A record-breaking snowfall for Minnesota in the month of February is no small deal! At this time of year, and the weather we have been having, is cause to pay attention to impacts to buildings and roofs. With more wet snow on the way, over the next few weeks, we urge you to take action now. Here are a few of the main maintenance tips we would like to share with you.
The Appro team would like to remind our clients and commercial property owners about the upcoming construction on County Road 70. The city of Lakeville plans for expansion on County Road 70 from Kensington Boulevard/ Kendrick Avenue to Cedar Avenue. The purpose of this project is to improve safety and operations due to increasing traffic volumes. The following is a list of the project goals, potential benefits and concerns, and time schedule. In effort to assist our clients on what they need to know about the upcoming expansion, we hope this information is useful for future business decisions.
Our company would like to share some information regarding a 1031 exchange, also known as like-kind exchanges. This is very relevant to an industrial business owner and may be seen as very beneficial to look into further. 1031 exchanges have been a vital aspect of the tax code since 1921. It allows investors or business property owners to sell a property, buy a new property, and defer paying capital gains tax on the sale, as long as both properties are of like kind. In the future, the taxes will have to be paid because it is a deferral, not an exclusion. There are many rules for how the exchange must be carried out, so we provided some options that may be useful for business owners of industrial buildings.
Meet the APPRO and CERRON Team: PASTOR PAUL MARZAHN
Last mile logistics is a hot topic in today’s retail environment. We have seen the decline in the standard retail storefront over the past few years, with many of these storefronts have been replaced by Amazon Prime trucks zipping across the freeways, fulfilling orders placed online for items which used to be purchased at the neighborhood store. So, what do these changes in consumer habits, and therefore changes in supply chain logistics, mean for builders, commercial real estate practitioners, investors, and owner/operators? We offer a definition, considerations, a case study and additional resources to consult for logistics site considerations.
The National Association of REALTORS recently published a video summary of the recent tax reform changes. Specifically, the presentation summarizes the "wins" for commercial real estate.
We are excited to see this information and are certain that our readers will hopefully find some helpful information from this presentation. Simply click on the link below to watch this quick (less than 10 minutes) video to learn more!
When a new employee joins our APPRO & CERRON team, we are eager to introduce them to our friends, colleagues and clients. In this latest blog article, we would like to introduce you to Teresa Moberg. Teresa has an amazingly upbeat, positive outlook and is a great addition to our team, in the role of bookkeeper. We took some time to ask a few questions and share Teresa's responses with you below.
In this blog, you will:
- Learn more about our newest team member
- Find a link to meet more of our team members
We hope you enjoy!!