Borelli Investment Company Closing Out Ringwood Business Center Three-building, 72,000 square foot business condominium complex sells 46 of 47 units in a little over one year San Jose, California, January 9, 2006 — Borelli Investment Company has announced a virtual sell-out at Ringwood Business Center, a new 72,200 square foot, three-building business condominium complex in North San Jose. Ringwood began selling its 47 business condominium units ranging from 750 square feet to 3,500 square feet just over a year ago, and at this writing, only one unit is left. "Business condominiums are … [Read more...]
Doing Double Duty – Cost Segregation and 1031 “like-kind” Exchanges
Cost Segregation and 1031 "like-kind" Exchanges Doing Double Duty Cost segregation and 1031 “like-kind” exchanges are both excellent tax-deferral strategies that can reduce your taxes. Taken together, the two methods offer even greater benefits for smart property owners. Most owners of commercial property — from a large industrial building to the increasingly popular business condominiums — are aware of the value of IRC Section 1031 exchanges. In these transactions, commonly known as “like-kind exchanges”, owners dispose of business or investment property through a qualified intermediary, … [Read more...]
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