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
Boston, MA RE&FA’s spring and summer programming continued to highlight the trends and issues shaping the commercial real estate industry. In May, RE&FA hosted Data Centers in the Current CRE Landscape at The Retreat at 225 Franklin St. The program drew strong engagement and fostered thoughtful discussion around one of commercial real estate’s fastest-growing and most impactful sectors.
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.