New Final Regulations for Real Estate Tax Deductions

Owners of commercial real estate and property managers have long recognized the benefit of the depreciation deduction. Owners will frequently hire an engineering firm to conduct a cost segregation study on acquired property to identify and quantify assets with shorter depreciable lives. These cost segregation studies help maximize the benefit of the depreciation deduction available to the owner. However, there are significant costs and effort required to complete this work, and the practice has attracted increased scrutiny from the Internal Revenue Service (IRS). During 2013, the IRS released final repair…

Facilities Management – Reduce Time and Cost Expenditure Using a Network

Contracting out facilities management to an experienced firm not only alleviates the headache of day to day maintenance, it also bolsters the bottom line. One way THE CABOT GROUP delivers value to our clients is through the use of improved logistics. Property maintenance is an ongoing effort; servicing is needed perpetually and also over irregular intervals. A portfolio spread across town, then, requires an immense amount of time-consuming travel; from HQ to property A to HQ to property B, etc. This translates to high mileage costs and time on the…

Public-Private Cooperation Spurs Economic Development

Much has been written, both pro and con, about the appropriateness of governmental/municipal participation in real estate development projects; the so called public-private partnerships. Some opponents of such projects decry the need for public assistance to induce developers to invest in projects that are deemed relatively risk free. I must admit that on more than one occasion, I have found myself in agreement with those who shake their heads in disbelief at the necessity of these “handouts.” However, when it comes to center-city, urban redevelopment projects, public- private cooperation is…

Information and Infrastructure Security

Technology is an integral part of our day to day existence. Maintenance requests, alert systems, communication channels and the like are all put in place to ensure the safety and comfort of the tenant as seamlessly and as efficiently as possible.  How would the maintenance crew respond to a lapse in their service request servers? In order to prevent hiccups in customer service, facilities managers must take proactive steps. Identify Critical Systems Decide what you cannot do without. Imagine all systems and semblance of order has fallen apart for three…