Cambridge Realty reviews 30 loan requests totaling $368.4 million
Cambridge Realty Capital Companies reports reviewing 30 loan origination requests totaling $368.4 million during the month of October.
Both the number of requests and dollar volume total were down sharply from the same month last year, when Cambridge processed 44 origination requests totaling $711 million. However, year-to-date dollar volume for 2007 remains slightly ahead of last year at this time Cambridge chairman Jeffrey Davis said.
Through 10 months in 2007, Cambridge has processed 310 loans totaling $3.89 billion compared with 367 loans totaling $3.82 billion last year.
Boston, MA RE&FA’s spring and summer programming continued to highlight the trends and issues shaping the commercial real estate industry. In May, RE&FA hosted Data Centers in the Current CRE Landscape at The Retreat at 225 Franklin St. The program drew strong engagement and fostered thoughtful discussion around one of commercial real estate’s fastest-growing and most impactful sectors.
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.
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