Name: Barrie Gaman
Title: President, Mass. Chapter of AI
Company: Bank America
Location: 1075 Main St., Waltham, MA 02451
Birthplace and year: Malden, MA, 1951
Family: Wife, Patricia; 2 sons
College: U. Mass. Amherst BS, Environmental Design; Boston Univ., MBA
First job outside of Finance: Community Dev., Chelsea
First job in Finance or allied field: Minco Development, staff appraiser
What do you do now and what are you planning for the future? Increasing designated membership, maintain our educational program for appraisers.
Hobbies: Gardening
Favorite book: "Zen and the Art of Motorcycle Maintenance"
Favorite movie: Groundhog Day"
Key to success: Stay ahead of the curve.
If you had to choose another vocation what would it be? Rental agent for vacation homes in Italy (via italyperfect.com)
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.
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
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.