News: Finance

Channel joins Brookline Bank's commercial real estate banking group at the State St. office in Boston

Erin Channel is the latest addition to Brookline Bank's growing commercial real estate banking group. Channel comes to Brookline Bank with a diverse background in real estate and financial analysis, and will be working with Brookline's full range of commercial real estate clients. She will be located at the bank's State St. offices. "Erin brings a great mix of experience in industrial, multi-family, office and retail space," said Darryl Fess, group head of commercial real estate banking. "Bringing on people with skills such as Erin's continually builds on our ability to provide our clients and prospects with experienced professionals who provide a high level of service and expertise with real estate finance" Channel was previously with Allstate Investments, GE Commercial Finance and SunTrust Banks. She holds a BS degree in International Business and Economics from Florida State University. Brookline Bank is a subsidiary of Brookline Bancorp, Inc. A full-service financial institution, Brookline Bank provides individuals and businesses with deposit and lending services, residential mortgages and home equity lending, commercial and CRE banking, cash management, merchant services, and access to investment services. Brookline Bank operates 21 branches in Greater Boston.
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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.
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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
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.