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News:
Finance
Posted: April 8, 2009
Edward Zaval 2009
Name: Edward Zaval
Title: Vice President and Corporate Counsel
Company: Investment Property Exchange Services, Inc.
Location: 125 Summer St., Ste. 2100, Boston, MA 02110 (265 Franklin St. as of 5/1/09)
Birthplace: Boston, Mass.
Family: Wife, Janet; 2 daughters: Lisa and Shana
College: Brandeis University, BA, Economics; Boston College; Law School, JD; Boston University, MBA
First job outside of 1031: Summer mail carrier, U.S. Postal Service
First job in 1031: Corporate counsel for Apex 1031 Services
What do you do now and what are you planning for the future? Supervise and facilitate like-kind exchange transactions throughout New England. Frequent speaker.
Hobbies: Hiking, biking, jogging
Favorite book: "Dune" by Frank Herbert
Favorite movie: "Lawrence of Arabia"
Key to success: Perseverance
If you had to choose another vocation what would it be? Forest ranger
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Finance
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Quick Hits
Columns and Thought Leadership
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.
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
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.
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
