Often a developer or real estate owner will have a great vision for a parcel of Phoenix commercial property, but may have questions about the legal requirements and regulations he or she must follow. Real estate developers must comply with not only Arizona state law, but also local zoning and planning regulations. As this blog reported in a previous post, Phoenix has certain zoning regulations designed to encourage and promote development in an orderly fashion, but the rules must be complied with precisely.
Zoning regulations serve multiple purposes. One purpose is to organize real estate use. Zoning regulations may also be used to promote and encourage certain uses. The city of Phoenix has a zoning regulation regarding Special Planning Districts which are designed to promote the conservation and revitalization of neighborhoods, thereby fostering growth and development in the city.
Business owners are an integral part of the Phoenix community. From operating retail services to warehouses, they are the foundation of a great deal of commercial activity the community relies on. Just as the community relies on these business owners and the services their businesses provide, business owners also rely on the advice and services of other professionals in the community to bolster the success of their businesses.
Starting a business in Arizona often takes a leap of faith, not to mention a tremendous amount of planning and organization. There are countless details to tend to, and logistics to coordinate. An entrepreneurmust find a location for his business, and for many business owners, this means obtaining commercial property financing.
Commercial real estate transactions are often complex and time-sensitive. Whether a party is choosing to lease a property, or an owner is opting to become a lessor, there are often many moving parts that must be considered before a deal is final.
Making business decisions is one of the primary responsibilities of a business owner. From how much product to order to deciding whether to enter into a partnership with a colleague, there is no shortage of decisions to be made. One important decision is the location of a business, and whether a business is starting out or expanding, deciding the terms of a commercial lease agreement can be critical for an Arizona business's success.
The possibility of foreclosure of a property, whether a residential home or commercial real estate, can raise a number of potential legal issues in Arizona. The attorneys of Faith, Ledyard and Faith PLC, who, as discussed in a previous post, represent clients facing the possibility of foreclosure for residential properties, are also well-versed in aiding banks and private lenders as they navigate the world of foreclosures, trustee sales and loan modifications.
The acquisition of commercial real estate is a major transaction for a buyer. Acquiring commercial real estate in Arizona is both a financial and a business decision that should be made after careful consideration and planning.
Property owners have a myriad of factors to consider when deciding to build a new commercial building. Phoenix property owners must consider complex and ever-evolving local, state and federal commercial real estate laws. Depending on the outcome of a newly proposed law, commercial property owners may have another element to add to their list of concerns.
Arizona has long been one of the more upwardly mobile property markets across the country. Given the shaky nature of the economy in recent years, that has come into flux with residential and commercial real estate. While the economy has been improving, there are still ominous signs that homebuilding in large areas of the state, like the Phoenix area, are going to recover slowly. Although research has indicated that the market is improving, until there is a full-fledged recovery, the retail market may remain slow and profit can be difficult to guarantee.