 (1).gif)
News:
Finance
Posted: March 7, 2013
John Patrick 2013
Name: John Patrick, Jr.
Title: Chairman, CT. Bankers Association
Company: Farmington Bank
Location: 1 Farm Glen Blvd., Farmington, CT 06032
Place of Birth and Year: Hartford, CT - 1958
Family: Wife, Pamela; 3 children
College: Central Connecticut University - BS Business Administration
First Job in Finance or Allied Field: Lockbox clerk at CT Bank & Trust
What do you do now and what are you planning for the future: Outreach - banks are here to help at the community level. Continue with legislative efforts. The cost of regulation is significant. Want banks to be able to respond to lending needs.
Hobbies: Time with family
Favorite Book: Good to Great
Person you most emulate (outside of family): Bill Rogers at TD Banknorth
Key to success (one idea): Don't take yourself too seriously; try to learn something new every day. Surround yourself with good people.
If you were forced to choose another vocation what would it be? Charter boat captain
Tags:
Finance
MORE FROM Finance
Kozlowski of Newmark Capital Markets secures $115.6 million financing for two properties in CT
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.
 (1).gif)
Quick Hits
Columns and Thought Leadership
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
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
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
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.
