Borelli’s Property Management Services Reach Beyond Silicon Valley

Borelli Property Management Services Extend Beyond Silicon Valley

Borelli Investment Company is well-known for its high-quality property management services. Borelli’s professional property managers work closely with owners to set rents and efficiently lease space, maintain and improve properties, respond to tenant requests, and keep the books in good order. Clients know they can count on high occupancy rates and proper positioning to maintain value over time in up markets and downWhat you may not be aware of is that Borelli Investment Company provides its property management services not only here in Silicon Valley, but also in other markets throughout Northern California.

A Growing Central Valley Portfolio

One of Borelli’s hottest growth areas in recent times has been the Central Valley. Borelli now manages multiple properties in Tracy, Turlock, Stockton, Elk Grove, and West Sacramento—among other Central Valley towns and cities. The holdings include retail centers, a variety of office buildings, and industrial properties.

California’s Central Valley is experiencing rapid growth,” said Buddy R. Parsons, president of Borelli Investment Company. “Many of our clients are interested in taking advantage of the attractive ownership opportunities there. Once they have purchased a property, they need to work with someone they trust to manage it. We have the ability to minimize risk, reduce operating expenses, and increase the long-term asset value of properties located up and down the Central Valley.”A good example of the benefits Borelli provides can be found at the 250,000 square foot Countryside Plaza retail center in Turlock. When Borelli was selected as property manager in 2004, Countryside Plaza had not increased its lease rates in years. The prior owner had been hesitant to do so, because he was skeptical that rates could be raised without causing long-time tenants to move out. Borelli managed an increase in rents to market levels and maintained virtually 100 percent occupancy during the adjustment period.

“It simply didn’t make sense to leave rental rates unchanged,” Parsons explained. “By acting on the owner’s behalf, we were able to negotiate appropriate increases for tenants without hurting the owner’s established relationships or negatively impacting occupancy. We have also begun a program of planned improvements to ensure that the center is always well-maintained and modernized.”

Property Management Everywhere

Wherever you decide to buy, contact Borelli if you need professional property management. For more information about Borelli’s professional property management services and pricing that pays for itself, contact Buddy Parsons at (408) 453-4700, or e-mail buddy@borelli.com.

 

Do Your Cars Reserve Their Own Condo?

Borelli Investment Company Begins Presales At Club Auto Sport in North San Jose

Innovative Concept Offers Commercial Condominiums with Concierge Services and an Exclusive Club for Car Enthusiasts

Some people who possess a true passion for auto racing or a love of vintage automobiles become serious car collectors. In the past, these growing collections have in turn created growing problems for their owners. Where does one store all these cars? Stashing autos at friends’ homes or in parking garages typically proves to be an impractical and expensive proposition.

Now, there is Club Auto Sport—Silicon Valley’s first purpose-built commercial condominium facility designed for racing and car enthusiasts—with a full line of timesaving concierge services and an exclusive club for owners.

The two-building, 120,000 square foot complex at 521 Charcot Avenue in North San Jose—which is being developed by a partnership led by avid car collectors and vintage racecar owners John Davis, Ralph Borelli and long-time local racecar driver, IRL and CART team owner, John Della Penna— will be undergoing $15 million in renovations. When completed, it will feature a clean high-tech design, 10,000 square foot state-of- the-art showroom and lounge area for watching televised motor sports events, a large conference room with audio and video conferencing, banquet and hospitality facilities, sophisticated electronic security with CCTV inside and out, and automated roll-up truck doors hidden from the street.

The Place for Auto Enthusiasts

Club Auto Sport promises to be a gathering place for fans of racing’s top Formula One, IRL, Champ Car, NASCAR, and other events—as well as dedicated car collectors. Condo owners will be able to store and care for their cars in the purpose-built units, getting together in the showroom or lounge to view some of the club members’ most notable cars on display or to cheer on their favorite drivers and race teams.

One of the biggest benefits of Club Auto Sport is the wide variety of services available to save time. Need to have one of your cars detailed, taken in for service, or filled up before you come to pick it up? Want your RV cleaned out, the tanks serviced, the refrigerator turned on, and the fuel and oil checked so it’s ready to go? Our “arrive-anddrive” services are for you. Plus, owners can have their cars delivered to their homes whenever they wish. All they have to do is call the Club Auto Sport concierge to arrange it.

