Name: Frank O'Neill
Title: Commercial Broker
Company: The Grossman Companies
Location: 1266 Furnace Brook Pkwy., Quincy, MA 02169
Birthplace: Milton, Mass.
Family: Wife, Juanita; two children: Michael and Erin
College: Boston College, BS in Business
First job outside of real estate: Director of the Mass. State Finance Board
First job in real estate or allied field: Commercial broker for Leggat McCall & Werner
What do you do now and what are you planning for the future? As a commercial broker I handle a portion of the company's portfolios and am also involved in third party brokerage.
Hobbies: Golf, vacationing in Newport, R.I.
Favorite book: Currently reading "The Brothers Bulger" by Howie Carr
Favorite movie: "Casablanca" - I'm a Bogart fan
Person you admire most (outside of family): Bill McCall
Key to success: Grinding hard work
If you had to choose another vocation what would it be? Governor
Boston, MA RE&FA’s spring and summer programming continued to highlight the trends and issues shaping the commercial real estate industry. In May, RE&FA hosted Data Centers in the Current CRE Landscape at The Retreat at 225 Franklin St. The program drew strong engagement and fostered thoughtful discussion around one of commercial real estate’s fastest-growing and most impactful sectors.
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.
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
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.