Borelli Buys Into Business Condo Concept—Relocates to Junction Office Center

You’ve heard us talk at length about the benefits of business condominiums. Here’s how you know it’s not marketing hype. Borelli Investment Company has purchased its own business condominium at Junction Office Center, 2051 Junction Avenue, Suite 100—and a few weeks ago, we relocated our offices there.

Borelli Investment Company occupies approximately 5,500 square feet on the ground floor of one of the two two-story buildings. The company’s space includes two nicely appointed conference rooms, private and open-space offices, and other work areas. Building amenities include high-speed Internet service, showers in the brand-new restrooms, the latest heating and air conditioning systems, and plenty of parking.

“Business condominiums make absolute sense for companies of any size—including ours,” said Buddy R. Parsons, president of Borelli Investment Company. “When we got the opportunity to ‘put our money where our mouth is’, we made the move.” READ THE FULL STORY

Cash in Now on a Full-Year Tax Break for Business Condominiums

With fall in the air, you may be thinking about football tailgates, Halloween costumes, the coming holidays, or ski getaways. But what you should do first is give a little thought to your tax situation.

If you need some additional deductions—and who doesn’t?—one of the best available is the purchase of a business condominium from Borelli Investment Company. Section 179 of the Internal Revenue Code allows business owners to deduct up to $108,000 from company profits for a business asset the first year it’s placed into service. Best of all, even if you buy a business condominium in October, November or December, you can take a full-year deduction for 2006.

Through the use of an accounting method called cost segregation, you can easily take advantage of the IRC Section 179 deduction and also accelerate the depreciation of building components with shorter lives than the structure itself. Your down payments can be as little as 10 percent, and tax write-offs can cover most out-of-pocket costs the first year—making buying a business condo a very smart move. READ THE FULL STORY

Tips for a Successful Real Estate Investment Review

If you are a real estate investor—whether you own individual buildings or syndicated investments—it is prudent to review your portfolio annually. Market dynamics, interest rate fluctuations, aging properties, and changes in your own personal financial situation can all impact your investment portfolio.

Borelli Investment Company has extensive experience reviewing real estate portfolios of all kinds and sizes—from those of our investors to our own holdings—and we’d like to share a few tips to ensure that your real estate investments keep performing, in all kinds of markets.

This article walks you through our key advice regarding calculating returns on equity, estimating projected income, evaluating capitalization rates, and more. READ THE FULL STORY

Borelli Completes Land Deal for Morgan Hill’s Largest Shopping Center

For three decades, Ralph Borelli quietly worked behind the scenes with a number of landowners in the South Valley. His objective—put together enough parcels to build the largest retail project in Morgan Hill’s history.

Over the years, Borelli encountered one obstacle after another. Reluctant partner groups. Entitlement issues. Zoning changes. In addition, other land brokers tried to assemble the same parcels to develop offices or homes. But in the end, Borelli’s persistence paid off in the announcement of a 66-acre, 650,000 square foot mall anchored by a large Super Target store—a center that will become the crown jewel of retailing in Morgan Hill. READ THE FULL STORY

Robinson and Van Wagner of Win SJ Grand Prix Luxury Seats

Patricia Robinson and Ron Van Wagner of Grubb & Ellis were the big winners in Borelli Investment Company’s San José Grand Prix promotion. By closing deals on two office condominiums at Borelli’s Junction Office Center, the two brokers were the top producers, and they enjoyed the race from Borelli’s two-story, luxury trackside suite, as well as receiving pit crew access, generous cash vouchers, and rooms for the weekend at the Hilton hotel.

Speaking of big winners, the race charity—Canary Foundation—received more than $1 million for research into methods for early cancer detection. Ralph Borelli contributed by auctioning rides in his vintage #22 Maxwell House car—a former pole sitter at the NASCAR Daytona 500. READ THE FULL STORY

Staff Spotlight: William (Bill) R. Costello, Jr.

We’d like to introduce some of the dedicated professionals who serve you at Borelli Investment Company. This month, we are featuring Bill Costello, who is recognized as one of the top property management professionals in Northern California.

Bill and his team manage nearly half of the properties in our portfolio, adding “big-company” institutional experience and know-how to our offerings. Bill describes Borelli’s secret to success in property management for its clients this way: “We think like an owner, even though we are a third-party manager…” READ THE FULL STORY

COMMERCIAL REAL ESTATE INSIDER is published periodically by Borelli Investment Company. For more information about Borelli’s services, visit www.borelli-inv.com, or e-mail info@borelli-inv.com. If you’d like to add an individual or business to our electronic distribution list for this and future issues of the Insider, CLICK HERE. © 2006 Borelli Investment Company. All rights reserved.