Fulcrum Assoc. breaks ground on $1.25 million Triangle Credit Union
Members of Triangle Credit Union, representatives from Team Design Inc. and Fulcrum Associates gathered for the ground breaking of Triangle's new $1.25 million branch located off I-93 North, exit 6, at 1030 Candia Rd.
Maurice Simard Jr., president/CEO of Triangle Credit Union was joined by George Adamaitis, chairman, Triangle Credit Union board of directors; James Delisle VP/general manager and Nery Bordas, project manager from the architectural firm of Team Design and Jeff Luter, construction manager, Fulcrum.
This will be Triangle's fourth location in Manchester.
The 4,500 s/f branch is expected to open in early summer of this year. A key feature of the branch will be the added access of four drive-up lanes. The new facility is located near East Industrial Park Dr.
Swansea, MA EagleBridge Capital has arranged construction mortgage financing in the amount of $5.9 million for Phase One of Cedarbrook Homes. The mortgage was arranged by EagleBridge senior director Brian Walsh and principal Ted Sidel who stated that the loan was provided by a leading national lender.
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
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
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.