Name: Donald Gustafson
Title: President of the Fairfield Westchester Chapter of REFA
Company: Shipman & Goodwin, LLP
Location: 300 Atlantic St., Stamford, Conn.
Place of birth and year: Norwalk, Conn. - May 27, 1953
Family: Wife, Kathy; children, John and Ann
College: Catholic University - BA, International Relations; John Marshall Law School: JD
First job in legal or allied field: Associate at Schatz & Schatz, Rubicoff & Kotkia
What do you do now and what are you planning for the future: Continue membership growth; maintain programs, information seminars & talks related to the real estate world
Hobbies: Time with family, golf, jog
Favorite book: "Unbroken" by Laura Hillenbrand
Favorite movie: "The Godfather"
Person you most emulate (outside of family): Abe Lincoln
Key to success (one idea): Hard work, diligence
If you were forced to choose another vocation what would it be?: Coach basketball
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.
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.