Club Auto Sport’s banquet and hospitality facilities will be some of the best in the area, making the club ideal for charitable, political, corporate, or social gatherings of all kinds. Ample onsite parking will accommodate up to 100 cars outside the security gates for visitors. The complex’s central location in the Golden Triangle makes it easily accessible for owners and invited guests via I-880 or Hwy 101 or 237, or even flying in to Mineta San Jose International Airport—five minutes away.

“Club members will be able to participate in organized automobile and racing-related activities,” noted John Davis, founder of Air Systems, Inc. and president of Davis Motorsports. “These could include instructional track driving days, touring events, celebrity guest appearances, dinners, or high-profile charity events.”

Benefits of Condominium Ownership

Buyers at the Club Auto Sport condominium complex can purchase as much or as little space as needed, with units from 800 to 10,000 square feet. The smallest units will accommodate up to 4 cars, and more if stacking systems are used. All units have full-height demising walls, with built-in ventilation systems. The complex meets the strictest building codes, including the latest fire protection systems. Owner amenities can include private bathrooms (in addition to the building’s common restrooms with showers), kitchens, offices, and more. Utilities are Borelli Investment Company Begins Presales At Club Auto Sport in North San Jose Innovative Concept Offers Commercial Condominiums with Concierge Services and an Exclusive Club for Car Enthusiasts A members-only club for your car. And you. separately metered, and individually climatecontrolled condos are available. Borelli Investment Company, the developer of the project, is also offering turnkey units with standard or customized interiors.

Because owners are purchasing space—not leasing it—they receive a number of benefits: • Quick, but secure 24×7 access to vehicles • Control over occupancy costs • Ability to customize the space in any way desired, subject to Club Auto Sport bylaws • Potential long-term appreciation

“Plus, if the space is being purchased as part of a business, owners enjoy significant tax write-offs,” Borelli commented. “These benefits include cost segregation, the $112,000 Section 179 tax incentive, interest deductions, and other write-offs.”

Construction won’t start until early fall, with the first units available in late spring of 2008. However, presales are already underway, with Phase I approximately 30 percent sold out.

Club Auto Sport is truly a new concept in commercial condominiums, with Borelli Investment Company, a trendsetter in business condominiums, guiding the development.

“People who are passionate about auto racing and car collecting have had few options in the past,” remarked John Della Penna, of Della Penna Motor Sports. “Club Auto Sport is a unique place for cars—and their owners.”

For more information about Club Auto Sport, contact Ralph Borelli at (408) 453-4700, or e-mail ralph@borelli.com.

Local Commercial Real Estate Feeling Few Effects from Subprime Loan Fallout

Local Commercial Real Estate Market Largely Unaffected by Residential Difficulties

Vacancy Rates and Late Loan Payments Among Lowest in 5 Years

Tighter Money Creating Some Challenges

Unless you have been stranded on a desert island lately, you are no doubt aware of theturmoil that has been created in the residential real estate market by the relatively large numbers of nonprime mortgages that have defaulted over the past              year. The difficulties have impacted home loan borrowers, lending institutions, investors in subprime mortgage securities, and the various financial markets themselves. But what has remained largely untouched todate has been commercial real estate. Even with the recent announcement that the deal to buy Carl Berg’s $1.8 billion Mission West Properties’ portfolio of commercial real estate had fallen through due to the inability of the prospective buyer  to secure financing, the commercial real estate market remains strong and largely untroubled.

“Thus far, the fallout from the subprime residential loan crisis appears to have had a limited effect on the local commercial real estate market,” said Edwin K.S. Ryu, principal and co-founder of Legacy Wealth Advisors, LLC, a San Jose-based investment advisory and wealth management firm.

Underpinnings Still Strong

In examining the commercial real estate market, virtually every pillar supporting the industry in Silicon Valley remains solid.

  • Recent earnings reports by Silicon Valley leaders such as Cisco Systems and Apple have been almost uniformly positive.
  • Unemployment rates in the Valley have been trending steadily downward, even as job creation rates have been rising.
  • The conversion of older R&D and industrial space into residential space in large areas of the Valley coupled with comparatively little new construction the past few years has resulted in a shrinking supply of commercial space.

