News: Finance

Bridgewater Savings hires Gesualdo as VP and comm'l. loan officer

Joseph Gesualdo has joined Bridgewater Savings' Raynham and Bridgewater branch offices as vice president and commercial loan officer. Gesualdo has over 20 years of experience in the banking industry. Prior to joining Bridgewater Savings, Gesualdo was a vice president and relationship manager at Sovereign Bank in New Bedford, Mass. "Joseph's 20 years of banking experience have equipped him with a deep knowledge of the banking industry and helped him develop impeccable relationship management skills," said James Lively, president and CEO of Bridgewater Savings. "He has shown outstanding leadership capabilities in both the community and workplace, and we are excited to welcome him to our team." Gesualdo received a Bachelor of Arts degree from Bloomfield College in 1975, and holds certificates from the Mortgage Lending School, the Commercial Lending School, and the Massachusetts School for Financial Studies.
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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
 Real estate without good estate planning - a troublesome problem - by Daniel Calano

Real estate without good estate planning - a troublesome problem - by Daniel Calano

I spent the better part of a day this week working with attorneys on estate planning. I am clearly not an attorney, but I have learned much over the years while consulting on real estate, its potential, its future during the life of clients, as well as, shall we say, later.
It’s a confusing real estate world: Don’t you think? - by Daniel Calano

It’s a confusing real estate world: Don’t you think? - by Daniel Calano

The news is full of “never before” pronouncements. Never before has there been a pandemic so impactful on real estate. Never before has technology allowed for remote business meetings on such a frequent basis. Never before would people so comfortably work from home as to vacate office buildings, at least on Fridays and Mondays.
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.