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Department of Revenue Pulls Tenant Improvement Tax

November 29, 2011/in News/by SFOBA STAFF

Commercial real estate brokers and development industry leaders opposed the tax, suggesting it had the potential to have a significant negative impact on the state’s economic comeback. CLICK ON THE HEADLINE FOR MORE ON THIS STORY

3 Firms Join Forces In 33K Broward Aviation Lease

November 17, 2011/in Done Deals/by SFOBA STAFF

The department recently signed a five-year lease with Boston-based Cabot Properties for 32,812 square feet at 2200 SW 45th Street in Dania Beach. CLICK ON THE HEADLINE FOR MORE ON THIS STORY

Department of Revenue Pulls Tenant Improvement Tax

November 29, 2011/in News/by SFOBA STAFF

3 Firms Join Forces In 33K Broward Aviation Lease

November 17, 2011/in Done Deals/by SFOBA STAFF

The department recently signed a five-year lease with Boston-based Cabot Properties for 32,812 square feet at 2200 SW 45th Street in Dania Beach. CLICK ON THE HEADLINE FOR MORE ON THIS STORY

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Department of Revenue Pulls Tenant Improvement Tax

November 29, 2011/in News/by SFOBA STAFF

The Florida Department of Revenue has decided to suspend its consideration of a sales tax on tenant improvements to commercial property.

For now, at least.

“We are not proceeding with the rule at this time,” DOR spokeswoman Renee Watters said Tuesday.

Commercial real estate brokers and development industry leaders opposed the tax, suggesting it had the potential to have a significant negative impact on the state’s economic comeback.

The Florida Gulfcoast Association of Realtors hosted a meeting of industry leaders and DOR officials in Tampa earlier this month.

Tenant improvements are any type of added or changed development to a real estate structure made to help a lessee conduct business. Industry officials were concerned that a tax would dampen tenants’ willingness to improve and expand their businesses, a key to Florida’s recovery.

Could the proposal return in the future? “That’s what ‘at this time’ generally means,” Watters said.

The state is facing a $2 billion budget shortfall in 2012.

Source: TBBJ

3 Firms Join Forces In 33K Broward Aviation Lease

November 17, 2011/in Done Deals/by SFOBA STAFF

The long-awaited $790 million runway expansion at Fort Lauderdale-Hollywood International Airport will have the Broward County Aviation Department departing its home on airport grounds.

The department recently signed a five-year lease with Boston-based Cabot Properties for 32,812 square feet at 2200 SW 45th Street in Dania Beach. The agency’s current office is in the path of the new runway, which will soar over U.S. 1.

The agency is expected to move into its new office, a former administrative office for Robb & Stucky, in the first quarter of next year.

Tom Viscount of Butters Realty & Management, John Halliday and J.C. Halliday of the Halliday Group and John Dohm of Infinity Commercial Real Estate brokered the transaction.

“The three brokerage firms worked together to get this lease completed, with each playing an integral role to help the Aviation Department meet its tight financial budget, which was good for the county, while delivering a top-notch government tenant to Cabot,” Viscount said. “It was a time-consuming and challenging transaction and could not have been done without the efforts and cooperation of everybody. Cabot was really willing to go the extra mile for the Aviation Department.”

Half Sized Blog Element (Single Author Style)

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Department of Revenue Pulls Tenant Improvement Tax

3 Firms Join Forces In 33K Broward Aviation Lease

Department of Revenue Pulls Tenant Improvement Tax

3 Firms Join Forces In 33K Broward Aviation Lease

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Department of Revenue Pulls Tenant Improvement Tax

3 Firms Join Forces In 33K Broward Aviation Lease

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