expenses are passed down to the tenant. Full Service Lease – A full service lease will typically include the utilities, property…

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11 Fun things to Do in Arizona During a Pandemic

Commercial Real Estate is my passion and my career for over 20 years. I love what I do and look forward to finding new real estate opportunities every day.  However, I also like to get out and have some fun. This is a bit more challenging with Covid. Here are 11 things I like to…

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