Commercial Property Improvements Equal Tax Benefits in 2013

Are You Missing an Opportunity to Capture 2013 Tax Benefits?

commercial property improvements by design builder APPRO Development 09-26-2013If commercial property improvements are on your horizon, there is still time to improve your commercial property before the end of the year. Did you know there are tax benefits available if you own and lease out commercial real estate? But, you will need to act fast – you have until December 31, 2013 to take advantage of these tax benefits.

According to Stephen Fishman in a recent blog article in Inman News, “Improve Commercial Property Now to Capture 2013 Tax Benefits”, “Qualified leasehold property improvements made during 2013 can qualify for the following tax benefits:

 

  • 15-year depreciation period (instead of 39 years).
  • Section 179 deduction up to $250,000.
  • 50 percent bonus depreciation.

Any one of these benefits would be great, but all three together enable commercial landlords (and lessees) to deduct a huge percentage of the cost of making improvements in a single year, rather than having to depreciate the entire cost over 39 years.”

APPRO Development, Inc., your midwest design-build, general contractor, has been helping business owners like you to find unique property solutions for more than 25 years. We have a few openings left in our fall schedule – Contact Us today to schedule your commercial property improvement.

Commercial Developers Applaud Recent Decision

Commercial Developers Applaud Supreme Court Decision

land development on wetland legal decisionAt APPRO Development, a commercial land developer providing design-build and general contractor services across the midwest, we were intrigued by a recent article titled, “Supreme Court Decision Involving Wetlands Helpful to Developers”, by Cleve and Rye.

“On June 25th, 2013, the Supreme Court of the United States expanded the circumstances under which the government may be liable for overreaching in making demands from a property owner as conditions for a permit approval.” According to a recent summary article relating to this decision, written by Gary A. Van Cleve and Timothy A. Rye, of Larkin Hoffman Daly & Lindgren Ltd., “the court has now clarified…that the government can be held liable for overreaching demands regardless of whether the permit is granted with conditions or denied because the property owner refused to accept the conditions. The court also said…that a condition in the form of a payment of money is subject to scrutiny for potential government overreach.”

This recent ruling should be considered a “win” for land owners, “since it expands the situations where the constitutional tests of nexus and rough proportionality will be applied in determining whether there is government overreach in exacting a price on a property owner as a condition for a permit approval.”

APPRO Development, Inc. has been developing land in the midwest, including North Dakota and Minnesota, since 1987. We have helped land owners navigate the seemingly daunting processes involved in land development, by starting with the creation of a comprehensive schedule for you. If you are a land owner and would like to discuss development options, please Contact Us today.

“Safety First”

“Safety first” has been a popular catch phrase for years, and is used in the public and internal literature of many companies, especially those in fields where it matters the most, like in construction. Too many construction sites have personnel that treat it as an afterthought, however, if they give any thought to safety at all.

Why do people who have the most to lose if a job site is unsafe, the workers themselves, seem to be the people most likely to display a don’t-care or slack attitude about safety? You would think these people would be the most diligent about safety. There are, of course, many foremen and trades people who look at a safe working environment and planned construction method as paramount in doing their jobs properly, safely, and can therefore execute their work with confidence. But there are still too many others not following that example!

A site where everyone automatically includes elements of safety into each day’s construction plan can be the norm, however. A culture of safety can be grown in crews and companies by teaching, reminding and enforcing commonly known OSHA safety measures that everyone on a site should, and most do, know. But how does one grow such a culture?

It starts with a company’s commitment to safe work procedures and a well written safety plan; it continues with signs, checklists, and feedback for any crew’s plan for working safely on any given day. It is enforced by giving verbal and written warnings, and where necessary, taking action to remove individuals from the site that refuse to take safety rules seriously. Companies that continue to send such people to a site should be replaced by other companies who will send safe workers.

Safe workplace procedures like those listed above are a must in today’s construction world, as there are too many life, health and financial repercussions for those companies that don’t do so. I urge everyone, no matter what level of authority, to look at what your company is doing to keep everyone in your workplace safe. I bet you’ll come up with at least one suggestion that leads to a safer and more peaceful workplace for all. After all, the life you save or health you protect may just end up being your own.

APPRO Development, Inc., a Lakeville based commercial construction company, is committed to “safety first” on all its construction projects – large or small. You may review our safety mission statement for more information on APPRO’s policy, and as always, please contact us with any questions.

Lakeville Industrial Warehouse Building Expansion Project Breaks Ground

APPRO Development as design build general contractor at QA1 Groundbreaking

Groundbreaking at QA1, Lakeville, MN with APPRO and CERRON

Lakeville Industrial Warehouse Building Expansion Project Breaks Ground with APPRO Development and CERRON Commercial Properties helping QA1 to celebrate an official groundbreaking for the addition of a 17,200 sq. ft. warehouse. The new addition will expand their existing space to accommodate QA1’s growing business.

The entire QA1 team was joined by a few of the APPRO and CERRON team members to participate in the official groundbreaking ceremony. Everyone at QA1 is looking forward to the added space this new expansion will provide. More information about the ceremony can be found on QA1’s news page by clicking on the following link: QA1 NEWS. Additionally, if you are interested in learning more about QA1, located in Lakeville, MN, you may visit their website at: www.QA1.net.

Looking for more information or ideas for your growing business? Feel free to contact our design team for a no obligation appointment to discuss your needs and ideas.