Goedecke & Co., LLC was founded by Peter Goedecke in late 1998 in Boston, Massachusetts, after the sale of the Fowler, Goedecke, Ellis, & O'Connor companies to AMRESCO. Since 2002 the company has also maintained an office in Westport, Connecticut
Goedecke & Co. delivers, to both real estate developers and investors alike, professional, specialized access to national and global debt and equity capital markets. The company provides owners and developers with individualized counsel and service, and capital sources with honest, in-depth knowledge of northeastern commercial real estate markets.
Goedecke & Co. is privately owned by principals who are active in the business and who possess a blend of youth and experience unique in northeast real estate finance. Since 1999 financing transactions have exceeded $4.0 billion, and the loan servicing portfolio is in excess of $900 million.
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.
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
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.
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.