 (1).gif)
News:
Finance
Posted: September 12, 2007
Essex Savings Bank's Rafal named number one financial advisor
Essex Ct John Rafal, president of Essex Financial Services was ranked first in the August 27 Barron's Top 100 Independent Financial Advisers. For the past four years, Rafal has been included in Barron's Top 100 Financial Advisers, a listing that included mostly advisers from large international and national firms. This is the first year that Barron's rated independent financial advisers.
Rafal, who resides in Old Lyme, Conn., started his own business in 1982 and joined with Essex Savings Bank in 1998. Essex Financial Services now manages over $2 billion in client assets. They provide a full range of financial services to individuals, professionals such as doctors and attorneys and business owners. Services include financial planning, investment services, alternative investment strategies, insurance products and retirement options including the management of corporate 401 (k) plans.
Tags:
Finance
MORE FROM Finance
Kozlowski of Newmark Capital Markets secures $115.6 million financing for two properties in CT
East Lyme, CT Newmark has arranged $115.6 million in financing on behalf of the sponsor to refinance The Cove at Gateway Commons and Sound at Gateway Commons. Newmark Capital Markets Strategies managing director Avi Kozlowski secured the financing through Freddie Mac.
 (1).gif)
Columns and Thought Leadership
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
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
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.
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.