Increasing demand in the face of a decreasing supply has led to significant declines in commercial real estate vacancy rates in Silicon Valley, according to a Grubb & Ellis report. Vacancy rates for the Valley as a whole have broken through the 10 percent threshold for the first time in several years, spurring the construction of new office space. In the meantime, according to the same Grubb & Ellis report, lease rates for premium Class A commercial space rose nearly 6 percent in the most recent quarter, while lease rates for Class B space have increased approximately 3 percent.

Clearly, this is not the case for residential property, where recent defaults have driven home prices considerably lower, and reduced loan availability as lenders try to increase liquidity as quickly as possible.

What It All Means

While taking a wait-and-see approach or making low offers on desired properties may be a viable approach in the current residential real estate market, it is not likely to be a successful strategy in commercial real estate in Silicon Valley, according to Ryu—who was recently selected as one of the top 150 financial advisors to doctors in the nation by Medical Economics magazine.

“Value comes from scarcity, and there is only so much commercial real estate available here in Silicon Valley, perhaps the choicest place in the world to do business,” Ryu remarked. “There will continue to be cycles, which we need to understand and respect. But in the long run, I view the overall market as a bullish one.”

For further details or to review the latest commercial real estate information, contact Borelli Investment Company at (408) 453-4700, or e-mail info@borelli.com.

Silicon Valley Commercial Real Estate Market              at a Glance

  • 5.67 – 6.76 million sq. ft.: range of 2006 qrtly. gross absorption 1
  • 5.71 million sq. ft.: 1st qtr. 2007 gross absorption 1
  • $2.2 billion of venture capital invested in 1st qtr. 2007 2
  • 21,500 new jobs added in 12 mos. ended 3/30/07 1
  • 4.4% unemployment rate in 3/07, down from 4.6% in 2/07 1
  • .03% delinquency on comml. real estate loans, lowest in 5 yrs.3
  • Less than 10% vacancy rate on comml. real estate4
  • 6% increase in rental rates on Class A office space4
  • 3% increase in rental rates on Class B office space4

Sources               1 Colliers International 2007 1st Quarter Report               2 Dow Jones Venture Capital               3 California Mortgage Banker Association               4 Grubb & Ellis

Staff Spotlight: Mike Kronzer and Joe Vieira

Staff Spotlight: Mike Kronzer and Joe Vieira

This issue of the Insider features two of Borelli’s newest property managers, Mike Kronzer and Joe Vieira. Both men bring an extensive background in managing family real estate holdings to Borelli Investment Company. This makes them an ideal fit for Borelli’s long-time property management philosophy that it manages real estate for third-party owners as if it owned the property itself.

Background:Mike — Has been a real estate broker and commercial property manager since 1992. Prior to joining Borelli, was responsible for more than 300,000 sq. ft. of office, R&D, and manufacturing space in Los Gatos and Campbell. Born and raised in Silicon Valley, Mike is a graduate of San Jose State University.

Background:Joe — Is a life-long resident of the Santa Clara Valley, who graduated from Bellarmine College Preparatory in San Jose and St. Mary’s College in Moraga. Was part of a public accounting firm for more than a decade, and also served as director of finance and administration with a major labor union, which covers four Western states and represents more than 40,000 members.

Responsibilities:Mike and Joe will both be responsible for managing and maintaining commercial properties in Borelli’s four million square foot portfolio to maximize their asset potential, while responding promptly and efficiently to tenant needs. Joe specializes in retail properties and uses his background as a CPA to maximize the ROI for owners. Mike efficiently manages a broad cross-section of properties in office, R&D, and industrial categories.

Business Philosophy:“We are committed to helping property owners and investors provide a safe and comfortable environment for tenants, stay within budgets, and generate the highest possible returns for their investment.”

Secret to Success:“We focus on providing personalized services and assistance evaluating and selecting properties, obtaining favorable lease terms, maximizing tax advantages, minimizing expenses and turnover, managing operations, and maintaining properties at their highest and best uses,” said Mike.

Hungry For a Tasty Deli Opportunity

Hungry For a Tasty Deli Opportunity

If you (or a client) have a taste for the deli business, here’s an exciting new recipe for success. Don’t lease your space—buy it.

