Things You Need to Know...

BOMA Scores Win on Leasehold Depreciation; Senate Adjourns without Action on TRIA

Last night, the U.S. Senate approved a package of tax “extenders,” including a one-year, retroactive extension of the 15-year depreciation period for tenant improvements, which had previously expired at the end of 2013.

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State budget surplus projected to be $1.037B

The Minnesota Management Budget Office released its forecast for FY 2016-17. As of November, it’s projecting a surplus of $1.037B.

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St. Paul Xcel Energy Center gets world-first sustainability rating

The Xcel Energy Center and RiverCentre are certified in three major international sustainability standards, making the downtown St. Paul complex the first in the world to attain such comprehensive validation.

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