News: Finance

Cooper-Horowitz arranges financing for 5 properties totaling $29.625m

Cooper-Horowitz, Inc. recently arranged financing on the following properties: * 85 Dan Rd., Canton, Mass.: office/research facility. The loan was for $3.825 million. * 275 Dan Rd., Canton: office/research facility: The loan was for $3.9 million. *Western Row Plaza: 6643 Western Row, Mason Ohio: A 31,000 s/f retail center. The loan was for $3.1 million. * 1756 Highway 17, Surfside Beach, S.C.: 174,000 s/f retail center. The loan was for $9.8 million. * Hampton Inn & Suites, 4800 Market St. Fredericksburg, VA: 121 room hotel. The loan was for $9 million. The firm was represented by Mark Waldman & Malcolm Jacobs on the above transactions
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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.
 Real estate without good estate planning - a troublesome problem - by Daniel Calano

Real estate without good estate planning - a troublesome problem - by Daniel Calano

I spent the better part of a day this week working with attorneys on estate planning. I am clearly not an attorney, but I have learned much over the years while consulting on real estate, its potential, its future during the life of clients, as well as, shall we say, later.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

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
It’s a confusing real estate world: Don’t you think? - by Daniel Calano

It’s a confusing real estate world: Don’t you think? - by Daniel Calano

The news is full of “never before” pronouncements. Never before has there been a pandemic so impactful on real estate. Never before has technology allowed for remote business meetings on such a frequent basis. Never before would people so comfortably work from home as to vacate office buildings, at least on Fridays and Mondays.