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Tips for investing in commercial real estate

Location, location, location. Over my 35 years’ of experience, I have seen time and again the old adage “location, location, location” play out in spades. Buying land in the path of growth allows an investor to get in and likely realize long-term high profits when exiting.

“Commercial Corners Create Cash” almost always holds true, even when road takings and widenings occur. Savvy buyers might follow where the nationals go (Starbucks, Publix, Walmart, etc.) as they do extensive research and forecasting. Sometimes they err, but usually the surrounding land increases substantially in value and often creates barriers to entry for competition.

Steve Massell, Massell Commercial Real Estate, The Georgia 100

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Chasse Building Team a leader in sustainable development in Arizona

barry chasse

Chasse Building Team (CHASSE) does nothing but lead – and LEED – when it comes to environmentally focused development. Founded in 2007, the general contracting company has grown to more than 130 team members and is working on an annual average of $250 million in construction projects strictly in Arizona. Much of this success is due to construction of affordable, energy-efficient projects.

The company prides itself on being leaders in innovation when it comes to green and other environmentally friendly solutions. The business has completed nearly two dozen LEED Certified projects in Arizona, more than half of which are LEED Platinum.

The Arizona 100 staff

Among them:

• AVIVA, an amenity-rich, smart apartment community, which is the first multifamily development to be built to National Green Building Standards (NGBS) in the area.

• Patina Wellness Center, which earned the LEED Silver designation and provides substance abuse and co-occurring treatment services focusing on integrating the mind, body and spirit.

• Landmark Senior Housing, a LEED Platinum development that serves those who are no longer able to live on their own but still desire to be independent. The building uses less water and energy, produces a reduced amount of greenhouse gases, and incorporates high-quality transit to encourage the use of public transportation resulting in lower regional pollution.

• Boys & Girls Club of the East Valley Compadre Branch, a LEED Silver project that used local sourcing, recycled content materials, low-flow fixtures and salvaged demo materials.

• Cedar Crossing, a LEED Platinum affordable apartment development that was awarded the Housing Hero Award presented by the Arizona Department of Housing.

• Mesa Artspace, a LEED Platinum housing development for artists qualifying as low-income residents. It also achieved the LEED for Homes Midrise Platinum certification by incorporating various energy-efficient systems, including LED lighting and low-flow water restrictions.

CHASSE also reduces its environmental impact on all of its projects by diverting construction waste from landfills through recycling, salvaging and repurposing existing buildings. In addition, CHASSE reduces its carbon footprint by using local materials and manufacturers.

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Next generation facilities must meet varying needs for seniors

Senior living facilities

Senior living facilities today must include independent living units, assisted living units and memory care units, offering a continuum of housing and care for seniors.

It’s also important that they feature comprehensive landscaping plans that include features influenced by the local culture/geography, walking paths, gardens and a center courtyard area available to all residents of the community.

New facilities, such as Dove Mountain Residences which will break ground in Marana in May and is scheduled to open in late spring of 2020, are designed to support aging in place, in a vibrant social setting at an affordable rent level.

– Don Sterhan, Dove Mountain Residences LLC

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Commercial real estate advisors provide true value

commercial real estate advisors

If you are a business owner, having representation for your office lease can be an invaluable service.

Commercial real estate advisors serve their clients by helping them align business, financial and operational objectives with real estate needs. They ensure owners are able to make informed decisions on their company’s future. Through negotiating transactions on a daily basis, brokers have a pulse on the market and leverage that to get clients the best rate and terms possible.

The best part? Landlords pay the fee. The competitive rent, countless hours saved and expert knowledge are additional no cost to the business owner.

– R. Craig Coppola, CRE, CCIM, SIOR, Lee & Associates Arizona

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2019 commercial real estate outlook


The 2019 economic outlook appears favorable as it relates to the commercial real estate market in Arizona.

Growth in the apartment sector will continue despite a modest increase in vacancies as new product has been added to the market. Rental home communities still remain a product to keep an eye on.

Population growth and job creation will positively impact industrial, office and retail sectors, if even at modest levels. The housing supply also remains low, which should provide long-term benefits to the general housing sector.

Overall, I believe growth will be moderate and at sustainable levels in all sectors.

– Doug Reynolds, Washington Federal