Delicatessens often face high labor costs and narrow margins, making it critical to manage expenses efficiently. One of a deli owner’s largest expenses is occupancy costs.

Now, at Junction Office Center, 2051 Junction Avenue in San Jose, you can purchase space for your deli—and lock-in your occupancy costs, while enjoying the significant tax advantages and other benefits of property ownership.

  • High-quality, 1,286 sq. ft. facility
  • Exclusive access to 400 sq. ft. outdoor dining area
  • Only deli in 52 unit, 77,400 sq. ft. office complex—for built-in clientele
  • Street signage provided
  • Ideal Golden Triangle location—56,000 employees within 3 miles and 220,000 employees within 5 miles
  • Plumbing and electrical infrastructure in place
  • Plenty of customer parking
  • Turnkey plan available

Borelli’s Latest Investment Fund Sells Out in One Week

BIC-015 fund in conjunction with Aster Avenue Associates raises $10 million; Sunnyvale townhome project now underway

Opportunities are often fleeting, but this one was particularly short-lived.  Borelli Investment Company raised $10 million in only one week for its latest investment fund—BIC-015—offered in conjunction with Aster Avenue Associates.  Investors snapped up the $100,000 shares, which are projected to pay an annual return of 12 percent over the expected 18- to 24-month holding period.

With the money for the project now raised, KB Home—California’s largest builder of new homes and one of the nation’s top five—has begun construction of a community of 80 townhomes in a close-in location near Lawrence Expressway and Monroe in the heart of Sunnyvale. The townhomes will put residents close to high-tech jobs and near major transportation arteries, in addition to CalTrain. KB Home plans to price the townhomes toward the affordable end of the spectrum for Silicon Valley.

“Affordable housing remains critical for Silicon Valley’s vitality,” said Ralph N. Borelli.  “KB Home recognized that, and so did the investors who bought into the fund. We continue to look for other projects that make economic sense as the target vehicles for future investment funds.”

Interested parties who would like more information about the recently closed fund, or who would like to inquire about future investment opportunities, can reach Ralph Borelli at (408) 453-4700,  or e-mail ralph@borelli.com.

This is not an offer to sell, nor a solicitation of an offer to buy shares in any current or future investment funds offered by Borelli Investment Company. Investment shares in BIC funds are offered only in conjunction with the offering prospectus. Please read carefully before you make any investment decision, and consult with an investment professional for advice and guidance regarding your personal financial situation.

When It Comes to Leasing… The Little Things Borelli Does Mean a Lot

When It Comes to Leasing… The Little Things Borelli Does Mean a Lot

The executive vice president of a small technology company based in San Diego hops a flight to San Jose. An hour and a half later, he’s in his rented car leaving the airport. His mission: find space for a small secondary location in Silicon Valley. Where does he turn?

His specific interests and requirements create a challenge for many brokers:

  • He is looking for less than 1,500 square feet of space. In fact, he would prefer it to be no more than 500 square feet to start.
  • If he can find an office in the 500 square foot range, he would like a flexible lease that will enable him to expand his space quickly and cost-efficiently if the location “takes off”.
  • Because there’s no guarantee that this secondary location will be successful, he needs a short-term lease so he doesn’t get stuck with having to sublease the space.
  • He wants to be able to sign the papers and get the office set up within a week, when the regional manager will be joining the company.

“Honestly, there aren’t many brokers who would work this small space requirement on such short notice,” said Buddy Parsons, senior vice president-asset management for Borelli Investment Company. “We are geared to handle any type of space requirement, regardless of the size—big or small.”

Borelli Investment Company provides real estate services that go far beyond the ordinary, and its leasing services are tailored to companies with smaller space requirements and for which little things—such as added flexibility and responsiveness—mean a lot.

Smaller Spaces, Shorter Leases

One of Borelli’s specialties is serving emerging growth companies and start-ups. Because of this first-hand experience over the years, Borelli Investment Company’s team of talented agents and brokers has gained a true understanding of what smaller companies need to succeed.

To start, Borelli has one of the largest inventories of smaller office and industrial spaces in Silicon Valley, according to Parsons.

