Real Estate News

Commercial Condominiums as a Small Business Investment

Posted on: by Michael Coretz

Consider these benefits and challenges of condo ownership for your business.

 

Traditionally, office condominiums have appealed to small businesses, professional firms and medical practices with stable business models.

Market forces that drive interest in office and industrial condos, also called commercial condominiums, are

  • historically low interest rates
  • certain income tax and financial benefits to owning rather than leasing
  • competition among bankers to sell Small Business Administration loans
  • pride in ownership.

(more…)

Getting European Firms to Consider Arizona for Expansion and Relocation

Posted on: by Michael Coretz

A symposium to help European executives understand the Americas’ commercial real estate market is an opportunity to market Arizona.

 

Can Arizona get European commercial property decision-makers to take a look at our state for expansion or relocation?

Commercial Real Estate Group of Tucson will find out when we attend the ITRA Global 2012 Corporate Real  Estate Symposium. (more…)

Tucson, Arizona, Provides Operation Savings for Biotech Firms

Posted on: by Michael Coretz
When it comes to operating costs and expenses to employees, bioscience and biotechnology firms will find Tucson an attractive location for their operations.
Tucson and Southern Arizona have been touted as a growing hub of innovation in bioscience and biotechnology. Major companies, institutes and research activities that are centered here produce cutting-edge research and products in these fields.

Certainly the brainpower at the University of Arizona attracts and, in some instances, incubates these activities.

We at the Commercial Real Estate Group of Tucson think our attractive costs of doing business related to bioscience and biotech also play a role.

(more…)

Arizona’s Pro-Business Ranking Showing Improvement

Posted on: by Michael Coretz

The state’s average grade, however, still keeps corporate site selectors from considering it when thinking about commercial real estate leases and investment in the West.

Like the namesake of the state’s capital city, Arizona is rising out of the ashes of the Great Recession to improve its pro-business ranking of states.

But it’s not a move to really cheer about. (more…)

Landlord Statement May Save You Money on Your Commercial Property Lease

Posted on: by Michael Coretz

By auditing operating expenses and taxes detailed in your expense reconciliation statement, you can ensure that you’re charge just the right amount for your lease.

As a commercial real estate tenant of Tucson office space, industrial space or retail space, this is the time you will receive from your landlord your 2011 expense reconciliation statements of operating expenses and taxes.

This is the ideal time to see if your landlord is over-billing your company. You have 30 to 60 days after receiving the statement to give notice that you want an audit done. We at Commercial Real Estate Group of Tucson advise that you consider it. (more…)

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