Thursday, March 26, 2009

1st Quarter News and Notes

CSU - SIOR Study Shines Positive Light on Castle Rock Commercial Development

FORT COLLINS - Commercial building permit and plan review fees in 20 cities and counties along Colorado's Front Range range from high - Boulder County at $72,465 - to low - Greeley at $31,275, according to a new study from the Colorado State University Everitt Real Estate Center.

Customer service could be excellent in Castle Rock and Fort Collins to below average in Aurora, according to the study.

To read a copy of the entire study please click
HERE.

Source: CSU News & Information


3 Commercial Real Estate Tax Breaks in 2009

The Passage of the Emergency Economic Recovery Stabilization Act of 2008 (H.R. 1424) last fall extended several tax benefits for commercial properties.
1. The 15-Year Straight Line Depreciation Cost Recovery Period: Applies to leasehold improvements placed in service after December 31, 2008 has been extended Through 2009

2. Deductions for Energy Efficient Upgrades: This provision applies to all commercial buildings (excluding apartments) and has been extended through 2013. Deductions are up to $1.80 per SF for buildings achieving a 50 percent use reduction.

3. The Cost of Environmental Remediation: This can still be deducted rather than capitalized for property placed in service after December 31, 2007; this provision has been extended through 2009

Source: NAR Commercial


Edge Commercial Adds Broker Heather Taylor

Edge Commercial Properties would like to welcome the newest addition to our Team, Heather Taylor. Heather joins Edge Commercial with a strong sales background along with extensive experience running her own company which was geared toward assisting small businesses in their quest to obtain financing. Heather looks forward to assisting Edge clients with all of their real estate needs.

Please feel free to contact us if you have any questions or if there is any way we might be able to help you.

Sincerely,

Matt CallEdge Commercial Properties
303.688.3332
matt.call@edgecommercialproperties.com

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