  • A high percentage of Borelli’s inventory ranges from 1,200 square feet to 6,000 square feet. Often, Borelli has an array of options within the same park, so if a client outgrows a smaller space within a year or two, he or she can move to a larger space within the park and won’t have to undergo a major relocation.
  • Borelli has a surprising number of spaces under 1,000 square feet, with some as small as 300 square feet for one- or two-person businesses. This makes Borelli the ideal choice for out-of-the-area companies looking to start a secondary office in Silicon Valley, or for start-up businesses that need a modest space to lease.

In addition to smaller spaces, Borelli is also willing to work with clients on short-term leases.

“While we obviously prefer multiple-year leases, we recognize fast-growing companies have more difficulty committing for extended periods of time,” Parsons remarked. “As a result, we’ll agree to leases as short as one year. We’ll also work with a client who outgrows a multiple-year lease within the first year, and have been known to terminate a lease obligation if the client agrees to move to a larger space within the same business park.”

Creative Leasing Alternatives

Sometimes, one of the biggest challenges to completing a lease is the business’ or individual’s credit history. Many new or emerging companies—such as those that have just signed incorporation papers or home businesses that suddenly need office space due to the addition of employees—lack any credit history.

Borelli has a number of creative solutions for meeting a building owner’s credit requirements, including additional security deposits, prepaid rent, or a personal guaranty. Borelli is always willing to work creatively with a client to help that client get into a lease.

Local Knowledge and Improved Responsiveness

In today’s fast-paced business world, it is not uncommon to have a client fly into town or call Borelli with a need for business space with a few days. Very few brokers or building owners can get a company into the right space and handle all the paperwork within 48 hours. Borelli has done that many times for its clients.

“We have an outstanding group of agents and brokers ready to respond,” explained Parsons. “Lock boxes are on-site at nearly every property we represent, so in the rare case we can’t tour a client through a vacant space, that client can gain quick access himself or herself.”

One of the keys to Borelli’s responsiveness is superior knowledge of its managed properties, according to Parsons.

“For example, we may have a client who has a special leasing requirement, such as power, HVAC, or specific building improvements,” he said. “Because we have managed and leased many of our properties for years, our people can match a given leasing requirement to a particular property. Our owners also empower us as decision-makers, so we can answer questions such as ‘Can I add an extra door here or install a power outlet on that wall?’ without lengthy delays.”

In addition, Borelli is highly responsive when it comes to maintenance or other requests once a business has occupied its space. Landport, a web-based client support system, enables tenants to submit service requests online, quickly and easily. Borelli property managers and field personnel are notified immediately via cell phone, pager, or PDA. Landport even lets tenants track the status of a request online until it is completed.

Of course, Borelli offers the essential qualities every client is looking for in all of its properties:

  • Competitive pricing
  • Immediate occupancy
  • Flexible terms
  • Large and varied inventory

But when it comes to specific experience, market knowledge, and willingness to go beyond the ordinary to accommodate clients with special needs, it’s the little things Borelli does that make a BIG difference—whether a client’s space requirements are large or small.

For more information about Borelli Investment Company’s leasing services or its current inventory of space, contact Buddy Parsons at (408) 453-4700, or e-mail buddy@borelli.com.

15-Year Perspective: Resale Value of Borelli’s Commercial Condos Rises Up to 18% Annually

15-Year Perspective: Resale Value of Borelli’s Commercial Condos Rises Up to 18% Annually

Commercial condominiums are one of the hottest trends in real estate today. In a commercial condominium transaction, rather than leasing space, a business buys one or more units. That business then enjoys all the benefits of property ownership, such as:

  • Tax deductions, including IRC Section 179 write-offs of up to $112,000 and accelerated depreciation through the cost segregation accounting method
  • Loan interest deductions
  • The ability to lock-in occupancy costs
  • Equity buildup plus potential long-term appreciation

The smaller size of commercial condominium transactions—for example, purchasing a single unit of perhaps 1,000 to 3,000 square feet rather than an entire building—is what has driven the hot sales trend. This puts commercial condos within the reach of almost any business or professional firm.

In addition to creating a “forced savings” plan for the owner of a small business, one of the big attractions of commercial condos is undoubtedly the prospect of owning an asset that will appreciate over time, and can be used for retirement or to pass on to family members. As a leader in the commercial condominium business—both as a developer and as a reseller—Borelli Investment Company has gained a unique 15-year perspective on how commercial condominium values have increased over the years. And in short, the answer is—very well.

