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CBRE Adds Cost Segregation Group

ATLANTA-The new service aims to help local building owners achieve tax savings.

By Carl Cronan | Updated on November 07, 2008

ATLANTA-CB Richard Ellis has added a Cost Segregation Group to its local offices to help commercial real estate owners find components that can be treated differently under federal tax codes affecting properties. The service is being expanded to the Southeast at a time when higher taxes are being proposed by the new Obama Administration.

Gregg Young has been named managing director of the Atlanta group. Young, who has nearly a decade of experience in separating costs between personal and real property, will be adding other specialists to the local team.

“In this market, everybody is looking at their bottom line, and this is one way [for CRE investors] to enhance that,” Young tells GlobeSt.com. He notes that cost-segregation studies can be applied to existing buildings as well as those in design or construction phases.

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