Anglo Irish Bank has appointed Katherine Rowley, CCIM, to vice president, Inward Investment. In this position, Rowley will source commercial property acquisitions in the United States on behalf of the Bank's private banking clients in Ireland and the United Kingdom. She will be based in the Boston representative office and will report to Niall Gunne who heads inward investment for the bank in North America.
"We are very excited to have Katherine join our growing team," said Tony Campbell, president and chief executive officer of Anglo Irish Bank Group - North America. "Katherine is an accomplished real estate finance professional with extensive experience in underwriting and private equity acquisitions. She will be a valuable addition to the team to better serve our clients and grow this line of business."
Prior to joining Anglo Irish Bank, Rowley spent the last 10 years at GE Capital within GE Real Estate and GE Commercial Finance serving in various leadership roles including loan origination and asset valuation, strategic market intelligence and analysis, and mergers and acquisitions. She holds an MBA from Harvard Business School and a BBA in Finance from the Isenberg School of Management at the University of Massachusetts, Amherst. Rowley received her Certified Commercial Investment Member Institute designation in 2006 and is actively involved in numerous associations including the Urban Land Institute, CCIM Institute, Mortgage Bankers Association and REFA.Â
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
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.