Barnes joins Whelan Assoc. as vice president of the capital markets group
According to Whelan Associates, LLC, Richard Barnes has joined the company as vice president of the capital markets group. As head of this new division of the company, he will take the lead in providing clients with customized investment property sales solutions, as well as acquisition and recapitalization services. These premier services are offered to individual and institutional owners and investors engaged in buying, selling, developing and financing real estate.
Barnes brings to the company over 30 years of experience in development, leasing and investment property sales. More recently, he closed over $52 million in transactions in the past three years. As a specialist in the office, retail and industrial property markets, he proactively identifies and matches the needs of buyers and sellers, and engineers solutions that insure smooth transactions.
How many of you remember real estate development in the late 1980s? Project sourcing was difficult, until it wasn’t. Into the 90’s, a few years after, banks and other financial institutions were very happy to fund projects.
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.
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