According to Eastern Insurance Group, LLC, Carla Andrews has joined the agency as a senior vice president, specializing in risk management and insurance solutions for real estate and construction organizations as well as businesses with complex risks.
With more than 22 years of property and casualty risk management and insurance experience, Andrews came to Eastern Insurance from Albert Risk Management Consultants where she spent the majority of her career and most recently held the position of managing consultant.
A graduate of Mount Holyoke College, she is a Licensed Insurance Advisor and holds the Chartered Property Casualty Underwriter designation. She is also a current member of the CPCU Society, the Risk and Insurance Management Society, the International Council of Shopping Centers, and an active participant of the National Association of Industrial & Office Properties.
Boston, MA RE&FA’s spring and summer programming continued to highlight the trends and issues shaping the commercial real estate industry. In May, RE&FA hosted Data Centers in the Current CRE Landscape at The Retreat at 225 Franklin St. The program drew strong engagement and fostered thoughtful discussion around one of commercial real estate’s fastest-growing and most impactful sectors.
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
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
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.
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.