In Arizona's arid landscapes, water is not just a commodity. It is a crucial factor that influences the dynamics of commercial real estate. A property with secure and ample water rights may command a higher value due to the assurance of a sustainable water supply....
Real Estate & Development
Mistakes to avoid when negotiating a commercial lease
If you’re looking for a commercial space to lease for your business, then you need to make sure it suits your needs. That sounds easy to do, but there are a handful of pitfalls along the way. If you don’t steer clear of them, then they could leave you stuck with a...
Tradespeople are more at risk when health codes are violated
The construction industry involves intricate networks of activities wherein tradespeople are often the cornerstone. They wire the electricity, lay the pipes and build the framework. They turn the plans into real structures that define our communities. Yet,...
Negotiating a fair purchase price for an undeveloped plot
Unlike developed properties, the value of undeveloped land largely hinges on its potential. Since this potential is still waiting to be discovered, negotiating for undeveloped land offers more flexibility in price discussions. Sellers may be motivated to make a deal,...
Lien deadlines and the impact of cessation of labor
One crucial factor to consider in any construction budget is the interruption of labor. In Arizona, if work on a project stops and there is a continuous pause in labor for a period of 60 days, it triggers the commencement of your lien deadline. This means you will...
Can you encourage compliance from construction subcontractors?
With the competitive nature of the construction industry, one might think it would not be too difficult to secure a good subcontractor. However, you often must weed out a lot of not-so-good options before you find one that works. Not providing clear expectations and...
How can you finance commercial real estate?
Buying commercial property is a great investment, but most buyers require financing to complete the purchase. Fortunately, there are a range of commercial property loans that can help you achieve your dream of becoming a successful property owner. However, you must...
Dealing with title issues when buying commercial real estate
Buying commercial real estate in Arizona can be a smart business move. You can see a high return on your investment if you know what to look out for. It can be rewarding to get the title to a property, which signifies your legal ownership. Sometimes, a title may come...
What to consider when buying land for commercial use
Investing in commercial land can be a lucrative venture in Arizona, thanks to the state's robust economy and favorable business climate. However, buying commercial land involves more than just finding a piece of property you like and making an offer. There are several...
How do zoning laws impact real estate development?
If you are interested in buying commercial real estate, developing a piece or property or building a new home, it is crucial to understand how zoning ordinances work. Buying real estate with an unsuitable zoning designation can impede your ability to build new...