Office Condos Tap a Diverse Market Ownership brings sense of security, flexibility in achieving firm's goals By Jon Ann Steinmetz, San Jose Mercury News, February 28, 2006 When the Ringwood Business Center started construction in 2004, the developers quickly discovered their location was even better than they realized. ``It was right smack dab in the right community -- a highly populated Asian community in the Berryessa area,'' said Larry Bengiveno, vice president of development for Borelli Investment. NUMBERS: San Francisco-based TMC Development arranges federal loans for small … [Read more...]
Archives for 2006
Do the Math. Any Way You Figure It, Owning Adds Up
Do the Math. Any Way You Figure It, Owning Adds Up Most small to medium-sized businesses don't think about buying business space. But with today's real estate market and tax laws, that has changed. Buying the right business condominium is a far better value than leasing. Just do the math. Put 10% down with SBA financing, subtract first-year IRC Section 179 write-offs of up to $100,000. And cost segregation that significantly accelerates depreciation. Even before considering other tax deductions and potential appreciation, you're dollars ahead! Borelli Investment Company is the Silicon … [Read more...]