14B — December 27 - January 16, 2020 — Owners, Developers & Managers — M id A tlantic
Real Estate Journal
O wners , D evelopers & M anagers
AMILTON, NJ — Spiezle Architec- tural Group, Inc. , Move will strengthen& expand capabilities, improving service to current and prospective clients Spiezle Architectural Group acquires City Invincible Architecture based in Camden, NJ H Philadelphia, Spiezle will now be able to better serve its cli- ents in concert with the City Invincible team.
to 95 team members. With this acquisition, Spiezle added 13 members to its team of employee-owner professionals; boasting extensive architec- tural, planning, landscape ar- chitectural, and interior design experience in all their market sectors. This is Spiezle’s second acqui- sition in the firm’s 65 year his- tory. In 2016, Spiezle acquired GS Architects to extend its service portfolio while driving the Firm’s mission of deliver- ing thought leadership in the healthcare markets. “We look forward to continu-
ing our smart growth approach to diversity, both in client offer- ings and geographic locations, and City Invincible is an im- portant piece of our progression into the future,” Perrino said. Key write off reminders for real estate owners . . . property (see definition above) • Roofs • HVAC property • Fire protection and alarm systems • Security systems Cost segregation study If you have purchased a building, constructed or remod- eled your property in 2019, a cost segregation study should be considered. Generally speak- ing, a commercial building’s total cost basis is depreciated using a 39-year life under the straight-line method. A cost segregation study will identify, segregate and reclassify the various assets to shorter-lived assets (e.g. 5-, 7- and 15-year assets) from the total cost basis of the building being depreci- ated over 39 years. The shorter- lived assets are then potentially eligible for immediate Section 179 expensing or 100% bonus depreciation which generally results in significant tax deduc- tions for property owners. With the various deprecia- tion methods available, a real estate owner has many tools to use for year-end planning to reduce taxes and improve cash flow. Planning options and potential outcomes should be considered sooner rather than later so there is time to take ac- tion before the fast approaching year-end. Michael West, CPA tax manager at Withum. continued from page 8B lifts that cannot be accom- plished in the short term. Then, incorporate documen- tation and work practices into the properties multiyear plan! I strongly suggest that if you have no lead coverage or have very high deductibles address immediately! Lee Wasserman is found- er of LEW Corporation (Est. 1992), a nationally recognized industry leader who specializes in Envi- ronmental microbial and lead-based paint issues. continued from page 11B How to Address your Lead Based . . .
Perrino , president & CEO of Spiezle said about the acquisi- tion. “City Invincible’s expertise in urban planning and mixed use/multi-family not only adds to the diversity of our Firm, but complements our current offer- ings and expands the number of market sectors we service.” City Invincible, which will now be known as “City Invin- cible, a Spiezle Company,” op- erates out of the historic State Bank of Camden building on Market St. and offers over 30 years of project experience. With easy access to southern New Jersey and Center City
an employee-owned, award- winning, full-service architec- tural, interior design, landscape architecture, and planning firm, has acquired City Invincible Architecture, Interiors and Urban Design of Camden, NJ. This strategic acquisition will bolster and expand Spiezle’s current offerings; allowing the Firm to better serve its current and future clients. “We are very excited to add City Invincible to the Spiezle family of companies,” Thomas
“We are thrilled to have City Invincible join forces with Spiezle,” said City Invincible’s founding principal, Angelo Alberto . “Spiezle’s impres- sive breadth of markets will allow City Invincible to both diversify its offerings while continuing to improve upon its excellent client service.” The City Invincible acquisi- tion illustrates the significant progress of Spiezle’s strategic growth plan by expanding
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