News: Finance

Alignment Financial Group leases 1,519 s/f; McKinnon of The Grossman Cos. is exclusive broker

Alignment Financial Group LLC has leased 1, 519 s/f at The Pride Building at the corner of Main South and Main Sts. in historic Hingham Sq. With this lease, the property is 100% leased. Representing the tenant and the landlord, Hingham Square LLC, was exclusive broker Richard McKinnon, director of brokerage services for The Grossman Cos., Inc., of Quincy. Representing the tenant was Jay Driscoll of Cushman & Wakefield. Dan Pimental is Alignment Financial Group LLC's president. The Pride Building is home to several retail and office tenants including Brewed Awakenings, Coldwell Banker Residential Brokerage, Cambridge Mortgage Group, Nona's Ice Cream, Worldwide Travel and Roth & Seelen Architects. The Grossman Companies, Inc., offers a full range of brokerage services with a focus on sales and leasing of commercial property throughout New England.
Tags: Finance
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Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer

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
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

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
Are appraisers on the same page as the assessor? - by Richard Seman

Are appraisers on the same page as the assessor? - by Richard Seman

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.
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski

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.