Archives for October 2005

Borelli Investment Company Receives City of San Jose Commendations

Borelli Investment Company Receives City of San Jose Commendations
Honors given for 50 years of service and for support of inaugural San Jose Grand Prix.

San Jose, Calif., October 24, 2005 — The City of San Jose has awarded Borelli Investment Company, and its president and CEO, Ralph N. Borelli, two commendations for making a mark in its community. The first was in celebration of the company’s 50th anniversary, and the second was for the company’s generous support of the inaugural San Jose Grand Prix—which won acclaim and raised money for Canary Fund’s efforts in early cancer research.

“It is a tremendous honor to receive these commendations from the city,” said Borelli. “The awards reflect the hard work and generosity of all the people who work at Borelli Investment Company and take their personal time to get involved in helping with projects like the San Jose Grand Prix, which raised so much money for a worthy cause.”

In 1955, Ralph Borelli’s father, Nelo, started a small real estate company that served as the predecessor to what is today Borelli Investment Company. Over the years, Borelli Investment Company has been instrumental in helping to develop the world-renowned Silicon Valley, and the company continues to play an active role in providing offices for local businesses and brokering land for new residential communities.

Councilman David Cortese sponsored the commendation for Borelli’s “fifty successful years of service to the community” and wished the company “many more successful years of business.”

Borelli Investment Company was also recognized as one of the San Jose businesses that donated “time, employees, and resources” to ensure that the San Jose Grand Prix enjoyed tremendous success its first year. The week-long event in July drew more than 150,000 fans and raised over a half million dollars for Canary Fund, which is dedicated to research leading to the early detection of cancer. The commendation for Borelli Investment Company was sponsored by Mayor Ron Gonzales, Vice Mayor Cindy Chavez, and Councilmembers Linda LeZotte and David Cortese.

“While it is an honor to be recognized for our efforts, the real reward comes from helping our community,” Borelli remarked. “We look forward to continuing to serve Silicon Valley’s commercial real estate industry and support the San Jose Grand Prix and other communitywide events in the years to come.”

Borelli Investment Company is one of the oldest commercial real estate firms in the Santa Clara Valley. Celebrating its 50th anniversary in 2005, the company provides a full range of commercial real estate services—from development and construction management to land sales, consulting for sales and leasing, and property management services. More information about Borelli Investment Company’s services may be obtained by calling (408) 453-4700 or visiting www.borelli.com.

Contact: Ralph Borelli, CEO Borelli Investment Company 1770 Technology Dr. San Jose, CA 95110 Ph: 408.453.4700 Fax: 408.453.4636 E-mail: ralph@borelli.com http://www.borelli.com

Borelli Investment Company Announces Junction Office Center in San Jose

Borelli Investment Company Announces Junction Office Center in San JosePrime location in Silicon Valley’s Golden Triangle affords smaller businesses
the opportunity to purchase office condominiums as small as
750 square feet — to enjoy the benefits of ownership, rather than leasing space.

San Jose, Calif., October 10, 2005 — Borelli Investment Company, has announced Junction Office Center, a two-building, 77,000 square foot office condominium complex at 2051-2055 Junction Avenue near Charcot in San Jose. 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 of Borelli Investment Company, which is developing the Junction Office Center project. “Business condominiums are similar to residential condominiums in that owners buy space rather than lease it. This provides a business 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. A number of major corporate campuses for technology leaders are nearby, and the location offers ready access via major transportation arteries 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 VTA light rail station on North First Street for easy commutes that avoid high gas prices.

 

For those who drive, there’s ample parking exists for employees and clients alike, 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 planned for the office center will enable business owners to hold working lunches without leaving Junction.

“The location is on the edge of 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

Borelli Investment Company is investing more than $15 million in the two-story office buildings set around a central open courtyard. Awning-covered entrances and formal lobbies with polished granite floors and high ceilings create a good first impression on visitors. Each of the 52 suites is fully carpeted and has its own coffee bar, which includes a sink and cabinets. 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 and file exchange.

 

The sweeping renovation of the two buildings includes large, multi-stalled restrooms with showers on the first floor — perfect for joggers or bicyclists — a full seismic retrofit, upgraded elevators, ADA improvements, a new roof, and extensive landscaping.

“We’ve also completely 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 getting business done.”

Ownership Advantages

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

“IRC Section 179 deductions allow business owners to write off up to $105,000 in bonus first-year depreciation, and a widely 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 — which requires only a 10 percent down payment — make this a very attractive opportunity.”

Interested businesses can obtain more information about Junction Office Center by calling Borelli Investment Company at (408) 453-4700 and asking for Larry Bengiveno, or e-mailing larry@borelli.com.

Contact: Ralph Borelli, CEO Borelli Investment Company 1770 Technology Dr. San Jose, CA 95110 Ph: 408.453.4700 Fax: 408.453.4636 E-mail: ralph@borelli.com http://www.borelli.com