 (1).gif)
News:
Finance
Posted: March 7, 2013
Citizens Bank and RBS Citizens names Panacopoulos vice president and community development market manager
Citizens Bank and RBS Citizens have appointed Carmen Panacopoulos as vice president and community development market manager for Massachusetts.
Panacopoulos will focus on leveraging the bank's existing relationships with community organizations and leaders, and fostering new relationships to effectively serve the banking needs of the low and moderate-income communities of the state along with small businesses and economic development initiatives.
Panacopoulos has more than 15 years of affordable housing and economic development experience and worked as a vice president in the commercial real estate division of RBS Citizens since 2005, where she was responsible for working with both for-profit and not-for-profit developers to help encourage the financing of affordable housing in Mass.
As an active member of the community, Panacopoulos serves on the board of the Massachusetts Growth Capital Corporation, Massachusetts Housing Investment Corporation (MHIC) and the Northern New England Housing Investment Fund.
Tags:
Finance
MORE FROM Finance
Kozlowski of Newmark Capital Markets secures $115.6 million financing for two properties in CT
East Lyme, CT Newmark has arranged $115.6 million in financing on behalf of the sponsor to refinance The Cove at Gateway Commons and Sound at Gateway Commons. Newmark Capital Markets Strategies managing director Avi Kozlowski secured the financing through Freddie Mac.
 (1).gif)
Quick Hits
Columns and Thought Leadership
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
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
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.
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.
