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Specializing in Leasing, Sale, and Development
Tucson Real Estate Market News
Green Building
Green building is the practice of increasing the efficiency and reducing the environmental impacts of land development. This can be achieved not only through installation of energy efficient appliances or recycling white paper, but through more indirect energy saving techniques and innovative construction practices. Some of these are site selection, (which includes calculating transportation and Heat Island impacts on the environment), and water conservation, for example using non-potable wastewater for landscape irrigation. More ways to build green are to carefully choose construction materials by using rapidly renewable materials, parts and materials of the previously existing building, and by choosing materials that originate locally. Building green does not stop at the ribbon cutting. Operation and maintenance play a huge role in sustaining the energy efficiency and increased value green buildings provide. Green building is a win-win situation. For example, if the HVAC unit for an existing building gets a green renovation; the utility bill will be reduced, lowering NOI. At the same time the now up-to-date energy efficientHVAC system has increased the property value. Building green will ultimately leave the owner with a more desirable, thus higher priced piece of real estate. An investor/owner will lower the monthly expenses during ownership and realize a higher return when it is time to sell. Through better site selection, design, construction, operation and maintenance, one can reduce impacts on human health and the environment, not to mention increase the property value.
Sustainable and Responsible Property Investment in 2007, Dr. Gary Pivo, MRP, PhD, University of Arizona, UNEP FI Property Working Group Institute For Rsponsible Investment *Green Building Checklist – Commercial Construction: http://www.ci.berkeley.ca.us/onlineservice/planning/II.F.4%20Green%20-%20Commercial%20Checklist.pdf
How you hold title to property is very important and can have far reaching implications in the future to both your family, business and spouse. While we can't predict what is best for you, we encourage that if you are buying property this year, you carefully evaluate what may be the best for you. Click here to review several popular ways to hold title to real estate.
The Tucson Empowerment Zone provides benefits to businesses and people who are looking for jobs. The benefits are intended to stimulate job growth and promote economic development. The zone is designated by the US Department of Housing and Urban Development and it provides federal tax credits to businesses as an incentive to locate in and/or hire people who reside there. These tax credits are a direct bottom line savings to the company. The zone is approximately 17 square miles in area is roughly bounded by Pastime Road on the north, Irvington Road on the south, Fairview Road to Mission Road on the west and Los Altos to Campbell on the east. A business can take up to $3000 per year through 2009 for each employee they hire that works in the zone. There are several other available credits. For more information please check out the Tucson Economic Regional Opportunities website at www.treoaz.org or call Paul Swift at 520-243-1947. Profile | Listings | Press Releases | Request Info | Home 520-294-1610 Tucson Industrial Realty, LLC Site Design by Site Maintained by © 2000-2007 Tucson Industrial Realty, LLC
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