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GO GREEN
Everyone has ideas about greening residential real estate, but what about commercial investment property going green. Share your experiences or questions…comment here!
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Mandatory Access for Telecommunications Providers?
Mandatory Access to Commercial Property for Telecommunications Providers?
How do the contracts between commercial or multi-family property owners affect Tenants? The FCC is asking for your comments on an issue that could affect who has access to your property.
[Read More...]To Exchange or Not to Exchange…that is the Question!
Whether ‘tis better to sell and pay taxes or by deferring gain to leverage your portfolio?
Section 1031 of the Internal Revenue Code provides that neither gain nor loss is recognized if property held for investment use in trade or business is exchanged for like property. The term “like kind” refers to the grade or quality of the property, not a specific type or class. Thus, single family rentals can be exchanged for a retail strip center, commercial or industrial property.
[Read More...]Port to Build ‘Green’
The Port of Long Beach is making plans to build a new “green” headquarters building as it pursues a larger program to clean up the air at the complex.The nine-story, $218 million structure would replace its current cramped headquarters, which was built nearly five decades ago.
The new building will include a variety of environmental features, including a design that uses natural light to cut energy usage, which the port says will qualify it for environmental certification from the U.S. Green Building Council.
“This upfront investment would give us long-term savings on energy costs, a more efficient workplace and more publicly accessible facilities,” said Richard Steinke, the port’s executive director, in a statement.
The port plans to gather comments from the public before proceeding with construction, which would take about five years to complete.
The announcement comes as the port pursues a plan that would replace thousands of old, diesel-spewing trucks that carry goods to local warehouses. The port complex, which includes the neighboring Los Angeles port, is the largest single contributor to air pollution in Los Angeles.
By RICHARD CLOUGH
© 2008 Los Angeles Business Journal Associates. All rights reserved.
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