Name: Casimir Groblewski
Title: Managing Director
Company: Fantini & Gorga
Birthplace and year: Houston, Tex., 1950
Family: Wife, Terry; children: Jan, Peter, Natasha
College: Williams College, BA, French; Babson College, MBA
Fist job outside of finance: William Underwood Co., made deviled ham
First job in finance or allied field: Charlestown Savings Bank, appraiser
What do you do now and what are you planning for the future? Creatively structure debt and equity for my clients. Current markets are challenging in a positive way.
Hobbies: Gardening, biking, hiking, reading
Favorite book: Anything by Ernest Hemingway
Favorite movie: "The Magnificent Seven"
Person you admire most (outside of family): Georges Pistorius (French professor) who challenged me to set higher standards
Keys to success: Perseverance, be a good listener
If you had to choose another vocation what would it be? French teacher
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.
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
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.
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