Better Than Expected Return on Investment

Many commercial condo buyers are initially attracted by the equity buildup and tax benefits. Instead of “throwing away” thousands of dollars on rent, payments increase the equity in a condo property, and enable the business to write off the payments against taxes. When creating a “lease vs. buy” analysis for the prospective buyer, Borelli Investment Company has been very conservative when it comes to appreciation.

Run your own numbers using our on-line lease vs. buy calculator. Use Borelli Investment Company’s exclusive Lease vs. Buy Calculator to do a personal analysis of how much money you can save when buying an office condominium compared to leasing space. Plug in actual numbers. Get the answer in seconds.

“We have typically used a figure of two percent appreciation annually,” said Ralph Borelli. “This was based on a general historical model for Silicon Valley commercial real estate. Recently, we decided to conduct a more specific study of our own.”

Over the years, Borelli Investment Company has developed a number of commercial condominium properties—both conversions of existing properties and construction of new buildings. More than 150 units have been sold at the three complex listed below, and at Borelli’s newest project—Junction Office Center (first sale, December 2005). Many units have changed hands at least once since the original sale. Based on an in-depth analysis of current resales at our previously developed commercial condos, Borelli calculated the following rates of appreciation (see table for detail):

  • De La Cruz Commercial Condominiums—first sale, January 1992: 9% annually
  • Ringwood Business Center—first sale, June 2004: 18% annually
  • AirTech Office Condominiums—first sale, December 2004: 15% annually
Developer Sale Date
Sq. Ft.
Purchase Price
Price per Sq. Ft.
Resale Date
Reslae Purchase Price
Price per Sq. Ft.
% Apprec.
% Apprec. per Year
Ringwood Business Center
7/29/2004
790
$200,000
$253
Market Rate Sale Price on 04/04/2005
$310,470
$393
55%
18%
De La Cuz Condos
1/15/1992
1,200
$102,000
$85
Market Rate Sale Price on 08/11/2005
$213,600
$178
109%
7%
Airtech Office Condos
12/28/2004
1,582
$410,000
$259
Market Rate Sale Price on 10/26/2006
$529,970
$335
29%
15%

“Those are remarkable figures,” Borelli noted. “With a wealth of history on De La Cruz, an owner who bought in 1992 would have enjoyed nine percent annual appreciation, 4 1/2 times what we have been using in our analysis for buyers. And the recent hot market for commercial condos seems to have resulted in even higher value increases at our newer complexes.”

Of course, past returns do not guarantee future results, and Borelli Investment Company encourages all prospective buyers to talk with their advisors. Borelli currently has new office condominium units available at just two complexes: AirTech Office Condominiums (only two units remaining) and Junction Office Center (nearly 70 sold or occupied).

It All Adds Up

To further assist potential buyers, Borelli Investment Company has created a powerful, online Lease vs. Buy Calculator. This exclusive tool enables buyers to enter a variety of actual estimated figures for their current leased space, projected price per square foot, potential down payment, loan sizes and rates, tax rates, and more for a specific unit or units. Then, the Calculator draws upon its detailed data to provide “real” calculations in minutes—based upon the various scenarios—so buyers will know precisely where they stand.

“On virtually every projection, buying comes out ahead of leasing on an after-tax basis,” stated Borelli. “With these figures at their fingertips, buyers can make better decisions.”

For more information about Borelli’s Junction Office Condominiums, contact Larry Bengiveno larry@borelli.com or Monte Pasquinelli about Airtech Office Condos monte@borelli.com. Or call (408) 453-4700.

HSCRS Ride Of Your Life Gets Fans into the Race at San Jose Grand Prix

Race fans can enjoy the ride of a lifetime in a historical NASCAR car, and help in the drive to detect cancer at its earliest, most curable stages.

San Jose, Calif., February 28, 2007 — If you’ve ever dreamed of seeing the checkered flag wave as you flash across the finish line in an auto race, here’s your chance. The Historic Stock Car Racing Series (HSCRS)-an organization dedicated to the restoration, preservation, and continued competition of former NASCAR stock cars-is offering a limited number of rides to donors in the HSCRS Ride Of Your Life.

