News: Finance

Equity Office Properties promotes Haraldstad to director regional finance

Equity Office Properties has promoted Brenda Haraldstad to director regional finance. Haraldstad has been in the real estate industry for 17 years and with Equity Office for the past 9 years in national and regional finance as well as operational roles. As director regional finance, Haraldstad will oversee the management of the financial operations for the Boston Market and continue to support senior management. Equity's portfolio includes nearly 12 million s/f. "As a prominent member of our team, we look forward to Brenda working to maintain our leadership role in the Boston market," said Tom Bakke, market managing director at Equity. "Brenda's experience in financial management and strategic planning make her the perfect fit for the position." "I am thrilled to accept my new role as Equity Office's director of finance and look forward to continue working with exceptional property management and leasing teams," said Haraldstad. Previously, Haraldstad was manager of financial analysis for Equity Office where she provided analytical, asset management, and investment analysis support to regional senior management. Prior to that she was manager of market accounting at Equity Office, where she was charged with transitioning portfolio expansion during company consolidation and expanded her role to forecasting and budgeting of revenue and capital expenditures and provided trend analysis.
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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
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.
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