Knierim joins Randolph Savings Bank as senior vice president and CFO
According to Randolph Savings Bank president and CEO Thomas Drummey, John Knierim has joined the bank as senior vice president, chief financial officer. In his new position, Knierim will oversee all financial operations of the bank.
Knierim comes to Randolph Savings from Putnam Bank, a $495 million bank with seven locations, where he was senior vice president, senior operations officer as well as compliance and chief information officer. He has over 20 years of banking experience including eleven years at The Milford National Bank and Trust Co. where he was also senior vice president and CFO.
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