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Finance
Posted: July 11, 2008
Gavegnano named acting CEO and pres. of East Boston SB and Meridian
At the June 9th meetings of the boards of directors of Meridian Interstate Bancorp, Inc., and its wholly-owned banking subsidiary, East Boston Savings Bank, Richard Gavegnano, chairman of the board and chief executive officer of Meridian and chairman of the board of East Boston Savings Bank was appointed as the CEO and acting president of East Boston Savings Bank and of Meridian Interstate. Gavegnano replaces Robert Verdonck, who recently resigned and retired. Gavegnano has been authorized by the board to lead a search committee to consider candidates for the president position.
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Finance
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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
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.
