Name: Donald Griffin, MAI, SRA
Title: Principal
Company: Don Griffin Appraisals
Location: 92 Eastern Ave., Arlington, Mass. 02476
Birthplace and year: Waltham, Mass. - 1945
Family: Wife Sarah, Children Matthew and Elizabeth
College: Fitchburg State College - BA Business Administration
First job outside of appraisal: Information Systems - computer programs
First job in appraisal or allied field: Residential appraiser for John Easton
What do you do now and what are you planning for the future? I provide commercial real estate appraisal thoughout New England for offices, industrial properties, apartments, mixed use, hotels, marinas, biomedical facilities and so on.
Hobbies: Golf, sail, vacation in Florida
Favorite movie: "Gone With the Wind"
Person you admire most (outside of family): Bart Bolton, manager at Digital Equipment Corp.
Key to success: Hard work and attention to detail
If you had to choose another vocation what would it be? Lawyer
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.
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
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.