News: Finance

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.
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The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

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.
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

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
Are appraisers on the same page as the assessor? - by Richard Seman

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.
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

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