With the unprecedented support of corporate and individual donors, PICOR Charitable Foundation (PCF) raised a record high $45,545 and donated the total, dollar for dollar, to not-for-profits serving disadvantaged youth in greater Tucson. Giving in 2011 represents an impressive 35% increase over 2010 and brings PCF’s total grants to Tucson charities in excess of $533,000.
PICOR Connect | Trends in Commercial Real Estate
Gross revenue for U.S. third-party logistics providers (3PLs) is expected to exceed $140 billion in 2011 -- quite a feat when you consider that in 1976, less than 6,000 trucking companies had operating authority from the Federal Motor Carrier Safety Administration (FMCSA). After deregulation of the transportation industry in the 1980s, competition increased dramatically and traditional trucking companies began expanding their services. Many evolved into what we now know as 3PLs, offering warehousing, cross docking, inventory management, packaging and freight forwarding. The 3PL industry has grown steadily for three decades and, according to a recent report by Grubb & Ellis, 3PL were the most active segment of the warehouse logistics real estate market in the first quarter of 2011. A number of factors are in play and the outlook is good.
Guest Post by David Kurtz, CPA: The rules and choices in determining the lives, methods and placed in service dates of certain rental real estate, such as office buildings, shopping malls and centers and warehouses, are complex and need to be carefully considered because supportable larger depreciation expense deductions can effectively (i) defer federal income taxes of 25% on rental real estate income and (ii) convert up to 35% income tax rate savings into 25% income tax cost on the sale of depreciable rental real estate, which is a permanent tax savings of up to 10% of the depreciation expense deductions.
Arizona’s historic reliance on home-building and construction jobs make economic recovery a slower proposition. Conventional wisdom holds that we will not return to those heady days, and the job base must diversify. Why care about Arizona housing if you live and work elsewhere? As global commerce and finance are increasingly interrelated and interdependent, we can't ignore the fact that domestic issues have impact beyond artificial borders. When those regions hit most hard by the housing bubble recovery, the entire country will benefit.