Name: John Blake
Title: Member
Company: Tarlow Breed Hart & Rodgers, P.C.
Location: 101 Huntington Ave., Prudential Center, Boston, MA
Birthplace and year: Worcester, MA - 1965
Family: Wife Anne; one son
College: Columbia College, BA, English; Vermont Law School, JC
First job in law: Associate with Jelinas Ward & Reynolds
What do you do now and what are you planning for the future? Lots of real estate finance work; C&I and asset based lending; SBA loans; commercial leasing for office, land and retail. Also serve as chairman of the Chelmsford Board of Appeals.
Hobbies: Time with family; involved with son's sports
Favorite book: "1776" by David McCullough
Person you admire most (outside of family): Ed Tarlow
Key to success: Remembering your clients come first.
If you had to choose another vocation what would it be? Medicine
How many of you remember real estate development in the late 1980s? Project sourcing was difficult, until it wasn’t. Into the 90’s, a few years after, banks and other financial institutions were very happy to fund projects.
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
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
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.