The 10-lap race will be held on Saturday morning, July 28th as part of the San José Grand Prix weekend on the same 1.44 mile circuit the Champ Cars run on in downtownSan Jose. Historic NASCAR stock cars that were originally driven by leading drivers such as Jeff Gordon and Richard Petty will reach top speeds of 140 mph or more on the same course the San José Grand Prix uses. And the riders in the HSCRS Ride Of Your Life will be right there in the passenger seat, taking it all in from a participant’s point-of-view.

To ride in one of these powerful and storied NASCAR stock cars, interested individuals must offer to contribute a minimum of $3,500 through HSCRS to San José Grand Prix charity Canary Foundation, which provides needed funding to researchers on the frontlines of cancer detection and prevention. The highest contributors will be chosen by June 1st for the limited number of HSCRS Ride Of Your Life seats available.

“This is a true win-win proposition,” said John Davis, HSCRS President. “Donors get a once-in-a-lifetime opportunity to experience the thrill of a stock car race first-hand. At the same time, their contribution can help Canary Foundation make significant progress on ways to detect cancer at its earliest, most curable stages.”

Among the cars that will be accepting riders are:

  • #24 DuPont 1993 Jeff Gordon Chevrolet
  • #43 STP 1992 Richard PettyPontiacGrand Prix
  • #22 Maxwell House 1991 Ford Thunderbird, the 1992 Daytona 500 pole sitter

“We are passionate about restoring, preserving, and racing these cars in authentic and historic ways,” explained Ralph Borelli. “But we are equally passionate about helping Canary Foundation in its mission to take on cancer at its root-when it can be dealt with most effectively. The HSCRS Ride Of Your Life is one way car owners and the riders with the winning contributions can give to this important cause.”

Last year, the San José Grand Prix and related events such as the HSCRS Ride Of Your Life raised a total of more than $1 million for Canary Foundation. Among other projects, this has helped fund researchers working toward a standardized family of biomarker signatures for more effective and accurate detection of all forms of cancer.

“I think many of our extended families have been touched by cancer at some point,” saidDavis. “The HSCRS Ride Of Your Life says it all-contributors can enjoy a once-in-a-lifetime ride, and at the same time, contribute to what hopefully will become significant progress in the detection and prevention of cancer within their lifetimes.”

About HSCRS
The Historic Stock Car Racing Series is committed to the restoration and preservation of authentic and historical NASCAR stock cars, while providing for continued competition in a safe and entertaining environment. New members who share the group’s mission and goals are encouraged to join. More information about HSCRS may be obtained by calling (408) 280-0285, or visiting www.hscrs.com.

About the San José Grand Prix
Now in its third year, the San José Grand Prix has become an institution in the Bay Area. It will be the tenth stop on the 2007 Champ Car World Series schedule. The series features some of the greatest race car drivers in the world, competing in the most exciting series in the world. The three-day festival—which includes concerts, interactive displays, a family fun area, and many events for the race’s charity, Canary Foundation—is expected to generate a significant economic benefit for Northern California’s largest city. For more information about the race and its related activities, visit www.sanjosegrandprix.com.

About Borelli Racing and Borelli Investment Company
Ralph Borelli is the founder of Borelli Racing, and has been a part of Borelli Investment Company—founded by his father, Nelo—for more than 33 years. Borelli Investment Company is one of the oldest commercial real estate firms in the Santa Clara Valley, providing a full range of commercial real estate services—from development and construction management to land sales and consulting for sales and leasing. More information about Borelli Investment Company’s services may be obtained by calling (408) 453-4700, or visiting www.borelli.com.

Contact
John Davis, President
Historic Stock Car Racing Series (HSCRS)
381A Stockton Avenue
San Jose, CA 95126
Ph: 408.280.0285
Fax: 408.280.0868
E-mail: john@tmfcinc.com
http://www.hscrs.com

HSCRS Ride Of Your Life Gets Fans into the Race at San Jose Grand Prix

HSCRS Ride Of Your Life Gets Fans into the Race at San Jose Grand Prix Race fans can enjoy the ride of a lifetime in a historical NASCAR car, and help in the drive to detect cancer at its earliest, most curable stages.

