Archives for August 2005

Racing for a Cure – San Jose Grand Prix Champ Car Race Results

Racing for a Cure

The inaugural San Jose Grand Prix Champ Car race roared through the streets of San Jose on a sweltering weekend in late July, and Borelli Investment Company was in the heat of the action — helping race beneficiary Canary Fund raise well over a half million dollars to advance the early detection of cancer.

One of Ralph Borelli’s passions is auto racing — Ralph owns a vintage Winston Cup car that won the pole position in the 1992 Daytona 500. Ralph’s #22 Maxwell House car finished 6th in the Historic Stock Car Racing Series (HSCRS) NASCAR event, which was a part of the weekend and contributed to the total raised for Canary Fund. In addition, Borelli provided pre-race rides to lucky clients in the #22 car around the demanding, 1 1/2-mile layout through downtown San Jose.

The week-long event — which included a gala dinner at the Fairmont Hotel, street festival, live music, beach volleyball, driver autograph sessions, and more — was a tremendous success, both for the 150,000 fans who attended and for the Canary Fund, which received a substantial amount of money to help support its worthy cause. See you next year in 2006!

The Dirt on Successful Land Repositioning and Sales

Land Transactions

Completing a land transaction often requires more than simply negotiating a purchase price. In the Silicon Valley and elsewhere, entitlement issues, tax or estate-planning considerations, and complications created by multiple owners demand broad-based expertise and experience that go beyond typical brokerage.

Borelli Investment Company represents both buyers and sellers and handles a wide range of land transactions, large and small. These case studies detail Borelli’s unique abilities to identify opportunities and overcome challenges-including creatively repositioning properties or obtaining funding on short notice, when required.

Select a land case study to view :

Golden Opportunity at Junction Office Center

Golden Opportunity at Junction Office Center

Borelli Investment Company has announced its latest business condominium offering — Junction Office Center, a two-building, 77,000 square foot complex on Junction Avenue in San Jose’s Golden Triangle. At Junction Office Center, small to medium-sized businesses can purchase — not lease — office condominiums ranging in size from 750 to 3,000 square feet, and enjoy all the tax benefits and potential long-term appreciation usually available only to businesses capable of purchasing an entire building.

“Many owners of smaller businesses don’t realize there’s an alternative to leasing,” said Ralph Borelli, president. “Business condominiums provide smaller companies all the benefits of real estate ownership: depreciation, interest write-offs, and other tax deductions — in addition to prospective appreciation over time.”

Located in San Jose’s Golden Triangle

Junction Office Center is located in the heart of the technology-rich Golden Triangle — formed by the intersections of I-880, Hwy 101, and Hwy 237 — with ready access to work with clients virtually anywhere in Silicon Valley. The complex is also only a few minutes from Mineta San Jose International Airport, and is close to the light rail line for easy commutes that avoid high gas prices.

For those who drive, there’s ample parking, with a ratio of 5.3 cars-per-thousand square feet of space. On-site services include UPS, FedEx, and US Postal Service drop boxes. In addition, a large delicatessen is planned, so business owners can hold working lunches without leaving.

“The location borders an area defined in Vision North San Jose — an ambitious land use plan that targets development along the North First Street transportation corridor,” Borelli remarked. “Junction Office Center puts owners in a prime location to benefit from this long-term growth blueprint.”

Professional-Quality Office Space

The extensive $15 million renovation features awning-covered entrances and formal lobbies in the two buildings, with polished granite floors and high ceilings. Each of the 52 suites is fully carpeted and has its own coffee bar. Suites also have individual controls for heating and air conditioning, are separately metered for electrical usage, and have access to the building’s T1 fiber optic cable for high-speed Internet access.

Completely redone multi-stalled restrooms include showers — perfect for joggers or bicyclists — a full seismic retrofit, upgraded elevators, ADA improvements, a new roof, and extensive landscaping around the buildings’ perimeter and in the central courtyard.

“We’ve also refurbished a large common conference room with Web-based videoconferencing, PowerPoint capabilities, audioconferencing, a state-of-the-art video system, and Web access,” noted Borelli. “This is a great environment for business.”

Ownership Advantages

Junction Office Center enables smaller businesses to capitalize on special tax benefits to reduce the cost of buying.

“IRC Section 179 deductions let business owners write off up to $105,000 in bonus first-year depreciation, and a well-accepted accounting method known as cost segregation can accelerate depreciation on a substantial portion of an owner’s property,” Borelli explained. “These deductions — plus SBA financing with 10 percent down — make this a very attractive opportunity.”

For more information, call Larry Bengiveno at (408) 453-4700, e-mail larry@borelli.com.