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Finance
Posted: March 7, 2013
Coastway Community Bank celebrates opening of new 3,800 s/f branch
Vision 3 Architects of Providence recently joined Coastway Community Bank in celebrating the opening of the inaugural location of their new 3,800 s/f prototype retail branch on Comstock Parkway. The branch is intended to be the first of multiple locations for the design, which uses quality, traditional materials of brick, stone, and glass to create a new contemporary brand identity for Coastway Community Bank. The atrium-like lobby utilizes an open plan and liberal use of glass to provide an open and inviting environment for the bank's growing number of customers. E. Turgeon Construction Corp. was the construction manager.
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Finance
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Manchester, NH Most multifamily renovations start with a standard stack: a few floor plans that are copy/pasted up multiple floors. Rendezvous on Elm began somewhere else entirely. 27 residences, 27 different floor plans, and a $10 million project built around the idea that a boutique building should feel boutique, from each angle and for every resident.
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Quick Hits
Columns and Thought Leadership
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
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.
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
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.
