Name: John Galvin, MAI
Title: President, Connecticut Chapter Appraisal Institute
Company: Andrew & Galvin Appraisal Services
Location: 16 Spring Ln., Farmington, Conn. 06032
Birthplace and year: Hartford, Conn., 1961
Family: Wife, Donna; children, PJ and Sean
College: University of Connecticut, BS in Finance
First job outside of appraisal: Commercial credit analyst for Connecticut National Bank
First job in real estate or allied field: Appraiser for Connecticut National Bank for John Leary
What do you do now and what are you planning for the future? Recertification year for Connecticut. We will be targeting a broader range of real estate professionals, i.e., eminent domain module in January, directed at attorneys as well as appraisers. Also, we have created a social chairman, We support the national group's efforts to keep up with changing regulations in the industry.
Person you admire most (outside of family): Byrl Boyce, appraiser and professor for the Center for Real Estate & Urban Economic Studies at the Univ. of Conn.
Keys to success: Set goals, perseverance, hard work
If you had to choose another vocation what could it be? Farmer
East Lyme, CT Newmark has arranged $115.6 million in financing on behalf of the sponsor to refinance The Cove at Gateway Commons and Sound at Gateway Commons. Newmark Capital Markets Strategies managing director Avi Kozlowski secured the financing through Freddie Mac.
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
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 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.
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.