San Jose, Calif., February 28, 2007 — If you’ve ever dreamed of seeing the checkered flag wave as you flash across the finish line in an auto race, here’s your chance.  The Historic Stock Car Racing Series (HSCRS)-an organization dedicated to the restoration, preservation, and continued competition of former NASCAR stock cars-is offering a limited number of rides to donors in the HSCRS Ride Of Your Life.

The 10-lap race will be held on Saturday morning, July 28th as part of the San José Grand Prix weekend on the same 1.44 mile circuit the Champ Cars run on in downtown San Jose.  Historic NASCAR stock cars that were originally driven by leading drivers such as Jeff Gordon and Richard Petty will reach top speeds of 140 mph or more on the same course the San José Grand Prix uses.  And the riders in the HSCRS Ride Of Your Life will be right there in the passenger seat, taking it all in from a participant’s point-of-view.

To ride in one of these powerful and storied NASCAR stock cars, interested individuals must offer to contribute a minimum of $3,500 through HSCRS to San José Grand Prix charity Canary Foundation, which provides needed funding to researchers on the frontlines of cancer detection and prevention.  The highest contributors will be chosen by June 1st for the limited number of HSCRS Ride Of Your Life seats available.

“This is a true win-win proposition,” said John Davis, HSCRS President.  “Donors get a once-in-a-lifetime opportunity to experience the thrill of a stock car race first-hand.  At the same time, their contribution can help Canary Foundation make significant progress on ways to detect cancer at its earliest, most curable stages.”

Among the cars that will be accepting riders are:

  • #24 DuPont 1993 Jeff Gordon Chevrolet
  • #43 STP 1992 Richard Petty Pontiac Grand Prix
  • #22 Maxwell House 1991 Ford Thunderbird, the 1992 Daytona 500 pole sitter

“We are passionate about restoring, preserving, and racing these cars in authentic and historic ways,” explained Ralph Borelli.  “But we are equally passionate about helping Canary Foundation in its mission to take on cancer at its root-when it can be dealt with most effectively.  The HSCRS Ride Of Your Life is one way car owners and the riders with the winning contributions can give to this important cause.”

Last year, the San José Grand Prix and related events such as the HSCRS Ride Of Your Life raised a total of more than $1 million for Canary Foundation.  Among other projects, this has helped fund researchers working toward a standardized family of biomarker signatures for more effective and accurate detection of all forms of cancer.

“I think many of our extended families have been touched by cancer at some point,” said Davis.  “The HSCRS Ride Of Your Life says it all-contributors can enjoy a once-in-a-lifetime ride, and at the same time, contribute to what hopefully will become significant progress in the detection and prevention of cancer within their lifetimes.”

About HSCRS The Historic Stock Car Racing Series is committed to the restoration and preservation of authentic and historical NASCAR stock cars, while providing for continued competition in a safe and entertaining environment. New members who share the group’s mission and goals are encouraged to join. More information about HSCRS may be obtained by calling (408) 280-0285, or visiting www.hscrs.com.

About the San José Grand Prix Now in its third year, the San José Grand Prix has become an institution in the Bay Area. It will be the tenth stop on the 2007 Champ Car World Series schedule. The series features some of the greatest race car drivers in the world, competing in the most exciting series in the world. The three-day festival—which includes concerts, interactive displays, a family fun area, and many events for the race’s charity, Canary Foundation—is expected to generate a significant economic benefit for Northern California’s largest city. For more information about the race and its related activities, visit www.sanjosegrandprix.com.

About Borelli Racing and Borelli Investment Company Ralph Borelli is the founder of Borelli Racing, and has been a part of Borelli Investment Company—founded by his father, Nelo—for more than 33 years. Borelli Investment Company is one of the oldest commercial real estate firms in the Santa Clara Valley, providing a full range of commercial real estate services—from development and construction management to land sales and consulting for sales and leasing. More information about Borelli Investment Company’s services may be obtained by calling (408) 453-4700, or visiting www.borelli.com.

Contact           John Davis, President             Historic Stock Car Racing Series (HSCRS)             381A Stockton Avenue             San Jose, CA 95126             Ph: 408.280.0285             Fax: 408.280.0868  E-mail: john@tmfcinc.com http://www.hscrs.com