Real estate depreciation provides valuable tax advantages for property developers and owners. Applying the available depreciation rules on real estate assets allows commercial and residential rental property owners to deduct substantial amounts of the purchase price and/or improvement costs of a property, thereby dramatically reducing their taxable income. Straight-line depreciation schedules — 39 years for […]
The recent $24.8 million purchase of a multi-tenant Glendale medical office building on the campus of Glendale Memorial Hospital and Health Center marks a growing trend in the region’s commercial real estate market – the value of medical office properties. For the full story, go to San Fernando Valley Business Journal. © 2021 San Fernando Valley Business Journal. […]
Marshawn Lynch, the former Seattle Seahawks running back, has a new restaurant opening at an upscale Portland high-rise.BEAST by Marshawn Lynch & Kama’aina has a new long-term lease for space at Broadway Tower in downtown Portland, according to BPM Real Estate Group. The restaurant could open as early as this month or October.For the full […]