 (1).gif)
News:
Finance
Posted: February 8, 2008
GVA Williams brokers $4.8 million sale to AvalonBay Communities
GVA Williams sold eight acres at 917 Bridgeport Ave. to AvalonBay Communities, Inc. Avalon plans on building a 99-unit apartment complex. The property was owned by Cranberry Hill LLC.
According to Dominick Musilli, the sole broker on the transaction, "It was a pleasure working with both AvalonBay and Cranberry Hill throughout the process. I believe all of the parties involved, including the city of Shelton, were ultimately pleased with the outcome."
Tags:
Finance
MORE FROM Finance
JLL arranges $67.256 million refinancing for Eliot on Ocean
Revere, MA JLL Capital Markets has arranged a $67.256 million refinancing for Eliot on Ocean, a 194-unit multifamily property. JLL represented the borrower, Invictus Real Estate Partners, in securing the three-year, floating-rate loan through Bridge Investment Group Holdings Inc.
 (1).gif)
Columns and Thought Leadership
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.
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
August Promotion
