Phoenix Commercial Named 2023 CoStar Impact Award Winner
Phoenix Commercial Properties
by Marci Robertson
1y ago
Phoenix Commercial Properties Named 2023 Lease of the Year CoStar Impact Award Winner Winners were selected by a panel of more than 750 esteemed industry professionals across 128 markets at the second annual commercial real estate awards.  April 3, 2023 – Phoenix Commercial Properties today was named the 2023 Lease of the Year CoStar Impact Award winner in the Raleigh/Durham market. Winners—chosen for their growth, diversification, and ability to overcome unique challenges in their particular markets—were selected from a panel of more than 750 industry professionals drawn from each respec ..read more
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Key Considerations for Selling Commercial Property
Phoenix Commercial Properties
by Marci Robertson
1y ago
Selling a commercial property can be a complex process that requires careful planning and execution. To sell a commercial property successfully, you need to consider a variety of factors, including market conditions, pricing strategy, marketing efforts, and legal compliance. In this blog post, we’ll explore some key considerations every commercial property owner should consider before putting their property up for sale. Whether you’re a first-time seller or a seasoned pro, this guide will provide valuable insights to help you make informed decisions and achieve your desired outcome. So, let’s ..read more
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One Size Fits One
Phoenix Commercial Properties
by Kim Mills
1y ago
Two years after the world basically shut down due to a pandemic, there is still much buzz about employers’ return to work plans and what the future of office space might look like.  Many tout that the “hybrid” workforce model – a combination of working in the office and working from home – is here to stay as if it were a new phenomenon and one that would eliminate the need for office space.  Hybrid and remote work models have been around for years…the pandemic only placed them in the spotlight.   Global companies have long embraced these workplace models which stemmed primarily ..read more
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Starting a Business? What you need to know from a Commercial Real Estate Perspective.
Phoenix Commercial Properties
by Liz Arcos
1y ago
You have a dream! You want to open up a coffee and cupcake shop. You developed a business plan, you’ve talked with a lender, you saved up your capital and you have your menu, you’ve hired a real estate broker, and you’ve narrowed down locations and size….now what?! The hard part, so you think, is done right? It’s taken two years to get to this point, but you have found the perfect little spot for your dream business, have your list of equipment and inventory needed, met with an architect, and have quotes from contractors, now what?! Your future location is perfect! It’s a great little warehous ..read more
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First Building at Eastfield Crossing Business Park Leased with Long-Term Tenant
Phoenix Commercial Properties
by Marci Robertson
1y ago
Raleigh, NC, June 6, 2022 – Phoenix Commercial Properties, LLC is pleased to announce the first signed lease for the Eastfield Crossing Business Park in Selma, North Carolina. The 135,000 square-foot spec building at 101 E. Providence Blvd was leased to Do Good Foods,  a revolutionary climate forward company that upcycles surplus grocery store food into nutrient-dense animal feed. Do Good Foods said they plan on investing more than $100 million into the new facility.  Once the full buildout is complete, the facility will employ approximately 100 workers in job roles that average more ..read more
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Is the Office Sector Dead?
Phoenix Commercial Properties
by Kim Mills
2y ago
I recently ran into some old friends at dinner, and they asked how the commercial real estate business is going. It is a natural and seemingly benign question that friends often ask when they haven’t seen one another in a while. However, it wasn’t the question that threw me. No, it was how sympathetically they asked it as if the office sector of the commercial real estate market had completely dried up! Many people believe that the commercial real estate world, especially the office sector, died during Covid and isn’t rebounding. And why wouldn’t they think this given today’s news and surveys ..read more
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Client Leasing Questions Answered
Phoenix Commercial Properties
by Curt Britt
2y ago
When should I begin my search for commercial space to lease? A question often asked in our market and one that certainly depends on many different factors! From site selection to LOI/Lease negotiations, commercial lease transactions can take a lot of time, energy, and effort. However, a few key factors/questions will dictate when you should start searching for new space. See below! – When does my lease expire? Do I have to give Landlord a written notice on whether I plan to renew (if you have renewal option(s)) or even vacate? Every lease is different, so it is imperative that you review your ..read more
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Are You Grateful for Your GOATs?
Phoenix Commercial Properties
by Kim Mills
2y ago
As we enter the season of gratitude, I’d like to say how much I love and appreciate my Goats! They are smart. They are funny. They are talented. They are inspiring. No, I’m not talking about the cute, funny, yet smelly little animals that eat anything in their paths – although if you have vacant land, they are an excellent and inexpensive weed eater. I’m actually talking about my Greatest Of All Times – GOATs. For me, my GOATs are the leaders with whom I have had the honor of working and who have made the greatest impact on those around them.  They lead by example. They walk the talk. The ..read more
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Listing Broker vs. Tenant/Buyer Broker
Phoenix Commercial Properties
by Curt Britt
2y ago
In commercial real estate transactions, there are two sides- the Landlord/Seller side and the Tenant/Buyer side. Who represents who? A listing broker represents the Landlord/Seller and has their best interest in mind. Simply put, their goal is to try and bring the Landlord/Seller the best deals terms possible. Many Tenants/Buyers believe they are already working with a broker because they called “the name on the sign”, but unfortunately, “the name on the sign” is working for the Landlord/Seller. If a Tenant/Buyer comes into the deal “unrepresented”, they may or may not know the market and more ..read more
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Integrity-Cornerstone to Long-Lasting Success
Phoenix Commercial Properties
by Liz Arcos
2y ago
Given the opportunity to write this month’s post gave me space to think about my career and successes. What is one attribute that I pride myself on, and look for in others? Integrity. Is it tangible and visible? Not right away, but it becomes apparent quickly as you build relationships with clients and business partners. What does integrity really mean? To me, it is dealing with others in an honest, forthright, and responsible manner, even if it puts a deal at risk. The dictionary defines it as: Integrity is a quality of being honest and having strong moral principles.   Real Es ..read more
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