David Connolly Vice Chair R.E. Law Group Hinckley, Allen & Snyder LLP
Name: David Connolly
Title: Vice Chair, Real Estate Law Group
Company: Hinckley, Allen & Snyder LLP
Location: Boston, Mass., Providence, R.I., Concord, N.H.
Birthplace and Year: Cambridge, Mass. 1963
Family: Wife Christine and three children ages 10, 9 and 5
College: Cornell Law School, J.D., 1988; Harvard University, B.A., 1985
First job outside of real estate: During college and summers I was a painter.
First job in current field: I first worked at Rackemann, Sawyer & Brewster as a summer associate and first year associate.
What do you do now and what are you planning for the future? Hinckley, Allen & Snyder LLP is a full-service law firm of more than 120 lawyers with offices located throughout New England.
Hobbies: Spending time with family, coaching little league, fishing and golf.
Favorite book: Don Quixote
Favorite movie: Stripes
Keys to success: Being responsive to clients, providing thoughtful and cost-effective advice and treating clients as I would want to be treated.
Person you admire most (outside of family): Members of the U.S. Armed Forces
If you had to choose another vocation what would it be? Own and operate a restaurant.
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
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.
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