A structural engineering firm was hired by the State of Washington to design three new schools, which totaled an estimated 281,558 square feet. The designs incorporated several energy efficiency measures in the lighting systems, HVAC systems, and the building envelope. These measures exceeded ASHRAE Standard 90.1-2007, indicating that the buildings met the latest widely accepted [...]
An architecture firm in Connecticut was hired by a government entity to design an 89,693 square-foot elementary school. The design, which was completed in 2020, included several energy efficiency measures in the school’s lighting, HVAC systems, and the building envelope. These measures were found to exceed the standards of ASHRAE 90.1-2007 by over 50 percent, [...]
For commercial building owners, the federal tax code offers several strategies to help offset the many costs associated with owning and maintaining a commercial property. One of these strategies is Cost Segregation, which allows building owners to reduce their tax burdens and boost cash flow through accelerated depreciation deductions. Wondering if you are eligible for [...]
By reclassifying certain real property assets as personal property, Cost Segregation studies offer a powerful way for commercial building owners to unlock depreciation deductions—thereby reducing their tax burdens and boosting cash flow. However, following sweeping changes under the Tax Cuts and Jobs Act of 2017, Cost Segregation may be more beneficial than ever before due [...]