News: Finance

BPG Props. names Rota asset manager of the Boston regional office

BPG Properties, Ltd., one of the nation's leading private equity real estate fund managers, has appointed Michael Rota as asset manager in the firm's Boston regional office.   "Rota is a seasoned professional with over 20 years of experience in managing and operating commercial real estate," said George Haines, vice president of BPG who is in charge of the firm's regional office. "We are pleased to have him on board and look forward to leveraging his experience throughout the portfolio." Rota will be responsible for managing the redevelopment and leasing of BPG's city area portfolio and will work closely with BPG Management Company, L.P., BPG's property management arm, in the city along with the firm's acquisition team. Prior to joining BPG, Rota was a general manager for Lincoln Property Co., where he was responsible for coordinating all management services and assisting the leasing team with 1.8 million s/f of property.
Tags: Finance
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Columns and Thought Leadership
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.
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
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
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.