High St. Equity hires Cristofori - senior VP and Piccirillo - asset manager
According to High St. Equity Advisors, LLC, a Boston-based real estate investment firm, James Cristofori has been hired as senior vice president and Andrew Piccirillo as asset manager. Cristofori will focus on financing and portfolio management, while Piccirillo will monitor property operations and apply value-adding initiatives to the firm's assets.
In his role as senior vice president, Cristofori will be responsible for project and entity level financing as well as portfolio management and operations.
As a new asset manager at High St., Piccirillo brings more than five years of commercial real estate experience to this position. He will be responsible for the operations of properties under management and implementing business plans for each assignment that will contribute to the firm's overall investment objectives.
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.
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.
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