TD Banknorth promotes three to senior vice president of commercial R.E.
TD BankNorth has promoted three employees.
Christopher Lippert has been promoted to senior vice president in commercial real estate in Haverhill and Beverly. He will manage a team of five commercial lenders and support staff who provide lending services to customers primarily in the North Shore area of Boston and southern New Hampshire. Lippert joined TD Banknorth in 2002 and has 25 years of banking and commercial real estate and lending experience.
Kerin Deedy Green has been promoted to senior vice president in commercial real estate in Lowell. She will continue to serve as a commercial real estate lender as well as a team leader responsible for managing a team of lenders in Lowell and Andover.
John O'Heir has been promoted to senior vice president in commercial real estate in Springfield. He will continue to serve as a commercial real estate lender as well as a team leader responsible for managing a team of lenders serving customers throughout the region.
East Lyme, CT Newmark has arranged $115.6 million in financing on behalf of the sponsor to refinance The Cove at Gateway Commons and Sound at Gateway Commons. Newmark Capital Markets Strategies managing director Avi Kozlowski secured the financing through Freddie Mac.
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property