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.
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.
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.
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
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