Cassidy Turley has leased 2,799 s/f to Conquest Capital Partners, LLC at One Adams Place for a lease term of five years. Senior managing director, principal Sean Teague and associate Kate McGovern of Cassidy Turley represented the landlord, CommonWealth REIT while Rob Byrne of Transwestern RBJ represented Conquest Capital. One Adams Place is managed by Reit Management & Research LLC, Real Estate Services.
Conquest Capital is a growing financier in the real estate industry. Since opening its doors in late 2010 Conquest has funded over $50 million in real estate loans in Boston. The loan types range from small to medium condominium projects, new home construction and sub - divisions to other types of bridge, mezzanine and short term asset based loans. The company focuses on its borrowers by being more than just a lender, and acting in the capacity of advisor.
Conquest goes shoulder to shoulder with its borrowers in all types of real estate projects. Loan sizes range from $150,000 to $5 million and the partners look to fill the gap between traditional banks and venture type financing.
The firm's rapid growth has landed it in its third office in less than 4 years. But the expansion is not just here in Massachusetts. The firm is close to inking another deal in Southern California to expand its operations in that market as well.
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.
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.
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
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.
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