Staff Spotlight: Mike Kronzer and Joe Vieira This issue of the Insider features two of Borelli’s newest property managers, Mike Kronzer and Joe Vieira. Both men bring an extensive background in managing family real estate holdings to Borelli Investment Company. This makes them an ideal fit for Borelli’s long-time property management philosophy that it manages real estate for third-party owners as if it owned the property itself. Background:Mike — Has been a real estate broker and commercial property manager since 1992. Prior to joining Borelli, was responsible for more than 300,000 sq. ft. … [Read more...]

Hungry For a Tasty Deli Opportunity If you (or a client) have a taste for the deli business, here’s an exciting new recipe for success. Don’t lease your space—buy it. Delicatessens often face high labor costs and narrow margins, making it critical to manage expenses efficiently. One of a deli owner’s largest expenses is occupancy costs. Now, at Junction Office Center, 2051 Junction Avenue in San Jose, you can purchase space for your deli—and lock-in your occupancy costs, while enjoying the significant tax advantages and other benefits of property ownership. High-quality, 1,286 sq. ft. … [Read more...]

BIC-015 fund in conjunction with Aster Avenue Associates raises $10 million; Sunnyvale townhome project now underway Opportunities are often fleeting, but this one was particularly short-lived.  Borelli Investment Company raised $10 million in only one week for its latest investment fund—BIC-015—offered in conjunction with Aster Avenue Associates.  Investors snapped up the $100,000 shares, which are projected to pay an annual return of 12 percent over the expected 18- to 24-month holding period. With the money for the project now raised, KB Home—California’s largest builder of new homes … [Read more...]

When It Comes to Leasing... The Little Things Borelli Does Mean a Lot The executive vice president of a small technology company based in San Diego hops a flight to San Jose. An hour and a half later, he’s in his rented car leaving the airport. His mission: find space for a small secondary location in Silicon Valley. Where does he turn? His specific interests and requirements create a challenge for many brokers: He is looking for less than 1,500 square feet of space. In fact, he would prefer it to be no more than 500 square feet to start. If he can find an office in the 500 square foot … [Read more...]

15-Year Perspective: Resale Value of Borelli's Commercial Condos Rises Up to 18% Annually Commercial condominiums are one of the hottest trends in real estate today. In a commercial condominium transaction, rather than leasing space, a business buys one or more units. That business then enjoys all the benefits of property ownership, such as: Tax deductions, including IRC Section 179 write-offs of up to $112,000 and accelerated depreciation through the cost segregation accounting method Loan interest deductions The ability to lock-in occupancy costs Equity buildup plus potential … [Read more...]

Race fans can enjoy the ride of a lifetime in a historical NASCAR car, and help in the drive to detect cancer at its earliest, most curable stages. San Jose, Calif., February 28, 2007 — If you've ever dreamed of seeing the checkered flag wave as you flash across the finish line in an auto race, here's your chance. The Historic Stock Car Racing Series (HSCRS)-an organization dedicated to the restoration, preservation, and continued competition of former NASCAR stock cars-is offering a limited number of rides to donors in the HSCRS Ride Of Your Life. The 10-lap race will be held on Saturday … [Read more...]