 (1).gif)
News:
Finance
Posted: June 9, 2010
Faithfull and Smith promoted to VPs at Cambrige Savings Bank
Cambridge Savings Bank has promoted the following individuals:
*Douglas Faithfull has been promoted to executive vice president, chief lending officer. Faithfull is responsible for overseeing all of Cambridge Savings Bank's lending activities. With 32 years of banking experience, Faithfull has been with Cambridge Savings Bank for 11 years.
*Daryl Smith has been promoted to senior vice president, commercial real estate lending. Smith manages the commercial real estate lending group. He has 31 years of experience in the banking industry and has been with Cambridge Savings Bank for 10 years.
Cambridge Savings Bank is a full-service financial institution with $2.1 billion in assets. As one of the oldest and largest community banks in Massachusetts, the Bank offers a full line of individual and business banking services and has 16 banking centers located in Cambridge, Acton, Arlington, Bedford, Belmont, Burlington, Concord, Lexington, Newton Centre and Watertown.
Tags:
Finance
MORE FROM Finance
C-Lounge Capital provides $18m equity investment for $48m acquisition of Fountains of Boca Raton by Interface Properties
Boca Raton, FL C-Lounge Capital provides $18m equity investment for $48m acquisition of Fountains of Boca Raton by Interface Properties. C-Lounge Capital is a relationship-driven family office investment platform backed by more than 50 years of commercial real estate experience.
 (1).gif)
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.
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
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
