Name: John Feeney
Title: Principal
Company: J.M. Feeney & Associates
Location: 600 Technology Center Dr., Stoughton, Mass.
Birthplace and year: Milton, Mass., 1960
Family: Wife Francesca; children: Madison and Mack
College: Boston University, BA Business Administration
First job outside of finance: Mass. Convention Center Authority, marketing department
First job in finance or allied field: Meredith & Grew Capital Markets, assistant vice president
What do you do now and what are you planning for the future? Continue mortgage banking firm. Work with developers and investors securing their debt and equity and with institutional lenders.
Hobbies: Time with family, golf, boating and fishing
Favorite book: Cain & Abel
Favorite movie: Absence of Malice
Keys to success: Work hard, service your clients.
Hyannis, MA MassDevelopment issued $9 million in tax-exempt bonds on behalf of Harbor Health Services Inc. to help the nonprofit public health agency expand its community health center and serve additional patients.
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.
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
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.