East Boston Savings Bank promotes Armstrong and Cotter
East Boston Savings Bank has made the following promotions:
Keith Armstrong has been named a senior vice president. Armstrong heads the consumer and business banking division that includes the branch network and East Boston Investment Services, a division of the bank offering investment services and financial-planning products through Infinex Financial Group. He also has responsibility for the bank's marketing, public relations, advertising and events management efforts as well as the security and facilities departments.
Paula Cotter has also been named a senior vice president. Cotter heads the operations division of the bank which includes responsibility for the bank's service bureau relationship with Metavante and information technology, as well as deposit operations and the call center. She is also the bank secrecy act officer and is responsible for the bank's BSA/AML program.
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.
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.
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