News: Finance

Edward Hershfield Partner Brown Rudnick Berlack Israels, LLC

Name: Edward Hershfield Title: Partner Company: Brown Rudnick Berlack Israels, LLC Location: One Financial Center, 18th Floor, Boston, Mass. 02111 Birthplace and year: Boston, Mass., 1959 Family: Wife, Kathy; children: Alyssa, Matthew College: Brown University, AB in International Relations and Economics; Columbia Law, JD First job in current field: Junior associate at Brown Rudnick What do you do now and what are you planning for the future? Continue to develop specialized practices nationally, such as military base work, lending, real estate development. Hobbies: Time with family, golf, travel, bike riding, marathons Favorite book: "Moneyball" by Michael Lewis Favorite movie: "Dr. Strangelove" Person you admire most (outside of family): Prudence Goodale and Ed Hands, high school history teachers. Key to success: Understanding what the client needs. If you had to choose another vocation what would it be? High school history teacher.
Tags: Finance
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Columns and Thought Leadership
Are appraisers on the same page as the assessor? - by Richard Seman

Are appraisers on the same page as the assessor? - by Richard Seman

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.
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski

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.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

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
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer

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