CORFAC News

HOLLYWOOD, FL -- (November 1, 2010) –CORFAC International today announced thatthe commercial real estate brokerage and property management organization has formed a strategic alliance with Irvine, CA-based The RSH Group.RSH's staff brings 30+ years of financial and tax advisory services to improve a company’s fiscal performance from their existing facilities, expansions, consolidations, dispositions, and relocations with experience in projects ranging from $1 million to more than $500 million.RSH was founded by Jim Renzas, former Practice Leader of the Incentives & Credits Practice at Arthur Andersen and KPMG and John Schuetz, former Corporate General Manager/Vice President of Marketing for Ford Motor Company, Kia and Daewoo Motors. The Alliance seeks to enhance relationships between CORFAC members and their clients and provide referral fees via the following services:“It is essential that we constantly create value for our clients by introducing new services, technology, an energetic network of professionals and effective implementation of real estate services, and The RSH Group is a good fit for CORFAC firms in all the markets we cover,” said Owen Rouse Jr.,2010CORFAC International president. Mr. Rouse is also a senior vice president and partner with Manekin LLC/CORFAC International, based in Columbia, Md.Added Marc Berg, senior vice president of The RSH Group, who represented the firm in negotiations with CORFAC: “We are thrilled to have formed this alliance with CORFAC International. The market reach of CORFAC firms, reputation and industry status will generate significant opportunity for our consultants and enhance the relationships that CORFAC referring brokers enjoy with their clients.”The RSH Group Services include:·  Incentive Negotiations:  RSH obtains financial incentives by negotiating with government and utility agencies. Incentives provide substantial capital (from $10,000’s to $10,000,000’s) via tax credits and abatements (state, sales, use, property, etc.), fee waivers, relocation reimbursements, hiring credits, energy savings, etc.·  Compliance Management: “Follow-up” management of a client’s incentive agreement to ensure compliance and incentive collection.·  Site Selection Evaluation: Corporate location strategy for HQ or division offices, manufacturing sites and R&D facilities by analyzing labor markets, comparing state and local tax or utility rates, regional economics, demographics, logistics, etc.·  Entitlement Processing: Building a new facility requires significant time to obtain permits, variances, mitigate development conditions, hire and coordinate architects or GC’s, process building plans, etc. RSH consultants have extensive real estate development proficiency in navigating the regulatory review and approval process. ·  Cost Segregation: An IRS methodology to increase after-tax cash flow by accelerating the depreciation of real estate acquisitions, development and TI’s from 39 years to 5, 7 or 15 years. Cost Segregation is retroactive and can provide tax refunds (“Interest-Free loans”) to reduce debt, audit protection for certain depreciation errors and minimize amended returns.For more information on CORFAC’s new Strategic Alliance with The RSH Group, please contact Marc Berg, Senior Vice President, at 949-305-7290 (O), 949-230-5120 (M) or mberg@thershgroup.com.About CORFAC InternationalCORFAC International is one of the largest commercial real estate services organizations in the world and celebrates its 21st year in 2010. U.S.-based CORFAC is comprised of privately held entrepreneurial firms serving more than 150 markets in the Americas and internationally through alliances with UK-based King Sturge, BDIin Mexico,Rios Commercialin Puerto Rico and Panama-based Latin American Corporate Property Services. In recent years, CORFAC firms completed over 9,000 commercial real estate transactions annually, encompassing more than 300 million square feet and valued each year in excess of $30 billion. For more information on CORFAC contact 954-923-6160, info@corfac.com or visit www.corfac.com.