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Commercial Real Estate
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Durango Village is a garden style office development located on Durango Drive and Patrick Lane in the Southwest. The project is strategically located equal distance from Southern Hills, San Martin and Spring Valley and offers easy access to the 215 Beltway. Durango Village is home to an array of professional business owners and now real estate owners. Seven of the 12 buildings have been sold to the likes of doctors, dentists, attorneys, insurance companies and more.
Durango Village was recently completed and is nearly sold out. The project offers 1,200 to 25,000 square feet of space for sale. Each building is delivered in grey shell condition, which means that you purchase a space that you can customize to your specifications. Each unit comes with covered parking and signage on the building as well as on the monument sign prominently located on Durango. The two-story building has common rest rooms on each floor and an elevator.
Just this March, Durango Village won the NAIOP Spotlight Award for best Small Office Building in Las Vegas.
For more information on the remaining space at Durango Village contact Miriam Campos-Root, CCIM, LEED AP or Dana Berggren at (702) 363-7600.
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On February 13th of this year President Bush signed the Economic Stimulus Act of 2008 that amounted to more than $152 billion this year. The bill provides temporary tax incentives for businesses to make investments in their companies in hopes of spurring new jobs. A “bonus” depreciation schedule was made available for landlords and commercial tenants who complete capital improvements to residential or commercial rental property by the end of 2008. The 2008 write off is a generous 50 percent of the costs for qualified leasehold improvements. The remainder of the cost is written off in declining increments over 15 years. Improvements completed after 2008, however, revert back to the previous schedule. The prior write off is only 2.5 percent of the cost in the first year, with the remaining spread over 39 years.


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